Fund
|
Ticker
|
Listing
Exchange
|
JPMorgan
BetaBuilders Canada ETF |
BBCA |
Cboe
BZX Exchange, Inc. |
JPMorgan
BetaBuilders Developed Asia Pacific ex-Japan ETF |
BBAX |
Cboe
BZX Exchange, Inc. |
JPMorgan
BetaBuilders Europe ETF |
BBEU |
Cboe
BZX Exchange, Inc. |
JPMorgan
BetaBuilders International Equity ETF |
BBIN |
Cboe
BZX Exchange, Inc. |
JPMorgan
BetaBuilders Japan ETF |
BBJP |
Cboe
BZX Exchange, Inc. |
JPMorgan
BetaBuilders U.S. Equity ETF |
BBUS |
Cboe
BZX Exchange, Inc. |
JPMorgan
BetaBuilders U.S. Mid Cap Equity ETF |
BBMC |
NYSE
Arca |
JPMorgan
BetaBuilders U.S. Small Cap Equity ETF |
BBSC |
NYSE
Arca |
JPMorgan
Carbon Transition U.S. Equity ETF |
JCTR |
NYSE
Arca |
JPMorgan
Diversified Return Emerging Markets Equity ETF |
JPEM |
NYSE
Arca |
JPMorgan
Diversified Return International Equity ETF |
JPIN |
NYSE
Arca |
JPMorgan
Diversified Return U.S. Equity ETF |
JPUS |
NYSE
Arca |
JPMorgan
Diversified Return U.S. Mid Cap Equity ETF |
JPME |
NYSE
Arca |
JPMorgan
Diversified Return U.S. Small Cap Equity ETF |
JPSE |
NYSE
Arca |
JPMorgan
U.S. Momentum Factor ETF |
JMOM |
NYSE
Arca |
JPMorgan
U.S. Quality Factor ETF |
JQUA |
NYSE
Arca |
JPMorgan
U.S. Value Factor ETF |
JVAL |
NYSE
Arca |
|
|
1 | |
2 | |
3 | |
6 | |
9 | |
12 | |
15 | |
18 | |
21 | |
24 | |
27 | |
30 | |
33 | |
36 | |
39 | |
42 | |
45 | |
48 | |
51 | |
54 | |
186 | |
206 | |
216 | |
243 | |
245 |
|
“While
the effects of rising interest
rates
is likely to adversely impact
economic
growth in the months
ahead,
other factors may aid the
global
economic outlook, as energy
prices
have trended downward in
recent
months and the re-opening of
China’s
economy may provide
support
for increased global trade.”
—
Brian S. Shlissel
|
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
1
|
2
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
REPORTING
PERIOD RETURN: |
|
Net
Asset Value * |
8.39% |
Market
Price ** |
8.40% |
Morningstar®
Canada Target Market Exposure IndexSM
(net total return) |
8.38% |
Net
Assets as of 4/30/2023 |
$6,180,919,077 |
Fund
Ticker |
BBCA |
TOP
TEN HOLDINGS OF THE
PORTFOLIO
AS OF April
30, 2023 |
PERCENT
OF
TOTAL
INVESTMENTS | |
1. |
Royal
Bank of Canada (Canada) |
7.0
% |
2. |
Toronto-Dominion
Bank (The) (Canada) |
5.6 |
3. |
Enbridge,
Inc. (Canada) |
4.1 |
4. |
Canadian
Pacific Kansas City Ltd. (Canada) |
3.8 |
5. |
Canadian
National Railway Co. (Canada) |
3.7 |
6. |
Canadian
Natural Resources Ltd. (Canada) |
3.5 |
7. |
Bank
of Montreal (Canada) |
3.3 |
8. |
Bank
of Nova Scotia (The) (Canada) |
3.0 |
9. |
Shopify,
Inc., Class A (Canada) |
3.0 |
10. |
Brookfield
Corp. (Canada) |
2.4 |
PORTFOLIO
COMPOSITION BY SECTOR
AS
OF April
30, 2023 |
PERCENT
OF
TOTAL
INVESTMENTS |
Financials |
32.2% |
Energy |
16.5 |
Industrials |
13.3 |
Materials |
10.8 |
Information
Technology |
6.6 |
Consumer
Staples |
4.3 |
Consumer
Discretionary |
3.4 |
Utilities |
3.1 |
Communication
Services |
2.4 |
Others
(each less than 1.0%) |
0.6 |
Short-Term
Investments |
6.8 |
|
|
3
|
4
|
|
|
|
INCEPTION
DATE |
SIX
MONTHS* |
1
YEAR |
SINCE
INCEPTION |
JPMorgan
BetaBuilders Canada ETF |
|
|
| |
Net
Asset Value |
August
7, 2018 |
8.39
% |
(2.57
)% |
7.33
% |
Market
Price |
|
8.40 |
(2.55
) |
7.35 |
| |
* |
Not
annualized. |
|
|
5
|
REPORTING
PERIOD RETURN: |
|
Net
Asset Value * |
17.63% |
Market
Price ** |
17.84% |
Morningstar®
Developed Asia Pacific ex-Japan Target Market Exposure IndexSM
(net total return) |
17.02% |
Net
Assets as of 4/30/2023 |
$4,442,195,795 |
Fund
Ticker |
BBAX |
TOP
TEN HOLDINGS OF THE
PORTFOLIO
AS OF April
30, 2023 |
PERCENT
OF
TOTAL
INVESTMENTS | |
1. |
BHP
Group Ltd. (Australia) |
8.2
% |
2. |
AIA
Group Ltd. (Hong Kong) |
6.9 |
3. |
Commonwealth
Bank of Australia
(Australia) |
6.1 |
4. |
CSL
Ltd. |
5.2 |
5. |
National
Australia Bank Ltd. (Australia) |
3.3 |
6. |
Westpac
Banking Corp. (Australia) |
2.9 |
7. |
Hong
Kong Exchanges & Clearing Ltd.
(Hong
Kong) |
2.7 |
8. |
ANZ
Group Holdings Ltd. (Australia) |
2.6 |
9. |
DBS
Group Holdings Ltd. (Singapore) |
2.5 |
10. |
Macquarie
Group Ltd. (Australia) |
2.4 |
PORTFOLIO
COMPOSITION BY COUNTRY
AS
OF April
30, 2023 |
PERCENT
OF
TOTAL
INVESTMENTS |
Australia |
58.2% |
Hong
Kong |
19.2 |
Singapore |
10.6 |
United
States |
5.7 |
China |
2.3 |
New
Zealand |
1.8 |
Macau |
1.2 |
United
Kingdom |
1.0 |
Short-Term
Investments |
0.0**** |
6
|
|
|
|
|
7
|
|
INCEPTION
DATE |
SIX
MONTHS* |
1
YEAR |
SINCE
INCEPTION |
JPMorgan
BetaBuilders Developed Asia Pacific ex-Japan ETF |
|
|
| |
Net
Asset Value |
August
7, 2018 |
17.63
% |
0.14
% |
3.84
% |
Market
Price |
|
17.84 |
0.52 |
3.89 |
| |
* |
Not
annualized. |
8
|
|
|
REPORTING
PERIOD RETURN: |
|
Net
Asset Value * |
28.48% |
Market
Price ** |
28.47% |
Morningstar®
Developed Europe Target Market Exposure IndexSM
(net total return) |
28.21% |
Net
Assets as of 4/30/2023 |
$9,629,163,149 |
Fund
Ticker |
BBEU |
TOP
TEN HOLDINGS OF THE
PORTFOLIO
AS OF April
30, 2023 |
PERCENT
OF
TOTAL
INVESTMENTS | |
1. |
Nestle
SA (Registered) |
3.2
% |
2. |
Novo
Nordisk A/S, Class B (Denmark) |
2.5 |
3. |
ASML
Holding NV (Netherlands) |
2.3 |
4. |
LVMH
Moet Hennessy Louis Vuitton SE
(France) |
2.3 |
5. |
Novartis
AG (Registered) (Switzerland) |
2.2 |
6. |
AstraZeneca
plc (United Kingdom) |
2.1 |
7. |
Roche
Holding AG |
2.0 |
8. |
Shell
plc (Netherlands) |
2.0 |
9. |
TotalEnergies
SE (France) |
1.4 |
10. |
SAP
SE (Germany) |
1.3 |
PORTFOLIO
COMPOSITION BY COUNTRY
AS
OF April
30, 2023 |
PERCENT
OF
TOTAL
INVESTMENTS |
United
Kingdom |
17.5% |
France |
15.2 |
Germany |
11.7 |
United
States |
9.8 |
Switzerland |
8.7 |
Netherlands |
7.4 |
Sweden |
4.9 |
Denmark |
4.4 |
Spain |
3.7 |
Italy |
3.4 |
Finland |
1.8 |
Australia |
1.5 |
Belgium |
1.4 |
Norway |
1.0 |
Others
(each less than 1.0%) |
4.2 |
Short-Term
Investments |
3.4 |
|
|
9
|
10
|
|
|
|
INCEPTION
DATE |
SIX
MONTHS* |
1
YEAR |
SINCE
INCEPTION |
JPMorgan
BetaBuilders Europe ETF |
|
|
| |
Net
Asset Value |
June
15, 2018 |
28.48
% |
13.28
% |
5.47
% |
Market
Price |
|
28.47 |
13.75 |
5.48 |
| |
* |
Not
annualized. |
|
|
11
|
REPORTING
PERIOD RETURN: |
|
Net
Asset Value * |
24.43% |
Market
Price ** |
24.46% |
Morningstar®
Developed Markets ex-North America Target Market Exposure
IndexSM
(net total return) |
23.95% |
Net
Assets as of 4/30/2023 |
$3,540,096,128 |
Fund
Ticker |
BBIN |
TOP
TEN HOLDINGS OF THE
PORTFOLIO
AS OF April
30, 2023 |
PERCENT
OF
TOTAL
INVESTMENTS | |
1. |
Nestle
SA (Registered) |
2.1
% |
2. |
Novo
Nordisk A/S, Class B (Denmark) |
1.6 |
3. |
ASML
Holding NV (Netherlands) |
1.5 |
4. |
LVMH
Moet Hennessy Louis Vuitton SE
(France) |
1.5 |
5. |
Novartis
AG (Registered) (Switzerland) |
1.5 |
6. |
AstraZeneca
plc (United Kingdom) |
1.4 |
7. |
Roche
Holding AG |
1.3 |
8. |
Shell
plc (Netherlands) |
1.3 |
9. |
Toyota
Motor Corp. (Japan) |
1.0 |
10. |
BHP
Group Ltd. (Australia) |
0.9 |
PORTFOLIO
COMPOSITION BY COUNTRY
AS
OF April
30, 2023 |
PERCENT
OF
TOTAL
INVESTMENTS |
Japan |
22.3% |
United
Kingdom |
11.7 |
France |
10.0 |
Germany |
7.7 |
Australia |
7.4 |
United
States |
7.1 |
Switzerland |
5.7 |
Netherlands |
4.9 |
Sweden |
3.2 |
Denmark |
2.9 |
Spain |
2.5 |
Hong
Kong |
2.4 |
Italy |
2.2 |
Singapore |
1.3 |
Finland |
1.2 |
Belgium |
1.0 |
Others
(each less than 1.0%) |
3.9 |
Short-Term
Investments |
2.6 |
12
|
|
|
|
|
13
|
|
INCEPTION
DATE |
SIX
MONTHS* |
1
YEAR |
SINCE
INCEPTION |
JPMorgan
BetaBuilders International Equity ETF |
|
|
| |
Net
Asset Value |
December
3, 2019 |
24.43
% |
9.64
% |
5.58
% |
Market
Price |
|
24.46 |
10.06 |
5.60 |
| |
* |
Not
annualized. |
14
|
|
|
REPORTING
PERIOD RETURN: |
|
Net
Asset Value * |
17.68% |
Market
Price ** |
18.21% |
Morningstar®
Japan Target Market Exposure IndexSM
(net total return) |
17.08% |
Net
Assets as of 4/30/2023 |
$7,449,793,313 |
Fund
Ticker |
BBJP |
TOP
TEN HOLDINGS OF THE
PORTFOLIO
AS OF April
30, 2023 |
PERCENT
OF
TOTAL
INVESTMENTS | |
1. |
Toyota
Motor Corp. (Japan) |
4.6
% |
2. |
Sony
Group Corp. (Japan) |
3.1 |
3. |
Keyence
Corp. (Japan) |
2.4 |
4. |
Mitsubishi
UFJ Financial Group, Inc.
(Japan) |
2.0 |
5. |
Daiichi
Sankyo Co. Ltd. (Japan) |
1.8 |
6. |
Shin-Etsu
Chemical Co. Ltd. (Japan) |
1.5 |
7. |
Sumitomo
Mitsui Financial Group, Inc.
(Japan) |
1.5 |
8. |
Mitsubishi
Corp. (Japan) |
1.5 |
9. |
Tokyo
Electron Ltd. (Japan) |
1.4 |
10. |
Daikin
Industries Ltd. (Japan) |
1.4 |
PORTFOLIO
COMPOSITION BY SECTOR
AS
OF April
30, 2023 |
PERCENT
OF
TOTAL
INVESTMENTS |
Industrials |
23.4% |
Consumer
Discretionary |
18.6 |
Information
Technology |
12.7 |
Financials |
11.0 |
Health
Care |
9.4 |
Communication
Services |
7.1 |
Consumer
Staples |
7.1 |
Materials |
5.0 |
Real
Estate |
3.6 |
Others
(each less than 1.0%) |
1.6 |
Short-Term
Investments |
0.5 |
|
|
15
|
16
|
|
|
|
INCEPTION
DATE |
SIX
MONTHS* |
1
YEAR |
SINCE
INCEPTION |
JPMorgan
BetaBuilders Japan ETF |
|
|
| |
Net
Asset Value |
June
15, 2018 |
17.68
% |
5.28
% |
1.22
% |
Market
Price |
|
18.21 |
5.74 |
1.33 |
| |
* |
Not
annualized. |
|
|
17
|
REPORTING
PERIOD RETURN: |
|
Net
Asset Value * |
8.36% |
Market
Price ** |
8.22% |
Morningstar®
US Target Market Exposure IndexSM |
8.37% |
Net
Assets as of 4/30/2023 |
$1,528,239,230 |
Fund
Ticker |
BBUS |
TOP
TEN HOLDINGS OF THE
PORTFOLIO
AS OF April
30, 2023 |
PERCENT
OF
TOTAL
INVESTMENTS | |
1. |
Apple,
Inc. |
6.9
% |
2. |
Microsoft
Corp. |
6.3 |
3. |
Amazon.com,
Inc. |
2.6 |
4. |
NVIDIA
Corp. |
1.9 |
5. |
Alphabet,
Inc., Class A |
1.8 |
6. |
Berkshire
Hathaway, Inc., Class B |
1.6 |
7. |
Alphabet,
Inc., Class C |
1.5 |
8. |
Meta
Platforms, Inc., Class A |
1.5 |
9. |
Exxon
Mobil Corp. |
1.3 |
10. |
UnitedHealth
Group, Inc. |
1.3 |
PORTFOLIO
COMPOSITION BY SECTOR
AS
OF April
30, 2023 |
PERCENT
OF
TOTAL
INVESTMENTS |
Information
Technology |
25.9% |
Health
Care |
14.2 |
Financials |
13.1 |
Consumer
Discretionary |
9.9 |
Industrials |
8.6 |
Communication
Services |
8.1 |
Consumer
Staples |
7.1 |
Energy |
4.7 |
Utilities |
2.9 |
Real
Estate |
2.5 |
Materials |
2.5 |
Short-Term
Investments |
0.5 |
18
|
|
|
|
|
19
|
|
INCEPTION
DATE |
SIX
MONTHS* |
1
YEAR |
SINCE
INCEPTION |
JPMorgan
BetaBuilders U.S. Equity ETF |
|
|
| |
Net
Asset Value |
March
12, 2019 |
8.36
% |
1.90
% |
11.73
% |
Market
Price |
|
8.22 |
1.83 |
11.71 |
| |
* |
Not
annualized. |
20
|
|
|
REPORTING
PERIOD RETURN: |
|
Net
Asset Value * |
1.61% |
Market
Price ** |
1.78% |
Morningstar®
US Mid Cap Target Market Exposure Extended IndexSM |
1.56% |
Net
Assets as of 4/30/2023 |
$1,587,844,608 |
Fund
Ticker |
BBMC |
TOP
TEN HOLDINGS OF THE
PORTFOLIO
AS OF April
30, 2023 |
PERCENT
OF
TOTAL
INVESTMENTS | |
1. |
Fair
Isaac Corp. |
0.6
% |
2. |
Liberty
Media Corp.-Liberty Formula One,
Class
C |
0.5 |
3. |
Reliance
Steel & Aluminum Co. |
0.5 |
4. |
Axon
Enterprise, Inc. |
0.5 |
5. |
Builders
FirstSource, Inc. |
0.4 |
6. |
Ares
Management Corp. |
0.4 |
7. |
Gaming
and Leisure Properties, Inc. |
0.4 |
8. |
Graco,
Inc. |
0.4 |
9. |
Deckers
Outdoor Corp. |
0.4 |
10. |
First
Citizens BancShares, Inc., Class A |
0.4 |
PORTFOLIO
COMPOSITION BY SECTOR
AS
OF April
30, 2023 |
PERCENT
OF
TOTAL
INVESTMENTS |
Industrials |
18.6% |
Consumer
Discretionary |
12.9 |
Financials |
12.9 |
Health
Care |
10.9 |
Information
Technology |
10.3 |
Real
Estate |
7.3 |
Materials |
5.4 |
Energy |
3.8 |
Consumer
Staples |
3.4 |
Communication
Services |
2.7 |
Utilities |
2.5 |
Short-Term
Investments |
9.3 |
|
|
21
|
22
|
|
|
|
INCEPTION
DATE |
SIX
MONTHS* |
1
YEAR |
SINCE
INCEPTION |
JPMorgan
BetaBuilders U.S. Mid Cap Equity ETF |
|
|
| |
Net
Asset Value |
April
14, 2020 |
1.61
% |
(2.89
)% |
14.76
% |
Market
Price |
|
1.78 |
(2.82
) |
14.75 |
| |
* |
Not
annualized. |
|
|
23
|
REPORTING
PERIOD RETURN: |
|
Net
Asset Value * |
(2.29)% |
Market
Price ** |
(1.84)% |
Morningstar®
US Small Cap Target Market Exposure Extended IndexSM |
(2.28)% |
Net
Assets as of 4/30/2023 |
$695,988,969 |
Fund
Ticker |
BBSC |
TOP
TEN HOLDINGS OF THE
PORTFOLIO
AS OF April
30, 2023 |
PERCENT
OF
TOTAL
INVESTMENTS | |
1. |
Prometheus
Biosciences, Inc. |
0.5
% |
2. |
ATI,
Inc. |
0.4 |
3. |
Academy
Sports & Outdoors, Inc. |
0.4 |
4. |
Super
Micro Computer, Inc. |
0.4 |
5. |
Triton
International Ltd. (Bermuda) |
0.4 |
6. |
Rambus,
Inc. |
0.3 |
7. |
elf
Beauty, Inc. |
0.3 |
8. |
Meritage
Homes Corp. |
0.3 |
9. |
Taylor
Morrison Home Corp. |
0.3 |
10. |
World
Wrestling Entertainment, Inc.,
Class
A |
0.3 |
PORTFOLIO
COMPOSITION BY SECTOR
AS
OF April
30, 2023 |
PERCENT
OF
TOTAL
INVESTMENTS |
Financials |
15.7% |
Industrials |
15.1 |
Health
Care |
14.6 |
Information
Technology |
11.4 |
Consumer
Discretionary |
11.0 |
Real
Estate |
4.9 |
Energy |
4.8 |
Materials |
4.2 |
Consumer
Staples |
4.1 |
Communication
Services |
2.5 |
Utilities |
1.6 |
Short-Term
Investments |
10.1 |
24
|
|
|
|
|
25
|
|
INCEPTION
DATE |
SIX
MONTHS* |
1
YEAR |
SINCE
INCEPTION |
JPMorgan
BetaBuilders U.S. Small Cap Equity ETF |
|
|
| |
Net
Asset Value |
November
16, 2020 |
(2.29
)% |
(2.56
)% |
2.55
% |
Market
Price |
|
(1.84
) |
(2.53
) |
2.52 |
| |
* |
Not
annualized. |
26
|
|
|
REPORTING
PERIOD RETURN: |
|
Net
Asset Value * |
8.01% |
Market
Price ** |
7.94% |
JPMorgan
Asset Management Carbon Transition U.S. Equity Index |
8.09% |
Russell
1000 Index |
8.01% |
Net
Assets as of 4/30/2023 |
$22,458,558 |
Fund
Ticker |
JCTR |
TOP
TEN HOLDINGS OF THE
PORTFOLIO
AS OF April
30, 2023 |
PERCENT
OF
TOTAL
INVESTMENTS | |
1. |
Apple,
Inc. |
7.0
% |
2. |
Microsoft
Corp. |
5.8 |
3. |
Alphabet,
Inc., Class A |
2.9 |
4. |
Amazon.com,
Inc. |
2.2 |
5. |
NVIDIA
Corp. |
2.1 |
6. |
Exxon
Mobil Corp. |
1.6 |
7. |
UnitedHealth
Group, Inc. |
1.5 |
8. |
Johnson
& Johnson |
1.4 |
9. |
Tesla,
Inc. |
1.4 |
10. |
Procter
& Gamble Co. (The) |
1.3 |
PORTFOLIO
COMPOSITION BY SECTOR
AS
OF April
30, 2023 |
PERCENT
OF
TOTAL
INVESTMENTS |
Information
Technology |
26.6% |
Financials |
14.7 |
Health
Care |
14.6 |
Consumer
Discretionary |
10.4 |
Communication
Services |
7.9 |
Industrials |
7.6 |
Consumer
Staples |
6.0 |
Energy |
4.4 |
Real
Estate |
2.9 |
Utilities |
2.5 |
Materials |
2.3 |
Short-Term
Investments |
0.1 |
|
|
27
|
28
|
|
|
|
INCEPTION
DATE |
SIX
MONTHS* |
1
YEAR |
SINCE
INCEPTION |
JPMorgan
Carbon Transition U.S. Equity ETF |
|
|
| |
Net
Asset Value |
December
9, 2020 |
8.01
% |
2.62
% |
6.99
% |
Market
Price |
|
7.94 |
2.66 |
6.97 |
| |
* |
Not
annualized. |
|
|
29
|
REPORTING
PERIOD RETURN: |
|
Net
Asset Value * |
13.36% |
Market
Price ** |
13.35% |
JP
Morgan Diversified Factor Emerging Markets Equity Index (net total
return) |
13.51% |
FTSE
Emerging Index (net total return) |
15.23% |
Net
Assets as of 4/30/2023 |
$281,698,753 |
Fund
Ticker |
JPEM |
30
|
|
|
TOP
TEN HOLDINGS OF THE
PORTFOLIO
AS OF April
30, 2023 |
PERCENT
OF
TOTAL
INVESTMENTS | |
1. |
Infosys
Ltd. (India) |
1.4
% |
2. |
Vale
SA (Brazil) |
1.3 |
3. |
Taiwan
Semiconductor Manufacturing Co.
Ltd.
(Taiwan) |
1.2 |
4. |
Hindustan
Unilever Ltd. (India) |
1.0 |
5. |
Grupo
Financiero Banorte SAB de CV,
Class
O (Mexico) |
0.9 |
6. |
Bank
of China Ltd., Class H (China) |
0.9 |
7. |
America
Movil SAB de CV (Mexico) |
0.9 |
8. |
Tata
Consultancy Services Ltd. (India) |
0.8 |
9. |
Petroleo
Brasileiro SA (Preference)
(Brazil) |
0.8 |
10. |
Wal-Mart
de Mexico SAB de CV (Mexico) |
0.8 |
PORTFOLIO
COMPOSITION BY COUNTRY
AS
OF April
30, 2023 |
PERCENT
OF
TOTAL
INVESTMENTS |
China |
25.5% |
Taiwan |
11.9 |
India |
10.2 |
Brazil |
8.9 |
Turkey |
8.0 |
Mexico |
7.2 |
Saudi
Arabia |
4.7 |
South
Africa |
4.0 |
Indonesia |
3.7 |
Thailand |
3.2 |
United
Arab Emirates |
2.3 |
Malaysia |
2.0 |
Kuwait |
1.9 |
Qatar |
1.7 |
Chile |
1.4 |
Greece |
1.2 |
Others
(each less than 1.0%) |
2.2 |
Short-Term
Investments |
0.0**** |
|
|
31
|
|
INCEPTION
DATE |
SIX
MONTHS* |
1
YEAR |
5
YEAR |
SINCE
INCEPTION |
JPMorgan
Diversified Return Emerging Markets Equity ETF |
|
|
|
| |
Net
Asset Value |
January
7, 2015 |
13.36
% |
0.52
% |
1.00
% |
3.39
% |
Market
Price |
|
13.35 |
1.54 |
1.09 |
3.46 |
| |
* |
Not
annualized. |
32
|
|
|
REPORTING
PERIOD RETURN: |
|
Net
Asset Value * |
21.62% |
Market
Price ** |
21.62% |
JP
Morgan Diversified Factor International Equity Index (net total
return) |
21.34% |
FTSE
Developed ex North America Index (net total return) |
23.47% |
Net
Assets as of 4/30/2023 |
$814,971,993 |
Fund
Ticker |
JPIN |
|
|
33
|
TOP
TEN HOLDINGS OF THE
PORTFOLIO
AS OF April
30, 2023 |
PERCENT
OF
TOTAL
INVESTMENTS | |
1. |
BAE
Systems plc (United Kingdom) |
0.4
% |
2. |
Sembcorp
Industries Ltd. (Singapore) |
0.4 |
3. |
Novo
Nordisk A/S, Class B (Denmark) |
0.4 |
4. |
Centrica
plc (United Kingdom) |
0.4 |
5. |
Iberdrola
SA (Spain) |
0.4 |
6. |
AstraZeneca
plc (United Kingdom) |
0.4 |
7. |
3i
Group plc (United Kingdom) |
0.4 |
8. |
Wolters
Kluwer NV (Netherlands) |
0.4 |
9. |
Kansai
Electric Power Co., Inc. (The)
(Japan) |
0.4 |
10. |
United
Utilities Group plc (United
Kingdom) |
0.4 |
PORTFOLIO
COMPOSITION BY COUNTRY
AS
OF April
30, 2023 |
PERCENT
OF
TOTAL
INVESTMENTS |
Japan |
29.9% |
United
Kingdom |
15.7 |
Australia |
10.4 |
South
Korea |
6.4 |
France |
4.9 |
Singapore |
3.3 |
Netherlands |
3.1 |
Hong
Kong |
3.1 |
Spain |
2.4 |
Germany |
2.4 |
United
States |
2.4 |
Sweden |
2.3 |
Italy |
2.2 |
China |
1.5 |
Switzerland |
1.5 |
Finland |
1.2 |
Norway |
1.0 |
Others
(each less than 1.0%) |
4.5 |
Short-Term
Investments |
1.8 |
34
|
|
|
|
INCEPTION
DATE |
SIX
MONTHS* |
1
YEAR |
5
YEAR |
SINCE
INCEPTION |
JPMorgan
Diversified Return International Equity ETF |
|
|
|
| |
Net
Asset Value |
November
5, 2014 |
21.62
% |
3.06
% |
1.04
% |
3.62
% |
Market
Price |
|
21.62 |
3.50 |
1.04 |
3.64 |
| |
* |
Not
annualized. |
|
|
35
|
REPORTING
PERIOD RETURN: |
|
Net
Asset Value * |
3.63% |
Market
Price ** |
3.47% |
JP
Morgan Diversified Factor US Equity Index |
3.73% |
Russell
1000 Index |
8.01% |
Net
Assets as of 4/30/2023 |
$499,885,428 |
Fund
Ticker |
JPUS |
TOP
TEN HOLDINGS OF THE
PORTFOLIO
AS OF April
30, 2023 |
PERCENT
OF
TOTAL
INVESTMENTS | |
1. |
Microsoft
Corp. |
0.5
% |
2. |
Mondelez
International, Inc., Class A |
0.5 |
3. |
Apple,
Inc. |
0.5 |
4. |
Hershey
Co. (The) |
0.5 |
5. |
Kimberly-Clark
Corp. |
0.5 |
6. |
Arista
Networks, Inc. |
0.5 |
7. |
Southern
Co. (The) |
0.5 |
8. |
NVIDIA
Corp. |
0.5 |
9. |
HCA
Healthcare, Inc. |
0.5 |
10. |
Republic
Services, Inc. |
0.5 |
PORTFOLIO
COMPOSITION BY SECTOR
AS
OF
April 30, 2023 |
PERCENT
OF
TOTAL
INVESTMENTS |
Consumer
Staples |
15.0% |
Utilities |
12.4 |
Health
Care |
12.2 |
Industrials |
9.2 |
Technology |
8.9 |
Real
Estate |
8.0 |
Consumer
Discretionary |
7.6 |
Financials |
7.5 |
Basic
Materials |
6.9 |
Telecommunications |
5.1 |
Energy |
4.8 |
Short-Term
Investments |
2.4 |
36
|
|
|
|
|
37
|
|
INCEPTION
DATE |
SIX
MONTHS* |
1
YEAR |
5
YEAR |
SINCE
INCEPTION |
JPMorgan
Diversified Return U.S. Equity ETF |
|
|
|
| |
Net
Asset Value |
September
29, 2015 |
3.63
% |
(0.78
)% |
8.97
% |
10.97
% |
Market
Price |
|
3.47 |
(0.74
) |
8.95 |
10.96 |
| |
* |
Not
annualized. |
38
|
|
|
REPORTING
PERIOD RETURN: |
|
Net
Asset Value * |
3.83% |
Market
Price ** |
3.89% |
JP
Morgan Diversified Factor US Mid Cap Equity Index |
3.95% |
Russell
Midcap Index |
3.80% |
Net
Assets as of 4/30/2023 |
$343,670,280 |
Fund
Ticker |
JPME |
TOP
TEN HOLDINGS OF THE
PORTFOLIO
AS OF April
30, 2023 |
PERCENT
OF
TOTAL
INVESTMENTS | |
1. |
Hershey
Co. (The) |
0.5
% |
2. |
Arista
Networks, Inc. |
0.5 |
3. |
Manhattan
Associates, Inc. |
0.5 |
4. |
Republic
Services, Inc. |
0.5 |
5. |
Molson
Coors Beverage Co., Class B |
0.5 |
6. |
Lamb
Weston Holdings, Inc. |
0.5 |
7. |
Dick's
Sporting Goods, Inc. |
0.5 |
8. |
Lennar
Corp., Class A |
0.5 |
9. |
Motorola
Solutions, Inc. |
0.5 |
10. |
Cable
One, Inc. |
0.4 |
PORTFOLIO
COMPOSITION BY SECTOR
AS
OF
April 30, 2023 |
PERCENT
OF
TOTAL
INVESTMENTS |
Health
Care |
13.0% |
Utilities |
11.4 |
Industrials |
11.2 |
Consumer
Staples |
10.0 |
Technology |
9.9 |
Real
Estate |
9.2 |
Financials |
8.7 |
Consumer
Discretionary |
8.4 |
Basic
Materials |
8.3 |
Energy |
5.5 |
Telecommunications |
3.8 |
Short-Term
Investments |
0.6 |
|
|
39
|
40
|
|
|
|
INCEPTION
DATE |
SIX
MONTHS* |
1
YEAR |
5
YEAR |
SINCE
INCEPTION |
JPMorgan
Diversified Return U.S. Mid Cap Equity ETF |
|
|
|
| |
Net
Asset Value |
May 11,
2016 |
3.83
% |
(0.60
)% |
8.22
% |
9.80
% |
Market
Price |
|
3.89 |
(0.54
) |
8.22 |
9.80 |
| |
* |
Not
annualized. |
|
|
41
|
REPORTING
PERIOD RETURN: |
|
Net
Asset Value * |
(1.28)% |
Market
Price ** |
(1.58)% |
JP
Morgan Diversified Factor US Small Cap Equity Index |
(1.18)% |
Russell
2000 Index |
(3.45)% |
Net
Assets as of 4/30/2023 |
$379,870,736 |
Fund
Ticker |
JPSE |
TOP
TEN HOLDINGS OF THE
PORTFOLIO
AS OF April
30, 2023 |
PERCENT
OF
TOTAL
INVESTMENTS | |
1. |
Triton
International Ltd. (Bermuda) |
0.4
% |
2. |
Taylor
Morrison Home Corp. |
0.4 |
3. |
Merit
Medical Systems, Inc. |
0.4 |
4. |
Casella
Waste Systems, Inc., Class A |
0.4 |
5. |
Arcosa,
Inc. |
0.3 |
6. |
Lancaster
Colony Corp. |
0.3 |
7. |
Cogent
Communications Holdings, Inc. |
0.3 |
8. |
TreeHouse
Foods, Inc. |
0.3 |
9. |
Lantheus
Holdings, Inc. |
0.3 |
10. |
Badger
Meter, Inc. |
0.3 |
PORTFOLIO
COMPOSITION BY SECTOR
AS
OF
April 30, 2023 |
PERCENT
OF
TOTAL
INVESTMENTS |
Financials |
10.6% |
Industrials |
10.4 |
Health
Care |
10.4 |
Technology |
9.9 |
Real
Estate |
9.7 |
Consumer
Staples |
9.4 |
Basic
Materials |
9.1 |
Consumer
Discretionary |
7.9 |
Utilities |
6.1 |
Energy |
5.9 |
Telecommunications |
4.7 |
Short-Term
Investments |
5.9 |
42
|
|
|
|
|
43
|
|
INCEPTION
DATE |
SIX
MONTHS* |
1
YEAR |
5
YEAR |
SINCE
INCEPTION |
JPMorgan
Diversified Return U.S. Small Cap Equity ETF |
|
|
|
| |
Net
Asset Value |
November
15, 2016 |
(1.28
)% |
(2.26
)% |
7.29
% |
8.44
% |
Market
Price |
|
(1.58
) |
(2.24
) |
7.26 |
8.42 |
| |
* |
Not
annualized. |
44
|
|
|
REPORTING
PERIOD RETURN: |
|
Net
Asset Value * |
4.20% |
Market
Price ** |
4.04% |
JP
Morgan US Momentum Factor Index |
4.26% |
Russell
1000 Growth Index |
11.51% |
Russell
1000 Index |
8.01% |
Net
Assets as of 4/30/2023 |
$239,117,346 |
Fund
Ticker |
JMOM |
TOP
TEN HOLDINGS OF THE
PORTFOLIO
AS OF April
30, 2023 |
PERCENT
OF
TOTAL
INVESTMENTS | |
1. |
NVIDIA
Corp. |
2.3
% |
2. |
Microsoft
Corp. |
2.3 |
3. |
Apple,
Inc. |
2.1 |
4. |
Eli
Lilly & Co. |
1.8 |
5. |
Home
Depot, Inc. (The) |
1.6 |
6. |
Berkshire
Hathaway, Inc., Class B |
1.6 |
7. |
UnitedHealth
Group, Inc. |
1.6 |
8. |
AbbVie,
Inc. |
1.4 |
9. |
Broadcom,
Inc. |
1.4 |
10. |
Costco
Wholesale Corp. |
1.3 |
PORTFOLIO
COMPOSITION BY SECTOR
AS
OF
April 30, 2023 |
PERCENT
OF
TOTAL
INVESTMENTS |
Technology |
26.4% |
Consumer
Discretionary |
14.8 |
Health
Care |
13.8 |
Industrials |
12.7 |
Financials |
10.6 |
Consumer
Staples |
5.9 |
Energy |
4.8 |
Utilities |
3.2 |
Real
Estate |
3.1 |
Telecommunications |
2.5 |
Basic
Materials |
1.8 |
Short-Term
Investments |
0.4 |
|
|
45
|
46
|
|
|
|
INCEPTION
DATE |
SIX
MONTHS* |
1
YEAR |
5
YEAR |
SINCE
INCEPTION |
JPMorgan
U.S. Momentum Factor ETF |
|
|
|
| |
Net
Asset Value |
November
8, 2017 |
4.20
% |
0.72
% |
9.94
% |
9.96
% |
Market
Price |
|
4.04 |
0.77 |
9.90 |
9.94 |
| |
* |
Not
annualized. |
|
|
47
|
REPORTING
PERIOD RETURN: |
|
Net
Asset Value * |
10.38% |
Market
Price ** |
10.38% |
JP
Morgan US Quality Factor Index |
10.45% |
Russell
1000 Index |
8.01% |
Net
Assets as of 4/30/2023 |
$1,201,066,036 |
Fund
Ticker |
JQUA |
TOP
TEN HOLDINGS OF THE
PORTFOLIO
AS OF April
30, 2023 |
PERCENT
OF
TOTAL
INVESTMENTS | |
1. |
Meta
Platforms, Inc., Class A |
2.4
% |
2. |
Microsoft
Corp. |
2.3 |
3. |
NVIDIA
Corp. |
2.2 |
4. |
Alphabet,
Inc., Class A |
2.2 |
5. |
Apple,
Inc. |
2.1 |
6. |
Visa,
Inc., Class A |
1.9 |
7. |
Berkshire
Hathaway, Inc., Class B |
1.9 |
8. |
Procter
& Gamble Co. (The) |
1.7 |
9. |
Exxon
Mobil Corp. |
1.7 |
10. |
Mastercard,
Inc., Class A |
1.7 |
PORTFOLIO
COMPOSITION BY SECTOR
AS
OF
April 30, 2023 |
PERCENT
OF
TOTAL
INVESTMENTS |
Technology |
26.1% |
Consumer
Discretionary |
13.7 |
Health
Care |
13.4 |
Industrials |
12.8 |
Financials |
10.4 |
Consumer
Staples |
5.7 |
Energy |
4.7 |
Real
Estate |
2.9 |
Utilities |
2.9 |
Telecommunications |
2.3 |
Basic
Materials |
2.0 |
Short-Term
Investments |
3.1 |
48
|
|
|
|
|
49
|
|
INCEPTION
DATE |
SIX
MONTHS* |
1
YEAR |
5
YEAR |
SINCE
INCEPTION |
JPMorgan
U.S. Quality Factor ETF |
|
|
|
| |
Net
Asset Value |
November
8, 2017 |
10.38
% |
6.39
% |
12.14
% |
11.69
% |
Market
Price |
|
10.38 |
6.42 |
12.14 |
11.70 |
| |
* |
Not
annualized. |
50
|
|
|
REPORTING
PERIOD RETURN: |
|
Net
Asset Value * |
4.78% |
Market
Price ** |
4.78% |
JP
Morgan US Value Factor Index |
4.85% |
Russell
1000 Value Index |
4.54% |
Russell
1000 Index |
8.01% |
Net
Assets as of 4/30/2023 |
$561,362,200 |
Fund
Ticker |
JVAL |
TOP
TEN HOLDINGS OF THE
PORTFOLIO
AS OF April
30, 2023 |
PERCENT
OF
TOTAL
INVESTMENTS | |
1. |
Meta
Platforms, Inc., Class A |
2.3
% |
2. |
Microsoft
Corp. |
2.2 |
3. |
Apple,
Inc. |
2.1 |
4. |
Alphabet,
Inc., Class A |
2.1 |
5. |
UnitedHealth
Group, Inc. |
1.9 |
6. |
Johnson
& Johnson |
1.7 |
7. |
Merck
& Co., Inc. |
1.5 |
8. |
Broadcom,
Inc. |
1.4 |
9. |
Pfizer,
Inc. |
1.1 |
10. |
Texas
Instruments, Inc. |
0.9 |
PORTFOLIO
COMPOSITION BY SECTOR
AS
OF
April 30, 2023 |
PERCENT
OF
TOTAL
INVESTMENTS |
Technology |
27.8% |
Health
Care |
14.1 |
Consumer
Discretionary |
13.7 |
Industrials |
13.1 |
Financials |
9.6 |
Consumer
Staples |
5.8 |
Energy |
4.8 |
Utilities |
3.1 |
Real
Estate |
2.9 |
Telecommunications |
2.4 |
Basic
Materials |
2.0 |
Short-Term
Investments |
0.7 |
|
|
51
|
52
|
|
|
|
INCEPTION
DATE |
SIX
MONTHS* |
1
YEAR |
5
YEAR |
SINCE
INCEPTION |
JPMorgan
U.S. Value Factor ETF |
|
|
|
| |
Net
Asset Value |
November
8, 2017 |
4.78
% |
0.14
% |
8.81
% |
8.46
% |
Market
Price |
|
4.78 |
0.14 |
8.78 |
8.45 |
| |
* |
Not
annualized. |
|
|
53
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — 99.5% | ||
Aerospace
& Defense — 0.4% | ||
CAE,
Inc. * |
1,072,531 |
24,136,598 |
Automobile
Components — 0.8% | ||
Magna
International, Inc. |
896,931 |
46,764,738 |
Banks
— 23.7% | ||
Bank
of Montreal (a) |
2,394,590 |
215,855,096 |
Bank
of Nova Scotia (The) |
4,019,907 |
200,661,557 |
Canadian
Imperial Bank of Commerce |
3,057,137 |
128,165,761 |
National
Bank of Canada |
1,138,001 |
84,859,756 |
Royal
Bank of Canada (a) |
4,675,414 |
464,176,801 |
Toronto-Dominion
Bank (The) |
6,146,876 |
372,346,838 |
|
|
1,466,065,809 |
Broadline
Retail — 1.4% | ||
Canadian
Tire Corp. Ltd., Class A (a) |
181,962 |
23,853,763 |
Dollarama,
Inc. |
960,011 |
59,463,500 |
|
|
83,317,263 |
Capital
Markets — 3.1% | ||
Brookfield
Corp. |
4,819,176 |
156,364,894 |
IGM
Financial, Inc. (a) |
272,655 |
8,367,712 |
Onex
Corp. |
229,045 |
10,547,380 |
TMX
Group Ltd. |
188,076 |
19,048,447 |
|
|
194,328,433 |
Chemicals
— 2.0% | ||
Nutrien
Ltd. (a) |
1,755,264 |
121,767,918 |
Commercial
Services & Supplies — 2.9% | ||
GFL
Environmental, Inc. |
590,553 |
21,449,691 |
Ritchie
Bros Auctioneers, Inc. (a) |
612,085 |
35,021,463 |
Waste
Connections, Inc. |
867,874 |
120,721,507 |
|
|
177,192,661 |
Construction
& Engineering — 0.9% | ||
WSP
Global, Inc. |
419,945 |
55,423,379 |
Consumer
Staples Distribution & Retail — 4.3% | ||
Alimentation
Couche-Tard, Inc. |
2,590,780 |
129,304,752 |
Empire
Co. Ltd., Class A |
538,954 |
14,471,821 |
George
Weston Ltd. |
218,450 |
29,331,973 |
Loblaw
Cos. Ltd. |
513,940 |
48,338,469 |
Metro,
Inc. |
793,885 |
45,247,666 |
|
|
266,694,681 |
Containers
& Packaging — 0.4% | ||
CCL
Industries, Inc., Class B |
490,634 |
23,071,404 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Diversified
Telecommunication Services — 1.3% | ||
BCE,
Inc. |
1,015,430 |
48,805,994 |
TELUS
Corp. |
1,588,505 |
33,673,000 |
|
|
82,478,994 |
Electric
Utilities — 2.3% | ||
Emera,
Inc. (a) |
910,876 |
38,758,535 |
Fortis,
Inc. (a) |
1,620,709 |
71,163,582 |
Hydro
One Ltd. (b) |
1,070,730 |
31,358,871 |
|
|
141,280,988 |
Financial
Services — 0.1% | ||
Nuvei
Corp. *
(b) |
216,568 |
8,794,753 |
Food
Products — 0.4% | ||
Saputo,
Inc. |
822,024 |
21,283,981 |
Gas
Utilities — 0.3% | ||
AltaGas
Ltd. |
949,932 |
16,616,886 |
Ground
Transportation — 8.4% | ||
Canadian
National Railway Co. |
2,048,899 |
244,231,604 |
Canadian
Pacific Kansas City Ltd. |
3,138,528 |
247,403,617 |
TFI
International, Inc. |
262,662 |
28,308,599 |
|
|
519,943,820 |
Health
Care Equipment & Supplies — 0.0% ^ | ||
Bausch
+ Lomb Corp. * |
129,909 |
2,267,666 |
Hotels,
Restaurants & Leisure — 1.2% | ||
Restaurant
Brands International, Inc. |
1,032,218 |
72,362,303 |
Independent
Power and Renewable Electricity Producers — 0.2% | ||
Brookfield
Renewable Corp. |
430,045 |
14,369,220 |
Insurance
— 7.5% | ||
Fairfax
Financial Holdings Ltd. |
76,587 |
53,520,738 |
Great-West
Lifeco, Inc. |
911,931 |
25,927,285 |
iA
Financial Corp., Inc. |
351,588 |
23,591,442 |
Intact
Financial Corp. |
591,370 |
89,452,979 |
Manulife
Financial Corp. |
6,270,096 |
123,796,042 |
Power
Corp. of Canada |
1,900,593 |
50,907,864 |
Sun
Life Financial, Inc. (a) |
1,978,478 |
97,051,074 |
|
|
464,247,424 |
IT
Services — 4.3% | ||
CGI,
Inc. * |
714,381 |
72,505,836 |
Shopify,
Inc., Class A * |
4,034,655 |
195,471,642 |
|
|
267,977,478 |
Media
— 0.2% | ||
Quebecor,
Inc., Class B |
519,483 |
13,408,363 |
54
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Metals
& Mining — 8.9% | ||
Agnico
Eagle Mines Ltd. |
1,660,402 |
94,193,821 |
Barrick
Gold Corp. |
5,943,964 |
113,013,627 |
First
Quantum Minerals Ltd. |
1,892,749 |
45,989,812 |
Franco-Nevada
Corp. |
646,738 |
98,133,666 |
Ivanhoe
Mines Ltd., Class A *
(a) |
1,929,683 |
16,735,266 |
Kinross
Gold Corp. |
4,123,039 |
20,784,852 |
Lundin
Mining Corp. |
2,262,642 |
17,284,825 |
Teck
Resources Ltd., Class B |
1,519,450 |
70,777,200 |
Wheaton
Precious Metals Corp. |
1,525,062 |
75,248,474 |
|
|
552,161,543 |
Multi-Utilities
— 0.5% | ||
Algonquin
Power & Utilities Corp. (a) |
2,308,800 |
19,631,233 |
Canadian
Utilities Ltd., Class A (a) |
407,662 |
11,785,895 |
|
|
31,417,128 |
Oil,
Gas & Consumable Fuels — 17.6% | ||
ARC
Resources Ltd. (a) |
2,093,104 |
26,000,620 |
Cameco
Corp. |
1,460,124 |
40,144,384 |
Canadian
Natural Resources Ltd. |
3,736,389 |
227,682,973 |
Cenovus
Energy, Inc. |
4,661,747 |
78,243,442 |
Enbridge,
Inc. (a) |
6,832,667 |
271,672,710 |
Imperial
Oil Ltd. |
591,333 |
30,141,681 |
Keyera
Corp. (a) |
773,235 |
18,194,436 |
Pembina
Pipeline Corp. |
1,861,147 |
61,266,676 |
Suncor
Energy, Inc. (a) |
4,553,454 |
142,567,457 |
TC
Energy Corp. |
3,434,614 |
142,748,728 |
Tourmaline
Oil Corp. |
1,074,259 |
48,263,753 |
|
|
1,086,926,860 |
Paper
& Forest Products — 0.2% | ||
West
Fraser Timber Co. Ltd. |
200,197 |
14,480,796 |
Passenger
Airlines — 0.3% | ||
Air
Canada * |
1,136,754 |
15,907,928 |
Professional
Services — 1.1% | ||
Thomson
Reuters Corp. *
(a) |
534,031 |
70,223,983 |
Real
Estate Management & Development — 0.3% | ||
FirstService
Corp. |
131,259 |
19,744,314 |
Residential
REITs — 0.2% | ||
Canadian
Apartment Properties (a) |
280,095 |
10,260,261 |
Retail
REITs — 0.1% | ||
RioCan (a) |
495,794 |
7,677,424 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Software
— 2.7% | ||
Constellation
Software, Inc. |
66,503 |
130,164,952 |
Open
Text Corp. |
912,627 |
34,562,418 |
|
|
164,727,370 |
Textiles,
Apparel & Luxury Goods — 0.3% | ||
Gildan
Activewear, Inc. |
605,892 |
19,730,564 |
Trading
Companies & Distributors — 0.2% | ||
Finning
International, Inc. |
509,384 |
13,200,334 |
Wireless
Telecommunication Services — 1.0% | ||
Rogers
Communications, Inc., Class B |
1,182,550 |
58,427,056 |
Total
Common Stocks
(Cost
$5,256,236,889) |
|
6,148,680,321 |
Short-Term
Investments — 7.2% | ||
Investment
of Cash Collateral from Securities Loaned — 7.2% | ||
JPMorgan
Securities Lending Money Market
Fund
Agency SL Class Shares, 5.01% (c)
(d) |
207,568,050 |
207,588,807 |
JPMorgan
U.S. Government Money Market
Fund
Class IM Shares, 4.78% (c)
(d) |
237,636,480 |
237,636,480 |
Total
Investment of Cash Collateral from
Securities
Loaned
(Cost
$445,246,044) |
|
445,225,287 |
Total
Investments — 106.7%
(Cost
$5,701,482,933) |
|
6,593,905,608 |
Liabilities
in Excess of Other Assets —
(6.7)% |
|
(412,986,531
) |
NET
ASSETS — 100.0% |
|
6,180,919,077 |
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
April
30, 2023. The total value of securities on loan at
April
30, 2023 is $426,409,614. |
|
(b) |
Security
exempt from registration pursuant to
Regulation
S under the Securities Act of 1933, as
amended.
Regulation S applies to securities offerings
that
are made outside of the United States and do not
involve
direct selling efforts in the United States and
as
such may have restrictions on resale. |
|
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
55
|
(c) |
Investment
in an affiliated fund, which is registered
under
the Investment Company Act of 1940, as
amended,
and is advised by J.P. Morgan Investment
Management
Inc. |
|
(d) |
The
rate shown is the current yield as of April 30,
2023. |
|
DESCRIPTION |
NUMBER
OF
CONTRACTS |
EXPIRATION
DATE |
TRADING
CURRENCY |
NOTIONAL
AMOUNT
($) |
VALUE
AND
UNREALIZED
APPRECIATION
(DEPRECIATION)
($) |
Long
Contracts |
|
|
|
|
|
S&P
/ TSX 60 Index |
167 |
06/15/2023 |
CAD |
30,783,172 |
1,256,334 |
Abbreviations |
|
CAD |
Canadian
Dollar |
TSX |
Toronto
Stock Exchange |
56
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — 99.2% | ||
Australia
— 57.7% | ||
Ampol
Ltd. |
570,057 |
11,374,192 |
ANZ
Group Holdings Ltd. |
7,184,554 |
116,664,565 |
APA
Group |
2,822,503 |
19,270,459 |
Aristocrat
Leisure Ltd. |
1,572,616 |
39,780,066 |
ASX
Ltd. |
463,112 |
21,076,010 |
Atlas
Arteria Ltd. |
2,915,335 |
12,675,379 |
Aurizon
Holdings Ltd. |
4,403,271 |
10,011,497 |
Bendigo
& Adelaide Bank Ltd. |
1,358,932 |
7,823,707 |
BHP
Group Ltd. |
12,118,287 |
359,640,459 |
BlueScope
Steel Ltd. |
1,109,944 |
14,753,064 |
Brambles
Ltd. |
3,322,157 |
31,470,227 |
Challenger
Ltd. |
1,406,999 |
5,661,804 |
Cochlear
Ltd. |
157,362 |
25,802,276 |
Coles
Group Ltd. |
3,201,657 |
38,676,583 |
Commonwealth
Bank of Australia |
4,038,967 |
267,283,084 |
Computershare
Ltd. |
1,372,008 |
20,423,457 |
Dexus,
REIT |
2,572,930 |
13,335,462 |
Domino's
Pizza Enterprises Ltd. |
155,576 |
5,236,618 |
Endeavour
Group Ltd. |
3,256,085 |
14,675,835 |
Fortescue
Metals Group Ltd. |
4,050,968 |
56,679,647 |
Goodman
Group, REIT |
4,093,540 |
52,772,421 |
GPT
Group (The), REIT |
4,582,379 |
13,474,600 |
Harvey
Norman Holdings Ltd. |
1,549,941 |
3,722,351 |
IDP
Education Ltd. |
499,370 |
9,381,552 |
IGO
Ltd. |
1,612,245 |
14,846,980 |
Incitec
Pivot Ltd. |
4,646,126 |
9,899,112 |
Insurance
Australia Group Ltd. |
5,860,590 |
19,416,655 |
LendLease
Corp. Ltd. |
1,648,676 |
8,187,966 |
Lottery
Corp. Ltd. (The) |
5,324,418 |
17,852,695 |
Macquarie
Group Ltd. |
869,045 |
106,016,388 |
Medibank
Pvt Ltd. |
6,588,033 |
15,590,979 |
Mineral
Resources Ltd. |
408,205 |
20,137,016 |
Mirvac
Group, REIT |
9,439,153 |
15,153,873 |
National
Australia Bank Ltd. |
7,513,874 |
144,650,790 |
Newcrest
Mining Ltd. |
2,137,900 |
40,822,924 |
Northern
Star Resources Ltd. |
2,750,860 |
24,537,160 |
Orica
Ltd. |
1,086,379 |
11,726,181 |
Origin
Energy Ltd. |
4,121,099 |
22,849,506 |
Pilbara
Minerals Ltd. |
6,239,328 |
17,758,443 |
Qantas
Airways Ltd. * |
2,129,649 |
9,391,640 |
QBE
Insurance Group Ltd. |
3,551,666 |
36,318,619 |
Ramsay
Health Care Ltd. |
443,495 |
19,070,844 |
REA
Group Ltd. |
123,258 |
11,592,226 |
Reece
Ltd. (a) |
509,950 |
6,212,014 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Australia
— continued | ||
Rio
Tinto Ltd. |
888,010 |
66,604,899 |
Santos
Ltd. |
7,925,963 |
37,546,054 |
Scentre
Group, REIT |
12,416,249 |
23,827,966 |
SEEK
Ltd. |
848,549 |
13,845,183 |
Seven
Group Holdings Ltd. |
373,662 |
5,902,197 |
Sonic
Healthcare Ltd. |
1,150,580 |
27,122,568 |
South32
Ltd. |
10,937,183 |
30,916,709 |
Stockland,
REIT |
5,710,512 |
16,928,118 |
Suncorp
Group Ltd. |
3,023,880 |
25,176,918 |
Telstra
Group Ltd. |
9,674,040 |
28,066,493 |
TPG
Telecom Ltd. |
1,023,006 |
3,651,631 |
Transurban
Group |
7,356,028 |
73,363,867 |
Treasury
Wine Estates Ltd. |
1,726,781 |
15,995,347 |
Vicinity
Ltd., REIT |
9,256,329 |
12,940,072 |
Washington
H Soul Pattinson & Co. Ltd. |
587,177 |
12,291,648 |
Wesfarmers
Ltd. |
2,713,946 |
93,884,671 |
Westpac
Banking Corp. |
8,394,297 |
125,655,756 |
WiseTech
Global Ltd. |
416,911 |
19,096,908 |
Woodside
Energy Group Ltd. |
4,542,125 |
103,062,324 |
Woolworths
Group Ltd. |
2,910,016 |
75,069,219 |
Worley
Ltd. |
891,783 |
8,960,165 |
|
|
2,563,606,039 |
China
— 2.3% | ||
Budweiser
Brewing Co. APAC Ltd. (b) |
4,118,500 |
11,899,214 |
ESR
Group Ltd. (b) |
5,808,600 |
9,079,687 |
Wharf
Holdings Ltd. (The) |
2,925,000 |
6,684,948 |
Wilmar
International Ltd. |
7,466,700 |
22,054,524 |
Wuxi
Biologics Cayman, Inc. *
(b) |
8,496,500 |
50,663,264 |
|
|
100,381,637 |
Hong
Kong — 19.0% | ||
AIA
Group Ltd. |
27,960,000 |
304,402,637 |
CK
Asset Holdings Ltd. |
4,642,500 |
27,451,692 |
CK
Infrastructure Holdings Ltd. |
1,447,000 |
8,238,332 |
CLP
Holdings Ltd. |
3,988,500 |
29,697,283 |
DFI
Retail Group Holdings Ltd. |
712,000 |
2,142,887 |
Hang
Lung Properties Ltd. |
4,412,000 |
8,064,814 |
Hang
Seng Bank Ltd. |
1,738,000 |
25,762,119 |
Henderson
Land Development Co. Ltd. |
3,127,700 |
11,136,882 |
HK
Electric Investments & HK Electric
Investments
Ltd. (b) |
5,495,500 |
3,465,574 |
HKT
Trust & HKT Ltd. |
8,704,000 |
11,439,430 |
Hong
Kong & China Gas Co. Ltd. |
25,888,789 |
22,987,466 |
Hong
Kong Exchanges & Clearing Ltd. |
2,850,900 |
118,360,529 |
Jardine
Matheson Holdings Ltd. |
581,500 |
28,110,745 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
57
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Hong
Kong — continued | ||
Link,
REIT |
6,049,800 |
39,571,085 |
MTR
Corp. Ltd. |
3,709,000 |
18,532,111 |
New
World Development Co. Ltd. |
3,311,250 |
8,830,698 |
Power
Assets Holdings Ltd. |
3,263,000 |
18,645,761 |
Sino
Land Co. Ltd. |
8,098,000 |
10,912,636 |
Sun
Hung Kai Properties Ltd. |
3,604,500 |
50,186,512 |
Swire
Pacific Ltd., Class A |
1,056,000 |
8,382,665 |
Swire
Pacific Ltd., Class B |
2,037,500 |
2,586,837 |
Swire
Properties Ltd. |
2,519,000 |
6,770,405 |
Techtronic
Industries Co. Ltd. |
4,389,000 |
47,482,350 |
WH
Group Ltd. (b) |
18,722,191 |
10,423,370 |
Wharf
Real Estate Investment Co. Ltd. |
3,704,000 |
21,359,923 |
|
|
844,944,743 |
Macau
— 1.2% | ||
Galaxy
Entertainment Group Ltd. * |
4,808,000 |
34,219,959 |
Sands
China Ltd. * |
5,808,179 |
20,801,528 |
|
|
55,021,487 |
New
Zealand — 1.8% | ||
Auckland
International Airport Ltd. * |
2,889,051 |
15,818,587 |
Contact
Energy Ltd. |
1,873,682 |
9,087,437 |
Fisher
& Paykel Healthcare Corp. Ltd. |
1,385,555 |
23,766,306 |
Mercury
NZ Ltd. |
1,558,315 |
6,120,941 |
Meridian
Energy Ltd. |
2,902,054 |
9,828,359 |
Spark
New Zealand Ltd. |
4,480,919 |
14,518,866 |
|
|
79,140,496 |
Singapore
— 10.5% | ||
CapitaLand
Ascendas, REIT |
8,039,428 |
17,300,246 |
CapitaLand
Ascott Trust, REIT |
334,797 |
271,823 |
CapitaLand
Integrated Commercial Trust,
REIT |
12,045,032 |
18,392,025 |
Capitaland
Investment Ltd. |
5,872,300 |
16,437,881 |
City
Developments Ltd. |
1,214,900 |
6,355,495 |
DBS
Group Holdings Ltd. |
4,379,700 |
108,222,228 |
Genting
Singapore Ltd. |
13,597,500 |
11,567,747 |
Great
Eastern Holdings Ltd. |
135,900 |
1,736,390 |
Jardine
Cycle & Carriage Ltd. |
236,300 |
6,018,264 |
Keppel
Corp. Ltd. |
3,331,300 |
15,468,511 |
Mapletree
Pan Asia Commercial Trust, REIT |
5,511,300 |
7,300,543 |
Olam
Group Ltd. |
2,571,600 |
3,103,931 |
Oversea-Chinese
Banking Corp. Ltd. |
9,686,300 |
91,641,034 |
Singapore
Airlines Ltd. |
3,123,400 |
13,737,612 |
Singapore
Exchange Ltd. |
1,968,500 |
14,166,560 |
Singapore
Technologies Engineering Ltd. |
3,722,700 |
10,134,401 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Singapore
— continued | ||
Singapore
Telecommunications Ltd. |
16,976,500 |
32,532,958 |
United
Overseas Bank Ltd. |
3,685,600 |
78,274,623 |
UOL
Group Ltd. |
1,111,300 |
5,797,513 |
Venture
Corp. Ltd. |
647,500 |
8,272,306 |
|
|
466,732,091 |
United
Kingdom — 1.0% | ||
CK
Hutchison Holdings Ltd. |
6,413,500 |
42,877,010 |
United
States — 5.7% | ||
CSL
Ltd. |
1,153,540 |
230,289,005 |
James
Hardie Industries plc, CHDI |
1,062,751 |
23,715,410 |
|
|
254,004,415 |
Total
Common Stocks
(Cost
$4,492,483,279) |
|
4,406,707,918 |
Short-Term
Investments — 0.0% ^ | ||
Investment
of Cash Collateral from Securities Loaned — 0.0%
^ | ||
JPMorgan
U.S. Government Money Market
Fund
Class IM Shares, 4.78% (c)
(d)(Cost
$69,050) |
69,050 |
69,050 |
Total
Investments — 99.2%
(Cost
$4,492,552,329) |
|
4,406,776,968 |
Other
Assets Less Liabilities — 0.8% |
|
35,418,827 |
NET
ASSETS — 100.0% |
|
4,442,195,795 |
Percentages
indicated are based on net
assets. |
Abbreviations |
|
APAC |
Asia
Pacific |
CHDI |
Clearing
House Electronic Subregister System (CHESS) Depository
Interest |
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
April
30, 2023. The total value of securities on loan at
April
30, 2023 is $66,231. |
|
(b) |
Security
exempt from registration pursuant to
Regulation
S under the Securities Act of 1933, as
amended.
Regulation S applies to securities offerings
that
are made outside of the United States and do not
involve
direct selling efforts in the United States and
as
such may have restrictions on resale. |
|
58
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
(c) |
Investment
in an affiliated fund, which is registered
under
the Investment Company Act of 1940, as
amended,
and is advised by J.P. Morgan Investment
Management
Inc. |
|
(d) |
The
rate shown is the current yield as of April 30,
2023. |
|
INDUSTRY |
PERCENT
OF
TOTAL
INVESTMENTS |
Banks |
21.9
% |
Metals
& Mining |
14.7 |
Insurance |
9.1 |
Capital
Markets |
5.9 |
Biotechnology |
5.2 |
Real
Estate Management & Development |
4.7 |
Oil,
Gas & Consumable Fuels |
3.7 |
Consumer
Staples Distribution & Retail |
3.0 |
Hotels,
Restaurants & Leisure |
3.0 |
Retail
REITs |
2.3 |
Transportation
Infrastructure |
2.3 |
Electric
Utilities |
2.2 |
Broadline
Retail |
2.2 |
Industrial
Conglomerates |
2.1 |
Diversified
Telecommunication Services |
2.1 |
Industrial
REITs |
1.6 |
Life
Sciences Tools & Services |
1.2 |
Health
Care Equipment & Supplies |
1.1 |
Machinery |
1.1 |
Health
Care Providers & Services |
1.1 |
Diversified
REITs |
1.0 |
Gas
Utilities |
1.0 |
Others
(each less than 1.0%) |
7.5 |
Short-Term
Investments |
0.0
(a) |
| |
(a) |
Amount
rounds to less than
0.1%. |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
59
|
DESCRIPTION |
NUMBER
OF
CONTRACTS |
EXPIRATION
DATE |
TRADING
CURRENCY |
NOTIONAL
AMOUNT
($) |
VALUE
AND
UNREALIZED
APPRECIATION
(DEPRECIATION)
($) |
Long
Contracts |
|
|
|
|
|
MSCI
Singapore Index |
549 |
05/30/2023 |
SGD |
12,423,318 |
(78,604
) |
SPI
200 Index |
183 |
06/15/2023 |
AUD |
22,314,063 |
895,656 |
|
|
|
|
|
817,052 |
Abbreviations |
|
AUD |
Australian
Dollar |
MSCI |
Morgan
Stanley Capital International |
SGD |
Singapore
Dollar |
SPI |
Australian
Securities Exchange |
60
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — 99.2% | ||
Australia
— 1.6% | ||
Flutter
Entertainment plc * |
137,741 |
27,523,074 |
Glencore
plc |
10,883,022 |
64,238,488 |
Rio
Tinto plc |
953,700 |
60,628,995 |
|
|
152,390,557 |
Austria
— 0.4% | ||
ANDRITZ
AG |
64,508 |
4,189,523 |
BAWAG
Group AG (a) |
74,162 |
3,617,178 |
Erste
Group Bank AG |
320,681 |
11,659,711 |
EVN
AG * |
33,957 |
818,377 |
Mondi
plc |
436,482 |
6,955,484 |
OMV
AG |
129,447 |
6,125,782 |
Raiffeisen
Bank International AG * |
121,235 |
1,862,375 |
Strabag
SE |
10,145 |
442,407 |
Telekom
Austria AG * |
125,111 |
976,047 |
Verbund
AG |
29,076 |
2,589,525 |
Vienna
Insurance Group AG Wiener
Versicherung
Gruppe |
32,133 |
945,450 |
voestalpine
AG |
99,513 |
3,450,288 |
|
|
43,632,147 |
Belgium
— 1.5% | ||
Ackermans
& van Haaren NV * |
20,175 |
3,548,687 |
Ageas
SA |
160,323 |
7,143,283 |
Anheuser-Busch
InBev SA |
890,122 |
57,875,242 |
Azelis
Group NV * |
63,064 |
1,496,161 |
D'ieteren
Group |
20,383 |
3,837,892 |
Elia
Group SA/NV |
32,382 |
4,440,222 |
Etablissements
Franz Colruyt NV |
50,622 |
1,406,162 |
Groupe
Bruxelles Lambert NV |
90,775 |
8,147,183 |
KBC
Group NV |
303,757 |
21,715,108 |
Proximus
SADP |
139,777 |
1,191,541 |
Sofina
SA |
14,163 |
3,251,721 |
Solvay
SA |
65,671 |
7,881,744 |
UCB
SA (b) |
113,652 |
10,564,813 |
Umicore
SA (b) |
186,058 |
6,107,449 |
Warehouses
De Pauw CVA, REIT |
139,358 |
4,167,039 |
|
|
142,774,247 |
Brazil
— 0.1% | ||
Yara
International ASA |
146,549 |
5,901,359 |
Chile
— 0.1% | ||
Antofagasta
plc |
310,178 |
5,705,104 |
China
— 0.8% | ||
Prosus
NV |
1,044,758 |
78,182,932 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Denmark
— 4.5% | ||
AP
Moller - Maersk A/S, Class A |
2,694 |
4,814,698 |
AP
Moller - Maersk A/S, Class B |
4,968 |
8,979,922 |
Carlsberg
A/S, Class B |
88,477 |
14,642,659 |
Chr
Hansen Holding A/S |
92,451 |
7,195,414 |
Coloplast
A/S, Class B |
106,794 |
15,386,978 |
Danske
Bank A/S * |
612,289 |
12,940,596 |
Demant
A/S * |
86,980 |
3,727,613 |
DSV
A/S |
161,431 |
30,381,695 |
Genmab
A/S * |
59,296 |
24,368,564 |
Novo
Nordisk A/S, Class B |
1,472,468 |
244,951,677 |
Novozymes
A/S, Class B |
187,946 |
9,784,980 |
Orsted
A/S (a) |
170,053 |
15,262,277 |
Pandora
A/S |
85,848 |
7,946,250 |
Tryg
A/S |
323,671 |
7,649,311 |
Vestas
Wind Systems A/S * |
907,805 |
25,119,505 |
|
|
433,152,139 |
Finland
— 1.9% | ||
Elisa
OYJ |
135,381 |
8,407,334 |
Fortum
OYJ |
395,226 |
5,903,090 |
Huhtamaki
OYJ |
86,214 |
3,107,673 |
Kesko
OYJ, Class A |
84,448 |
1,752,352 |
Kesko
OYJ, Class B |
245,528 |
5,118,731 |
Kone
OYJ, Class B |
362,574 |
20,685,114 |
Metso
Outotec OYJ |
633,415 |
6,993,361 |
Neste
OYJ |
387,225 |
18,766,628 |
Nokia
OYJ |
4,809,927 |
20,351,528 |
Nordea
Bank Abp |
2,881,339 |
32,009,568 |
Orion
OYJ, Class A |
26,616 |
1,248,377 |
Orion
OYJ, Class B |
96,278 |
4,522,477 |
Sampo
OYJ, Class A |
431,700 |
21,893,641 |
Stora
Enso OYJ, Class A |
45,944 |
612,571 |
Stora
Enso OYJ, Class R |
550,498 |
6,984,087 |
UPM-Kymmene
OYJ |
479,795 |
15,300,861 |
Wartsila
OYJ Abp |
436,178 |
5,058,413 |
|
|
178,715,806 |
France
— 15.6% | ||
Adevinta
ASA * |
241,012 |
1,856,505 |
Aeroports
de Paris * |
24,909 |
3,958,190 |
Air
Liquide SA |
470,558 |
84,648,789 |
Airbus
SE |
552,666 |
77,392,377 |
Alstom
SA |
277,319 |
6,970,295 |
Amundi
SA (a)
(b) |
54,977 |
3,601,811 |
AXA
SA (b) |
1,796,980 |
58,653,735 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
61
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
France
— continued | ||
BioMerieux |
43,624 |
4,567,666 |
BNP
Paribas SA |
1,020,820 |
65,958,641 |
Bollore
SE (b) |
822,186 |
5,554,168 |
Bouygues
SA (b) |
185,152 |
6,780,123 |
Bureau
Veritas SA |
260,233 |
7,503,844 |
Capgemini
SE |
141,996 |
25,894,010 |
Carrefour
SA |
527,050 |
10,962,959 |
Cie
de Saint-Gobain |
463,633 |
26,841,901 |
Cie
Generale des Etablissements Michelin
SCA |
641,946 |
20,444,436 |
Credit
Agricole SA |
1,230,782 |
15,044,494 |
Danone
SA (b) |
571,084 |
37,796,429 |
Dassault
Aviation SA |
21,015 |
4,106,705 |
Dassault
Systemes SE |
623,137 |
25,296,640 |
Edenred |
224,364 |
14,577,749 |
Eiffage
SA |
70,477 |
8,388,444 |
Engie
SA (b) |
1,663,767 |
26,627,404 |
EssilorLuxottica
SA |
273,636 |
54,174,464 |
Gecina
SA, REIT |
48,904 |
5,444,124 |
Getlink
SE |
360,923 |
6,745,377 |
Hermes
International |
31,317 |
67,991,590 |
Ipsen
SA |
36,165 |
4,385,556 |
Kering
SA |
64,689 |
41,424,702 |
Legrand
SA |
239,853 |
22,703,040 |
L'Oreal
SA (b) |
226,117 |
108,065,199 |
LVMH
Moet Hennessy Louis Vuitton SE |
234,681 |
225,735,275 |
Orange
SA |
1,697,769 |
22,098,022 |
Pernod
Ricard SA |
183,184 |
42,306,197 |
Publicis
Groupe SA |
212,608 |
17,382,212 |
Safran
SA |
314,928 |
48,977,530 |
Sartorius
Stedim Biotech |
21,545 |
5,771,875 |
Societe
Generale SA |
675,672 |
16,410,904 |
Sodexo
SA * |
75,555 |
8,097,078 |
Teleperformance (b) |
53,146 |
10,621,524 |
Thales
SA |
95,922 |
14,638,025 |
TotalEnergies
SE |
2,104,273 |
134,462,926 |
Unibail-Rodamco-Westfield,
REIT * |
96,047 |
5,150,618 |
Veolia
Environnement SA |
603,816 |
19,119,801 |
Vinci
SA |
476,840 |
58,980,907 |
Vivendi
SE (b) |
723,733 |
7,949,813 |
Worldline
SA *
(a) |
225,153 |
9,794,763 |
|
|
1,501,858,837 |
Germany
— 12.0% | ||
adidas
AG |
160,598 |
28,282,263 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Germany
— continued | ||
Allianz
SE (Registered) |
362,554 |
91,039,796 |
BASF
SE |
825,655 |
42,706,291 |
Bayer
AG (Registered) |
883,137 |
58,283,748 |
Bayerische
Motoren Werke AG |
286,812 |
32,147,164 |
Bayerische
Motoren Werke AG (Preference) |
53,400 |
5,676,142 |
Beiersdorf
AG |
88,348 |
12,335,978 |
Brenntag
SE |
138,886 |
11,319,857 |
Carl
Zeiss Meditec AG |
32,965 |
4,433,870 |
Commerzbank
AG * |
945,664 |
10,509,271 |
Continental
AG |
97,088 |
6,812,392 |
Covestro
AG *
(a) |
173,675 |
7,619,199 |
Daimler
Truck Holding AG * |
466,063 |
15,400,108 |
Deutsche
Bank AG (Registered) |
1,857,899 |
20,423,294 |
Deutsche
Boerse AG |
170,798 |
32,572,656 |
Deutsche
Lufthansa AG (Registered) * |
537,333 |
5,776,288 |
Deutsche
Post AG (Registered) |
891,069 |
42,860,061 |
Deutsche
Telekom AG (Registered) |
3,137,759 |
75,656,911 |
Deutsche
Wohnen SE |
46,779 |
1,059,194 |
E.ON
SE |
2,018,222 |
26,696,520 |
Evonik
Industries AG |
184,318 |
4,023,013 |
Fresenius
SE & Co. KGaA |
369,610 |
10,709,073 |
GEA
Group AG |
147,648 |
6,944,310 |
Hannover
Rueck SE |
54,205 |
11,581,390 |
HeidelbergCement
AG |
130,183 |
9,860,265 |
Henkel
AG & Co. KGaA |
88,745 |
6,563,070 |
Henkel
AG & Co. KGaA (Preference) |
160,157 |
12,948,459 |
Infineon
Technologies AG |
1,173,941 |
42,751,146 |
Mercedes-Benz
Group AG |
702,053 |
54,750,327 |
Merck
KGaA |
116,180 |
20,839,063 |
MTU
Aero Engines AG |
48,058 |
12,618,567 |
Muenchener
Rueckversicherungs-
Gesellschaft
AG (Registered) |
125,940 |
47,331,717 |
Porsche
Automobil Holding SE
(Preference) * |
137,650 |
7,666,723 |
Puma
SE |
92,193 |
5,402,330 |
RWE
AG |
607,879 |
28,501,174 |
SAP
SE |
982,869 |
132,998,098 |
Sartorius
AG (Preference) (b) |
24,232 |
9,418,716 |
Siemens
AG (Registered) |
672,405 |
110,834,023 |
Siemens
Energy AG * |
359,264 |
8,817,811 |
Siemens
Healthineers AG (a) |
253,500 |
15,799,552 |
Symrise
AG |
119,364 |
14,421,861 |
Talanx
AG |
47,827 |
2,405,497 |
Telefonica
Deutschland Holding AG |
828,921 |
2,800,903 |
Vantage
Towers AG |
49,881 |
1,788,263 |
62
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Germany
— continued | ||
Volkswagen
AG (Preference) |
164,975 |
22,527,300 |
Vonovia
SE |
715,419 |
15,516,376 |
Zalando
SE *
(a) |
201,364 |
8,281,996 |
|
|
1,159,712,026 |
Hong
Kong — 0.4% | ||
Prudential
plc |
2,471,461 |
37,815,925 |
Ireland
— 0.7% | ||
CRH
plc |
669,062 |
32,284,902 |
Kerry
Group plc, Class A |
140,010 |
14,746,502 |
Kingspan
Group plc |
138,840 |
9,621,576 |
Smurfit
Kappa Group plc |
232,855 |
8,627,076 |
|
|
65,280,056 |
Italy
— 3.5% | ||
A2A
SpA |
1,408,142 |
2,484,506 |
Amplifon
SpA |
83,439 |
3,063,036 |
Assicurazioni
Generali SpA |
1,084,112 |
22,580,021 |
Banca
Mediolanum SpA |
193,670 |
1,751,036 |
Banco
BPM SpA |
1,362,053 |
5,538,217 |
Buzzi
Unicem SpA |
84,848 |
2,109,817 |
Coca-Cola
HBC AG |
183,187 |
5,592,091 |
Davide
Campari-Milano NV |
480,334 |
6,190,291 |
DiaSorin
SpA |
23,638 |
2,567,388 |
Enel
SpA |
6,945,795 |
47,454,473 |
Eni
SpA |
2,247,380 |
33,952,095 |
Ferrari
NV |
115,054 |
32,059,594 |
FinecoBank
Banca Fineco SpA |
548,459 |
8,313,374 |
Hera
SpA |
709,671 |
2,209,388 |
Infrastrutture
Wireless Italiane SpA (a) |
319,369 |
4,432,690 |
Intesa
Sanpaolo SpA |
15,362,763 |
40,394,715 |
Leonardo
SpA |
363,804 |
4,335,415 |
Mediobanca
Banca di Credito Finanziario
SpA |
572,550 |
6,148,719 |
Moncler
SpA |
187,624 |
13,918,169 |
Nexi
SpA *
(a) |
766,403 |
6,354,853 |
Pirelli
& C SpA (a) |
359,575 |
1,883,465 |
Poste
Italiane SpA (a) |
410,936 |
4,276,586 |
Prysmian
SpA |
241,045 |
9,864,916 |
Recordati
Industria Chimica e Farmaceutica
SpA |
90,235 |
4,153,735 |
Snam
SpA |
1,842,932 |
10,242,418 |
Telecom
Italia SpA *
(b) |
9,094,948 |
2,674,950 |
Telecom
Italia SpA * |
5,418,605 |
1,564,815 |
Terna
- Rete Elettrica Nazionale |
1,264,799 |
10,947,774 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Italy
— continued | ||
UniCredit
SpA |
1,739,686 |
34,472,714 |
UnipolSai
Assicurazioni SpA (b) |
380,554 |
1,023,767 |
|
|
332,555,028 |
Jordan
— 0.0% ^ | ||
Hikma
Pharmaceuticals plc |
159,659 |
3,697,825 |
Luxembourg
— 0.2% | ||
ArcelorMittal
SA * |
512,912 |
14,571,650 |
Eurofins
Scientific SE |
116,085 |
8,108,520 |
|
|
22,680,170 |
Mexico
— 0.0% ^ | ||
Fresnillo
plc |
165,605 |
1,482,029 |
Netherlands
— 7.6% | ||
Adyen
NV *
(a) |
27,854 |
44,757,249 |
Aegon
NV |
1,270,484 |
5,796,873 |
Akzo
Nobel NV (b) |
156,752 |
13,003,868 |
Argenx
SE * |
46,789 |
18,048,773 |
Argenx
SE * |
3,087 |
1,203,474 |
ASM
International NV |
41,700 |
15,139,160 |
ASML
Holding NV |
362,396 |
229,981,103 |
HAL
Trust |
79,645 |
10,933,563 |
Heineken
Holding NV |
98,390 |
9,443,592 |
Heineken
NV (b) |
212,294 |
24,376,689 |
ING
Groep NV (b) |
3,349,924 |
41,546,710 |
JDE
Peet's NV |
117,504 |
3,573,583 |
Koninklijke
Ahold Delhaize NV |
893,296 |
30,715,683 |
Koninklijke
KPN NV |
2,867,144 |
10,456,144 |
Koninklijke
Philips NV |
799,438 |
16,877,746 |
NN
Group NV |
265,186 |
9,888,880 |
Randstad
NV |
112,450 |
6,110,056 |
Shell
plc |
6,391,703 |
196,405,354 |
Universal
Music Group NV |
684,698 |
14,958,887 |
Wolters
Kluwer NV |
231,491 |
30,671,088 |
|
|
733,888,475 |
Norway
— 1.0% | ||
Aker
ASA, Class A (b) |
21,379 |
1,306,720 |
Aker
BP ASA |
278,392 |
6,655,188 |
AutoStore
Holdings Ltd. *
(b) (c) |
893,792 |
1,924,909 |
DNB
Bank ASA (b) |
808,335 |
14,218,678 |
Equinor
ASA |
942,001 |
27,121,184 |
Gjensidige
Forsikring ASA |
170,798 |
2,975,258 |
Kongsberg
Gruppen ASA |
79,697 |
3,579,654 |
Leroy
Seafood Group ASA |
251,713 |
1,325,464 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
63
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Norway
— continued | ||
Mowi
ASA |
409,068 |
7,804,728 |
Norsk
Hydro ASA (b) |
1,227,533 |
9,033,495 |
Orkla
ASA |
675,168 |
4,852,963 |
Salmar
ASA (b) |
60,017 |
2,666,466 |
Schibsted
ASA, Class A |
66,671 |
1,183,735 |
Schibsted
ASA, Class B |
89,846 |
1,454,777 |
Storebrand
ASA |
424,276 |
3,273,508 |
Telenor
ASA (b) |
578,691 |
7,220,989 |
TOMRA
Systems ASA |
210,236 |
3,223,821 |
Var
Energi ASA (b) |
358,111 |
939,780 |
|
|
100,761,317 |
Poland
— 0.4% | ||
Allegro.eu
SA *
(a) |
380,036 |
2,995,532 |
Bank
Polska Kasa Opieki SA |
158,082 |
3,657,559 |
Dino
Polska SA *
(a) |
43,185 |
4,404,147 |
ING
Bank Slaski SA * |
29,161 |
1,109,158 |
KGHM
Polska Miedz SA |
122,255 |
3,516,735 |
LPP
SA |
933 |
2,689,551 |
Polski
Koncern Naftowy ORLEN SA * |
480,062 |
7,323,985 |
Powszechna
Kasa Oszczednosci Bank Polski
SA |
775,333 |
5,994,916 |
Powszechny
Zaklad Ubezpieczen SA |
512,325 |
4,719,994 |
Santander
Bank Polska SA |
30,314 |
2,465,702 |
|
|
38,877,279 |
Portugal
— 0.3% | ||
EDP
- Energias de Portugal SA |
2,638,024 |
14,535,513 |
Galp
Energia SGPS SA * |
409,008 |
4,942,329 |
Jeronimo
Martins SGPS SA |
248,906 |
6,281,199 |
|
|
25,759,041 |
Russia
— 0.0% ^ | ||
Evraz
plc ‡
* |
453,755 |
23,346 |
Singapore
— 0.3% | ||
STMicroelectronics
NV |
589,813 |
25,230,478 |
South
Africa — 0.4% | ||
Anglo
American plc |
1,202,398 |
37,050,908 |
South
Korea — 0.1% | ||
Delivery
Hero SE *
(a) |
173,482 |
6,934,280 |
Spain
— 3.8% | ||
Acciona
SA * |
22,191 |
4,111,745 |
ACS
Actividades de Construccion y Servicios
SA |
199,248 |
6,850,621 |
Aena
SME SA *
(a) |
66,072 |
11,127,640 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Spain
— continued | ||
Amadeus
IT Group SA * |
404,970 |
28,463,329 |
Banco
Bilbao Vizcaya Argentaria SA (b) |
5,420,695 |
39,684,844 |
Banco
Santander SA (b) |
15,097,109 |
53,037,326 |
CaixaBank
SA |
3,641,730 |
13,480,252 |
Cellnex
Telecom SA (a) |
533,464 |
22,460,962 |
Corp.
ACCIONA Energias Renovables SA * |
50,316 |
1,806,702 |
EDP
Renovaveis SA * |
189,966 |
4,222,506 |
Endesa
SA |
285,525 |
6,405,103 |
Ferrovial
SA |
444,669 |
13,941,888 |
Grifols
SA * |
264,314 |
2,720,745 |
Grifols
SA (Preference), Class B * |
235,005 |
1,738,658 |
Iberdrola
SA |
5,273,336 |
68,332,422 |
Industria
de Diseno Textil SA (b) |
1,008,602 |
34,672,466 |
Mapfre
SA |
885,864 |
1,774,497 |
Naturgy
Energy Group SA (b) |
165,608 |
5,156,418 |
Red
Electrica Corp. SA |
389,117 |
7,074,667 |
Repsol
SA |
1,193,245 |
17,528,419 |
Telefonica
SA |
5,191,575 |
23,581,115 |
|
|
368,172,325 |
Sweden
— 5.0% | ||
Alfa
Laval AB (b) |
264,155 |
9,691,141 |
Assa
Abloy AB, Class B |
891,518 |
21,241,310 |
Atlas
Copco AB, Class A |
2,293,869 |
33,178,811 |
Atlas
Copco AB, Class B |
1,403,129 |
17,997,663 |
Axfood
AB |
97,464 |
2,418,781 |
Beijer
Ref AB (b) |
296,999 |
4,858,204 |
Boliden
AB *
(b) |
245,869 |
8,786,597 |
Castellum
AB (b) |
257,957 |
3,135,754 |
Electrolux
AB, Class B |
202,626 |
3,056,634 |
Embracer
Group AB * |
750,181 |
3,916,438 |
Epiroc
AB, Class A |
562,790 |
11,274,414 |
Epiroc
AB, Class B |
350,561 |
6,036,007 |
EQT
AB (b) |
298,275 |
6,424,297 |
Essity
AB, Class A |
25,290 |
767,542 |
Essity
AB, Class B |
541,801 |
16,419,437 |
Evolution
AB (a) |
172,100 |
22,994,011 |
Fastighets
AB Balder, Class B *
(b) |
586,083 |
2,728,696 |
Getinge
AB, Class B |
196,481 |
4,986,862 |
H
& M Hennes & Mauritz AB, Class B (b) |
643,396 |
9,432,692 |
Hexagon
AB, Class B |
1,913,016 |
21,903,479 |
Holmen
AB, Class B |
83,278 |
3,150,392 |
Husqvarna
AB, Class B |
373,012 |
3,219,553 |
Industrivarden
AB, Class A |
164,075 |
4,694,702 |
Industrivarden
AB, Class C (b) |
153,858 |
4,393,651 |
64
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Sweden
— continued | ||
Indutrade
AB |
239,077 |
5,740,693 |
Investment
AB Latour, Class B |
122,449 |
2,651,229 |
Investor
AB, Class A |
504,343 |
11,059,152 |
Investor
AB, Class B |
1,637,806 |
35,185,231 |
Kinnevik
AB, Class B * |
218,158 |
3,583,891 |
L
E Lundbergforetagen AB, Class B |
57,388 |
2,753,542 |
Lifco
AB, Class B |
190,500 |
4,344,257 |
Nibe
Industrier AB, Class B |
1,378,362 |
15,433,346 |
Nordnet
AB publ |
146,077 |
2,296,543 |
Saab
AB, Class B |
73,184 |
4,109,230 |
Sagax
AB, Class B |
168,813 |
4,140,775 |
Sagax
AB, Class D |
90,176 |
238,210 |
Sandvik
AB (b) |
981,024 |
19,983,288 |
Securitas
AB, Class B (b) |
451,929 |
4,050,774 |
Skandinaviska
Enskilda Banken AB, Class A |
1,530,089 |
17,398,303 |
Skandinaviska
Enskilda Banken AB, Class C |
12,861 |
164,038 |
Skanska
AB, Class B |
359,791 |
5,884,911 |
SKF
AB, Class A |
12,338 |
223,076 |
SKF
AB, Class B (b) |
336,952 |
6,102,761 |
SSAB
AB, Class A |
199,612 |
1,417,616 |
SSAB
AB, Class B |
567,514 |
3,835,873 |
Svenska
Cellulosa AB SCA, Class A |
27,866 |
380,656 |
Svenska
Cellulosa AB SCA, Class B (b) |
538,903 |
7,393,599 |
Svenska
Handelsbanken AB, Class A (b) |
1,381,103 |
12,208,655 |
Svenska
Handelsbanken AB, Class B (b) |
31,688 |
348,181 |
Swedbank
AB, Class A |
824,258 |
14,322,667 |
Swedish
Orphan Biovitrum AB * |
181,022 |
4,405,259 |
Tele2
AB, Class B |
494,075 |
5,250,122 |
Telefonaktiebolaget
LM Ericsson, Class A |
49,074 |
300,520 |
Telefonaktiebolaget
LM Ericsson, Class B |
2,761,890 |
15,206,127 |
Telia
Co. AB |
2,205,793 |
6,141,305 |
Trelleborg
AB, Class B |
218,057 |
5,479,361 |
Volvo
AB, Class A |
172,007 |
3,642,447 |
Volvo
AB, Class B |
1,427,929 |
29,359,232 |
Volvo
Car AB, Class B *
(b) |
482,113 |
1,990,034 |
|
|
483,731,972 |
Switzerland
— 8.9% | ||
ABB
Ltd. (Registered) |
1,536,578 |
55,429,967 |
Alcon,
Inc. |
449,199 |
32,709,029 |
Baloise
Holding AG (Registered) |
41,171 |
6,891,746 |
Barry
Callebaut AG (Registered) |
3,207 |
6,847,232 |
Chocoladefabriken
Lindt & Spruengli AG |
936 |
11,556,906 |
Chocoladefabriken
Lindt & Spruengli AG
(Registered) |
96 |
11,833,141 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Switzerland
— continued | ||
Cie
Financiere Richemont SA (Registered) |
469,245 |
77,566,607 |
Credit
Suisse Group AG (Registered) * |
3,417,803 |
3,075,498 |
DSM-Firmenich
AG * |
157,122 |
20,561,243 |
EMS-Chemie
Holding AG (Registered) * |
6,097 |
5,007,479 |
Geberit
AG (Registered) |
32,248 |
18,367,241 |
Givaudan
SA (Registered) |
7,139 |
24,971,993 |
Julius
Baer Group Ltd. |
192,194 |
13,771,894 |
Kuehne
+ Nagel International AG
(Registered) (b) |
51,019 |
15,114,692 |
Lonza
Group AG (Registered) |
66,943 |
41,748,350 |
Mediclinic
International plc |
364,505 |
2,284,961 |
Novartis
AG (Registered) |
2,160,794 |
221,036,027 |
Partners
Group Holding AG |
20,401 |
19,803,931 |
Schindler
Holding AG |
36,602 |
8,179,517 |
Schindler
Holding AG (Registered) |
18,692 |
3,993,037 |
SGS
SA (Registered) |
136,435 |
12,346,741 |
Sika
AG (Registered) |
138,198 |
38,173,469 |
Sonova
Holding AG (Registered) |
46,182 |
14,645,529 |
Straumann
Holding AG (Registered) |
104,638 |
15,742,854 |
Swatch
Group AG (The) (b) |
26,012 |
8,923,743 |
Swatch
Group AG (The) (Registered) |
49,399 |
3,116,480 |
Swiss
Life Holding AG (Registered) (b) |
27,711 |
18,290,842 |
Swisscom
AG (Registered) |
22,818 |
15,665,715 |
UBS
Group AG (Registered) * |
3,168,426 |
64,485,601 |
Zurich
Insurance Group AG |
135,254 |
65,591,731 |
|
|
857,733,196 |
United
Arab Emirates — 0.0% ^ | ||
NMC
Health plc ‡
* |
23,176 |
— |
United
Kingdom — 18.0% | ||
3i
Group plc |
874,911 |
19,465,925 |
abrdn
plc |
1,799,575 |
4,822,375 |
Admiral
Group plc |
247,731 |
7,200,082 |
Ashtead
Group plc |
403,901 |
23,287,373 |
Associated
British Foods plc |
320,249 |
7,890,478 |
AstraZeneca
plc |
1,392,893 |
204,982,293 |
Auto
Trader Group plc (a) |
871,078 |
6,965,990 |
Aviva
plc |
2,524,767 |
13,442,720 |
B&M
European Value Retail SA |
765,513 |
4,621,364 |
BAE
Systems plc |
2,746,307 |
34,987,907 |
Barclays
plc |
13,558,455 |
27,312,320 |
Barratt
Developments plc |
902,789 |
5,679,819 |
Berkeley
Group Holdings plc |
100,997 |
5,652,014 |
BP
plc |
16,434,008 |
110,255,682 |
British
American Tobacco plc |
2,009,570 |
74,245,152 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
65
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
United
Kingdom — continued | ||
British
Land Co. plc (The), REIT |
843,174 |
4,248,115 |
BT
Group plc |
6,272,503 |
12,528,019 |
Bunzl
plc |
303,553 |
12,083,558 |
Burberry
Group plc |
363,950 |
11,880,049 |
Centrica
plc |
5,310,427 |
7,630,826 |
CNH
Industrial NV |
895,352 |
12,599,248 |
Coca-Cola
Europacific Partners plc |
180,800 |
11,656,176 |
Compass
Group plc |
1,604,966 |
42,340,544 |
ConvaTec
Group plc (a) |
1,451,477 |
4,012,714 |
Croda
International plc |
128,132 |
11,257,606 |
DCC
plc |
91,093 |
5,667,529 |
Dechra
Pharmaceuticals plc |
102,338 |
4,803,853 |
Diageo
plc |
2,095,792 |
95,601,877 |
Direct
Line Insurance Group plc |
1,178,855 |
2,548,032 |
DS
Smith plc |
1,238,231 |
4,834,379 |
easyJet
plc * |
511,053 |
3,206,282 |
Entain
plc |
529,338 |
9,645,209 |
Halma
plc |
341,277 |
9,925,492 |
Harbour
Energy plc |
488,563 |
1,519,826 |
Hargreaves
Lansdown plc |
315,523 |
3,194,435 |
Hiscox
Ltd. |
318,069 |
4,733,873 |
Howden
Joinery Group plc |
521,936 |
4,499,288 |
HSBC
Holdings plc |
17,949,976 |
129,371,754 |
Imperial
Brands plc |
862,624 |
21,353,480 |
Informa
plc |
1,272,483 |
11,568,243 |
InterContinental
Hotels Group plc |
168,747 |
11,602,486 |
Intermediate
Capital Group plc |
264,386 |
4,341,182 |
Intertek
Group plc |
145,082 |
7,589,849 |
ITV
plc |
3,256,730 |
3,314,762 |
J
Sainsbury plc |
1,580,954 |
5,493,823 |
JD
Sports Fashion plc |
2,225,682 |
4,517,171 |
Johnson
Matthey plc |
178,835 |
4,417,883 |
Kingfisher
plc |
1,756,782 |
5,693,901 |
Land
Securities Group plc, REIT |
675,386 |
5,731,213 |
Legal
& General Group plc |
5,369,606 |
15,843,148 |
Lloyds
Banking Group plc |
60,471,205 |
36,737,576 |
London
Stock Exchange Group plc |
341,242 |
35,828,112 |
M&G
plc |
2,134,716 |
5,517,253 |
Melrose
Industries plc |
1,214,891 |
6,258,017 |
National
Grid plc |
3,484,530 |
49,960,931 |
NatWest
Group plc |
4,547,622 |
14,980,318 |
Next
plc |
116,199 |
9,859,115 |
Ocado
Group plc * |
653,437 |
4,158,703 |
Pearson
plc |
643,416 |
7,158,509 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
United
Kingdom — continued | ||
Pepco
Group NV *
(a) |
108,260 |
1,038,156 |
Persimmon
plc |
287,047 |
4,750,543 |
Phoenix
Group Holdings plc |
764,371 |
5,694,985 |
Reckitt
Benckiser Group plc |
662,099 |
53,504,099 |
RELX
plc |
1,782,062 |
59,375,982 |
Rentokil
Initial plc |
2,265,357 |
18,035,084 |
Rightmove
plc |
787,076 |
5,696,915 |
Rolls-Royce
Holdings plc * |
7,521,985 |
14,409,636 |
Sage
Group plc (The) |
989,540 |
10,205,061 |
Schroders
plc |
826,016 |
5,059,273 |
Segro
plc, REIT |
1,087,138 |
11,445,314 |
Severn
Trent plc |
227,728 |
8,388,038 |
Smith
& Nephew plc |
795,439 |
13,100,693 |
Smiths
Group plc |
317,355 |
6,710,362 |
Spirax-Sarco
Engineering plc |
66,173 |
9,247,016 |
SSE
plc |
942,320 |
21,742,308 |
St.
James's Place plc |
489,243 |
7,440,461 |
Standard
Chartered plc |
2,185,846 |
17,318,748 |
Tate
& Lyle plc |
361,017 |
3,701,813 |
Taylor
Wimpey plc |
3,279,853 |
5,293,249 |
Tesco
plc |
6,656,706 |
23,534,471 |
Unilever
plc |
2,363,525 |
131,606,114 |
United
Utilities Group plc |
612,972 |
8,326,903 |
Vodafone
Group plc |
24,091,199 |
28,936,574 |
Weir
Group plc (The) |
233,377 |
5,401,128 |
Whitbread
plc |
181,073 |
7,411,686 |
Wise
plc, Class A * |
423,715 |
2,933,731 |
WPP
plc |
966,423 |
11,263,099 |
|
|
1,734,097,295 |
United
States — 10.1% | ||
Experian
plc |
871,536 |
30,856,630 |
Ferguson
plc |
185,719 |
26,241,729 |
GSK
plc |
3,602,357 |
64,961,898 |
Haleon
plc |
4,565,715 |
20,074,073 |
Holcim
AG * |
509,387 |
33,656,586 |
Nestle
SA (Registered) |
2,472,077 |
317,141,707 |
QIAGEN
NV * |
207,501 |
9,279,601 |
Roche
Holding AG |
631,560 |
197,766,830 |
Roche
Holding AG |
23,977 |
8,113,852 |
Sanofi |
1,031,405 |
111,152,718 |
Schneider
Electric SE |
513,377 |
89,528,789 |
Stellantis
NV |
1,944,423 |
32,251,324 |
66
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
United
States — continued | ||
Swiss
Re AG |
259,723 |
26,155,122 |
Tenaris
SA |
413,879 |
5,920,652 |
|
|
973,101,511 |
Total
Common Stocks
(Cost
$9,449,758,046) |
|
9,550,897,610 |
Short-Term
Investments — 3.5% | ||
Investment
of Cash Collateral from Securities Loaned — 3.5% | ||
JPMorgan
Securities Lending Money Market
Fund
Agency SL Class Shares, 5.01% (d)
(e) |
299,585,319 |
299,615,278 |
JPMorgan
U.S. Government Money Market
Fund
Class IM Shares, 4.78% (d)
(e) |
41,582,415 |
41,582,415 |
Total
Investment of Cash Collateral from
Securities
Loaned
(Cost
$341,234,279) |
|
341,197,693 |
Total
Investments — 102.7%
(Cost
$9,790,992,325) |
|
9,892,095,303 |
Liabilities
in Excess of Other Assets —
(2.7)% |
|
(262,932,154
) |
NET
ASSETS — 100.0% |
|
9,629,163,149 |
Percentages
indicated are based on net
assets. |
Abbreviations |
|
CVA |
Dutch
Certification |
OYJ |
Public
Limited Company |
Preference |
A
special type of equity investment that shares in the earnings of
the
company, has limited voting rights, and may have a dividend
preference.
Preference shares may also have liquidation
preference. |
REIT |
Real
Estate Investment Trust |
SCA |
Limited
partnership with share capital |
SGPS |
Holding
company |
^ |
Amount
rounds to less than 0.1% of net assets. | |
‡ |
Value
determined using significant unobservable
inputs. |
|
* |
Non-income
producing security.
|
|
(a) |
Security
exempt from registration pursuant to
Regulation
S under the Securities Act of 1933, as
amended.
Regulation S applies to securities offerings
that
are made outside of the United States and do not
involve
direct selling efforts in the United States and
as
such may have restrictions on resale. |
|
(b) |
The
security or a portion of this security is on loan at
April
30, 2023. The total value of securities on loan at
April
30, 2023 is $322,961,901. |
|
(c) |
Securities
exempt from registration under Rule 144A
or
section 4(a)(2), of the Securities Act of 1933, as
amended. |
|
(d) |
Investment
in an affiliated fund, which is registered
under
the Investment Company Act of 1940, as
amended,
and is advised by J.P. Morgan Investment
Management
Inc. |
|
(e) |
The
rate shown is the current yield as of April 30,
2023. |
|
INDUSTRY
April
30, 2023 |
PERCENT
OF
TOTAL
INVESTMENTS |
Pharmaceuticals |
12.0
% |
Banks |
7.4 |
Oil,
Gas & Consumable Fuels |
5.7 |
Insurance |
5.1 |
Textiles,
Apparel & Luxury Goods |
5.0 |
Food
Products |
4.4 |
Semiconductors
& Semiconductor Equipment |
3.2 |
Chemicals |
2.9 |
Personal
Care Products |
2.7 |
Beverages |
2.7 |
Machinery |
2.7 |
Capital
Markets |
2.5 |
Aerospace
& Defense |
2.3 |
Diversified
Telecommunication Services |
2.2 |
Metals
& Mining |
2.2 |
Electrical
Equipment |
2.1 |
Electric
Utilities |
2.1 |
Health
Care Equipment & Supplies |
2.0 |
Automobiles |
1.9 |
Financial
Services |
1.7 |
Software |
1.7 |
Professional
Services |
1.7 |
Hotels,
Restaurants & Leisure |
1.7 |
Multi-Utilities |
1.4 |
Industrial
Conglomerates |
1.3 |
Construction
& Engineering |
1.1 |
Broadline
Retail |
1.0 |
Consumer
Staples Distribution & Retail |
1.0 |
Tobacco |
1.0 |
Others
(each less than 1.0%) |
11.9 |
Short-Term
Investments |
3.4 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
67
|
DESCRIPTION |
NUMBER
OF
CONTRACTS |
EXPIRATION
DATE |
TRADING
CURRENCY |
NOTIONAL
AMOUNT
($) |
VALUE
AND
UNREALIZED
APPRECIATION
(DEPRECIATION)
($) |
Long
Contracts |
|
|
|
|
|
EURO
STOXX 50 Index |
1,088 |
06/16/2023 |
EUR |
51,922,939 |
2,110,529 |
FTSE
100 Index |
272 |
06/16/2023 |
GBP |
26,876,856 |
846,399 |
|
|
|
|
|
2,956,928 |
Abbreviations |
|
EUR |
Euro |
FTSE |
Financial
Times and the London Stock Exchange |
GBP |
British
Pound |
68
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — 98.8% | ||
Australia
— 7.5% | ||
Ampol
Ltd. |
51,145 |
1,020,482 |
ANZ
Group Holdings Ltd. |
646,618 |
10,499,943 |
APA
Group |
254,028 |
1,734,360 |
Aristocrat
Leisure Ltd. |
141,539 |
3,580,296 |
ASX
Ltd. |
41,682 |
1,896,928 |
Atlas
Arteria Ltd. |
261,543 |
1,137,144 |
Aurizon
Holdings Ltd. |
396,302 |
901,052 |
Bendigo
& Adelaide Bank Ltd. |
122,307 |
704,152 |
BHP
Group Ltd. |
1,090,664 |
32,368,181 |
BlueScope
Steel Ltd. |
99,575 |
1,323,523 |
Brambles
Ltd. |
299,000 |
2,832,376 |
Challenger
Ltd. |
125,717 |
505,889 |
Cochlear
Ltd. |
14,164 |
2,322,438 |
Coles
Group Ltd. |
288,155 |
3,480,963 |
Commonwealth
Bank of Australia |
363,513 |
24,055,873 |
Computershare
Ltd. |
123,482 |
1,838,130 |
Dexus,
REIT |
230,824 |
1,196,358 |
Domino's
Pizza Enterprises Ltd. |
13,964 |
470,022 |
Endeavour
Group Ltd. |
292,121 |
1,316,649 |
Flutter
Entertainment plc * |
32,990 |
6,591,982 |
Fortescue
Metals Group Ltd. |
364,594 |
5,101,264 |
Glencore
plc |
2,606,520 |
15,385,332 |
Goodman
Group, REIT |
368,425 |
4,749,600 |
GPT
Group (The), REIT |
411,111 |
1,208,882 |
Harvey
Norman Holdings Ltd. |
139,497 |
335,017 |
IDP
Education Ltd. |
44,801 |
841,666 |
IGO
Ltd. |
144,642 |
1,331,992 |
Incitec
Pivot Ltd. |
418,157 |
890,932 |
Insurance
Australia Group Ltd. |
526,863 |
1,745,544 |
LendLease
Corp. Ltd. |
148,382 |
736,923 |
Lottery
Corp. Ltd. (The) |
479,207 |
1,606,774 |
Macquarie
Group Ltd. |
78,217 |
9,541,835 |
Medibank
Pvt Ltd. |
591,043 |
1,398,739 |
Mineral
Resources Ltd. |
36,018 |
1,776,791 |
Mirvac
Group, REIT |
846,825 |
1,359,516 |
National
Australia Bank Ltd. |
676,260 |
13,018,789 |
Newcrest
Mining Ltd. |
192,415 |
3,674,140 |
Northern
Star Resources Ltd. |
247,319 |
2,206,040 |
Orica
Ltd. |
97,471 |
1,052,085 |
Origin
Energy Ltd. |
370,905 |
2,056,489 |
Pilbara
Minerals Ltd. |
559,756 |
1,593,184 |
Qantas
Airways Ltd. * |
191,060 |
842,564 |
QBE
Insurance Group Ltd. |
319,655 |
3,268,727 |
Ramsay
Health Care Ltd. |
39,914 |
1,716,352 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Australia
— continued | ||
REA
Group Ltd. |
11,065 |
1,040,646 |
Reece
Ltd. (a) |
45,750 |
557,309 |
Rio
Tinto Ltd. |
79,921 |
5,994,448 |
Rio
Tinto plc |
228,413 |
14,520,762 |
Santos
Ltd. |
713,348 |
3,379,198 |
Scentre
Group, REIT |
1,117,480 |
2,144,551 |
SEEK
Ltd. |
76,129 |
1,242,144 |
Seven
Group Holdings Ltd. |
33,527 |
529,577 |
Sonic
Healthcare Ltd. |
103,552 |
2,441,026 |
South32
Ltd. |
984,362 |
2,782,548 |
Stockland,
REIT |
512,317 |
1,518,701 |
Suncorp
Group Ltd. |
272,155 |
2,265,971 |
Telstra
Group Ltd. |
870,676 |
2,526,020 |
TPG
Telecom Ltd. |
91,782 |
327,617 |
Transurban
Group |
662,052 |
6,602,843 |
Treasury
Wine Estates Ltd. |
154,916 |
1,435,003 |
Vicinity
Ltd., REIT |
830,428 |
1,160,914 |
Washington
H Soul Pattinson & Co. Ltd. |
52,847 |
1,106,271 |
Wesfarmers
Ltd. |
244,260 |
8,449,788 |
Westpac
Banking Corp. |
755,498 |
11,309,187 |
WiseTech
Global Ltd. |
37,524 |
1,718,814 |
Woodside
Energy Group Ltd. |
408,800 |
9,275,808 |
Woolworths
Group Ltd. |
261,907 |
6,756,373 |
Worley
Ltd. |
80,261 |
806,420 |
|
|
267,107,857 |
Austria
— 0.3% | ||
ANDRITZ
AG |
15,399 |
1,000,100 |
BAWAG
Group AG (b) |
17,700 |
863,300 |
Erste
Group Bank AG |
76,804 |
2,792,534 |
EVN
AG * |
8,010 |
193,044 |
Mondi
plc |
104,538 |
1,665,847 |
OMV
AG |
30,911 |
1,462,792 |
Raiffeisen
Bank International AG * |
28,937 |
444,521 |
Strabag
SE |
2,429 |
105,925 |
Telekom
Austria AG * |
29,500 |
230,143 |
Verbund
AG |
6,946 |
618,615 |
Vienna
Insurance Group AG Wiener
Versicherung
Gruppe |
7,605 |
223,762 |
voestalpine
AG |
23,754 |
823,592 |
|
|
10,424,175 |
Belgium
— 1.0% | ||
Ackermans
& van Haaren NV * |
4,832 |
849,926 |
Ageas
SA |
38,398 |
1,710,845 |
Anheuser-Busch
InBev SA |
213,188 |
13,861,366 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
69
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Belgium
— continued | ||
Azelis
Group NV * |
15,055 |
357,172 |
D'ieteren
Group |
4,883 |
919,415 |
Elia
Group SA/NV |
7,728 |
1,059,664 |
Etablissements
Franz Colruyt NV |
12,089 |
335,804 |
Groupe
Bruxelles Lambert NV |
21,741 |
1,951,285 |
KBC
Group NV |
72,752 |
5,200,925 |
Proximus
SADP |
32,975 |
281,098 |
Sofina
SA |
3,388 |
777,860 |
Solvay
SA |
15,729 |
1,887,773 |
UCB
SA (a) |
27,220 |
2,530,305 |
Umicore
SA |
44,423 |
1,458,208 |
Warehouses
De Pauw CVA, REIT |
33,378 |
998,059 |
|
|
34,179,705 |
Brazil
— 0.0% ^ | ||
Yara
International ASA |
35,098 |
1,413,356 |
Chile
— 0.0% ^ | ||
Antofagasta
plc |
74,045 |
1,361,910 |
China
— 0.8% | ||
Budweiser
Brewing Co. APAC Ltd. (b) |
370,200 |
1,069,586 |
ESR
Group Ltd. (b) |
523,000 |
817,525 |
Prosus
NV |
250,223 |
18,725,071 |
Wharf
Holdings Ltd. (The) |
262,000 |
598,789 |
Wilmar
International Ltd. |
672,000 |
1,984,898 |
Wuxi
Biologics Cayman, Inc. *
(b) |
764,000 |
4,555,609 |
|
|
27,751,478 |
Denmark
— 2.9% | ||
AP
Moller - Maersk A/S, Class A |
643 |
1,149,165 |
AP
Moller - Maersk A/S, Class B |
1,191 |
2,152,795 |
Carlsberg
A/S, Class B |
21,191 |
3,507,042 |
Chr
Hansen Holding A/S |
22,143 |
1,723,378 |
Coloplast
A/S, Class B |
25,577 |
3,685,158 |
Danske
Bank A/S * |
146,646 |
3,099,332 |
Demant
A/S * |
20,767 |
889,990 |
DSV
A/S |
38,663 |
7,276,468 |
Genmab
A/S * |
14,203 |
5,836,932 |
Novo
Nordisk A/S, Class B |
352,661 |
58,666,744 |
Novozymes
A/S, Class B |
45,012 |
2,343,447 |
Orsted
A/S (b) |
40,729 |
3,655,433 |
Pandora
A/S |
20,562 |
1,903,257 |
Tryg
A/S |
77,521 |
1,832,052 |
Vestas
Wind Systems A/S * |
217,424 |
6,016,252 |
|
|
103,737,445 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Finland
— 1.2% | ||
Elisa
OYJ |
32,426 |
2,013,696 |
Fortum
OYJ |
94,359 |
1,409,345 |
Huhtamaki
OYJ |
20,578 |
741,755 |
Kesko
OYJ, Class A |
20,161 |
418,354 |
Kesko
OYJ, Class B |
58,614 |
1,221,976 |
Kone
OYJ, Class B |
86,839 |
4,954,229 |
Metso
Outotec OYJ (a) |
151,705 |
1,674,933 |
Neste
OYJ |
92,741 |
4,494,637 |
Nokia
OYJ |
1,151,993 |
4,874,257 |
Nordea
Bank Abp |
690,092 |
7,666,417 |
Orion
OYJ, Class A |
6,347 |
297,695 |
Orion
OYJ, Class B |
22,988 |
1,079,818 |
Sampo
OYJ, Class A |
103,394 |
5,243,621 |
Stora
Enso OYJ, Class A (a) |
10,851 |
144,676 |
Stora
Enso OYJ, Class R |
131,846 |
1,672,711 |
UPM-Kymmene
OYJ |
114,913 |
3,664,623 |
Wartsila
OYJ Abp |
104,468 |
1,211,529 |
|
|
42,784,272 |
France
— 10.2% | ||
Adevinta
ASA * |
57,542 |
443,244 |
Aeroports
de Paris * |
5,953 |
945,968 |
Air
Liquide SA |
112,701 |
20,273,809 |
Airbus
SE |
132,364 |
18,535,543 |
Alstom
SA |
66,417 |
1,669,363 |
Amundi
SA (a)
(b) |
13,125 |
859,883 |
AXA
SA (a) |
430,382 |
14,047,742 |
BioMerieux |
10,406 |
1,089,564 |
BNP
Paribas SA |
244,490 |
15,797,328 |
Bollore
SE |
196,283 |
1,325,964 |
Bouygues
SA (a) |
44,201 |
1,618,606 |
Bureau
Veritas SA |
62,326 |
1,797,176 |
Capgemini
SE |
34,010 |
6,201,972 |
Carrefour
SA |
126,232 |
2,625,702 |
Cie
de Saint-Gobain |
111,042 |
6,428,745 |
Cie
Generale des Etablissements Michelin SCA |
153,750 |
4,896,568 |
Credit
Agricole SA |
294,777 |
3,603,214 |
Danone
SA (a) |
136,778 |
9,052,469 |
Dassault
Aviation SA |
5,022 |
981,388 |
Dassault
Systemes SE |
149,245 |
6,058,695 |
Edenred |
53,736 |
3,491,424 |
Eiffage
SA |
16,832 |
2,003,410 |
Engie
SA (a) |
398,479 |
6,377,372 |
EssilorLuxottica
SA |
65,536 |
12,974,819 |
Gecina
SA, REIT |
11,668 |
1,298,913 |
70
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
France
— continued | ||
Getlink
SE |
86,163 |
1,610,321 |
Hermes
International |
7,502 |
16,287,413 |
Ipsen
SA |
8,662 |
1,050,399 |
Kering
SA |
15,495 |
9,922,487 |
Legrand
SA |
57,448 |
5,437,681 |
L'Oreal
SA (a) |
54,157 |
25,882,561 |
LVMH
Moet Hennessy Louis Vuitton SE |
56,205 |
54,062,541 |
Orange
SA |
406,620 |
5,292,532 |
Pernod
Ricard SA |
43,873 |
10,132,434 |
Publicis
Groupe SA |
50,921 |
4,163,153 |
Safran
SA |
75,425 |
11,730,079 |
Sartorius
Stedim Biotech |
5,161 |
1,382,625 |
Societe
Generale SA |
161,824 |
3,930,425 |
Sodexo
SA * |
18,098 |
1,939,526 |
Teleperformance (a) |
12,728 |
2,543,761 |
Thales
SA |
22,973 |
3,505,758 |
TotalEnergies
SE |
503,980 |
32,204,294 |
Unibail-Rodamco-Westfield,
REIT * |
22,936 |
1,229,966 |
Veolia
Environnement SA |
144,615 |
4,579,226 |
Vinci
SA |
114,204 |
14,126,029 |
Vivendi
SE (a) |
172,949 |
1,899,751 |
Worldline
SA *
(b) |
53,927 |
2,345,970 |
|
|
359,657,813 |
Germany
— 7.8% | ||
adidas
AG |
38,464 |
6,773,739 |
Allianz
SE (Registered) |
86,834 |
21,804,613 |
BASF
SE |
197,747 |
10,228,293 |
Bayer
AG (Registered) |
211,514 |
13,959,135 |
Bayerische
Motoren Werke AG |
68,691 |
7,699,193 |
Bayerische
Motoren Werke AG (Preference) |
12,751 |
1,355,365 |
Beiersdorf
AG |
21,160 |
2,954,558 |
Brenntag
SE |
33,263 |
2,711,090 |
Carl
Zeiss Meditec AG |
7,877 |
1,059,475 |
Commerzbank
AG * |
226,489 |
2,516,998 |
Continental
AG |
23,252 |
1,631,527 |
Covestro
AG *
(b) |
41,596 |
1,824,835 |
Daimler
Truck Holding AG * |
111,623 |
3,688,356 |
Deutsche
Bank AG (Registered) |
444,975 |
4,891,469 |
Deutsche
Boerse AG |
40,906 |
7,801,128 |
Deutsche
Lufthansa AG (Registered) * |
128,285 |
1,379,054 |
Deutsche
Post AG (Registered) |
213,413 |
10,265,079 |
Deutsche
Telekom AG (Registered) |
751,505 |
18,120,113 |
Deutsche
Wohnen SE |
10,991 |
248,864 |
E.ON
SE |
483,373 |
6,393,933 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Germany
— continued | ||
Evonik
Industries AG |
43,996 |
960,278 |
Fresenius
SE & Co. KGaA |
88,521 |
2,564,806 |
GEA
Group AG |
35,364 |
1,663,271 |
Hannover
Rueck SE |
12,980 |
2,773,295 |
HeidelbergCement
AG |
31,181 |
2,361,698 |
Henkel
AG & Co. KGaA |
21,256 |
1,571,972 |
Henkel
AG & Co. KGaA (Preference) |
38,358 |
3,101,188 |
Infineon
Technologies AG |
281,161 |
10,238,977 |
Mercedes-Benz
Group AG |
168,146 |
13,113,039 |
Merck
KGaA |
27,825 |
4,990,936 |
MTU
Aero Engines AG |
11,510 |
3,022,175 |
Muenchener
Rueckversicherungs-
Gesellschaft
AG (Registered) |
30,164 |
11,336,461 |
Porsche
Automobil Holding SE (Preference) * |
32,968 |
1,836,226 |
Puma
SE |
22,014 |
1,289,977 |
RWE
AG |
145,589 |
6,826,124 |
SAP
SE |
235,399 |
31,853,298 |
Sartorius
AG (Preference) |
5,804 |
2,255,952 |
Siemens
AG (Registered) |
161,044 |
26,545,243 |
Siemens
Energy AG * |
86,045 |
2,111,897 |
Siemens
Healthineers AG (b) |
60,713 |
3,783,977 |
Symrise
AG |
28,589 |
3,454,196 |
Talanx
AG |
11,423 |
574,529 |
Telefonica
Deutschland Holding AG |
197,890 |
668,665 |
Vantage
Towers AG |
12,012 |
430,637 |
Volkswagen
AG (Preference) |
39,514 |
5,395,628 |
Vonovia
SE |
171,347 |
3,716,262 |
Zalando
SE *
(b) |
48,226 |
1,983,510 |
|
|
277,731,034 |
Hong
Kong — 2.4% | ||
AIA
Group Ltd. |
2,516,600 |
27,398,415 |
CK
Asset Holdings Ltd. |
417,000 |
2,465,774 |
CK
Infrastructure Holdings Ltd. |
130,000 |
740,140 |
CLP
Holdings Ltd. |
359,500 |
2,676,739 |
DFI
Retail Group Holdings Ltd. |
63,300 |
190,512 |
Hang
Lung Properties Ltd. |
398,000 |
727,515 |
Hang
Seng Bank Ltd. |
156,100 |
2,313,848 |
Henderson
Land Development Co. Ltd. |
281,000 |
1,000,564 |
HK
Electric Investments & HK Electric
Investments
Ltd. (b) |
495,000 |
312,157 |
HKT
Trust & HKT Ltd. |
785,000 |
1,031,704 |
Hong
Kong & China Gas Co. Ltd. |
2,331,100 |
2,069,857 |
Hong
Kong Exchanges & Clearing Ltd. |
256,600 |
10,653,237 |
Jardine
Matheson Holdings Ltd. |
52,200 |
2,523,441 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
71
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Hong
Kong — continued | ||
Link,
REIT |
544,500 |
3,561,515 |
MTR
Corp. Ltd. |
334,000 |
1,668,839 |
New
World Development Co. Ltd. |
298,000 |
794,730 |
Power
Assets Holdings Ltd. |
294,000 |
1,680,004 |
Prudential
plc |
591,922 |
9,057,022 |
Sino
Land Co. Ltd. |
730,000 |
983,727 |
Sun
Hung Kai Properties Ltd. |
324,500 |
4,518,109 |
Swire
Pacific Ltd., Class A |
94,500 |
750,153 |
Swire
Pacific Ltd., Class B |
182,500 |
231,705 |
Swire
Properties Ltd. |
227,200 |
610,653 |
Techtronic
Industries Co. Ltd. |
396,000 |
4,284,122 |
WH
Group Ltd. (b) |
1,685,924 |
938,619 |
Wharf
Real Estate Investment Co. Ltd. |
334,000 |
1,926,084 |
|
|
85,109,185 |
Ireland
— 0.4% | ||
CRH
plc |
160,241 |
7,732,265 |
Kerry
Group plc, Class A |
33,532 |
3,531,746 |
Kingspan
Group plc |
33,252 |
2,304,355 |
Smurfit
Kappa Group plc |
55,771 |
2,066,267 |
|
|
15,634,633 |
Israel
— 0.4% | ||
Azrieli
Group Ltd. |
7,802 |
454,983 |
Bank
Hapoalim BM |
264,795 |
2,281,100 |
Bank
Leumi Le-Israel BM |
332,377 |
2,634,649 |
Bezeq
The Israeli Telecommunication Corp.
Ltd. |
439,232 |
597,982 |
Elbit
Systems Ltd. |
5,334 |
987,429 |
ICL
Group Ltd. |
154,935 |
962,274 |
Israel
Discount Bank Ltd., Class A |
265,484 |
1,319,415 |
Mizrahi
Tefahot Bank Ltd. |
32,117 |
1,053,222 |
Nice
Ltd. * |
13,677 |
2,803,509 |
Teva
Pharmaceutical Industries Ltd. * |
239,101 |
2,095,451 |
|
|
15,190,014 |
Italy
— 2.3% | ||
A2A
SpA |
336,187 |
593,164 |
Amplifon
SpA |
19,916 |
731,114 |
Assicurazioni
Generali SpA |
259,650 |
5,408,023 |
Banca
Mediolanum SpA |
46,229 |
417,972 |
Banco
BPM SpA |
325,174 |
1,322,183 |
Buzzi
Unicem SpA |
20,252 |
503,583 |
Coca-Cola
HBC AG |
43,739 |
1,335,206 |
Davide
Campari-Milano NV |
114,669 |
1,477,794 |
DiaSorin
SpA |
5,649 |
613,553 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Italy
— continued | ||
Enel
SpA |
1,663,538 |
11,365,483 |
Eni
SpA |
538,255 |
8,131,640 |
Ferrari
NV |
27,556 |
7,678,431 |
FinecoBank
Banca Fineco SpA |
131,360 |
1,991,115 |
Hera
SpA |
169,420 |
527,448 |
Infrastrutture
Wireless Italiane SpA (b) |
76,242 |
1,058,203 |
Intesa
Sanpaolo SpA |
3,679,432 |
9,674,666 |
Leonardo
SpA |
86,848 |
1,034,959 |
Mediobanca
Banca di Credito Finanziario SpA |
136,688 |
1,467,917 |
Moncler
SpA |
44,938 |
3,333,554 |
Nexi
SpA *
(b) |
182,975 |
1,517,190 |
Pirelli
& C SpA (b) |
85,841 |
449,638 |
Poste
Italiane SpA (b) |
98,114 |
1,021,066 |
Prysmian
SpA |
57,733 |
2,362,759 |
Recordati
Industria Chimica e Farmaceutica
SpA |
21,614 |
994,945 |
Snam
SpA |
441,389 |
2,453,097 |
Telecom
Italia SpA *
(a) |
2,171,325 |
638,617 |
Telecom
Italia SpA * |
1,293,646 |
373,586 |
Terna
- Rete Elettrica Nazionale |
302,922 |
2,622,015 |
UniCredit
SpA |
416,661 |
8,256,338 |
UnipolSai
Assicurazioni SpA |
90,011 |
242,148 |
|
|
79,597,407 |
Japan
— 22.6% | ||
ABC-Mart,
Inc. |
6,700 |
380,753 |
Acom
Co. Ltd. |
101,300 |
248,199 |
Advance
Residence Investment Corp., REIT |
298 |
773,192 |
Advantest
Corp. |
39,300 |
3,062,724 |
Aeon
Co. Ltd. |
187,700 |
3,825,702 |
AGC,
Inc. |
49,200 |
1,834,415 |
Aisin
Corp. |
39,400 |
1,156,448 |
Ajinomoto
Co., Inc. |
115,500 |
4,153,884 |
ANA
Holdings, Inc. * |
34,200 |
746,006 |
Asahi
Group Holdings Ltd. |
109,300 |
4,222,707 |
Asahi
Intecc Co. Ltd. |
50,700 |
917,480 |
Asahi
Kasei Corp. |
300,300 |
2,121,067 |
Asics
Corp. |
41,000 |
1,146,005 |
Astellas
Pharma, Inc. |
395,400 |
5,956,529 |
Bandai
Namco Holdings, Inc. |
143,600 |
3,261,934 |
Bank
of Kyoto Ltd. (The) |
16,300 |
802,000 |
Bridgestone
Corp. |
132,200 |
5,308,935 |
Brother
Industries Ltd. |
55,400 |
870,071 |
Canon,
Inc. |
224,000 |
5,335,088 |
Capcom
Co. Ltd. |
34,500 |
1,296,428 |
72
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Japan
— continued | ||
Central
Japan Railway Co. |
44,500 |
5,509,046 |
Chiba
Bank Ltd. (The) |
158,000 |
1,031,745 |
Chubu
Electric Power Co., Inc. |
163,200 |
1,820,066 |
Chugai
Pharmaceutical Co. Ltd. |
137,500 |
3,548,278 |
Concordia
Financial Group Ltd. |
259,400 |
984,257 |
Cosmos
Pharmaceutical Corp. |
4,600 |
452,434 |
CyberAgent,
Inc. |
89,400 |
780,158 |
Dai
Nippon Printing Co. Ltd. |
58,000 |
1,667,275 |
Daifuku
Co. Ltd. |
81,600 |
1,503,463 |
Dai-ichi
Life Holdings, Inc. |
222,000 |
4,129,373 |
Daiichi
Sankyo Co. Ltd. |
419,200 |
14,384,687 |
Daikin
Industries Ltd. |
63,100 |
11,460,921 |
Daito
Trust Construction Co. Ltd. |
14,800 |
1,402,710 |
Daiwa
House Industry Co. Ltd. |
143,600 |
3,660,145 |
Daiwa
House REIT Investment Corp., REIT |
461 |
980,855 |
Daiwa
Securities Group, Inc. |
320,000 |
1,486,303 |
Denso
Corp. |
108,700 |
6,561,524 |
Dentsu
Group, Inc. |
48,500 |
1,747,690 |
Disco
Corp. |
19,000 |
2,163,250 |
East
Japan Railway Co. |
81,600 |
4,669,287 |
Eisai
Co. Ltd. |
63,800 |
3,681,471 |
ENEOS
Holdings, Inc. |
695,400 |
2,473,903 |
FANUC
Corp. |
206,700 |
6,980,510 |
Fast
Retailing Co. Ltd. |
40,500 |
9,590,466 |
Fuji
Electric Co. Ltd. |
32,100 |
1,295,733 |
FUJIFILM
Holdings Corp. |
86,300 |
4,497,954 |
Fujitsu
Ltd. |
39,300 |
5,237,798 |
Fukuoka
Financial Group, Inc. |
41,300 |
777,889 |
GLP
J-REIT, REIT |
1,015 |
1,159,714 |
GMO
Payment Gateway, Inc. |
9,600 |
750,834 |
Hakuhodo
DY Holdings, Inc. |
65,200 |
768,274 |
Hamamatsu
Photonics KK |
31,600 |
1,675,238 |
Hankyu
Hanshin Holdings, Inc. |
51,900 |
1,620,386 |
Haseko
Corp. |
48,800 |
595,766 |
Hikari
Tsushin, Inc. |
4,300 |
586,714 |
Hirose
Electric Co. Ltd. |
6,700 |
904,225 |
Hitachi
Construction Machinery Co. Ltd. |
22,100 |
544,585 |
Hitachi
Ltd. |
202,100 |
11,179,088 |
Honda
Motor Co. Ltd. |
366,800 |
9,728,647 |
Hoshizaki
Corp. |
25,500 |
898,140 |
Hoya
Corp. |
77,000 |
8,073,838 |
Hulic
Co. Ltd. |
128,500 |
1,106,392 |
Ibiden
Co. Ltd. |
30,300 |
1,192,191 |
Idemitsu
Kosan Co. Ltd. |
48,900 |
1,041,230 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Japan
— continued | ||
Iida
Group Holdings Co. Ltd. |
37,900 |
673,835 |
Inpex
Corp. |
226,900 |
2,482,979 |
Isuzu
Motors Ltd. |
134,000 |
1,582,409 |
ITOCHU
Corp. |
317,300 |
10,526,383 |
Itochu
Techno-Solutions Corp. |
20,000 |
517,912 |
Japan
Airlines Co. Ltd. |
31,000 |
591,374 |
Japan
Airport Terminal Co. Ltd. |
19,900 |
975,160 |
Japan
Exchange Group, Inc. |
113,600 |
1,844,612 |
Japan
Metropolitan Fund Invest, REIT |
1,504 |
1,101,252 |
Japan
Post Bank Co. Ltd. |
298,800 |
2,386,088 |
Japan
Post Holdings Co. Ltd. |
519,900 |
4,279,778 |
Japan
Post Insurance Co. Ltd. |
43,200 |
701,529 |
Japan
Prime Realty Investment Corp., REIT |
213 |
553,836 |
Japan
Real Estate Investment Corp., REIT |
298 |
1,180,796 |
Japan
Tobacco, Inc. |
237,000 |
5,099,503 |
JFE
Holdings, Inc. |
124,300 |
1,470,507 |
JSR
Corp. |
45,000 |
1,044,155 |
Kajima
Corp. |
102,500 |
1,356,131 |
Kakaku.com,
Inc. |
27,100 |
372,861 |
Kansai
Electric Power Co., Inc. (The) |
177,700 |
1,918,221 |
Kansai
Paint Co. Ltd. |
55,700 |
785,258 |
Kao
Corp. |
100,400 |
4,057,014 |
Kawasaki
Heavy Industries Ltd. |
36,200 |
787,504 |
KDDI
Corp. |
337,300 |
10,529,877 |
Keio
Corp. |
26,200 |
973,067 |
Keisei
Electric Railway Co. Ltd. |
37,200 |
1,312,748 |
Keyence
Corp. |
43,100 |
19,436,216 |
Kikkoman
Corp. |
41,900 |
2,481,893 |
Kintetsu
Group Holdings Co. Ltd. |
41,200 |
1,390,800 |
Kirin
Holdings Co. Ltd. |
179,200 |
2,911,161 |
Kobayashi
Pharmaceutical Co. Ltd. |
12,000 |
748,824 |
Kobe
Bussan Co. Ltd. |
30,600 |
855,833 |
Koei
Tecmo Holdings Co. Ltd. |
26,000 |
478,134 |
Koito
Manufacturing Co. Ltd. |
55,300 |
1,069,693 |
Komatsu
Ltd. |
209,400 |
5,207,751 |
Konami
Group Corp. |
21,500 |
1,057,886 |
Kose
Corp. |
7,700 |
898,554 |
Kubota
Corp. |
243,500 |
3,689,756 |
Kurita
Water Industries Ltd. |
22,900 |
959,713 |
Kyocera
Corp. |
74,900 |
3,931,318 |
Kyowa
Kirin Co. Ltd. |
54,500 |
1,212,701 |
Kyushu
Railway Co. |
33,700 |
765,286 |
Lasertec
Corp. |
16,700 |
2,271,969 |
Lawson,
Inc. |
10,800 |
490,554 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
73
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Japan
— continued | ||
Lion
Corp. |
62,700 |
683,544 |
Lixil
Corp. |
61,900 |
974,370 |
M3,
Inc. |
91,900 |
2,255,775 |
Makita
Corp. |
60,300 |
1,701,106 |
Marubeni
Corp. |
369,800 |
5,248,645 |
Marui
Group Co. Ltd. |
45,100 |
718,562 |
MatsukiyoCocokara
& Co. |
30,800 |
1,649,336 |
Mazda
Motor Corp. |
128,800 |
1,165,574 |
McDonald's
Holdings Co. Japan Ltd. |
18,400 |
766,548 |
Medipal
Holdings Corp. |
45,400 |
693,618 |
MEIJI
Holdings Co. Ltd. |
60,600 |
1,462,261 |
MINEBEA
MITSUMI, Inc. |
87,200 |
1,614,825 |
MISUMI
Group, Inc. |
61,100 |
1,541,382 |
Mitsubishi
Chemical Group Corp. |
307,300 |
1,802,820 |
Mitsubishi
Corp. |
317,300 |
11,764,174 |
Mitsubishi
Electric Corp. |
462,500 |
5,734,482 |
Mitsubishi
Estate Co. Ltd. |
271,000 |
3,339,886 |
Mitsubishi
Gas Chemical Co., Inc. |
44,200 |
643,485 |
Mitsubishi
HC Capital, Inc. |
170,700 |
886,059 |
Mitsubishi
Heavy Industries Ltd. |
72,700 |
2,756,802 |
Mitsubishi
Motors Corp. * |
147,700 |
567,705 |
Mitsubishi
UFJ Financial Group, Inc. |
2,631,000 |
16,468,836 |
Mitsui
& Co. Ltd. |
342,700 |
10,698,652 |
Mitsui
Chemicals, Inc. |
40,700 |
1,029,751 |
Mitsui
Fudosan Co. Ltd. |
205,500 |
4,081,645 |
Mitsui
OSK Lines Ltd. |
78,100 |
1,936,148 |
Mizuho
Financial Group, Inc. |
546,700 |
7,924,869 |
MonotaRO
Co. Ltd. |
52,800 |
798,806 |
MS&AD
Insurance Group Holdings, Inc. |
95,800 |
3,144,379 |
Murata
Manufacturing Co. Ltd. |
138,400 |
7,852,286 |
Nagoya
Railroad Co. Ltd. |
42,500 |
685,616 |
NEC
Corp. |
58,700 |
2,257,327 |
Nexon
Co. Ltd. |
97,100 |
2,193,524 |
NGK
Insulators Ltd. |
58,300 |
731,772 |
NIDEC
Corp. |
114,100 |
5,645,905 |
Nihon
M&A Center Holdings, Inc. |
64,100 |
489,970 |
Nikon
Corp. |
75,000 |
775,280 |
Nintendo
Co. Ltd. |
251,600 |
10,636,991 |
Nippon
Building Fund, Inc., REIT |
367 |
1,538,910 |
Nippon
Express Holdings, Inc. |
18,200 |
1,068,012 |
Nippon
Paint Holdings Co. Ltd. |
229,700 |
2,072,409 |
Nippon
Prologis REIT, Inc., REIT |
592 |
1,348,619 |
Nippon
Sanso Holdings Corp. |
45,900 |
828,159 |
Nippon
Shinyaku Co. Ltd. |
13,100 |
599,046 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Japan
— continued | ||
Nippon
Steel Corp. |
204,800 |
4,374,000 |
Nippon
Telegraph & Telephone Corp. |
257,400 |
7,854,298 |
Nippon
Yusen KK |
110,000 |
2,600,280 |
Nissan
Chemical Corp. |
30,400 |
1,351,038 |
Nissan
Motor Co. Ltd. |
507,500 |
1,850,566 |
Nisshin
Seifun Group, Inc. |
56,600 |
686,074 |
Nissin
Foods Holdings Co. Ltd. |
17,300 |
1,667,929 |
Niterra
Co. Ltd. |
37,000 |
775,514 |
Nitori
Holdings Co. Ltd. |
18,600 |
2,368,448 |
Nitto
Denko Corp. |
32,200 |
2,081,673 |
Nomura
Holdings, Inc. |
647,500 |
2,321,224 |
Nomura
Real Estate Holdings, Inc. |
24,700 |
615,500 |
Nomura
Real Estate Master Fund, Inc., REIT |
1,016 |
1,188,828 |
Nomura
Research Institute Ltd. |
96,100 |
2,417,833 |
NSK
Ltd. |
105,800 |
597,338 |
NTT
Data Corp. |
139,000 |
1,888,058 |
Obayashi
Corp. |
154,800 |
1,290,532 |
Obic
Co. Ltd. |
14,100 |
2,172,461 |
Odakyu
Electric Railway Co. Ltd. |
75,500 |
1,054,608 |
Oji
Holdings Corp. |
217,500 |
854,710 |
Olympus
Corp. |
276,600 |
4,842,275 |
Omron
Corp. |
44,600 |
2,616,198 |
Ono
Pharmaceutical Co. Ltd. |
102,600 |
2,065,861 |
Open
House Group Co. Ltd. |
15,300 |
611,583 |
Oracle
Corp. |
7,200 |
516,735 |
Oriental
Land Co. Ltd. |
250,500 |
8,864,992 |
ORIX
Corp. |
252,500 |
4,295,662 |
Orix
JREIT, Inc., REIT |
595 |
769,152 |
Osaka
Gas Co. Ltd. |
89,800 |
1,485,401 |
Otsuka
Corp. |
25,300 |
920,896 |
Otsuka
Holdings Co. Ltd. |
120,100 |
4,085,894 |
Pan
Pacific International Holdings Corp. |
114,600 |
2,141,522 |
Panasonic
Holdings Corp. |
501,800 |
4,726,345 |
Persol
Holdings Co. Ltd. |
40,900 |
843,334 |
Rakuten
Group, Inc. |
197,700 |
986,118 |
Recruit
Holdings Co. Ltd. |
365,300 |
10,247,983 |
Renesas
Electronics Corp. * |
303,800 |
3,959,258 |
Resona
Holdings, Inc. |
511,900 |
2,551,290 |
Resonac
Holdings Corp. |
39,900 |
631,827 |
Ricoh
Co. Ltd. |
130,700 |
1,082,161 |
Rinnai
Corp. |
26,000 |
628,424 |
Rohm
Co. Ltd. |
18,700 |
1,407,889 |
Santen
Pharmaceutical Co. Ltd. |
83,400 |
701,697 |
SBI
Holdings, Inc. |
58,800 |
1,148,409 |
74
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Japan
— continued | ||
SBI
Shinsei Bank Ltd. * |
12,800 |
229,696 |
SCSK
Corp. |
32,800 |
495,208 |
Secom
Co. Ltd. |
46,400 |
2,971,177 |
Sega
Sammy Holdings, Inc. |
34,600 |
646,727 |
Seibu
Holdings, Inc. |
58,700 |
656,993 |
Seiko
Epson Corp. |
68,900 |
1,053,739 |
Sekisui
Chemical Co. Ltd. |
92,300 |
1,313,655 |
Sekisui
House Ltd. |
147,300 |
3,028,291 |
Seven
& i Holdings Co. Ltd. |
171,900 |
7,790,070 |
SG
Holdings Co. Ltd. |
104,900 |
1,509,493 |
Sharp
Corp. * |
49,200 |
350,648 |
Shimadzu
Corp. |
59,200 |
1,851,585 |
Shimano,
Inc. |
17,900 |
2,768,280 |
Shimizu
Corp. |
146,300 |
893,456 |
Shin-Etsu
Chemical Co. Ltd. |
435,600 |
12,430,204 |
Shionogi
& Co. Ltd. |
60,200 |
2,694,825 |
Shiseido
Co. Ltd. |
86,000 |
4,310,818 |
SMC
Corp. |
13,200 |
6,583,432 |
SoftBank
Corp. |
597,700 |
6,729,392 |
SoftBank
Group Corp. |
256,000 |
9,600,620 |
Sojitz
Corp. |
44,880 |
945,241 |
Sompo
Holdings, Inc. |
75,000 |
3,129,720 |
Sony
Group Corp. |
271,700 |
24,581,717 |
Square
Enix Holdings Co. Ltd. |
19,100 |
939,895 |
Stanley
Electric Co. Ltd. |
32,200 |
726,364 |
Subaru
Corp. |
132,500 |
2,162,641 |
SUMCO
Corp. |
75,500 |
1,039,760 |
Sumitomo
Chemical Co. Ltd. |
355,200 |
1,200,300 |
Sumitomo
Corp. |
269,600 |
4,832,005 |
Sumitomo
Electric Industries Ltd. |
171,100 |
2,183,623 |
Sumitomo
Metal Mining Co. Ltd. |
58,800 |
2,170,232 |
Sumitomo
Mitsui Financial Group, Inc. |
296,100 |
12,102,684 |
Sumitomo
Mitsui Trust Holdings, Inc. |
79,500 |
2,865,794 |
Sumitomo
Pharma Co. Ltd. |
40,500 |
254,082 |
Sumitomo
Realty & Development Co. Ltd. |
102,600 |
2,395,631 |
Suntory
Beverage & Food Ltd. |
27,200 |
1,023,955 |
Suzuki
Motor Corp. |
105,900 |
3,692,572 |
Sysmex
Corp. |
36,600 |
2,354,230 |
T&D
Holdings, Inc. |
126,500 |
1,549,163 |
Taisei
Corp. |
43,400 |
1,476,073 |
Taisho
Pharmaceutical Holdings Co. Ltd. |
12,300 |
531,187 |
Takeda
Pharmaceutical Co. Ltd. |
340,500 |
11,290,696 |
TDK
Corp. |
83,500 |
2,870,641 |
Terumo
Corp. |
161,000 |
4,821,273 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Japan
— continued | ||
TIS,
Inc. |
49,400 |
1,356,510 |
Tobu
Railway Co. Ltd. |
45,300 |
1,156,319 |
Toho
Co. Ltd. |
27,200 |
1,080,562 |
Tokio
Marine Holdings, Inc. |
439,100 |
8,828,999 |
Tokyo
Century Corp. |
10,100 |
347,462 |
Tokyo
Electric Power Co. Holdings, Inc. * |
171,800 |
615,974 |
Tokyo
Electron Ltd. |
101,600 |
11,633,760 |
Tokyo
Gas Co. Ltd. |
87,000 |
1,782,024 |
Tokyu
Corp. |
134,600 |
1,900,017 |
Tokyu
Fudosan Holdings Corp. |
130,200 |
660,738 |
Toppan,
Inc. |
75,400 |
1,602,910 |
Toray
Industries, Inc. |
351,200 |
1,990,356 |
Toshiba
Corp. |
93,100 |
2,999,661 |
Tosoh
Corp. |
70,100 |
936,557 |
TOTO
Ltd. |
34,300 |
1,173,120 |
Toyo
Suisan Kaisha Ltd. |
21,800 |
973,304 |
Toyota
Industries Corp. |
44,300 |
2,574,623 |
Toyota
Motor Corp. |
2,704,900 |
37,138,375 |
Toyota
Tsusho Corp. |
50,900 |
2,115,776 |
Trend
Micro, Inc. |
30,300 |
1,480,564 |
Unicharm
Corp. |
94,900 |
3,831,108 |
United
Urban Investment Corp., REIT |
664 |
737,252 |
USS
Co. Ltd. |
46,700 |
784,746 |
Welcia
Holdings Co. Ltd. |
22,000 |
460,615 |
West
Japan Railway Co. |
52,400 |
2,271,108 |
Yakult
Honsha Co. Ltd. |
34,300 |
2,579,840 |
Yamaha
Corp. |
37,200 |
1,466,038 |
Yamaha
Motor Co. Ltd. |
75,500 |
1,957,809 |
Yamato
Holdings Co. Ltd. |
72,100 |
1,238,504 |
Yaskawa
Electric Corp. |
57,300 |
2,333,579 |
Yokogawa
Electric Corp. |
51,300 |
833,153 |
Z
Holdings Corp. |
573,500 |
1,570,955 |
ZOZO,
Inc. |
24,100 |
507,169 |
|
|
799,573,815 |
Jordan
— 0.0% ^ | ||
Hikma
Pharmaceuticals plc |
38,115 |
882,773 |
Luxembourg
— 0.2% | ||
ArcelorMittal
SA * |
122,844 |
3,489,955 |
Eurofins
Scientific SE |
27,802 |
1,941,965 |
|
|
5,431,920 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
75
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Macau
— 0.1% | ||
Galaxy
Entertainment Group Ltd. * |
434,000 |
3,088,907 |
Sands
China Ltd. * |
522,800 |
1,872,366 |
|
|
4,961,273 |
Mexico
— 0.0% ^ | ||
Fresnillo
plc |
39,663 |
354,951 |
Netherlands
— 5.0% | ||
Adyen
NV *
(b) |
6,671 |
10,719,308 |
Aegon
NV |
303,318 |
1,383,958 |
Akzo
Nobel NV (a) |
37,544 |
3,114,584 |
Argenx
SE * |
10,239 |
3,949,676 |
Argenx
SE * |
1,708 |
665,868 |
ASM
International NV |
9,988 |
3,626,137 |
ASML
Holding NV |
86,796 |
55,081,844 |
HAL
Trust |
19,074 |
2,618,454 |
Heineken
Holding NV |
23,563 |
2,261,605 |
Heineken
NV (a) |
50,845 |
5,838,285 |
ING
Groep NV (a) |
802,318 |
9,950,576 |
JDE
Peet's NV |
28,142 |
855,867 |
Koninklijke
Ahold Delhaize NV |
213,946 |
7,356,461 |
Koninklijke
KPN NV |
686,690 |
2,504,279 |
Koninklijke
Philips NV |
191,469 |
4,042,296 |
NN
Group NV |
63,515 |
2,368,497 |
Randstad
NV |
26,933 |
1,463,425 |
Shell
plc |
1,530,833 |
47,039,701 |
Universal
Music Group NV |
163,989 |
3,582,737 |
Wolters
Kluwer NV |
55,444 |
7,345,978 |
|
|
175,769,536 |
New
Zealand — 0.2% | ||
Auckland
International Airport Ltd. * |
259,191 |
1,419,163 |
Contact
Energy Ltd. |
168,634 |
817,882 |
Fisher
& Paykel Healthcare Corp. Ltd. |
124,701 |
2,138,985 |
Mercury
NZ Ltd. |
139,229 |
546,881 |
Meridian
Energy Ltd. |
261,190 |
884,570 |
Spark
New Zealand Ltd. |
402,000 |
1,302,542 |
|
|
7,110,023 |
Norway
— 0.7% | ||
Aker
ASA, Class A (a) |
5,049 |
308,603 |
Aker
BP ASA |
66,677 |
1,593,968 |
AutoStore
Holdings Ltd. *
(b) (c) |
213,387 |
459,560 |
DNB
Bank ASA (a) |
193,599 |
3,405,422 |
Equinor
ASA |
225,612 |
6,495,603 |
Gjensidige
Forsikring ASA |
40,613 |
707,468 |
Kongsberg
Gruppen ASA |
19,086 |
857,263 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Norway
— continued | ||
Leroy
Seafood Group ASA |
59,354 |
312,545 |
Mowi
ASA |
97,974 |
1,869,275 |
Norsk
Hydro ASA |
293,997 |
2,163,543 |
Orkla
ASA |
161,194 |
1,158,628 |
Salmar
ASA |
14,332 |
636,749 |
Schibsted
ASA, Class A |
15,921 |
282,675 |
Schibsted
ASA, Class B |
21,449 |
347,300 |
Storebrand
ASA |
101,618 |
784,036 |
Telenor
ASA |
138,599 |
1,729,458 |
TOMRA
Systems ASA |
50,354 |
772,143 |
Var
Energi ASA (a) |
84,456 |
221,635 |
|
|
24,105,874 |
Poland
— 0.3% | ||
Allegro.eu
SA *
(b) |
90,722 |
715,092 |
Bank
Polska Kasa Opieki SA |
37,742 |
873,240 |
Dino
Polska SA *
(b) |
10,344 |
1,054,915 |
ING
Bank Slaski SA * |
6,919 |
263,169 |
KGHM
Polska Miedz SA |
29,283 |
842,342 |
LPP
SA |
222 |
639,957 |
Polski
Koncern Naftowy ORLEN SA * |
114,978 |
1,754,143 |
Powszechna
Kasa Oszczednosci Bank Polski
SA |
185,096 |
1,431,172 |
Powszechny
Zaklad Ubezpieczen SA |
122,705 |
1,130,468 |
Santander
Bank Polska SA |
7,243 |
589,136 |
|
|
9,293,634 |
Portugal
— 0.2% | ||
EDP
- Energias de Portugal SA |
631,817 |
3,481,312 |
Galp
Energia SGPS SA * |
97,959 |
1,183,707 |
Jeronimo
Martins SGPS SA |
59,429 |
1,499,704 |
|
|
6,164,723 |
Russia
— 0.0% ^ | ||
Evraz
plc ‡
* |
96,418 |
4,961 |
Singapore
— 1.4% | ||
CapitaLand
Ascendas, REIT |
723,400 |
1,556,703 |
CapitaLand
Ascott Trust, REIT |
30,508 |
24,769 |
CapitaLand
Integrated Commercial Trust,
REIT |
1,081,037 |
1,650,677 |
Capitaland
Investment Ltd. |
528,700 |
1,479,950 |
City
Developments Ltd. |
109,500 |
572,826 |
DBS
Group Holdings Ltd. |
394,300 |
9,743,139 |
Genting
Singapore Ltd. |
1,223,900 |
1,041,204 |
Great
Eastern Holdings Ltd. |
12,200 |
155,879 |
Jardine
Cycle & Carriage Ltd. |
21,100 |
537,391 |
76
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Singapore
— continued | ||
Keppel
Corp. Ltd. |
300,000 |
1,393,016 |
Mapletree
Pan Asia Commercial Trust, REIT |
496,200 |
657,291 |
Olam
Group Ltd. |
231,500 |
279,421 |
Oversea-Chinese
Banking Corp. Ltd. |
871,900 |
8,248,951 |
Singapore
Airlines Ltd. |
280,650 |
1,234,379 |
Singapore
Exchange Ltd. |
175,800 |
1,265,167 |
Singapore
Technologies Engineering Ltd. |
335,200 |
912,524 |
Singapore
Telecommunications Ltd. |
1,527,800 |
2,927,803 |
STMicroelectronics
NV |
141,264 |
6,042,861 |
United
Overseas Bank Ltd. |
331,800 |
7,046,755 |
UOL
Group Ltd. |
99,500 |
519,079 |
Venture
Corp. Ltd. |
58,500 |
747,382 |
|
|
48,037,167 |
South
Africa — 0.3% | ||
Anglo
American plc |
287,978 |
8,873,806 |
South
Korea — 0.0% ^ | ||
Delivery
Hero SE *
(b) |
41,410 |
1,655,207 |
Spain
— 2.5% | ||
Acciona
SA * |
5,305 |
982,957 |
ACS
Actividades de Construccion y Servicios
SA |
47,574 |
1,635,707 |
Aena
SME SA *
(b) |
15,826 |
2,665,365 |
Amadeus
IT Group SA * |
96,992 |
6,817,086 |
Banco
Bilbao Vizcaya Argentaria SA |
1,298,274 |
9,504,649 |
Banco
Santander SA (a) |
3,615,807 |
12,702,613 |
CaixaBank
SA |
872,204 |
3,228,556 |
Cellnex
Telecom SA (b) |
127,767 |
5,379,500 |
Corp.
ACCIONA Energias Renovables SA * |
12,004 |
431,029 |
EDP
Renovaveis SA * |
45,498 |
1,011,316 |
Endesa
SA |
68,166 |
1,529,149 |
Ferrovial
SA |
106,499 |
3,339,107 |
Grifols
SA * |
63,099 |
649,516 |
Grifols
SA (Preference), Class B * |
56,100 |
415,050 |
Iberdrola
SA |
1,262,980 |
16,365,823 |
Industria
de Diseno Textil SA (a) |
241,563 |
8,304,152 |
Mapfre
SA |
211,493 |
423,647 |
Naturgy
Energy Group SA |
39,544 |
1,231,253 |
Red
Electrica Corp. SA |
93,196 |
1,694,428 |
Repsol
SA |
285,786 |
4,198,113 |
Telefonica
SA |
1,243,397 |
5,647,744 |
|
|
88,156,760 |
Sweden
— 3.3% | ||
Alfa
Laval AB |
63,265 |
2,321,024 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Sweden
— continued | ||
Assa
Abloy AB, Class B |
213,522 |
5,087,376 |
Atlas
Copco AB, Class A |
549,388 |
7,946,418 |
Atlas
Copco AB, Class B |
336,055 |
4,310,512 |
Axfood
AB |
23,273 |
577,570 |
Beijer
Ref AB (a) |
70,912 |
1,159,953 |
Boliden
AB *
(a) |
58,887 |
2,104,439 |
Castellum
AB (a) |
61,577 |
748,537 |
Electrolux
AB, Class B |
48,372 |
729,697 |
Embracer
Group AB * |
179,673 |
938,011 |
Epiroc
AB, Class A |
134,791 |
2,700,278 |
Epiroc
AB, Class B |
83,684 |
1,440,883 |
EQT
AB |
71,202 |
1,533,561 |
Essity
AB, Class A |
5,991 |
181,825 |
Essity
AB, Class B |
129,765 |
3,932,566 |
Evolution
AB (b) |
41,218 |
5,507,072 |
Fastighets
AB Balder, Class B * |
139,918 |
651,433 |
Getinge
AB, Class B |
47,058 |
1,194,374 |
H
& M Hennes & Mauritz AB, Class B (a) |
154,097 |
2,259,183 |
Hexagon
AB, Class B |
458,173 |
5,245,948 |
Holmen
AB, Class B |
19,880 |
752,057 |
Husqvarna
AB, Class B (a) |
89,048 |
768,594 |
Industrivarden
AB, Class A |
39,296 |
1,124,382 |
Industrivarden
AB, Class C (a) |
36,736 |
1,049,053 |
Indutrade
AB |
57,072 |
1,370,407 |
Investment
AB Latour, Class B |
29,228 |
632,836 |
Investor
AB, Class A |
120,794 |
2,648,751 |
Investor
AB, Class B |
392,259 |
8,426,959 |
Kinnevik
AB, Class B * |
52,087 |
855,683 |
L
E Lundbergforetagen AB, Class B |
13,704 |
657,534 |
Lifco
AB, Class B |
45,478 |
1,037,103 |
Nibe
Industrier AB, Class B |
330,121 |
3,696,323 |
Nordnet
AB publ |
34,875 |
548,286 |
Saab
AB, Class B |
17,478 |
981,377 |
Sagax
AB, Class B |
40,433 |
991,772 |
Sagax
AB, Class D |
21,365 |
56,438 |
Sandvik
AB |
234,959 |
4,786,074 |
Securitas
AB, Class B |
107,891 |
967,059 |
Skandinaviska
Enskilda Banken AB, Class A |
366,462 |
4,166,958 |
Skandinaviska
Enskilda Banken AB, Class C |
2,978 |
37,983 |
Skanska
AB, Class B |
85,890 |
1,404,857 |
SKF
AB, Class A |
3,079 |
55,669 |
SKF
AB, Class B |
80,702 |
1,461,647 |
SSAB
AB, Class A |
47,809 |
339,533 |
SSAB
AB, Class B |
135,482 |
915,734 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
77
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Sweden
— continued | ||
Svenska
Cellulosa AB SCA, Class A |
6,598 |
90,130 |
Svenska
Cellulosa AB SCA, Class B |
129,070 |
1,770,804 |
Svenska
Handelsbanken AB, Class A |
330,777 |
2,923,998 |
Svenska
Handelsbanken AB, Class B (a) |
7,444 |
81,793 |
Swedbank
AB, Class A |
197,412 |
3,430,317 |
Swedish
Orphan Biovitrum AB * |
43,357 |
1,055,114 |
Tele2
AB, Class B |
117,962 |
1,253,483 |
Telefonaktiebolaget
LM Ericsson, Class A |
11,614 |
71,122 |
Telefonaktiebolaget
LM Ericsson, Class B |
661,482 |
3,641,919 |
Telia
Co. AB |
526,617 |
1,466,192 |
Trelleborg
AB, Class B |
52,064 |
1,308,270 |
Volvo
AB, Class A |
41,060 |
869,493 |
Volvo
AB, Class B |
341,992 |
7,031,598 |
Volvo
Car AB, Class B * |
115,105 |
475,123 |
|
|
115,773,085 |
Switzerland
— 5.8% | ||
ABB
Ltd. (Registered) |
368,016 |
13,275,678 |
Alcon,
Inc. |
107,585 |
7,833,947 |
Baloise
Holding AG (Registered) |
9,834 |
1,646,145 |
Barry
Callebaut AG (Registered) |
770 |
1,644,019 |
Chocoladefabriken
Lindt & Spruengli AG |
223 |
2,753,408 |
Chocoladefabriken
Lindt & Spruengli AG
(Registered) |
23 |
2,835,023 |
Cie
Financiere Richemont SA (Registered) |
112,387 |
18,577,669 |
Credit
Suisse Group AG (Registered) * |
815,969 |
734,247 |
DSM-Firmenich
AG * |
37,630 |
4,924,324 |
EMS-Chemie
Holding AG (Registered) * |
1,459 |
1,198,280 |
Geberit
AG (Registered) |
7,724 |
4,399,298 |
Givaudan
SA (Registered) |
1,711 |
5,985,023 |
Julius
Baer Group Ltd. |
46,030 |
3,298,335 |
Kuehne
+ Nagel International AG
(Registered) (a) |
12,220 |
3,620,250 |
Lonza
Group AG (Registered) |
16,033 |
9,998,824 |
Mediclinic
International plc |
87,023 |
545,518 |
Novartis
AG (Registered) |
517,518 |
52,938,930 |
Partners
Group Holding AG |
4,887 |
4,743,974 |
Schindler
Holding AG |
8,768 |
1,959,401 |
Schindler
Holding AG (Registered) |
4,477 |
956,389 |
SGS
SA (Registered) |
32,667 |
2,956,214 |
Sika
AG (Registered) |
33,101 |
9,143,258 |
Sonova
Holding AG (Registered) |
11,059 |
3,507,100 |
Straumann
Holding AG (Registered) |
25,062 |
3,770,594 |
Swatch
Group AG (The) |
6,232 |
2,137,966 |
Swatch
Group AG (The) (Registered) |
11,796 |
744,185 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Switzerland
— continued | ||
Swiss
Life Holding AG (Registered) |
6,636 |
4,380,139 |
Swisscom
AG (Registered) |
5,465 |
3,752,000 |
UBS
Group AG (Registered) * |
758,850 |
15,444,545 |
Zurich
Insurance Group AG |
32,395 |
15,710,028 |
|
|
205,414,711 |
United
Arab Emirates — 0.0% ^ | ||
NMC
Health plc ‡
* |
300 |
— |
United
Kingdom — 11.8% | ||
3i
Group plc |
209,543 |
4,662,129 |
abrdn
plc |
429,638 |
1,151,314 |
Admiral
Group plc |
59,146 |
1,719,026 |
Ashtead
Group plc |
96,737 |
5,577,482 |
Associated
British Foods plc |
76,699 |
1,889,754 |
AstraZeneca
plc |
333,604 |
49,094,161 |
Auto
Trader Group plc (b) |
208,626 |
1,668,377 |
Aviva
plc |
604,688 |
3,219,565 |
B&M
European Value Retail SA |
183,343 |
1,106,833 |
BAE
Systems plc |
657,751 |
8,379,737 |
Barclays
plc |
3,247,292 |
6,541,385 |
Barratt
Developments plc |
215,524 |
1,355,951 |
Berkeley
Group Holdings plc |
24,106 |
1,349,025 |
BP
plc |
3,935,997 |
26,406,585 |
British
American Tobacco plc |
481,299 |
17,781,972 |
British
Land Co. plc (The), REIT |
201,299 |
1,014,193 |
BT
Group plc |
1,502,283 |
3,000,498 |
Bunzl
plc |
72,703 |
2,894,094 |
Burberry
Group plc |
87,169 |
2,845,369 |
Centrica
plc |
1,271,862 |
1,827,604 |
CK
Hutchison Holdings Ltd. |
576,500 |
3,854,151 |
CNH
Industrial NV |
214,440 |
3,017,565 |
Coca-Cola
Europacific Partners plc |
43,303 |
2,791,744 |
Compass
Group plc |
384,395 |
10,140,709 |
ConvaTec
Group plc (b) |
347,635 |
961,062 |
Croda
International plc |
30,688 |
2,696,231 |
DCC
plc |
21,748 |
1,353,094 |
Dechra
Pharmaceuticals plc |
24,427 |
1,146,629 |
Diageo
plc |
501,947 |
22,896,869 |
Direct
Line Insurance Group plc |
281,432 |
608,300 |
DS
Smith plc |
295,619 |
1,154,174 |
easyJet
plc * |
122,005 |
765,444 |
Entain
plc |
126,779 |
2,310,074 |
Halma
plc |
81,739 |
2,377,247 |
Harbour
Energy plc |
117,011 |
363,999 |
Hargreaves
Lansdown plc |
75,322 |
762,579 |
78
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
United
Kingdom — continued | ||
Hiscox
Ltd. |
76,179 |
1,133,785 |
Howden
Joinery Group plc |
124,601 |
1,074,108 |
HSBC
Holdings plc |
4,299,075 |
30,984,937 |
Imperial
Brands plc |
206,600 |
5,114,197 |
Informa
plc |
304,765 |
2,770,643 |
InterContinental
Hotels Group plc |
40,417 |
2,778,939 |
Intermediate
Capital Group plc |
63,116 |
1,036,356 |
Intertek
Group plc |
34,746 |
1,817,709 |
ITV
plc |
777,517 |
791,372 |
J
Sainsbury plc |
377,430 |
1,311,571 |
JD
Sports Fashion plc |
531,352 |
1,078,414 |
Johnson
Matthey plc |
42,831 |
1,058,083 |
Kingfisher
plc |
419,420 |
1,359,381 |
Land
Securities Group plc, REIT |
161,244 |
1,368,290 |
Legal
& General Group plc |
1,286,037 |
3,794,482 |
Lloyds
Banking Group plc |
14,483,048 |
8,798,768 |
London
Stock Exchange Group plc |
81,730 |
8,581,100 |
M&G
plc |
509,649 |
1,317,207 |
Melrose
Industries plc |
290,971 |
1,498,819 |
National
Grid plc |
834,556 |
11,965,802 |
NatWest
Group plc |
1,089,169 |
3,587,831 |
Next
plc |
27,830 |
2,361,287 |
Ocado
Group plc * |
156,501 |
996,027 |
Pearson
plc |
154,098 |
1,714,462 |
Pepco
Group NV *
(b) |
25,538 |
244,896 |
Persimmon
plc |
68,748 |
1,137,759 |
Phoenix
Group Holdings plc |
182,482 |
1,359,592 |
Reckitt
Benckiser Group plc |
158,577 |
12,814,578 |
RELX
plc |
426,809 |
14,220,719 |
Rentokil
Initial plc |
542,562 |
4,319,474 |
Rightmove
plc |
187,903 |
1,360,056 |
Rolls-Royce
Holdings plc * |
1,801,539 |
3,451,153 |
Sage
Group plc (The) |
236,996 |
2,444,124 |
Schroders
plc |
197,199 |
1,207,826 |
Segro
plc, REIT |
260,372 |
2,741,179 |
Severn
Trent plc |
54,543 |
2,009,014 |
Smith
& Nephew plc |
190,511 |
3,137,671 |
Smiths
Group plc |
75,809 |
1,602,955 |
Spirax-Sarco
Engineering plc |
15,851 |
2,215,019 |
SSE
plc |
225,690 |
5,207,383 |
St.
James's Place plc |
117,176 |
1,782,026 |
Standard
Chartered plc |
523,517 |
4,147,895 |
Tate
& Lyle plc |
86,465 |
886,599 |
Taylor
Wimpey plc |
783,034 |
1,263,713 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
United
Kingdom — continued | ||
Tesco
plc |
1,594,303 |
5,636,583 |
Unilever
plc |
566,072 |
31,520,096 |
United
Utilities Group plc |
146,808 |
1,994,310 |
Vodafone
Group plc |
5,769,919 |
6,930,402 |
Weir
Group plc (The) |
55,715 |
1,289,432 |
Whitbread
plc |
43,370 |
1,775,222 |
Wise
plc, Class A * |
101,156 |
700,387 |
WPP
plc |
231,463 |
2,697,567 |
|
|
419,076,125 |
United
States — 7.2% | ||
CSL
Ltd. |
103,822 |
20,726,689 |
Experian
plc |
208,737 |
7,390,309 |
Ferguson
plc |
44,480 |
6,284,936 |
GSK
plc |
862,777 |
15,558,600 |
Haleon
plc |
1,093,504 |
4,807,808 |
Holcim
AG * |
122,001 |
8,060,938 |
James
Hardie Industries plc, CHDI |
95,674 |
2,134,976 |
Nestle
SA (Registered) |
592,071 |
75,956,536 |
QIAGEN
NV * |
49,698 |
2,222,532 |
Roche
Holding AG |
151,259 |
47,365,275 |
Roche
Holding AG |
5,726 |
1,937,687 |
Sanofi |
247,025 |
26,621,453 |
Schneider
Electric SE |
122,956 |
21,442,530 |
Stellantis
NV |
465,697 |
7,724,320 |
Swiss
Re AG |
62,206 |
6,264,388 |
Tenaris
SA |
98,813 |
1,413,547 |
|
|
255,912,524 |
Total
Common Stocks
(Cost
$3,211,937,245) |
|
3,498,233,152 |
Short-Term
Investments — 2.7% | ||
Investment
Companies — 0.5% | ||
JPMorgan
U.S. Government Money Market
Fund
Class IM Shares, 4.78% (d)
(e)(Cost
$18,160,002) |
18,160,002 |
18,160,002 |
Investment
of Cash Collateral from Securities Loaned — 2.2% | ||
JPMorgan
Securities Lending Money Market
Fund
Agency SL Class Shares, 5.01% (d)
(e) |
67,998,827 |
68,005,627 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
79
|
INVESTMENTS |
SHARES |
VALUE($) |
Short-Term
Investments — continued | ||
Investment
of Cash Collateral from Securities Loaned —
continued | ||
JPMorgan
U.S. Government Money Market
Fund
Class IM Shares, 4.78% (d)
(e) |
8,624,220 |
8,624,220 |
Total
Investment of Cash Collateral from
Securities
Loaned
(Cost
$76,636,647) |
|
76,629,847 |
Total
Short-Term Investments
(Cost
$94,796,649) |
|
94,789,849 |
Total
Investments — 101.5%
(Cost
$3,306,733,894) |
|
3,593,023,001 |
Liabilities
in Excess of Other Assets —
(1.5)% |
|
(52,926,873
) |
NET
ASSETS — 100.0% |
|
3,540,096,128 |
Percentages
indicated are based on net
assets. |
Abbreviations |
|
APAC |
Asia
Pacific |
CHDI |
Clearing
House Electronic Subregister System (CHESS) Depository
Interest |
CVA |
Dutch
Certification |
OYJ |
Public
Limited Company |
Preference |
A
special type of equity investment that shares in the earnings of
the
company, has limited voting rights, and may have a dividend
preference.
Preference shares may also have liquidation
preference. |
REIT |
Real
Estate Investment Trust |
SCA |
Limited
partnership with share capital |
SGPS |
Holding
company |
^ |
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
April
30, 2023. The total value of securities on loan at
April
30, 2023 is $72,676,586. |
|
(b) |
Security
exempt from registration pursuant to
Regulation
S under the Securities Act of 1933, as
amended.
Regulation S applies to securities offerings
that
are made outside of the United States and do not
involve
direct selling efforts in the United States and
as
such may have restrictions on resale. |
|
(c) |
Securities
exempt from registration under Rule 144A
or
section 4(a)(2), of the Securities Act of 1933, as
amended. |
|
(d) |
Investment
in an affiliated fund, which is registered
under
the Investment Company Act of 1940, as
amended,
and is advised by J.P. Morgan Investment
Management
Inc. |
|
(e) |
The
rate shown is the current yield as of April 30,
2023. |
|
INDUSTRY |
PERCENT
OF
TOTAL
INVESTMENTS |
Pharmaceuticals |
9.4
% |
Banks |
8.8 |
Insurance |
5.1 |
Oil,
Gas & Consumable Fuels |
4.3 |
Food
Products |
3.3 |
Textiles,
Apparel & Luxury Goods |
3.3 |
Metals
& Mining |
3.3 |
Machinery |
3.0 |
Automobiles |
2.9 |
Chemicals |
2.9 |
Semiconductors
& Semiconductor Equipment |
2.8 |
Capital
Markets |
2.5 |
Personal
Care Products |
2.1 |
Beverages |
2.1 |
Health
Care Equipment & Supplies |
2.1 |
Diversified
Telecommunication Services |
1.9 |
Trading
Companies & Distributors |
1.9 |
Electric
Utilities |
1.8 |
Electrical
Equipment |
1.8 |
Hotels,
Restaurants & Leisure |
1.7 |
Aerospace
& Defense |
1.6 |
Industrial
Conglomerates |
1.5 |
Professional
Services |
1.5 |
Electronic
Equipment, Instruments & Components |
1.4 |
Consumer
Staples Distribution & Retail |
1.4 |
Financial
Services |
1.3 |
Software |
1.3 |
Household
Durables |
1.2 |
Real
Estate Management & Development |
1.2 |
Building
Products |
1.0 |
Broadline
Retail |
1.0 |
Wireless
Telecommunication Services |
1.0 |
Others
(each less than 1.0%) |
15.0 |
Short-Term
Investments |
2.6 |
80
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
DESCRIPTION |
NUMBER
OF
CONTRACTS |
EXPIRATION
DATE |
TRADING
CURRENCY |
NOTIONAL
AMOUNT
($) |
VALUE
AND
UNREALIZED
APPRECIATION
(DEPRECIATION)
($) |
Long
Contracts |
|
|
|
|
|
MSCI
EAFE E-Mini Index |
391 |
06/16/2023 |
USD |
42,036,410 |
2,027,686 |
Abbreviations |
|
EAFE |
Europe,
Australasia and Far East |
MSCI |
Morgan
Stanley Capital International |
USD |
United
States Dollar |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
81
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — 98.7% | ||
Air
Freight & Logistics — 0.5% | ||
Nippon
Express Holdings, Inc. |
168,500 |
9,887,911 |
SG
Holdings Co. Ltd. |
963,200 |
13,860,280 |
Yamato
Holdings Co. Ltd. |
661,300 |
11,359,537 |
|
|
35,107,728 |
Automobile
Components — 2.2% | ||
Aisin
Corp. |
361,200 |
10,601,752 |
Bridgestone
Corp. |
1,215,300 |
48,804,450 |
Denso
Corp. |
997,700 |
60,224,774 |
Koito
Manufacturing Co. Ltd. |
508,900 |
9,843,885 |
Niterra
Co. Ltd. |
339,300 |
7,111,676 |
Stanley
Electric Co. Ltd. |
298,100 |
6,724,509 |
Sumitomo
Electric Industries Ltd. |
1,571,600 |
20,057,174 |
|
|
163,368,220 |
Automobiles
— 7.4% | ||
Honda
Motor Co. Ltd. |
3,371,200 |
89,414,437 |
Isuzu
Motors Ltd. |
1,231,300 |
14,540,450 |
Mazda
Motor Corp. |
1,188,700 |
10,757,129 |
Mitsubishi
Motors Corp. * |
1,357,400 |
5,217,350 |
Nissan
Motor Co. Ltd. |
4,678,900 |
17,061,311 |
Subaru
Corp. |
1,218,300 |
19,884,871 |
Suzuki
Motor Corp. |
971,900 |
33,888,673 |
Toyota
Motor Corp. |
24,870,300 |
341,470,116 |
Yamaha
Motor Co. Ltd. |
692,700 |
17,962,570 |
|
|
550,196,907 |
Banks
— 5.9% | ||
Bank
of Kyoto Ltd. (The) |
150,200 |
7,390,207 |
Chiba
Bank Ltd. (The) |
1,452,500 |
9,484,872 |
Concordia
Financial Group Ltd. |
2,394,000 |
9,083,696 |
Fukuoka
Financial Group, Inc. |
377,800 |
7,115,895 |
Japan
Post Bank Co. Ltd. |
2,746,800 |
21,934,763 |
Mitsubishi
UFJ Financial Group, Inc. |
24,192,500 |
151,433,795 |
Mizuho
Financial Group, Inc. |
5,027,600 |
72,879,228 |
Resona
Holdings, Inc. |
4,707,800 |
23,463,498 |
SBI
Shinsei Bank Ltd. * |
118,300 |
2,122,890 |
Sumitomo
Mitsui Financial Group, Inc. |
2,722,000 |
111,258,042 |
Sumitomo
Mitsui Trust Holdings, Inc. |
729,200 |
26,286,001 |
|
|
442,452,887 |
Beverages
— 1.0% | ||
Asahi
Group Holdings Ltd. |
1,003,100 |
38,753,866 |
Kirin
Holdings Co. Ltd. |
1,647,100 |
26,757,661 |
Suntory
Beverage & Food Ltd. |
251,300 |
9,460,290 |
|
|
74,971,817 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Broadline
Retail — 0.4% | ||
Pan
Pacific International Holdings Corp. |
1,055,400 |
19,722,188 |
Rakuten
Group, Inc. |
1,826,500 |
9,110,498 |
|
|
28,832,686 |
Building
Products — 1.9% | ||
AGC,
Inc. |
450,400 |
16,793,104 |
Daikin
Industries Ltd. |
580,600 |
105,455,000 |
Lixil
Corp. |
568,800 |
8,953,504 |
TOTO
Ltd. |
315,300 |
10,783,811 |
|
|
141,985,419 |
Capital
Markets — 0.8% | ||
Daiwa
Securities Group, Inc. |
2,951,400 |
13,708,357 |
Japan
Exchange Group, Inc. |
1,046,700 |
16,996,085 |
Nomura
Holdings, Inc. |
5,954,000 |
21,344,507 |
SBI
Holdings, Inc. |
538,400 |
10,515,361 |
|
|
62,564,310 |
Chemicals
— 3.8% | ||
Asahi
Kasei Corp. |
2,759,800 |
19,492,909 |
JSR
Corp. |
413,000 |
9,583,024 |
Kansai
Paint Co. Ltd. |
512,300 |
7,222,396 |
Mitsubishi
Chemical Group Corp. |
2,832,500 |
16,617,269 |
Mitsubishi
Gas Chemical Co., Inc. |
405,300 |
5,900,552 |
Mitsui
Chemicals, Inc. |
373,100 |
9,439,805 |
Nippon
Paint Holdings Co. Ltd. |
2,112,300 |
19,057,685 |
Nippon
Sanso Holdings Corp. |
420,500 |
7,586,950 |
Nissan
Chemical Corp. |
280,000 |
12,443,774 |
Nitto
Denko Corp. |
296,600 |
19,174,666 |
Resonac
Holdings Corp. |
365,600 |
5,789,369 |
Shin-Etsu
Chemical Co. Ltd. |
4,007,700 |
114,363,013 |
Sumitomo
Chemical Co. Ltd. |
3,277,800 |
11,076,415 |
Toray
Industries, Inc. |
3,230,000 |
18,305,381 |
Tosoh
Corp. |
643,400 |
8,596,015 |
|
|
284,649,223 |
Commercial
Services & Supplies — 0.8% | ||
Dai
Nippon Printing Co. Ltd. |
533,200 |
15,327,432 |
Secom
Co. Ltd. |
425,200 |
27,227,254 |
Toppan,
Inc. |
691,700 |
14,704,684 |
|
|
57,259,370 |
Construction
& Engineering — 0.6% | ||
Kajima
Corp. |
941,800 |
12,460,524 |
Obayashi
Corp. |
1,428,100 |
11,905,742 |
82
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Construction
& Engineering — continued | ||
Shimizu
Corp. |
1,342,900 |
8,201,104 |
Taisei
Corp. |
398,100 |
13,539,741 |
|
|
46,107,111 |
Consumer
Finance — 0.1% | ||
Acom
Co. Ltd. |
930,400 |
2,279,610 |
Marui
Group Co. Ltd. |
413,500 |
6,588,148 |
|
|
8,867,758 |
Consumer
Staples Distribution & Retail — 1.9% | ||
Aeon
Co. Ltd. |
1,725,900 |
35,177,296 |
Cosmos
Pharmaceutical Corp. |
42,800 |
4,209,603 |
Kobe
Bussan Co. Ltd. |
281,900 |
7,884,295 |
Lawson,
Inc. |
99,700 |
4,528,539 |
MatsukiyoCocokara
& Co. |
283,300 |
15,170,675 |
Seven
& i Holdings Co. Ltd. |
1,579,100 |
71,560,786 |
Welcia
Holdings Co. Ltd. |
203,000 |
4,250,223 |
|
|
142,781,417 |
Diversified
REITs — 0.4% | ||
Daiwa
House REIT Investment Corp. |
4,229 |
8,997,912 |
Nomura
Real Estate Master Fund, Inc. |
9,334 |
10,921,773 |
United
Urban Investment Corp. |
6,136 |
6,812,920 |
|
|
26,732,605 |
Diversified
Telecommunication Services — 1.0% | ||
Nippon
Telegraph & Telephone Corp. |
2,365,900 |
72,193,019 |
Electric
Utilities — 0.5% | ||
Chubu
Electric Power Co., Inc. |
1,501,000 |
16,739,699 |
Kansai
Electric Power Co., Inc. (The) |
1,636,000 |
17,660,155 |
Tokyo
Electric Power Co. Holdings, Inc. * |
1,590,300 |
5,701,885 |
|
|
40,101,739 |
Electrical
Equipment — 1.6% | ||
Fuji
Electric Co. Ltd. |
295,700 |
11,936,083 |
Mitsubishi
Electric Corp. |
4,251,500 |
52,713,843 |
NIDEC
Corp. |
1,050,900 |
52,000,717 |
|
|
116,650,643 |
Electronic
Equipment, Instruments & Components — 5.3% | ||
Hamamatsu
Photonics KK |
291,000 |
15,427,031 |
Hirose
Electric Co. Ltd. |
61,800 |
8,340,460 |
Ibiden
Co. Ltd. |
279,100 |
10,981,534 |
Keyence
Corp. |
395,400 |
178,308,120 |
Kyocera
Corp. |
687,200 |
36,069,446 |
Murata
Manufacturing Co. Ltd. |
1,270,700 |
72,094,656 |
Omron
Corp. |
408,800 |
23,979,862 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Electronic
Equipment, Instruments & Components —
continued | ||
Shimadzu
Corp. |
544,400 |
17,027,076 |
TDK
Corp. |
769,700 |
26,461,461 |
Yokogawa
Electric Corp. |
473,200 |
7,685,144 |
|
|
396,374,790 |
Entertainment
— 2.2% | ||
Capcom
Co. Ltd. |
316,500 |
11,893,314 |
Koei
Tecmo Holdings Co. Ltd. |
240,100 |
4,415,387 |
Konami
Group Corp. |
198,500 |
9,766,994 |
Nexon
Co. Ltd. |
892,600 |
20,164,153 |
Nintendo
Co. Ltd. |
2,314,000 |
97,829,881 |
Square
Enix Holdings Co. Ltd. |
176,900 |
8,705,097 |
Toho
Co. Ltd. |
251,500 |
9,991,226 |
|
|
162,766,052 |
Financial
Services — 0.8% | ||
GMO
Payment Gateway, Inc. |
88,500 |
6,921,749 |
Mitsubishi
HC Capital, Inc. |
1,568,000 |
8,139,074 |
ORIX
Corp. |
2,322,400 |
39,509,884 |
Tokyo
Century Corp. |
93,100 |
3,202,842 |
|
|
57,773,549 |
Food
Products — 1.7% | ||
Ajinomoto
Co., Inc. |
1,063,300 |
38,240,908 |
Kikkoman
Corp. |
383,200 |
22,698,367 |
MEIJI
Holdings Co. Ltd. |
558,600 |
13,478,859 |
Nisshin
Seifun Group, Inc. |
517,700 |
6,275,274 |
Nissin
Foods Holdings Co. Ltd. |
160,800 |
15,503,063 |
Toyo
Suisan Kaisha Ltd. |
201,600 |
9,000,826 |
Yakult
Honsha Co. Ltd. |
314,900 |
23,684,885 |
|
|
128,882,182 |
Gas
Utilities — 0.4% | ||
Osaka
Gas Co. Ltd. |
824,500 |
13,638,228 |
Tokyo
Gas Co. Ltd. |
800,400 |
16,394,618 |
|
|
30,032,846 |
Ground
Transportation — 3.0% | ||
Central
Japan Railway Co. |
408,300 |
50,547,040 |
East
Japan Railway Co. |
748,400 |
42,824,684 |
Hankyu
Hanshin Holdings, Inc. |
478,100 |
14,926,910 |
Keio
Corp. |
242,300 |
8,999,011 |
Keisei
Electric Railway Co. Ltd. |
341,100 |
12,037,054 |
Kintetsu
Group Holdings Co. Ltd. |
376,900 |
12,723,121 |
Kyushu
Railway Co. |
311,400 |
7,071,515 |
Nagoya
Railroad Co. Ltd. |
388,700 |
6,270,560 |
Odakyu
Electric Railway Co. Ltd. (a) |
692,400 |
9,671,668 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
83
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Ground
Transportation — continued | ||
Seibu
Holdings, Inc. |
537,300 |
6,013,666 |
Tobu
Railway Co. Ltd. |
415,800 |
10,613,627 |
Tokyu
Corp. |
1,237,100 |
17,462,937 |
West
Japan Railway Co. |
482,900 |
20,929,737 |
|
|
220,091,530 |
Health
Care Equipment & Supplies — 2.6% | ||
Asahi
Intecc Co. Ltd. (a) |
467,800 |
8,465,426 |
Hoya
Corp. |
707,200 |
74,153,486 |
Olympus
Corp. |
2,545,100 |
44,555,582 |
Sysmex
Corp. |
336,000 |
21,612,607 |
Terumo
Corp. |
1,480,700 |
44,340,734 |
|
|
193,127,835 |
Health
Care Providers & Services — 0.1% | ||
Medipal
Holdings Corp. |
416,700 |
6,366,310 |
Health
Care Technology — 0.3% | ||
M3,
Inc. |
846,200 |
20,770,807 |
Hotels,
Restaurants & Leisure — 1.2% | ||
McDonald's
Holdings Co. Japan Ltd. (a) |
171,000 |
7,123,901 |
Oriental
Land Co. Ltd. |
2,304,000 |
81,536,689 |
|
|
88,660,590 |
Household
Durables — 4.6% | ||
Haseko
Corp. |
446,800 |
5,454,679 |
Iida
Group Holdings Co. Ltd. |
347,900 |
6,185,417 |
Nikon
Corp. |
687,700 |
7,108,806 |
Open
House Group Co. Ltd. |
140,800 |
5,628,163 |
Panasonic
Holdings Corp. |
4,615,600 |
43,473,332 |
Rinnai
Corp. |
236,900 |
5,725,914 |
Sekisui
Chemical Co. Ltd. |
848,900 |
12,081,929 |
Sekisui
House Ltd. |
1,355,800 |
27,873,431 |
Sharp
Corp. * |
450,800 |
3,212,853 |
Sony
Group Corp. |
2,496,400 |
225,858,663 |
|
|
342,603,187 |
Household
Products — 0.6% | ||
Lion
Corp. |
579,500 |
6,317,608 |
Unicharm
Corp. |
873,100 |
35,246,997 |
|
|
41,564,605 |
Industrial
Conglomerates — 1.8% | ||
Hikari
Tsushin, Inc. |
40,200 |
5,485,092 |
Hitachi
Ltd. |
1,857,100 |
102,724,811 |
Toshiba
Corp. |
858,100 |
27,647,791 |
|
|
135,857,694 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Industrial
REITs — 0.3% | ||
GLP
J-REIT |
9,328 |
10,657,945 |
Nippon
Prologis REIT, Inc. |
5,435 |
12,381,324 |
|
|
23,039,269 |
Insurance
— 3.2% | ||
Dai-ichi
Life Holdings, Inc. |
2,041,500 |
37,973,492 |
Japan
Post Holdings Co. Ltd. |
4,779,400 |
39,343,661 |
Japan
Post Insurance Co. Ltd. |
396,200 |
6,433,928 |
MS&AD
Insurance Group Holdings, Inc. |
881,100 |
28,919,750 |
Sompo
Holdings, Inc. |
687,800 |
28,701,619 |
T&D
Holdings, Inc. |
1,166,600 |
14,286,592 |
Tokio
Marine Holdings, Inc. |
4,038,400 |
81,200,245 |
|
|
236,859,287 |
Interactive
Media & Services — 0.2% | ||
Kakaku.com,
Inc. |
248,200 |
3,414,915 |
Z
Holdings Corp. |
5,288,900 |
14,487,574 |
|
|
17,902,489 |
IT
Services — 2.1% | ||
Fujitsu
Ltd. |
360,200 |
48,006,488 |
Itochu
Techno-Solutions Corp. |
185,000 |
4,790,684 |
NEC
Corp. |
539,500 |
20,746,644 |
Nomura
Research Institute Ltd. |
883,900 |
22,238,524 |
NTT
Data Corp. |
1,276,900 |
17,344,324 |
Obic
Co. Ltd. |
130,300 |
20,076,001 |
Otsuka
Corp. |
232,600 |
8,466,415 |
SCSK
Corp. |
303,400 |
4,580,678 |
TIS,
Inc. |
452,600 |
12,428,271 |
|
|
158,678,029 |
Leisure
Products — 1.0% | ||
Bandai
Namco Holdings, Inc. |
1,319,100 |
29,963,912 |
Sega
Sammy Holdings, Inc. |
319,900 |
5,979,418 |
Shimano,
Inc. |
165,900 |
25,656,848 |
Yamaha
Corp. |
340,900 |
13,434,745 |
|
|
75,034,923 |
Machinery
— 5.1% | ||
Daifuku
Co. Ltd. |
751,600 |
13,848,069 |
FANUC
Corp. |
1,898,900 |
64,128,158 |
Hitachi
Construction Machinery Co. Ltd. |
204,000 |
5,026,943 |
Hoshizaki
Corp. |
234,500 |
8,259,365 |
Kawasaki
Heavy Industries Ltd. |
332,200 |
7,226,766 |
Komatsu
Ltd. |
1,926,500 |
47,911,807 |
Kubota
Corp. |
2,239,300 |
33,932,115 |
Kurita
Water Industries Ltd. |
211,200 |
8,851,154 |
84
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Machinery
— continued | ||
Makita
Corp. |
554,900 |
15,654,122 |
MINEBEA
MITSUMI, Inc. |
803,000 |
14,870,467 |
MISUMI
Group, Inc. |
563,900 |
14,225,622 |
Mitsubishi
Heavy Industries Ltd. |
667,500 |
25,311,765 |
NGK
Insulators Ltd. |
533,400 |
6,695,144 |
NSK
Ltd. |
970,900 |
5,481,623 |
SMC
Corp. |
121,600 |
60,647,371 |
Toyota
Industries Corp. |
406,900 |
23,648,173 |
Yaskawa
Electric Corp. |
527,400 |
21,478,704 |
|
|
377,197,368 |
Marine
Transportation — 0.6% | ||
Mitsui
OSK Lines Ltd. (a) |
717,100 |
17,777,355 |
Nippon
Yusen KK (a) |
1,010,600 |
23,889,484 |
|
|
41,666,839 |
Media
— 0.4% | ||
CyberAgent,
Inc. |
820,900 |
7,163,667 |
Dentsu
Group, Inc. |
444,100 |
16,003,075 |
Hakuhodo
DY Holdings, Inc. |
601,700 |
7,090,034 |
|
|
30,256,776 |
Metals
& Mining — 1.0% | ||
JFE
Holdings, Inc. |
1,142,900 |
13,520,853 |
Nippon
Steel Corp. |
1,881,100 |
40,175,446 |
Sumitomo
Metal Mining Co. Ltd. |
540,500 |
19,949,158 |
|
|
73,645,457 |
Office
REITs — 0.5% | ||
Japan
Prime Realty Investment Corp. |
1,970 |
5,122,335 |
Japan
Real Estate Investment Corp. |
2,745 |
10,876,792 |
Nippon
Building Fund, Inc. |
3,365 |
14,110,172 |
Orix
JREIT, Inc. |
5,457 |
7,054,221 |
|
|
37,163,520 |
Oil,
Gas & Consumable Fuels — 0.7% | ||
ENEOS
Holdings, Inc. |
6,394,500 |
22,748,594 |
Idemitsu
Kosan Co. Ltd. |
448,252 |
9,544,650 |
Inpex
Corp. |
2,085,700 |
22,823,926 |
|
|
55,117,170 |
Paper
& Forest Products — 0.1% | ||
Oji
Holdings Corp. |
2,008,200 |
7,891,624 |
Passenger
Airlines — 0.2% | ||
ANA
Holdings, Inc. *
(a) |
316,300 |
6,899,468 |
Japan
Airlines Co. Ltd. |
285,800 |
5,452,090 |
|
|
12,351,558 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Personal
Care Products — 1.2% | ||
Kao
Corp. |
922,400 |
37,272,802 |
Kobayashi
Pharmaceutical Co. Ltd. |
110,100 |
6,870,463 |
Kose
Corp. |
70,800 |
8,262,025 |
Shiseido
Co. Ltd. |
791,700 |
39,684,591 |
|
|
92,089,881 |
Pharmaceuticals
— 6.3% | ||
Astellas
Pharma, Inc. |
3,635,100 |
54,761,199 |
Chugai
Pharmaceutical Co. Ltd. |
1,262,900 |
32,589,969 |
Daiichi
Sankyo Co. Ltd. |
3,854,600 |
132,269,116 |
Eisai
Co. Ltd. |
587,400 |
33,894,926 |
Kyowa
Kirin Co. Ltd. |
502,100 |
11,172,427 |
Nippon
Shinyaku Co. Ltd. |
121,300 |
5,546,890 |
Ono
Pharmaceutical Co. Ltd. |
942,300 |
18,973,302 |
Otsuka
Holdings Co. Ltd. |
1,104,200 |
37,565,729 |
Santen
Pharmaceutical Co. Ltd. |
768,600 |
6,466,716 |
Shionogi
& Co. Ltd. |
554,300 |
24,812,986 |
Sumitomo
Pharma Co. Ltd. |
377,500 |
2,368,298 |
Taisho
Pharmaceutical Holdings Co. Ltd. |
113,300 |
4,892,964 |
Takeda
Pharmaceutical Co. Ltd. |
3,132,100 |
103,857,820 |
|
|
469,172,342 |
Professional
Services — 1.4% | ||
Nihon
M&A Center Holdings, Inc. |
593,800 |
4,538,915 |
Persol
Holdings Co. Ltd. |
374,300 |
7,717,847 |
Recruit
Holdings Co. Ltd. |
3,357,900 |
94,201,208 |
|
|
106,457,970 |
Real
Estate Management & Development — 2.1% | ||
Daito
Trust Construction Co. Ltd. |
136,600 |
12,946,632 |
Daiwa
House Industry Co. Ltd. |
1,319,700 |
33,637,142 |
Hulic
Co. Ltd. |
1,186,200 |
10,213,245 |
Mitsubishi
Estate Co. Ltd. |
2,490,500 |
30,693,678 |
Mitsui
Fudosan Co. Ltd. |
1,888,100 |
37,501,479 |
Nomura
Real Estate Holdings, Inc. |
227,500 |
5,669,079 |
Sumitomo
Realty & Development Co. Ltd. |
942,400 |
22,004,317 |
Tokyu
Fudosan Holdings Corp. |
1,197,400 |
6,076,559 |
|
|
158,742,131 |
Residential
REITs — 0.1% | ||
Advance
Residence Investment Corp. |
2,745 |
7,122,189 |
Retail
REITs — 0.1% | ||
Japan
Metropolitan Fund Invest |
13,837 |
10,131,665 |
Semiconductors
& Semiconductor Equipment — 3.2% | ||
Advantest
Corp. |
359,800 |
28,039,903 |
Disco
Corp. |
175,700 |
20,004,369 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
85
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Semiconductors
& Semiconductor Equipment — continued | ||
Lasertec
Corp. |
153,100 |
20,828,647 |
Renesas
Electronics Corp. * |
2,791,500 |
36,380,082 |
Rohm
Co. Ltd. |
173,200 |
13,039,914 |
SUMCO
Corp. |
692,600 |
9,538,249 |
Tokyo
Electron Ltd. |
933,600 |
106,902,342 |
|
|
234,733,506 |
Software
— 0.3% | ||
Oracle
Corp. |
66,100 |
4,743,918 |
Trend
Micro, Inc. |
279,000 |
13,632,914 |
|
|
18,376,832 |
Specialty
Retail — 1.7% | ||
ABC-Mart,
Inc. |
62,000 |
3,523,383 |
Fast
Retailing Co. Ltd. |
371,200 |
87,900,768 |
Nitori
Holdings Co. Ltd. |
172,000 |
21,901,777 |
USS
Co. Ltd. |
427,700 |
7,187,067 |
ZOZO,
Inc. |
221,500 |
4,661,325 |
|
|
125,174,320 |
Technology
Hardware, Storage & Peripherals — 1.6% | ||
Brother
Industries Ltd. |
509,900 |
8,008,107 |
Canon,
Inc. |
2,059,100 |
49,042,323 |
FUJIFILM
Holdings Corp. |
794,500 |
41,409,318 |
Ricoh
Co. Ltd. |
1,206,900 |
9,992,805 |
Seiko
Epson Corp. |
632,800 |
9,677,878 |
|
|
118,130,431 |
Textiles,
Apparel & Luxury Goods — 0.1% | ||
Asics
Corp. |
375,300 |
10,490,135 |
Tobacco
— 0.6% | ||
Japan
Tobacco, Inc. |
2,177,600 |
46,855,178 |
Trading
Companies & Distributors — 5.8% | ||
ITOCHU
Corp. |
2,918,100 |
96,807,559 |
Marubeni
Corp. |
3,401,500 |
48,278,166 |
Mitsubishi
Corp. |
2,918,500 |
108,205,935 |
Mitsui
& Co. Ltd. |
3,152,100 |
98,404,499 |
MonotaRO
Co. Ltd. (a) |
486,100 |
7,354,158 |
Sojitz
Corp. |
411,700 |
8,671,029 |
Sumitomo
Corp. |
2,477,700 |
44,407,484 |
Toyota
Tsusho Corp. |
469,600 |
19,520,007 |
|
|
431,648,837 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Transportation
Infrastructure — 0.1% | ||
Japan
Airport Terminal Co. Ltd. |
184,100 |
9,021,454 |
Wireless
Telecommunication Services — 3.3% | ||
KDDI
Corp. |
3,099,800 |
96,769,972 |
SoftBank
Corp. |
5,497,300 |
61,893,067 |
SoftBank
Group Corp. |
2,353,300 |
88,254,447 |
|
|
246,917,486 |
Total
Common Stocks
(Cost
$7,967,112,205) |
|
7,351,563,502 |
Short-Term
Investments — 0.5% | ||
Investment
of Cash Collateral from Securities Loaned — 0.5% | ||
JPMorgan
Securities Lending Money Market
Fund
Agency SL Class Shares, 5.01% (b)
(c) |
35,321,570 |
35,325,102 |
JPMorgan
U.S. Government Money Market
Fund
Class IM Shares, 4.78% (b)
(c) |
5,162,515 |
5,162,515 |
Total
Investment of Cash Collateral from
Securities
Loaned
(Cost
$40,494,214) |
|
40,487,617 |
Total
Investments — 99.2%
(Cost
$8,007,606,419) |
|
7,392,051,119 |
Other
Assets Less Liabilities — 0.8% |
|
57,742,194 |
NET
ASSETS — 100.0% |
|
7,449,793,313 |
Percentages
indicated are based on net
assets. |
Abbreviations |
|
REIT |
Real
Estate Investment Trust |
* |
Non-income
producing security.
|
(a) |
The
security or a portion of this security is on loan at April 30,
2023.
The total value of securities on loan at April 30, 2023 is
$38,169,726. |
(b) |
Investment
in an affiliated fund, which is registered under the
Investment
Company Act of 1940, as amended, and is advised by
J.P.
Morgan Investment Management Inc. |
(c) |
The
rate shown is the current yield as of April 30,
2023. |
86
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
DESCRIPTION |
NUMBER
OF
CONTRACTS |
EXPIRATION
DATE |
TRADING
CURRENCY |
NOTIONAL
AMOUNT
($) |
VALUE
AND
UNREALIZED
APPRECIATION
(DEPRECIATION)
($) |
Long
Contracts |
|
|
|
|
|
TOPIX
Index |
629 |
06/08/2023 |
JPY |
95,773,093 |
3,879,530 |
Abbreviations |
|
JPY |
Japanese
Yen |
TOPIX |
Tokyo
Stock Price Index |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
87
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — 99.5% | ||
Aerospace
& Defense — 1.7% | ||
Boeing
Co. (The) * |
23,524 |
4,864,293 |
General
Dynamics Corp. |
9,423 |
2,057,418 |
HEICO
Corp. |
1,664 |
280,617 |
HEICO
Corp., Class A |
2,918 |
391,683 |
Howmet
Aerospace, Inc. |
15,431 |
683,439 |
Huntington
Ingalls Industries, Inc. |
1,665 |
335,764 |
L3Harris
Technologies, Inc. |
7,951 |
1,551,638 |
Lockheed
Martin Corp. |
9,507 |
4,415,526 |
Northrop
Grumman Corp. |
6,038 |
2,785,148 |
Raytheon
Technologies Corp. |
61,351 |
6,128,965 |
Textron,
Inc. |
8,726 |
584,118 |
TransDigm
Group, Inc. |
2,157 |
1,650,105 |
|
|
25,728,714 |
Air
Freight & Logistics — 0.6% | ||
CH
Robinson Worldwide, Inc. |
4,927 |
496,987 |
Expeditors
International of Washington, Inc. |
6,651 |
757,150 |
FedEx
Corp. |
9,736 |
2,217,666 |
United
Parcel Service, Inc., Class B |
30,531 |
5,489,779 |
|
|
8,961,582 |
Automobile
Components — 0.1% | ||
Aptiv
plc * |
11,356 |
1,168,078 |
BorgWarner,
Inc. |
9,807 |
472,011 |
Lear
Corp. |
2,474 |
315,831 |
|
|
1,955,920 |
Automobiles
— 1.5% | ||
Ford
Motor Co. |
163,941 |
1,947,619 |
General
Motors Co. |
58,379 |
1,928,842 |
Lucid
Group, Inc. *
(a) |
26,755 |
212,435 |
Rivian
Automotive, Inc., Class A *
(a) |
22,941 |
294,103 |
Tesla,
Inc. * |
112,609 |
18,502,785 |
|
|
22,885,784 |
Banks
— 3.0% | ||
Bank
of America Corp. |
292,213 |
8,556,026 |
Citigroup,
Inc. |
81,095 |
3,817,142 |
Citizens
Financial Group, Inc. |
20,606 |
637,550 |
Comerica,
Inc. |
5,465 |
237,017 |
East
West Bancorp, Inc. |
5,882 |
304,040 |
Fifth
Third Bancorp |
28,623 |
749,923 |
First
Republic Bank (a)
(b) |
7,780 |
27,308 |
Huntington
Bancshares, Inc. |
60,397 |
676,446 |
JPMorgan
Chase & Co. (c) |
122,779 |
16,972,969 |
KeyCorp |
39,062 |
439,838 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Banks
— continued | ||
M&T
Bank Corp. |
7,074 |
889,909 |
PNC
Financial Services Group, Inc. (The) |
16,792 |
2,187,158 |
Regions
Financial Corp. |
39,087 |
713,729 |
Truist
Financial Corp. |
55,528 |
1,809,102 |
US
Bancorp |
58,298 |
1,998,455 |
Wells
Fargo & Co. |
159,525 |
6,341,119 |
Zions
Bancorp NA |
6,251 |
174,153 |
|
|
46,531,884 |
Beverages
— 1.8% | ||
Brown-Forman
Corp., Class A |
2,352 |
154,950 |
Brown-Forman
Corp., Class B |
7,672 |
499,370 |
Coca-Cola
Co. (The) |
162,925 |
10,451,639 |
Constellation
Brands, Inc., Class A |
6,814 |
1,563,608 |
Keurig
Dr Pepper, Inc. |
35,584 |
1,163,597 |
Molson
Coors Beverage Co., Class B |
7,862 |
467,632 |
Monster
Beverage Corp. * |
31,904 |
1,786,624 |
PepsiCo,
Inc. |
57,676 |
11,009,772 |
|
|
27,097,192 |
Biotechnology
— 2.4% | ||
AbbVie,
Inc. |
74,055 |
11,191,192 |
Alnylam
Pharmaceuticals, Inc. * |
5,168 |
1,029,466 |
Amgen,
Inc. |
22,331 |
5,353,634 |
Biogen,
Inc. * |
6,043 |
1,838,462 |
BioMarin
Pharmaceutical, Inc. * |
7,782 |
747,383 |
Exact
Sciences Corp. * |
7,432 |
476,168 |
Gilead
Sciences, Inc. |
52,193 |
4,290,786 |
Horizon
Therapeutics plc * |
9,481 |
1,053,908 |
Incyte
Corp. * |
7,753 |
576,901 |
Moderna,
Inc. * |
13,846 |
1,839,995 |
Neurocrine
Biosciences, Inc. * |
4,051 |
409,313 |
Regeneron
Pharmaceuticals, Inc. * |
4,502 |
3,609,658 |
Seagen,
Inc. * |
5,751 |
1,150,200 |
Vertex
Pharmaceuticals, Inc. * |
10,752 |
3,663,529 |
|
|
37,230,595 |
Broadline
Retail — 2.9% | ||
Amazon.com,
Inc. * |
373,202 |
39,354,151 |
Coupang,
Inc. (South Korea) * |
42,739 |
716,306 |
eBay,
Inc. |
22,700 |
1,053,961 |
Etsy,
Inc. * |
5,270 |
532,428 |
MercadoLibre,
Inc. (Brazil) * |
1,951 |
2,492,383 |
|
|
44,149,229 |
88
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Building
Products — 0.5% | ||
Allegion
plc |
3,679 |
406,456 |
Carrier
Global Corp. |
34,917 |
1,460,229 |
Fortune
Brands Innovations, Inc. |
5,365 |
347,062 |
Johnson
Controls International plc |
28,765 |
1,721,298 |
Lennox
International, Inc. |
1,337 |
376,914 |
Masco
Corp. |
9,429 |
504,546 |
Owens
Corning |
3,887 |
415,170 |
Trane
Technologies plc |
9,572 |
1,778,573 |
|
|
7,010,248 |
Capital
Markets — 3.0% | ||
Ameriprise
Financial, Inc. |
4,421 |
1,348,935 |
Bank
of New York Mellon Corp. (The) |
30,790 |
1,311,346 |
BlackRock,
Inc. |
6,256 |
4,199,027 |
Blackstone,
Inc. |
29,709 |
2,653,905 |
Carlyle
Group, Inc. (The) |
9,134 |
277,034 |
Charles
Schwab Corp. (The) |
63,870 |
3,336,569 |
CME
Group, Inc. |
15,070 |
2,799,554 |
Coinbase
Global, Inc., Class A *
(a) |
6,652 |
357,811 |
FactSet
Research Systems, Inc. |
1,606 |
661,174 |
Franklin
Resources, Inc. |
11,935 |
320,813 |
Goldman
Sachs Group, Inc. (The) |
14,194 |
4,874,787 |
Intercontinental
Exchange, Inc. |
23,395 |
2,548,417 |
Invesco
Ltd. |
19,020 |
325,813 |
Jefferies
Financial Group, Inc. |
7,556 |
242,019 |
KKR
& Co., Inc. |
24,156 |
1,281,959 |
LPL
Financial Holdings, Inc. |
3,314 |
692,096 |
MarketAxess
Holdings, Inc. |
1,583 |
503,980 |
Moody's
Corp. |
6,592 |
2,064,087 |
Morgan
Stanley |
54,685 |
4,920,009 |
MSCI,
Inc. |
3,340 |
1,611,383 |
Nasdaq,
Inc. |
14,207 |
786,642 |
Northern
Trust Corp. |
8,713 |
681,008 |
Raymond
James Financial, Inc. |
8,125 |
735,556 |
S&P
Global, Inc. |
13,801 |
5,003,966 |
SEI
Investments Co. |
4,249 |
250,309 |
State
Street Corp. |
14,634 |
1,057,453 |
T.
Rowe Price Group, Inc. |
9,396 |
1,055,453 |
|
|
45,901,105 |
Chemicals
— 1.7% | ||
Air
Products and Chemicals, Inc. |
9,310 |
2,740,492 |
Albemarle
Corp. |
4,907 |
910,052 |
Celanese
Corp. |
4,168 |
442,808 |
CF
Industries Holdings, Inc. |
8,212 |
587,815 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Chemicals
— continued | ||
Corteva,
Inc. |
29,851 |
1,824,493 |
Dow,
Inc. |
29,509 |
1,605,290 |
DuPont
de Nemours, Inc. |
19,203 |
1,338,833 |
Eastman
Chemical Co. |
4,968 |
418,653 |
Ecolab,
Inc. |
10,360 |
1,738,823 |
FMC
Corp. |
5,281 |
652,626 |
International
Flavors & Fragrances, Inc. |
10,673 |
1,034,854 |
Linde
plc |
20,607 |
7,613,256 |
LyondellBasell
Industries NV, Class A |
10,637 |
1,006,367 |
Mosaic
Co. (The) |
14,262 |
611,127 |
PPG
Industries, Inc. |
9,840 |
1,380,158 |
Sherwin-Williams
Co. (The) |
9,869 |
2,344,282 |
Westlake
Corp. |
1,417 |
161,226 |
|
|
26,411,155 |
Commercial
Services & Supplies — 0.5% | ||
Cintas
Corp. |
3,625 |
1,652,166 |
Copart,
Inc. * |
17,955 |
1,419,343 |
Republic
Services, Inc. |
8,601 |
1,243,876 |
Rollins,
Inc. |
9,704 |
409,994 |
Waste
Management, Inc. |
15,554 |
2,582,742 |
|
|
7,308,121 |
Communications
Equipment — 0.8% | ||
Arista
Networks, Inc. * |
10,350 |
1,657,656 |
Cisco
Systems, Inc. |
171,963 |
8,125,252 |
F5,
Inc. * |
2,510 |
337,243 |
Juniper
Networks, Inc. |
13,560 |
408,834 |
Motorola
Solutions, Inc. |
6,997 |
2,038,926 |
|
|
12,567,911 |
Construction
& Engineering — 0.1% | ||
Quanta
Services, Inc. |
5,999 |
1,017,670 |
Construction
Materials — 0.1% | ||
Martin
Marietta Materials, Inc. |
2,583 |
938,145 |
Vulcan
Materials Co. |
5,581 |
977,345 |
|
|
1,915,490 |
Consumer
Finance — 0.5% | ||
Ally
Financial, Inc. |
12,549 |
331,043 |
American
Express Co. |
24,936 |
4,023,174 |
Capital
One Financial Corp. |
15,967 |
1,553,589 |
Discover
Financial Services |
11,170 |
1,155,760 |
Synchrony
Financial |
18,320 |
540,623 |
|
|
7,604,189 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
89
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Consumer
Staples Distribution & Retail — 1.9% | ||
Albertsons
Cos., Inc., Class A |
6,709 |
140,218 |
Costco
Wholesale Corp. |
18,563 |
9,341,273 |
Dollar
General Corp. |
9,369 |
2,074,859 |
Dollar
Tree, Inc. * |
8,694 |
1,336,355 |
Kroger
Co. (The) |
27,248 |
1,325,070 |
Sysco
Corp. |
21,256 |
1,631,185 |
Target
Corp. |
19,272 |
3,040,158 |
Walgreens
Boots Alliance, Inc. |
29,968 |
1,056,372 |
Walmart,
Inc. |
58,704 |
8,862,543 |
|
|
28,808,033 |
Containers
& Packaging — 0.3% | ||
Amcor
plc |
62,216 |
682,510 |
Avery
Dennison Corp. |
3,377 |
589,219 |
Ball
Corp. |
13,141 |
698,838 |
Crown
Holdings, Inc. |
5,010 |
429,758 |
International
Paper Co. |
14,876 |
492,544 |
Packaging
Corp. of America |
3,853 |
521,157 |
Sealed
Air Corp. |
6,068 |
291,203 |
WestRock
Co. |
10,662 |
319,114 |
|
|
4,024,343 |
Distributors
— 0.1% | ||
Genuine
Parts Co. |
5,883 |
990,168 |
LKQ
Corp. |
10,631 |
613,728 |
Pool
Corp. |
1,636 |
574,759 |
|
|
2,178,655 |
Diversified
REITs — 0.0% ^ | ||
WP
Carey, Inc. |
8,794 |
652,515 |
Diversified
Telecommunication Services — 0.8% | ||
AT&T,
Inc. |
298,423 |
5,273,134 |
Lumen
Technologies, Inc. |
38,587 |
91,451 |
Verizon
Communications, Inc. |
175,836 |
6,827,712 |
|
|
12,192,297 |
Electric
Utilities — 1.8% | ||
Alliant
Energy Corp. |
10,523 |
580,238 |
American
Electric Power Co., Inc. |
21,492 |
1,986,291 |
Avangrid,
Inc. |
2,909 |
117,116 |
Constellation
Energy Corp. |
13,673 |
1,058,290 |
Duke
Energy Corp. |
32,252 |
3,189,078 |
Edison
International |
15,989 |
1,176,790 |
Entergy
Corp. |
8,530 |
917,657 |
Evergy,
Inc. |
9,589 |
595,573 |
Eversource
Energy |
14,600 |
1,133,106 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Electric
Utilities — continued | ||
Exelon
Corp. |
41,583 |
1,764,783 |
FirstEnergy
Corp. |
22,719 |
904,216 |
NextEra
Energy, Inc. |
83,199 |
6,375,539 |
NRG
Energy, Inc. |
9,621 |
328,750 |
PG&E
Corp. * |
67,386 |
1,152,974 |
Pinnacle
West Capital Corp. |
4,710 |
369,547 |
PPL
Corp. |
30,819 |
885,122 |
Southern
Co. (The) |
45,569 |
3,351,600 |
Xcel
Energy, Inc. |
22,918 |
1,602,197 |
|
|
27,488,867 |
Electrical
Equipment — 0.6% | ||
AMETEK,
Inc. |
9,594 |
1,323,300 |
Eaton
Corp. plc |
16,666 |
2,785,222 |
Emerson
Electric Co. |
23,915 |
1,991,163 |
Generac
Holdings, Inc. * |
2,630 |
268,839 |
Hubbell,
Inc. |
2,221 |
598,160 |
Plug
Power, Inc. *
(a) |
21,981 |
198,488 |
Rockwell
Automation, Inc. |
4,819 |
1,365,753 |
Sensata
Technologies Holding plc |
6,422 |
279,036 |
|
|
8,809,961 |
Electronic
Equipment, Instruments & Components — 0.6% | ||
Amphenol
Corp., Class A |
24,905 |
1,879,580 |
CDW
Corp. |
5,677 |
962,762 |
Cognex
Corp. |
7,257 |
346,086 |
Corning,
Inc. |
31,880 |
1,059,054 |
Flex
Ltd. * |
18,883 |
388,423 |
Keysight
Technologies, Inc. * |
7,457 |
1,078,581 |
TE
Connectivity Ltd. |
13,234 |
1,619,445 |
Teledyne
Technologies, Inc. * |
1,973 |
817,611 |
Trimble,
Inc. * |
10,317 |
485,931 |
Zebra
Technologies Corp., Class A * |
2,149 |
618,976 |
|
|
9,256,449 |
Energy
Equipment & Services — 0.4% | ||
Baker
Hughes Co. |
42,128 |
1,231,823 |
Halliburton
Co. |
37,837 |
1,239,162 |
Schlumberger
NV |
59,456 |
2,934,153 |
|
|
5,405,138 |
Entertainment
— 1.3% | ||
Activision
Blizzard, Inc. * |
29,827 |
2,317,856 |
Electronic
Arts, Inc. |
10,926 |
1,390,661 |
Live
Nation Entertainment, Inc. * |
5,986 |
405,731 |
Netflix,
Inc. * |
18,623 |
6,144,286 |
90
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Entertainment
— continued | ||
ROBLOX
Corp., Class A * |
15,182 |
540,479 |
Roku,
Inc. * |
5,080 |
285,547 |
Take-Two
Interactive Software, Inc. * |
6,629 |
823,919 |
Walt
Disney Co. (The) * |
76,455 |
7,836,638 |
|
|
19,745,117 |
Financial
Services — 4.4% | ||
Apollo
Global Management, Inc. |
18,190 |
1,153,064 |
Berkshire
Hathaway, Inc., Class B * |
75,432 |
24,783,184 |
Block,
Inc. * |
22,507 |
1,368,200 |
Corebridge
Financial, Inc. |
3,245 |
54,711 |
Equitable
Holdings, Inc. |
14,402 |
374,308 |
Fidelity
National Information Services, Inc. |
24,859 |
1,459,720 |
Fiserv,
Inc. * |
26,591 |
3,247,293 |
FleetCor
Technologies, Inc. * |
3,062 |
655,023 |
Global
Payments, Inc. |
11,021 |
1,242,177 |
Jack
Henry & Associates, Inc. |
3,034 |
495,574 |
Mastercard,
Inc., Class A |
35,318 |
13,421,899 |
PayPal
Holdings, Inc. * |
47,347 |
3,598,372 |
Visa,
Inc., Class A |
68,037 |
15,834,251 |
Voya
Financial, Inc. |
4,066 |
310,968 |
|
|
67,998,744 |
Food
Products — 1.1% | ||
Archer-Daniels-Midland
Co. |
22,911 |
1,788,891 |
Bunge
Ltd. |
6,258 |
585,749 |
Campbell
Soup Co. |
8,377 |
454,871 |
Conagra
Brands, Inc. |
19,971 |
758,099 |
General
Mills, Inc. |
24,676 |
2,187,034 |
Hershey
Co. (The) |
6,153 |
1,680,138 |
Hormel
Foods Corp. |
12,142 |
491,022 |
J
M Smucker Co. (The) |
4,470 |
690,213 |
Kellogg
Co. |
10,710 |
747,237 |
Kraft
Heinz Co. (The) |
33,321 |
1,308,516 |
Lamb
Weston Holdings, Inc. |
6,038 |
675,109 |
McCormick
& Co., Inc. (Non-Voting) |
10,512 |
923,479 |
Mondelez
International, Inc., Class A |
57,065 |
4,378,027 |
Tyson
Foods, Inc., Class A |
11,950 |
746,755 |
|
|
17,415,140 |
Gas
Utilities — 0.1% | ||
Atmos
Energy Corp. |
6,008 |
685,753 |
UGI
Corp. |
8,755 |
296,620 |
|
|
982,373 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Ground
Transportation — 0.9% | ||
CSX
Corp. |
88,031 |
2,697,270 |
JB
Hunt Transport Services, Inc. |
3,452 |
605,101 |
Norfolk
Southern Corp. |
9,524 |
1,933,658 |
Old
Dominion Freight Line, Inc. |
3,781 |
1,211,395 |
Uber
Technologies, Inc. * |
83,511 |
2,593,016 |
Union
Pacific Corp. |
25,595 |
5,008,941 |
|
|
14,049,381 |
Health
Care Equipment & Supplies — 2.8% | ||
Abbott
Laboratories |
72,994 |
8,063,647 |
Align
Technology, Inc. * |
3,021 |
982,731 |
Baxter
International, Inc. |
21,104 |
1,006,239 |
Becton
Dickinson & Co. |
11,887 |
3,141,853 |
Boston
Scientific Corp. * |
59,952 |
3,124,698 |
Cooper
Cos., Inc. (The) |
2,064 |
787,313 |
Dentsply
Sirona, Inc. |
9,001 |
377,412 |
Dexcom,
Inc. * |
16,156 |
1,960,369 |
Edwards
Lifesciences Corp. * |
25,879 |
2,276,835 |
Hologic,
Inc. * |
10,314 |
887,107 |
IDEXX
Laboratories, Inc. * |
3,445 |
1,695,491 |
Insulet
Corp. * |
2,903 |
923,270 |
Intuitive
Surgical, Inc. * |
14,681 |
4,422,211 |
Medtronic
plc |
55,696 |
5,065,551 |
Novocure
Ltd. * |
3,769 |
248,377 |
ResMed,
Inc. |
6,151 |
1,482,145 |
STERIS
plc |
4,150 |
782,483 |
Stryker
Corp. |
14,096 |
4,223,866 |
Teleflex,
Inc. |
1,974 |
537,955 |
Zimmer
Biomet Holdings, Inc. |
8,766 |
1,213,565 |
|
|
43,203,118 |
Health
Care Providers & Services — 3.0% | ||
agilon
health, Inc. * |
8,268 |
200,664 |
AmerisourceBergen
Corp. |
6,749 |
1,126,071 |
Cardinal
Health, Inc. |
10,776 |
884,710 |
Centene
Corp. * |
23,052 |
1,588,974 |
Cigna
Group (The) |
12,485 |
3,162,326 |
CVS
Health Corp. |
53,765 |
3,941,512 |
DaVita,
Inc. * |
2,316 |
209,274 |
Elevance
Health, Inc. |
9,981 |
4,677,596 |
HCA
Healthcare, Inc. |
8,890 |
2,554,364 |
Henry
Schein, Inc. * |
5,683 |
459,243 |
Humana,
Inc. |
5,244 |
2,781,889 |
Laboratory
Corp. of America Holdings |
3,707 |
840,414 |
McKesson
Corp. |
5,734 |
2,088,552 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
91
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Health
Care Providers & Services — continued | ||
Molina
Healthcare, Inc. * |
2,447 |
728,937 |
Quest
Diagnostics, Inc. |
4,635 |
643,384 |
UnitedHealth
Group, Inc. |
39,100 |
19,240,719 |
Universal
Health Services, Inc., Class B |
2,660 |
399,931 |
|
|
45,528,560 |
Health
Care REITs — 0.2% | ||
Healthpeak
Properties, Inc. |
22,893 |
502,959 |
Ventas,
Inc. |
16,754 |
805,030 |
Welltower,
Inc. |
19,772 |
1,566,338 |
|
|
2,874,327 |
Health
Care Technology — 0.1% | ||
Veeva
Systems, Inc., Class A * |
5,881 |
1,053,169 |
Hotel
& Resort REITs — 0.0% ^ | ||
Host
Hotels & Resorts, Inc. |
29,932 |
484,000 |
Hotels,
Restaurants & Leisure — 2.3% | ||
Airbnb,
Inc., Class A * |
16,686 |
1,996,814 |
Aramark |
10,922 |
378,993 |
Booking
Holdings, Inc. * |
1,626 |
4,367,940 |
Caesars
Entertainment, Inc. * |
8,988 |
407,067 |
Carnival
Corp. * |
41,942 |
386,286 |
Chipotle
Mexican Grill, Inc. * |
1,165 |
2,408,777 |
Darden
Restaurants, Inc. |
5,075 |
771,045 |
Domino's
Pizza, Inc. |
1,501 |
476,522 |
DoorDash,
Inc., Class A * |
11,013 |
673,886 |
Expedia
Group, Inc. * |
6,185 |
581,143 |
Hilton
Worldwide Holdings, Inc. |
11,146 |
1,605,247 |
Las
Vegas Sands Corp. * |
13,777 |
879,661 |
Marriott
International, Inc., Class A |
11,242 |
1,903,720 |
McDonald's
Corp. |
30,671 |
9,070,948 |
MGM
Resorts International |
13,167 |
591,462 |
Royal
Caribbean Cruises Ltd. * |
9,170 |
599,993 |
Starbucks
Corp. |
48,098 |
5,497,120 |
Vail
Resorts, Inc. |
1,683 |
404,795 |
Wynn
Resorts Ltd. * |
4,292 |
490,490 |
Yum!
Brands, Inc. |
11,739 |
1,650,269 |
|
|
35,142,178 |
Household
Durables — 0.3% | ||
DR
Horton, Inc. |
13,088 |
1,437,324 |
Garmin
Ltd. |
6,436 |
631,822 |
Lennar
Corp., Class A |
10,620 |
1,198,042 |
Lennar
Corp., Class B |
583 |
57,029 |
NVR,
Inc. * |
112 |
654,080 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Household
Durables — continued | ||
PulteGroup,
Inc. |
9,444 |
634,165 |
Whirlpool
Corp. |
2,303 |
321,476 |
|
|
4,933,938 |
Household
Products — 1.4% | ||
Church
& Dwight Co., Inc. |
10,215 |
992,081 |
Clorox
Co. (The) |
5,190 |
859,568 |
Colgate-Palmolive
Co. |
34,955 |
2,789,409 |
Kimberly-Clark
Corp. |
14,109 |
2,044,253 |
Procter
& Gamble Co. (The) |
98,774 |
15,446,278 |
|
|
22,131,589 |
Independent
Power and Renewable Electricity Producers — 0.1% | ||
AES
Corp. (The) |
27,956 |
661,439 |
Vistra
Corp. |
15,652 |
373,457 |
|
|
1,034,896 |
Industrial
Conglomerates — 0.8% | ||
3M
Co. |
23,038 |
2,447,096 |
General
Electric Co. |
45,595 |
4,512,537 |
Honeywell
International, Inc. |
27,963 |
5,588,126 |
|
|
12,547,759 |
Industrial
REITs — 0.3% | ||
Prologis,
Inc. |
38,635 |
4,839,035 |
Insurance
— 2.2% | ||
Aflac,
Inc. |
23,433 |
1,636,795 |
Allstate
Corp. (The) |
11,018 |
1,275,444 |
American
Financial Group, Inc. |
2,919 |
358,249 |
American
International Group, Inc. |
31,110 |
1,650,074 |
Aon
plc, Class A |
8,601 |
2,796,873 |
Arch
Capital Group Ltd. * |
15,497 |
1,163,360 |
Arthur
J Gallagher & Co. |
8,892 |
1,850,070 |
Brown
& Brown, Inc. |
9,841 |
633,662 |
Chubb
Ltd. |
17,359 |
3,498,880 |
Cincinnati
Financial Corp. |
6,579 |
700,269 |
Everest
Re Group Ltd. |
1,640 |
619,920 |
Fidelity
National Financial, Inc. |
11,404 |
404,728 |
Globe
Life, Inc. |
3,776 |
409,772 |
Hartford
Financial Services Group, Inc. (The) |
13,184 |
935,932 |
Lincoln
National Corp. |
6,460 |
140,376 |
Loews
Corp. |
8,170 |
470,347 |
Markel
Corp. * |
544 |
744,480 |
Marsh
& McLennan Cos., Inc. |
20,699 |
3,729,753 |
MetLife,
Inc. |
27,580 |
1,691,481 |
Principal
Financial Group, Inc. |
9,516 |
710,750 |
92
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Insurance
— continued | ||
Progressive
Corp. (The) |
24,498 |
3,341,527 |
Prudential
Financial, Inc. |
15,424 |
1,341,888 |
Reinsurance
Group of America, Inc. |
2,801 |
398,638 |
Travelers
Cos., Inc. (The) |
9,695 |
1,756,152 |
Willis
Towers Watson plc |
4,474 |
1,036,178 |
WR
Berkley Corp. |
8,538 |
503,059 |
|
|
33,798,657 |
Interactive
Media & Services — 4.9% | ||
Alphabet,
Inc., Class A * |
249,350 |
26,765,229 |
Alphabet,
Inc., Class C * |
217,405 |
23,527,569 |
Match
Group, Inc. * |
11,669 |
430,586 |
Meta
Platforms, Inc., Class A * |
93,179 |
22,392,777 |
Pinterest,
Inc., Class A * |
24,901 |
572,723 |
Snap,
Inc., Class A * |
41,114 |
358,103 |
ZoomInfo
Technologies, Inc. * |
11,338 |
248,416 |
|
|
74,295,403 |
IT
Services — 1.4% | ||
Accenture
plc, Class A |
26,351 |
7,385,922 |
Akamai
Technologies, Inc. * |
6,581 |
539,445 |
Cloudflare,
Inc., Class A * |
11,985 |
563,894 |
Cognizant
Technology Solutions Corp., Class A |
21,312 |
1,272,539 |
DXC
Technology Co. * |
9,521 |
227,076 |
EPAM
Systems, Inc. * |
2,414 |
681,810 |
Gartner,
Inc. * |
3,305 |
999,630 |
GoDaddy,
Inc., Class A * |
6,500 |
491,920 |
International
Business Machines Corp. |
37,839 |
4,783,228 |
MongoDB,
Inc. * |
2,897 |
695,164 |
Okta,
Inc. * |
6,411 |
439,346 |
Snowflake,
Inc., Class A * |
11,973 |
1,772,962 |
Twilio,
Inc., Class A * |
7,316 |
384,895 |
VeriSign,
Inc. * |
3,819 |
847,054 |
|
|
21,084,885 |
Leisure
Products — 0.0% ^ | ||
Hasbro,
Inc. |
5,423 |
321,150 |
Life
Sciences Tools & Services — 1.7% | ||
Agilent
Technologies, Inc. |
12,377 |
1,676,217 |
Avantor,
Inc. * |
28,231 |
549,940 |
Bio-Rad
Laboratories, Inc., Class A * |
892 |
402,105 |
Bio-Techne
Corp. |
6,582 |
525,770 |
Charles
River Laboratories International, Inc. * |
2,121 |
403,245 |
Danaher
Corp. |
27,443 |
6,501,521 |
Illumina,
Inc. * |
6,583 |
1,353,201 |
IQVIA
Holdings, Inc. * |
7,777 |
1,463,865 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Life
Sciences Tools & Services — continued | ||
Mettler-Toledo
International, Inc. * |
913 |
1,361,739 |
PerkinElmer,
Inc. |
5,293 |
690,684 |
Thermo
Fisher Scientific, Inc. |
16,418 |
9,110,348 |
Waters
Corp. * |
2,484 |
746,094 |
West
Pharmaceutical Services, Inc. |
3,117 |
1,125,985 |
|
|
25,910,714 |
Machinery
— 1.6% | ||
Caterpillar,
Inc. |
21,782 |
4,765,901 |
Cummins,
Inc. |
5,895 |
1,385,561 |
Deere
& Co. |
11,340 |
4,286,747 |
Dover
Corp. |
5,837 |
853,136 |
Fortive
Corp. |
14,774 |
932,092 |
IDEX
Corp. |
3,172 |
654,447 |
Illinois
Tool Works, Inc. |
11,606 |
2,807,956 |
Ingersoll
Rand, Inc. |
16,937 |
965,748 |
Otis
Worldwide Corp. |
17,352 |
1,480,125 |
PACCAR,
Inc. |
21,841 |
1,631,304 |
Parker-Hannifin
Corp. |
5,366 |
1,743,306 |
Pentair
plc |
6,897 |
400,578 |
Snap-on,
Inc. |
2,203 |
571,480 |
Stanley
Black & Decker, Inc. |
6,189 |
534,358 |
Westinghouse
Air Brake Technologies Corp. |
7,631 |
745,320 |
Xylem,
Inc. |
7,527 |
781,604 |
|
|
24,539,663 |
Media
— 0.9% | ||
Charter
Communications, Inc., Class A * |
4,422 |
1,630,391 |
Comcast
Corp., Class A |
176,177 |
7,288,443 |
Fox
Corp., Class A |
12,420 |
413,089 |
Fox
Corp., Class B |
5,767 |
176,124 |
Interpublic
Group of Cos., Inc. (The) |
16,278 |
581,613 |
Liberty
Broadband Corp., Class A * |
696 |
58,833 |
Liberty
Broadband Corp., Class C * |
5,001 |
423,985 |
Liberty
Media Corp.-Liberty SiriusXM, Class A * |
3,136 |
88,122 |
Liberty
Media Corp.-Liberty SiriusXM, Class C * |
6,424 |
179,487 |
News
Corp., Class A |
16,007 |
281,883 |
News
Corp., Class B |
4,934 |
87,579 |
Omnicom
Group, Inc. |
8,502 |
770,026 |
Paramount
Global, Class A |
379 |
10,028 |
Paramount
Global, Class B |
21,161 |
493,686 |
Sirius
XM Holdings, Inc. (a) |
29,295 |
111,321 |
Trade
Desk, Inc. (The), Class A * |
18,621 |
1,198,075 |
|
|
13,792,685 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
93
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Metals
& Mining — 0.4% | ||
Freeport-McMoRan,
Inc. |
59,841 |
2,268,572 |
Newmont
Corp. |
33,230 |
1,575,102 |
Nucor
Corp. |
10,601 |
1,570,856 |
Southern
Copper Corp. (Mexico) |
3,576 |
274,744 |
Steel
Dynamics, Inc. |
6,982 |
725,779 |
|
|
6,415,053 |
Mortgage
Real Estate Investment Trusts (REITs) — 0.0% ^ | ||
Annaly
Capital Management, Inc. |
19,612 |
391,848 |
Multi-Utilities
— 0.8% | ||
Ameren
Corp. |
10,805 |
961,321 |
CenterPoint
Energy, Inc. |
26,344 |
802,702 |
CMS
Energy Corp. |
12,203 |
759,759 |
Consolidated
Edison, Inc. |
14,846 |
1,461,886 |
Dominion
Energy, Inc. |
34,879 |
1,992,986 |
DTE
Energy Co. |
8,122 |
912,994 |
NiSource,
Inc. |
16,981 |
483,279 |
Public
Service Enterprise Group, Inc. |
20,893 |
1,320,438 |
Sempra
Energy |
13,156 |
2,045,626 |
WEC
Energy Group, Inc. |
13,197 |
1,269,155 |
|
|
12,010,146 |
Office
REITs — 0.1% | ||
Alexandria
Real Estate Equities, Inc. |
6,587 |
817,974 |
Boston
Properties, Inc. |
5,989 |
319,573 |
|
|
1,137,547 |
Oil,
Gas & Consumable Fuels — 4.3% | ||
APA
Corp. |
13,469 |
496,333 |
Cheniere
Energy, Inc. |
10,392 |
1,589,976 |
Chevron
Corp. |
74,490 |
12,557,524 |
ConocoPhillips |
51,246 |
5,272,701 |
Coterra
Energy, Inc. |
32,987 |
844,467 |
Devon
Energy Corp. |
27,377 |
1,462,753 |
Diamondback
Energy, Inc. |
7,702 |
1,095,225 |
EOG
Resources, Inc. |
24,594 |
2,938,245 |
EQT
Corp. |
15,344 |
534,585 |
Exxon
Mobil Corp. |
172,381 |
20,399,568 |
Hess
Corp. |
11,601 |
1,682,841 |
Kinder
Morgan, Inc. |
82,821 |
1,420,380 |
Marathon
Oil Corp. |
26,592 |
642,463 |
Marathon
Petroleum Corp. |
18,999 |
2,317,878 |
Occidental
Petroleum Corp. |
30,432 |
1,872,481 |
ONEOK,
Inc. |
18,726 |
1,224,868 |
Phillips
66 |
19,530 |
1,933,470 |
Pioneer
Natural Resources Co. |
9,935 |
2,161,359 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Oil,
Gas & Consumable Fuels — continued | ||
Targa
Resources Corp. |
9,472 |
715,420 |
Texas
Pacific Land Corp. |
276 |
407,831 |
Valero
Energy Corp. |
16,124 |
1,848,939 |
Williams
Cos., Inc. (The) |
50,977 |
1,542,564 |
|
|
64,961,871 |
Passenger
Airlines — 0.1% | ||
Delta
Air Lines, Inc. * |
26,824 |
920,332 |
Southwest
Airlines Co. |
24,893 |
754,009 |
United
Airlines Holdings, Inc. * |
13,669 |
598,702 |
|
|
2,273,043 |
Personal
Care Products — 0.2% | ||
Estee
Lauder Cos., Inc. (The), Class A |
9,712 |
2,396,145 |
Pharmaceuticals
— 4.2% | ||
Bristol-Myers
Squibb Co. |
89,009 |
5,943,131 |
Catalent,
Inc. * |
7,521 |
376,952 |
Elanco
Animal Health, Inc. * |
18,638 |
176,502 |
Eli
Lilly & Co. |
32,994 |
13,061,005 |
Jazz
Pharmaceuticals plc * |
2,616 |
367,469 |
Johnson
& Johnson |
109,457 |
17,918,111 |
Merck
& Co., Inc. |
106,149 |
12,257,025 |
Pfizer,
Inc. |
234,994 |
9,138,917 |
Royalty
Pharma plc, Class A |
15,521 |
545,563 |
Viatris,
Inc. |
50,775 |
473,731 |
Zoetis,
Inc. |
19,529 |
3,432,808 |
|
|
63,691,214 |
Professional
Services — 0.9% | ||
Automatic
Data Processing, Inc. |
17,333 |
3,813,260 |
Booz
Allen Hamilton Holding Corp. |
5,514 |
527,800 |
Broadridge
Financial Solutions, Inc. |
4,927 |
716,435 |
Ceridian
HCM Holding, Inc. * |
6,456 |
409,827 |
Clarivate
plc * |
18,062 |
160,029 |
CoStar
Group, Inc. * |
17,002 |
1,308,304 |
Equifax,
Inc. |
5,104 |
1,063,572 |
Jacobs
Solutions, Inc. |
5,308 |
612,862 |
Leidos
Holdings, Inc. |
5,725 |
533,914 |
Paychex,
Inc. |
13,439 |
1,476,409 |
Paycom
Software, Inc. * |
2,022 |
587,128 |
Paylocity
Holding Corp. * |
1,718 |
332,072 |
SS&C
Technologies Holdings, Inc. |
9,158 |
536,109 |
TransUnion |
8,083 |
556,191 |
Verisk
Analytics, Inc. |
6,549 |
1,271,226 |
|
|
13,905,138 |
94
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Real
Estate Management & Development — 0.1% | ||
CBRE
Group, Inc., Class A * |
13,216 |
1,013,139 |
Zillow
Group, Inc., Class A * |
2,439 |
104,340 |
Zillow
Group, Inc., Class C * |
6,838 |
297,726 |
|
|
1,415,205 |
Residential
REITs — 0.4% | ||
AvalonBay
Communities, Inc. |
5,844 |
1,054,082 |
Camden
Property Trust |
4,599 |
506,120 |
Equity
LifeStyle Properties, Inc. |
7,331 |
505,106 |
Equity
Residential |
14,266 |
902,324 |
Essex
Property Trust, Inc. |
2,724 |
598,545 |
Invitation
Homes, Inc. |
24,304 |
811,024 |
Mid-America
Apartment Communities, Inc. |
4,845 |
745,161 |
Sun
Communities, Inc. |
5,204 |
722,992 |
UDR,
Inc. |
12,964 |
535,802 |
|
|
6,381,156 |
Retail
REITs — 0.3% | ||
Federal
Realty Investment Trust |
3,043 |
300,922 |
Kimco
Realty Corp. |
25,887 |
496,772 |
Realty
Income Corp. |
26,256 |
1,649,927 |
Regency
Centers Corp. |
6,461 |
396,899 |
Simon
Property Group, Inc. |
13,670 |
1,549,084 |
|
|
4,393,604 |
Semiconductors
& Semiconductor Equipment — 5.9% | ||
Advanced
Micro Devices, Inc. * |
67,515 |
6,033,816 |
Analog
Devices, Inc. |
21,233 |
3,819,392 |
Applied
Materials, Inc. |
35,298 |
3,989,733 |
Broadcom,
Inc. |
17,504 |
10,966,256 |
Enphase
Energy, Inc. * |
5,697 |
935,447 |
Entegris,
Inc. |
6,229 |
466,677 |
First
Solar, Inc. * |
4,145 |
756,794 |
Intel
Corp. |
173,175 |
5,378,815 |
KLA
Corp. |
5,791 |
2,238,453 |
Lam
Research Corp. |
5,660 |
2,966,293 |
Marvell
Technology, Inc. |
35,712 |
1,409,910 |
Microchip
Technology, Inc. |
22,938 |
1,674,245 |
Micron
Technology, Inc. |
45,661 |
2,938,742 |
Monolithic
Power Systems, Inc. |
1,894 |
874,971 |
NVIDIA
Corp. |
102,994 |
28,579,805 |
NXP
Semiconductors NV (China) |
10,827 |
1,772,813 |
ON
Semiconductor Corp. * |
18,080 |
1,301,037 |
Qorvo,
Inc. * |
4,173 |
384,250 |
QUALCOMM,
Inc. |
46,690 |
5,453,392 |
Skyworks
Solutions, Inc. |
6,645 |
703,705 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Semiconductors
& Semiconductor Equipment — continued | ||
SolarEdge
Technologies, Inc. * |
2,354 |
672,373 |
Teradyne,
Inc. |
6,526 |
596,346 |
Texas
Instruments, Inc. |
37,915 |
6,339,388 |
|
|
90,252,653 |
Software
— 10.0% | ||
Adobe,
Inc. * |
19,179 |
7,241,223 |
ANSYS,
Inc. * |
3,652 |
1,146,436 |
Aspen
Technology, Inc. * |
1,221 |
216,117 |
Atlassian
Corp., Class A * |
6,269 |
925,681 |
Autodesk,
Inc. * |
9,032 |
1,759,343 |
Bentley
Systems, Inc., Class B |
8,225 |
350,056 |
Bill
Holdings, Inc. * |
4,019 |
308,699 |
Cadence
Design Systems, Inc. * |
11,485 |
2,405,533 |
Crowdstrike
Holdings, Inc., Class A * |
9,125 |
1,095,456 |
Datadog,
Inc., Class A * |
10,377 |
699,202 |
DocuSign,
Inc. * |
8,393 |
414,950 |
Dynatrace,
Inc. * |
9,070 |
383,480 |
Fortinet,
Inc. * |
27,138 |
1,711,051 |
Gen
Digital, Inc. |
23,816 |
420,829 |
HubSpot,
Inc. * |
2,036 |
857,054 |
Intuit,
Inc. |
11,777 |
5,228,399 |
Microsoft
Corp. |
311,637 |
95,753,585 |
Oracle
Corp. |
64,345 |
6,094,758 |
Palantir
Technologies, Inc., Class A * |
73,757 |
571,617 |
Palo
Alto Networks, Inc. * |
12,661 |
2,310,126 |
PTC,
Inc. * |
4,463 |
561,401 |
Roper
Technologies, Inc. |
4,448 |
2,022,862 |
Salesforce,
Inc. * |
41,859 |
8,303,570 |
ServiceNow,
Inc. * |
8,508 |
3,908,745 |
Splunk,
Inc. * |
6,287 |
542,191 |
Synopsys,
Inc. * |
6,398 |
2,375,705 |
Tyler
Technologies, Inc. * |
1,731 |
656,101 |
Unity
Software, Inc. *
(a) |
10,214 |
275,472 |
VMware,
Inc., Class A * |
8,714 |
1,089,511 |
Workday,
Inc., Class A * |
8,471 |
1,576,792 |
Zoom
Video Communications, Inc., Class A * |
9,047 |
555,757 |
Zscaler,
Inc. * |
3,573 |
321,927 |
|
|
152,083,629 |
Specialized
REITs — 1.1% | ||
American
Tower Corp. |
19,468 |
3,979,065 |
Crown
Castle, Inc. |
18,119 |
2,230,268 |
Digital
Realty Trust, Inc. |
12,021 |
1,191,882 |
Equinix,
Inc. |
3,853 |
2,789,880 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
95
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Specialized
REITs — continued | ||
Extra
Space Storage, Inc. |
5,623 |
854,921 |
Iron
Mountain, Inc. |
12,183 |
672,989 |
Public
Storage |
6,611 |
1,949,121 |
SBA
Communications Corp. |
4,519 |
1,178,962 |
VICI
Properties, Inc. |
41,983 |
1,424,903 |
Weyerhaeuser
Co. |
30,689 |
917,908 |
|
|
17,189,899 |
Specialty
Retail — 2.1% | ||
Advance
Auto Parts, Inc. |
2,478 |
311,063 |
AutoZone,
Inc. * |
790 |
2,104,015 |
Bath
& Body Works, Inc. |
9,548 |
335,135 |
Best
Buy Co., Inc. |
8,240 |
614,045 |
Burlington
Stores, Inc. * |
2,746 |
529,456 |
CarMax,
Inc. * |
6,610 |
462,898 |
Home
Depot, Inc. (The) |
42,668 |
12,823,441 |
Lowe's
Cos., Inc. |
25,334 |
5,265,165 |
O'Reilly
Automotive, Inc. * |
2,593 |
2,378,585 |
Ross
Stores, Inc. |
14,410 |
1,537,979 |
TJX
Cos., Inc. (The) |
48,379 |
3,813,233 |
Tractor
Supply Co. |
4,611 |
1,099,263 |
Ulta
Beauty, Inc. * |
2,121 |
1,169,583 |
|
|
32,443,861 |
Technology
Hardware, Storage & Peripherals — 7.2% | ||
Apple,
Inc. |
622,696 |
105,659,057 |
Dell
Technologies, Inc., Class C |
10,161 |
441,902 |
Hewlett
Packard Enterprise Co. |
53,669 |
768,540 |
HP,
Inc. |
36,182 |
1,074,967 |
NetApp,
Inc. |
9,025 |
567,582 |
Seagate
Technology Holdings plc |
8,055 |
473,393 |
Western
Digital Corp. * |
13,384 |
460,945 |
|
|
109,446,386 |
Textiles,
Apparel & Luxury Goods — 0.6% | ||
Lululemon
Athletica, Inc. * |
4,866 |
1,848,739 |
NIKE,
Inc., Class B |
52,148 |
6,608,195 |
Tapestry,
Inc. |
9,879 |
403,162 |
VF
Corp. |
13,840 |
325,378 |
|
|
9,185,474 |
Tobacco
— 0.7% | ||
Altria
Group, Inc. |
74,741 |
3,550,945 |
Philip
Morris International, Inc. |
64,887 |
6,486,753 |
|
|
10,037,698 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Trading
Companies & Distributors — 0.3% | ||
Fastenal
Co. |
23,886 |
1,286,022 |
United
Rentals, Inc. |
2,900 |
1,047,219 |
Watsco,
Inc. |
1,374 |
475,926 |
WW
Grainger, Inc. |
1,898 |
1,320,192 |
|
|
4,129,359 |
Water
Utilities — 0.1% | ||
American
Water Works Co., Inc. |
8,093 |
1,199,787 |
Wireless
Telecommunication Services — 0.2% | ||
T-Mobile
US, Inc. * |
24,779 |
3,565,698 |
Total
Common Stocks
(Cost
$1,514,873,360) |
|
1,519,705,942 |
|
NO.
OF
RIGHTS |
|
Rights
— 0.0% ^ | ||
Health
Care Equipment & Supplies — 0.0% ^ | ||
ABIOMED,
Inc., CVR ‡
*
(Cost
$1,764) |
1,730 |
1,764 |
|
SHARES |
|
Short-Term
Investments — 0.5% | ||
Investment
Companies — 0.4% | ||
JPMorgan
U.S. Government Money Market
Fund
Class IM Shares, 4.78% (d)
(e)
(Cost
$6,814,015) |
6,814,015 |
6,814,015 |
Investment
of Cash Collateral from Securities Loaned — 0.1% | ||
JPMorgan
U.S. Government Money Market
Fund
Class IM Shares, 4.78% (d)
(e)
(Cost
$1,224,256) |
1,224,256 |
1,224,256 |
Total
Short-Term Investments
(Cost
$8,038,271) |
|
8,038,271 |
Total
Investments — 100.0%
(Cost
$1,522,913,395) |
|
1,527,745,977 |
Other
Assets Less Liabilities — 0.0% ^ |
|
493,253 |
NET
ASSETS — 100.0% |
|
1,528,239,230 |
Percentages
indicated are based on net
assets. |
Abbreviations |
|
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. |
|
96
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
* |
Non-income
producing security.
|
|
(a) |
The
security or a portion of this security is on loan at
April
30, 2023. The total value of securities on loan at
April
30, 2023 is $1,144,759. |
|
(b) |
Subsequent
to April 30, 2023, First Republic Bank
became
affiliated with JPMorgan Chase & Co. |
|
(c) |
Investment
in affiliate. This security is included in an
index
in which the Fund, as an index fund, tracks. |
|
(d) |
Investment
in an affiliated fund, which is registered
under
the Investment Company Act of 1940, as
amended,
and is advised by J.P. Morgan Investment
Management
Inc. |
|
(e) |
The
rate shown is the current yield as of April 30,
2023. |
|
DESCRIPTION |
NUMBER
OF
CONTRACTS |
EXPIRATION
DATE |
TRADING
CURRENCY |
NOTIONAL
AMOUNT
($) |
VALUE
AND
UNREALIZED
APPRECIATION
(DEPRECIATION)
($) |
Long
Contracts |
|
|
|
|
|
S&P
500 E-Mini Index |
38 |
06/16/2023 |
USD |
7,959,100 |
413,742 |
Abbreviations |
|
USD |
United
States Dollar |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
97
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — 99.0% | ||
Aerospace
& Defense — 1.9% | ||
Aerojet
Rocketdyne Holdings, Inc. * |
42,102 |
2,374,974 |
Axon
Enterprise, Inc. *
(a) |
37,562 |
7,914,689 |
BWX
Technologies, Inc. |
50,716 |
3,275,239 |
Curtiss-Wright
Corp. |
21,287 |
3,615,171 |
Hexcel
Corp. |
46,836 |
3,375,939 |
Mercury
Systems, Inc. * |
32,294 |
1,539,455 |
Moog,
Inc., Class A |
15,971 |
1,439,147 |
Parsons
Corp. * |
18,426 |
801,531 |
Rocket
Lab USA, Inc. *
(a) |
120,968 |
474,194 |
Spirit
AeroSystems Holdings, Inc., Class A |
58,504 |
1,741,079 |
Woodward,
Inc. |
33,191 |
3,187,000 |
|
|
29,738,418 |
Air
Freight & Logistics — 0.2% | ||
GXO
Logistics, Inc. * |
65,903 |
3,501,426 |
Automobile
Components — 1.2% | ||
Adient
plc * |
52,991 |
1,957,487 |
Autoliv,
Inc. (Sweden) |
43,125 |
3,700,556 |
Dana,
Inc. |
70,883 |
1,048,360 |
Fox
Factory Holding Corp. * |
23,510 |
2,606,554 |
Gentex
Corp. |
130,350 |
3,596,356 |
Goodyear
Tire & Rubber Co. (The) * |
157,204 |
1,677,367 |
Luminar
Technologies, Inc. *
(a) |
129,937 |
782,221 |
QuantumScape
Corp. *
(a) |
154,550 |
1,081,850 |
Visteon
Corp. * |
15,619 |
2,192,751 |
|
|
18,643,502 |
Automobiles
— 0.3% | ||
Harley-Davidson,
Inc. |
73,932 |
2,742,877 |
Thor
Industries, Inc. (a) |
29,744 |
2,350,371 |
|
|
5,093,248 |
Banks
— 5.2% | ||
Associated
Banc-Corp. |
83,546 |
1,489,625 |
Bank
of Hawaii Corp. |
22,137 |
1,072,095 |
Bank
OZK (a) |
61,213 |
2,186,528 |
BankUnited,
Inc. |
42,031 |
947,799 |
BOK
Financial Corp. |
16,011 |
1,342,843 |
Cadence
Bank |
101,375 |
2,049,803 |
Commerce
Bancshares, Inc. |
63,196 |
3,529,497 |
Cullen/Frost
Bankers, Inc. |
35,764 |
3,942,981 |
CVB
Financial Corp. |
73,046 |
1,093,499 |
First
Citizens BancShares, Inc., Class A (a) |
6,615 |
6,662,496 |
First
Financial Bankshares, Inc. |
72,146 |
2,110,992 |
First
Hawaiian, Inc. |
70,768 |
1,352,376 |
First
Horizon Corp. |
298,177 |
5,233,006 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Banks
— continued | ||
First
Interstate BancSystem, Inc., Class A |
49,335 |
1,262,483 |
FNB
Corp. |
200,296 |
2,299,398 |
Glacier
Bancorp, Inc. |
61,542 |
2,045,041 |
Hancock
Whitney Corp. |
47,623 |
1,739,192 |
Home
BancShares, Inc. (a) |
105,107 |
2,288,179 |
Independent
Bank Corp. (a) |
25,374 |
1,420,944 |
New
York Community Bancorp, Inc. |
378,569 |
4,046,892 |
Old
National Bancorp |
162,755 |
2,182,545 |
PacWest
Bancorp (a) |
65,426 |
664,074 |
Pinnacle
Financial Partners, Inc. |
42,514 |
2,305,534 |
Popular,
Inc. (Puerto Rico) |
39,934 |
2,396,439 |
Prosperity
Bancshares, Inc. |
50,764 |
3,178,842 |
ServisFirst
Bancshares, Inc. |
27,175 |
1,372,338 |
SouthState
Corp. |
42,042 |
2,900,057 |
Synovus
Financial Corp. |
80,848 |
2,490,118 |
Texas
Capital Bancshares, Inc. *
(a) |
26,774 |
1,345,394 |
UMB
Financial Corp. |
24,145 |
1,535,863 |
United
Bankshares, Inc. |
74,631 |
2,472,525 |
United
Community Banks, Inc. |
63,871 |
1,590,388 |
Valley
National Bancorp |
233,535 |
2,190,558 |
Webster
Financial Corp. |
96,718 |
3,607,581 |
Western
Alliance Bancorp |
60,511 |
2,246,168 |
Wintrust
Financial Corp. |
33,785 |
2,309,880 |
|
|
82,903,973 |
Beverages
— 0.4% | ||
Boston
Beer Co., Inc. (The), Class A * |
5,230 |
1,660,577 |
Celsius
Holdings, Inc. *
(a) |
22,430 |
2,143,635 |
Coca-Cola
Consolidated, Inc. |
2,558 |
1,507,839 |
National
Beverage Corp. * |
12,956 |
643,913 |
|
|
5,955,964 |
Biotechnology
— 3.4% | ||
ACADIA
Pharmaceuticals, Inc. * |
66,577 |
1,420,088 |
Alkermes
plc * |
91,294 |
2,606,444 |
Apellis
Pharmaceuticals, Inc. * |
52,211 |
4,355,964 |
Arrowhead
Pharmaceuticals, Inc. * |
60,204 |
2,131,824 |
Beam
Therapeutics, Inc. * |
32,913 |
1,010,758 |
Blueprint
Medicines Corp. * |
33,245 |
1,697,157 |
Cerevel
Therapeutics Holdings, Inc. * |
35,625 |
1,034,550 |
CRISPR
Therapeutics AG (Switzerland) *
(a) |
43,502 |
2,128,988 |
Cytokinetics,
Inc. *
(a) |
52,598 |
1,967,165 |
Denali
Therapeutics, Inc. * |
61,142 |
1,518,767 |
Exelixis,
Inc. * |
180,118 |
3,296,159 |
Fate
Therapeutics, Inc. * |
45,902 |
278,625 |
98
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Biotechnology
— continued | ||
Halozyme
Therapeutics, Inc. * |
75,123 |
2,413,702 |
Intellia
Therapeutics, Inc. * |
46,185 |
1,743,484 |
Ionis
Pharmaceuticals, Inc. * |
78,952 |
2,792,532 |
Karuna
Therapeutics, Inc. *
(a) |
16,558 |
3,285,770 |
Mirati
Therapeutics, Inc. * |
28,810 |
1,276,571 |
Natera,
Inc. * |
60,422 |
3,064,604 |
Novavax,
Inc. *
(a) |
47,772 |
366,411 |
Relay
Therapeutics, Inc. * |
49,692 |
564,998 |
Sarepta
Therapeutics, Inc. * |
48,764 |
5,986,756 |
Ultragenyx
Pharmaceutical, Inc. * |
38,970 |
1,701,820 |
United
Therapeutics Corp. * |
25,340 |
5,831,494 |
Vir
Biotechnology, Inc. * |
42,136 |
1,059,720 |
|
|
53,534,351 |
Broadline
Retail — 0.5% | ||
Dillard's,
Inc., Class A (a) |
1,886 |
562,764 |
Kohl's
Corp. (a) |
61,389 |
1,352,400 |
Macy's,
Inc. |
150,658 |
2,461,752 |
Nordstrom,
Inc. (a) |
62,262 |
962,570 |
Ollie's
Bargain Outlet Holdings, Inc. * |
32,177 |
2,099,549 |
|
|
7,439,035 |
Building
Products — 2.3% | ||
A
O Smith Corp. (a) |
70,511 |
4,815,196 |
Advanced
Drainage Systems, Inc. (a) |
34,768 |
2,980,313 |
Armstrong
World Industries, Inc. |
25,385 |
1,742,934 |
AZEK
Co., Inc. (The) * |
60,316 |
1,636,976 |
Builders
FirstSource, Inc. * |
81,781 |
7,750,386 |
Carlisle
Cos., Inc. |
28,751 |
6,205,904 |
Hayward
Holdings, Inc. *
(a) |
64,581 |
777,555 |
Simpson
Manufacturing Co., Inc. |
23,682 |
2,978,722 |
Trex
Co., Inc. * |
61,001 |
3,334,315 |
UFP
Industries, Inc. |
34,239 |
2,688,446 |
Zurn
Elkay Water Solutions Corp. |
80,615 |
1,737,253 |
|
|
36,648,000 |
Capital
Markets — 2.5% | ||
Affiliated
Managers Group, Inc. |
20,955 |
3,025,483 |
Ares
Management Corp. |
86,738 |
7,597,382 |
Artisan
Partners Asset Management, Inc.,
Class
A |
37,720 |
1,307,752 |
Blue
Owl Capital, Inc. (a) |
197,862 |
2,227,926 |
Evercore,
Inc., Class A |
19,838 |
2,262,921 |
Federated
Hermes, Inc. |
46,967 |
1,943,964 |
Houlihan
Lokey, Inc. |
28,039 |
2,562,204 |
Interactive
Brokers Group, Inc., Class A |
57,157 |
4,449,673 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Capital
Markets — continued | ||
Janus
Henderson Group plc |
73,617 |
1,910,361 |
Morningstar,
Inc. |
13,898 |
2,478,152 |
Robinhood
Markets, Inc., Class A *
(a) |
284,807 |
2,520,542 |
Stifel
Financial Corp. |
58,554 |
3,511,483 |
Tradeweb
Markets, Inc., Class A |
61,698 |
4,344,156 |
|
|
40,141,999 |
Chemicals
— 2.5% | ||
Ashland,
Inc. |
27,768 |
2,821,506 |
Avient
Corp. |
47,516 |
1,829,841 |
Axalta
Coating Systems Ltd. * |
122,587 |
3,870,072 |
Balchem
Corp. |
17,859 |
2,346,673 |
Cabot
Corp. |
31,312 |
2,246,949 |
Chemours
Co. (The) |
82,439 |
2,396,502 |
Diversey
Holdings Ltd. * |
43,263 |
351,728 |
Element
Solutions, Inc. |
125,112 |
2,270,783 |
Ginkgo
Bioworks Holdings, Inc. *
(a) |
562,902 |
686,740 |
Huntsman
Corp. |
100,351 |
2,688,403 |
Ingevity
Corp. * |
19,525 |
1,400,723 |
Livent
Corp. *
(a) |
99,673 |
2,177,855 |
NewMarket
Corp. |
3,700 |
1,478,520 |
Olin
Corp. |
68,355 |
3,786,867 |
RPM
International, Inc. |
71,721 |
5,883,274 |
Scotts
Miracle-Gro Co. (The) (a) |
22,717 |
1,517,723 |
Sensient
Technologies Corp. |
23,337 |
1,737,673 |
|
|
39,491,832 |
Commercial
Services & Supplies — 1.1% | ||
Brink's
Co. (The) |
25,795 |
1,621,216 |
Casella
Waste Systems, Inc., Class A * |
28,165 |
2,506,685 |
Clean
Harbors, Inc. * |
27,955 |
4,057,948 |
Driven
Brands Holdings, Inc. * |
30,695 |
942,336 |
MSA
Safety, Inc. |
20,472 |
2,656,242 |
Ritchie
Bros Auctioneers, Inc. (Canada) |
1 |
57 |
Stericycle,
Inc. * |
51,217 |
2,338,056 |
Tetra
Tech, Inc. |
29,591 |
4,094,507 |
|
|
18,217,047 |
Communications
Equipment — 0.6% | ||
Calix,
Inc. * |
31,629 |
1,445,445 |
Ciena
Corp. * |
82,480 |
3,797,379 |
Lumentum
Holdings, Inc. * |
38,081 |
1,837,408 |
Viasat,
Inc. *
(a) |
42,448 |
1,486,954 |
Viavi
Solutions, Inc. * |
124,923 |
1,119,310 |
|
|
9,686,496 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
99
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Construction
& Engineering — 2.1% | ||
AECOM |
77,230 |
6,413,952 |
API
Group Corp. * |
111,767 |
2,543,817 |
Comfort
Systems USA, Inc. |
19,854 |
2,967,974 |
EMCOR
Group, Inc. |
26,476 |
4,527,396 |
Fluor
Corp. * |
78,971 |
2,294,897 |
MasTec,
Inc. * |
32,943 |
2,925,668 |
MDU
Resources Group, Inc. |
113,015 |
3,302,298 |
Valmont
Industries, Inc. |
11,859 |
3,445,751 |
WillScot
Mobile Mini Holdings Corp. * |
116,060 |
5,269,124 |
|
|
33,690,877 |
Construction
Materials — 0.2% | ||
Eagle
Materials, Inc. |
20,005 |
2,964,941 |
Consumer
Finance — 0.8% | ||
Bread
Financial Holdings, Inc. |
27,728 |
765,293 |
Credit
Acceptance Corp. *
(a) |
3,355 |
1,642,272 |
FirstCash
Holdings, Inc. |
20,811 |
2,144,157 |
OneMain
Holdings, Inc. (a) |
67,142 |
2,576,239 |
SLM
Corp. |
133,750 |
2,008,925 |
SoFi
Technologies, Inc. *
(a) |
456,716 |
2,845,341 |
Upstart
Holdings, Inc. *
(a) |
39,131 |
543,921 |
|
|
12,526,148 |
Consumer
Staples Distribution & Retail — 1.5% | ||
BJ's
Wholesale Club Holdings, Inc. * |
74,718 |
5,706,214 |
Casey's
General Stores, Inc. |
20,687 |
4,733,599 |
Performance
Food Group Co. * |
86,771 |
5,439,674 |
PriceSmart,
Inc. |
13,954 |
1,028,131 |
Sprouts
Farmers Market, Inc. * |
58,816 |
2,038,563 |
US
Foods Holding Corp. * |
113,746 |
4,367,846 |
|
|
23,314,027 |
Containers
& Packaging — 1.1% | ||
AptarGroup,
Inc. |
36,299 |
4,301,794 |
Berry
Global Group, Inc. |
67,667 |
3,911,829 |
Graphic
Packaging Holding Co. |
170,695 |
4,209,339 |
Greif,
Inc., Class B (a) |
2,984 |
234,960 |
Silgan
Holdings, Inc. |
46,511 |
2,291,132 |
Sonoco
Products Co. |
54,206 |
3,285,968 |
|
|
18,235,022 |
Diversified
Consumer Services — 1.2% | ||
ADT,
Inc. |
118,013 |
790,687 |
Bright
Horizons Family Solutions, Inc. * |
32,108 |
2,444,061 |
Chegg,
Inc. * |
70,305 |
1,264,084 |
Coursera,
Inc. * |
47,217 |
587,380 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Diversified
Consumer Services — continued | ||
Frontdoor,
Inc. * |
45,275 |
1,238,724 |
Graham
Holdings Co., Class B |
2,105 |
1,211,575 |
Grand
Canyon Education, Inc. * |
17,043 |
2,023,004 |
H&R
Block, Inc. (a) |
84,598 |
2,868,718 |
Mister
Car Wash, Inc. *
(a) |
44,079 |
388,777 |
Service
Corp. International |
85,448 |
5,997,595 |
|
|
18,814,605 |
Diversified
REITs — 0.1% | ||
Broadstone
Net Lease, Inc. |
96,199 |
1,555,538 |
Diversified
Telecommunication Services — 0.5% | ||
Frontier
Communications Parent, Inc. *
(a) |
123,920 |
2,793,157 |
Globalstar,
Inc. *
(a) |
390,192 |
353,514 |
Iridium
Communications, Inc. |
69,819 |
4,431,412 |
|
|
7,578,083 |
Electric
Utilities — 1.0% | ||
ALLETE,
Inc. |
31,748 |
1,980,440 |
Hawaiian
Electric Industries, Inc. |
60,807 |
2,384,243 |
IDACORP,
Inc. |
28,097 |
3,122,139 |
OGE
Energy Corp. |
111,269 |
4,177,038 |
PNM
Resources, Inc. |
47,697 |
2,295,657 |
Portland
General Electric Co. |
49,594 |
2,510,448 |
|
|
16,469,965 |
Electrical
Equipment — 1.6% | ||
Acuity
Brands, Inc. |
17,815 |
2,803,725 |
Atkore,
Inc. * |
21,964 |
2,774,712 |
Bloom
Energy Corp., Class A * |
99,846 |
1,662,436 |
ChargePoint
Holdings, Inc. *
(a) |
146,216 |
1,267,693 |
EnerSys |
22,719 |
1,884,995 |
nVent
Electric plc |
92,586 |
3,882,131 |
Regal
Rexnord Corp. |
36,750 |
4,783,380 |
SunPower
Corp. *
(a) |
47,444 |
627,210 |
Sunrun,
Inc. *
(a) |
118,415 |
2,491,451 |
Vertiv
Holdings Co. |
167,728 |
2,502,502 |
|
|
24,680,235 |
Electronic
Equipment, Instruments & Components — 2.2% | ||
Arrow
Electronics, Inc. * |
32,386 |
3,705,930 |
Avnet,
Inc. |
50,798 |
2,095,925 |
Belden,
Inc. |
23,790 |
1,876,793 |
Coherent
Corp. *
(a) |
77,237 |
2,636,871 |
Fabrinet
(Thailand) * |
20,349 |
1,932,138 |
IPG
Photonics Corp. * |
17,867 |
2,054,348 |
Jabil,
Inc. |
74,061 |
5,787,867 |
100
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Electronic
Equipment, Instruments & Components —
continued | ||
Littelfuse,
Inc. |
13,748 |
3,330,316 |
National
Instruments Corp. |
72,544 |
4,224,237 |
Novanta,
Inc. * |
19,817 |
3,028,830 |
TD
SYNNEX Corp. |
23,297 |
2,074,365 |
Vontier
Corp. |
87,789 |
2,381,716 |
|
|
35,129,336 |
Energy
Equipment & Services — 0.7% | ||
ChampionX
Corp. |
110,400 |
2,989,632 |
Helmerich
& Payne, Inc. |
58,053 |
1,925,037 |
NOV,
Inc. |
218,258 |
3,655,822 |
Valaris
Ltd. * |
33,407 |
2,004,420 |
|
|
10,574,911 |
Entertainment
— 1.2% | ||
AMC
Entertainment Holdings, Inc., Class A *
(a) |
287,176 |
1,579,468 |
Endeavor
Group Holdings, Inc., Class A * |
96,480 |
2,487,254 |
Liberty
Media Corp.-Liberty Formula One,
Class
A * |
13,341 |
864,230 |
Liberty
Media Corp.-Liberty Formula One,
Class
C * |
115,232 |
8,318,598 |
Lions
Gate Entertainment Corp., Class A * |
33,384 |
383,916 |
Lions
Gate Entertainment Corp., Class B * |
69,546 |
742,056 |
Madison
Square Garden Sports Corp. |
9,914 |
1,987,757 |
Playtika
Holding Corp. * |
50,173 |
501,730 |
Warner
Music Group Corp., Class A |
65,334 |
1,990,727 |
|
|
18,855,736 |
Financial
Services — 1.4% | ||
Affirm
Holdings, Inc. *
(a) |
118,286 |
1,166,300 |
Enact
Holdings, Inc. (a) |
16,281 |
393,023 |
Essent
Group Ltd. |
59,823 |
2,540,683 |
Euronet
Worldwide, Inc. * |
26,195 |
2,900,834 |
Flywire
Corp. * |
34,812 |
1,015,466 |
MGIC
Investment Corp. |
163,084 |
2,425,059 |
Radian
Group, Inc. |
87,301 |
2,118,795 |
TFS
Financial Corp. (a) |
26,476 |
318,771 |
Toast,
Inc., Class A *
(a) |
172,829 |
3,145,488 |
Western
Union Co. (The) |
207,563 |
2,268,664 |
WEX,
Inc. * |
24,200 |
4,291,870 |
|
|
22,584,953 |
Food
Products — 1.3% | ||
Darling
Ingredients, Inc. *
(a) |
89,083 |
5,306,674 |
Flowers
Foods, Inc. |
106,744 |
2,936,528 |
Freshpet,
Inc. *
(a) |
26,666 |
1,839,154 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Food
Products — continued | ||
Ingredion,
Inc. |
36,512 |
3,876,479 |
Lancaster
Colony Corp. |
11,033 |
2,307,221 |
Pilgrim's
Pride Corp. * |
24,949 |
569,087 |
Post
Holdings, Inc. * |
29,794 |
2,696,059 |
Seaboard
Corp. |
133 |
524,162 |
|
|
20,055,364 |
Gas
Utilities — 0.7% | ||
National
Fuel Gas Co. |
51,014 |
2,851,683 |
New
Jersey Resources Corp. (a) |
53,827 |
2,779,626 |
ONE
Gas, Inc. |
30,068 |
2,313,733 |
Southwest
Gas Holdings, Inc. |
36,093 |
2,021,208 |
Spire,
Inc. |
29,183 |
1,976,564 |
|
|
11,942,814 |
Ground
Transportation — 1.5% | ||
Avis
Budget Group, Inc. * |
13,813 |
2,440,343 |
Hertz
Global Holdings, Inc. *
(a) |
89,568 |
1,493,994 |
Knight-Swift
Transportation Holdings, Inc. |
89,304 |
5,029,601 |
Landstar
System, Inc. |
19,940 |
3,510,038 |
Lyft,
Inc., Class A * |
178,810 |
1,832,803 |
Ryder
System, Inc. |
27,935 |
2,211,335 |
Saia,
Inc. * |
14,690 |
4,374,241 |
U-Haul
Holding Co. (a) |
5,426 |
331,312 |
XPO,
Inc. * |
63,901 |
2,823,146 |
|
|
24,046,813 |
Health
Care Equipment & Supplies — 3.3% | ||
Enovis
Corp. * |
26,473 |
1,542,052 |
Envista
Holdings Corp. * |
90,715 |
3,491,620 |
Globus
Medical, Inc., Class A * |
43,275 |
2,516,008 |
Haemonetics
Corp. * |
28,038 |
2,347,061 |
ICU
Medical, Inc. * |
11,186 |
2,115,720 |
Inari
Medical, Inc. * |
26,805 |
1,780,388 |
Inspire
Medical Systems, Inc. * |
16,144 |
4,320,619 |
Integra
LifeSciences Holdings Corp. * |
40,354 |
2,232,383 |
Lantheus
Holdings, Inc. * |
38,253 |
3,268,719 |
LivaNova
plc * |
29,746 |
1,424,833 |
Masimo
Corp. * |
26,897 |
5,087,299 |
Merit
Medical Systems, Inc. * |
31,621 |
2,570,471 |
NuVasive,
Inc. * |
28,969 |
1,246,826 |
Omnicell,
Inc. * |
24,804 |
1,507,339 |
Penumbra,
Inc. *
(a) |
21,116 |
5,999,478 |
QuidelOrtho
Corp. * |
29,732 |
2,674,393 |
Shockwave
Medical, Inc. * |
20,106 |
5,833,957 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
101
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Health
Care Equipment & Supplies — continued | ||
STAAR
Surgical Co. * |
26,763 |
1,885,989 |
Tandem
Diabetes Care, Inc. * |
35,732 |
1,414,273 |
|
|
53,259,428 |
Health
Care Providers & Services — 2.6% | ||
Acadia
Healthcare Co., Inc. * |
50,535 |
3,653,175 |
Amedisys,
Inc. * |
18,044 |
1,448,933 |
AMN
Healthcare Services, Inc. * |
24,066 |
2,078,099 |
Apollo
Medical Holdings, Inc. *
(a) |
21,872 |
776,237 |
Chemed
Corp. |
8,279 |
4,563,799 |
Encompass
Health Corp. |
55,444 |
3,556,733 |
Ensign
Group, Inc. (The) |
30,950 |
3,004,936 |
Guardant
Health, Inc. * |
56,931 |
1,284,363 |
HealthEquity,
Inc. * |
47,021 |
2,513,272 |
LifeStance
Health Group, Inc. * |
52,214 |
425,544 |
Oak
Street Health, Inc. *
(a) |
64,814 |
2,525,802 |
Option
Care Health, Inc. * |
92,982 |
2,989,371 |
Patterson
Cos., Inc. |
47,986 |
1,300,900 |
Premier,
Inc., Class A |
66,076 |
2,202,313 |
Privia
Health Group, Inc. * |
27,940 |
771,982 |
Progyny,
Inc. * |
41,802 |
1,389,499 |
R1
RCM, Inc. * |
76,395 |
1,190,998 |
Surgery
Partners, Inc. * |
37,471 |
1,486,100 |
Tenet
Healthcare Corp. * |
60,106 |
4,406,972 |
|
|
41,569,028 |
Health
Care REITs — 0.6% | ||
Medical
Properties Trust, Inc. (a) |
332,853 |
2,919,121 |
National
Health Investors, Inc. |
24,094 |
1,199,158 |
Omega
Healthcare Investors, Inc. (a) |
130,178 |
3,483,563 |
Sabra
Health Care REIT, Inc. (a) |
128,365 |
1,463,361 |
|
|
9,065,203 |
Health
Care Technology — 0.4% | ||
Certara,
Inc. * |
58,573 |
1,415,709 |
Doximity,
Inc., Class A *
(a) |
65,937 |
2,423,185 |
Multiplan
Corp. *
(a) |
131,389 |
128,538 |
Teladoc
Health, Inc. *
(a) |
89,998 |
2,387,647 |
|
|
6,355,079 |
Hotel
& Resort REITs — 0.6% | ||
Apple
Hospitality REIT, Inc. |
118,226 |
1,760,385 |
Park
Hotels & Resorts, Inc. |
124,957 |
1,505,732 |
Pebblebrook
Hotel Trust (a) |
73,068 |
1,039,758 |
RLJ
Lodging Trust |
90,065 |
909,656 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Hotel
& Resort REITs — continued | ||
Ryman
Hospitality Properties, Inc. |
30,653 |
2,748,348 |
Sunstone
Hotel Investors, Inc. |
116,900 |
1,114,056 |
|
|
9,077,935 |
Hotels,
Restaurants & Leisure — 3.5% | ||
Boyd
Gaming Corp. |
44,092 |
3,059,985 |
Choice
Hotels International, Inc. (a) |
15,396 |
1,963,298 |
Churchill
Downs, Inc. |
18,264 |
5,342,768 |
Cracker
Barrel Old Country Store, Inc. (a) |
12,310 |
1,306,830 |
DraftKings,
Inc., Class A * |
249,424 |
5,464,880 |
Hilton
Grand Vacations, Inc. * |
44,126 |
1,888,593 |
Hyatt
Hotels Corp., Class A * |
26,760 |
3,058,668 |
Life
Time Group Holdings, Inc. *
(a) |
31,307 |
650,872 |
Light
& Wonder, Inc. * |
52,046 |
3,137,853 |
Marriott
Vacations Worldwide Corp. |
21,294 |
2,865,321 |
Norwegian
Cruise Line Holdings Ltd. *
(a) |
234,164 |
3,126,089 |
Penn
Entertainment, Inc. * |
86,185 |
2,567,451 |
Planet
Fitness, Inc., Class A * |
46,330 |
3,851,876 |
SeaWorld
Entertainment, Inc. *
(a) |
22,019 |
1,181,539 |
Six
Flags Entertainment Corp. * |
41,110 |
997,740 |
Texas
Roadhouse, Inc. |
37,202 |
4,115,285 |
Travel
+ Leisure Co. |
45,164 |
1,728,426 |
Wendy's
Co. (The) |
94,689 |
2,092,627 |
Wingstop,
Inc. |
16,596 |
3,321,026 |
Wyndham
Hotels & Resorts, Inc. * |
49,100 |
3,349,602 |
|
|
55,070,729 |
Household
Durables — 1.3% | ||
Helen
of Troy Ltd. * |
13,351 |
1,339,639 |
Leggett
& Platt, Inc. |
73,709 |
2,381,538 |
Mohawk
Industries, Inc. * |
29,281 |
3,100,858 |
Newell
Brands, Inc. |
209,168 |
2,541,391 |
Tempur
Sealy International, Inc. |
94,678 |
3,547,585 |
Toll
Brothers, Inc. |
57,136 |
3,651,562 |
TopBuild
Corp. * |
17,774 |
4,007,681 |
|
|
20,570,254 |
Household
Products — 0.2% | ||
Energizer
Holdings, Inc. |
36,894 |
1,233,367 |
Reynolds
Consumer Products, Inc. |
30,342 |
850,486 |
Spectrum
Brands Holdings, Inc. |
22,798 |
1,516,067 |
|
|
3,599,920 |
Independent
Power and Renewable Electricity Producers — 0.3% | ||
Clearway
Energy, Inc. |
19,249 |
557,836 |
Clearway
Energy, Inc., Class C |
45,699 |
1,387,879 |
102
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Independent
Power and Renewable Electricity Producers —
continued | ||
Ormat
Technologies, Inc. (a) |
29,155 |
2,501,791 |
Sunnova
Energy International, Inc. *
(a) |
54,888 |
985,788 |
|
|
5,433,294 |
Industrial
REITs — 1.6% | ||
Americold
Realty Trust, Inc. |
149,712 |
4,429,978 |
EastGroup
Properties, Inc. |
24,191 |
4,029,253 |
First
Industrial Realty Trust, Inc. |
73,413 |
3,851,980 |
Innovative
Industrial Properties, Inc. |
15,527 |
1,064,376 |
Rexford
Industrial Realty, Inc. |
105,066 |
5,859,531 |
STAG
Industrial, Inc. |
99,590 |
3,373,113 |
Terreno
Realty Corp. |
40,565 |
2,498,399 |
|
|
25,106,630 |
Insurance
— 3.4% | ||
Assurant,
Inc. |
29,332 |
3,611,649 |
Assured
Guaranty Ltd. |
33,311 |
1,794,464 |
Axis
Capital Holdings Ltd. |
42,799 |
2,419,856 |
Brighthouse
Financial, Inc. * |
37,965 |
1,678,053 |
CNO
Financial Group, Inc. |
63,560 |
1,426,286 |
Enstar
Group Ltd. *
(a) |
7,560 |
1,818,936 |
Erie
Indemnity Co., Class A |
13,845 |
3,008,934 |
First
American Financial Corp. |
57,560 |
3,316,032 |
Hanover
Insurance Group, Inc. (The) |
19,770 |
2,363,701 |
Kemper
Corp. |
35,556 |
1,729,799 |
Kinsale
Capital Group, Inc. |
12,047 |
3,935,875 |
Old
Republic International Corp. |
153,281 |
3,873,411 |
Primerica,
Inc. |
20,499 |
3,741,273 |
RenaissanceRe
Holdings Ltd. (Bermuda) |
24,266 |
5,227,139 |
RLI
Corp. (a) |
22,466 |
3,123,897 |
Ryan
Specialty Holdings, Inc. * |
46,191 |
1,887,364 |
Selective
Insurance Group, Inc. |
33,509 |
3,227,922 |
Unum
Group |
103,914 |
4,385,171 |
White
Mountains Insurance Group Ltd. |
1,429 |
2,046,528 |
|
|
54,616,290 |
Interactive
Media & Services — 0.5% | ||
Bumble,
Inc., Class A * |
51,887 |
944,862 |
IAC,
Inc. * |
43,392 |
2,246,404 |
Rumble,
Inc. *
(a) |
44,578 |
354,841 |
TripAdvisor,
Inc. * |
58,207 |
1,032,010 |
Yelp,
Inc. * |
38,706 |
1,158,084 |
Ziff
Davis, Inc. * |
26,235 |
1,918,828 |
|
|
7,655,029 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
IT
Services — 0.1% | ||
DigitalOcean
Holdings, Inc. *
(a) |
33,734 |
1,063,971 |
Thoughtworks
Holding, Inc. * |
36,732 |
228,840 |
|
|
1,292,811 |
Leisure
Products — 1.0% | ||
Brunswick
Corp. |
40,274 |
3,414,833 |
Mattel,
Inc. * |
196,922 |
3,544,596 |
Peloton
Interactive, Inc., Class A *
(a) |
181,808 |
1,614,455 |
Polaris,
Inc. (a) |
30,299 |
3,291,986 |
Topgolf
Callaway Brands Corp. * |
77,013 |
1,707,378 |
YETI
Holdings, Inc. * |
47,912 |
1,890,128 |
|
|
15,463,376 |
Life
Sciences Tools & Services — 1.3% | ||
10X
Genomics, Inc., Class A * |
53,101 |
2,784,085 |
Azenta,
Inc. * |
38,394 |
1,669,755 |
Bruker
Corp. |
55,563 |
4,396,700 |
Maravai
LifeSciences Holdings, Inc.,
Class
A * |
60,656 |
836,446 |
Medpace
Holdings, Inc. * |
13,975 |
2,796,957 |
Repligen
Corp. * |
28,711 |
4,353,449 |
Sotera
Health Co. * |
54,845 |
919,751 |
Syneos
Health, Inc. * |
57,174 |
2,244,651 |
|
|
20,001,794 |
Machinery
— 4.4% | ||
AGCO
Corp. |
34,384 |
4,261,553 |
Allison
Transmission Holdings, Inc. |
51,376 |
2,506,635 |
Chart
Industries, Inc. * |
23,661 |
3,149,279 |
Crane
NXT Co. |
26,511 |
1,255,561 |
Donaldson
Co., Inc. |
67,598 |
4,295,853 |
Evoqua
Water Technologies Corp. * |
67,911 |
3,358,199 |
Flowserve
Corp. (a) |
72,610 |
2,424,448 |
Gates
Industrial Corp. plc * |
56,513 |
761,230 |
Graco,
Inc. |
93,650 |
7,425,508 |
ITT,
Inc. |
45,957 |
3,880,609 |
Kennametal,
Inc. |
44,772 |
1,162,281 |
Lincoln
Electric Holdings, Inc. |
32,102 |
5,386,716 |
Middleby
Corp. (The) * |
29,934 |
4,217,102 |
Nikola
Corp. *
(a) |
202,335 |
179,168 |
Nordson
Corp. |
29,863 |
6,459,666 |
Oshkosh
Corp. |
36,356 |
2,781,961 |
RBC
Bearings, Inc. * |
16,130 |
3,661,671 |
Timken
Co. (The) |
36,774 |
2,826,082 |
Toro
Co. (The) |
58,151 |
6,062,823 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
103
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Machinery
— continued | ||
Trinity
Industries, Inc. |
45,228 |
1,083,211 |
Watts
Water Technologies, Inc., Class A |
15,188 |
2,456,355 |
|
|
69,595,911 |
Marine
Transportation — 0.1% | ||
Kirby
Corp. * |
33,279 |
2,390,763 |
Media
— 0.9% | ||
Altice
USA, Inc., Class A * |
120,848 |
422,968 |
Cable
One, Inc. |
2,671 |
2,025,713 |
DISH
Network Corp., Class A *
(a) |
139,672 |
1,048,937 |
John
Wiley & Sons, Inc., Class A |
23,791 |
917,619 |
New
York Times Co. (The), Class A |
91,463 |
3,635,654 |
Nexstar
Media Group, Inc. |
20,975 |
3,638,114 |
TEGNA,
Inc. |
124,002 |
2,120,434 |
|
|
13,809,439 |
Metals
& Mining — 1.8% | ||
Alcoa
Corp. |
98,367 |
3,653,350 |
Cleveland-Cliffs,
Inc. * |
286,332 |
4,403,786 |
Commercial
Metals Co. |
65,060 |
3,037,651 |
MP
Materials Corp. * |
51,289 |
1,111,433 |
Reliance
Steel & Aluminum Co. |
32,598 |
8,077,784 |
Royal
Gold, Inc. |
36,486 |
4,832,206 |
United
States Steel Corp. |
125,927 |
2,881,210 |
Worthington
Industries, Inc. |
16,861 |
1,001,375 |
|
|
28,998,795 |
Mortgage
Real Estate Investment Trusts (REITs) — 0.6% | ||
AGNC
Investment Corp. (a) |
319,299 |
3,164,253 |
Blackstone
Mortgage Trust, Inc., Class A |
95,713 |
1,745,805 |
Rithm
Capital Corp. |
263,230 |
2,147,957 |
Starwood
Property Trust, Inc. (a) |
172,030 |
3,077,617 |
|
|
10,135,632 |
Multi-Utilities
— 0.3% | ||
Avista
Corp. |
40,989 |
1,806,385 |
Black
Hills Corp. |
36,138 |
2,359,450 |
|
|
4,165,835 |
Office
REITs — 0.6% | ||
Cousins
Properties, Inc. |
84,210 |
1,836,620 |
Douglas
Emmett, Inc. (a) |
97,699 |
1,258,363 |
Equity
Commonwealth |
60,855 |
1,260,916 |
Highwoods
Properties, Inc. |
58,483 |
1,340,430 |
JBG
SMITH Properties |
55,032 |
785,307 |
Kilroy
Realty Corp. |
58,570 |
1,712,587 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Office
REITs — continued | ||
SL
Green Realty Corp. (a) |
35,774 |
846,771 |
Vornado
Realty Trust (a) |
89,528 |
1,343,815 |
|
|
10,384,809 |
Oil,
Gas & Consumable Fuels — 3.5% | ||
Antero
Midstream Corp. |
186,144 |
2,002,909 |
Antero
Resources Corp. * |
153,429 |
3,527,333 |
Chesapeake
Energy Corp. (a) |
59,560 |
4,924,421 |
Chord
Energy Corp. |
23,112 |
3,289,531 |
Civitas
Resources, Inc. (a) |
28,856 |
1,992,507 |
CNX
Resources Corp. * |
94,536 |
1,468,144 |
Comstock
Resources, Inc. (a) |
50,901 |
585,362 |
CVR
Energy, Inc. |
16,199 |
426,682 |
Denbury,
Inc. * |
27,646 |
2,581,583 |
DT
Midstream, Inc. |
53,756 |
2,648,558 |
Enviva,
Inc. (a) |
17,112 |
367,908 |
Equitrans
Midstream Corp. |
240,522 |
1,238,688 |
HF
Sinclair Corp. (a) |
74,747 |
3,297,090 |
Magnolia
Oil & Gas Corp., Class A (a) |
92,730 |
1,958,458 |
Matador
Resources Co. |
62,364 |
3,057,707 |
Murphy
Oil Corp. |
81,182 |
2,980,191 |
New
Fortress Energy, Inc. (a) |
26,664 |
807,653 |
Ovintiv,
Inc. |
136,532 |
4,926,075 |
PBF
Energy, Inc., Class A |
63,534 |
2,214,795 |
PDC
Energy, Inc. |
51,197 |
3,330,365 |
Range
Resources Corp. |
134,290 |
3,551,970 |
SM
Energy Co. |
68,229 |
1,915,870 |
Southwestern
Energy Co. * |
613,289 |
3,182,970 |
|
|
56,276,770 |
Paper
& Forest Products — 0.1% | ||
Louisiana-Pacific
Corp. |
39,851 |
2,380,699 |
Passenger
Airlines — 0.6% | ||
Alaska
Air Group, Inc. * |
70,856 |
3,079,402 |
American
Airlines Group, Inc. *
(a) |
361,575 |
4,931,883 |
Frontier
Group Holdings, Inc. * |
20,563 |
195,143 |
JetBlue
Airways Corp. * |
179,955 |
1,284,879 |
Joby
Aviation, Inc. *
(a) |
162,396 |
703,174 |
|
|
10,194,481 |
Personal
Care Products — 0.4% | ||
Beauty
Health Co. (The) *
(a) |
51,405 |
589,101 |
BellRing
Brands, Inc. * |
74,216 |
2,671,034 |
Coty,
Inc., Class A * |
203,710 |
2,418,038 |
104
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Personal
Care Products — continued | ||
Herbalife
Ltd. * |
54,399 |
808,369 |
Olaplex
Holdings, Inc. * |
46,892 |
173,500 |
|
|
6,660,042 |
Pharmaceuticals
— 0.8% | ||
Intra-Cellular
Therapies, Inc. * |
48,917 |
3,040,191 |
Organon
& Co. |
141,347 |
3,481,377 |
Pacira
BioSciences, Inc. * |
25,499 |
1,155,360 |
Perrigo
Co. plc |
74,825 |
2,782,742 |
Prestige
Consumer Healthcare, Inc. * |
27,588 |
1,697,490 |
Tilray
Brands, Inc. (Canada) *
(a) |
342,041 |
803,796 |
|
|
12,960,956 |
Professional
Services — 3.0% | ||
Alight,
Inc., Class A * |
174,878 |
1,617,621 |
ASGN,
Inc. * |
27,752 |
1,986,766 |
CACI
International, Inc., Class A * |
13,045 |
4,087,259 |
Concentrix
Corp. (a) |
23,733 |
2,290,472 |
Dun
& Bradstreet Holdings, Inc. |
121,056 |
1,352,196 |
ExlService
Holdings, Inc. * |
18,397 |
3,281,657 |
Exponent,
Inc. |
28,136 |
2,589,919 |
FTI
Consulting, Inc. *
(a) |
19,103 |
3,448,091 |
Genpact
Ltd. |
93,526 |
4,166,583 |
Insperity,
Inc. |
19,760 |
2,419,810 |
KBR,
Inc. |
76,263 |
4,326,400 |
ManpowerGroup,
Inc. |
28,094 |
2,126,997 |
Maximus,
Inc. |
33,789 |
2,826,450 |
Paycor
HCM, Inc. *
(a) |
26,467 |
621,974 |
Robert
Half International, Inc. |
59,831 |
4,367,663 |
Science
Applications International Corp. |
30,376 |
3,099,263 |
TriNet
Group, Inc. * |
20,405 |
1,893,176 |
Upwork,
Inc. * |
66,416 |
635,601 |
|
|
47,137,898 |
Real
Estate Management & Development — 0.5% | ||
Cushman
& Wakefield plc * |
90,320 |
889,652 |
DigitalBridge
Group, Inc. |
79,971 |
994,039 |
eXp
World Holdings, Inc. (a) |
40,739 |
476,239 |
Howard
Hughes Corp. (The) * |
19,108 |
1,478,386 |
Jones
Lang LaSalle, Inc. *
(a) |
26,376 |
3,667,319 |
WeWork,
Inc. *
(a) |
129,869 |
54,740 |
|
|
7,560,375 |
Residential
REITs — 0.7% | ||
American
Homes 4 Rent, Class A |
170,548 |
5,672,426 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Residential
REITs — continued | ||
Apartment
Income REIT Corp. |
82,645 |
3,056,212 |
Independence
Realty Trust, Inc. |
124,381 |
2,070,944 |
|
|
10,799,582 |
Retail
REITs — 1.3% | ||
Agree
Realty Corp. |
49,230 |
3,347,148 |
Brixmor
Property Group, Inc. |
166,673 |
3,555,135 |
Kite
Realty Group Trust |
121,751 |
2,522,681 |
National
Retail Properties, Inc. |
100,813 |
4,385,365 |
Phillips
Edison & Co., Inc. |
65,062 |
2,052,055 |
SITE
Centers Corp. |
101,952 |
1,258,088 |
Spirit
Realty Capital, Inc. |
77,600 |
2,984,496 |
|
|
20,104,968 |
Semiconductors
& Semiconductor Equipment — 2.0% | ||
Allegro
MicroSystems, Inc. (Japan) * |
36,156 |
1,293,300 |
Ambarella,
Inc. * |
20,458 |
1,267,987 |
Amkor
Technology, Inc. (a) |
55,838 |
1,249,096 |
Cirrus
Logic, Inc. * |
30,702 |
2,633,925 |
Lattice
Semiconductor Corp. * |
76,138 |
6,068,199 |
MACOM
Technology Solutions Holdings,
Inc. * |
28,710 |
1,674,941 |
MKS
Instruments, Inc. |
31,766 |
2,664,214 |
Power
Integrations, Inc. |
31,657 |
2,303,996 |
Semtech
Corp. * |
35,492 |
691,739 |
Silicon
Laboratories, Inc. * |
17,736 |
2,470,625 |
SiTime
Corp. * |
8,908 |
966,251 |
Synaptics,
Inc. * |
21,908 |
1,940,173 |
Universal
Display Corp. |
24,130 |
3,220,390 |
Wolfspeed,
Inc. *
(a) |
69,126 |
3,217,815 |
|
|
31,662,651 |
Software
— 6.0% | ||
ACI
Worldwide, Inc. * |
62,427 |
1,581,276 |
Alteryx,
Inc., Class A * |
34,239 |
1,408,250 |
AppLovin
Corp., Class A *
(a) |
68,363 |
1,162,171 |
Asana,
Inc., Class A * |
42,447 |
686,792 |
Black
Knight, Inc. * |
86,712 |
4,737,944 |
Blackbaud,
Inc. * |
24,779 |
1,718,548 |
Blackline,
Inc. * |
30,201 |
1,682,498 |
Box,
Inc., Class A * |
79,402 |
2,100,977 |
CCC
Intelligent Solutions Holdings, Inc. *
(a) |
58,644 |
509,030 |
Clear
Secure, Inc., Class A (a) |
43,305 |
1,047,548 |
CommVault
Systems, Inc. * |
24,753 |
1,442,357 |
Cvent
Holding Corp. *
(a) |
35,226 |
296,251 |
Dolby
Laboratories, Inc., Class A |
33,339 |
2,790,141 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
105
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Software
— continued | ||
DoubleVerify
Holdings, Inc. * |
48,554 |
1,428,459 |
Dropbox,
Inc., Class A * |
149,851 |
3,047,969 |
Elastic
NV * |
43,057 |
2,465,013 |
EngageSmart,
Inc. * |
16,528 |
283,786 |
Envestnet,
Inc. * |
30,738 |
1,948,174 |
Fair
Isaac Corp. * |
13,956 |
10,159,270 |
Five9,
Inc. * |
39,178 |
2,540,301 |
Guidewire
Software, Inc. * |
45,474 |
3,464,664 |
Informatica,
Inc., Class A * |
21,314 |
329,514 |
Jamf
Holding Corp. * |
24,941 |
471,884 |
JFrog
Ltd. (Israel) * |
33,684 |
625,512 |
Manhattan
Associates, Inc. * |
34,740 |
5,755,723 |
MicroStrategy,
Inc., Class A *
(a) |
5,312 |
1,744,355 |
nCino,
Inc. *
(a) |
42,574 |
1,052,855 |
NCR
Corp. * |
76,682 |
1,709,242 |
New
Relic, Inc. * |
32,524 |
2,324,490 |
Nutanix,
Inc., Class A * |
127,861 |
3,066,107 |
Pegasystems,
Inc. |
22,846 |
1,042,235 |
PowerSchool
Holdings, Inc., Class A * |
22,156 |
462,617 |
Procore
Technologies, Inc. *
(a) |
38,343 |
2,047,900 |
Qualtrics
International, Inc., Class A * |
62,626 |
1,122,884 |
Qualys,
Inc. * |
19,233 |
2,172,175 |
Rapid7,
Inc. * |
32,935 |
1,600,970 |
RingCentral,
Inc., Class A * |
43,069 |
1,186,982 |
SentinelOne,
Inc., Class A * |
121,664 |
1,955,140 |
Smartsheet,
Inc., Class A * |
72,994 |
2,983,265 |
Sprout
Social, Inc., Class A * |
26,271 |
1,294,109 |
SPS
Commerce, Inc. * |
20,000 |
2,946,000 |
Tenable
Holdings, Inc. * |
62,836 |
2,324,304 |
Teradata
Corp. * |
56,546 |
2,188,896 |
UiPath,
Inc., Class A * |
196,027 |
2,760,060 |
Varonis
Systems, Inc. * |
59,788 |
1,384,690 |
Verint
Systems, Inc. * |
36,602 |
1,335,607 |
Workiva,
Inc. * |
25,424 |
2,375,110 |
|
|
94,764,045 |
Specialized
REITs — 2.0% | ||
CubeSmart |
124,817 |
5,677,925 |
EPR
Properties |
41,690 |
1,749,312 |
Gaming
and Leisure Properties, Inc. |
143,096 |
7,440,992 |
Lamar
Advertising Co., Class A |
48,494 |
5,124,846 |
Life
Storage, Inc. |
47,207 |
6,343,677 |
National
Storage Affiliates Trust |
46,950 |
1,809,923 |
Outfront
Media, Inc. (a) |
81,166 |
1,352,226 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Specialized
REITs — continued | ||
Rayonier,
Inc. |
81,837 |
2,566,408 |
Uniti
Group, Inc. |
131,820 |
450,824 |
|
|
32,516,133 |
Specialty
Retail — 3.3% | ||
American
Eagle Outfitters, Inc. |
96,864 |
1,297,009 |
AutoNation,
Inc. * |
18,990 |
2,500,983 |
Chewy,
Inc., Class A *
(a) |
51,744 |
1,604,581 |
Dick's
Sporting Goods, Inc. |
33,250 |
4,821,583 |
Five
Below, Inc. * |
30,836 |
6,085,793 |
Floor
& Decor Holdings, Inc., Class A * |
58,954 |
5,856,490 |
Foot
Locker, Inc. |
44,091 |
1,851,381 |
GameStop
Corp., Class A *
(a) |
140,479 |
2,709,840 |
Gap,
Inc. (The) (a) |
117,645 |
1,129,392 |
Leslie's,
Inc. *
(a) |
82,662 |
896,883 |
Lithia
Motors, Inc., Class A |
15,200 |
3,357,528 |
Murphy
USA, Inc. |
11,116 |
3,059,457 |
National
Vision Holdings, Inc. * |
43,824 |
922,057 |
Penske
Automotive Group, Inc. (a) |
13,852 |
1,919,610 |
Petco
Health & Wellness Co., Inc. * |
44,363 |
441,856 |
RH * |
10,371 |
2,645,953 |
Urban
Outfitters, Inc. * |
33,288 |
900,773 |
Valvoline,
Inc. |
95,532 |
3,300,631 |
Victoria's
Secret & Co. *
(a) |
44,928 |
1,393,217 |
Wayfair,
Inc., Class A *
(a) |
42,962 |
1,496,366 |
Williams-Sonoma,
Inc. (a) |
36,967 |
4,474,486 |
|
|
52,665,869 |
Technology
Hardware, Storage & Peripherals — 0.3% | ||
Pure
Storage, Inc., Class A * |
158,075 |
3,608,852 |
Xerox
Holdings Corp. |
62,317 |
976,508 |
|
|
4,585,360 |
Textiles,
Apparel & Luxury Goods — 1.9% | ||
Capri
Holdings Ltd. * |
69,853 |
2,898,900 |
Carter's,
Inc. (a) |
21,211 |
1,479,892 |
Columbia
Sportswear Co. |
19,668 |
1,643,065 |
Crocs,
Inc. *
(a) |
34,295 |
4,241,263 |
Deckers
Outdoor Corp. * |
14,636 |
7,015,620 |
Hanesbrands,
Inc. (a) |
194,137 |
1,017,278 |
PVH
Corp. |
35,195 |
3,020,083 |
Ralph
Lauren Corp. |
22,847 |
2,622,607 |
Skechers
U.S.A., Inc., Class A * |
74,602 |
3,968,080 |
Under
Armour, Inc., Class A * |
104,852 |
930,037 |
Under
Armour, Inc., Class C * |
105,359 |
847,086 |
|
|
29,683,911 |
106
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Trading
Companies & Distributors — 1.6% | ||
Air
Lease Corp. |
57,292 |
2,304,284 |
Applied
Industrial Technologies, Inc. |
21,439 |
2,908,415 |
Beacon
Roofing Supply, Inc. * |
28,194 |
1,696,715 |
Core
& Main, Inc., Class A *
(a) |
41,174 |
1,072,994 |
GATX
Corp. |
19,562 |
2,228,307 |
Herc
Holdings, Inc. |
13,807 |
1,380,976 |
MSC
Industrial Direct Co., Inc., Class A |
26,301 |
2,386,290 |
Rush
Enterprises, Inc., Class B |
4,109 |
240,705 |
SiteOne
Landscape Supply, Inc. *
(a) |
25,040 |
3,699,410 |
Univar
Solutions, Inc. * |
90,644 |
3,217,862 |
WESCO
International, Inc. |
24,852 |
3,578,688 |
|
|
24,714,646 |
Water
Utilities — 0.4% | ||
Essential
Utilities, Inc. |
132,647 |
5,664,027 |
Total
Common Stocks
(Cost
$1,642,708,518) |
|
1,571,965,056 |
Short-Term
Investments — 10.1% | ||
Investment
Companies — 0.9% | ||
JPMorgan
U.S. Government Money Market
Fund
Class IM Shares, 4.78% (b)
(c)
(Cost
$14,096,298) |
14,096,298 |
14,096,298 |
Investment
of Cash Collateral from Securities Loaned — 9.2% | ||
JPMorgan
Securities Lending Money Market
Fund
Agency SL Class Shares, 5.01% (b)
(c) |
129,451,165 |
129,464,110 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Investment
of Cash Collateral from Securities Loaned —
continued | ||
JPMorgan
U.S. Government Money Market
Fund
Class IM Shares, 4.78% (b)
(c) |
16,967,567 |
16,967,567 |
Total
Investment of Cash Collateral from
Securities
Loaned
(Cost
$146,466,813) |
|
146,431,677 |
Total
Short-Term Investments
(Cost
$160,563,111) |
|
160,527,975 |
Total
Investments — 109.1%
(Cost
$1,803,271,629) |
|
1,732,493,031 |
Liabilities
in Excess of Other Assets —
(9.1)% |
|
(144,648,423
) |
NET
ASSETS — 100.0% |
|
1,587,844,608 |
Percentages
indicated are based on net
assets. |
Abbreviations |
|
REIT |
Real
Estate Investment Trust |
* |
Non-income
producing security.
|
(a) |
The
security or a portion of this security is on loan at April 30,
2023.
The total value of securities on loan at April 30, 2023 is
$143,449,282. |
(b) |
Investment
in an affiliated fund, which is registered under the
Investment
Company Act of 1940, as amended, and is advised by
J.P.
Morgan Investment Management Inc. |
(c) |
The
rate shown is the current yield as of April 30,
2023. |
DESCRIPTION |
NUMBER
OF
CONTRACTS |
EXPIRATION
DATE |
TRADING
CURRENCY |
NOTIONAL
AMOUNT
($) |
VALUE
AND
UNREALIZED
APPRECIATION
(DEPRECIATION)
($) |
Long
Contracts |
|
|
|
|
|
S&P
Midcap 400 E-Mini Index |
60 |
06/16/2023 |
USD |
15,009,600 |
146,307 |
Abbreviations |
|
USD |
United
States Dollar |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
107
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — 98.7% | ||
Aerospace
& Defense — 1.0% | ||
AAR
Corp. * |
18,306 |
966,191 |
AeroVironment,
Inc. * |
14,076 |
1,417,313 |
AerSale
Corp. *
(a) |
8,647 |
139,909 |
Cadre
Holdings, Inc. (a) |
8,536 |
179,768 |
Kaman
Corp. |
15,672 |
345,881 |
Kratos
Defense & Security Solutions, Inc. * |
70,398 |
908,134 |
Maxar
Technologies, Inc. |
41,710 |
2,198,951 |
Triumph
Group, Inc. * |
36,324 |
392,662 |
V2X,
Inc. * |
6,141 |
265,291 |
Virgin
Galactic Holdings, Inc. *
(a) |
133,496 |
485,925 |
|
|
7,300,025 |
Air
Freight & Logistics — 0.5% | ||
Air
Transport Services Group, Inc. * |
31,683 |
643,481 |
Forward
Air Corp. |
14,843 |
1,566,085 |
Hub
Group, Inc., Class A * |
18,267 |
1,377,332 |
|
|
3,586,898 |
Automobile
Components — 1.1% | ||
American
Axle & Manufacturing Holdings, Inc. * |
64,033 |
457,836 |
Dorman
Products, Inc. * |
15,799 |
1,361,242 |
Gentherm,
Inc. * |
18,534 |
1,105,553 |
Holley,
Inc. *
(a) |
28,222 |
68,015 |
LCI
Industries |
14,209 |
1,605,049 |
Mobileye
Global, Inc., Class A (Israel) *
(a) |
26,132 |
983,608 |
Patrick
Industries, Inc. |
12,040 |
826,305 |
Solid
Power, Inc. *
(a) |
60,926 |
138,302 |
Standard
Motor Products, Inc. |
10,491 |
377,781 |
XPEL,
Inc. *
(b) |
10,968 |
801,322 |
|
|
7,725,013 |
Automobiles
— 0.2% | ||
Fisker,
Inc. *
(a) |
88,306 |
568,691 |
Winnebago
Industries, Inc. |
17,038 |
990,589 |
|
|
1,559,280 |
Banks
— 8.1% | ||
1st
Source Corp. |
9,504 |
396,127 |
Amalgamated
Financial Corp. |
9,902 |
161,205 |
Amerant
Bancorp, Inc. |
14,341 |
266,743 |
Ameris
Bancorp |
36,413 |
1,219,836 |
Atlantic
Union Bankshares Corp. |
41,726 |
1,194,198 |
Axos
Financial, Inc. * |
29,858 |
1,214,325 |
Banc
of California, Inc. |
30,653 |
347,912 |
BancFirst
Corp. |
9,769 |
780,445 |
Bancorp,
Inc. (The) * |
31,109 |
992,688 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Banks
— continued | ||
Banner
Corp. |
19,087 |
952,823 |
Berkshire
Hills Bancorp, Inc. |
24,781 |
527,092 |
Brookline
Bancorp, Inc. |
49,035 |
467,794 |
Capitol
Federal Financial, Inc. |
70,785 |
438,867 |
Cathay
General Bancorp |
40,631 |
1,294,910 |
Central
Pacific Financial Corp. |
15,145 |
240,503 |
City
Holding Co. |
8,316 |
758,336 |
Columbia
Banking System, Inc. |
116,217 |
2,482,395 |
Columbia
Financial, Inc. *
(a) |
18,283 |
306,789 |
Community
Bank System, Inc. |
30,023 |
1,499,949 |
Community
Trust Bancorp, Inc. |
8,499 |
306,049 |
Customers
Bancorp, Inc. * |
16,984 |
370,931 |
Dime
Community Bancshares, Inc. |
18,079 |
372,427 |
Eagle
Bancorp, Inc. |
17,497 |
439,175 |
Eastern
Bankshares, Inc. |
89,631 |
1,044,201 |
Enterprise
Financial Services Corp. |
20,845 |
891,332 |
FB
Financial Corp. |
19,573 |
576,033 |
First
Bancorp |
22,736 |
699,814 |
First
BanCorp (Puerto Rico) |
102,093 |
1,199,593 |
First
Busey Corp. |
28,753 |
522,730 |
First
Commonwealth Financial Corp. |
57,456 |
717,051 |
First
Financial Bancorp |
53,013 |
1,097,369 |
First
Foundation, Inc. |
28,337 |
178,240 |
First
Merchants Corp. |
33,074 |
965,099 |
Flushing
Financial Corp. |
15,664 |
188,438 |
Fulton
Financial Corp. |
93,652 |
1,117,268 |
German
American Bancorp, Inc. |
15,463 |
449,509 |
Heartland
Financial USA, Inc. |
21,111 |
687,374 |
Heritage
Financial Corp. |
19,599 |
345,138 |
Hilltop
Holdings, Inc. |
25,678 |
796,532 |
Hope
Bancorp, Inc. |
66,778 |
607,680 |
Independent
Bank Group, Inc. |
19,819 |
721,015 |
International
Bancshares Corp. |
29,498 |
1,258,680 |
Kearny
Financial Corp. |
37,679 |
293,519 |
Lakeland
Bancorp, Inc. |
36,256 |
519,911 |
Lakeland
Financial Corp. |
14,170 |
717,994 |
Live
Oak Bancshares, Inc. |
18,459 |
434,894 |
National
Bank Holdings Corp., Class A |
21,019 |
668,404 |
NBT
Bancorp, Inc. |
23,971 |
772,825 |
Nicolet
Bankshares, Inc. *
(a) |
7,457 |
427,361 |
Northfield
Bancorp, Inc. |
23,284 |
242,619 |
Northwest
Bancshares, Inc. |
70,988 |
829,850 |
OceanFirst
Financial Corp. |
33,061 |
528,976 |
OFG
Bancorp (Puerto Rico) |
26,618 |
680,622 |
108
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Banks
— continued | ||
Origin
Bancorp, Inc. |
16,321 |
480,327 |
Pacific
Premier Bancorp, Inc. |
53,102 |
1,180,989 |
Park
National Corp. (a) |
8,064 |
873,492 |
Pathward
Financial, Inc. |
15,383 |
685,005 |
Preferred
Bank |
7,379 |
354,782 |
Premier
Financial Corp. |
19,901 |
330,556 |
Provident
Financial Services, Inc. |
42,066 |
735,314 |
Renasant
Corp. |
31,303 |
880,240 |
Republic
Bancorp, Inc., Class A |
4,978 |
195,635 |
S&T
Bancorp, Inc. |
21,765 |
599,190 |
Sandy
Spring Bancorp, Inc. |
24,926 |
560,336 |
Seacoast
Banking Corp. of Florida |
46,751 |
1,037,405 |
Simmons
First National Corp., Class A |
70,997 |
1,186,360 |
Southside
Bancshares, Inc. |
16,758 |
531,731 |
Stellar
Bancorp, Inc. |
25,165 |
577,285 |
Stock
Yards Bancorp, Inc. |
16,345 |
794,367 |
Tompkins
Financial Corp. |
6,992 |
409,871 |
Towne
Bank |
37,935 |
898,680 |
TriCo
Bancshares |
18,599 |
666,030 |
Triumph
Financial, Inc. * |
12,634 |
656,463 |
Trustmark
Corp. |
34,089 |
814,386 |
Veritex
Holdings, Inc. |
30,166 |
519,157 |
Washington
Federal, Inc. |
36,587 |
1,025,899 |
Washington
Trust Bancorp, Inc. |
9,585 |
269,434 |
WesBanco,
Inc. |
33,088 |
880,803 |
Westamerica
BanCorp |
15,066 |
610,324 |
WSFS
Financial Corp. |
34,465 |
1,212,134 |
|
|
56,177,785 |
Beverages
— 0.2% | ||
Duckhorn
Portfolio, Inc. (The) * |
23,797 |
359,335 |
MGP
Ingredients, Inc. |
8,580 |
846,674 |
|
|
1,206,009 |
Biotechnology
— 7.5% | ||
Agios
Pharmaceuticals, Inc. * |
30,680 |
701,652 |
Alector,
Inc. * |
34,198 |
225,707 |
Allogene
Therapeutics, Inc. *
(a) |
50,800 |
275,844 |
Amicus
Therapeutics, Inc. * |
139,749 |
1,612,703 |
AnaptysBio,
Inc. * |
11,112 |
231,352 |
Arcellx,
Inc. *
(a) |
15,201 |
648,779 |
Arcus
Biosciences, Inc. * |
29,108 |
519,578 |
Arcutis
Biotherapeutics, Inc. * |
22,489 |
311,248 |
Aurinia
Pharmaceuticals, Inc. (Canada) * |
79,414 |
893,408 |
Avid
Bioservices, Inc. * |
34,806 |
628,248 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Biotechnology
— continued | ||
Avidity
Biosciences, Inc. * |
37,158 |
460,759 |
BioCryst
Pharmaceuticals, Inc. * |
104,172 |
792,749 |
Biohaven
Ltd. *
(a) |
35,799 |
468,251 |
Bridgebio
Pharma, Inc. * |
65,498 |
951,031 |
CareDx,
Inc. * |
29,925 |
242,093 |
Catalyst
Pharmaceuticals, Inc. * |
53,522 |
852,070 |
Celldex
Therapeutics, Inc. * |
26,317 |
827,406 |
Chinook
Therapeutics, Inc. * |
25,041 |
501,070 |
Cogent
Biosciences, Inc. * |
39,040 |
420,070 |
Coherus
Biosciences, Inc. * |
36,099 |
260,996 |
Deciphera
Pharmaceuticals, Inc. * |
30,988 |
440,339 |
Dynavax
Technologies Corp. * |
66,301 |
690,193 |
Editas
Medicine, Inc. *
(a) |
38,422 |
313,524 |
Emergent
BioSolutions, Inc. * |
24,800 |
218,984 |
Enanta
Pharmaceuticals, Inc. * |
10,980 |
390,339 |
Entrada
Therapeutics, Inc. *
(a) |
9,557 |
111,912 |
EQRx,
Inc. *
(a) |
128,290 |
215,527 |
FibroGen,
Inc. * |
48,840 |
836,141 |
Gossamer
Bio, Inc. *
(a) |
43,025 |
55,502 |
IGM
Biosciences, Inc. *
(a) |
4,823 |
52,233 |
ImmunityBio,
Inc. *
(a) |
57,782 |
161,790 |
ImmunoGen,
Inc. * |
111,017 |
598,382 |
Immunovant,
Inc. * |
31,329 |
505,650 |
Inhibrx,
Inc. * |
16,797 |
352,737 |
Insmed,
Inc. * |
75,710 |
1,476,345 |
Iovance
Biotherapeutics, Inc. * |
76,744 |
432,836 |
Ironwood
Pharmaceuticals, Inc. * |
74,590 |
776,482 |
iTeos
Therapeutics, Inc. * |
13,712 |
188,403 |
IVERIC
bio, Inc. * |
72,282 |
2,377,355 |
Keros
Therapeutics, Inc. * |
9,668 |
428,824 |
Krystal
Biotech, Inc. * |
12,088 |
1,015,392 |
Kura
Oncology, Inc. * |
35,113 |
342,001 |
Kymera
Therapeutics, Inc. * |
21,743 |
685,774 |
Lyell
Immunopharma, Inc. *
(a) |
80,833 |
164,091 |
Madrigal
Pharmaceuticals, Inc. *
(a) |
6,808 |
2,124,096 |
Mersana
Therapeutics, Inc. * |
50,218 |
219,955 |
Morphic
Holding, Inc. * |
16,619 |
785,414 |
Myriad
Genetics, Inc. * |
45,277 |
963,947 |
PMV
Pharmaceuticals, Inc. * |
17,966 |
82,823 |
Prime
Medicine, Inc. *
(a) |
5,316 |
73,201 |
Prometheus
Biosciences, Inc. * |
19,219 |
3,727,525 |
Prothena
Corp. plc (Ireland) * |
22,014 |
1,158,377 |
PTC
Therapeutics, Inc. * |
40,145 |
2,213,595 |
REGENXBIO,
Inc. * |
21,047 |
407,470 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
109
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Biotechnology
— continued | ||
Replimune
Group, Inc. * |
20,571 |
344,153 |
REVOLUTION
Medicines, Inc. * |
49,818 |
1,170,225 |
Rhythm
Pharmaceuticals, Inc. * |
24,856 |
501,346 |
Rocket
Pharmaceuticals, Inc. * |
32,563 |
583,529 |
Roivant
Sciences Ltd. * |
61,604 |
526,714 |
Sage
Therapeutics, Inc. * |
28,925 |
1,412,986 |
Sana
Biotechnology, Inc. *
(a) |
48,743 |
257,850 |
Sangamo
Therapeutics, Inc. * |
75,546 |
111,053 |
Seres
Therapeutics, Inc. * |
51,524 |
251,180 |
SpringWorks
Therapeutics, Inc. * |
24,747 |
578,585 |
Stoke
Therapeutics, Inc. * |
12,506 |
111,178 |
Syndax
Pharmaceuticals, Inc. * |
36,170 |
743,294 |
Tango
Therapeutics, Inc. *
(a) |
24,030 |
81,702 |
TG
Therapeutics, Inc. * |
77,178 |
1,916,330 |
Travere
Therapeutics, Inc. * |
35,644 |
768,841 |
Twist
Bioscience Corp. * |
31,746 |
396,190 |
Vaxcyte,
Inc. * |
41,315 |
1,769,521 |
Veracyte,
Inc. * |
40,081 |
907,434 |
Vericel
Corp. * |
26,378 |
831,171 |
Verve
Therapeutics, Inc. *
(a) |
23,441 |
373,415 |
Viridian
Therapeutics, Inc. *
(a) |
22,507 |
630,871 |
Xencor,
Inc. * |
33,508 |
885,952 |
Zentalis
Pharmaceuticals, Inc. * |
24,576 |
541,409 |
|
|
52,107,102 |
Broadline
Retail — 0.1% | ||
Big
Lots, Inc. (a) |
16,198 |
145,620 |
ContextLogic,
Inc., Class A *
(a) |
10,400 |
74,984 |
Qurate
Retail, Inc. * |
190,141 |
151,466 |
|
|
372,070 |
Building
Products — 1.5% | ||
AAON,
Inc. |
23,508 |
2,303,784 |
American
Woodmark Corp. * |
9,311 |
470,392 |
Apogee
Enterprises, Inc. |
12,439 |
529,404 |
AZZ,
Inc. |
13,882 |
523,768 |
Gibraltar
Industries, Inc. * |
17,313 |
866,343 |
Griffon
Corp. |
26,496 |
753,811 |
Janus
International Group, Inc. * |
44,243 |
398,187 |
JELD-WEN
Holding, Inc. * |
47,155 |
602,641 |
Masonite
International Corp. *
(a) |
12,470 |
1,139,883 |
PGT
Innovations, Inc. * |
33,544 |
860,739 |
Quanex
Building Products Corp. |
18,552 |
354,343 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Building
Products — continued | ||
Resideo
Technologies, Inc. * |
81,503 |
1,450,753 |
Tecnoglass,
Inc. |
11,172 |
489,892 |
|
|
10,743,940 |
Capital
Markets — 2.4% | ||
AssetMark
Financial Holdings, Inc. * |
11,936 |
366,197 |
Avantax,
Inc. * |
22,228 |
563,924 |
B.
Riley Financial, Inc. (a) |
8,944 |
281,736 |
BGC
Partners, Inc., Class A |
181,268 |
821,144 |
Brightsphere
Investment Group, Inc. |
18,038 |
407,298 |
Cohen
& Steers, Inc. |
13,856 |
832,191 |
Donnelley
Financial Solutions, Inc. * |
14,013 |
606,062 |
Focus
Financial Partners, Inc., Class A * |
32,417 |
1,683,739 |
Freedom
Holding Corp. (Kazakhstan) *
(a) |
9,335 |
713,474 |
Hamilton
Lane, Inc., Class A |
19,903 |
1,466,453 |
Moelis
& Co., Class A |
35,747 |
1,354,096 |
Open
Lending Corp., Class A * |
58,620 |
412,099 |
Piper
Sandler Cos. |
7,685 |
1,040,856 |
PJT
Partners, Inc., Class A |
13,647 |
938,504 |
StepStone
Group, Inc., Class A |
27,360 |
602,741 |
StoneX
Group, Inc. * |
9,831 |
964,126 |
TPG,
Inc. (a) |
28,540 |
826,804 |
Victory
Capital Holdings, Inc., Class A |
15,074 |
460,360 |
Virtu
Financial, Inc., Class A |
51,892 |
1,040,435 |
Virtus
Investment Partners, Inc. |
3,784 |
689,483 |
WisdomTree,
Inc. (a) |
62,271 |
388,571 |
|
|
16,460,293 |
Chemicals
— 1.7% | ||
AdvanSix,
Inc. |
15,386 |
579,744 |
Amyris,
Inc. *
(a) |
144,270 |
117,955 |
Aspen
Aerogels, Inc. * |
31,030 |
194,248 |
Ecovyst,
Inc. * |
37,149 |
421,641 |
HB
Fuller Co. |
30,009 |
1,985,696 |
Innospec,
Inc. |
13,819 |
1,404,425 |
Kronos
Worldwide, Inc. |
12,156 |
113,051 |
LSB
Industries, Inc. * |
28,408 |
253,683 |
Mativ
Holdings, Inc. |
30,679 |
594,252 |
Minerals
Technologies, Inc. |
18,103 |
1,072,784 |
Perimeter
Solutions SA *
(a) |
82,603 |
617,870 |
PureCycle
Technologies, Inc. *
(a) |
74,028 |
486,364 |
Quaker
Chemical Corp. |
7,585 |
1,415,589 |
Stepan
Co. |
11,772 |
1,085,378 |
110
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Chemicals
— continued | ||
Trinseo
plc |
19,534 |
353,956 |
Tronox
Holdings plc |
63,911 |
874,942 |
|
|
11,571,578 |
Commercial
Services & Supplies — 1.8% | ||
ABM
Industries, Inc. |
36,921 |
1,572,096 |
ACV
Auctions, Inc., Class A *
(a) |
65,754 |
856,775 |
Aurora
Innovation, Inc. *
(a) |
206,929 |
295,909 |
Brady
Corp., Class A |
25,812 |
1,317,186 |
BrightView
Holdings, Inc. * |
21,440 |
118,563 |
Cimpress
plc (Ireland) *
(a) |
11,004 |
571,658 |
CoreCivic,
Inc. * |
64,246 |
564,722 |
Deluxe
Corp. |
24,116 |
365,358 |
GEO
Group, Inc. (The) *
(a) |
69,383 |
522,454 |
Healthcare
Services Group, Inc. |
41,420 |
646,566 |
HNI
Corp. |
23,118 |
600,606 |
Interface,
Inc. |
32,519 |
254,949 |
KAR
Auction Services, Inc. *
(a) |
60,878 |
824,288 |
Matthews
International Corp., Class A |
16,978 |
642,957 |
MillerKnoll,
Inc. |
42,219 |
718,145 |
Montrose
Environmental Group, Inc. * |
15,272 |
465,185 |
Pitney
Bowes, Inc. |
90,434 |
317,423 |
SP
Plus Corp. * |
11,242 |
384,139 |
Steelcase,
Inc., Class A |
51,687 |
413,496 |
UniFirst
Corp. |
8,434 |
1,380,477 |
|
|
12,832,952 |
Communications
Equipment — 0.8% | ||
ADTRAN
Holdings, Inc. |
39,484 |
360,094 |
Clearfield,
Inc. * |
7,032 |
307,158 |
CommScope
Holding Co., Inc. * |
116,470 |
574,197 |
Digi
International, Inc. * |
19,976 |
602,476 |
Extreme
Networks, Inc. * |
72,172 |
1,283,218 |
Harmonic,
Inc. * |
61,415 |
865,338 |
Infinera
Corp. *
(a) |
106,825 |
676,202 |
NETGEAR,
Inc. * |
16,168 |
228,454 |
NetScout
Systems, Inc. * |
37,696 |
1,025,708 |
|
|
5,922,845 |
Construction
& Engineering — 1.1% | ||
Ameresco,
Inc., Class A * |
18,950 |
788,320 |
Arcosa,
Inc. |
26,997 |
1,823,377 |
Construction
Partners, Inc., Class A * |
23,120 |
599,733 |
Dycom
Industries, Inc. * |
16,491 |
1,527,397 |
Granite
Construction, Inc. |
24,472 |
933,117 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Construction
& Engineering — continued | ||
MYR
Group, Inc. * |
9,300 |
1,190,307 |
Primoris
Services Corp. |
29,651 |
750,170 |
|
|
7,612,421 |
Construction
Materials — 0.3% | ||
Summit
Materials, Inc., Class A * |
66,181 |
1,814,021 |
Consumer
Finance — 0.9% | ||
Encore
Capital Group, Inc. * |
13,078 |
671,948 |
Enova
International, Inc. * |
17,434 |
765,701 |
Green
Dot Corp., Class A * |
26,164 |
449,759 |
LendingClub
Corp. * |
59,539 |
427,490 |
Navient
Corp. |
56,681 |
937,504 |
Nelnet,
Inc., Class A |
10,039 |
966,756 |
PRA
Group, Inc. * |
21,754 |
789,018 |
PROG
Holdings, Inc. * |
27,949 |
844,898 |
World
Acceptance Corp. * |
1,898 |
191,508 |
|
|
6,044,582 |
Consumer
Staples Distribution & Retail — 0.8% | ||
Andersons,
Inc. (The) |
17,390 |
777,333 |
Chefs'
Warehouse, Inc. (The) * |
19,021 |
632,638 |
Grocery
Outlet Holding Corp. * |
49,465 |
1,473,068 |
Ingles
Markets, Inc., Class A |
8,021 |
738,253 |
SpartanNash
Co. |
19,746 |
484,172 |
United
Natural Foods, Inc. * |
33,463 |
912,536 |
Weis
Markets, Inc. |
9,141 |
754,041 |
|
|
5,772,041 |
Containers
& Packaging — 0.6% | ||
Greif,
Inc., Class A |
14,296 |
897,646 |
Myers
Industries, Inc. |
20,410 |
386,770 |
O-I
Glass, Inc. * |
86,258 |
1,938,217 |
Pactiv
Evergreen, Inc. |
21,888 |
172,915 |
TriMas
Corp. |
23,478 |
596,576 |
|
|
3,992,124 |
Diversified
Consumer Services — 1.1% | ||
2U,
Inc. * |
44,195 |
244,840 |
Adtalem
Global Education, Inc. * |
25,380 |
1,029,667 |
Duolingo,
Inc. * |
14,163 |
1,928,434 |
European
Wax Center, Inc., Class A *
(a) |
16,203 |
305,265 |
Laureate
Education, Inc., Class A |
75,286 |
932,794 |
OneSpaWorld
Holdings Ltd. (Bahamas) * |
33,133 |
397,596 |
Rover
Group, Inc. * |
54,457 |
246,690 |
Strategic
Education, Inc. (a) |
12,459 |
1,096,392 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
111
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Diversified
Consumer Services — continued | ||
Stride,
Inc. * |
22,918 |
984,557 |
Udemy,
Inc. * |
36,323 |
330,176 |
|
|
7,496,411 |
Diversified
REITs — 0.6% | ||
Alexander
& Baldwin, Inc. |
40,512 |
779,046 |
American
Assets Trust, Inc. |
29,214 |
531,695 |
Empire
State Realty Trust, Inc., Class A (a) |
73,528 |
449,256 |
Essential
Properties Realty Trust, Inc. |
79,610 |
1,970,347 |
Global
Net Lease, Inc. |
57,984 |
652,900 |
|
|
4,383,244 |
Diversified
Telecommunication Services — 0.4% | ||
Cogent
Communications Holdings, Inc. |
23,852 |
1,646,742 |
EchoStar
Corp., Class A * |
19,829 |
338,481 |
Liberty
Latin America Ltd., Class A (Puerto
Rico) * |
20,910 |
185,472 |
Liberty
Latin America Ltd., Class C (Puerto
Rico) * |
81,418 |
722,992 |
|
|
2,893,687 |
Electric
Utilities — 0.5% | ||
MGE
Energy, Inc. |
20,181 |
1,546,066 |
Otter
Tail Corp. |
23,249 |
1,672,766 |
|
|
3,218,832 |
Electrical
Equipment — 1.2% | ||
Amprius
Technologies, Inc. * |
6,966 |
65,341 |
Array
Technologies, Inc. * |
78,229 |
1,599,783 |
Blink
Charging Co. *
(a) |
26,767 |
190,849 |
Encore
Wire Corp. |
10,219 |
1,597,536 |
Enovix
Corp. *
(a) |
61,465 |
665,051 |
ESS
Tech, Inc. *
(a) |
30,591 |
32,732 |
FREYR
Battery SA (Norway) *
(a) |
57,781 |
408,512 |
FuelCell
Energy, Inc. *
(a) |
226,785 |
426,356 |
GrafTech
International Ltd. |
107,577 |
506,688 |
SES
AI Corp. *
(a) |
80,369 |
131,001 |
Shoals
Technologies Group, Inc., Class A * |
89,674 |
1,873,290 |
Stem,
Inc. *
(a) |
81,197 |
343,463 |
Vicor
Corp. * |
12,477 |
536,137 |
|
|
8,376,739 |
Electronic
Equipment, Instruments & Components — 2.9% | ||
908
Devices, Inc. *
(a) |
12,211 |
82,546 |
Advanced
Energy Industries, Inc. |
20,908 |
1,808,542 |
Badger
Meter, Inc. |
16,350 |
2,163,595 |
Benchmark
Electronics, Inc. |
19,633 |
419,165 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Electronic
Equipment, Instruments & Components —
continued | ||
CTS
Corp. |
17,823 |
698,840 |
ePlus,
Inc. * |
15,063 |
655,843 |
FARO
Technologies, Inc. * |
10,498 |
245,128 |
Insight
Enterprises, Inc. * |
16,921 |
2,046,595 |
Itron,
Inc. * |
25,246 |
1,348,136 |
Knowles
Corp. * |
50,987 |
860,661 |
Lightwave
Logic, Inc. *
(a) |
63,062 |
283,779 |
Methode
Electronics, Inc. |
20,146 |
825,785 |
MicroVision,
Inc. *
(a) |
92,821 |
185,642 |
Mirion
Technologies, Inc. *
(a) |
68,234 |
552,695 |
Napco
Security Technologies, Inc. * |
16,232 |
503,192 |
OSI
Systems, Inc. * |
8,781 |
991,902 |
PAR
Technology Corp. *
(a) |
15,250 |
466,497 |
PC
Connection, Inc. |
6,316 |
254,345 |
Plexus
Corp. * |
15,452 |
1,351,586 |
Sanmina
Corp. * |
32,611 |
1,704,251 |
ScanSource,
Inc. * |
14,170 |
387,550 |
SmartRent,
Inc. *
(a) |
68,743 |
177,357 |
TTM
Technologies, Inc. * |
57,141 |
674,835 |
Vishay
Intertechnology, Inc. |
72,426 |
1,541,950 |
|
|
20,230,417 |
Energy
Equipment & Services — 2.4% | ||
Archrock,
Inc. |
74,772 |
769,404 |
Cactus,
Inc., Class A |
35,736 |
1,446,593 |
Core
Laboratories NV |
26,089 |
587,263 |
Diamond
Offshore Drilling, Inc. * |
56,742 |
651,966 |
Dril-Quip,
Inc. * |
18,952 |
517,011 |
Helix
Energy Solutions Group, Inc. * |
79,774 |
578,362 |
Liberty
Energy, Inc. |
83,649 |
1,071,544 |
Nabors
Industries Ltd. * |
5,050 |
503,687 |
NexTier
Oilfield Solutions, Inc. * |
89,212 |
720,833 |
Oceaneering
International, Inc. * |
56,058 |
993,908 |
Patterson-UTI
Energy, Inc. |
121,205 |
1,356,284 |
ProFrac
Holding Corp., Class A *
(a) |
18,066 |
202,339 |
ProPetro
Holding Corp. * |
53,757 |
373,074 |
RPC,
Inc. |
46,537 |
343,908 |
Tidewater,
Inc. * |
28,240 |
1,271,647 |
Transocean
Ltd. *
(a) |
371,219 |
2,190,192 |
US
Silica Holdings, Inc. * |
42,344 |
552,589 |
Weatherford
International plc * |
36,079 |
2,331,786 |
|
|
16,462,390 |
Entertainment
— 0.8% | ||
Cinemark
Holdings, Inc. *
(a) |
59,901 |
1,011,129 |
112
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Entertainment
— continued | ||
IMAX
Corp. * |
25,938 |
543,401 |
Liberty
Media Corp.-Liberty Braves, Class A * |
5,739 |
224,797 |
Liberty
Media Corp.-Liberty Braves, Class C * |
20,655 |
785,303 |
Sphere
Entertainment Co. * |
14,702 |
413,714 |
Vivid
Seats, Inc., Class A *
(a) |
13,099 |
94,051 |
World
Wrestling Entertainment, Inc., Class A (a) |
24,219 |
2,595,550 |
|
|
5,667,945 |
Financial
Services — 2.4% | ||
AvidXchange
Holdings, Inc. * |
74,432 |
553,030 |
Cannae
Holdings, Inc. * |
40,541 |
739,468 |
Compass
Diversified Holdings |
34,701 |
661,401 |
EVERTEC,
Inc. (Puerto Rico) |
36,418 |
1,263,340 |
Federal
Agricultural Mortgage Corp., Class C |
5,190 |
691,775 |
International
Money Express, Inc. * |
18,430 |
475,125 |
Jackson
Financial, Inc., Class A |
32,969 |
1,187,214 |
Marqeta,
Inc., Class A * |
246,633 |
998,864 |
Merchants
Bancorp |
14,213 |
329,742 |
MoneyGram
International, Inc. *
(a) |
53,884 |
547,461 |
Mr.
Cooper Group, Inc. * |
38,750 |
1,794,125 |
NMI
Holdings, Inc., Class A * |
46,719 |
1,093,225 |
Payoneer
Global, Inc. * |
111,540 |
609,008 |
PennyMac
Financial Services, Inc. |
16,769 |
1,047,895 |
Remitly
Global, Inc. * |
54,403 |
913,970 |
Repay
Holdings Corp. * |
42,043 |
263,610 |
Rocket
Cos., Inc., Class A *
(a) |
68,092 |
606,700 |
Shift4
Payments, Inc., Class A *
(a) |
29,600 |
2,005,992 |
Walker
& Dunlop, Inc. |
17,181 |
1,156,453 |
|
|
16,938,398 |
Food
Products — 1.7% | ||
B&G
Foods, Inc. (a) |
40,040 |
642,242 |
Benson
Hill, Inc. *
(a) |
71,023 |
75,284 |
Beyond
Meat, Inc. *
(a) |
33,817 |
457,882 |
Calavo
Growers, Inc. |
9,877 |
315,669 |
Cal-Maine
Foods, Inc. |
21,187 |
1,006,382 |
Fresh
Del Monte Produce, Inc. |
17,142 |
492,147 |
Hain
Celestial Group, Inc. (The) * |
49,967 |
895,908 |
Hostess
Brands, Inc. * |
74,802 |
1,926,900 |
J
& J Snack Foods Corp. |
8,386 |
1,284,735 |
Mission
Produce, Inc. * |
22,523 |
256,537 |
Simply
Good Foods Co. (The) * |
47,267 |
1,719,101 |
Sovos
Brands, Inc. * |
21,455 |
367,953 |
Tootsie
Roll Industries, Inc. |
10,179 |
416,118 |
TreeHouse
Foods, Inc. * |
28,230 |
1,503,247 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Food
Products — continued | ||
Utz
Brands, Inc. |
37,069 |
700,975 |
VZS
Enterprises, Inc. ‡
* |
2,112 |
— |
|
|
12,061,080 |
Gas
Utilities — 0.3% | ||
Chesapeake
Utilities Corp. |
9,924 |
1,225,614 |
Northwest
Natural Holding Co. |
19,595 |
920,181 |
|
|
2,145,795 |
Ground
Transportation — 0.6% | ||
ArcBest
Corp. |
13,556 |
1,279,686 |
Heartland
Express, Inc. |
26,073 |
377,537 |
Marten
Transport Ltd. |
32,171 |
649,533 |
Schneider
National, Inc., Class B |
20,677 |
541,117 |
TuSimple
Holdings, Inc., Class A *
(a) |
75,978 |
91,933 |
Universal
Logistics Holdings, Inc. |
3,765 |
96,384 |
Werner
Enterprises, Inc. |
32,891 |
1,485,687 |
|
|
4,521,877 |
Health
Care Equipment & Supplies — 3.3% | ||
Alphatec
Holdings, Inc. * |
39,348 |
568,185 |
AtriCure,
Inc. * |
25,962 |
1,142,068 |
Atrion
Corp. |
753 |
463,321 |
Avanos
Medical, Inc. * |
25,958 |
766,799 |
Axonics,
Inc. * |
27,703 |
1,591,814 |
Butterfly
Network, Inc. *
(a) |
80,273 |
173,390 |
CONMED
Corp. (a) |
17,009 |
2,135,820 |
Cue
Health, Inc. *
(a) |
53,085 |
41,773 |
Embecta
Corp. |
31,983 |
887,528 |
Establishment
Labs Holdings, Inc. (Costa
Rica) * |
12,409 |
864,783 |
Figs,
Inc., Class A * |
71,107 |
511,970 |
Glaukos
Corp. *
(a) |
26,678 |
1,267,472 |
Heska
Corp. * |
5,699 |
667,695 |
Inogen,
Inc. * |
12,786 |
170,182 |
Integer
Holdings Corp. * |
18,501 |
1,523,557 |
iRhythm
Technologies, Inc. * |
16,827 |
2,211,068 |
Mesa
Laboratories, Inc. |
2,786 |
463,897 |
Neogen
Corp. * |
120,812 |
2,080,383 |
Nevro
Corp. * |
19,822 |
580,190 |
Outset
Medical, Inc. * |
26,974 |
485,262 |
Paragon
28, Inc. * |
14,324 |
263,848 |
PROCEPT
BioRobotics Corp. *
(a) |
18,263 |
555,013 |
Pulmonx
Corp. * |
20,921 |
245,822 |
Senseonics
Holdings, Inc. *
(a) |
267,313 |
159,078 |
Silk
Road Medical, Inc. * |
21,336 |
939,211 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
113
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Health
Care Equipment & Supplies — continued | ||
TransMedics
Group, Inc. * |
17,845 |
1,411,539 |
Treace
Medical Concepts, Inc. * |
19,428 |
475,792 |
Varex
Imaging Corp. * |
22,434 |
397,979 |
|
|
23,045,439 |
Health
Care Providers & Services — 1.9% | ||
23andMe
Holding Co. *
(a) |
161,370 |
317,899 |
AdaptHealth
Corp. * |
42,942 |
510,151 |
Addus
HomeCare Corp. * |
8,995 |
735,251 |
Agiliti,
Inc. * |
18,601 |
311,009 |
Alignment
Healthcare, Inc. * |
46,073 |
289,799 |
Brookdale
Senior Living, Inc. * |
104,424 |
447,979 |
Cano
Health, Inc. *
(a) |
101,853 |
118,149 |
Castle
Biosciences, Inc. * |
13,822 |
312,792 |
Clover
Health Investments Corp. *
(a) |
181,052 |
133,725 |
CorVel
Corp. * |
5,104 |
1,031,161 |
Cross
Country Healthcare, Inc. * |
19,822 |
435,688 |
DocGo,
Inc. *
(a) |
45,677 |
388,254 |
Fulgent
Genetics, Inc. *
(a) |
11,025 |
326,009 |
Hims
& Hers Health, Inc. * |
67,944 |
787,471 |
Invitae
Corp. *
(a) |
127,617 |
173,559 |
ModivCare,
Inc. * |
7,077 |
450,097 |
National
HealthCare Corp. |
7,523 |
435,657 |
National
Research Corp. |
7,868 |
342,494 |
NeoGenomics,
Inc. * |
70,567 |
1,031,690 |
OPKO
Health, Inc. *
(a) |
228,906 |
336,492 |
Owens
& Minor, Inc. * |
42,601 |
662,020 |
Pediatrix
Medical Group, Inc. * |
45,779 |
656,013 |
RadNet,
Inc. * |
27,259 |
753,984 |
Select
Medical Holdings Corp. |
58,212 |
1,775,466 |
US
Physical Therapy, Inc. (a) |
7,278 |
774,816 |
|
|
13,537,625 |
Health
Care REITs — 0.6% | ||
CareTrust
REIT, Inc. |
55,626 |
1,084,151 |
LTC
Properties, Inc. |
22,632 |
757,040 |
Physicians
Realty Trust |
127,587 |
1,839,805 |
Universal
Health Realty Income Trust |
7,064 |
307,284 |
|
|
3,988,280 |
Health
Care Technology — 1.0% | ||
American
Well Corp., Class A * |
135,518 |
296,784 |
Definitive
Healthcare Corp. * |
21,127 |
226,059 |
Evolent
Health, Inc., Class A * |
50,653 |
1,844,276 |
GoodRx
Holdings, Inc., Class A * |
41,950 |
195,907 |
Health
Catalyst, Inc. * |
30,585 |
385,371 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Health
Care Technology — continued | ||
HealthStream,
Inc. |
13,519 |
333,108 |
NextGen
Healthcare, Inc. * |
29,896 |
500,459 |
Phreesia,
Inc. * |
29,473 |
932,526 |
Schrodinger,
Inc. * |
29,849 |
881,142 |
Sharecare,
Inc. *
(a) |
177,859 |
273,903 |
Veradigm,
Inc. * |
61,051 |
762,527 |
|
|
6,632,062 |
Hotel
& Resort REITs — 0.4% | ||
DiamondRock
Hospitality Co. |
117,037 |
949,170 |
Service
Properties Trust |
92,471 |
810,971 |
Summit
Hotel Properties, Inc. |
59,763 |
384,874 |
Xenia
Hotels & Resorts, Inc. |
63,623 |
805,467 |
|
|
2,950,482 |
Hotels,
Restaurants & Leisure — 2.2% | ||
Bally's
Corp. *
(a) |
15,310 |
263,332 |
BJ's
Restaurants, Inc. * |
13,081 |
425,656 |
Bloomin'
Brands, Inc. |
49,042 |
1,214,770 |
Bowlero
Corp. *
(a) |
19,020 |
278,263 |
Brinker
International, Inc. * |
24,635 |
983,429 |
Cheesecake
Factory, Inc. (The) (a) |
26,735 |
900,702 |
Dave
& Buster's Entertainment, Inc. *
(a) |
23,501 |
833,346 |
Denny's
Corp. * |
31,995 |
358,664 |
Dine
Brands Global, Inc. |
8,783 |
570,280 |
Dutch
Bros, Inc., Class A *
(a) |
16,513 |
514,380 |
Everi
Holdings, Inc. * |
49,992 |
759,878 |
Golden
Entertainment, Inc. * |
12,245 |
516,249 |
Jack
in the Box, Inc. |
11,518 |
1,067,603 |
Krispy
Kreme, Inc. (a) |
37,416 |
575,458 |
Monarch
Casino & Resort, Inc. |
7,411 |
514,027 |
Papa
John's International, Inc. |
17,955 |
1,342,854 |
Portillo's,
Inc., Class A * |
24,157 |
522,274 |
Red
Rock Resorts, Inc., Class A |
27,337 |
1,334,046 |
Sabre
Corp. * |
183,566 |
734,264 |
Shake
Shack, Inc., Class A * |
20,876 |
1,144,214 |
Sonder
Holdings, Inc. *
(a) |
78,715 |
32,281 |
Sweetgreen,
Inc., Class A * |
41,902 |
332,702 |
Target
Hospitality Corp. *
(a) |
13,598 |
171,471 |
Vacasa,
Inc., Class A *
(a) |
46,834 |
37,308 |
|
|
15,427,451 |
Household
Durables — 3.3% | ||
Cavco
Industries, Inc. * |
4,545 |
1,364,500 |
Century
Communities, Inc. |
15,799 |
1,063,905 |
GoPro,
Inc., Class A * |
71,983 |
308,087 |
114
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Household
Durables — continued | ||
Green
Brick Partners, Inc. * |
15,188 |
566,057 |
Installed
Building Products, Inc. |
13,112 |
1,629,428 |
iRobot
Corp. *
(a) |
15,221 |
598,642 |
KB
Home |
45,632 |
1,999,594 |
La-Z-Boy,
Inc. |
24,116 |
692,853 |
LGI
Homes, Inc. * |
11,468 |
1,362,398 |
M/I
Homes, Inc. * |
15,318 |
1,036,110 |
MDC
Holdings, Inc. |
32,469 |
1,330,255 |
Meritage
Homes Corp. |
20,446 |
2,618,110 |
Skyline
Champion Corp. * |
29,623 |
2,197,138 |
Snap
One Holdings Corp. *
(a) |
9,638 |
94,067 |
Sonos,
Inc. *
(a) |
71,209 |
1,505,358 |
Taylor
Morrison Home Corp. * |
60,538 |
2,608,582 |
Tri
Pointe Homes, Inc. * |
56,378 |
1,616,921 |
Vizio
Holding Corp., Class A *
(a) |
31,554 |
270,418 |
|
|
22,862,423 |
Household
Products — 0.4% | ||
Central
Garden & Pet Co. * |
5,366 |
197,683 |
Central
Garden & Pet Co., Class A * |
23,036 |
813,862 |
WD-40
Co. (a) |
7,565 |
1,440,376 |
|
|
2,451,921 |
Independent
Power and Renewable Electricity Producers — 0.0%
^ | ||
Altus
Power, Inc. *
(a) |
20,435 |
92,775 |
Montauk
Renewables, Inc. *
(a) |
35,300 |
234,745 |
|
|
327,520 |
Industrial
REITs — 0.2% | ||
LXP
Industrial Trust |
154,147 |
1,448,982 |
Insurance
— 1.8% | ||
American
Equity Investment Life Holding Co. |
38,808 |
1,495,660 |
AMERISAFE,
Inc. |
10,682 |
594,453 |
Argo
Group International Holdings Ltd. (a) |
19,848 |
583,730 |
Bright
Health Group, Inc. *
(a) |
143,388 |
23,042 |
BRP
Group, Inc., Class A * |
34,310 |
864,269 |
Employers
Holdings, Inc. |
15,205 |
601,966 |
Genworth
Financial, Inc., Class A * |
276,879 |
1,608,667 |
Goosehead
Insurance, Inc., Class A * |
11,787 |
677,752 |
Hagerty,
Inc., Class A *
(a) |
17,696 |
177,137 |
Horace
Mann Educators Corp. |
22,828 |
714,060 |
James
River Group Holdings Ltd. |
20,946 |
407,819 |
Lemonade,
Inc. *
(a) |
25,138 |
272,496 |
Mercury
General Corp. |
14,837 |
451,193 |
Oscar
Health, Inc., Class A * |
62,653 |
421,655 |
Palomar
Holdings, Inc. * |
14,113 |
709,319 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Insurance
— continued | ||
ProAssurance
Corp. |
30,134 |
541,207 |
Safety
Insurance Group, Inc. |
8,258 |
603,577 |
SiriusPoint
Ltd. (Bermuda) * |
47,453 |
412,367 |
Stewart
Information Services Corp. |
15,172 |
631,914 |
Trupanion,
Inc. *
(a) |
19,625 |
689,034 |
|
|
12,481,317 |
Interactive
Media & Services — 0.5% | ||
Cargurus,
Inc. * |
52,376 |
861,061 |
Cars.com,
Inc. * |
34,629 |
677,689 |
Eventbrite,
Inc., Class A * |
45,285 |
329,222 |
fuboTV,
Inc. *
(a) |
108,510 |
123,701 |
MediaAlpha,
Inc., Class A * |
12,974 |
96,008 |
Shutterstock,
Inc. |
13,447 |
900,949 |
Vimeo,
Inc. * |
87,768 |
288,757 |
ZipRecruiter,
Inc., Class A * |
28,986 |
491,023 |
|
|
3,768,410 |
IT
Services — 0.8% | ||
BigCommerce
Holdings, Inc. * |
34,185 |
252,627 |
Fastly,
Inc., Class A * |
62,553 |
924,533 |
Grid
Dynamics Holdings, Inc. * |
28,944 |
314,621 |
Kyndryl
Holdings, Inc. * |
114,449 |
1,654,933 |
Perficient,
Inc. * |
19,364 |
1,257,111 |
Rackspace
Technology, Inc. *
(a) |
31,614 |
46,156 |
Squarespace,
Inc., Class A * |
22,907 |
712,408 |
Unisys
Corp. * |
37,679 |
120,950 |
|
|
5,283,339 |
Leisure
Products — 0.5% | ||
Acushnet
Holdings Corp. |
18,027 |
903,694 |
Latham
Group, Inc. * |
23,464 |
56,548 |
Malibu
Boats, Inc., Class A * |
11,459 |
650,298 |
Smith
& Wesson Brands, Inc. |
25,663 |
308,469 |
Sturm
Ruger & Co., Inc. |
9,887 |
569,096 |
Vista
Outdoor, Inc. * |
31,612 |
761,849 |
|
|
3,249,954 |
Life
Sciences Tools & Services — 0.6% | ||
AbCellera
Biologics, Inc. (Canada) *
(a) |
116,717 |
791,341 |
Adaptive
Biotechnologies Corp. * |
61,536 |
439,367 |
BioLife
Solutions, Inc. * |
19,096 |
335,326 |
CryoPort,
Inc. * |
27,378 |
576,033 |
NanoString
Technologies, Inc. * |
24,008 |
235,279 |
OmniAb,
Inc. ‡
* |
2,112 |
— |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
115
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Life
Sciences Tools & Services — continued | ||
Pacific
Biosciences of California, Inc. * |
127,925 |
1,356,005 |
SomaLogic,
Inc. * |
85,970 |
240,716 |
|
|
3,974,067 |
Machinery
— 4.7% | ||
3D
Systems Corp. * |
73,337 |
671,767 |
Alamo
Group, Inc. |
5,755 |
1,017,081 |
Albany
International Corp., Class A |
17,376 |
1,584,865 |
Astec
Industries, Inc. |
12,683 |
523,554 |
Barnes
Group, Inc. |
28,276 |
1,188,440 |
Desktop
Metal, Inc., Class A *
(a) |
131,346 |
288,961 |
Energy
Recovery, Inc. * |
31,324 |
705,730 |
Enerpac
Tool Group Corp. |
31,868 |
757,184 |
EnPro
Industries, Inc. |
11,618 |
1,095,229 |
Esab
Corp. |
28,879 |
1,685,378 |
ESCO
Technologies, Inc. |
14,393 |
1,346,753 |
Federal
Signal Corp. |
33,922 |
1,742,912 |
Franklin
Electric Co., Inc. |
21,720 |
1,943,288 |
Gorman-Rupp
Co. (The) |
12,679 |
311,269 |
Greenbrier
Cos., Inc. (The) (a) |
18,331 |
484,855 |
Helios
Technologies, Inc. |
18,219 |
1,095,691 |
Hillenbrand,
Inc. |
38,797 |
1,769,919 |
Hillman
Solutions Corp. *
(a) |
81,509 |
684,676 |
Hyzon
Motors, Inc. *
(a) |
48,208 |
40,090 |
John
Bean Technologies Corp. |
17,813 |
1,936,451 |
Kadant,
Inc. |
6,492 |
1,206,408 |
Lindsay
Corp. |
6,171 |
745,087 |
Microvast
Holdings, Inc. *
(a) |
106,503 |
111,828 |
Mueller
Industries, Inc. |
31,750 |
2,281,238 |
Mueller
Water Products, Inc., Class A |
87,321 |
1,170,101 |
Omega
Flex, Inc. (a) |
1,678 |
184,597 |
Proterra,
Inc. *
(a) |
108,389 |
126,815 |
Proto
Labs, Inc. * |
15,166 |
436,326 |
SPX
Technologies, Inc. * |
25,251 |
1,607,984 |
Standex
International Corp. |
6,697 |
822,459 |
Tennant
Co. |
10,407 |
795,303 |
Terex
Corp. |
37,738 |
1,682,737 |
Velo3D,
Inc. *
(a) |
34,150 |
79,911 |
Wabash
National Corp. |
26,659 |
684,337 |
|
|
32,809,224 |
Marine
Transportation — 0.2% | ||
Matson,
Inc. |
21,103 |
1,435,637 |
Media
— 0.7% | ||
Advantage
Solutions, Inc. * |
51,472 |
65,884 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Media
— continued | ||
AMC
Networks, Inc., Class A * |
15,679 |
277,361 |
Clear
Channel Outdoor Holdings, Inc. * |
266,105 |
337,953 |
EW
Scripps Co. (The), Class A * |
32,418 |
273,284 |
Gray
Television, Inc. |
47,198 |
363,897 |
iHeartMedia,
Inc., Class A * |
58,500 |
202,995 |
Integral
Ad Science Holding Corp. * |
20,616 |
324,290 |
Magnite,
Inc. * |
65,612 |
616,753 |
Scholastic
Corp. |
16,509 |
635,101 |
Sinclair
Broadcast Group, Inc., Class A (a) |
24,492 |
487,146 |
Stagwell,
Inc. * |
57,046 |
354,826 |
TechTarget,
Inc. * |
14,912 |
508,350 |
Thryv
Holdings, Inc. * |
17,172 |
385,683 |
WideOpenWest,
Inc. * |
28,905 |
330,384 |
|
|
5,163,907 |
Metals
& Mining — 2.1% | ||
Alpha
Metallurgical Resources, Inc. |
8,081 |
1,184,351 |
Arconic
Corp. * |
56,723 |
1,403,894 |
ATI,
Inc. * |
72,353 |
2,794,273 |
Carpenter
Technology Corp. |
27,137 |
1,431,206 |
Century
Aluminum Co. * |
28,563 |
245,356 |
Coeur
Mining, Inc. * |
157,026 |
533,889 |
Compass
Minerals International, Inc. |
19,047 |
623,408 |
Hecla
Mining Co. |
314,299 |
1,901,509 |
Ivanhoe
Electric, Inc. *
(a) |
8,288 |
98,710 |
Kaiser
Aluminum Corp. |
8,912 |
585,697 |
Materion
Corp. |
11,484 |
1,243,832 |
Piedmont
Lithium, Inc. * |
9,132 |
525,090 |
Ryerson
Holding Corp. |
11,581 |
437,414 |
Schnitzer
Steel Industries, Inc., Class A |
14,261 |
412,000 |
Warrior
Met Coal, Inc. |
28,873 |
998,140 |
|
|
14,418,769 |
Mortgage
Real Estate Investment Trusts (REITs) — 1.6% | ||
Apollo
Commercial Real Estate Finance, Inc. (a) |
72,621 |
734,925 |
Arbor
Realty Trust, Inc. (a) |
95,900 |
1,099,973 |
ARMOUR
Residential REIT, Inc. (a) |
91,032 |
464,263 |
Brightspire
Capital, Inc. |
72,066 |
410,776 |
Broadmark
Realty Capital, Inc. |
74,264 |
364,636 |
Chimera
Investment Corp. (a) |
129,558 |
735,889 |
Claros
Mortgage Trust, Inc. (a) |
68,088 |
814,332 |
Franklin
BSP Realty Trust, Inc. (a) |
46,115 |
582,432 |
Hannon
Armstrong Sustainable Infrastructure
Capital,
Inc. (a) |
49,684 |
1,410,032 |
KKR
Real Estate Finance Trust, Inc. |
32,455 |
348,567 |
Ladder
Capital Corp. |
62,940 |
588,489 |
116
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Mortgage
Real Estate Investment Trusts (REITs) — continued | ||
MFA
Financial, Inc. |
50,612 |
541,040 |
New
York Mortgage Trust, Inc. (a) |
51,867 |
533,193 |
PennyMac
Mortgage Investment Trust (a) |
49,728 |
618,119 |
Ready
Capital Corp. (a) |
54,996 |
590,107 |
Redwood
Trust, Inc. (a) |
63,445 |
398,435 |
TPG
RE Finance Trust, Inc. |
34,174 |
243,661 |
Two
Harbors Investment Corp. (a) |
53,980 |
751,941 |
|
|
11,230,810 |
Multi-Utilities
— 0.3% | ||
NorthWestern
Corp. |
32,263 |
1,891,257 |
Office
REITs — 0.6% | ||
Brandywine
Realty Trust |
95,922 |
376,973 |
Corporate
Office Properties Trust |
62,860 |
1,438,865 |
Easterly
Government Properties, Inc. (a) |
50,782 |
714,503 |
Hudson
Pacific Properties, Inc. |
71,773 |
399,058 |
Office
Properties Income Trust |
27,165 |
177,116 |
Paramount
Group, Inc. |
92,120 |
398,880 |
Piedmont
Office Realty Trust, Inc., Class A |
68,970 |
448,995 |
|
|
3,954,390 |
Oil,
Gas & Consumable Fuels — 2.8% | ||
Arch
Resources, Inc. |
10,091 |
1,233,625 |
California
Resources Corp. |
41,053 |
1,662,646 |
Callon
Petroleum Co. * |
28,554 |
946,280 |
Clean
Energy Fuels Corp. * |
98,214 |
419,374 |
CONSOL
Energy, Inc. |
18,271 |
1,084,201 |
Delek
US Holdings, Inc. |
38,942 |
846,988 |
Earthstone
Energy, Inc., Class A * |
21,186 |
287,282 |
Gevo,
Inc. *
(a) |
132,626 |
153,846 |
Green
Plains, Inc. * |
33,134 |
1,132,189 |
Gulfport
Energy Corp. * |
6,349 |
574,331 |
HighPeak
Energy, Inc. (a) |
7,561 |
149,405 |
International
Seaways, Inc. |
22,505 |
896,149 |
Kinetik
Holdings, Inc. (a) |
12,233 |
376,776 |
Kosmos
Energy Ltd. (Ghana) * |
254,801 |
1,630,726 |
NextDecade
Corp. *
(a) |
32,060 |
199,734 |
Northern
Oil and Gas, Inc. (a) |
41,460 |
1,375,228 |
Par
Pacific Holdings, Inc. * |
31,013 |
726,635 |
Peabody
Energy Corp. *
(a) |
65,145 |
1,564,783 |
Permian
Resources Corp. |
130,599 |
1,364,760 |
Sitio
Royalties Corp. |
1 |
25 |
Talos
Energy, Inc. * |
36,432 |
496,568 |
Tellurian,
Inc. *
(a) |
294,065 |
417,572 |
Uranium
Energy Corp. *
(a) |
206,723 |
539,547 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Oil,
Gas & Consumable Fuels — continued | ||
Vital
Energy, Inc. * |
9,405 |
437,615 |
W&T
Offshore, Inc. * |
52,840 |
230,911 |
World
Fuel Services Corp. |
34,615 |
818,299 |
|
|
19,565,495 |
Paper
& Forest Products — 0.1% | ||
Mercer
International, Inc. (Germany) |
22,562 |
219,528 |
Sylvamo
Corp. |
17,858 |
818,254 |
|
|
1,037,782 |
Passenger
Airlines — 0.5% | ||
Allegiant
Travel Co. * |
8,764 |
910,667 |
Hawaiian
Holdings, Inc. * |
28,754 |
239,521 |
SkyWest,
Inc. * |
28,291 |
800,635 |
Spirit
Airlines, Inc. |
60,984 |
1,042,826 |
Sun
Country Airlines Holdings, Inc. * |
18,228 |
359,639 |
|
|
3,353,288 |
Personal
Care Products — 1.1% | ||
Edgewell
Personal Care Co. |
28,757 |
1,255,818 |
elf
Beauty, Inc. * |
28,306 |
2,625,665 |
Inter
Parfums, Inc. |
9,977 |
1,514,409 |
Medifast,
Inc. |
6,124 |
561,265 |
Nu
Skin Enterprises, Inc., Class A |
27,649 |
1,091,029 |
USANA
Health Sciences, Inc. * |
6,236 |
413,883 |
|
|
7,462,069 |
Pharmaceuticals
— 1.8% | ||
Aclaris
Therapeutics, Inc. * |
28,722 |
255,339 |
Amphastar
Pharmaceuticals, Inc. * |
21,063 |
753,424 |
Amylyx
Pharmaceuticals, Inc. * |
22,199 |
630,452 |
Arvinas,
Inc. * |
27,102 |
710,343 |
Axsome
Therapeutics, Inc. *
(a) |
19,142 |
1,369,227 |
Cassava
Sciences, Inc. *
(a) |
21,939 |
509,424 |
Corcept
Therapeutics, Inc. *
(a) |
50,246 |
1,132,042 |
DICE
Therapeutics, Inc. * |
18,916 |
614,770 |
Harmony
Biosciences Holdings, Inc. * |
16,606 |
535,377 |
Innoviva,
Inc. * |
35,114 |
411,887 |
Ligand
Pharmaceuticals, Inc. * |
8,965 |
684,478 |
Nektar
Therapeutics * |
104,392 |
78,534 |
Pliant
Therapeutics, Inc. * |
23,613 |
667,067 |
Reata
Pharmaceuticals, Inc., Class A *
(a) |
15,625 |
1,544,687 |
Revance
Therapeutics, Inc. * |
46,014 |
1,464,626 |
Supernus
Pharmaceuticals, Inc. * |
30,245 |
1,114,831 |
Third
Harmonic Bio, Inc. *
(a) |
6,303 |
28,553 |
|
|
12,505,061 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
117
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Professional
Services — 1.7% | ||
CBIZ,
Inc. * |
28,021 |
1,476,426 |
Conduent,
Inc. * |
92,931 |
326,188 |
CSG
Systems International, Inc. |
16,825 |
886,341 |
First
Advantage Corp. * |
32,240 |
414,606 |
Forrester
Research, Inc. * |
6,256 |
193,561 |
HireRight
Holdings Corp. * |
10,570 |
112,042 |
Huron
Consulting Group, Inc. * |
11,127 |
943,458 |
ICF
International, Inc. |
9,476 |
1,080,264 |
Kelly
Services, Inc., Class A |
19,346 |
317,468 |
Kforce,
Inc. |
10,919 |
645,750 |
Korn
Ferry |
29,455 |
1,414,429 |
Legalzoom.com,
Inc. * |
52,732 |
494,626 |
NV5
Global, Inc. * |
6,941 |
657,521 |
Planet
Labs PBC *
(a) |
108,024 |
440,738 |
Sterling
Check Corp. * |
12,981 |
145,906 |
TaskUS,
Inc., Class A (Philippines) * |
14,499 |
195,157 |
TrueBlue,
Inc. * |
18,299 |
277,230 |
TTEC
Holdings, Inc. |
10,550 |
359,438 |
Verra
Mobility Corp. * |
77,884 |
1,320,134 |
|
|
11,701,283 |
Real
Estate Management & Development — 0.6% | ||
Anywhere
Real Estate, Inc. *
(a) |
61,223 |
389,990 |
Compass,
Inc., Class A * |
142,331 |
333,055 |
Forestar
Group, Inc. * |
9,954 |
192,510 |
Kennedy-Wilson
Holdings, Inc. |
65,486 |
1,098,855 |
Marcus
& Millichap, Inc. |
13,836 |
435,419 |
Newmark
Group, Inc., Class A |
68,977 |
437,314 |
Opendoor
Technologies, Inc. *
(a) |
283,583 |
391,345 |
Redfin
Corp. * |
60,800 |
452,960 |
St.
Joe Co. (The) |
18,911 |
777,242 |
|
|
4,508,690 |
Residential
REITs — 0.5% | ||
Apartment
Investment and Management Co.,
Class
A |
84,727 |
663,412 |
Centerspace |
8,420 |
474,720 |
Elme
Communities |
48,907 |
842,668 |
NexPoint
Residential Trust, Inc. |
12,696 |
545,039 |
Veris
Residential, Inc. * |
44,270 |
723,814 |
|
|
3,249,653 |
Retail
REITs — 1.2% | ||
Acadia
Realty Trust |
53,071 |
716,989 |
Alexander's,
Inc. (a) |
1,180 |
219,563 |
CBL
& Associates Properties, Inc. (a) |
13,695 |
316,765 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Retail
REITs — continued | ||
Getty
Realty Corp. |
23,753 |
791,688 |
InvenTrust
Properties Corp. |
37,703 |
850,203 |
Macerich
Co. (The) |
120,300 |
1,201,797 |
Necessity
Retail REIT, Inc. (The) |
75,032 |
413,426 |
Retail
Opportunity Investments Corp. |
69,640 |
907,409 |
RPT
Realty |
47,666 |
443,294 |
Saul
Centers, Inc. |
7,210 |
259,776 |
Tanger
Factory Outlet Centers, Inc. |
58,319 |
1,143,636 |
Urban
Edge Properties |
65,641 |
962,953 |
Urstadt
Biddle Properties, Inc., Class A |
16,203 |
279,016 |
|
|
8,506,515 |
Semiconductors
& Semiconductor Equipment — 2.6% | ||
Axcelis
Technologies, Inc. * |
18,327 |
2,168,084 |
Cohu,
Inc. * |
26,642 |
901,565 |
Credo
Technology Group Holding Ltd. * |
50,869 |
412,548 |
Diodes,
Inc. * |
25,397 |
2,024,141 |
FormFactor,
Inc. * |
43,053 |
1,175,777 |
Ichor
Holdings Ltd. * |
16,150 |
449,777 |
Impinj,
Inc. *
(a) |
11,902 |
1,052,256 |
indie
Semiconductor, Inc., Class A (China) *
(a) |
38,451 |
291,074 |
Kulicke
& Soffa Industries, Inc. (Singapore) |
31,663 |
1,509,059 |
MaxLinear,
Inc. * |
40,486 |
976,927 |
Navitas
Semiconductor Corp. *
(a) |
43,721 |
233,033 |
Onto
Innovation, Inc. * |
27,696 |
2,242,822 |
Photronics,
Inc. * |
34,526 |
499,246 |
Rambus,
Inc. * |
60,050 |
2,662,617 |
Ultra
Clean Holdings, Inc. * |
25,402 |
724,973 |
Veeco
Instruments, Inc. * |
28,761 |
529,778 |
|
|
17,853,677 |
Software
— 4.9% | ||
8x8,
Inc. * |
63,166 |
181,286 |
A10
Networks, Inc. |
35,839 |
506,763 |
Adeia,
Inc. |
58,733 |
448,720 |
Agilysys,
Inc. * |
11,119 |
867,727 |
Alarm.com
Holdings, Inc. * |
27,889 |
1,330,026 |
Alkami
Technology, Inc. * |
20,456 |
245,267 |
Altair
Engineering, Inc., Class A *
(a) |
29,302 |
2,023,303 |
Amplitude,
Inc., Class A * |
29,947 |
339,898 |
Appfolio,
Inc., Class A * |
10,604 |
1,480,531 |
Appian
Corp., Class A *
(a) |
22,964 |
862,298 |
AvePoint,
Inc. *
(a) |
49,014 |
212,721 |
Braze,
Inc., Class A *
(a) |
19,781 |
581,561 |
C3.ai,
Inc., Class A *
(a) |
47,740 |
850,727 |
118
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Software
— continued | ||
Cerence,
Inc. * |
22,496 |
574,773 |
Confluent,
Inc., Class A *
(a) |
85,950 |
1,890,900 |
Consensus
Cloud Solutions, Inc. * |
9,878 |
368,746 |
CS
Disco, Inc. * |
9,493 |
55,819 |
Digital
Turbine, Inc. * |
50,450 |
591,779 |
Domo,
Inc., Class B * |
17,465 |
277,344 |
E2open
Parent Holdings, Inc. * |
96,278 |
605,589 |
Ebix,
Inc. |
13,062 |
212,388 |
Enfusion,
Inc., Class A *
(a) |
7,296 |
61,140 |
Everbridge,
Inc. * |
22,284 |
585,624 |
EverCommerce,
Inc. *
(a) |
16,136 |
194,762 |
Expensify,
Inc., Class A * |
24,732 |
187,716 |
ForgeRock,
Inc., Class A *
(a) |
20,510 |
410,815 |
Freshworks,
Inc., Class A * |
90,016 |
1,202,614 |
Gitlab,
Inc., Class A *
(a) |
35,174 |
1,067,883 |
HashiCorp,
Inc., Class A * |
45,790 |
1,227,630 |
Instructure
Holdings, Inc. *
(a) |
9,545 |
253,229 |
Intapp,
Inc. * |
8,533 |
344,051 |
InterDigital,
Inc. (a) |
15,071 |
1,020,910 |
LivePerson,
Inc. * |
39,185 |
181,427 |
LiveRamp
Holdings, Inc. * |
36,179 |
871,552 |
Marathon
Digital Holdings, Inc. *
(a) |
62,033 |
624,672 |
Matterport,
Inc. *
(a) |
123,738 |
288,310 |
MeridianLink,
Inc. * |
11,272 |
168,404 |
Model
N, Inc. * |
18,973 |
584,368 |
Momentive
Global, Inc. *
(a) |
71,455 |
670,962 |
N-Able,
Inc. * |
37,357 |
476,302 |
PagerDuty,
Inc. *
(a) |
45,755 |
1,375,395 |
Progress
Software Corp. |
24,218 |
1,329,084 |
PROS
Holdings, Inc. * |
22,976 |
651,829 |
Q2
Holdings, Inc. * |
32,134 |
791,139 |
Riot
Platforms, Inc. *
(a) |
93,504 |
1,118,308 |
Samsara,
Inc., Class A *
(a) |
63,415 |
1,144,641 |
SolarWinds
Corp. * |
26,249 |
226,266 |
Sprinklr,
Inc., Class A * |
34,580 |
413,577 |
Sumo
Logic, Inc. * |
62,280 |
747,360 |
Telos
Corp. * |
29,463 |
50,087 |
Zeta
Global Holdings Corp., Class A * |
70,057 |
680,253 |
Zuora,
Inc., Class A * |
70,174 |
546,655 |
|
|
34,005,131 |
Specialized
REITs — 0.6% | ||
Four
Corners Property Trust, Inc. |
46,869 |
1,195,628 |
Gladstone
Land Corp. |
18,017 |
290,254 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Specialized
REITs — continued | ||
PotlatchDeltic
Corp. (a) |
45,151 |
2,087,331 |
Safehold,
Inc. |
22,447 |
622,231 |
|
|
4,195,444 |
Specialty
Retail — 2.8% | ||
Abercrombie
& Fitch Co., Class A * |
27,379 |
644,502 |
Academy
Sports & Outdoors, Inc. |
43,667 |
2,773,728 |
Arko
Corp. |
40,942 |
342,275 |
Asbury
Automotive Group, Inc. * |
12,400 |
2,398,904 |
Boot
Barn Holdings, Inc. * |
16,682 |
1,208,945 |
Buckle,
Inc. (The) |
16,489 |
552,876 |
Caleres,
Inc. |
19,913 |
454,016 |
Camping
World Holdings, Inc., Class A |
22,398 |
501,491 |
Carvana
Co. *
(a) |
55,665 |
386,315 |
Children's
Place, Inc. (The) * |
6,834 |
202,560 |
Designer
Brands, Inc., Class A |
28,264 |
231,482 |
Franchise
Group, Inc. (a) |
14,918 |
436,352 |
Group
1 Automotive, Inc. |
8,116 |
1,821,880 |
Guess?,
Inc. (a) |
17,013 |
320,695 |
Monro,
Inc. |
17,521 |
856,426 |
ODP
Corp. (The) * |
22,539 |
973,910 |
Overstock.com,
Inc. * |
25,586 |
520,931 |
Revolve
Group, Inc. * |
22,747 |
469,726 |
Sally
Beauty Holdings, Inc. * |
59,975 |
853,444 |
Signet
Jewelers Ltd. (a) |
25,373 |
1,866,945 |
Sleep
Number Corp. *
(a) |
12,270 |
276,689 |
Sonic
Automotive, Inc., Class A |
9,345 |
416,039 |
Upbound
Group, Inc. |
27,983 |
746,027 |
Warby
Parker, Inc., Class A *
(a) |
34,833 |
366,791 |
|
|
19,622,949 |
Technology
Hardware, Storage & Peripherals — 0.6% | ||
Avid
Technology, Inc. * |
18,537 |
547,027 |
Corsair
Gaming, Inc. *
(a) |
22,490 |
391,776 |
IonQ,
Inc. *
(a) |
84,957 |
468,113 |
Super
Micro Computer, Inc. * |
26,104 |
2,752,144 |
|
|
4,159,060 |
Textiles,
Apparel & Luxury Goods — 0.8% | ||
G-III
Apparel Group Ltd. * |
23,857 |
374,555 |
Kontoor
Brands, Inc. |
27,622 |
1,247,685 |
Levi
Strauss & Co., Class A (a) |
53,967 |
780,363 |
Oxford
Industries, Inc. |
8,300 |
856,477 |
Steven
Madden Ltd. |
40,925 |
1,434,012 |
Wolverine
World Wide, Inc. |
44,031 |
737,079 |
|
|
5,430,171 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
119
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Tobacco
— 0.2% | ||
Universal
Corp. |
13,716 |
752,871 |
Vector
Group Ltd. |
73,540 |
936,900 |
|
|
1,689,771 |
Trading
Companies & Distributors — 1.6% | ||
Boise
Cascade Co. |
22,050 |
1,506,236 |
Custom
Truck One Source, Inc. *
(a) |
34,482 |
216,547 |
Global
Industrial Co. |
9,099 |
242,488 |
GMS,
Inc. * |
23,245 |
1,349,605 |
H&E
Equipment Services, Inc. |
18,878 |
689,047 |
McGrath
RentCorp |
13,631 |
1,211,523 |
NOW,
Inc. * |
61,758 |
658,958 |
Rush
Enterprises, Inc., Class A |
23,664 |
1,256,795 |
Triton
International Ltd. (Bermuda) |
32,902 |
2,720,008 |
Veritiv
Corp. |
7,513 |
863,018 |
Xometry,
Inc., Class A *
(a) |
16,484 |
228,963 |
|
|
10,943,188 |
Water
Utilities — 0.8% | ||
American
States Water Co. |
20,637 |
1,831,534 |
California
Water Service Group |
30,620 |
1,717,170 |
Middlesex
Water Co. |
9,874 |
720,604 |
SJW
Group |
14,887 |
1,130,221 |
|
|
5,399,529 |
Wireless
Telecommunication Services — 0.3% | ||
Gogo,
Inc. * |
36,274 |
486,434 |
Shenandoah
Telecommunications Co. |
27,981 |
582,285 |
Telephone
and Data Systems, Inc. |
55,773 |
557,730 |
United
States Cellular Corp. * |
7,840 |
166,522 |
|
|
1,792,971 |
Total
Common Stocks
(Cost
$756,300,377) |
|
686,512,787 |
Short-Term
Investments — 11.1% | ||
Investment
Companies — 1.2% | ||
JPMorgan
U.S. Government Money Market Fund
Class
IM Shares, 4.78% (c)
(d)
(Cost
$8,341,702) |
8,341,702 |
8,341,702 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Investment
of Cash Collateral from Securities Loaned — 9.9% | ||
JPMorgan
Securities Lending Money Market
Fund
Agency SL Class Shares, 5.01% (c)
(d) |
60,987,307 |
60,993,406 |
JPMorgan
U.S. Government Money Market Fund
Class
IM Shares, 4.78% (c)
(d) |
8,119,095 |
8,119,095 |
Total
Investment of Cash Collateral from
Securities
Loaned
(Cost
$69,125,995) |
|
69,112,501 |
Total
Short-Term Investments
(Cost
$77,467,697) |
|
77,454,203 |
Total
Investments — 109.8%
(Cost
$833,768,074) |
|
763,966,990 |
Liabilities
in Excess of Other Assets — (9.8)% |
|
(67,978,021
) |
NET
ASSETS — 100.0% |
|
695,988,969 |
Percentages
indicated are based on net
assets. |
Abbreviations |
|
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
April
30, 2023. The total value of securities on loan at
April
30, 2023 is $66,919,624. |
|
(b) |
Security
exempt from registration pursuant to
Regulation
S under the Securities Act of 1933, as
amended.
Regulation S applies to securities offerings
that
are made outside of the United States and do not
involve
direct selling efforts in the United States and
as
such may have restrictions on resale. |
|
(c) |
Investment
in an affiliated fund, which is registered
under
the Investment Company Act of 1940, as
amended,
and is advised by J.P. Morgan Investment
Management
Inc. |
|
(d) |
The
rate shown is the current yield as of April 30,
2023. |
|
120
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
DESCRIPTION |
NUMBER
OF
CONTRACTS |
EXPIRATION
DATE |
TRADING
CURRENCY |
NOTIONAL
AMOUNT
($) |
VALUE
AND
UNREALIZED
APPRECIATION
(DEPRECIATION)
($) |
Long
Contracts |
|
|
|
|
|
Russell
2000 E-Mini Index |
103 |
06/16/2023 |
USD |
9,139,190 |
(45,284
) |
Abbreviations |
|
USD |
United
States Dollar |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
121
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — 99.8% | ||
Aerospace
& Defense — 0.2% | ||
L3Harris
Technologies, Inc. |
222 |
43,323 |
Air
Freight & Logistics — 0.3% | ||
CH
Robinson Worldwide, Inc. |
136 |
13,718 |
Expeditors
International of Washington, Inc. |
185 |
21,060 |
United
Parcel Service, Inc., Class B |
196 |
35,243 |
|
|
70,021 |
Automobile
Components — 0.2% | ||
Aptiv
plc * |
316 |
32,504 |
Gentex
Corp. |
276 |
7,615 |
|
|
40,119 |
Automobiles
— 1.4% | ||
Ford
Motor Co. |
139 |
1,651 |
Tesla,
Inc. * |
1,864 |
306,274 |
|
|
307,925 |
Banks
— 2.2% | ||
Bank
of America Corp. |
6,103 |
178,696 |
Citigroup,
Inc. |
2,262 |
106,472 |
Fifth
Third Bancorp |
779 |
20,410 |
PNC
Financial Services Group, Inc. (The) |
471 |
61,348 |
Wells
Fargo & Co. |
3,427 |
136,223 |
|
|
503,149 |
Beverages
— 2.0% | ||
Brown-Forman
Corp., Class B |
267 |
17,379 |
Coca-Cola
Co. (The) |
3,378 |
216,699 |
Constellation
Brands, Inc., Class A |
178 |
40,846 |
Keurig
Dr Pepper, Inc. |
1,000 |
32,700 |
Monster
Beverage Corp. * |
854 |
47,824 |
PepsiCo,
Inc. |
561 |
107,089 |
|
|
462,537 |
Biotechnology
— 3.1% | ||
AbbVie,
Inc. |
1,429 |
215,950 |
Alnylam
Pharmaceuticals, Inc. * |
144 |
28,685 |
Amgen,
Inc. |
163 |
39,078 |
Biogen,
Inc. * |
130 |
39,550 |
Gilead
Sciences, Inc. |
1,472 |
121,013 |
Incyte
Corp. * |
213 |
15,849 |
Ionis
Pharmaceuticals, Inc. * |
166 |
5,871 |
Regeneron
Pharmaceuticals, Inc. * |
114 |
91,404 |
Seagen,
Inc. * |
159 |
31,800 |
Vertex
Pharmaceuticals, Inc. * |
301 |
102,560 |
|
|
691,760 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Broadline
Retail — 2.4% | ||
Amazon.com,
Inc. * |
4,760 |
501,942 |
eBay,
Inc. |
635 |
29,483 |
Etsy,
Inc. * |
146 |
14,750 |
|
|
546,175 |
Building
Products — 0.5% | ||
Carrier
Global Corp. |
844 |
35,296 |
Hayward
Holdings, Inc. * |
90 |
1,084 |
Lennox
International, Inc. |
37 |
10,431 |
Masco
Corp. |
261 |
13,966 |
Trane
Technologies plc |
268 |
49,797 |
|
|
110,574 |
Capital
Markets — 4.2% | ||
Ares
Management Corp. |
164 |
14,365 |
Bank
of New York Mellon Corp. (The) |
845 |
35,989 |
BlackRock,
Inc. |
167 |
112,090 |
Blackstone,
Inc. |
35 |
3,127 |
Carlyle
Group, Inc. (The) |
179 |
5,429 |
Charles
Schwab Corp. (The) |
1,349 |
70,472 |
CME
Group, Inc. |
339 |
62,976 |
FactSet
Research Systems, Inc. |
44 |
18,114 |
Goldman
Sachs Group, Inc. (The) |
369 |
126,729 |
Invesco
Ltd. |
379 |
6,492 |
Lazard
Ltd., Class A |
47 |
1,471 |
LPL
Financial Holdings, Inc. |
91 |
19,004 |
Moody's
Corp. |
187 |
58,553 |
Morgan
Stanley |
1,254 |
112,822 |
Morningstar,
Inc. |
27 |
4,814 |
MSCI,
Inc. |
91 |
43,903 |
Nasdaq,
Inc. |
385 |
21,318 |
Northern
Trust Corp. |
219 |
17,117 |
Robinhood
Markets, Inc., Class A * |
657 |
5,815 |
S&P
Global, Inc. |
377 |
136,693 |
State
Street Corp. |
408 |
29,482 |
T.
Rowe Price Group, Inc. |
257 |
28,869 |
Tradeweb
Markets, Inc., Class A |
83 |
5,844 |
|
|
941,488 |
Chemicals
— 1.4% | ||
Albemarle
Corp. |
136 |
25,223 |
Ashland,
Inc. |
63 |
6,401 |
Ecolab,
Inc. |
363 |
60,926 |
Element
Solutions, Inc. |
331 |
6,008 |
FMC
Corp. |
185 |
22,862 |
Huntsman
Corp. |
213 |
5,706 |
122
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Chemicals
— continued | ||
International
Flavors & Fragrances, Inc. |
373 |
36,166 |
Linde
plc |
168 |
62,068 |
Mosaic
Co. (The) |
397 |
17,011 |
Scotts
Miracle-Gro Co. (The) |
55 |
3,675 |
Sherwin-Williams
Co. (The) |
283 |
67,224 |
|
|
313,270 |
Commercial
Services & Supplies — 0.6% | ||
Clean
Harbors, Inc. * |
59 |
8,564 |
MSA
Safety, Inc. |
41 |
5,320 |
Republic
Services, Inc. |
240 |
34,709 |
Stericycle,
Inc. * |
107 |
4,885 |
Waste
Management, Inc. |
484 |
80,368 |
|
|
133,846 |
Communications
Equipment — 1.3% | ||
Arista
Networks, Inc. * |
287 |
45,966 |
Ciena
Corp. * |
172 |
7,919 |
Cisco
Systems, Inc. |
3,743 |
176,857 |
Juniper
Networks, Inc. |
372 |
11,216 |
Lumentum
Holdings, Inc. * |
26 |
1,254 |
Motorola
Solutions, Inc. |
195 |
56,823 |
Viasat,
Inc. * |
84 |
2,942 |
|
|
302,977 |
Consumer
Finance — 0.8% | ||
American
Express Co. |
698 |
112,615 |
Capital
One Financial Corp. |
445 |
43,299 |
Synchrony
Financial |
525 |
15,493 |
|
|
171,407 |
Consumer
Staples Distribution & Retail — 0.7% | ||
Costco
Wholesale Corp. |
171 |
86,051 |
Target
Corp. |
7 |
1,104 |
Walmart,
Inc. |
524 |
79,108 |
|
|
166,263 |
Containers
& Packaging — 0.1% | ||
Avery
Dennison Corp. |
95 |
16,576 |
Distributors
— 0.1% | ||
LKQ
Corp. |
291 |
16,799 |
Diversified
Telecommunication Services — 0.7% | ||
AT&T,
Inc. |
1,897 |
33,520 |
Verizon
Communications, Inc. |
2,989 |
116,063 |
|
|
149,583 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Electric
Utilities — 1.5% | ||
Avangrid,
Inc. |
92 |
3,704 |
Edison
International |
551 |
40,554 |
Eversource
Energy |
505 |
39,193 |
Exelon
Corp. |
1,455 |
61,750 |
NextEra
Energy, Inc. |
2,040 |
156,325 |
PG&E
Corp. * |
2,411 |
41,252 |
|
|
342,778 |
Electrical
Equipment — 0.6% | ||
AMETEK,
Inc. |
269 |
37,103 |
Emerson
Electric Co. |
666 |
55,451 |
Rockwell
Automation, Inc. |
134 |
37,977 |
|
|
130,531 |
Electronic
Equipment, Instruments & Components — 0.5% | ||
CDW
Corp. |
158 |
26,795 |
Keysight
Technologies, Inc. * |
209 |
30,230 |
Teledyne
Technologies, Inc. * |
54 |
22,377 |
Trimble,
Inc. * |
288 |
13,565 |
Zebra
Technologies Corp., Class A * |
60 |
17,282 |
|
|
110,249 |
Energy
Equipment & Services — 0.6% | ||
Halliburton
Co. |
1,316 |
43,099 |
Schlumberger
NV |
2,023 |
99,835 |
|
|
142,934 |
Entertainment
— 2.3% | ||
Activision
Blizzard, Inc. * |
918 |
71,338 |
Electronic
Arts, Inc. |
320 |
40,730 |
Liberty
Media Corp.-Liberty Formula One, Class C * |
257 |
18,553 |
Netflix,
Inc. * |
467 |
154,077 |
Spotify
Technology SA * |
164 |
21,910 |
Take-Two
Interactive Software, Inc. * |
198 |
24,609 |
Walt
Disney Co. (The) * |
1,720 |
176,300 |
|
|
507,517 |
Financial
Services — 5.0% | ||
Apollo
Global Management, Inc. |
461 |
29,223 |
Berkshire
Hathaway, Inc., Class B * |
625 |
205,344 |
Block,
Inc. * |
626 |
38,055 |
Fidelity
National Information Services, Inc. |
693 |
40,693 |
Fiserv,
Inc. * |
695 |
84,873 |
Global
Payments, Inc. |
306 |
34,489 |
Jack
Henry & Associates, Inc. |
85 |
13,884 |
Mastercard,
Inc., Class A |
681 |
258,800 |
PayPal
Holdings, Inc. * |
1,343 |
102,068 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
123
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Financial
Services — continued | ||
Toast,
Inc., Class A * |
317 |
5,769 |
Visa,
Inc., Class A |
1,246 |
289,982 |
Voya
Financial, Inc. |
113 |
8,642 |
Western
Union Co. (The) |
441 |
4,820 |
WEX,
Inc. * |
51 |
9,045 |
|
|
1,125,687 |
Food
Products — 1.0% | ||
General
Mills, Inc. |
156 |
13,826 |
Hershey
Co. (The) |
170 |
46,420 |
J
M Smucker Co. (The) |
121 |
18,684 |
McCormick
& Co., Inc. (Non-Voting) |
293 |
25,740 |
Mondelez
International, Inc., Class A |
1,603 |
122,982 |
|
|
227,652 |
Gas
Utilities — 0.2% | ||
Atmos
Energy Corp. |
208 |
23,741 |
National
Fuel Gas Co. |
98 |
5,478 |
UGI
Corp. |
307 |
10,401 |
|
|
39,620 |
Ground
Transportation — 0.5% | ||
Lyft,
Inc., Class A * |
382 |
3,916 |
Uber
Technologies, Inc. * |
2,270 |
70,483 |
Union
Pacific Corp. |
151 |
29,551 |
|
|
103,950 |
Health
Care Equipment & Supplies — 1.5% | ||
Abbott
Laboratories |
575 |
63,520 |
Boston
Scientific Corp. * |
1,682 |
87,666 |
Edwards
Lifesciences Corp. * |
716 |
62,994 |
IDEXX
Laboratories, Inc. * |
96 |
47,247 |
Insulet
Corp. * |
80 |
25,443 |
Intuitive
Surgical, Inc. * |
20 |
6,025 |
Medtronic
plc |
400 |
36,380 |
Stryker
Corp. |
43 |
12,885 |
|
|
342,160 |
Health
Care Providers & Services — 3.6% | ||
AmerisourceBergen
Corp. |
191 |
31,868 |
Cigna
Group (The) |
344 |
87,132 |
CVS
Health Corp. |
1,505 |
110,332 |
Elevance
Health, Inc. |
263 |
123,255 |
Humana,
Inc. |
142 |
75,330 |
McKesson
Corp. |
161 |
58,643 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Health
Care Providers & Services — continued | ||
Premier,
Inc., Class A |
138 |
4,599 |
UnitedHealth
Group, Inc. |
669 |
329,208 |
|
|
820,367 |
Health
Care REITs — 0.1% | ||
Healthcare
Realty Trust, Inc. |
445 |
8,802 |
Medical
Properties Trust, Inc. |
696 |
6,104 |
Omega
Healthcare Investors, Inc. |
275 |
7,359 |
|
|
22,265 |
Hotels,
Restaurants & Leisure — 2.5% | ||
Booking
Holdings, Inc. * |
46 |
123,570 |
Chipotle
Mexican Grill, Inc. * |
32 |
66,164 |
DoorDash,
Inc., Class A * |
292 |
17,867 |
Expedia
Group, Inc. * |
177 |
16,631 |
McDonald's
Corp. |
678 |
200,519 |
Planet
Fitness, Inc., Class A * |
97 |
8,065 |
Starbucks
Corp. |
629 |
71,888 |
Wendy's
Co. (The) |
200 |
4,420 |
Yum!
Brands, Inc. |
329 |
46,251 |
|
|
555,375 |
Household
Durables — 0.1% | ||
PulteGroup,
Inc. |
266 |
17,862 |
Household
Products — 1.9% | ||
Church
& Dwight Co., Inc. |
284 |
27,582 |
Clorox
Co. (The) |
144 |
23,849 |
Colgate-Palmolive
Co. |
979 |
78,124 |
Procter
& Gamble Co. (The) |
1,859 |
290,711 |
|
|
420,266 |
Industrial
Conglomerates — 0.6% | ||
General
Electric Co. |
1,271 |
125,791 |
Industrial
REITs — 0.6% | ||
Prologis,
Inc. |
1,061 |
132,890 |
Rexford
Industrial Realty, Inc. |
237 |
13,218 |
|
|
146,108 |
Insurance
— 2.4% | ||
Aflac,
Inc. |
719 |
50,222 |
Allstate
Corp. (The) |
308 |
35,654 |
American
International Group, Inc. |
867 |
45,986 |
Aon
plc, Class A |
242 |
78,694 |
Arch
Capital Group Ltd. * |
84 |
6,306 |
Assured
Guaranty Ltd. |
67 |
3,609 |
Chubb
Ltd. |
485 |
97,757 |
124
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Insurance
— continued | ||
Hartford
Financial Services Group, Inc. (The) |
370 |
26,266 |
Lincoln
National Corp. |
193 |
4,194 |
Marsh
& McLennan Cos., Inc. |
43 |
7,748 |
MetLife,
Inc. |
785 |
48,144 |
Principal
Financial Group, Inc. |
282 |
21,063 |
Progressive
Corp. (The) |
45 |
6,138 |
Prudential
Financial, Inc. |
429 |
37,323 |
RenaissanceRe
Holdings Ltd. (Bermuda) |
50 |
10,770 |
Travelers
Cos., Inc. (The) |
273 |
49,451 |
WR
Berkley Corp. |
240 |
14,141 |
|
|
543,466 |
Interactive
Media & Services — 4.2% | ||
Alphabet,
Inc., Class A * |
6,156 |
660,784 |
Match
Group, Inc. * |
326 |
12,029 |
Meta
Platforms, Inc., Class A * |
1,075 |
258,344 |
Pinterest,
Inc., Class A * |
696 |
16,008 |
|
|
947,165 |
IT
Services — 1.3% | ||
Accenture
plc, Class A |
616 |
172,659 |
Amdocs
Ltd. |
140 |
12,775 |
Cloudflare,
Inc., Class A * |
332 |
15,621 |
EPAM
Systems, Inc. * |
64 |
18,076 |
Gartner,
Inc. * |
90 |
27,221 |
Globant
SA * |
48 |
7,530 |
International
Business Machines Corp. |
192 |
24,271 |
Okta,
Inc. * |
176 |
12,061 |
Twilio,
Inc., Class A * |
204 |
10,732 |
|
|
300,946 |
Leisure
Products — 0.1% | ||
Hasbro,
Inc. |
154 |
9,120 |
Peloton
Interactive, Inc., Class A * |
360 |
3,197 |
YETI
Holdings, Inc. * |
114 |
4,497 |
|
|
16,814 |
Life
Sciences Tools & Services — 2.2% | ||
Agilent
Technologies, Inc. |
348 |
47,130 |
Danaher
Corp. |
429 |
101,634 |
Illumina,
Inc. * |
184 |
37,823 |
IQVIA
Holdings, Inc. * |
217 |
40,846 |
Mettler-Toledo
International, Inc. * |
26 |
38,779 |
PerkinElmer,
Inc. |
125 |
16,311 |
Repligen
Corp. * |
65 |
9,856 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Life
Sciences Tools & Services — continued | ||
Thermo
Fisher Scientific, Inc. |
345 |
191,440 |
Waters
Corp. * |
69 |
20,725 |
|
|
504,544 |
Machinery
— 2.6% | ||
Caterpillar,
Inc. |
567 |
124,060 |
Deere
& Co. |
314 |
118,698 |
Dover
Corp. |
167 |
24,409 |
Fortive
Corp. |
414 |
26,119 |
Graco,
Inc. |
197 |
15,620 |
IDEX
Corp. |
89 |
18,362 |
Illinois
Tool Works, Inc. |
360 |
87,098 |
Ingersoll
Rand, Inc. |
473 |
26,970 |
Nordson
Corp. |
67 |
14,493 |
Otis
Worldwide Corp. |
486 |
41,456 |
PACCAR,
Inc. |
597 |
44,590 |
Parker-Hannifin
Corp. |
35 |
11,371 |
Xylem,
Inc. |
209 |
21,703 |
|
|
574,949 |
Media
— 0.6% | ||
Comcast
Corp., Class A |
1,909 |
78,975 |
Fox
Corp., Class A |
504 |
16,763 |
Interpublic
Group of Cos., Inc. (The) |
452 |
16,150 |
Liberty
Media Corp.-Liberty SiriusXM, Class C * |
268 |
7,488 |
Omnicom
Group, Inc. |
237 |
21,465 |
|
|
140,841 |
Metals
& Mining — 0.8% | ||
Freeport-McMoRan,
Inc. |
1,680 |
63,689 |
Newmont
Corp. |
931 |
44,130 |
Nucor
Corp. |
296 |
43,861 |
Steel
Dynamics, Inc. |
195 |
20,270 |
|
|
171,950 |
Mortgage
Real Estate Investment Trusts (REITs) — 0.1% | ||
AGNC
Investment Corp. |
667 |
6,610 |
Annaly
Capital Management, Inc. |
558 |
11,149 |
|
|
17,759 |
Multi-Utilities
— 0.7% | ||
CenterPoint
Energy, Inc. |
734 |
22,365 |
Consolidated
Edison, Inc. |
414 |
40,767 |
NiSource,
Inc. |
100 |
2,846 |
Public
Service Enterprise Group, Inc. |
582 |
36,782 |
Sempra
Energy |
373 |
57,998 |
|
|
160,758 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
125
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Office
REITs — 0.1% | ||
Alexandria
Real Estate Equities, Inc. |
88 |
10,928 |
Kilroy
Realty Corp. |
130 |
3,801 |
|
|
14,729 |
Oil,
Gas & Consumable Fuels — 3.8% | ||
Antero
Resources Corp. * |
416 |
9,564 |
Chevron
Corp. |
1,202 |
202,633 |
ConocoPhillips |
1,318 |
135,609 |
Enviva,
Inc. |
44 |
946 |
Exxon
Mobil Corp. |
3,003 |
355,375 |
Hess
Corp. |
412 |
59,765 |
New
Fortress Energy, Inc. |
86 |
2,605 |
ONEOK,
Inc. |
278 |
18,184 |
Targa
Resources Corp. |
331 |
25,000 |
Williams
Cos., Inc. (The) |
1,784 |
53,984 |
|
|
863,665 |
Personal
Care Products — 0.3% | ||
Coty,
Inc., Class A * |
411 |
4,879 |
Estee
Lauder Cos., Inc. (The), Class A |
268 |
66,121 |
|
|
71,000 |
Pharmaceuticals
— 4.2% | ||
Bristol-Myers
Squibb Co. |
2,048 |
136,745 |
Eli
Lilly & Co. |
670 |
265,226 |
Johnson
& Johnson |
1,883 |
308,247 |
Merck
& Co., Inc. |
1,203 |
138,911 |
Pfizer,
Inc. |
2,247 |
87,386 |
Zoetis,
Inc. |
18 |
3,164 |
|
|
939,679 |
Professional
Services — 1.3% | ||
Automatic
Data Processing, Inc. |
492 |
108,240 |
Booz
Allen Hamilton Holding Corp. |
153 |
14,645 |
Clarivate
plc * |
552 |
4,891 |
Equifax,
Inc. |
142 |
29,590 |
FTI
Consulting, Inc. * |
42 |
7,581 |
Genpact
Ltd. |
211 |
9,400 |
ManpowerGroup,
Inc. |
59 |
4,467 |
Paychex,
Inc. |
377 |
41,417 |
Robert
Half International, Inc. |
124 |
9,052 |
Science
Applications International Corp. |
34 |
3,469 |
TransUnion |
225 |
15,482 |
Verisk
Analytics, Inc. |
182 |
35,328 |
|
|
283,562 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Real
Estate Management & Development — 0.2% | ||
CBRE
Group, Inc., Class A * |
368 |
28,211 |
Jones
Lang LaSalle, Inc. * |
56 |
7,786 |
Zillow
Group, Inc., Class C * |
249 |
10,842 |
|
|
46,839 |
Residential
REITs — 0.6% | ||
American
Homes 4 Rent, Class A |
360 |
11,974 |
AvalonBay
Communities, Inc. |
163 |
29,400 |
Equity
LifeStyle Properties, Inc. |
208 |
14,331 |
Equity
Residential |
433 |
27,387 |
Essex
Property Trust, Inc. |
76 |
16,700 |
Sun
Communities, Inc. |
143 |
19,867 |
UDR,
Inc. |
378 |
15,623 |
|
|
135,282 |
Retail
REITs — 0.6% | ||
Brixmor
Property Group, Inc. |
344 |
7,337 |
Federal
Realty Investment Trust |
94 |
9,296 |
Kimco
Realty Corp. |
704 |
13,510 |
National
Retail Properties, Inc. |
208 |
9,048 |
Realty
Income Corp. |
733 |
46,062 |
Regency
Centers Corp. |
200 |
12,286 |
Simon
Property Group, Inc. |
380 |
43,061 |
|
|
140,600 |
Semiconductors
& Semiconductor Equipment — 5.2% | ||
Advanced
Micro Devices, Inc. * |
1,742 |
155,683 |
Analog
Devices, Inc. |
64 |
11,512 |
Applied
Materials, Inc. |
989 |
111,787 |
Broadcom,
Inc. |
163 |
102,120 |
Cirrus
Logic, Inc. * |
66 |
5,662 |
Enphase
Energy, Inc. * |
192 |
31,526 |
First
Solar, Inc. * |
156 |
28,483 |
Intel
Corp. |
741 |
23,016 |
KLA
Corp. |
108 |
41,746 |
Lam
Research Corp. |
80 |
41,926 |
Marvell
Technology, Inc. |
995 |
39,283 |
Monolithic
Power Systems, Inc. |
54 |
24,946 |
NVIDIA
Corp. |
1,667 |
462,576 |
QUALCOMM,
Inc. |
296 |
34,573 |
Texas
Instruments, Inc. |
282 |
47,150 |
Universal
Display Corp. |
51 |
6,806 |
|
|
1,168,795 |
Software
— 11.3% | ||
Adobe,
Inc. * |
455 |
171,790 |
126
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Software
— continued | ||
ANSYS,
Inc. * |
102 |
32,020 |
Atlassian
Corp., Class A * |
174 |
25,693 |
Autodesk,
Inc. * |
254 |
49,477 |
Bentley
Systems, Inc., Class B |
197 |
8,384 |
Cadence
Design Systems, Inc. * |
320 |
67,024 |
Confluent,
Inc., Class A * |
162 |
3,564 |
Dolby
Laboratories, Inc., Class A |
68 |
5,691 |
Fortinet,
Inc. * |
754 |
47,540 |
Gen
Digital, Inc. |
620 |
10,955 |
Guidewire
Software, Inc. * |
96 |
7,314 |
Intuit,
Inc. |
321 |
142,508 |
Microsoft
Corp. |
4,225 |
1,298,173 |
New
Relic, Inc. * |
62 |
4,431 |
Nutanix,
Inc., Class A * |
269 |
6,451 |
Oracle
Corp. |
1,592 |
150,794 |
Palo
Alto Networks, Inc. * |
349 |
63,679 |
Salesforce,
Inc. * |
788 |
156,316 |
ServiceNow,
Inc. * |
238 |
109,342 |
Splunk,
Inc. * |
190 |
16,386 |
Synopsys,
Inc. * |
179 |
66,466 |
Tyler
Technologies, Inc. * |
48 |
18,193 |
Unity
Software, Inc. * |
271 |
7,309 |
VMware,
Inc., Class A * |
205 |
25,631 |
Workday,
Inc., Class A * |
208 |
38,717 |
|
|
2,533,848 |
Specialized
REITs — 0.7% | ||
American
Tower Corp. |
48 |
9,811 |
Crown
Castle, Inc. |
511 |
62,899 |
CubeSmart |
261 |
11,873 |
Extra
Space Storage, Inc. |
155 |
23,566 |
Life
Storage, Inc. |
99 |
13,304 |
Rayonier,
Inc. |
171 |
5,362 |
SBA
Communications Corp. |
125 |
32,611 |
|
|
159,426 |
Specialty
Retail — 2.5% | ||
AutoZone,
Inc. * |
22 |
58,593 |
CarMax,
Inc. * |
185 |
12,956 |
Floor
& Decor Holdings, Inc., Class A * |
121 |
12,020 |
Home
Depot, Inc. (The) |
823 |
247,344 |
Lithia
Motors, Inc., Class A |
32 |
7,068 |
Lowe's
Cos., Inc. |
137 |
28,473 |
Penske
Automotive Group, Inc. |
30 |
4,157 |
Ross
Stores, Inc. |
398 |
42,478 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Specialty
Retail — continued | ||
TJX
Cos., Inc. (The) |
830 |
65,421 |
Tractor
Supply Co. |
129 |
30,754 |
Ulta
Beauty, Inc. * |
59 |
32,534 |
Valvoline,
Inc. |
252 |
8,707 |
Williams-Sonoma,
Inc. |
78 |
9,441 |
|
|
559,946 |
Technology
Hardware, Storage & Peripherals — 7.0% | ||
Apple,
Inc. |
9,255 |
1,570,388 |
Textiles,
Apparel & Luxury Goods — 1.1% | ||
Deckers
Outdoor Corp. * |
31 |
14,860 |
Lululemon
Athletica, Inc. * |
130 |
49,391 |
NIKE,
Inc., Class B |
1,245 |
157,766 |
PVH
Corp. |
76 |
6,522 |
Ralph
Lauren Corp. |
47 |
5,395 |
Tapestry,
Inc. |
282 |
11,508 |
VF
Corp. |
409 |
9,616 |
|
|
255,058 |
Trading
Companies & Distributors — 0.4% | ||
Air
Lease Corp. |
122 |
4,907 |
United
Rentals, Inc. |
82 |
29,611 |
Univar
Solutions, Inc. * |
229 |
8,130 |
WESCO
International, Inc. |
52 |
7,488 |
WW
Grainger, Inc. |
53 |
36,865 |
|
|
87,001 |
Water
Utilities — 0.1% | ||
Essential
Utilities, Inc. |
339 |
14,475 |
Wireless
Telecommunication Services — 0.1% | ||
T-Mobile
US, Inc. * |
107 |
15,397 |
Total
Common Stocks
(Cost
$20,944,126) |
|
22,407,786 |
Short-Term
Investments — 0.1% | ||
Investment
Companies — 0.1% | ||
JPMorgan
U.S. Government Money Market Fund
Class
IM Shares, 4.78% (a)
(b)
(Cost
$22,283) |
22,283 |
22,283 |
Total
Investments — 99.9%
(Cost
$20,966,409) |
|
22,430,069 |
Other
Assets Less Liabilities — 0.1% |
|
28,489 |
NET
ASSETS — 100.0% |
|
22,458,558 |
Percentages
indicated are based on net
assets. |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
127
|
Abbreviations |
|
REIT |
Real
Estate Investment Trust |
* |
Non-income
producing security.
|
(a) |
Investment
in an affiliated fund, which is registered under the
Investment
Company Act of 1940, as amended, and is advised by
J.P.
Morgan Investment Management Inc. |
(b) |
The
rate shown is the current yield as of April 30,
2023. |
DESCRIPTION |
NUMBER
OF
CONTRACTS |
EXPIRATION
DATE |
TRADING
CURRENCY |
NOTIONAL
AMOUNT
($) |
VALUE
AND
UNREALIZED
APPRECIATION
(DEPRECIATION)
($) |
Long
Contracts |
|
|
|
|
|
Micro
E-mini S&P 500 Index |
2 |
06/16/2023 |
USD |
41,900 |
1,452 |
Abbreviations |
|
USD |
United
States Dollar |
128
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — 99.7% | ||
Brazil
— 8.9% | ||
Ambev
SA |
426,792 |
1,206,497 |
Auren
Energia SA |
103,469 |
327,139 |
Banco
do Brasil SA |
146,142 |
1,252,570 |
Banco
Santander Brasil SA |
10,422 |
55,831 |
BB
Seguridade Participacoes SA |
139,863 |
953,675 |
Bradespar
SA (Preference) |
115,129 |
543,584 |
CCR
SA |
360,043 |
977,381 |
Centrais
Eletricas Brasileiras SA |
138,948 |
939,079 |
Cia
de Saneamento Basico do Estado de Sao
Paulo
SABESP |
58,231 |
534,934 |
Cia
Energetica de Minas Gerais (Preference) |
385,153 |
950,566 |
Cia
Paranaense de Energia (Preference) |
480,350 |
770,440 |
Cielo
SA |
682,100 |
742,573 |
CPFL
Energia SA |
75,361 |
498,448 |
CTEEP-Cia
de Transmissao de Energia Eletrica
Paulista
(Preference) |
132,938 |
615,942 |
EDP
- Energias do Brasil SA |
137,866 |
621,085 |
Embraer
SA * |
221,448 |
857,768 |
Engie
Brasil Energia SA |
50,354 |
415,831 |
Gerdau
SA (Preference) |
139,215 |
701,406 |
Hypera
SA |
62,543 |
468,088 |
Itau
Unibanco Holding SA (Preference) |
242,172 |
1,254,606 |
Itausa
SA (Preference) |
190,499 |
329,224 |
M
Dias Branco SA * |
44,736 |
258,310 |
Marfrig
Global Foods SA |
119,047 |
155,140 |
Metalurgica
Gerdau SA (Preference) |
185,779 |
432,434 |
Neoenergia
SA |
13,356 |
41,050 |
Petroleo
Brasileiro SA (Preference) |
472,408 |
2,239,955 |
Rumo
SA |
155,309 |
612,169 |
Sao
Martinho SA |
76,463 |
483,508 |
Telefonica
Brasil SA |
87,733 |
723,457 |
TIM
SA |
202,300 |
565,798 |
TOTVS
SA |
20,873 |
106,964 |
Transmissora
Alianca de Energia Eletrica SA |
80,106 |
584,759 |
Unipar
Carbocloro SA (Preference), Class B |
8,317 |
109,119 |
Vale
SA |
254,909 |
3,680,690 |
|
|
25,010,020 |
Chile
— 1.4% | ||
Banco
de Chile |
4,851,362 |
516,537 |
Banco
Santander Chile |
5,962,674 |
285,115 |
CAP
SA |
13,095 |
91,669 |
Cencosud
SA |
395,900 |
806,758 |
Cia
Cervecerias Unidas SA |
31,319 |
255,674 |
Cia
Sud Americana de Vapores SA |
6,479,959 |
662,164 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Chile
— continued | ||
Colbun
SA |
2,690,426 |
376,643 |
Embotelladora
Andina SA (Preference),
Class
B |
117,737 |
294,937 |
Enel
Americas SA |
3,244,741 |
442,145 |
Sociedad
Quimica y Minera de Chile SA
(Preference),
Class B |
1,717 |
116,239 |
|
|
3,847,881 |
China
— 25.4% | ||
3SBio,
Inc. (a) |
268,500 |
269,027 |
Agile
Group Holdings Ltd. * |
118,000 |
24,008 |
Agricultural
Bank of China Ltd., Class A |
1,610,100 |
795,346 |
An
Hui Wenergy Co. Ltd., Class A * |
272,300 |
213,989 |
Angang
Steel Co. Ltd., Class H |
625,800 |
207,884 |
Anhui
Conch Cement Co. Ltd., Class H |
182,500 |
576,248 |
Anhui
Expressway Co. Ltd., Class A * |
249,500 |
341,960 |
ANTA
Sports Products Ltd. |
17,600 |
218,702 |
BAIC
Motor Corp. Ltd., Class H (a) |
482,000 |
135,654 |
Bank
of Beijing Co. Ltd., Class A * |
547,900 |
375,306 |
Bank
of China Ltd., Class H |
6,371,000 |
2,544,311 |
Bank
of Communications Co. Ltd., Class A * |
993,600 |
799,545 |
Bank
of Hangzhou Co. Ltd., Class A * |
214,200 |
388,841 |
Baoshan
Iron & Steel Co. Ltd., Class A * |
390,800 |
363,904 |
Beijing
Enterprises Holdings Ltd. |
76,000 |
315,399 |
Bosideng
International Holdings Ltd. |
766,000 |
377,774 |
BYD
Electronic International Co. Ltd. |
109,000 |
330,568 |
CGN
Power Co. Ltd., Class H (a) |
2,601,000 |
686,828 |
China
CITIC Bank Corp. Ltd., Class H |
1,929,000 |
1,043,522 |
China
Coal Energy Co. Ltd., Class H * |
463,000 |
397,815 |
China
Communications Services Corp. Ltd.,
Class
H |
714,000 |
391,247 |
China
Construction Bank Corp., Class H |
2,919,000 |
1,951,429 |
China
Everbright Bank Co. Ltd., Class H * |
500,000 |
160,130 |
China
Feihe Ltd. (a) |
395,000 |
266,739 |
China
Hongqiao Group Ltd. |
527,500 |
519,575 |
China
International Marine Containers Group
Co.
Ltd., Class A * |
317,400 |
321,570 |
China
Lesso Group Holdings Ltd. |
222,000 |
191,924 |
China
Medical System Holdings Ltd. |
346,000 |
574,401 |
China
Merchants Energy Shipping Co. Ltd.,
Class
A * |
332,600 |
318,997 |
China
Merchants Port Group Co. Ltd., Class A * |
71,500 |
205,623 |
China
Merchants Port Holdings Co. Ltd. |
298,000 |
442,179 |
China
Minsheng Banking Corp. Ltd., Class H |
309,800 |
113,803 |
China
National Accord Medicines Corp. Ltd.,
Class
A * |
29,900 |
280,844 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
129
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
China
— continued | ||
China
National Building Material Co. Ltd.,
Class
H |
598,250 |
448,873 |
China
National Chemical Engineering Co. Ltd.,
Class
A * |
130,700 |
200,209 |
China
National Nuclear Power Co. Ltd.,
Class
A * |
379,700 |
378,941 |
China
Petroleum & Chemical Corp., Class H |
1,518,000 |
994,921 |
China
Resources Cement Holdings Ltd. |
368,000 |
166,602 |
China
Resources Double Crane
Pharmaceutical
Co. Ltd., Class A * |
156,300 |
468,871 |
China
Resources Gas Group Ltd. |
151,800 |
479,132 |
China
Resources Land Ltd. |
136,000 |
633,319 |
China
Resources Pharmaceutical Group
Ltd. (a) |
420,000 |
417,212 |
China
Resources Power Holdings Co. Ltd. |
282,000 |
613,978 |
China
Resources Sanjiu Medical &
Pharmaceutical
Co. Ltd., Class A * |
62,400 |
531,722 |
China
Shenhua Energy Co. Ltd., Class H |
413,500 |
1,373,461 |
China
South Publishing & Media Group Co.
Ltd.,
Class A * |
347,500 |
695,129 |
China
United Network Communications Ltd.,
Class
A * |
711,600 |
559,515 |
China
Vanke Co. Ltd., Class H * |
77,100 |
120,530 |
China
Yangtze Power Co. Ltd., Class A * |
245,400 |
775,956 |
Chinese
Universe Publishing and Media Group
Co.
Ltd., Class A * |
347,100 |
895,920 |
Chongqing
Changan Automobile Co. Ltd.,
Class
A * |
208,530 |
359,752 |
Chongqing
Rural Commercial Bank Co. Ltd.,
Class
H |
423,000 |
163,502 |
CITIC
Ltd. |
704,000 |
883,725 |
Citic
Pacific Special Steel Group Co. Ltd.,
Class
A |
125,676 |
293,373 |
COSCO
SHIPPING Energy Transportation Co.
Ltd.,
Class H * |
108,000 |
111,022 |
COSCO
SHIPPING Holdings Co. Ltd., Class H * |
549,850 |
638,661 |
COSCO
SHIPPING Ports Ltd. |
330,000 |
217,139 |
CSG
Holding Co. Ltd., Class A * |
192,200 |
182,678 |
CSPC
Pharmaceutical Group Ltd. |
248,000 |
252,538 |
Daan
Gene Co. Ltd., Class A * |
116,160 |
261,530 |
Dali
Foods Group Co. Ltd. (a) |
604,000 |
251,358 |
Daqin
Railway Co. Ltd., Class A * |
350,800 |
390,293 |
Datang
International Power Generation Co.
Ltd.,
Class H * |
1,294,000 |
242,666 |
Dongfeng
Motor Group Co. Ltd., Class H |
244,000 |
116,742 |
Dongguan
Development Holdings Co. Ltd.,
Class
A * |
178,400 |
257,352 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
China
— continued | ||
ENN
Energy Holdings Ltd. |
96,500 |
1,323,170 |
Fosun
International Ltd. |
160,576 |
112,616 |
Fujian
Sunner Development Co. Ltd., Class A |
76,100 |
235,215 |
G-bits
Network Technology Xiamen Co. Ltd.,
Class
A * |
5,100 |
385,991 |
GD
Power Development Co. Ltd., Class A * |
797,500 |
445,011 |
Great
Wall Motor Co. Ltd., Class H |
442,500 |
537,008 |
Guangdong
Baolihua New Energy Stock Co.
Ltd.,
Class A * |
455,300 |
436,513 |
Guangxi
Guiguan Electric Power Co. Ltd.,
Class
A * |
370,700 |
296,862 |
Guangzhou
Baiyunshan Pharmaceutical
Holdings
Co. Ltd., Class H * |
66,000 |
216,818 |
Guangzhou
Shiyuan Electronic Technology Co.
Ltd.,
Class A * |
19,800 |
188,874 |
Haitian
International Holdings Ltd. |
156,000 |
405,332 |
Heilongjiang
Agriculture Co. Ltd., Class A * |
235,600 |
462,365 |
Henan
Shuanghui Investment & Development
Co.
Ltd., Class A |
16,200 |
58,407 |
Hengan
International Group Co. Ltd. |
73,000 |
326,052 |
Hopson
Development Holdings Ltd. |
92,536 |
82,281 |
Huabao
Flavours & Fragrances Co. Ltd.,
Class
A * |
60,300 |
208,909 |
Huadian
Power International Corp. Ltd.,
Class
H * |
910,000 |
441,322 |
Huadong
Medicine Co. Ltd., Class A * |
70,200 |
420,559 |
Huaibei
Mining Holdings Co. Ltd., Class A * |
153,900 |
302,552 |
Huapont
Life Sciences Co. Ltd., Class A * |
397,200 |
303,117 |
Huaxin
Cement Co. Ltd., Class H |
210,700 |
209,979 |
Huayu
Automotive Systems Co. Ltd., Class A * |
87,900 |
208,258 |
Hubei
Energy Group Co. Ltd., Class A |
410,900 |
253,404 |
Hubei
Jumpcan Pharmaceutical Co. Ltd.,
Class
A * |
86,000 |
392,199 |
Hunan
Valin Steel Co. Ltd., Class A * |
307,400 |
234,653 |
Industrial
& Commercial Bank of China Ltd.,
Class
H |
3,817,000 |
2,053,562 |
Inner
Mongolia Dian Tou Energy Corp. Ltd.,
Class
A * |
232,016 |
452,090 |
Inner
Mongolia ERDOS Resources Co. Ltd.,
Class
A * |
129,600 |
270,902 |
Inner
Mongolia Yitai Coal Co. Ltd., Class B * |
403,300 |
598,165 |
Jiangling
Motors Corp. Ltd., Class A * |
111,000 |
220,102 |
Jiangsu
Expressway Co. Ltd., Class A |
61,700 |
79,324 |
Jiangsu
Hengli Hydraulic Co. Ltd., Class A * |
46,656 |
415,398 |
Jiangsu
Yuyue Medical Equipment & Supply
Co.
Ltd., Class A * |
71,700 |
327,080 |
130
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
China
— continued | ||
Jiangsu
Zhongnan Construction Group Co.
Ltd.,
Class A * |
298,600 |
77,258 |
Jiangsu
Zhongtian Technology Co. Ltd.,
Class
A * |
175,900 |
371,646 |
Joincare
Pharmaceutical Group Industry Co.
Ltd.,
Class A * |
160,400 |
300,256 |
Jointo
Energy Investment Co. Ltd. Hebei,
Class
A * |
312,900 |
270,164 |
Joyoung
Co. Ltd., Class A * |
50,971 |
119,994 |
JOYY,
Inc., ADR |
7,256 |
220,800 |
Kingboard
Holdings Ltd. |
165,500 |
506,882 |
KingClean
Electric Co. Ltd., Class A * |
81,318 |
318,013 |
Kunlun
Energy Co. Ltd. |
398,000 |
368,949 |
Kweichow
Moutai Co. Ltd., Class A * |
7,800 |
1,985,896 |
LB
Group Co. Ltd., Class A |
121,000 |
302,973 |
Li
Ning Co. Ltd. |
208,500 |
1,491,112 |
Livzon
Pharmaceutical Group, Inc., Class A * |
49,800 |
257,508 |
Longfor
Group Holdings Ltd. (b) |
81,000 |
221,656 |
Maanshan
Iron & Steel Co. Ltd., Class H * |
424,000 |
90,512 |
Metallurgical
Corp. of China Ltd., Class A * |
468,400 |
303,527 |
Nanjing
Iron & Steel Co. Ltd., Class A |
615,900 |
326,763 |
Ningbo
Sanxing Medical Electric Co. Ltd.,
Class
A * |
133,200 |
265,905 |
PetroChina
Co. Ltd., Class A |
265,500 |
303,387 |
Ping
An Insurance Group Co. of China Ltd.,
Class
H |
143,500 |
1,046,907 |
Postal
Savings Bank of China Co. Ltd.,
Class
H (a) |
1,067,000 |
695,676 |
Qingdao
Port International Co. Ltd., Class A * |
349,100 |
361,636 |
Qinhuangdao
Port Co. Ltd., Class A |
694,200 |
337,174 |
Sany
Heavy Industry Co. Ltd., Class A * |
128,800 |
307,327 |
Seazen
Group Ltd. * |
228,000 |
49,011 |
Seazen
Holdings Co. Ltd., Class A * |
71,600 |
154,058 |
Shaanxi
Coal Industry Co. Ltd., Class A * |
241,300 |
682,987 |
Shandong
Buchang Pharmaceuticals Co. Ltd.,
Class
A * |
80,600 |
250,806 |
Shandong
Hualu Hengsheng Chemical Co.
Ltd.,
Class A |
119,040 |
548,836 |
Shandong
Publishing & Media Co. Ltd.,
Class
A * |
425,800 |
712,939 |
Shandong
Weigao Group Medical Polymer Co.
Ltd.,
Class H |
309,600 |
528,299 |
Shanghai
International Port Group Co. Ltd.,
Class
A * |
401,700 |
332,771 |
Shanghai
Pharmaceuticals Holding Co. Ltd.,
Class
H * |
28,900 |
58,753 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
China
— continued | ||
Shanghai
Tunnel Engineering Co. Ltd.,
Class
A * |
368,400 |
348,188 |
Shanghai
Waigaoqiao Free Trade Zone Group
Co.
Ltd., Class A * |
110,200 |
186,327 |
Shanxi
Coking Coal Energy Group Co. Ltd.,
Class
A * |
169,600 |
252,064 |
Shanxi
Lu'an Environmental Energy
Development
Co. Ltd., Class A * |
117,000 |
341,182 |
Shenzhen
Jinjia Group Co. Ltd., Class A * |
70,500 |
74,536 |
Shenzhen
Mindray Bio-Medical Electronics Co.
Ltd.,
Class A * |
13,700 |
618,032 |
Shenzhen
Overseas Chinese Town Co. Ltd.,
Class
A * |
327,600 |
237,222 |
Shenzhen
Salubris Pharmaceuticals Co. Ltd.,
Class
A |
63,200 |
328,215 |
Sinoma
International Engineering Co.,
Class
A * |
112,200 |
233,991 |
Sino-Ocean
Group Holding Ltd. |
630,500 |
55,644 |
Sinopharm
Group Co. Ltd., Class H |
135,600 |
480,333 |
Sinotruk
Hong Kong Ltd. |
220,500 |
336,977 |
Skyworth
Digital Co. Ltd., Class A * |
128,700 |
305,660 |
Tangshan
Jidong Cement Co. Ltd., Class A * |
142,400 |
167,960 |
TangShan
Port Group Co. Ltd., Class A * |
1,242,000 |
708,918 |
Tian
Di Science & Technology Co. Ltd.,
Class
A * |
527,200 |
416,357 |
Tianhe
Chemicals Group Ltd. ‡
* |
20,000 |
— |
Wanxiang
Qianchao Co. Ltd., Class A * |
706,400 |
519,953 |
Weichai
Power Co. Ltd., Class A * |
205,256 |
342,038 |
Weifu
High-Technology Group Co. Ltd.,
Class
A * |
103,500 |
250,028 |
Wuliangye
Yibin Co. Ltd., Class A |
33,500 |
818,599 |
Xiamen
C & D, Inc., Class A * |
171,300 |
300,423 |
Xinhua
Winshare Publishing and Media Co.
Ltd.,
Class A * |
274,200 |
769,626 |
Xinxing
Ductile Iron Pipes Co. Ltd., Class A * |
82,900 |
54,522 |
Yangzijiang
Shipbuilding Holdings Ltd. |
623,800 |
581,718 |
Yankuang
Energy Group Co. Ltd., Class H * |
308,000 |
1,056,617 |
Yintai
Gold Co. Ltd., Class A |
206,920 |
384,869 |
Yuexiu
Property Co. Ltd. (c) |
117,400 |
169,839 |
Yunnan
Baiyao Group Co. Ltd., Class A * |
28,660 |
240,892 |
Zhejiang
Expressway Co. Ltd., Class H |
420,000 |
348,542 |
Zhejiang
Hisoar Pharmaceutical Co. Ltd.,
Class
A * |
182,000 |
202,570 |
Zhejiang
Sanhua Intelligent Controls Co. Ltd.,
Class
A |
138,180 |
466,540 |
Zhejiang
Semir Garment Co. Ltd., Class A * |
232,500 |
225,743 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
131
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
China
— continued | ||
Zhejiang
Weixing New Building Materials Co.
Ltd.,
Class A * |
98,097 |
313,488 |
Zhengzhou
Coal Mining Machinery Group Co.
Ltd.,
Class A * |
224,300 |
460,981 |
Zhongsheng
Group Holdings Ltd. |
82,500 |
352,400 |
Zijin
Mining Group Co. Ltd., Class H * |
412,000 |
697,539 |
Zoomlion
Heavy Industry Science and
Technology
Co. Ltd., Class H * |
503,400 |
274,778 |
|
|
71,519,496 |
Colombia
— 0.2% | ||
Bancolombia
SA (Preference) |
69,500 |
430,491 |
Grupo
Aval Acciones y Valores SA
(Preference) |
581,767 |
72,814 |
|
|
503,305 |
Czech
Republic — 0.5% | ||
CEZ
A/S * |
24,509 |
1,316,494 |
Moneta
Money Bank A/S (a) |
58,360 |
213,997 |
|
|
1,530,491 |
Egypt
— 0.1% | ||
Commercial
International Bank Egypt SAE |
97,354 |
168,819 |
Greece
— 1.2% | ||
Hellenic
Telecommunications Organization SA |
53,679 |
784,341 |
JUMBO
SA |
33,727 |
777,052 |
Mytilineos
SA |
29,507 |
856,080 |
OPAP
SA * |
50,395 |
859,371 |
|
|
3,276,844 |
Hong
Kong — 0.1% | ||
Kingboard
Laminates Holdings Ltd. |
255,500 |
263,316 |
Hungary
— 0.5% | ||
Magyar
Telekom Telecommunications plc |
138,863 |
174,731 |
MOL
Hungarian Oil & Gas plc |
63,821 |
517,541 |
Richter
Gedeon Nyrt. |
30,833 |
744,695 |
|
|
1,436,967 |
India
— 10.2% | ||
Adani
Power Ltd. * |
132,439 |
365,264 |
Aurobindo
Pharma Ltd. |
20,247 |
153,058 |
Bajaj
Auto Ltd. |
13,202 |
716,552 |
Bajaj
Holdings & Investment Ltd. |
1,201 |
100,775 |
Bharat
Petroleum Corp. Ltd. |
55,612 |
243,410 |
Castrol
India Ltd. |
20,100 |
29,494 |
Cipla
Ltd. |
52,636 |
585,603 |
Colgate-Palmolive
India Ltd. |
8,154 |
159,220 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
India
— continued | ||
Dabur
India Ltd. |
65,774 |
429,299 |
Divi's
Laboratories Ltd. |
11,124 |
445,647 |
Dr
Reddy's Laboratories Ltd. |
10,377 |
625,758 |
GAIL
India Ltd. |
105,609 |
138,817 |
Glenmark
Pharmaceuticals Ltd. |
11,783 |
81,320 |
HCL
Technologies Ltd. |
69,136 |
903,887 |
Hindalco
Industries Ltd. |
29,124 |
156,263 |
Hindustan
Petroleum Corp. Ltd. |
25,649 |
78,899 |
Hindustan
Unilever Ltd. |
90,038 |
2,710,116 |
Hindustan
Zinc Ltd. |
16,955 |
65,324 |
Housing
Development Finance Corp. Ltd. |
62,636 |
2,134,125 |
ICICI
Lombard General Insurance Co. Ltd. *
(a) |
4,490 |
59,355 |
Indian
Oil Corp. Ltd. |
135,214 |
134,751 |
Indus
Towers Ltd. |
121,298 |
230,484 |
Infosys
Ltd. |
263,994 |
4,073,208 |
ITC
Ltd. |
345,022 |
1,799,208 |
Jindal
Steel & Power Ltd. |
27,697 |
198,183 |
JSW
Steel Ltd. |
45,598 |
405,709 |
Mphasis
Ltd. |
2,812 |
62,735 |
Nestle
India Ltd. |
3,211 |
855,406 |
NHPC
Ltd. |
323,243 |
175,499 |
NMDC
Ltd. |
148,105 |
197,194 |
NTPC
Ltd. |
279,604 |
589,733 |
Oil
& Natural Gas Corp. Ltd. |
223,409 |
435,704 |
Oil
India Ltd. |
18,294 |
57,190 |
Petronet
LNG Ltd. |
85,160 |
247,344 |
Piramal
Enterprises Ltd. |
7,206 |
65,114 |
Power
Grid Corp. of India Ltd. |
168,970 |
491,332 |
REC
Ltd. |
98,193 |
159,107 |
Reliance
Industries Ltd. |
71,433 |
2,121,357 |
Steel
Authority of India Ltd. |
100,738 |
102,369 |
Sun
Pharmaceutical Industries Ltd. |
47,939 |
579,877 |
Tata
Consultancy Services Ltd. * |
57,336 |
2,266,875 |
Tata
Power Co. Ltd. (The) |
302,434 |
747,022 |
Tata
Steel Ltd. |
585,070 |
775,668 |
Titan
Co. Ltd. |
16,367 |
530,279 |
Torrent
Power Ltd. |
15,906 |
107,483 |
United
Breweries Ltd. |
3,354 |
60,802 |
UPL
Ltd. |
31,896 |
289,479 |
Vedanta
Ltd. |
147,410 |
505,676 |
Wipro
Ltd. |
4,819 |
22,819 |
Zydus
Lifesciences Ltd. |
19,033 |
121,205 |
|
|
28,590,998 |
132
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Indonesia
— 3.7% | ||
Adaro
Energy Indonesia Tbk. PT |
3,815,200 |
816,697 |
Astra
International Tbk. PT |
2,443,700 |
1,127,203 |
Bank
Central Asia Tbk. PT |
3,011,000 |
1,863,362 |
Bukit
Asam Tbk. PT |
2,450,700 |
693,118 |
Charoen
Pokphand Indonesia Tbk. PT |
649,600 |
203,374 |
Gudang
Garam Tbk. PT |
65,300 |
126,638 |
Hanjaya
Mandala Sampoerna Tbk. PT |
4,294,100 |
297,104 |
Indofood
CBP Sukses Makmur Tbk. PT |
362,300 |
261,593 |
Indofood
Sukses Makmur Tbk. PT |
999,700 |
440,040 |
Kalbe
Farma Tbk. PT |
4,741,800 |
686,536 |
Media
Nusantara Citra Tbk. PT * |
4,135,200 |
166,583 |
Perusahaan
Gas Negara Tbk. PT |
4,927,200 |
481,996 |
Sarana
Menara Nusantara Tbk. PT |
4,944,800 |
346,298 |
Telkom
Indonesia Persero Tbk. PT |
5,375,100 |
1,556,891 |
Unilever
Indonesia Tbk. PT |
1,408,700 |
423,116 |
United
Tractors Tbk. PT |
279,200 |
551,162 |
Vale
Indonesia Tbk. PT * |
418,300 |
199,932 |
XL
Axiata Tbk. PT |
2,345,500 |
280,734 |
|
|
10,522,377 |
Kuwait
— 1.9% | ||
Agility
Public Warehousing Co. KSC |
164,978 |
334,872 |
Humansoft
Holding Co. KSC |
31,226 |
397,968 |
Kuwait
Finance House KSCP |
671,244 |
1,640,246 |
Mobile
Telecommunications Co. KSCP |
462,754 |
862,361 |
National
Bank of Kuwait SAKP |
650,738 |
2,136,379 |
|
|
5,371,826 |
Malaysia
— 2.0% | ||
Astro
Malaysia Holdings Bhd. |
495,600 |
77,303 |
Axiata
Group Bhd. |
547,600 |
367,938 |
CELCOMDIGI
Bhd. |
493,500 |
487,393 |
Hong
Leong Financial Group Bhd. |
15,600 |
63,372 |
IHH
Healthcare Bhd. |
168,200 |
216,451 |
Kuala
Lumpur Kepong Bhd. |
37,400 |
180,644 |
Malayan
Banking Bhd. |
66,208 |
128,661 |
Maxis
Bhd. |
601,900 |
594,596 |
Nestle
Malaysia Bhd. |
11,000 |
334,155 |
Petronas
Chemicals Group Bhd. |
353,100 |
561,905 |
Petronas
Gas Bhd. |
177,900 |
674,030 |
PPB
Group Bhd. |
156,860 |
571,807 |
RHB
Bank Bhd. |
145,300 |
178,729 |
Telekom
Malaysia Bhd. |
411,200 |
458,130 |
Tenaga
Nasional Bhd. |
417,800 |
834,487 |
|
|
5,729,601 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Mexico
— 7.2% | ||
Alfa
SAB de CV, Class A |
1,023,343 |
653,410 |
America
Movil SAB de CV |
2,217,951 |
2,391,950 |
Arca
Continental SAB de CV |
98,074 |
936,856 |
Banco
del Bajio SA (a) |
95,764 |
314,890 |
Cemex
SAB de CV * |
1,572,709 |
945,576 |
Coca-Cola
Femsa SAB de CV |
110,297 |
913,564 |
El
Puerto de Liverpool SAB de CV, Class C1 |
59,206 |
363,808 |
Fibra
Uno Administracion SA de CV, REIT |
617,017 |
851,425 |
Fomento
Economico Mexicano SAB de CV |
32,845 |
319,471 |
Gruma
SAB de CV, Class B |
52,079 |
817,820 |
Grupo
Aeroportuario del Centro Norte SAB de
CV |
78,025 |
855,956 |
Grupo
Aeroportuario del Pacifico SAB de CV,
Class
B |
56,809 |
1,010,110 |
Grupo
Aeroportuario del Sureste SAB de CV,
Class
B |
34,749 |
995,476 |
Grupo
Bimbo SAB de CV |
293,299 |
1,574,201 |
Grupo
Carso SAB de CV |
64,171 |
364,264 |
Grupo
Financiero Banorte SAB de CV, Class O |
295,439 |
2,560,433 |
Grupo
Mexico SAB de CV |
24,071 |
117,721 |
Kimberly-Clark
de Mexico SAB de CV, Class A |
64,540 |
145,883 |
Megacable
Holdings SAB de CV |
139,103 |
378,482 |
Orbia
Advance Corp. SAB de CV |
329,814 |
759,437 |
Promotora
y Operadora de Infraestructura
SAB
de CV |
61,926 |
644,455 |
Regional
SAB de CV |
20,184 |
147,769 |
Wal-Mart
de Mexico SAB de CV |
549,110 |
2,213,299 |
|
|
20,276,256 |
Pakistan
— 0.1% | ||
Oil
& Gas Development Co. Ltd. |
495,565 |
150,145 |
Philippines
— 0.5% | ||
Globe
Telecom, Inc. |
4,338 |
133,479 |
Manila
Electric Co. |
67,630 |
414,827 |
Metro
Pacific Investments Corp. |
4,176,200 |
334,231 |
PLDT,
Inc. |
18,465 |
401,813 |
Puregold
Price Club, Inc. |
38,000 |
22,401 |
|
|
1,306,751 |
Qatar
— 1.7% | ||
Commercial
Bank PSQC (The) |
167,877 |
272,234 |
Industries
Qatar QSC |
233,390 |
822,381 |
Mesaieed
Petrochemical Holding Co. |
318,417 |
174,210 |
Ooredoo
QPSC |
279,934 |
761,782 |
Qatar
Electricity & Water Co. QSC |
118,092 |
544,067 |
Qatar
Fuel QSC |
60,499 |
276,167 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
133
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Qatar
— continued | ||
Qatar
Gas Transport Co. Ltd. |
724,680 |
790,505 |
Qatar
International Islamic Bank QSC |
57,157 |
156,262 |
Qatar
Islamic Bank SAQ |
153,312 |
757,718 |
Qatar
Navigation QSC |
102,886 |
256,169 |
|
|
4,811,495 |
Russia
— 0.0% ^ | ||
Alrosa
PJSC ‡
* |
200,448 |
4,122 |
Federal
Grid Co. ROSSETI PJSC ‡
* |
42,872,768 |
976 |
Federal
Grid Co. Unified Energy System PJSC ‡
* |
127,925,624 |
2,782 |
Inter
RAO UES PJSC ‡ |
6,142,220 |
4,185 |
LUKOIL
PJSC ‡ |
17,853 |
21,998 |
M.Video
PJSC ‡
* |
8,526 |
539 |
Magnit
PJSC ‡
* |
7,858 |
5,824 |
Magnitogorsk
Iron & Steel Works PJSC ‡
* |
334,440 |
3,866 |
MMC
Norilsk Nickel PJSC ‡ |
3,087 |
14,762 |
Mobile
TeleSystems PJSC ‡ |
120,496 |
6,770 |
Novolipetsk
Steel PJSC ‡
* |
155,019 |
6,950 |
PhosAgro
PJSC ‡ |
1,940 |
2,387 |
Rostelecom
PJSC ‡ |
157,186 |
2,668 |
RusHydro
PJSC ‡ |
35,715,691 |
5,977 |
Sberbank
of Russia PJSC ‡
* |
537,391 |
16,767 |
Severstal
PAO ‡
* |
20,498 |
6,910 |
Sistema
PJSFC ‡
* |
308,352 |
918 |
Surgutneftegas
PJSC (Preference) ‡ |
655,737 |
4,970 |
Tatneft
PJSC ‡ |
17,275 |
1,549 |
Unipro
PJSC ‡
* |
4,941,067 |
1,948 |
|
|
116,868 |
Saudi
Arabia — 4.7% | ||
Abdullah
Al Othaim Markets Co. |
9,240 |
354,252 |
ACWA
Power Co. * |
51 |
2,145 |
Almarai
Co. JSC |
38,865 |
613,108 |
Arab
National Bank |
29,193 |
214,062 |
Arabian
Internet & Communications Services
Co. |
10,927 |
817,946 |
Banque
Saudi Fransi |
13,307 |
138,076 |
Dr
Sulaiman Al Habib Medical Services Group
Co. |
14,572 |
1,119,361 |
Elm
Co. |
7,556 |
896,080 |
Etihad
Etisalat Co. * |
83,925 |
1,035,086 |
Jarir
Marketing Co. |
17,113 |
746,528 |
Mouwasat
Medical Services Co. |
406 |
26,833 |
Riyad
Bank |
10,980 |
88,558 |
SABIC
Agri-Nutrients Co. |
11,768 |
423,120 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Saudi
Arabia — continued | ||
Sahara
International Petrochemical Co. |
56,201 |
586,005 |
Saudi
Airlines Catering Co. |
26,791 |
680,854 |
Saudi
Arabian Mining Co. * |
27,876 |
521,470 |
Saudi
Arabian Oil Co. (a) |
219,089 |
2,111,812 |
Saudi
Cement Co. |
31,672 |
476,142 |
Saudi
Electricity Co. |
153,432 |
994,679 |
Saudi
Investment Bank (The) |
79,770 |
350,096 |
Saudi
Telecom Co. |
40,871 |
491,922 |
Yanbu
Cement Co. |
44,167 |
423,178 |
|
|
13,111,313 |
Singapore
— 0.0% ^ | ||
Yangzijiang
Financial Holding Ltd. * |
212,800 |
61,620 |
South
Africa — 3.9% | ||
African
Rainbow Minerals Ltd. |
41,513 |
521,502 |
Anglo
American Platinum Ltd. |
8,286 |
491,264 |
Aspen
Pharmacare Holdings Ltd. |
18,359 |
183,752 |
AVI
Ltd. |
136,297 |
508,665 |
Bidvest
Group Ltd. (The) |
71,055 |
973,231 |
Exxaro
Resources Ltd. |
60,564 |
636,366 |
Foschini
Group Ltd. (The) |
6,880 |
35,675 |
Impala
Platinum Holdings Ltd. |
91,556 |
891,371 |
Investec
Ltd. |
64,368 |
353,993 |
MTN
Group Ltd. |
216,876 |
1,523,296 |
MultiChoice
Group |
93,758 |
586,817 |
Nedbank
Group Ltd. |
63,183 |
728,975 |
Netcare
Ltd. |
168,959 |
147,555 |
Pepkor
Holdings Ltd. (a) |
256,399 |
237,582 |
Pick
n Pay Stores Ltd. |
132,012 |
313,350 |
Royal
Bafokeng Platinum Ltd. |
10,523 |
82,579 |
Shoprite
Holdings Ltd. |
27,282 |
332,950 |
Sibanye
Stillwater Ltd. |
226,512 |
500,781 |
Tiger
Brands Ltd. |
46,591 |
504,790 |
Vodacom
Group Ltd. |
114,994 |
788,210 |
Woolworths
Holdings Ltd. |
216,273 |
769,089 |
|
|
11,111,793 |
Taiwan
— 11.8% | ||
Accton
Technology Corp. * |
69,000 |
674,055 |
Asia
Cement Corp. * |
356,000 |
509,889 |
Capital
Securities Corp. * |
741,000 |
331,058 |
Catcher
Technology Co. Ltd. * |
84,000 |
495,526 |
Cheng
Shin Rubber Industry Co. Ltd. |
536,000 |
660,559 |
Chicony
Electronics Co. Ltd. * |
54,551 |
172,358 |
China
Airlines Ltd. * |
893,000 |
553,980 |
134
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Taiwan
— continued | ||
China
Motor Corp. |
154,000 |
396,654 |
China
Steel Corp. * |
244,000 |
231,418 |
Chunghwa
Telecom Co. Ltd. * |
435,000 |
1,799,959 |
CTBC
Financial Holding Co. Ltd. |
2,237,395 |
1,649,270 |
E.Sun
Financial Holding Co. Ltd. * |
1,222,216 |
993,969 |
Eclat
Textile Co. Ltd. * |
16,000 |
254,801 |
Eva
Airways Corp. * |
560,000 |
491,065 |
Evergreen
Marine Corp. Taiwan Ltd. * |
142,800 |
754,201 |
Far
Eastern New Century Corp. * |
723,000 |
751,545 |
Far
EasTone Telecommunications Co. Ltd. * |
278,000 |
714,284 |
Feng
TAY Enterprise Co. Ltd. * |
43,000 |
267,516 |
First
Financial Holding Co. Ltd. * |
1,170,357 |
1,033,758 |
Formosa
Chemicals & Fibre Corp. * |
309,000 |
693,455 |
Formosa
Taffeta Co. Ltd. * |
289,000 |
266,473 |
Fubon
Financial Holding Co. Ltd. * |
255,185 |
491,461 |
Globalwafers
Co. Ltd. |
23,000 |
361,473 |
Hotai
Motor Co. Ltd. * |
18,000 |
388,002 |
Largan
Precision Co. Ltd. |
16,000 |
1,050,595 |
Lite-On
Technology Corp. |
278,000 |
665,955 |
Mega
Financial Holding Co. Ltd. * |
1,260,013 |
1,397,905 |
Nan
Ya Plastics Corp. * |
642,000 |
1,631,692 |
Nien
Made Enterprise Co. Ltd. * |
54,000 |
594,548 |
Novatek
Microelectronics Corp. * |
17,000 |
232,409 |
Pou
Chen Corp. * |
677,000 |
701,301 |
President
Chain Store Corp. * |
106,000 |
933,850 |
Realtek
Semiconductor Corp. * |
61,000 |
715,345 |
SinoPac
Financial Holdings Co. Ltd. * |
1,871,275 |
1,018,348 |
Taiwan
Cooperative Financial Holding Co.
Ltd. * |
1,112,819 |
970,009 |
Taiwan
Fertilizer Co. Ltd. * |
310,000 |
596,908 |
Taiwan
Mobile Co. Ltd. |
298,000 |
1,004,090 |
Taiwan
Semiconductor Manufacturing Co. Ltd. |
201,000 |
3,291,494 |
Uni-President
Enterprises Corp. * |
631,000 |
1,512,733 |
Yang
Ming Marine Transport Corp. * |
214,000 |
441,479 |
Yuanta
Financial Holding Co. Ltd. * |
1,709,529 |
1,258,398 |
Yulon
Motor Co. Ltd. |
144,000 |
378,624 |
|
|
33,332,412 |
Thailand
— 3.2% | ||
Advanced
Info Service PCL |
172,200 |
1,081,135 |
Bangkok
Bank PCL |
86,100 |
396,652 |
Bangkok
Dusit Medical Services PCL, Class F |
1,036,800 |
888,100 |
Banpu
PCL |
1,739,800 |
465,234 |
Bumrungrad
Hospital PCL |
90,300 |
630,617 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Thailand
— continued | ||
Digital
Telecommunications Infrastructure
Fund,
Class F |
1,313,100 |
488,363 |
Electricity
Generating PCL |
83,400 |
383,030 |
Gulf
Energy Development PCL |
505,700 |
754,243 |
Home
Product Center PCL |
1,153,400 |
474,577 |
Intouch
Holdings PCL, NVDR |
241,500 |
531,747 |
Krung
Thai Bank PCL |
1,681,900 |
889,165 |
PTT
Exploration & Production PCL |
249,900 |
1,087,328 |
Ratch
Group PCL |
331,700 |
367,371 |
Thai
Oil PCL |
265,200 |
363,022 |
Thai
Union Group PCL, Class F |
387,300 |
156,730 |
True
Corp. PCL, NVDR |
610,000 |
142,016 |
|
|
9,099,330 |
Turkey
— 8.0% | ||
AG
Anadolu Grubu Holding A/S |
108,085 |
527,881 |
Akbank
TAS |
854,752 |
706,704 |
Akcansa
Cimento A/S |
45,174 |
150,027 |
Aksa
Enerji Uretim A/S |
246,396 |
354,428 |
Alarko
Holding A/S |
152,158 |
461,197 |
Anadolu
Efes Biracilik ve Malt Sanayii A/S |
217,551 |
704,565 |
Arcelik
A/S |
91,765 |
457,250 |
Aselsan
Elektronik Sanayi ve Ticaret A/S |
240,652 |
553,733 |
Aygaz
A/S |
72,153 |
241,379 |
Bera
Holding AS |
326,293 |
170,502 |
BIM
Birlesik Magazalar A/S |
112,723 |
905,728 |
Can2
Termik A/S * |
18,011 |
45,001 |
Cimsa
Cimento Sanayi ve Ticaret A/S |
97,200 |
423,749 |
Coca-Cola
Icecek A/S |
57,809 |
700,217 |
Dogan
Sirketler Grubu Holding A/S * |
1,223,370 |
539,143 |
Dogus
Otomotiv Servis ve Ticaret A/S |
73,524 |
462,655 |
EIS
Eczacibasi Ilac ve Sinai ve Finansal
Yatirimlar
Sanayi ve Ticaret A/S |
354,428 |
539,709 |
Enerjisa
Enerji A/S (a) |
369,761 |
530,270 |
Enka
Insaat ve Sanayi A/S |
469,265 |
660,375 |
Eregli
Demir ve Celik Fabrikalari TAS * |
338,481 |
577,579 |
Europen
Endustri Insaat Sanayi ve Ticaret
A/S * |
246,765 |
124,959 |
Ford
Otomotiv Sanayi A/S |
23,000 |
635,773 |
Girisim
Elektrik Taahhut Ticaret ve Sanayi
A/S * |
124,932 |
430,324 |
Haci
Omer Sabanci Holding A/S |
322,343 |
633,639 |
Kimteks
Poliuretan Sanayi ve Ticaret A/S |
47,842 |
210,169 |
KOC
Holding A/S |
202,162 |
787,053 |
Kontrolmatik
Enerji ve Muhendislik A/S |
38,374 |
261,002 |
Koza
Altin Isletmeleri A/S |
581,684 |
565,705 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
135
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Turkey
— continued | ||
Koza
Anadolu Metal Madencilik Isletmeleri
A/S * |
267,721 |
488,010 |
Mavi
Giyim Sanayi ve Ticaret A/S, Class B (a) |
33,381 |
180,020 |
Migros
Ticaret A/S * |
51,354 |
460,759 |
MLP
Saglik Hizmetleri A/S *
(a) |
42,494 |
144,294 |
Nuh
Cimento Sanayi A/S |
19,136 |
127,006 |
Otokar
Otomotiv ve Savunma Sanayi AS * |
6,398 |
276,293 |
Oyak
Cimento Fabrikalari A/S * |
243,011 |
377,294 |
Penta
Teknoloji Urunleri Dagitim Ticaret A/S * |
41,271 |
31,635 |
TAV
Havalimanlari Holding A/S * |
154,308 |
559,628 |
Tekfen
Holding A/S |
246,214 |
364,943 |
Tofas
Turk Otomobil Fabrikasi A/S |
63,887 |
631,052 |
Turk
Hava Yollari AO * |
120,769 |
794,226 |
Turk
Telekomunikasyon A/S * |
645,982 |
541,030 |
Turk
Traktor ve Ziraat Makineleri A/S |
18,869 |
541,290 |
Turkcell
Iletisim Hizmetleri A/S |
431,731 |
735,472 |
Turkiye
Halk Bankasi A/S * |
954,362 |
515,659 |
Turkiye
Is Bankasi A/S, Class C |
1,146,923 |
639,307 |
Turkiye
Petrol Rafinerileri A/S |
125,405 |
428,243 |
Turkiye
Sise ve Cam Fabrikalari A/S |
341,590 |
648,039 |
Yapi
ve Kredi Bankasi A/S |
1,287,905 |
628,359 |
|
|
22,473,275 |
United
Arab Emirates — 2.3% | ||
Abu
Dhabi Commercial Bank PJSC |
402,986 |
968,234 |
Abu
Dhabi Islamic Bank PJSC |
212,776 |
659,196 |
Abu
Dhabi Ports Co. PJSC * |
403,760 |
754,451 |
Air
Arabia PJSC |
661,335 |
395,105 |
Aldar
Properties PJSC |
566,843 |
836,087 |
Dubai
Islamic Bank PJSC |
413,519 |
627,357 |
Emirates
Telecommunications Group Co. PJSC |
168,420 |
1,102,470 |
Multiply
Group PJSC * |
775,588 |
711,572 |
National
Marine Dredging Co. * |
48,137 |
285,101 |
Salik
Co. PJSC |
207,872 |
169,250 |
|
|
6,508,823 |
United
States — 0.2% | ||
JBS
SA |
170,625 |
608,911 |
Total
Common Stocks
(Cost
$268,636,369) |
|
280,740,933 |
Short-Term
Investments — 0.0% ^ | ||
Investment
of Cash Collateral from Securities Loaned — 0.0%
^ | ||
JPMorgan
U.S. Government Money Market
Fund
Class IM Shares, 4.78% (d)
(e)(Cost
$102,725) |
102,725 |
102,725 |
INVESTMENTS |
SHARES |
VALUE($) |
Total
Investments — 99.7%
(Cost
$268,739,094) |
|
280,843,658 |
Other
Assets Less Liabilities — 0.3% |
|
855,095 |
NET
ASSETS — 100.0% |
|
281,698,753 |
Percentages
indicated are based on net
assets. |
Abbreviations |
|
ADR |
American
Depositary Receipt |
JSC |
Joint
Stock Company |
NVDR |
Non-Voting
Depositary Receipt |
PJSC |
Public
Joint Stock Company |
Preference |
A
special type of equity investment that shares in the earnings of
the
company, has limited voting rights, and may have a dividend
preference.
Preference shares may also have liquidation
preference. |
PT |
Limited
liability company |
REIT |
Real
Estate Investment Trust |
^ |
Amount
rounds to less than 0.1% of net assets. | |
‡ |
Value
determined using significant unobservable
inputs. |
|
* |
Non-income
producing security.
|
|
(a) |
Security
exempt from registration pursuant to
Regulation
S under the Securities Act of 1933, as
amended.
Regulation S applies to securities offerings
that
are made outside of the United States and do not
involve
direct selling efforts in the United States and
as
such may have restrictions on resale. |
|
(b) |
Securities
exempt from registration under Rule 144A
or
section 4(a)(2), of the Securities Act of 1933, as
amended. |
|
(c) |
The
security or a portion of this security is on loan at
April
30, 2023. The total value of securities on loan at
April
30, 2023 is $84,919. |
|
(d) |
Investment
in an affiliated fund, which is registered
under
the Investment Company Act of 1940, as
amended,
and is advised by J.P. Morgan Investment
Management
Inc. |
|
(e) |
The
rate shown is the current yield as of April 30,
2023. |
|
136
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INDUSTRY |
PERCENT
OF
TOTAL
INVESTMENTS |
Banks |
14.7
% |
Oil,
Gas & Consumable Fuels |
7.6 |
Metals
& Mining |
6.0 |
Wireless
Telecommunication Services |
5.0 |
Food
Products |
4.0 |
Electric
Utilities |
3.9 |
Transportation
Infrastructure |
3.5 |
Industrial
Conglomerates |
3.3 |
Independent
Power and Renewable Electricity Producers |
3.3 |
Diversified
Telecommunication Services |
3.3 |
IT
Services |
3.2 |
Pharmaceuticals |
3.0 |
Beverages |
2.9 |
Chemicals |
2.7 |
Consumer
Staples Distribution & Retail |
2.3 |
Automobiles |
1.9 |
Construction
Materials |
1.9 |
Machinery |
1.8 |
Financial
Services |
1.7 |
Health
Care Providers & Services |
1.7 |
Semiconductors
& Semiconductor Equipment |
1.6 |
Textiles,
Apparel & Luxury Goods |
1.6 |
Personal
Care Products |
1.5 |
Gas
Utilities |
1.4 |
Specialty
Retail |
1.4 |
Media |
1.3 |
Marine
Transportation |
1.0 |
Others
(each less than 1.0%) |
12.5 |
Short-Term
Investments |
0.0
(a) |
| |
(a) |
Amount
rounds to less than
0.1%. |
DESCRIPTION |
NUMBER
OF
CONTRACTS |
EXPIRATION
DATE |
TRADING
CURRENCY |
NOTIONAL
AMOUNT
($) |
VALUE
AND
UNREALIZED
APPRECIATION
(DEPRECIATION)
($) |
Long
Contracts |
|
|
|
|
|
MSCI
Emerging Markets E-Mini Index |
6 |
06/16/2023 |
USD |
295,290 |
13,228 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
137
|
Abbreviations |
|
MSCI |
Morgan
Stanley Capital International |
USD |
United
States Dollar |
138
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — 99.1% | ||
Australia
— 10.5% | ||
AGL
Energy Ltd. |
547,619 |
3,014,637 |
Altium
Ltd. |
56,337 |
1,436,101 |
Alumina
Ltd. |
1,004,446 |
1,019,453 |
Ampol
Ltd. |
99,523 |
1,985,755 |
Ansell
Ltd. |
112,715 |
2,005,776 |
ANZ
Group Holdings Ltd. |
47,277 |
767,696 |
APA
Group |
324,699 |
2,216,862 |
Aurizon
Holdings Ltd. |
261,958 |
595,601 |
BHP
Group Ltd. |
89,922 |
2,668,660 |
BlueScope
Steel Ltd. |
11,979 |
159,222 |
Charter
Hall Group, REIT |
78,964 |
587,481 |
Cochlear
Ltd. |
13,838 |
2,268,984 |
Coles
Group Ltd. |
267,817 |
3,235,277 |
CSR
Ltd. |
546,726 |
1,913,938 |
Dexus,
REIT |
455,599 |
2,361,364 |
EBOS
Group Ltd. |
15,288 |
419,549 |
Endeavour
Group Ltd. |
87,693 |
395,250 |
Flutter
Entertainment plc * |
9,941 |
1,992,155 |
Fortescue
Metals Group Ltd. |
160,982 |
2,252,401 |
Glencore
plc |
504,560 |
2,978,233 |
GPT
Group (The), REIT |
846,445 |
2,488,993 |
Harvey
Norman Holdings Ltd. |
529,783 |
1,272,331 |
Iluka
Resources Ltd. |
68,751 |
505,180 |
Incitec
Pivot Ltd. |
536,375 |
1,142,809 |
JB
Hi-Fi Ltd. |
70,696 |
2,092,299 |
Lottery
Corp. Ltd. (The) |
663,155 |
2,223,549 |
Metcash
Ltd. |
725,784 |
1,880,881 |
Mirvac
Group, REIT |
420,033 |
674,332 |
New
Hope Corp. Ltd. |
145,362 |
513,843 |
Origin
Energy Ltd. |
582,615 |
3,230,319 |
Ramsay
Health Care Ltd. |
55,143 |
2,371,218 |
REA
Group Ltd. |
680 |
63,953 |
Rio
Tinto Ltd. |
33,393 |
2,504,631 |
Rio
Tinto plc |
42,478 |
2,700,428 |
Santos
Ltd. |
557,357 |
2,640,254 |
Sonic
Healthcare Ltd. |
122,477 |
2,887,145 |
South32
Ltd. |
711,120 |
2,010,160 |
Stockland,
REIT |
249,224 |
738,794 |
Tabcorp
Holdings Ltd. |
1,396,760 |
974,262 |
Telstra
Group Ltd. |
845,495 |
2,452,965 |
Treasury
Wine Estates Ltd. |
296,163 |
2,743,388 |
Vicinity
Ltd., REIT |
1,041,554 |
1,456,061 |
Wesfarmers
Ltd. |
83,082 |
2,874,090 |
Whitehaven
Coal Ltd. |
461,637 |
2,215,293 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Australia
— continued | ||
WiseTech
Global Ltd. |
41,707 |
1,910,419 |
Woodside
Energy Group Ltd. |
120,405 |
2,732,029 |
Woolworths
Group Ltd. |
63,008 |
1,625,407 |
Yancoal
Australia Ltd. |
99,918 |
369,382 |
|
|
85,568,810 |
Austria
— 0.5% | ||
Mondi
plc |
161,347 |
2,571,118 |
OMV
AG |
34,122 |
1,614,745 |
|
|
4,185,863 |
Belgium
— 0.2% | ||
D'ieteren
Group |
1,642 |
309,170 |
Proximus
SADP |
118,348 |
1,008,868 |
|
|
1,318,038 |
Brazil
— 0.3% | ||
Yara
International ASA |
63,237 |
2,546,481 |
Cambodia
— 0.0% ^ | ||
NagaCorp
Ltd. * |
121,231 |
98,288 |
Chile
— 0.4% | ||
Antofagasta
plc |
158,628 |
2,917,645 |
China
— 1.5% | ||
Budweiser
Brewing Co. APAC Ltd. (a) |
687,200 |
1,985,465 |
Chow
Tai Fook Jewellery Group Ltd. |
264,200 |
530,570 |
Lenovo
Group Ltd. |
3,392,000 |
3,470,274 |
SITC
International Holdings Co. Ltd. |
215,000 |
397,682 |
Want
Want China Holdings Ltd. |
2,744,000 |
1,750,000 |
Wilmar
International Ltd. |
817,100 |
2,413,483 |
Xinyi
Glass Holdings Ltd. |
939,000 |
1,717,939 |
|
|
12,265,413 |
Denmark
— 0.8% | ||
Carlsberg
A/S, Class B |
17,590 |
2,911,089 |
DSV
A/S |
610 |
114,803 |
Novo
Nordisk A/S, Class B |
21,961 |
3,653,311 |
|
|
6,679,203 |
Finland
— 1.2% | ||
Elisa
OYJ |
48,356 |
3,002,970 |
Fortum
OYJ |
10,137 |
151,406 |
Kesko
OYJ, Class B |
101,036 |
2,106,383 |
Orion
OYJ, Class B |
26,253 |
1,233,185 |
Stora
Enso OYJ, Class R |
127,741 |
1,620,631 |
UPM-Kymmene
OYJ |
58,578 |
1,868,077 |
|
|
9,982,652 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
139
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
France
— 4.9% | ||
Air
Liquide SA |
4,639 |
834,511 |
Arkema
SA |
18,929 |
1,872,892 |
Capgemini
SE |
15,537 |
2,833,286 |
Carrefour
SA |
164,467 |
3,421,013 |
Covivio
SA, REIT |
15,510 |
881,882 |
Danone
SA (b) |
42,852 |
2,836,102 |
Eiffage
SA |
28,339 |
3,373,017 |
Engie
SA (b) |
103,331 |
1,653,739 |
EssilorLuxottica
SA |
2,509 |
496,732 |
Gecina
SA, REIT |
23,060 |
2,567,101 |
Klepierre
SA, REIT (b) |
120,231 |
3,045,466 |
Orange
SA |
227,618 |
2,962,657 |
Pernod
Ricard SA |
14,804 |
3,418,972 |
Publicis
Groupe SA |
31,317 |
2,560,387 |
TotalEnergies
SE |
50,519 |
3,228,161 |
Unibail-Rodamco-Westfield,
REIT * |
9,454 |
506,980 |
Vinci
SA |
23,232 |
2,873,594 |
Vivendi
SE (b) |
79,953 |
878,240 |
|
|
40,244,732 |
Germany
— 2.4% | ||
Bayerische
Motoren Werke AG |
11,997 |
1,344,677 |
Covestro
AG *
(a) |
14,824 |
650,335 |
Deutsche
Telekom AG (Registered) |
140,077 |
3,377,504 |
E.ON
SE |
50,428 |
667,048 |
Fresenius
Medical Care AG & Co. KGaA |
35,875 |
1,740,797 |
Hannover
Rueck SE |
3,573 |
763,404 |
Hella
GmbH & Co. KGaA |
6,517 |
551,118 |
Infineon
Technologies AG |
9,781 |
356,192 |
LEG
Immobilien SE * |
13,695 |
852,421 |
Mercedes-Benz
Group AG |
38,821 |
3,027,496 |
Merck
KGaA |
8,794 |
1,577,369 |
SAP
SE |
20,818 |
2,817,013 |
Telefonica
Deutschland Holding AG |
643,737 |
2,175,171 |
|
|
19,900,545 |
Hong
Kong — 3.1% | ||
ASMPT
Ltd. |
98,500 |
774,423 |
CK
Asset Holdings Ltd. |
497,000 |
2,938,824 |
CK
Infrastructure Holdings Ltd. |
483,500 |
2,752,753 |
CLP
Holdings Ltd. |
309,000 |
2,300,730 |
Hong
Kong & China Gas Co. Ltd. |
795,393 |
706,254 |
Hutchison
Port Holdings Trust |
2,996,000 |
568,348 |
MTR
Corp. Ltd. |
233,000 |
1,164,190 |
New
World Development Co. Ltd. |
121,750 |
324,692 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Hong
Kong — continued | ||
Orient
Overseas International Ltd. |
101,500 |
2,062,195 |
PCCW
Ltd. |
3,248,000 |
1,694,248 |
Power
Assets Holdings Ltd. |
537,500 |
3,071,436 |
Sun
Hung Kai Properties Ltd. |
184,000 |
2,561,886 |
Swire
Pacific Ltd., Class A |
186,000 |
1,476,492 |
WH
Group Ltd. (a) |
3,916,500 |
2,180,468 |
Yue
Yuen Industrial Holdings Ltd. |
372,000 |
559,833 |
|
|
25,136,772 |
Indonesia
— 0.0% ^ | ||
First
Pacific Co. Ltd. |
610,000 |
204,267 |
Ireland
— 0.5% | ||
CRH
plc |
57,707 |
2,784,592 |
Smurfit
Kappa Group plc |
25,072 |
928,896 |
|
|
3,713,488 |
Italy
— 2.2% | ||
A2A
SpA |
492,608 |
869,151 |
Assicurazioni
Generali SpA |
53,606 |
1,116,512 |
Banca
Mediolanum SpA |
69,250 |
626,113 |
Coca-Cola
HBC AG |
112,473 |
3,433,428 |
Davide
Campari-Milano NV |
12,762 |
164,470 |
Eni
SpA |
81,009 |
1,223,836 |
Italgas
SpA |
376,737 |
2,459,897 |
Poste
Italiane SpA (a) |
176,503 |
1,836,856 |
Recordati
Industria Chimica e Farmaceutica
SpA |
32,178 |
1,481,231 |
Snam
SpA |
79,629 |
442,552 |
Terna
- Rete Elettrica Nazionale |
251,342 |
2,175,551 |
UniCredit
SpA |
114,685 |
2,272,538 |
|
|
18,102,135 |
Japan
— 30.2% | ||
Activia
Properties, Inc., REIT |
266 |
775,086 |
Advance
Residence Investment Corp., REIT |
278 |
721,300 |
Advantest
Corp. |
5,900 |
459,798 |
Aeon
Mall Co. Ltd. |
24,000 |
323,581 |
AEON
REIT Investment Corp., REIT |
808 |
926,331 |
AGC,
Inc. |
28,900 |
1,077,533 |
Ajinomoto
Co., Inc. |
84,200 |
3,028,199 |
Alfresa
Holdings Corp. |
93,200 |
1,349,488 |
Anritsu
Corp. |
81,200 |
743,508 |
Aozora
Bank Ltd. (b) |
32,600 |
584,811 |
Asahi
Group Holdings Ltd. |
57,200 |
2,209,871 |
Astellas
Pharma, Inc. |
200,200 |
3,015,926 |
Brother
Industries Ltd. |
44,200 |
694,172 |
140
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Japan
— continued | ||
Canon
Marketing Japan, Inc. |
60,900 |
1,522,680 |
Canon,
Inc. |
134,400 |
3,201,053 |
Capcom
Co. Ltd. |
84,700 |
3,182,824 |
Casio
Computer Co. Ltd. |
39,800 |
378,689 |
Chubu
Electric Power Co., Inc. |
294,600 |
3,285,486 |
Chugai
Pharmaceutical Co. Ltd. |
93,600 |
2,415,410 |
COMSYS
Holdings Corp. |
85,800 |
1,641,882 |
Cosmo
Energy Holdings Co. Ltd. |
100,600 |
3,216,091 |
Dai
Nippon Printing Co. Ltd. |
50,400 |
1,448,804 |
Daiichi
Sankyo Co. Ltd. |
22,500 |
772,079 |
Daito
Trust Construction Co. Ltd. |
33,200 |
3,146,619 |
Daiwa
House REIT Investment Corp., REIT |
392 |
834,046 |
Daiwa
Securities Group, Inc. |
374,200 |
1,738,045 |
DIC
Corp. |
11,200 |
206,902 |
Dowa
Holdings Co. Ltd. |
24,600 |
803,694 |
Electric
Power Development Co. Ltd. |
188,300 |
3,010,868 |
ENEOS
Holdings, Inc. |
296,300 |
1,054,095 |
Fuji
Media Holdings, Inc. |
18,300 |
171,557 |
FUJIFILM
Holdings Corp. |
44,700 |
2,329,763 |
Fujitsu
Ltd. |
19,900 |
2,652,218 |
Fukuoka
Financial Group, Inc. |
24,900 |
468,994 |
H.U.
Group Holdings, Inc. |
72,000 |
1,455,568 |
Hachijuni
Bank Ltd. (The) |
157,600 |
706,065 |
Hikari
Tsushin, Inc. |
7,000 |
955,116 |
Hoya
Corp. |
1,100 |
115,341 |
Hulic
Co. Ltd. |
63,300 |
545,016 |
Idemitsu
Kosan Co. Ltd. |
84,937 |
1,808,567 |
Iida
Group Holdings Co. Ltd. |
43,100 |
766,288 |
Inpex
Corp. |
253,200 |
2,770,781 |
ITOCHU
Corp. |
93,100 |
3,088,579 |
Itochu
Techno-Solutions Corp. |
25,200 |
652,569 |
Iwatani
Corp. |
37,900 |
1,794,292 |
Japan
Metropolitan Fund Invest, REIT |
2,448 |
1,792,463 |
Japan
Post Holdings Co. Ltd. |
304,600 |
2,507,444 |
Japan
Post Insurance Co. Ltd. |
138,500 |
2,249,114 |
Japan
Real Estate Investment Corp., REIT |
16 |
63,398 |
Japan
Tobacco, Inc. |
157,400 |
3,386,758 |
Kajima
Corp. |
67,300 |
890,415 |
Kaken
Pharmaceutical Co. Ltd. |
15,800 |
435,056 |
Kaneka
Corp. |
2,500 |
66,509 |
Kansai
Electric Power Co., Inc. (The) |
327,400 |
3,534,190 |
Kawasaki
Kisen Kaisha Ltd. |
52,500 |
1,251,093 |
KDDI
Corp. |
103,600 |
3,234,199 |
Kinden
Corp. |
43,800 |
597,200 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Japan
— continued | ||
Kirin
Holdings Co. Ltd. |
59,500 |
966,596 |
Kobe
Steel Ltd. |
213,400 |
1,590,010 |
K's
Holdings Corp. |
196,400 |
1,740,738 |
Kuraray
Co. Ltd. |
55,200 |
516,209 |
Kyowa
Kirin Co. Ltd. |
118,700 |
2,641,241 |
Kyushu
Electric Power Co., Inc. * |
251,900 |
1,466,788 |
Lawson,
Inc. |
52,300 |
2,375,553 |
Lintec
Corp. |
49,200 |
822,774 |
Mani,
Inc. |
34,900 |
456,723 |
Marubeni
Corp. |
230,500 |
3,271,532 |
Matsui
Securities Co. Ltd. |
37,400 |
214,022 |
MatsukiyoCocokara
& Co. |
49,400 |
2,645,363 |
Mebuki
Financial Group, Inc. |
198,100 |
507,464 |
Medipal
Holdings Corp. |
110,600 |
1,689,738 |
MEIJI
Holdings Co. Ltd. |
122,200 |
2,948,651 |
Mitsubishi
Chemical Group Corp. |
261,500 |
1,534,127 |
Mitsubishi
Corp. |
46,700 |
1,731,443 |
Mitsubishi
Gas Chemical Co., Inc. |
49,700 |
723,556 |
Mitsubishi
HC Capital, Inc. |
413,800 |
2,147,927 |
Mitsubishi
UFJ Financial Group, Inc. |
252,500 |
1,580,532 |
Mitsui
& Co. Ltd. |
101,100 |
3,156,212 |
Mitsui
Fudosan Co. Ltd. |
97,700 |
1,940,519 |
Mitsui
Mining & Smelting Co. Ltd. |
62,900 |
1,497,828 |
Morinaga
Milk Industry Co. Ltd. |
16,000 |
601,774 |
MS&AD
Insurance Group Holdings, Inc. |
37,700 |
1,237,402 |
NH
Foods Ltd. |
10,300 |
300,585 |
Nifco,
Inc. |
9,500 |
273,225 |
Nintendo
Co. Ltd. |
62,200 |
2,629,654 |
Nippon
Electric Glass Co. Ltd. |
42,300 |
807,516 |
Nippon
Shinyaku Co. Ltd. |
19,500 |
891,709 |
Nippon
Shokubai Co. Ltd. |
13,900 |
557,274 |
Nippon
Steel Corp. |
134,700 |
2,876,845 |
Nippon
Telegraph & Telephone Corp. |
106,400 |
3,246,687 |
Nippon
Yusen KK (b) |
92,000 |
2,174,780 |
Nisshin
Seifun Group, Inc. |
45,400 |
550,314 |
Nissin
Foods Holdings Co. Ltd. |
24,800 |
2,391,020 |
Niterra
Co. Ltd. |
111,500 |
2,337,023 |
Nitto
Denko Corp. |
37,800 |
2,443,703 |
NOF
Corp. |
16,100 |
735,632 |
Nomura
Real Estate Holdings, Inc. |
131,100 |
3,266,885 |
Nomura
Real Estate Master Fund, Inc., REIT |
461 |
539,419 |
Obayashi
Corp. |
119,800 |
998,745 |
Ono
Pharmaceutical Co. Ltd. |
113,700 |
2,289,361 |
Open
House Group Co. Ltd. |
56,300 |
2,250,466 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
141
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Japan
— continued | ||
ORIX
Corp. |
126,800 |
2,157,188 |
Osaka
Gas Co. Ltd. |
183,000 |
3,027,041 |
Otsuka
Holdings Co. Ltd. |
80,600 |
2,742,074 |
Resona
Holdings, Inc. |
501,400 |
2,498,959 |
Rinnai
Corp. |
16,800 |
406,059 |
Rohto
Pharmaceutical Co. Ltd. |
26,000 |
539,424 |
Sankyo
Co. Ltd. |
39,900 |
1,760,242 |
Sapporo
Holdings Ltd. |
18,800 |
524,485 |
Sawai
Group Holdings Co. Ltd. |
23,100 |
668,412 |
SBI
Holdings, Inc. |
4,000 |
78,123 |
SCREEN
Holdings Co. Ltd. |
34,900 |
2,838,740 |
SCSK
Corp. |
54,700 |
825,851 |
Seiko
Epson Corp. |
75,800 |
1,159,265 |
Sekisui
Chemical Co. Ltd. |
54,900 |
781,362 |
Sekisui
House Ltd. |
86,400 |
1,776,268 |
Sekisui
House REIT, Inc., REIT (b) |
978 |
554,369 |
Shimamura
Co. Ltd. |
8,700 |
798,699 |
Shionogi
& Co. Ltd. |
49,000 |
2,193,463 |
Ship
Healthcare Holdings, Inc. |
24,200 |
426,884 |
Skylark
Holdings Co. Ltd. *
(b) |
71,100 |
953,968 |
SoftBank
Corp. |
276,400 |
3,111,936 |
SoftBank
Group Corp. |
55,500 |
2,081,384 |
Sojitz
Corp. |
155,020 |
3,264,957 |
Sugi
Holdings Co. Ltd. |
23,100 |
980,014 |
SUMCO
Corp. |
58,600 |
807,019 |
Sumitomo
Chemical Co. Ltd. |
765,400 |
2,586,457 |
Sumitomo
Mitsui Financial Group, Inc. |
61,100 |
2,497,379 |
Sumitomo
Pharma Co. Ltd. |
169,000 |
1,060,244 |
Suntory
Beverage & Food Ltd. |
79,400 |
2,989,045 |
Suzuken
Co. Ltd. |
24,100 |
685,903 |
Taisho
Pharmaceutical Holdings Co. Ltd. |
4,000 |
172,744 |
Takeda
Pharmaceutical Co. Ltd. |
99,900 |
3,312,601 |
Teijin
Ltd. |
88,200 |
985,101 |
TIS,
Inc. |
8,000 |
219,678 |
Toho
Gas Co. Ltd. |
40,700 |
761,513 |
Tohoku
Electric Power Co., Inc. * |
345,300 |
1,775,373 |
Tokyo
Electric Power Co. Holdings, Inc. * |
775,800 |
2,781,565 |
Tokyo
Electron Ltd. |
19,800 |
2,267,209 |
Tokyo
Gas Co. Ltd. |
167,800 |
3,437,053 |
Tokyo
Tatemono Co. Ltd. |
143,100 |
1,812,361 |
Tokyu
Fudosan Holdings Corp. |
257,700 |
1,307,775 |
Tosoh
Corp. |
102,800 |
1,373,438 |
Toyo
Suisan Kaisha Ltd. |
66,400 |
2,964,558 |
Toyota
Boshoku Corp. |
27,800 |
440,039 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
Japan
— continued | ||
Toyota
Industries Corp. |
1,500 |
87,177 |
Trend
Micro, Inc. |
33,200 |
1,622,268 |
Tsumura
& Co. |
53,100 |
1,077,476 |
UBE
Corp. |
86,600 |
1,373,771 |
Unicharm
Corp. |
27,600 |
1,114,210 |
United
Urban Investment Corp., REIT |
468 |
519,630 |
USS
Co. Ltd. |
100,900 |
1,695,523 |
Yakult
Honsha Co. Ltd. |
27,400 |
2,060,863 |
Yamada
Holdings Co. Ltd. |
453,800 |
1,581,371 |
Yamaguchi
Financial Group, Inc. |
7,700 |
47,345 |
Yamaha
Motor Co. Ltd. |
119,300 |
3,093,597 |
Yokohama
Rubber Co. Ltd. (The) |
70,300 |
1,528,364 |
Zeon
Corp. |
32,700 |
337,393 |
|
|
246,148,199 |
Jordan
— 0.4% | ||
Hikma
Pharmaceuticals plc |
129,103 |
2,990,125 |
Luxembourg
— 0.1% | ||
RTL
Group SA |
25,463 |
1,193,556 |
Mexico
— 0.1% | ||
Fresnillo
plc |
131,221 |
1,174,321 |
Netherlands
— 3.2% | ||
ASML
Holding NV |
2,709 |
1,719,166 |
ASR
Nederland NV |
57,882 |
2,545,804 |
BE
Semiconductor Industries NV (b) |
16,715 |
1,504,579 |
Heineken
Holding NV |
27,534 |
2,642,747 |
Heineken
NV |
9,718 |
1,115,871 |
Koninklijke
Ahold Delhaize NV |
99,102 |
3,407,589 |
Koninklijke
KPN NV |
915,955 |
3,340,382 |
NN
Group NV |
69,238 |
2,581,910 |
OCI
NV |
19,650 |
517,784 |
Shell
plc |
92,116 |
2,830,556 |
Wolters
Kluwer NV |
26,885 |
3,562,092 |
|
|
25,768,480 |
New
Zealand — 0.6% | ||
Fisher
& Paykel Healthcare Corp. Ltd. |
142,798 |
2,449,402 |
Spark
New Zealand Ltd. |
725,255 |
2,349,937 |
|
|
4,799,339 |
Norway
— 1.0% | ||
Aker
BP ASA |
15,540 |
371,496 |
DNB
Bank ASA (b) |
38,808 |
682,636 |
Equinor
ASA |
80,236 |
2,310,077 |
Mowi
ASA |
49,165 |
938,033 |
142
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Norway
— continued | ||
Norsk
Hydro ASA |
234,740 |
1,727,467 |
Orkla
ASA |
156,128 |
1,122,215 |
Salmar
ASA |
8,574 |
380,930 |
Telenor
ASA (b) |
77,545 |
967,618 |
|
|
8,500,472 |
Portugal
— 0.3% | ||
Jeronimo
Martins SGPS SA |
107,735 |
2,718,717 |
Russia
— 0.0% ^ | ||
Evraz
plc ‡
* |
393,430 |
20,243 |
Singapore
— 3.4% | ||
CapitaLand
Ascendas, REIT |
755,542 |
1,625,870 |
CapitaLand
Integrated Commercial Trust, REIT |
2,024,208 |
3,090,842 |
City
Developments Ltd. |
63,500 |
332,187 |
ComfortDelGro
Corp. Ltd. |
469,200 |
420,015 |
DBS
Group Holdings Ltd. |
119,900 |
2,962,725 |
Jardine
Cycle & Carriage Ltd. |
45,000 |
1,146,093 |
Keppel
Corp. Ltd. |
450,800 |
2,093,238 |
Mapletree
Pan Asia Commercial Trust, REIT |
389,500 |
515,951 |
Oversea-Chinese
Banking Corp. Ltd. |
251,400 |
2,378,468 |
Sembcorp
Industries Ltd. |
1,145,500 |
3,685,817 |
Singapore
Airlines Ltd. |
138,200 |
607,843 |
Singapore
Telecommunications Ltd. |
1,326,200 |
2,541,467 |
STMicroelectronics
NV |
27,413 |
1,172,648 |
Suntec,
REIT |
2,168,800 |
2,198,480 |
Venture
Corp. Ltd. |
208,400 |
2,662,469 |
|
|
27,434,113 |
South
Africa — 0.3% | ||
Anglo
American plc |
72,745 |
2,241,578 |
South
Korea — 6.4% | ||
Daewoo
Engineering & Construction Co. Ltd. * |
133,310 |
421,553 |
DL
Holdings Co. Ltd. |
11,795 |
437,045 |
E-MART,
Inc. |
5,268 |
385,288 |
F&F
Co. Ltd. |
7,399 |
782,888 |
GS
Engineering & Construction Corp. |
64,643 |
1,049,010 |
GS
Holdings Corp. |
11,695 |
347,477 |
GS
Retail Co. Ltd. |
37,011 |
737,236 |
Hana
Financial Group, Inc. |
85,026 |
2,671,828 |
Hanwha
Corp. |
24,601 |
499,620 |
Hanwha
Life Insurance Co. Ltd. * |
201,796 |
374,949 |
Hite
Jinro Co. Ltd. |
34,242 |
570,908 |
Hyundai
Department Store Co. Ltd. |
3,940 |
152,556 |
Hyundai
Mobis Co. Ltd. |
5,578 |
908,435 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
South
Korea — continued | ||
Industrial
Bank of Korea |
198,452 |
1,494,496 |
KB
Financial Group, Inc. |
72,867 |
2,704,548 |
Kia
Corp. |
44,603 |
2,824,856 |
Korea
Electric Power Corp. * |
40,771 |
569,221 |
Korea
Gas Corp. * |
59,204 |
1,187,810 |
Korea
Investment Holdings Co. Ltd. |
5,853 |
241,897 |
Korean
Air Lines Co. Ltd. |
51,290 |
879,812 |
KT&G
Corp. |
46,424 |
2,974,917 |
LG
Corp. |
40,988 |
2,682,729 |
LG
Innotek Co. Ltd. |
11,129 |
2,215,015 |
LG
Uplus Corp. |
132,303 |
1,091,284 |
Mirae
Asset Securities Co. Ltd. |
39,841 |
207,011 |
NAVER
Corp. |
9,628 |
1,394,860 |
NH
Investment & Securities Co. Ltd. |
58,917 |
412,499 |
NongShim
Co. Ltd. |
1,807 |
535,371 |
Orion
Corp. |
18,872 |
2,046,022 |
POSCO
Holdings, Inc. |
9,088 |
2,571,947 |
Samsung
Electronics Co. Ltd. |
59,995 |
2,952,000 |
Samsung
Engineering Co. Ltd. * |
48,206 |
1,052,196 |
Samsung
Fire & Marine Insurance Co. Ltd. |
3,949 |
664,325 |
Samsung
Securities Co. Ltd. |
31,820 |
807,743 |
SK
Hynix, Inc. |
46,133 |
3,103,989 |
SK
Square Co. Ltd. * |
25,946 |
826,880 |
SK
Telecom Co. Ltd. |
52,833 |
1,882,627 |
Woori
Financial Group, Inc. |
311,477 |
2,739,519 |
Yuhan
Corp. |
68,257 |
2,943,209 |
|
|
52,345,576 |
Spain
— 2.5% | ||
Acciona
SA * |
11,406 |
2,113,405 |
Corp.
ACCIONA Energias Renovables SA * |
10,131 |
363,775 |
Enagas
SA |
81,298 |
1,627,642 |
Endesa
SA |
148,229 |
3,325,180 |
Iberdrola
SA |
278,012 |
3,602,508 |
Merlin
Properties Socimi SA, REIT |
100,230 |
886,214 |
Naturgy
Energy Group SA |
104,524 |
3,254,489 |
Red
Electrica Corp. SA |
98,543 |
1,791,643 |
Repsol
SA |
109,714 |
1,611,666 |
Telefonica
SA |
306,341 |
1,391,459 |
|
|
19,967,981 |
Sweden
— 2.4% | ||
Boliden
AB *
(b) |
72,778 |
2,600,860 |
Castellum
AB (b) |
124,176 |
1,509,497 |
Getinge
AB, Class B |
38,712 |
982,545 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
143
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
Sweden
— continued | ||
H
& M Hennes & Mauritz AB, Class B (b) |
75,655 |
1,109,162 |
Hexagon
AB, Class B |
215,470 |
2,467,069 |
Investor
AB, Class B |
37,164 |
798,400 |
Sagax
AB, Class B |
44,089 |
1,081,449 |
Securitas
AB, Class B |
227,249 |
2,036,900 |
Skanska
AB, Class B |
66,245 |
1,083,534 |
Tele2
AB, Class B |
255,655 |
2,716,632 |
Telia
Co. AB |
343,367 |
955,992 |
Trelleborg
AB, Class B |
71,826 |
1,804,852 |
|
|
19,146,892 |
Switzerland
— 1.5% | ||
Kuehne
+ Nagel International AG
(Registered) (b) |
3,849 |
1,140,290 |
Novartis
AG (Registered) |
34,181 |
3,496,508 |
Sonova
Holding AG (Registered) |
8,587 |
2,723,164 |
Swiss
Prime Site AG (Registered) |
13,013 |
1,177,932 |
Swisscom
AG (Registered) |
5,070 |
3,480,812 |
|
|
12,018,706 |
United
Kingdom — 15.8% | ||
3i
Group plc |
161,657 |
3,596,712 |
abrdn
plc |
461,304 |
1,236,170 |
Admiral
Group plc |
44,648 |
1,297,655 |
Ashtead
Group plc |
3,957 |
228,145 |
Associated
British Foods plc |
113,288 |
2,791,254 |
AstraZeneca
plc |
24,446 |
3,597,546 |
Auto
Trader Group plc (a) |
330,863 |
2,645,903 |
Aviva
plc |
457,505 |
2,435,912 |
B&M
European Value Retail SA |
341,967 |
2,064,438 |
BAE
Systems plc |
290,590 |
3,702,112 |
Barratt
Developments plc |
74,996 |
471,831 |
BP
plc |
284,520 |
1,908,843 |
British
American Tobacco plc |
82,589 |
3,051,316 |
British
Land Co. plc (The), REIT |
498,336 |
2,510,738 |
BT
Group plc |
1,538,891 |
3,073,614 |
Bunzl
plc |
66,318 |
2,639,926 |
Burberry
Group plc |
67,768 |
2,212,082 |
Centrica
plc |
2,525,890 |
3,629,581 |
CK
Hutchison Holdings Ltd. |
154,042 |
1,029,837 |
ConvaTec
Group plc (a) |
989,335 |
2,735,089 |
Croda
International plc |
21,146 |
1,857,876 |
Dechra
Pharmaceuticals plc |
989 |
46,425 |
Derwent
London plc, REIT |
69,058 |
2,084,866 |
Diageo
plc |
67,687 |
3,087,618 |
Direct
Line Insurance Group plc |
645,030 |
1,394,198 |
INVESTMENTS |
SHARES |
VALUE($) |
| ||
United
Kingdom — continued | ||
DS
Smith plc |
188,092 |
734,361 |
HSBC
Holdings plc |
431,018 |
3,106,497 |
IMI
plc |
105,077 |
2,108,249 |
Imperial
Brands plc |
131,625 |
3,258,258 |
Informa
plc |
234,245 |
2,129,540 |
InterContinental
Hotels Group plc |
25,338 |
1,742,157 |
Intertek
Group plc |
22,120 |
1,157,190 |
J
Sainsbury plc |
873,241 |
3,034,517 |
Johnson
Matthey plc |
63,467 |
1,567,868 |
Land
Securities Group plc, REIT |
312,473 |
2,651,594 |
Legal
& General Group plc |
978,635 |
2,887,485 |
M&G
plc |
371,423 |
959,957 |
National
Grid plc |
41,834 |
599,813 |
NatWest
Group plc |
606,256 |
1,997,067 |
Next
plc |
31,534 |
2,675,559 |
Pearson
plc |
275,043 |
3,060,070 |
Phoenix
Group Holdings plc |
201,655 |
1,502,441 |
Rentokil
Initial plc |
126,437 |
1,006,597 |
Rightmove
plc |
430,743 |
3,117,750 |
Sage
Group plc (The) |
255,720 |
2,637,224 |
Segro
plc, REIT |
79,591 |
837,929 |
Severn
Trent plc |
56,263 |
2,072,368 |
Smith
& Nephew plc |
79,835 |
1,314,864 |
Smiths
Group plc |
148,472 |
3,139,389 |
SSE
plc |
152,203 |
3,511,805 |
St.
James's Place plc |
8,929 |
135,793 |
Standard
Chartered plc |
137,548 |
1,089,811 |
Tate
& Lyle plc |
266,332 |
2,730,928 |
Taylor
Wimpey plc |
284,325 |
458,863 |
Tesco
plc |
949,169 |
3,355,742 |
Unilever
plc |
58,128 |
3,236,691 |
UNITE
Group plc (The), REIT |
62,959 |
759,681 |
United
Utilities Group plc |
259,169 |
3,520,675 |
Vodafone
Group plc |
2,099,109 |
2,521,295 |
WPP
plc |
235,639 |
2,746,236 |
|
|
128,695,951 |
United
States — 2.4% | ||
CSL
Ltd. |
14,891 |
2,972,791 |
Ferguson
plc |
21,625 |
3,055,570 |
GSK
plc |
182,700 |
3,294,659 |
Haleon
plc |
799,069 |
3,513,266 |
Roche
Holding AG |
8,813 |
2,759,705 |
Sanofi |
12,103 |
1,304,319 |
144
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE($) |
Common
Stocks — continued | ||
United
States — continued | ||
Schneider
Electric SE |
7,551 |
1,316,833 |
Sims
Ltd. |
136,234 |
1,427,698 |
|
|
19,644,841 |
Total
Common Stocks
(Cost
$797,656,875) |
|
807,673,422 |
Short-Term
Investments — 1.8% | ||
Investment
Companies — 0.1% | ||
JPMorgan
Prime Money Market Fund Class IM
Shares,
4.95% (c)
(d)(Cost
$569,151) |
568,980 |
569,151 |
Investment
of Cash Collateral from Securities Loaned — 1.7% | ||
JPMorgan
Securities Lending Money Market
Fund
Agency SL Class Shares, 5.01% (c)
(d) |
12,256,626 |
12,257,852 |
JPMorgan
U.S. Government Money Market Fund
Class
IM Shares, 4.78% (c)
(d) |
1,627,904 |
1,627,904 |
Total
Investment of Cash Collateral from
Securities
Loaned
(Cost
$13,887,359) |
|
13,885,756 |
Total
Short-Term Investments
(Cost
$14,456,510) |
|
14,454,907 |
Total
Investments — 100.9%
(Cost
$812,113,385) |
|
822,128,329 |
Liabilities
in Excess of Other Assets — (0.9)% |
|
(7,156,336
) |
NET
ASSETS — 100.0% |
|
814,971,993 |
Percentages
indicated are based on net
assets. |
Abbreviations |
|
APAC |
Asia
Pacific |
OYJ |
Public
Limited Company |
REIT |
Real
Estate Investment Trust |
SGPS |
Holding
company |
^ |
Amount
rounds to less than 0.1% of net assets. | |
‡ |
Value
determined using significant unobservable
inputs. |
|
* |
Non-income
producing security.
|
|
(a) |
Security
exempt from registration pursuant to
Regulation
S under the Securities Act of 1933, as
amended.
Regulation S applies to securities offerings
that
are made outside of the United States and do not
involve
direct selling efforts in the United States and
as
such may have restrictions on resale. |
|
(b) |
The
security or a portion of this security is on loan at
April
30, 2023. The total value of securities on loan at
April
30, 2023 is $13,213,390. |
|
(c) |
Investment
in an affiliated fund, which is registered
under
the Investment Company Act of 1940, as
amended,
and is advised by J.P. Morgan Investment
Management
Inc. |
|
(d) |
The
rate shown is the current yield as of April 30,
2023. |
|
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
145
|
INDUSTRY |
PERCENT
OF
TOTAL
INVESTMENTS |
Pharmaceuticals |
6.3
% |
Electric
Utilities |
5.0 |
Diversified
Telecommunication Services |
4.8 |
Metals
& Mining |
4.6 |
Oil,
Gas & Consumable Fuels |
4.4 |
Food
Products |
4.2 |
Banks |
4.1 |
Consumer
Staples Distribution & Retail |
3.9 |
Beverages |
3.5 |
Chemicals |
3.1 |
Insurance |
3.1 |
Real
Estate Management & Development |
3.0 |
Trading
Companies & Distributors |
2.5 |
Gas
Utilities |
2.3 |
Diversified
REITs |
1.9 |
Semiconductors
& Semiconductor Equipment |
1.9 |
Health
Care Equipment & Supplies |
1.9 |
Wireless
Telecommunication Services |
1.9 |
Multi-Utilities |
1.7 |
Construction
& Engineering |
1.7 |
Technology
Hardware, Storage & Peripherals |
1.7 |
Health
Care Providers & Services |
1.6 |
Tobacco |
1.5 |
Industrial
Conglomerates |
1.4 |
Retail
REITs |
1.4 |
Software |
1.3 |
Electronic
Equipment, Instruments & Components |
1.3 |
Automobiles |
1.2 |
Media |
1.2 |
Specialty
Retail |
1.2 |
Broadline
Retail |
1.1 |
Capital
Markets |
1.1 |
Hotels,
Restaurants & Leisure |
1.0 |
Office
REITs |
1.0 |
Others
(each less than 1.0%) |
14.4 |
Short-Term
Investments |
1.8 |
146
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
DESCRIPTION |
NUMBER
OF
CONTRACTS |
EXPIRATION
DATE |
TRADING
CURRENCY |
NOTIONAL
AMOUNT
($) |
VALUE
AND
UNREALIZED
APPRECIATION
(DEPRECIATION)
($) |
Long
Contracts |
|
|
|
|
|
MSCI
EAFE E-Mini Index |
50 |
06/16/2023 |
USD |
5,375,500 |
242,489 |
Abbreviations |
|
EAFE |
Europe,
Australasia and Far East |
MSCI |
Morgan
Stanley Capital International |
USD |
United
States Dollar |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
147
|
INVESTMENTS |
SHARES |
VALUE
($) |
Common
Stocks — 99.8% | ||
Aerospace
& Defense — 0.8% | ||
General
Dynamics Corp. |
8,191 |
1,788,423 |
L3Harris
Technologies, Inc. |
1,632 |
318,485 |
Lockheed
Martin Corp. |
4,240 |
1,969,268 |
|
|
4,076,176 |
Automobiles
& Parts — 0.6% | ||
Ford
Motor Co. |
108,235 |
1,285,832 |
Gentex
Corp. |
57,307 |
1,581,100 |
|
|
2,866,932 |
Banks
— 1.6% | ||
Bank
of America Corp. |
40,069 |
1,173,220 |
Bank
of Hawaii Corp. |
3,884 |
188,102 |
Citizens
Financial Group, Inc. |
9,345 |
289,134 |
Discover
Financial Services |
8,910 |
921,918 |
Fifth
Third Bancorp |
41,799 |
1,095,134 |
Huntington
Bancshares, Inc. |
108,515 |
1,215,368 |
KeyCorp |
20,170 |
227,114 |
Popular,
Inc. (Puerto Rico) (a) |
13,454 |
807,374 |
Regions
Financial Corp. |
23,207 |
423,760 |
Truist
Financial Corp. |
29,332 |
955,637 |
US
Bancorp |
13,536 |
464,014 |
|
|
7,760,775 |
Beverages
— 2.9% | ||
Brown-Forman
Corp., Class B |
22,379 |
1,456,649 |
Coca-Cola
Co. (The) |
34,470 |
2,211,251 |
Constellation
Brands, Inc., Class A |
9,053 |
2,077,392 |
Keurig
Dr Pepper, Inc. |
54,089 |
1,768,710 |
Molson
Coors Beverage Co., Class B |
38,319 |
2,279,214 |
Monster
Beverage Corp. * |
40,183 |
2,250,248 |
PepsiCo,
Inc. |
11,834 |
2,258,992 |
|
|
14,302,456 |
Chemicals
— 4.2% | ||
Ashland,
Inc. |
17,845 |
1,813,230 |
Celanese
Corp. |
11,750 |
1,248,320 |
CF
Industries Holdings, Inc. |
23,456 |
1,678,981 |
Chemours
Co. (The) |
47,761 |
1,388,412 |
Dow,
Inc. |
34,676 |
1,886,374 |
Eastman
Chemical Co. |
16,709 |
1,408,067 |
Element
Solutions, Inc. |
70,990 |
1,288,469 |
FMC
Corp. |
8,670 |
1,071,439 |
Huntsman
Corp. |
66,464 |
1,780,571 |
LyondellBasell
Industries NV, Class A |
20,792 |
1,967,131 |
Mosaic
Co. (The) |
35,544 |
1,523,060 |
INVESTMENTS |
SHARES |
VALUE
($) |
| ||
Chemicals
— continued | ||
NewMarket
Corp. |
1,092 |
436,363 |
Olin
Corp. |
33,575 |
1,860,055 |
Westlake
Corp. |
16,225 |
1,846,081 |
|
|
21,196,553 |
Construction
& Materials — 1.7% | ||
A
O Smith Corp. (a) |
25,227 |
1,722,752 |
Carrier
Global Corp. |
8,032 |
335,898 |
Eagle
Materials, Inc. |
4,164 |
617,146 |
Fortune
Brands Innovations, Inc. |
8,739 |
565,326 |
Louisiana-Pacific
Corp. |
29,629 |
1,770,037 |
Masco
Corp. |
25,571 |
1,368,304 |
Masterbrand,
Inc. * |
11,096 |
89,545 |
Quanta
Services, Inc. |
12,394 |
2,102,518 |
|
|
8,571,526 |
Consumer
Services — 0.6% | ||
Grand
Canyon Education, Inc. * |
3,121 |
370,463 |
H&R
Block, Inc. (a) |
48,734 |
1,652,570 |
Service
Corp. International |
13,082 |
918,225 |
|
|
2,941,258 |
Electricity
— 7.9% | ||
AES
Corp. (The) |
32,804 |
776,143 |
Alliant
Energy Corp. |
10,011 |
552,007 |
American
Electric Power Co., Inc. |
23,004 |
2,126,030 |
Avangrid,
Inc. (a) |
24,489 |
985,927 |
CMS
Energy Corp. |
1,293 |
80,502 |
Consolidated
Edison, Inc. |
22,586 |
2,224,043 |
Constellation
Energy Corp. |
19,202 |
1,486,235 |
DTE
Energy Co. |
15,507 |
1,743,142 |
Edison
International |
30,437 |
2,240,163 |
Entergy
Corp. |
19,235 |
2,069,301 |
Evergy,
Inc. |
34,432 |
2,138,571 |
Exelon
Corp. |
49,562 |
2,103,411 |
FirstEnergy
Corp. |
51,200 |
2,037,760 |
Hawaiian
Electric Industries, Inc. |
26,572 |
1,041,888 |
IDACORP,
Inc. |
15,275 |
1,697,358 |
NRG
Energy, Inc. |
48,010 |
1,640,502 |
OGE
Energy Corp. |
52,224 |
1,960,489 |
PG&E
Corp. * |
125,359 |
2,144,892 |
Pinnacle
West Capital Corp. |
26,817 |
2,104,062 |
PPL
Corp. |
73,786 |
2,119,134 |
Southern
Co. (The) |
31,616 |
2,325,357 |
148
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE
($) |
Common
Stocks — continued | ||
Electricity
— continued | ||
Vistra
Corp. |
83,189 |
1,984,890 |
Xcel
Energy, Inc. |
30,592 |
2,138,687 |
|
|
39,720,494 |
Electronic
& Electrical Equipment — 0.8% | ||
AMETEK,
Inc. |
8,170 |
1,126,888 |
Emerson
Electric Co. |
7,782 |
647,929 |
Hubbell,
Inc. |
4,789 |
1,289,774 |
IDEX
Corp. |
3,953 |
815,583 |
|
|
3,880,174 |
Finance
& Credit Services — 0.4% | ||
Ally
Financial, Inc. |
42,688 |
1,126,109 |
FactSet
Research Systems, Inc. |
620 |
255,248 |
OneMain
Holdings, Inc. (a) |
12,633 |
484,728 |
|
|
1,866,085 |
Food
Producers — 7.1% | ||
Archer-Daniels-Midland
Co. |
24,932 |
1,946,691 |
Bunge
Ltd. |
19,291 |
1,805,638 |
Campbell
Soup Co. |
39,094 |
2,122,804 |
Conagra
Brands, Inc. |
57,185 |
2,170,743 |
Corteva,
Inc. |
31,727 |
1,939,154 |
Darling
Ingredients, Inc. * |
23,972 |
1,428,012 |
Flowers
Foods, Inc. |
72,255 |
1,987,735 |
General
Mills, Inc. |
25,742 |
2,281,513 |
Hershey
Co. (The) |
8,600 |
2,348,316 |
Hormel
Foods Corp. |
48,595 |
1,965,182 |
Ingredion,
Inc. |
17,917 |
1,902,248 |
J
M Smucker Co. (The) |
13,403 |
2,069,557 |
Kellogg
Co. |
30,930 |
2,157,986 |
Kraft
Heinz Co. (The) |
51,789 |
2,033,754 |
Lamb
Weston Holdings, Inc. |
20,091 |
2,246,375 |
Mondelez
International, Inc., Class A |
31,213 |
2,394,661 |
Pilgrim's
Pride Corp. * |
21,568 |
491,966 |
Post
Holdings, Inc. * |
22,000 |
1,990,780 |
|
|
35,283,115 |
Gas,
Water & Multi-utilities — 3.4% | ||
Ameren
Corp. |
21,482 |
1,911,253 |
Atmos
Energy Corp. |
13,450 |
1,535,183 |
CenterPoint
Energy, Inc. |
66,827 |
2,036,219 |
Duke
Energy Corp. |
18,665 |
1,845,595 |
National
Fuel Gas Co. |
30,051 |
1,679,851 |
NiSource,
Inc. |
74,028 |
2,106,837 |
Sempra
Energy |
12,512 |
1,945,491 |
INVESTMENTS |
SHARES |
VALUE
($) |
| ||
Gas,
Water & Multi-utilities — continued | ||
UGI
Corp. |
53,558 |
1,814,545 |
WEC
Energy Group, Inc. |
22,865 |
2,198,927 |
|
|
17,073,901 |
General
Industrials — 2.0% | ||
Carlisle
Cos., Inc. |
2,279 |
491,922 |
Eaton
Corp. plc |
11,395 |
1,904,332 |
Honeywell
International, Inc. |
4,971 |
993,405 |
Illinois
Tool Works, Inc. |
7,606 |
1,840,196 |
ITT,
Inc. |
9,780 |
825,823 |
Packaging
Corp. of America |
7,810 |
1,056,381 |
Parker-Hannifin
Corp. |
3,533 |
1,147,801 |
RPM
International, Inc. |
19,643 |
1,611,315 |
Sonoco
Products Co. |
1,058 |
64,136 |
|
|
9,935,311 |
Health
Care Providers — 2.7% | ||
Chemed
Corp. |
1,651 |
910,114 |
Cigna
Group (The) |
6,495 |
1,645,118 |
DaVita,
Inc. * |
14,305 |
1,292,600 |
Elevance
Health, Inc. |
3,938 |
1,845,544 |
HCA
Healthcare, Inc. |
8,040 |
2,310,133 |
Humana,
Inc. |
749 |
397,337 |
IQVIA
Holdings, Inc. * |
3,742 |
704,357 |
Molina
Healthcare, Inc. * |
2,540 |
756,640 |
UnitedHealth
Group, Inc. |
3,872 |
1,905,372 |
Universal
Health Services, Inc., Class B |
11,279 |
1,695,798 |
|
|
13,463,013 |
Household
Goods & Home Construction — 1.1% | ||
Leggett
& Platt, Inc. (a) |
16,877 |
545,296 |
Lennar
Corp., Class A |
19,674 |
2,219,424 |
NVR,
Inc. * |
164 |
957,760 |
PulteGroup,
Inc. |
968 |
65,001 |
Toll
Brothers, Inc. |
5,282 |
337,573 |
Whirlpool
Corp. |
8,678 |
1,211,362 |
|
|
5,336,416 |
Industrial
Engineering — 0.6% | ||
Caterpillar,
Inc. |
4,532 |
991,602 |
Cummins,
Inc. |
7,287 |
1,712,737 |
Otis
Worldwide Corp. |
4,528 |
386,238 |
|
|
3,090,577 |
Industrial
Materials — 0.2% | ||
International
Paper Co. |
35,955 |
1,190,470 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
149
|
INVESTMENTS |
SHARES |
VALUE
($) |
Common
Stocks — continued | ||
Industrial
Metals & Mining — 2.5% | ||
Cleveland-Cliffs,
Inc. * |
82,693 |
1,271,818 |
Freeport-McMoRan,
Inc. |
46,260 |
1,753,717 |
Nucor
Corp. |
11,338 |
1,680,065 |
Reliance
Steel & Aluminum Co. |
7,672 |
1,901,122 |
Southern
Copper Corp. (Mexico) |
23,621 |
1,814,801 |
Steel
Dynamics, Inc. |
14,859 |
1,544,593 |
Timken
Co. (The) |
10,774 |
827,982 |
United
States Steel Corp. |
64,431 |
1,474,181 |
|
|
12,268,279 |
Industrial
Support Services — 2.1% | ||
Accenture
plc, Class A |
6,214 |
1,741,722 |
Booz
Allen Hamilton Holding Corp. |
12,711 |
1,216,697 |
Capital
One Financial Corp. |
15,140 |
1,473,122 |
MSC
Industrial Direct Co., Inc., Class A |
8,153 |
739,722 |
Robert
Half International, Inc. |
18,277 |
1,334,221 |
Synchrony
Financial |
49,853 |
1,471,162 |
Western
Union Co. (The) |
64,103 |
700,646 |
WW
Grainger, Inc. |
2,899 |
2,016,457 |
|
|
10,693,749 |
Industrial
Transportation — 1.3% | ||
Allison
Transmission Holdings, Inc. |
13,681 |
667,496 |
CSX
Corp. |
22,578 |
691,790 |
Norfolk
Southern Corp. |
4,163 |
845,214 |
PACCAR,
Inc. |
3,415 |
255,066 |
Ryder
System, Inc. |
6,175 |
488,813 |
Schneider
National, Inc., Class B |
8,685 |
227,287 |
Union
Pacific Corp. |
6,842 |
1,338,979 |
United
Parcel Service, Inc., Class B |
10,383 |
1,866,967 |
|
|
6,381,612 |
Investment
Banking & Brokerage Services — 1.4% | ||
Ameriprise
Financial, Inc. |
3,138 |
957,467 |
Jefferies
Financial Group, Inc. |
24,661 |
789,892 |
Morgan
Stanley |
20,592 |
1,852,662 |
Nasdaq,
Inc. |
11,422 |
632,436 |
Raymond
James Financial, Inc. |
7,164 |
648,557 |
State
Street Corp. |
22,362 |
1,615,878 |
Virtu
Financial, Inc., Class A |
33,301 |
667,685 |
|
|
7,164,577 |
Leisure
Goods — 0.7% | ||
Activision
Blizzard, Inc. * |
15,565 |
1,209,556 |
Electronic
Arts, Inc. |
6,570 |
836,230 |
INVESTMENTS |
SHARES |
VALUE
($) |
| ||
Leisure
Goods — continued | ||
Garmin
Ltd. |
12,463 |
1,223,493 |
Harley-Davidson,
Inc. |
5,092 |
188,913 |
|
|
3,458,192 |
Life
Insurance — 1.2% | ||
Aflac,
Inc. |
21,703 |
1,515,955 |
Globe
Life, Inc. |
5,185 |
562,676 |
MetLife,
Inc. |
8,429 |
516,951 |
Principal
Financial Group, Inc. |
19,609 |
1,464,596 |
Prudential
Financial, Inc. |
4,498 |
391,326 |
Unum
Group |
39,140 |
1,651,708 |
|
|
6,103,212 |
Media
— 0.8% | ||
Interpublic
Group of Cos., Inc. (The) |
51,852 |
1,852,672 |
Nexstar
Media Group, Inc. |
11,047 |
1,916,102 |
|
|
3,768,774 |
Medical
Equipment & Services — 4.1% | ||
Abbott
Laboratories |
16,794 |
1,855,233 |
Becton
Dickinson & Co. |
5,134 |
1,356,968 |
Bio-Techne
Corp. |
4,305 |
343,883 |
Danaher
Corp. |
7,084 |
1,678,270 |
Hologic,
Inc. * |
21,086 |
1,813,607 |
Laboratory
Corp. of America Holdings |
7,273 |
1,648,862 |
Medtronic
plc |
16,695 |
1,518,410 |
PerkinElmer,
Inc. |
10,803 |
1,409,684 |
Quest
Diagnostics, Inc. |
12,914 |
1,792,592 |
QuidelOrtho
Corp. * |
8,543 |
768,443 |
STERIS
plc |
7,039 |
1,327,203 |
Stryker
Corp. |
4,661 |
1,396,669 |
Thermo
Fisher Scientific, Inc. |
3,437 |
1,907,191 |
West
Pharmaceutical Services, Inc. |
4,848 |
1,751,292 |
|
|
20,568,307 |
Mortgage
Real Estate Investment Trusts — 0.4% | ||
Rithm
Capital Corp. |
86,205 |
703,433 |
Starwood
Property Trust, Inc. (a) |
59,770 |
1,069,285 |
|
|
1,772,718 |
Non-life
Insurance — 2.6% | ||
Allstate
Corp. (The) |
6,038 |
698,959 |
American
Financial Group, Inc. |
5,976 |
733,434 |
Aon
plc, Class A |
6,550 |
2,129,929 |
Chubb
Ltd. |
5,767 |
1,162,396 |
Fidelity
National Financial, Inc. |
33,531 |
1,190,015 |
Hanover
Insurance Group, Inc. (The) |
3,210 |
383,788 |
150
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE
($) |
Common
Stocks — continued | ||
Non-life
Insurance — continued | ||
Hartford
Financial Services Group, Inc. (The) |
26,084 |
1,851,703 |
Marsh
& McLennan Cos., Inc. |
9,630 |
1,735,230 |
Old
Republic International Corp. |
14,011 |
354,058 |
Progressive
Corp. (The) |
13,899 |
1,895,824 |
WR
Berkley Corp. |
18,306 |
1,078,590 |
|
|
13,213,926 |
Non-Renewable
Energy — 4.9% | ||
Antero
Midstream Corp. |
160,191 |
1,723,655 |
Chevron
Corp. |
8,811 |
1,485,358 |
Coterra
Energy, Inc. |
76,727 |
1,964,211 |
Devon
Energy Corp. |
27,167 |
1,451,533 |
DT
Midstream, Inc. |
7,263 |
357,848 |
EOG
Resources, Inc. |
13,717 |
1,638,770 |
EQT
Corp. |
58,835 |
2,049,812 |
Exxon
Mobil Corp. |
17,915 |
2,120,061 |
HF
Sinclair Corp. |
34,027 |
1,500,931 |
Marathon
Oil Corp. |
64,752 |
1,564,408 |
Marathon
Petroleum Corp. |
15,138 |
1,846,836 |
Occidental
Petroleum Corp. |
10,539 |
648,465 |
Pioneer
Natural Resources Co. |
7,362 |
1,601,603 |
Targa
Resources Corp. |
25,512 |
1,926,921 |
Texas
Pacific Land Corp. |
617 |
911,710 |
Valero
Energy Corp. |
14,316 |
1,641,616 |
Vitesse
Energy, Inc. (a) |
2,963 |
54,519 |
Williams
Cos., Inc. (The) |
2,476 |
74,924 |
|
|
24,563,181 |
Personal
Care, Drug & Grocery Stores — 4.6% | ||
Albertsons
Cos., Inc., Class A |
100,647 |
2,103,522 |
AmerisourceBergen
Corp. |
13,122 |
2,189,406 |
Casey's
General Stores, Inc. |
9,613 |
2,199,647 |
Clorox
Co. (The) |
13,151 |
2,178,069 |
Colgate-Palmolive
Co. |
26,771 |
2,136,326 |
CVS
Health Corp. |
21,048 |
1,543,029 |
Kimberly-Clark
Corp. |
16,204 |
2,347,798 |
Kroger
Co. (The) |
41,534 |
2,019,798 |
McKesson
Corp. |
5,847 |
2,129,711 |
Olaplex
Holdings, Inc. * |
17,317 |
64,073 |
Procter
& Gamble Co. (The) |
13,877 |
2,170,085 |
Spectrum
Brands Holdings, Inc. |
1,115 |
74,147 |
Walgreens
Boots Alliance, Inc. |
49,617 |
1,748,999 |
|
|
22,904,610 |
Personal
Goods — 0.5% | ||
Carter's,
Inc. (a) |
3,083 |
215,101 |
INVESTMENTS |
SHARES |
VALUE
($) |
| ||
Personal
Goods — continued | ||
Estee
Lauder Cos., Inc. (The), Class A |
6,538 |
1,613,055 |
NIKE,
Inc., Class B |
4,945 |
626,631 |
|
|
2,454,787 |
Pharmaceuticals,
Biotechnology & Marijuana Producers — 5.7% | ||
AbbVie,
Inc. |
12,943 |
1,955,946 |
Amgen,
Inc. |
7,246 |
1,737,156 |
Bristol-Myers
Squibb Co. |
26,091 |
1,742,096 |
Cardinal
Health, Inc. |
26,633 |
2,186,569 |
Eli
Lilly & Co. |
5,580 |
2,208,899 |
Gilead
Sciences, Inc. |
23,749 |
1,952,405 |
Incyte
Corp. * |
17,408 |
1,295,329 |
Johnson
& Johnson |
11,925 |
1,952,122 |
Merck
& Co., Inc. |
19,248 |
2,222,567 |
Moderna,
Inc. * |
7,598 |
1,009,698 |
Pfizer,
Inc. |
41,586 |
1,617,280 |
Regeneron
Pharmaceuticals, Inc. * |
2,563 |
2,054,988 |
United
Therapeutics Corp. * |
7,389 |
1,700,431 |
Vertex
Pharmaceuticals, Inc. * |
6,715 |
2,288,002 |
Viatris,
Inc. |
107,883 |
1,006,548 |
Zoetis,
Inc. |
9,569 |
1,682,039 |
|
|
28,612,075 |
Precious
Metals & Mining — 0.2% | ||
Newmont
Corp. |
26,087 |
1,236,524 |
Real
Estate Investment & Services — 0.6% | ||
CBRE
Group, Inc., Class A * |
20,483 |
1,570,227 |
Jones
Lang LaSalle, Inc. * |
9,402 |
1,307,254 |
|
|
2,877,481 |
Real
Estate Investment Trusts — 7.5% | ||
American
Tower Corp. |
4,731 |
966,969 |
Brixmor
Property Group, Inc. |
57,646 |
1,229,589 |
Camden
Property Trust |
9,927 |
1,092,466 |
Crown
Castle, Inc. |
9,380 |
1,154,584 |
CubeSmart |
17,266 |
785,430 |
Extra
Space Storage, Inc. (a) |
9,870 |
1,500,635 |
First
Industrial Realty Trust, Inc. |
10,126 |
531,311 |
Gaming
and Leisure Properties, Inc. |
36,977 |
1,922,804 |
Host
Hotels & Resorts, Inc. |
108,656 |
1,756,968 |
Iron
Mountain, Inc. |
36,961 |
2,041,726 |
Kimco
Realty Corp. |
72,841 |
1,397,819 |
Lamar
Advertising Co., Class A |
19,008 |
2,008,766 |
Life
Storage, Inc. |
10,981 |
1,475,627 |
Mid-America
Apartment Communities, Inc. |
8,893 |
1,367,743 |
National
Retail Properties, Inc. |
15,252 |
663,462 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
151
|
INVESTMENTS |
SHARES |
VALUE
($) |
Common
Stocks — continued | ||
Real
Estate Investment Trusts — continued | ||
Omega
Healthcare Investors, Inc. (a) |
67,352 |
1,802,340 |
Prologis,
Inc. |
15,949 |
1,997,612 |
Public
Storage |
6,635 |
1,956,197 |
Rayonier,
Inc. |
4,773 |
149,681 |
Regency
Centers Corp. |
10,311 |
633,405 |
Simon
Property Group, Inc. |
14,482 |
1,641,100 |
Spirit
Realty Capital, Inc. |
25,635 |
985,922 |
Ventas,
Inc. |
26,347 |
1,265,973 |
VICI
Properties, Inc. |
59,264 |
2,011,420 |
Welltower,
Inc. |
20,693 |
1,639,300 |
Weyerhaeuser
Co. |
63,108 |
1,887,560 |
WP
Carey, Inc. |
24,539 |
1,820,794 |
|
|
37,687,203 |
Retailers
— 3.5% | ||
AutoZone,
Inc. * |
750 |
1,997,482 |
Best
Buy Co., Inc. |
15,888 |
1,183,974 |
Dick's
Sporting Goods, Inc. |
15,516 |
2,249,975 |
Kohl's
Corp. (a) |
2,424 |
53,401 |
Lowe's
Cos., Inc. |
9,158 |
1,903,307 |
Macy's,
Inc. |
80,345 |
1,312,837 |
O'Reilly
Automotive, Inc. * |
2,383 |
2,185,950 |
Penske
Automotive Group, Inc. (a) |
12,677 |
1,756,779 |
Target
Corp. |
8,134 |
1,283,138 |
Tractor
Supply Co. |
8,904 |
2,122,714 |
Williams-Sonoma,
Inc. |
11,703 |
1,416,531 |
|
|
17,466,088 |
Software
& Computer Services — 4.4% | ||
Alphabet,
Inc., Class A * |
3,083 |
330,929 |
Amdocs
Ltd. |
16,348 |
1,491,755 |
CACI
International, Inc., Class A * |
1,777 |
556,770 |
Cadence
Design Systems, Inc. * |
10,435 |
2,185,611 |
Cognizant
Technology Solutions Corp., Class A |
28,660 |
1,711,289 |
Concentrix
Corp. |
378 |
36,481 |
Dolby
Laboratories, Inc., Class A |
4,871 |
407,654 |
Gartner,
Inc. * |
3,760 |
1,137,250 |
Gen
Digital, Inc. |
11,696 |
206,668 |
Hewlett
Packard Enterprise Co. |
113,489 |
1,625,162 |
International
Business Machines Corp. |
12,840 |
1,623,104 |
Intuit,
Inc. |
3,523 |
1,564,036 |
Leidos
Holdings, Inc. |
2,402 |
224,011 |
Meta
Platforms, Inc., Class A * |
7,572 |
1,819,703 |
Microsoft
Corp. |
8,213 |
2,523,526 |
Oracle
Corp. |
23,008 |
2,179,318 |
INVESTMENTS |
SHARES |
VALUE
($) |
| ||
Software
& Computer Services — continued | ||
Roper
Technologies, Inc. |
2,733 |
1,242,914 |
Science
Applications International Corp. |
3,950 |
403,018 |
SS&C
Technologies Holdings, Inc. |
14,695 |
860,245 |
|
|
22,129,444 |
Technology
Hardware & Equipment — 4.7% | ||
Amphenol
Corp., Class A |
20,058 |
1,513,777 |
Analog
Devices, Inc. |
10,867 |
1,954,756 |
Apple,
Inc. |
13,912 |
2,360,588 |
Applied
Materials, Inc. |
15,904 |
1,797,629 |
Broadcom,
Inc. |
3,206 |
2,008,559 |
Cirrus
Logic, Inc. * |
580 |
49,758 |
HP,
Inc. |
45,730 |
1,358,638 |
KLA
Corp. |
5,299 |
2,048,276 |
Lam
Research Corp. |
3,530 |
1,850,003 |
NetApp,
Inc. |
19,771 |
1,243,398 |
NVIDIA
Corp. |
8,330 |
2,311,492 |
Skyworks
Solutions, Inc. |
10,757 |
1,139,166 |
TD
SYNNEX Corp. |
7,753 |
690,327 |
Teradyne,
Inc. |
15,055 |
1,375,726 |
Texas
Instruments, Inc. |
10,814 |
1,808,101 |
|
|
23,510,194 |
Telecommunications
Equipment — 2.0% | ||
Arista
Networks, Inc. * |
14,560 |
2,331,929 |
Ciena
Corp. * |
2,191 |
100,874 |
Cisco
Systems, Inc. |
41,141 |
1,943,912 |
Juniper
Networks, Inc. |
66,778 |
2,013,357 |
Lumentum
Holdings, Inc. * |
2,653 |
128,007 |
Motorola
Solutions, Inc. |
7,590 |
2,211,726 |
Ubiquiti,
Inc. |
5,109 |
1,188,098 |
|
|
9,917,903 |
Telecommunications
Service Providers — 3.3% | ||
Altice
USA, Inc., Class A *
(a) |
226,572 |
793,002 |
AT&T,
Inc. |
107,670 |
1,902,529 |
Cable
One, Inc. |
2,190 |
1,660,918 |
Charter
Communications, Inc., Class A * |
5,462 |
2,013,839 |
Comcast
Corp., Class A |
54,417 |
2,251,231 |
DISH
Network Corp., Class A * |
134,980 |
1,013,700 |
Frontier
Communications Parent, Inc. *
(a) |
54,420 |
1,226,627 |
Lumen
Technologies, Inc. |
637,535 |
1,510,958 |
T-Mobile
US, Inc. * |
14,242 |
2,049,424 |
Verizon
Communications, Inc. |
52,956 |
2,056,281 |
|
|
16,478,509 |
152
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE
($) |
Common
Stocks — continued | ||
Tobacco
— 0.8% | ||
Altria
Group, Inc. |
43,491 |
2,066,258 |
Philip
Morris International, Inc. |
20,422 |
2,041,587 |
|
|
4,107,845 |
Travel
& Leisure — 0.1% | ||
Travel
+ Leisure Co. |
9,070 |
347,109 |
Waste
& Disposal Services — 1.3% | ||
Clean
Harbors, Inc. * |
15,019 |
2,180,158 |
Republic
Services, Inc. |
15,890 |
2,298,012 |
Waste
Management, Inc. |
13,648 |
2,266,250 |
|
|
6,744,420 |
Total
Common Stocks
(Cost
$457,100,047) |
|
498,985,951 |
Short-Term
Investments — 2.5% | ||
Investment
Companies — 0.1% | ||
JPMorgan
U.S. Government Money Market Fund
Class
IM Shares, 4.78% (b)
(c)(Cost
$360,914) |
360,914 |
360,914 |
Investment
of Cash Collateral from Securities Loaned — 2.4% | ||
JPMorgan
Securities Lending Money Market
Fund
Class Agency SL Shares, 5.01% (b)
(c) |
10,198,028 |
10,199,047 |
INVESTMENTS |
SHARES |
VALUE
($) |
| ||
| ||
JPMorgan
U.S. Government Money Market Fund
Class
IM Shares, 4.78% (b)
(c) |
1,938,866 |
1,938,866 |
Total
Investment of Cash Collateral from
Securities
Loaned
(Cost
$12,138,793) |
|
12,137,913 |
Total
Short-Term Investments
(Cost
$12,499,707) |
|
12,498,827 |
Total
Investments — 102.3%
(Cost
$469,599,754) |
|
511,484,778 |
Liabilities
in Excess of Other Assets — (2.3)% |
|
(11,599,350
) |
NET
ASSETS — 100.0% |
|
499,885,428 |
Percentages
indicated are based on net
assets. |
* |
Non-income
producing security.
|
(a) |
The
security or a portion of this security is on loan at April 30,
2023.
The total value of securities on loan at April 30, 2023 is
$11,942,167. |
(b) |
Investment
in an affiliated fund, which is registered under the
Investment
Company Act of 1940, as amended, and is advised by
J.P.
Morgan Investment Management Inc. |
(c) |
The
rate shown is the current yield as of April 30,
2023. |
DESCRIPTION |
NUMBER
OF
CONTRACTS |
EXPIRATION
DATE |
TRADING
CURRENCY |
NOTIONAL
AMOUNT
($) |
VALUE
AND
UNREALIZED
APPRECIATION
(DEPRECIATION)
($) |
Long
Contracts |
|
|
|
|
|
S&P
500 E-Mini Index |
3 |
06/16/2023 |
USD |
628,350 |
25,556 |
Abbreviations |
|
USD |
United
States Dollar |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
153
|
INVESTMENTS |
SHARES |
VALUE
($) |
Common
Stocks — 99.7% | ||
Aerospace
& Defense — 0.1% | ||
Textron,
Inc. |
6,137 |
410,811 |
Automobiles
& Parts — 0.6% | ||
BorgWarner,
Inc. |
14,514 |
698,559 |
Gentex
Corp. |
41,768 |
1,152,379 |
LKQ
Corp. |
4,287 |
247,488 |
|
|
2,098,426 |
Banks
— 1.8% | ||
Bank
of Hawaii Corp. |
3,704 |
179,385 |
Citizens
Financial Group, Inc. |
10,149 |
314,010 |
Comerica,
Inc. |
4,778 |
207,222 |
Discover
Financial Services |
8,124 |
840,590 |
Fifth
Third Bancorp |
16,771 |
439,400 |
First
Horizon Corp. |
17,218 |
302,176 |
FNB
Corp. |
18,201 |
208,947 |
Huntington
Bancshares, Inc. |
89,345 |
1,000,664 |
KeyCorp |
20,706 |
233,150 |
M&T
Bank Corp. |
5,792 |
728,634 |
Popular,
Inc. (Puerto Rico) |
13,234 |
794,172 |
Prosperity
Bancshares, Inc. |
3,308 |
207,147 |
Regions
Financial Corp. |
26,427 |
482,557 |
Zions
Bancorp NA |
6,902 |
192,290 |
|
|
6,130,344 |
Beverages
— 0.9% | ||
Brown-Forman
Corp., Class B |
21,104 |
1,373,659 |
Molson
Coors Beverage Co., Class B |
26,451 |
1,573,306 |
|
|
2,946,965 |
Chemicals
— 5.3% | ||
Albemarle
Corp. |
2,833 |
525,408 |
Ashland,
Inc. |
13,637 |
1,385,656 |
Celanese
Corp. |
8,865 |
941,818 |
CF
Industries Holdings, Inc. |
16,424 |
1,175,630 |
Chemours
Co. (The) |
38,515 |
1,119,631 |
Eastman
Chemical Co. |
12,715 |
1,071,493 |
Element
Solutions, Inc. |
66,672 |
1,210,097 |
FMC
Corp. |
11,137 |
1,376,310 |
Huntsman
Corp. |
46,518 |
1,246,217 |
LyondellBasell
Industries NV, Class A |
14,548 |
1,376,386 |
Mosaic
Co. (The) |
24,861 |
1,065,294 |
NewMarket
Corp. |
600 |
239,760 |
Olin
Corp. |
23,487 |
1,301,180 |
Univar
Solutions, Inc. * |
40,310 |
1,431,005 |
INVESTMENTS |
SHARES |
VALUE
($) |
| ||
Chemicals
— continued | ||
Valvoline,
Inc. |
38,605 |
1,333,803 |
Westlake
Corp. |
11,357 |
1,292,199 |
|
|
18,091,887 |
Construction
& Materials — 2.6% | ||
A
O Smith Corp. |
16,273 |
1,111,283 |
Builders
FirstSource, Inc. * |
16,024 |
1,518,595 |
Eagle
Materials, Inc. |
2,726 |
404,020 |
Fortune
Brands Innovations, Inc. |
9,510 |
615,202 |
Louisiana-Pacific
Corp. |
21,885 |
1,307,410 |
Masco
Corp. |
18,266 |
977,414 |
Masterbrand,
Inc. * |
9,353 |
75,479 |
Owens
Corning |
12,477 |
1,332,668 |
Quanta
Services, Inc. |
8,760 |
1,486,046 |
|
|
8,828,117 |
Consumer
Services — 0.6% | ||
H&R
Block, Inc. |
24,976 |
846,936 |
Service
Corp. International |
15,825 |
1,110,757 |
|
|
1,957,693 |
Electricity
— 7.7% | ||
AES
Corp. (The) |
42,262 |
999,919 |
Alliant
Energy Corp. |
19,344 |
1,066,628 |
Avangrid,
Inc. |
22,269 |
896,550 |
Brookfield
Renewable Corp. |
8,765 |
292,839 |
Consolidated
Edison, Inc. |
15,745 |
1,550,410 |
Constellation
Energy Corp. |
13,433 |
1,039,714 |
DTE
Energy Co. |
10,832 |
1,217,625 |
Edison
International |
19,469 |
1,432,919 |
Entergy
Corp. |
10,276 |
1,105,492 |
Evergy,
Inc. |
24,003 |
1,490,826 |
Eversource
Energy |
10,393 |
806,601 |
FirstEnergy
Corp. |
35,113 |
1,397,497 |
Hawaiian
Electric Industries, Inc. |
25,011 |
980,681 |
IDACORP,
Inc. |
13,011 |
1,445,782 |
NRG
Energy, Inc. |
33,079 |
1,130,310 |
OGE
Energy Corp. |
39,511 |
1,483,243 |
PG&E
Corp. * |
64,873 |
1,109,977 |
Pinnacle
West Capital Corp. |
18,693 |
1,466,653 |
PPL
Corp. |
51,645 |
1,483,245 |
Public
Service Enterprise Group, Inc. |
21,699 |
1,371,377 |
Vistra
Corp. |
57,898 |
1,381,446 |
Xcel
Energy, Inc. |
18,796 |
1,314,028 |
|
|
26,463,762 |
154
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE
($) |
Common
Stocks — continued | ||
Electronic
& Electrical Equipment — 1.8% | ||
AMETEK,
Inc. |
9,924 |
1,368,817 |
Crane
Co. * |
3,785 |
272,785 |
Crane
NXT Co. |
3,752 |
177,695 |
Hubbell,
Inc. |
5,336 |
1,437,092 |
IDEX
Corp. |
6,047 |
1,247,617 |
Keysight
Technologies, Inc. * |
7,988 |
1,155,384 |
nVent
Electric plc |
10,195 |
427,476 |
|
|
6,086,866 |
Finance
& Credit Services — 0.4% | ||
Ally
Financial, Inc. |
13,789 |
363,754 |
OneMain
Holdings, Inc. |
21,955 |
842,413 |
|
|
1,206,167 |
Food
Producers — 5.9% | ||
Bunge
Ltd. |
12,230 |
1,144,728 |
Campbell
Soup Co. |
27,232 |
1,478,698 |
Conagra
Brands, Inc. |
39,630 |
1,504,355 |
Corteva,
Inc. |
22,235 |
1,359,003 |
Darling
Ingredients, Inc. * |
18,279 |
1,088,880 |
Flowers
Foods, Inc. |
50,717 |
1,395,225 |
Hershey
Co. (The) |
5,986 |
1,634,537 |
Hormel
Foods Corp. |
34,821 |
1,408,161 |
Ingredion,
Inc. |
14,224 |
1,510,162 |
J
M Smucker Co. (The) |
9,470 |
1,462,263 |
Kellogg
Co. |
21,873 |
1,526,079 |
Lamb
Weston Holdings, Inc. |
14,015 |
1,567,017 |
Pilgrim's
Pride Corp. * |
39,805 |
907,952 |
Post
Holdings, Inc. * |
15,553 |
1,407,391 |
Tyson
Foods, Inc., Class A |
6,391 |
399,374 |
US
Foods Holding Corp. * |
10,541 |
404,774 |
|
|
20,198,599 |
Gas,
Water & Multi-utilities — 2.8% | ||
Ameren
Corp. |
15,003 |
1,334,817 |
Atmos
Energy Corp. |
12,112 |
1,382,464 |
CenterPoint
Energy, Inc. |
45,781 |
1,394,947 |
National
Fuel Gas Co. |
24,052 |
1,344,507 |
NiSource,
Inc. |
49,520 |
1,409,339 |
UGI
Corp. |
37,616 |
1,274,430 |
WEC
Energy Group, Inc. |
15,348 |
1,476,017 |
|
|
9,616,521 |
General
Industrials — 1.6% | ||
AptarGroup,
Inc. |
221 |
26,191 |
Carlisle
Cos., Inc. |
1,385 |
298,952 |
INVESTMENTS |
SHARES |
VALUE
($) |
| ||
General
Industrials — continued | ||
ITT,
Inc. |
4,666 |
393,997 |
Packaging
Corp. of America |
7,305 |
988,074 |
Parker-Hannifin
Corp. |
3,561 |
1,156,898 |
RPM
International, Inc. |
13,539 |
1,110,604 |
Silgan
Holdings, Inc. |
12,629 |
622,105 |
Sonoco
Products Co. |
10,829 |
656,454 |
WestRock
Co. |
6,107 |
182,782 |
|
|
5,436,057 |
Health
Care Providers — 3.5% | ||
Acadia
Healthcare Co., Inc. * |
15,745 |
1,138,206 |
Amedisys,
Inc. * |
4,845 |
389,053 |
Chemed
Corp. |
2,714 |
1,496,092 |
DaVita,
Inc. * |
11,417 |
1,031,640 |
Encompass
Health Corp. |
19,201 |
1,231,744 |
Enhabit,
Inc. * |
7,826 |
95,869 |
IQVIA
Holdings, Inc. * |
5,713 |
1,075,358 |
Molina
Healthcare, Inc. * |
4,137 |
1,232,371 |
Premier,
Inc., Class A |
26,414 |
880,379 |
Tenet
Healthcare Corp. * |
16,381 |
1,201,055 |
Universal
Health Services, Inc., Class B |
8,313 |
1,249,860 |
Veeva
Systems, Inc., Class A * |
6,139 |
1,099,372 |
|
|
12,120,999 |
Household
Goods & Home Construction — 1.3% | ||
Leggett
& Platt, Inc. |
13,399 |
432,922 |
Lennar
Corp., Class A |
13,876 |
1,565,351 |
NVR,
Inc. * |
32 |
186,880 |
Toll
Brothers, Inc. |
22,433 |
1,433,693 |
Whirlpool
Corp. |
6,254 |
872,996 |
|
|
4,491,842 |
Industrial
Engineering — 1.9% | ||
Cummins,
Inc. |
5,415 |
1,272,741 |
Graco,
Inc. |
18,116 |
1,436,418 |
Lincoln
Electric Holdings, Inc. |
5,671 |
951,594 |
Nordson
Corp. |
970 |
209,821 |
Snap-on,
Inc. |
5,651 |
1,465,926 |
Toro
Co. (The) |
10,444 |
1,088,891 |
|
|
6,425,391 |
Industrial
Materials — 0.7% | ||
Avery
Dennison Corp. |
1,956 |
341,283 |
Hexcel
Corp. |
14,602 |
1,052,512 |
International
Paper Co. |
25,380 |
840,332 |
|
|
2,234,127 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
155
|
INVESTMENTS |
SHARES |
VALUE
($) |
Common
Stocks — continued | ||
Industrial
Metals & Mining — 2.4% | ||
Cleveland-Cliffs,
Inc. * |
62,067 |
954,591 |
Fastenal
Co. |
23,849 |
1,284,030 |
MP
Materials Corp. * |
4,280 |
92,748 |
Nucor
Corp. |
7,938 |
1,176,253 |
Reliance
Steel & Aluminum Co. |
5,379 |
1,332,916 |
Steel
Dynamics, Inc. |
10,391 |
1,080,144 |
Timken
Co. (The) |
15,966 |
1,226,987 |
United
States Steel Corp. |
45,094 |
1,031,751 |
|
|
8,179,420 |
Industrial
Support Services — 1.6% | ||
ADT,
Inc. |
15,542 |
104,131 |
Booz
Allen Hamilton Holding Corp. |
3,790 |
362,779 |
FTI
Consulting, Inc. * |
2,371 |
427,966 |
MSC
Industrial Direct Co., Inc., Class A |
9,258 |
839,978 |
Paychex,
Inc. |
7,946 |
872,948 |
Robert
Half International, Inc. |
4,203 |
306,819 |
Synchrony
Financial |
29,655 |
875,119 |
Western
Union Co. (The) |
12,544 |
137,106 |
WW
Grainger, Inc. |
2,037 |
1,416,876 |
|
|
5,343,722 |
Industrial
Transportation — 1.6% | ||
Allison
Transmission Holdings, Inc. |
21,874 |
1,067,232 |
Expeditors
International of Washington, Inc. |
7,798 |
887,724 |
Landstar
System, Inc. |
7,051 |
1,241,188 |
Old
Dominion Freight Line, Inc. |
3,986 |
1,277,075 |
PACCAR,
Inc. |
5,758 |
430,065 |
Ryder
System, Inc. |
6,342 |
502,033 |
Schneider
National, Inc., Class B |
8,659 |
226,606 |
|
|
5,631,923 |
Investment
Banking & Brokerage Services — 2.1% | ||
Ameriprise
Financial, Inc. |
3,661 |
1,117,044 |
Invesco
Ltd. |
59,248 |
1,014,918 |
Jefferies
Financial Group, Inc. |
37,876 |
1,213,168 |
LPL
Financial Holdings, Inc. |
5,539 |
1,156,765 |
Nasdaq,
Inc. |
13,329 |
738,027 |
Raymond
James Financial, Inc. |
7,843 |
710,027 |
State
Street Corp. |
15,648 |
1,130,724 |
Virtu
Financial, Inc., Class A |
14,574 |
292,209 |
|
|
7,372,882 |
Leisure
Goods — 0.6% | ||
Garmin
Ltd. |
8,860 |
869,786 |
Harley-Davidson,
Inc. |
2,291 |
84,996 |
INVESTMENTS |
SHARES |
VALUE
($) |
| ||
Leisure
Goods — continued | ||
Polaris,
Inc. |
5,091 |
553,137 |
Pool
Corp. |
1,426 |
500,983 |
|
|
2,008,902 |
Life
Insurance — 1.1% | ||
Aflac,
Inc. |
18,709 |
1,306,823 |
Principal
Financial Group, Inc. |
16,155 |
1,206,617 |
Unum
Group |
31,154 |
1,314,699 |
|
|
3,828,139 |
Media
— 0.9% | ||
Interpublic
Group of Cos., Inc. (The) |
40,008 |
1,429,486 |
Liberty
Media Corp.-Liberty SiriusXM, Class A * |
13,917 |
391,068 |
Nexstar
Media Group, Inc. |
7,467 |
1,295,151 |
|
|
3,115,705 |
Medical
Equipment & Services — 6.2% | ||
Agilent
Technologies, Inc. |
8,756 |
1,185,825 |
Bio-Rad
Laboratories, Inc., Class A * |
2,036 |
917,808 |
Bio-Techne
Corp. |
3,053 |
243,874 |
Bruker
Corp. |
16,117 |
1,275,338 |
Cooper
Cos., Inc. (The) |
2,146 |
818,592 |
Dentsply
Sirona, Inc. |
21,353 |
895,331 |
Envista
Holdings Corp. * |
31,727 |
1,221,172 |
Globus
Medical, Inc., Class A * |
13,728 |
798,146 |
Henry
Schein, Inc. * |
17,821 |
1,440,115 |
Hologic,
Inc. * |
17,762 |
1,527,710 |
Integra
LifeSciences Holdings Corp. * |
9,759 |
539,868 |
Laboratory
Corp. of America Holdings |
5,180 |
1,174,358 |
Masimo
Corp. * |
4,129 |
780,959 |
PerkinElmer,
Inc. |
8,063 |
1,052,141 |
QIAGEN
NV * |
23,962 |
1,068,945 |
Quest
Diagnostics, Inc. |
10,052 |
1,395,318 |
QuidelOrtho
Corp. * |
11,485 |
1,033,076 |
ResMed,
Inc. |
5,351 |
1,289,377 |
STERIS
plc |
6,359 |
1,198,989 |
Teleflex,
Inc. |
809 |
220,469 |
West
Pharmaceutical Services, Inc. |
3,469 |
1,253,141 |
|
|
21,330,552 |
Mortgage
Real Estate Investment Trusts — 0.6% | ||
Annaly
Capital Management, Inc. |
11,911 |
237,982 |
Rithm
Capital Corp. |
98,523 |
803,948 |
Starwood
Property Trust, Inc. (a) |
51,107 |
914,304 |
|
|
1,956,234 |
156
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE
($) |
Common
Stocks — continued | ||
Non-life
Insurance — 2.8% | ||
American
Financial Group, Inc. |
9,296 |
1,140,898 |
Arch
Capital Group Ltd. * |
3,175 |
238,347 |
Arthur
J Gallagher & Co. |
7,258 |
1,510,100 |
Assured
Guaranty Ltd. |
7,515 |
404,833 |
Axis
Capital Holdings Ltd. |
6,680 |
377,687 |
Brown
& Brown, Inc. |
6,267 |
403,532 |
CNA
Financial Corp. |
193 |
7,510 |
Everest
Re Group Ltd. |
1,940 |
733,320 |
Fidelity
National Financial, Inc. |
11,873 |
421,373 |
First
American Financial Corp. |
6,545 |
377,057 |
Hanover
Insurance Group, Inc. (The) |
2,708 |
323,769 |
Hartford
Financial Services Group, Inc. (The) |
18,248 |
1,295,426 |
Old
Republic International Corp. |
54,263 |
1,371,226 |
Reinsurance
Group of America, Inc. |
3,745 |
532,988 |
White
Mountains Insurance Group Ltd. |
153 |
219,117 |
WR
Berkley Corp. |
4,438 |
261,487 |
|
|
9,618,670 |
Non-Renewable
Energy — 5.5% | ||
Antero
Midstream Corp. |
125,252 |
1,347,712 |
Antero
Resources Corp. * |
38,862 |
893,437 |
APA
Corp. |
22,055 |
812,727 |
Cheniere
Energy, Inc. |
6,447 |
986,391 |
Chesapeake
Energy Corp. |
13,343 |
1,103,199 |
Coterra
Energy, Inc. |
53,707 |
1,374,899 |
Devon
Energy Corp. |
18,955 |
1,012,766 |
Diamondback
Energy, Inc. |
9,325 |
1,326,015 |
DT
Midstream, Inc. |
5,073 |
249,947 |
EQT
Corp. |
41,171 |
1,434,398 |
Halliburton
Co. |
34,146 |
1,118,281 |
HF
Sinclair Corp. |
26,408 |
1,164,857 |
Marathon
Oil Corp. |
44,611 |
1,077,802 |
Phillips
66 |
13,218 |
1,308,582 |
Range
Resources Corp. |
15,097 |
399,316 |
Targa
Resources Corp. |
18,048 |
1,363,165 |
Texas
Pacific Land Corp. |
545 |
805,319 |
Vitesse
Energy, Inc. |
3,633 |
66,847 |
Williams
Cos., Inc. (The) |
39,026 |
1,180,927 |
|
|
19,026,587 |
Personal
Care, Drug & Grocery Stores — 3.2% | ||
Albertsons
Cos., Inc., Class A |
70,436 |
1,472,112 |
AmerisourceBergen
Corp. |
9,066 |
1,512,662 |
Casey's
General Stores, Inc. |
6,703 |
1,533,780 |
Church
& Dwight Co., Inc. |
14,746 |
1,432,132 |
INVESTMENTS |
SHARES |
VALUE
($) |
| ||
Personal
Care, Drug & Grocery Stores — continued | ||
Clorox
Co. (The) |
9,082 |
1,504,161 |
Grocery
Outlet Holding Corp. * |
13,590 |
404,710 |
Kroger
Co. (The) |
31,063 |
1,510,594 |
Olaplex
Holdings, Inc. * |
69,225 |
256,132 |
Performance
Food Group Co. * |
11,066 |
693,728 |
Reynolds
Consumer Products, Inc. |
23,590 |
661,228 |
Spectrum
Brands Holdings, Inc. |
2,792 |
185,668 |
|
|
11,166,907 |
Personal
Goods — 0.4% | ||
Carter's,
Inc. |
3,087 |
215,380 |
Tapestry,
Inc. |
31,813 |
1,298,288 |
|
|
1,513,668 |
Pharmaceuticals,
Biotechnology & Marijuana Producers — 3.3% | ||
Biogen,
Inc. * |
1,072 |
326,135 |
Cardinal
Health, Inc. |
18,294 |
1,501,938 |
Exelixis,
Inc. * |
26,711 |
488,811 |
Horizon
Therapeutics plc * |
12,985 |
1,443,413 |
Incyte
Corp. * |
14,271 |
1,061,905 |
Jazz
Pharmaceuticals plc * |
8,689 |
1,220,544 |
Maravai
LifeSciences Holdings, Inc., Class A * |
20,048 |
276,462 |
Neurocrine
Biosciences, Inc. * |
5,513 |
557,034 |
Organon
& Co. |
22,072 |
543,633 |
Royalty
Pharma plc |
32,965 |
1,158,719 |
Syneos
Health, Inc. * |
8,204 |
322,089 |
United
Therapeutics Corp. * |
5,752 |
1,323,708 |
Viatris,
Inc. |
127,080 |
1,185,656 |
|
|
11,410,047 |
Precious
Metals & Mining — 0.1% | ||
SSR
Mining, Inc. (Canada) |
33,792 |
483,901 |
Real
Estate Investment & Services — 0.6% | ||
CBRE
Group, Inc., Class A * |
16,465 |
1,262,207 |
Jones
Lang LaSalle, Inc. * |
6,724 |
934,905 |
|
|
2,197,112 |
Real
Estate Investment Trusts — 8.6% | ||
American
Homes 4 Rent, Class A |
17,961 |
597,383 |
Brixmor
Property Group, Inc. |
52,164 |
1,112,658 |
Camden
Property Trust |
7,655 |
842,433 |
CubeSmart |
23,813 |
1,083,253 |
EPR
Properties |
15,433 |
647,569 |
Extra
Space Storage, Inc. |
6,889 |
1,047,404 |
First
Industrial Realty Trust, Inc. |
10,762 |
564,682 |
Gaming
and Leisure Properties, Inc. |
26,152 |
1,359,904 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
157
|
INVESTMENTS |
SHARES |
VALUE
($) |
Common
Stocks — continued | ||
Real
Estate Investment Trusts — continued | ||
Highwoods
Properties, Inc. |
11,248 |
257,804 |
Host
Hotels & Resorts, Inc. |
74,788 |
1,209,322 |
Iron
Mountain, Inc. |
25,886 |
1,429,943 |
Kimco
Realty Corp. |
62,413 |
1,197,705 |
Lamar
Advertising Co., Class A |
13,299 |
1,405,438 |
Life
Storage, Inc. |
10,096 |
1,356,700 |
Medical
Properties Trust, Inc. (a) |
54,788 |
480,491 |
Mid-America
Apartment Communities, Inc. |
7,041 |
1,082,906 |
National
Retail Properties, Inc. |
23,103 |
1,004,980 |
Omega
Healthcare Investors, Inc. |
47,060 |
1,259,326 |
Rayonier,
Inc. |
26,681 |
836,716 |
Realty
Income Corp. |
4,903 |
308,105 |
Regency
Centers Corp. |
20,102 |
1,234,866 |
Rexford
Industrial Realty, Inc. |
17,068 |
951,882 |
Simon
Property Group, Inc. |
10,339 |
1,171,615 |
Spirit
Realty Capital, Inc. |
25,314 |
973,576 |
Ventas,
Inc. |
21,068 |
1,012,317 |
VICI
Properties, Inc. |
41,801 |
1,418,726 |
Welltower,
Inc. |
16,212 |
1,284,315 |
Weyerhaeuser
Co. |
43,426 |
1,298,872 |
WP
Carey, Inc. |
17,164 |
1,273,569 |
|
|
29,704,460 |
Retailers
— 3.3% | ||
AutoNation,
Inc. * |
10,177 |
1,340,311 |
AutoZone,
Inc. * |
540 |
1,438,188 |
Bath
& Body Works, Inc. |
4,262 |
149,596 |
Best
Buy Co., Inc. |
11,858 |
883,658 |
Dick's
Sporting Goods, Inc. |
10,802 |
1,566,398 |
Kohl's
Corp. |
1,624 |
35,777 |
Macy's,
Inc. |
42,341 |
691,852 |
O'Reilly
Automotive, Inc. * |
1,442 |
1,322,761 |
Penske
Automotive Group, Inc. |
9,780 |
1,355,312 |
Tractor
Supply Co. |
6,208 |
1,479,987 |
Williams-Sonoma,
Inc. |
8,290 |
1,003,422 |
|
|
11,267,262 |
Software
& Computer Services — 5.5% | ||
Akamai
Technologies, Inc. * |
4,864 |
398,702 |
Amdocs
Ltd. |
15,653 |
1,428,336 |
ANSYS,
Inc. * |
4,128 |
1,295,862 |
CACI
International, Inc., Class A * |
3,967 |
1,242,940 |
Cadence
Design Systems, Inc. * |
7,262 |
1,521,026 |
Concentrix
Corp. |
5,314 |
512,854 |
Dolby
Laboratories, Inc., Class A |
11,575 |
968,712 |
INVESTMENTS |
SHARES |
VALUE
($) |
| ||
Software
& Computer Services — continued | ||
EPAM
Systems, Inc. * |
2,707 |
764,565 |
Fortinet,
Inc. * |
22,231 |
1,401,665 |
Gartner,
Inc. * |
4,081 |
1,234,339 |
Gen
Digital, Inc. |
14,913 |
263,513 |
Hewlett
Packard Enterprise Co. |
73,634 |
1,054,439 |
Leidos
Holdings, Inc. |
10,415 |
971,303 |
Manhattan
Associates, Inc. * |
9,713 |
1,609,250 |
Paycom
Software, Inc. * |
642 |
186,417 |
Science
Applications International Corp. |
5,231 |
533,719 |
SS&C
Technologies Holdings, Inc. |
19,424 |
1,137,081 |
Synopsys,
Inc. * |
3,850 |
1,429,582 |
Tyler
Technologies, Inc. * |
2,473 |
937,341 |
|
|
18,891,646 |
Technology
Hardware & Equipment — 4.4% | ||
Amphenol
Corp., Class A |
17,761 |
1,340,423 |
CDW
Corp. |
7,019 |
1,190,352 |
Cirrus
Logic, Inc. * |
10,851 |
930,907 |
Corning,
Inc. |
28,034 |
931,289 |
Dell
Technologies, Inc., Class C |
18,307 |
796,171 |
HP,
Inc. |
29,615 |
879,862 |
Jabil,
Inc. |
16,759 |
1,309,716 |
Microchip
Technology, Inc. |
11,215 |
818,583 |
Monolithic
Power Systems, Inc. |
2,826 |
1,305,527 |
National
Instruments Corp. |
2,709 |
157,745 |
NetApp,
Inc. |
13,759 |
865,304 |
ON
Semiconductor Corp. * |
18,097 |
1,302,260 |
Qorvo,
Inc. * |
8,456 |
778,628 |
Skyworks
Solutions, Inc. |
7,904 |
837,034 |
TD
SYNNEX Corp. |
8,669 |
771,888 |
Teradyne,
Inc. |
10,582 |
966,983 |
|
|
15,182,672 |
Telecommunications
Equipment — 2.0% | ||
Arista
Networks, Inc. * |
10,136 |
1,623,382 |
Ciena
Corp. * |
5,745 |
264,500 |
Juniper
Networks, Inc. |
46,551 |
1,403,513 |
Lumentum
Holdings, Inc. * |
11,832 |
570,894 |
Motorola
Solutions, Inc. |
5,354 |
1,560,155 |
Ubiquiti,
Inc. |
4,475 |
1,040,661 |
Viasat,
Inc. * |
14,374 |
503,521 |
|
|
6,966,626 |
Telecommunications
Service Providers — 1.8% | ||
Altice
USA, Inc., Class A * |
185,611 |
649,639 |
Cable
One, Inc. |
2,048 |
1,553,224 |
158
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE
($) |
Common
Stocks — continued | ||
Telecommunications
Service Providers — continued | ||
DISH
Network Corp., Class A * |
125,950 |
945,884 |
Frontier
Communications Parent, Inc. * |
51,528 |
1,161,441 |
Liberty
Broadband Corp., Class C * |
8,632 |
731,821 |
Lumen
Technologies, Inc. |
421,090 |
997,983 |
|
|
6,039,992 |
Travel
& Leisure — 0.7% | ||
Boyd
Gaming Corp. |
16,790 |
1,165,226 |
Choice
Hotels International, Inc. |
3,143 |
400,795 |
Copa
Holdings SA, Class A (Panama) |
7,430 |
671,078 |
Travel
+ Leisure Co. |
6,204 |
237,427 |
Wendy's
Co. (The) |
1,383 |
30,564 |
|
|
2,505,090 |
Waste
& Disposal Services — 0.9% | ||
Clean
Harbors, Inc. * |
10,467 |
1,519,390 |
Republic
Services, Inc. |
10,978 |
1,587,638 |
Stericycle,
Inc. * |
3,137 |
143,204 |
|
|
3,250,232 |
Total
Common Stocks
(Cost
$333,769,852) |
|
342,736,925 |
Short-Term
Investments — 0.6% | ||
Investment
Companies — 0.2% | ||
JPMorgan
U.S. Government Money Market Fund
Class
IM Shares, 4.78% (b)
(c)(Cost
$659,852) |
659,852 |
659,852 |
INVESTMENTS |
SHARES |
VALUE
($) |
| ||
Investment
of Cash Collateral from Securities Loaned — 0.4% | ||
JPMorgan
U.S. Government Money Market Fund
Class
IM Shares, 4.78% (b)
(c)(Cost
$1,355,792) |
1,355,792 |
1,355,792 |
Total
Short-Term Investments
(Cost
$2,015,644) |
|
2,015,644 |
Total
Investments — 100.3%
(Cost
$335,785,496) |
|
344,752,569 |
Liabilities
in Excess of Other Assets — (0.3)% |
|
(1,082,289
) |
NET
ASSETS — 100.0% |
|
343,670,280 |
Percentages
indicated are based on net
assets. |
* |
Non-income
producing security.
|
(a) |
The
security or a portion of this security is on loan at April 30,
2023.
The total value of securities on loan at April 30, 2023 is
$1,323,835. |
(b) |
Investment
in an affiliated fund, which is registered under the
Investment
Company Act of 1940, as amended, and is advised by
J.P.
Morgan Investment Management Inc. |
(c) |
The
rate shown is the current yield as of April 30,
2023. |
DESCRIPTION |
NUMBER
OF
CONTRACTS |
EXPIRATION
DATE |
TRADING
CURRENCY |
NOTIONAL
AMOUNT
($) |
VALUE
AND
UNREALIZED
APPRECIATION
(DEPRECIATION)
($) |
Long
Contracts |
|
|
|
|
|
S&P
Midcap 400 E-Mini Index |
3 |
06/16/2023 |
USD |
750,480 |
16,814 |
Abbreviations |
|
USD |
United
States Dollar |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
159
|
INVESTMENTS |
SHARES |
VALUE
($) |
Common
Stocks — 99.8% | ||
Aerospace
& Defense — 0.1% | ||
Moog,
Inc., Class A |
2,364 |
213,020 |
National
Presto Industries, Inc. |
2,701 |
183,722 |
|
|
396,742 |
Automobiles
& Parts — 0.4% | ||
Dorman
Products, Inc. * |
8,174 |
704,272 |
Gentherm,
Inc. * |
16,657 |
993,590 |
|
|
1,697,862 |
Banks
— 4.2% | ||
1st
Source Corp. |
2,925 |
121,914 |
Ameris
Bancorp |
19,902 |
666,717 |
Atlantic
Union Bankshares Corp. |
12,530 |
358,609 |
Axos
Financial, Inc. * |
3,539 |
143,931 |
BancFirst
Corp. |
2,143 |
171,204 |
Bank
of NT Butterfield & Son Ltd. (The)
(Bermuda) |
19,325 |
497,232 |
Banner
Corp. |
7,243 |
361,571 |
Brookline
Bancorp, Inc. |
841 |
8,023 |
Capital
City Bank Group, Inc. |
1,161 |
35,364 |
Cathay
General Bancorp |
19,665 |
626,724 |
Community
Trust Bancorp, Inc. |
5,320 |
191,573 |
First
BanCorp (Puerto Rico) |
35,367 |
415,562 |
First
Busey Corp. |
4,574 |
83,155 |
First
Financial Bancorp |
12,626 |
261,358 |
First
Financial Corp. |
3,142 |
108,556 |
First
Merchants Corp. |
6,178 |
180,274 |
Fulton
Financial Corp. |
35,508 |
423,611 |
Hancock
Whitney Corp. |
12,227 |
446,530 |
Hilltop
Holdings, Inc. |
37,307 |
1,157,263 |
Home
BancShares, Inc. |
3,164 |
68,880 |
Hope
Bancorp, Inc. |
59,057 |
537,419 |
Independent
Bank Group, Inc. |
3,940 |
143,337 |
International
Bancshares Corp. |
4,361 |
186,084 |
Lakeland
Financial Corp. |
4,488 |
227,407 |
NBT
Bancorp, Inc. |
9,353 |
301,541 |
Northwest
Bancshares, Inc. |
30,904 |
361,268 |
OceanFirst
Financial Corp. |
31,521 |
504,336 |
OFG
Bancorp (Puerto Rico) |
21,653 |
553,667 |
Old
National Bancorp |
66,629 |
893,495 |
Renasant
Corp. |
15,105 |
424,753 |
Republic
Bancorp, Inc., Class A |
3,581 |
140,733 |
Simmons
First National Corp., Class A |
30,517 |
509,939 |
TrustCo
Bank Corp. |
8,526 |
254,416 |
Trustmark
Corp. |
23,462 |
560,507 |
UMB
Financial Corp. |
12,032 |
765,356 |
INVESTMENTS |
SHARES |
VALUE
($) |
| ||
Banks
— continued | ||
United
Bankshares, Inc. |
30,808 |
1,020,669 |
United
Community Banks, Inc. |
18,389 |
457,886 |
Valley
National Bancorp |
100,422 |
941,958 |
Washington
Federal, Inc. |
15,001 |
420,628 |
WesBanco,
Inc. |
19,134 |
509,347 |
|
|
16,042,797 |
Beverages
— 1.7% | ||
BRC,
Inc., Class A *
(a) |
14,856 |
77,400 |
Celsius
Holdings, Inc. *
(a) |
10,765 |
1,028,811 |
Coca-Cola
Consolidated, Inc. |
2,209 |
1,302,117 |
Duckhorn
Portfolio, Inc. (The) * |
54,210 |
818,571 |
MGP
Ingredients, Inc. |
12,277 |
1,211,495 |
National
Beverage Corp. * |
21,886 |
1,087,734 |
Primo
Water Corp. |
64,012 |
972,342 |
|
|
6,498,470 |
Chemicals
— 3.6% | ||
AdvanSix,
Inc. |
23,047 |
868,411 |
American
Vanguard Corp. |
29,926 |
576,075 |
Avient
Corp. |
26,178 |
1,008,115 |
Balchem
Corp. |
8,712 |
1,144,757 |
Cabot
Corp. |
14,749 |
1,058,388 |
Ingevity
Corp. * |
15,093 |
1,082,772 |
Innospec,
Inc. |
11,192 |
1,137,443 |
Intrepid
Potash, Inc. *
(a) |
20,750 |
534,935 |
Livent
Corp. *
(a) |
36,085 |
788,457 |
LSB
Industries, Inc. * |
85,449 |
763,060 |
Orion
Engineered Carbons SA (Germany) |
46,676 |
1,130,026 |
Quaker
Chemical Corp. |
2,569 |
479,452 |
Rayonier
Advanced Materials, Inc. * |
83,970 |
456,797 |
Sensient
Technologies Corp. |
15,074 |
1,122,410 |
Stepan
Co. |
9,195 |
847,779 |
Tronox
Holdings plc |
61,351 |
839,895 |
|
|
13,838,772 |
Construction
& Materials — 1.9% | ||
Comfort
Systems USA, Inc. |
8,169 |
1,221,184 |
EMCOR
Group, Inc. |
7,294 |
1,247,274 |
Exponent,
Inc. |
7,896 |
726,827 |
GMS,
Inc. * |
11,922 |
692,191 |
Griffon
Corp. |
8,712 |
247,856 |
Installed
Building Products, Inc. |
5,427 |
674,413 |
Masonite
International Corp. * |
5,648 |
516,284 |
Mueller
Water Products, Inc., Class A |
8,015 |
107,401 |
Patrick
Industries, Inc. |
6,699 |
459,752 |
160
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE
($) |
Common
Stocks — continued | ||
Construction
& Materials — continued | ||
Quanex
Building Products Corp. |
9,199 |
175,701 |
Simpson
Manufacturing Co., Inc. |
9,806 |
1,233,399 |
|
|
7,302,282 |
Consumer
Services — 0.7% | ||
Carriage
Services, Inc. |
3,539 |
101,605 |
Laureate
Education, Inc., Class A |
81,401 |
1,008,558 |
Perdoceo
Education Corp. * |
56,444 |
732,643 |
Strategic
Education, Inc. |
3,251 |
286,088 |
Upbound
Group, Inc. (a) |
23,607 |
629,363 |
|
|
2,758,257 |
Electricity
— 2.1% | ||
ALLETE,
Inc. |
20,015 |
1,248,536 |
Clearway
Energy, Inc., Class C |
39,317 |
1,194,057 |
MGE
Energy, Inc. |
10,534 |
807,010 |
NorthWestern
Corp. |
21,595 |
1,265,899 |
Ormat
Technologies, Inc. |
10,181 |
873,632 |
PNM
Resources, Inc. |
25,445 |
1,224,668 |
Portland
General Electric Co. |
26,109 |
1,321,637 |
Via
Renewables, Inc. (a) |
7,762 |
80,339 |
|
|
8,015,778 |
Electronic
& Electrical Equipment — 1.4% | ||
Atkore,
Inc. * |
8,064 |
1,018,725 |
AZZ,
Inc. |
8,673 |
327,232 |
Badger
Meter, Inc. |
10,072 |
1,332,828 |
Brady
Corp., Class A |
9,436 |
481,519 |
Encore
Wire Corp. |
6,263 |
979,095 |
Watts
Water Technologies, Inc., Class A |
7,034 |
1,137,609 |
|
|
5,277,008 |
Finance
& Credit Services — 1.8% | ||
Encore
Capital Group, Inc. * |
9,259 |
475,727 |
Enova
International, Inc. * |
15,913 |
698,899 |
Federal
Agricultural Mortgage Corp., Class C |
1,897 |
252,851 |
Mr.
Cooper Group, Inc. * |
26,052 |
1,206,208 |
Navient
Corp. |
68,075 |
1,125,961 |
Nelnet,
Inc., Class A |
4,697 |
452,321 |
PennyMac
Financial Services, Inc. |
19,788 |
1,236,552 |
Radian
Group, Inc. |
51,930 |
1,260,341 |
|
|
6,708,860 |
Food
Producers — 4.8% | ||
Andersons,
Inc. (The) |
25,750 |
1,151,025 |
B&G
Foods, Inc. (a) |
51,793 |
830,760 |
BellRing
Brands, Inc. * |
35,505 |
1,277,825 |
INVESTMENTS |
SHARES |
VALUE
($) |
| ||
Food
Producers — continued | ||
Cal-Maine
Foods, Inc. (a) |
21,843 |
1,037,542 |
Fresh
Del Monte Produce, Inc. |
30,563 |
877,464 |
GrowGeneration
Corp. *
(a) |
75,211 |
257,222 |
Hain
Celestial Group, Inc. (The) * |
17,885 |
320,678 |
Herbalife
Ltd. * |
39,796 |
591,369 |
Hostess
Brands, Inc. * |
49,689 |
1,279,989 |
J
& J Snack Foods Corp. |
6,616 |
1,013,571 |
John
B Sanfilippo & Son, Inc. |
9,652 |
1,003,325 |
Lancaster
Colony Corp. |
6,523 |
1,364,090 |
Medifast,
Inc. |
7,356 |
674,177 |
Nature's
Sunshine Products, Inc. * |
11,287 |
123,706 |
Simply
Good Foods Co. (The) * |
32,181 |
1,170,423 |
Sovos
Brands, Inc. * |
23,472 |
402,545 |
SunOpta,
Inc. (Canada) *
(a) |
84,942 |
722,007 |
Tootsie
Roll Industries, Inc. (a) |
28,479 |
1,164,222 |
TreeHouse
Foods, Inc. * |
25,134 |
1,338,385 |
USANA
Health Sciences, Inc. * |
10,428 |
692,106 |
Utz
Brands, Inc. |
54,884 |
1,037,856 |
|
|
18,330,287 |
Gas,
Water & Multi-utilities — 3.8% | ||
American
States Water Co. |
13,225 |
1,173,719 |
Aris
Water Solutions, Inc., Class A (a) |
23,824 |
173,200 |
Avista
Corp. |
24,210 |
1,066,935 |
Black
Hills Corp. |
17,226 |
1,124,686 |
Brookfield
Infrastructure Corp., Class A
(Canada) |
26,531 |
1,130,221 |
California
Water Service Group |
21,905 |
1,228,432 |
Chesapeake
Utilities Corp. |
6,985 |
862,647 |
Evoqua
Water Technologies Corp. * |
25,324 |
1,252,272 |
Excelerate
Energy, Inc., Class A |
17,296 |
371,864 |
Middlesex
Water Co. |
3,874 |
282,724 |
New
Jersey Resources Corp. |
24,247 |
1,252,115 |
Northwest
Natural Holding Co. |
17,647 |
828,703 |
ONE
Gas, Inc. |
15,386 |
1,183,953 |
SJW
Group |
16,429 |
1,247,290 |
Southwest
Gas Holdings, Inc. |
3,315 |
185,640 |
Spire,
Inc. |
17,684 |
1,197,737 |
|
|
14,562,138 |
General
Industrials — 1.4% | ||
Apogee
Enterprises, Inc. |
9,163 |
389,977 |
Barnes
Group, Inc. |
4,819 |
202,543 |
CSW
Industrials, Inc. |
3,258 |
438,755 |
Greif,
Inc., Class A |
12,575 |
789,584 |
HB
Fuller Co. |
15,053 |
996,057 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
161
|
INVESTMENTS |
SHARES |
VALUE
($) |
Common
Stocks — continued | ||
General
Industrials — continued | ||
Kronos
Worldwide, Inc. |
31,425 |
292,252 |
Myers
Industries, Inc. |
10,990 |
208,261 |
Otter
Tail Corp. |
15,466 |
1,112,779 |
Standex
International Corp. |
3,110 |
381,939 |
TriMas
Corp. |
3,508 |
89,138 |
Trinseo
plc |
13,535 |
245,254 |
|
|
5,146,539 |
Health
Care Providers — 2.9% | ||
Addus
HomeCare Corp. * |
7,657 |
625,883 |
Apollo
Medical Holdings, Inc. *
(a) |
20,756 |
736,631 |
Brookdale
Senior Living, Inc. * |
12,413 |
53,252 |
Computer
Programs and Systems, Inc. * |
10,598 |
274,276 |
CorVel
Corp. * |
4,765 |
962,673 |
Ensign
Group, Inc. (The) |
13,028 |
1,264,889 |
Healthcare
Services Group, Inc. |
16,258 |
253,787 |
HealthEquity,
Inc. * |
12,468 |
666,415 |
ModivCare,
Inc. * |
6,947 |
441,829 |
NextGen
Healthcare, Inc. * |
34,769 |
582,033 |
Omnicell,
Inc. * |
7,409 |
450,245 |
Option
Care Health, Inc. * |
36,274 |
1,166,209 |
Pennant
Group, Inc. (The) * |
15,629 |
216,774 |
RadNet,
Inc. * |
12,618 |
349,014 |
Select
Medical Holdings Corp. |
39,146 |
1,193,953 |
Surgery
Partners, Inc. * |
27,590 |
1,094,219 |
US
Physical Therapy, Inc. |
6,161 |
655,900 |
|
|
10,987,982 |
Household
Goods & Home Construction — 2.0% | ||
Beazer
Homes USA, Inc. * |
8,919 |
190,064 |
Central
Garden & Pet Co., Class A * |
14,604 |
515,959 |
CompX
International, Inc. (a) |
3,049 |
55,187 |
Ethan
Allen Interiors, Inc. (a) |
38,018 |
1,061,843 |
HNI
Corp. |
18,586 |
482,864 |
Interface,
Inc. |
45,459 |
356,398 |
La-Z-Boy,
Inc. |
32,939 |
946,337 |
LGI
Homes, Inc. * |
2,222 |
263,974 |
M/I
Homes, Inc. * |
13,267 |
897,380 |
MDC
Holdings, Inc. |
8,247 |
337,880 |
MillerKnoll,
Inc. |
20,100 |
341,901 |
Sleep
Number Corp. * |
2,692 |
60,705 |
Steelcase,
Inc., Class A |
31,763 |
254,104 |
Taylor
Morrison Home Corp. * |
34,159 |
1,471,911 |
Tri
Pointe Homes, Inc. * |
14,043 |
402,753 |
|
|
7,639,260 |
INVESTMENTS |
SHARES |
VALUE
($) |
| ||
Industrial
Engineering — 1.1% | ||
Albany
International Corp., Class A |
5,744 |
523,910 |
Astec
Industries, Inc. |
527 |
21,755 |
Columbus
McKinnon Corp. |
10,790 |
374,521 |
EnPro
Industries, Inc. |
6,616 |
623,690 |
Franklin
Electric Co., Inc. |
12,528 |
1,120,880 |
Hillenbrand,
Inc. |
21,424 |
977,363 |
John
Bean Technologies Corp. |
1,840 |
200,026 |
Tennant
Co. |
219 |
16,736 |
Titan
Machinery, Inc. * |
5,625 |
176,344 |
|
|
4,035,225 |
Industrial
Materials — 2.1% | ||
Boise
Cascade Co. |
17,717 |
1,210,248 |
Clearwater
Paper Corp. * |
20,991 |
757,775 |
Koppers
Holdings, Inc. |
21,734 |
713,093 |
Materion
Corp. |
10,503 |
1,137,580 |
Mativ
Holdings, Inc. |
42,715 |
827,390 |
Minerals
Technologies, Inc. |
16,130 |
955,864 |
Sylvamo
Corp. |
24,760 |
1,134,503 |
Tredegar
Corp. |
17,772 |
166,701 |
UFP
Industries, Inc. |
14,364 |
1,127,861 |
|
|
8,031,015 |
Industrial
Metals & Mining — 3.6% | ||
Arconic
Corp. * |
2,275 |
56,306 |
Carpenter
Technology Corp. |
23,716 |
1,250,782 |
Commercial
Metals Co. |
22,982 |
1,073,030 |
Compass
Minerals International, Inc. |
23,809 |
779,269 |
Constellium
SE * |
54,225 |
805,241 |
GrafTech
International Ltd. |
148,732 |
700,528 |
Haynes
International, Inc. |
12,544 |
589,693 |
Kaiser
Aluminum Corp. |
3,362 |
220,951 |
Mueller
Industries, Inc. |
16,549 |
1,189,046 |
Olympic
Steel, Inc. |
11,954 |
556,698 |
Piedmont
Lithium, Inc. *
(a) |
16,595 |
954,212 |
RBC
Bearings, Inc. * |
5,005 |
1,136,185 |
Ryerson
Holding Corp. |
24,772 |
935,638 |
Schnitzer
Steel Industries, Inc., Class A |
23,390 |
675,737 |
TimkenSteel
Corp. * |
46,264 |
774,459 |
US
Silica Holdings, Inc. * |
72,694 |
948,657 |
Worthington
Industries, Inc. |
19,898 |
1,181,742 |
|
|
13,828,174 |
Industrial
Support Services — 2.4% | ||
ABM
Industries, Inc. |
15,600 |
664,248 |
Applied
Industrial Technologies, Inc. |
8,629 |
1,170,610 |
162
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE
($) |
Common
Stocks — continued | ||
Industrial
Support Services — continued | ||
ASGN,
Inc. * |
7,174 |
513,587 |
CoreCivic,
Inc., REIT * |
59,180 |
520,192 |
CRA
International, Inc. |
5,648 |
593,831 |
DXP
Enterprises, Inc. * |
1,697 |
42,764 |
EVERTEC,
Inc. (Puerto Rico) |
13,599 |
471,749 |
ExlService
Holdings, Inc. * |
6,290 |
1,122,010 |
Forrester
Research, Inc. * |
2,723 |
84,250 |
Heidrick
& Struggles International, Inc. |
7,640 |
191,840 |
Insperity,
Inc. |
6,043 |
740,026 |
Korn
Ferry |
8,793 |
422,240 |
Maximus,
Inc. |
15,050 |
1,258,933 |
Pitney
Bowes, Inc. |
60,202 |
211,309 |
Resources
Connection, Inc. |
8,220 |
119,930 |
TriNet
Group, Inc. * |
9,435 |
875,379 |
TrueBlue,
Inc. * |
5,992 |
90,779 |
UniFirst
Corp. |
33 |
5,401 |
|
|
9,099,078 |
Industrial
Transportation — 2.8% | ||
ArcBest
Corp. |
8,901 |
840,254 |
Costamare,
Inc. (Monaco) |
28,510 |
257,445 |
DHT
Holdings, Inc. |
102,364 |
971,434 |
Federal
Signal Corp. |
10,676 |
548,533 |
Forward
Air Corp. |
6,961 |
734,455 |
Frontline
plc (Norway) (a) |
64,968 |
1,005,055 |
GATX
Corp. |
6,574 |
748,844 |
Genco
Shipping & Trading Ltd. |
26,323 |
405,638 |
Hub
Group, Inc., Class A * |
2,762 |
208,255 |
Matson,
Inc. |
13,980 |
951,059 |
McGrath
RentCorp |
5,911 |
525,370 |
Saia,
Inc. * |
4,167 |
1,240,808 |
Scorpio
Tankers, Inc. (Monaco) |
5,648 |
295,108 |
Triton
International Ltd. (Bermuda) |
17,878 |
1,477,974 |
Wabash
National Corp. |
9,426 |
241,966 |
|
|
10,452,198 |
Investment
Banking & Brokerage Services — 1.2% | ||
Artisan
Partners Asset Management, Inc.,
Class
A |
29,437 |
1,020,581 |
Brightsphere
Investment Group, Inc. |
24,075 |
543,613 |
Cohen
& Steers, Inc. |
3,647 |
219,039 |
Federated
Hermes, Inc. |
28,916 |
1,196,833 |
Houlihan
Lokey, Inc. |
8,444 |
771,613 |
INVESTMENTS |
SHARES |
VALUE
($) |
| ||
Investment
Banking & Brokerage Services — continued | ||
Moelis
& Co., Class A |
17,679 |
669,680 |
Virtus
Investment Partners, Inc. |
155 |
28,243 |
|
|
4,449,602 |
Leisure
Goods — 1.0% | ||
Camping
World Holdings, Inc., Class A (a) |
32,857 |
735,668 |
Fox
Factory Holding Corp. * |
654 |
72,509 |
LCI
Industries |
5,401 |
610,097 |
Smith
& Wesson Brands, Inc. |
79,322 |
953,451 |
Sturm
Ruger & Co., Inc. |
20,547 |
1,182,685 |
Universal
Electronics, Inc. * |
7,837 |
78,762 |
|
|
3,633,172 |
Life
Insurance — 1.2% | ||
American
Equity Investment Life Holding Co. |
29,194 |
1,125,137 |
CNO
Financial Group, Inc. |
47,640 |
1,069,042 |
Genworth
Financial, Inc., Class A * |
197,688 |
1,148,567 |
Jackson
Financial, Inc., Class A (a) |
27,966 |
1,007,056 |
National
Western Life Group, Inc., Class A |
574 |
146,358 |
|
|
4,496,160 |
Media
— 0.4% | ||
Gray
Television, Inc. |
28,011 |
215,965 |
QuinStreet,
Inc. * |
6,444 |
71,593 |
Scholastic
Corp. |
5,796 |
222,972 |
TEGNA,
Inc. |
64,743 |
1,107,105 |
|
|
1,617,635 |
Medical
Equipment & Services — 3.5% | ||
AdaptHealth
Corp. * |
32,194 |
382,465 |
Anika
Therapeutics, Inc. * |
3,633 |
93,223 |
AtriCure,
Inc. * |
14,914 |
656,067 |
Atrion
Corp. |
362 |
222,739 |
Avanos
Medical, Inc. * |
11,104 |
328,012 |
CONMED
Corp. |
10,194 |
1,280,061 |
Fulgent
Genetics, Inc. * |
17,956 |
530,959 |
Haemonetics
Corp. * |
10,540 |
882,303 |
Integer
Holdings Corp. * |
11,948 |
983,918 |
Lantheus
Holdings, Inc. * |
15,624 |
1,335,071 |
Merit
Medical Systems, Inc. * |
17,679 |
1,437,126 |
Neogen
Corp. * |
28,782 |
495,626 |
NeoGenomics,
Inc. * |
35,770 |
522,957 |
OraSure
Technologies, Inc. * |
79,365 |
539,682 |
Orthofix
Medical, Inc. * |
6,773 |
127,536 |
Owens
& Minor, Inc. * |
30,084 |
467,505 |
Patterson
Cos., Inc. |
40,512 |
1,098,280 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
163
|
INVESTMENTS |
SHARES |
VALUE
($) |
Common
Stocks — continued | ||
Medical
Equipment & Services — continued | ||
STAAR
Surgical Co. * |
9,516 |
670,592 |
Surmodics,
Inc. *
(a) |
4,384 |
101,007 |
UFP
Technologies, Inc. * |
2,700 |
372,168 |
Varex
Imaging Corp. * |
32,212 |
571,441 |
Zynex,
Inc. *
(a) |
18,738 |
214,363 |
|
|
13,313,101 |
Mortgage
Real Estate Investment Trusts — 1.6% | ||
Apollo
Commercial Real Estate Finance, Inc. (a) |
75,433 |
763,382 |
Arbor
Realty Trust, Inc. (a) |
44,268 |
507,754 |
Dynex
Capital, Inc. (a) |
44,704 |
530,189 |
Ellington
Financial, Inc. (a) |
61,798 |
789,161 |
KKR
Real Estate Finance Trust, Inc. |
37,999 |
408,109 |
Ladder
Capital Corp. |
68,227 |
637,923 |
MFA
Financial, Inc. |
40,023 |
427,846 |
New
York Mortgage Trust, Inc. (a) |
30,537 |
313,920 |
PennyMac
Mortgage Investment Trust |
14,584 |
181,279 |
Ready
Capital Corp. (a) |
36,914 |
396,087 |
Redwood
Trust, Inc. (a) |
67,543 |
424,170 |
TPG
RE Finance Trust, Inc. |
16,248 |
115,848 |
Two
Harbors Investment Corp. (a) |
33,873 |
471,851 |
|
|
5,967,519 |
Nonequity
Investment Instruments — 0.0% ^ | ||
OmniAb,
Inc. *
(a) |
26,736 |
93,041 |
OmniAb,
Inc. ‡
* |
1,382 |
— |
|
|
93,041 |
Non-life
Insurance — 1.3% | ||
Employers
Holdings, Inc. |
14,785 |
585,338 |
Essent
Group Ltd. |
9,830 |
417,480 |
Horace
Mann Educators Corp. |
9,628 |
301,164 |
RLI
Corp. |
9,178 |
1,276,201 |
Safety
Insurance Group, Inc. |
4,944 |
361,357 |
Selective
Insurance Group, Inc. |
9,709 |
935,268 |
Stewart
Information Services Corp. |
22,065 |
919,007 |
|
|
4,795,815 |
Non-Renewable
Energy — 5.9% | ||
Alpha
Metallurgical Resources, Inc. |
4,821 |
706,566 |
Arch
Resources, Inc. (a) |
5,232 |
639,612 |
Archrock,
Inc. |
108,229 |
1,113,676 |
Berry
Corp. |
58,358 |
445,855 |
Cactus,
Inc., Class A |
21,830 |
883,678 |
ChampionX
Corp. |
25,321 |
685,693 |
Chord
Energy Corp. |
5,706 |
812,135 |
INVESTMENTS |
SHARES |
VALUE
($) |
| ||
Non-Renewable
Energy — continued | ||
Civitas
Resources, Inc. |
17,054 |
1,177,579 |
CNX
Resources Corp. * |
50,914 |
790,694 |
Comstock
Resources, Inc. (a) |
62,440 |
718,060 |
CONSOL
Energy, Inc. |
15,777 |
936,207 |
CVR
Energy, Inc. |
24,597 |
647,885 |
Delek
US Holdings, Inc. |
23,576 |
512,778 |
DMC
Global, Inc. * |
7,562 |
143,224 |
Helix
Energy Solutions Group, Inc. * |
107,479 |
779,223 |
Magnolia
Oil & Gas Corp., Class A |
41,148 |
869,046 |
Matador
Resources Co. |
17,544 |
860,182 |
MRC
Global, Inc. * |
29,119 |
283,619 |
Nabors
Industries Ltd. * |
4,460 |
444,840 |
Newpark
Resources, Inc. * |
4,931 |
19,724 |
Northern
Oil and Gas, Inc. |
14,229 |
471,976 |
NOW,
Inc. * |
43,893 |
468,338 |
Patterson-UTI
Energy, Inc. |
63,059 |
705,630 |
PBF
Energy, Inc., Class A |
25,940 |
904,268 |
Permian
Resources Corp. |
105,118 |
1,098,483 |
ProPetro
Holding Corp. * |
10,175 |
70,615 |
Ranger
Oil Corp. |
23,648 |
974,298 |
RPC,
Inc. |
29,540 |
218,301 |
SandRidge
Energy, Inc. * |
35,641 |
505,033 |
SM
Energy Co. |
23,230 |
652,298 |
Solaris
Oilfield Infrastructure, Inc., Class A |
53,742 |
412,739 |
SunCoke
Energy, Inc. |
94,841 |
737,863 |
Warrior
Met Coal, Inc. |
19,371 |
669,656 |
World
Fuel Services Corp. |
36,142 |
854,397 |
|
|
22,214,171 |
Personal
Care, Drug & Grocery Stores — 2.8% | ||
ACCO
Brands Corp. |
85,931 |
393,564 |
Chefs'
Warehouse, Inc. (The) * |
26,539 |
882,687 |
Edgewell
Personal Care Co. |
28,258 |
1,234,027 |
Energizer
Holdings, Inc. |
27,835 |
930,524 |
Ingles
Markets, Inc., Class A |
11,945 |
1,099,418 |
Nu
Skin Enterprises, Inc., Class A |
20,295 |
800,841 |
PetMed
Express, Inc. (a) |
45,015 |
691,880 |
Rite
Aid Corp. *
(a) |
16,830 |
35,343 |
SpartanNash
Co. |
36,450 |
893,754 |
Sprouts
Farmers Market, Inc. * |
32,738 |
1,134,699 |
United
Natural Foods, Inc. * |
25,086 |
684,095 |
Veru,
Inc. *
(a) |
225,878 |
286,865 |
WD-40
Co. (a) |
5,122 |
975,229 |
Weis
Markets, Inc. |
7,435 |
613,313 |
|
|
10,656,239 |
164
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE
($) |
Common
Stocks — continued | ||
Personal
Goods — 0.8% | ||
Movado
Group, Inc. |
17,600 |
450,912 |
Oxford
Industries, Inc. |
9,033 |
932,115 |
Signet
Jewelers Ltd. (a) |
15,976 |
1,175,514 |
Steven
Madden Ltd. |
18,664 |
653,987 |
|
|
3,212,528 |
Pharmaceuticals,
Biotechnology & Marijuana Producers — 4.6% | ||
Amphastar
Pharmaceuticals, Inc. * |
24,259 |
867,744 |
ANI
Pharmaceuticals, Inc. * |
7,561 |
285,201 |
Arcus
Biosciences, Inc. * |
12,237 |
218,431 |
Arrowhead
Pharmaceuticals, Inc. * |
23,608 |
835,959 |
Castle
Biosciences, Inc. * |
11,944 |
270,293 |
Catalyst
Pharmaceuticals, Inc. * |
80,566 |
1,282,611 |
Collegium
Pharmaceutical, Inc. * |
30,536 |
710,573 |
Corcept
Therapeutics, Inc. *
(a) |
42,836 |
965,095 |
Dynavax
Technologies Corp. * |
65,782 |
684,791 |
Eagle
Pharmaceuticals, Inc. * |
6,242 |
175,275 |
Halozyme
Therapeutics, Inc. * |
22,640 |
727,423 |
Harmony
Biosciences Holdings, Inc. * |
12,914 |
416,347 |
Heska
Corp. * |
2,171 |
254,354 |
Innoviva,
Inc. * |
61,051 |
716,128 |
Ironwood
Pharmaceuticals, Inc. * |
109,450 |
1,139,375 |
Ligand
Pharmaceuticals, Inc. * |
8,243 |
629,353 |
Medpace
Holdings, Inc. * |
5,791 |
1,159,011 |
Myriad
Genetics, Inc. * |
15,891 |
338,319 |
Pacira
BioSciences, Inc. * |
18,731 |
848,702 |
PDL
BioPharma, Inc. ‡
* |
22,361 |
31,810 |
Prestige
Consumer Healthcare, Inc. * |
19,913 |
1,225,247 |
Prothena
Corp. plc (Ireland) * |
20,749 |
1,091,812 |
Supernus
Pharmaceuticals, Inc. * |
28,512 |
1,050,952 |
Travere
Therapeutics, Inc. * |
17,297 |
373,096 |
Vanda
Pharmaceuticals, Inc. * |
32,791 |
201,337 |
Vir
Biotechnology, Inc. * |
29,591 |
744,214 |
VZS
Enterprises, Inc. ‡
* |
1,382 |
— |
Xencor,
Inc. * |
11,862 |
313,631 |
|
|
17,557,084 |
Precious
Metals & Mining — 0.3% | ||
Hecla
Mining Co. |
174,406 |
1,055,156 |
Real
Estate Investment & Services — 0.8% | ||
Anywhere
Real Estate, Inc. * |
27,977 |
178,213 |
Douglas
Elliman, Inc. |
68,387 |
218,155 |
eXp
World Holdings, Inc. (a) |
35,653 |
416,784 |
Kennedy-Wilson
Holdings, Inc. |
32,935 |
552,649 |
Marcus
& Millichap, Inc. |
15,862 |
499,177 |
INVESTMENTS |
SHARES |
VALUE
($) |
| ||
Real
Estate Investment & Services — continued | ||
Newmark
Group, Inc., Class A |
100,685 |
638,343 |
St.
Joe Co. (The) |
15,737 |
646,791 |
|
|
3,150,112 |
Real
Estate Investment Trusts — 9.4% | ||
Agree
Realty Corp. |
17,664 |
1,200,975 |
Alexander
& Baldwin, Inc. |
27,269 |
524,383 |
American
Assets Trust, Inc. |
5,362 |
97,588 |
Apartment
Investment and Management Co.,
Class
A |
100,746 |
788,841 |
Apple
Hospitality REIT, Inc. |
72,986 |
1,086,762 |
Ares
Commercial Real Estate Corp. |
83,284 |
717,075 |
Bluerock
Homes Trust, Inc. * |
2,458 |
48,570 |
Brandywine
Realty Trust |
45,161 |
177,483 |
Broadstone
Net Lease, Inc. |
59,428 |
960,951 |
CareTrust
REIT, Inc. |
62,190 |
1,212,083 |
Community
Healthcare Trust, Inc. |
11,057 |
395,730 |
Corporate
Office Properties Trust |
48,390 |
1,107,647 |
DiamondRock
Hospitality Co. |
93,447 |
757,855 |
Easterly
Government Properties, Inc. (a) |
18,949 |
266,612 |
Equity
Commonwealth |
39,924 |
827,225 |
Essential
Properties Realty Trust, Inc. |
37,537 |
929,041 |
Four
Corners Property Trust, Inc. |
45,092 |
1,150,297 |
GEO
Group, Inc. (The) *
(a) |
135,553 |
1,020,714 |
Getty
Realty Corp. |
17,155 |
571,776 |
Global
Net Lease, Inc. (a) |
52,088 |
586,511 |
Hannon
Armstrong Sustainable Infrastructure
Capital,
Inc. (a) |
2,170 |
61,585 |
Independence
Realty Trust, Inc. |
54,255 |
903,346 |
Industrial
Logistics Properties Trust |
16,515 |
34,021 |
Innovative
Industrial Properties, Inc. |
6,122 |
419,663 |
Kite
Realty Group Trust |
56,872 |
1,178,388 |
LTC
Properties, Inc. (a) |
35,216 |
1,177,975 |
LXP
Industrial Trust |
29,853 |
280,618 |
Macerich
Co. (The) |
73,790 |
737,162 |
National
Health Investors, Inc. |
23,036 |
1,146,502 |
NexPoint
Residential Trust, Inc. |
276 |
11,849 |
Office
Properties Income Trust (a) |
17,449 |
113,768 |
Pebblebrook
Hotel Trust |
48,823 |
694,751 |
Phillips
Edison & Co., Inc. |
36,387 |
1,147,646 |
Physicians
Realty Trust |
83,879 |
1,209,535 |
Piedmont
Office Realty Trust, Inc., Class A |
22,901 |
149,086 |
PotlatchDeltic
Corp. (a) |
26,552 |
1,227,499 |
Retail
Opportunity Investments Corp. |
57,106 |
744,091 |
RLJ
Lodging Trust |
40,539 |
409,444 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
165
|
INVESTMENTS |
SHARES |
VALUE
($) |
Common
Stocks — continued | ||
Real
Estate Investment Trusts — continued | ||
RPT
Realty |
59,990 |
557,907 |
Ryman
Hospitality Properties, Inc. |
13,039 |
1,169,077 |
Sabra
Health Care REIT, Inc. |
103,702 |
1,182,203 |
SITE
Centers Corp. |
72,718 |
897,340 |
STAG
Industrial, Inc. |
34,320 |
1,162,418 |
Star
Holdings * |
7,421 |
119,775 |
Summit
Hotel Properties, Inc. |
18,896 |
121,690 |
Sunstone
Hotel Investors, Inc. |
115,282 |
1,098,637 |
Tanger
Factory Outlet Centers, Inc. (a) |
65,812 |
1,290,573 |
Terreno
Realty Corp. |
19,376 |
1,193,368 |
Urban
Edge Properties |
48,095 |
705,554 |
Whitestone |
27,263 |
244,004 |
|
|
35,817,594 |
Renewable
Energy — 0.5% | ||
Arcosa,
Inc. |
20,244 |
1,367,280 |
REX
American Resources Corp. * |
11,730 |
331,842 |
|
|
1,699,122 |
Retailers
— 2.6% | ||
Abercrombie
& Fitch Co., Class A * |
669 |
15,748 |
Academy
Sports & Outdoors, Inc. |
5,599 |
355,649 |
America's
Car-Mart, Inc. *
(a) |
2,926 |
235,221 |
Asbury
Automotive Group, Inc. * |
1,879 |
363,511 |
Big
5 Sporting Goods Corp. (a) |
58,890 |
464,053 |
Buckle,
Inc. (The) |
30,609 |
1,026,320 |
Caleres,
Inc. |
3,691 |
84,155 |
Citi
Trends, Inc. * |
13,415 |
231,543 |
Dillard's,
Inc., Class A (a) |
3,411 |
1,017,808 |
Genesco,
Inc. * |
9,506 |
329,478 |
Global
Industrial Co. |
2,076 |
55,325 |
Group
1 Automotive, Inc. |
5,355 |
1,202,090 |
Haverty
Furniture Cos., Inc. |
26,006 |
783,821 |
Hibbett,
Inc. |
11,300 |
613,929 |
Murphy
USA, Inc. |
4,521 |
1,244,315 |
ODP
Corp. (The) * |
11,944 |
516,100 |
PriceSmart,
Inc. |
2,688 |
198,052 |
Shoe
Carnival, Inc. |
35,676 |
829,467 |
Zumiez,
Inc. * |
25,803 |
451,166 |
|
|
10,017,751 |
Software
& Computer Services — 3.9% | ||
A10
Networks, Inc. |
20,947 |
296,191 |
Agilysys,
Inc. * |
10,715 |
836,199 |
Alarm.com
Holdings, Inc. * |
4,639 |
221,234 |
Appfolio,
Inc., Class A * |
3,729 |
520,643 |
INVESTMENTS |
SHARES |
VALUE
($) |
| ||
Software
& Computer Services — continued | ||
Avid
Technology, Inc. * |
22,273 |
657,276 |
Cerence,
Inc. * |
17,789 |
454,509 |
Consensus
Cloud Solutions, Inc. * |
8,119 |
303,082 |
CSG
Systems International, Inc. |
16,583 |
873,592 |
MicroStrategy,
Inc., Class A *
(a) |
3,310 |
1,086,938 |
Mitek
Systems, Inc. * |
17,748 |
160,087 |
NetScout
Systems, Inc. * |
25,330 |
689,229 |
OneSpan,
Inc. * |
13,199 |
194,553 |
Perficient,
Inc. * |
10,742 |
697,371 |
Progress
Software Corp. |
21,064 |
1,155,992 |
Qualys,
Inc. * |
7,654 |
864,443 |
Shutterstock,
Inc. |
14,103 |
944,901 |
Simulations
Plus, Inc. (a) |
12,033 |
502,378 |
SPS
Commerce, Inc. * |
8,330 |
1,227,009 |
Veradigm,
Inc. * |
48,453 |
605,178 |
Verint
Systems, Inc. * |
17,503 |
638,684 |
Workiva,
Inc. * |
12,405 |
1,158,875 |
Ziff
Davis, Inc. * |
11,919 |
871,756 |
|
|
14,960,120 |
Technology
Hardware & Equipment — 6.6% | ||
Adeia,
Inc. |
68,409 |
522,645 |
Advanced
Energy Industries, Inc. |
12,437 |
1,075,801 |
Alpha
& Omega Semiconductor Ltd. * |
21,621 |
516,310 |
Amkor
Technology, Inc. |
43,757 |
978,844 |
Axcelis
Technologies, Inc. * |
9,524 |
1,126,689 |
Benchmark
Electronics, Inc. |
14,755 |
315,019 |
CEVA,
Inc. * |
9,333 |
234,538 |
Cohu,
Inc. * |
29,669 |
1,003,999 |
CTS
Corp. |
17,000 |
666,570 |
Diodes,
Inc. * |
13,312 |
1,060,966 |
Fabrinet
(Thailand) * |
9,356 |
888,352 |
FormFactor,
Inc. * |
32,800 |
895,768 |
Ichor
Holdings Ltd. * |
13,218 |
368,121 |
Insight
Enterprises, Inc. * |
9,015 |
1,090,364 |
Kulicke
& Soffa Industries, Inc. (Singapore) |
21,696 |
1,034,031 |
MaxLinear,
Inc. * |
22,585 |
544,976 |
Methode
Electronics, Inc. |
17,802 |
729,704 |
Novanta,
Inc. * |
7,361 |
1,125,055 |
Onto
Innovation, Inc. * |
14,544 |
1,177,773 |
PC
Connection, Inc. |
5,516 |
222,129 |
Photronics,
Inc. * |
48,838 |
706,198 |
Plexus
Corp. * |
9,542 |
834,639 |
Power
Integrations, Inc. |
14,683 |
1,068,629 |
Rambus,
Inc. * |
27,856 |
1,235,135 |
166
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE
($) |
Common
Stocks — continued | ||
Technology
Hardware & Equipment — continued | ||
Sanmina
Corp. * |
12,627 |
659,887 |
ScanSource,
Inc. * |
10,314 |
282,088 |
Semtech
Corp. * |
16,552 |
322,599 |
SiTime
Corp. * |
5,261 |
570,661 |
SMART
Global Holdings, Inc. * |
18,755 |
289,202 |
Super
Micro Computer, Inc. * |
4,147 |
437,218 |
Synaptics,
Inc. * |
6,017 |
532,866 |
TTM
Technologies, Inc. * |
50,923 |
601,401 |
Ultra
Clean Holdings, Inc. * |
31,036 |
885,767 |
Vishay
Intertechnology, Inc. |
43,956 |
935,823 |
|
|
24,939,767 |
Telecommunications
Equipment — 2.7% | ||
ADTRAN
Holdings, Inc. |
50,930 |
464,482 |
Aviat
Networks, Inc. * |
15,429 |
506,225 |
Calix,
Inc. * |
17,604 |
804,503 |
Cambium
Networks Corp. * |
31,480 |
476,607 |
Clearfield,
Inc. * |
9,956 |
434,878 |
CommScope
Holding Co., Inc. * |
70,567 |
347,895 |
Comtech
Telecommunications Corp. |
25,630 |
265,270 |
Digi
International, Inc. * |
19,347 |
583,505 |
EchoStar
Corp., Class A * |
53,244 |
908,875 |
Extreme
Networks, Inc. * |
68,709 |
1,221,646 |
Harmonic,
Inc. * |
92,817 |
1,307,792 |
Infinera
Corp. *
(a) |
74,317 |
470,427 |
InterDigital,
Inc. |
16,944 |
1,147,787 |
Lightwave
Logic, Inc. *
(a) |
31,434 |
141,453 |
NETGEAR,
Inc. * |
16,121 |
227,790 |
Ribbon
Communications, Inc. * |
1,005 |
2,573 |
Viavi
Solutions, Inc. * |
87,042 |
779,896 |
|
|
10,091,604 |
Telecommunications
Service Providers — 2.3% | ||
Anterix,
Inc. * |
1,586 |
50,086 |
Cogent
Communications Holdings, Inc. (a) |
19,443 |
1,342,345 |
Consolidated
Communications Holdings, Inc. * |
90,180 |
348,997 |
Globalstar,
Inc. *
(a) |
673,550 |
610,236 |
Gogo,
Inc. * |
65,064 |
872,508 |
IDT
Corp., Class B * |
35,095 |
1,165,505 |
Iridium
Communications, Inc. |
19,715 |
1,251,311 |
Liberty
Latin America Ltd., Class C (Puerto
Rico) * |
104,265 |
925,873 |
Shenandoah
Telecommunications Co. |
39,256 |
816,917 |
Telephone
and Data Systems, Inc. |
84,065 |
840,650 |
INVESTMENTS |
SHARES |
VALUE
($) |
| ||
Telecommunications
Service Providers — continued | ||
WideOpenWest,
Inc. * |
29,007 |
331,550 |
Xperi,
Inc. * |
20,120 |
190,939 |
|
|
8,746,917 |
Tobacco
— 0.8% | ||
22nd
Century Group, Inc. *
(a) |
85,804 |
60,955 |
Turning
Point Brands, Inc. |
30,154 |
717,364 |
Universal
Corp. |
16,282 |
893,719 |
Vector
Group Ltd. |
93,078 |
1,185,814 |
|
|
2,857,852 |
Travel
& Leisure — 0.3% | ||
Biglari
Holdings, Inc., Class B * |
233 |
40,356 |
Bloomin'
Brands, Inc. |
33,139 |
820,853 |
Chuy's
Holdings, Inc. * |
2,872 |
100,175 |
El
Pollo Loco Holdings, Inc. |
5,792 |
53,981 |
Ruth's
Hospitality Group, Inc. |
4,704 |
76,017 |
|
|
1,091,382 |
Waste
& Disposal Services — 0.5% | ||
Casella
Waste Systems, Inc., Class A * |
16,072 |
1,430,408 |
Vertex
Energy, Inc. *
(a) |
76,670 |
605,693 |
|
|
2,036,101 |
Total
Common Stocks
(Cost
$390,189,700) |
|
379,118,269 |
|
NO.
OF
RIGHTS |
|
Rights—0.0%
^ | ||
Pharmaceuticals,
Biotechnology & Marijuana Producers — 0.0% ^ | ||
Achillion
Pharmaceuticals, Inc. ‡
*(Cost
$—) |
12,757 |
6,379 |
|
SHARES |
|
Short-Term
Investments — 6.2% | ||
Investment
Companies — 0.2% | ||
JPMorgan
U.S. Government Money Market Fund
Class
IM Shares, 4.78% (b)
(c)(Cost
$685,213) |
685,213 |
685,213 |
Investment
of Cash Collateral from Securities Loaned — 6.0% | ||
JPMorgan
Securities Lending Money Market
Fund
Class Agency SL Shares, 5.01% (b)
(c) |
17,644,232 |
17,645,997 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
167
|
INVESTMENTS |
SHARES |
VALUE
($) |
Short-Term
Investments — continued | ||
Investment
of Cash Collateral from Securities Loaned —
continued | ||
JPMorgan
U.S. Government Money Market Fund
Class
IM Shares, 4.78% (b)
(c) |
5,301,298 |
5,301,298 |
Total
Investment of Cash Collateral from
Securities
Loaned
(Cost
$22,951,188) |
|
22,947,295 |
Total
Short-Term Investments
(Cost
$23,636,401) |
|
23,632,508 |
Total
Investments — 106.0%
(Cost
$413,826,101) |
|
402,757,156 |
Liabilities
in Excess of Other Assets — (6.0)% |
|
(22,886,420
) |
NET
ASSETS — 100.0% |
|
379,870,736 |
Percentages
indicated are based on net
assets. |
Abbreviations |
|
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
April
30, 2023. The total value of securities on loan at
April
30, 2023 is $22,458,095. |
|
(b) |
Investment
in an affiliated fund, which is registered
under
the Investment Company Act of 1940, as
amended,
and is advised by J.P. Morgan Investment
Management
Inc. |
|
(c) |
The
rate shown is the current yield as of April 30,
2023. |
|
DESCRIPTION |
NUMBER
OF
CONTRACTS |
EXPIRATION
DATE |
TRADING
CURRENCY |
NOTIONAL
AMOUNT
($) |
VALUE
AND
UNREALIZED
APPRECIATION
(DEPRECIATION)
($) |
Long
Contracts |
|
|
|
|
|
Russell
2000 E-Mini Index |
5 |
06/16/2023 |
USD |
443,650 |
1,574 |
Abbreviations |
|
USD |
United
States Dollar |
168
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE
($) |
Common
Stocks — 99.7% | ||
Aerospace
& Defense — 3.3% | ||
Axon
Enterprise, Inc. * |
2,354 |
496,011 |
BWX
Technologies, Inc. |
3,067 |
198,067 |
Curtiss-Wright
Corp. |
1,875 |
318,431 |
General
Dynamics Corp. |
4,743 |
1,035,587 |
HEICO
Corp. |
1,622 |
273,534 |
Howmet
Aerospace, Inc. |
15,234 |
674,714 |
Huntington
Ingalls Industries, Inc. |
2,506 |
505,360 |
Lockheed
Martin Corp. |
3,635 |
1,688,276 |
Northrop
Grumman Corp. |
2,609 |
1,203,453 |
Raytheon
Technologies Corp. |
11,346 |
1,133,465 |
Textron,
Inc. |
7,122 |
476,747 |
|
|
8,003,645 |
Automobiles
& Parts — 0.9% | ||
BorgWarner,
Inc. |
12,122 |
583,432 |
Gentex
Corp. |
9,357 |
258,160 |
Genuine
Parts Co. |
4,392 |
739,217 |
LKQ
Corp. |
10,252 |
591,848 |
|
|
2,172,657 |
Banks
— 0.8% | ||
Bank
OZK |
5,151 |
183,994 |
Discover
Financial Services |
3,667 |
379,424 |
East
West Bancorp, Inc. |
6,495 |
335,727 |
First
Horizon Corp. |
28,430 |
498,946 |
Popular,
Inc. (Puerto Rico) |
879 |
52,749 |
Regions
Financial Corp. |
28,832 |
526,472 |
|
|
1,977,312 |
Beverages
— 1.3% | ||
Coca-Cola
Co. (The) |
8,967 |
575,233 |
Constellation
Brands, Inc., Class A |
2,204 |
505,752 |
Monster
Beverage Corp. * |
17,852 |
999,712 |
PepsiCo,
Inc. |
5,495 |
1,048,941 |
|
|
3,129,638 |
Chemicals
— 1.1% | ||
Albemarle
Corp. |
3,037 |
563,242 |
Ashland,
Inc. |
1,510 |
153,431 |
CF
Industries Holdings, Inc. |
6,965 |
498,555 |
Huntsman
Corp. |
201 |
5,385 |
Mosaic
Co. (The) |
12,257 |
525,212 |
Olin
Corp. |
7,942 |
439,987 |
Westlake
Corp. |
4,057 |
461,605 |
|
|
2,647,417 |
INVESTMENTS |
SHARES |
VALUE
($) |
| ||
Construction
& Materials — 1.5% | ||
Acuity
Brands, Inc. |
1,679 |
264,241 |
AECOM |
6,859 |
569,640 |
Builders
FirstSource, Inc. * |
7,051 |
668,223 |
Eagle
Materials, Inc. |
3,660 |
542,449 |
Louisiana-Pacific
Corp. |
3,888 |
232,269 |
MDU
Resources Group, Inc. |
4,951 |
144,668 |
Quanta
Services, Inc. |
4,579 |
776,781 |
Watsco,
Inc. |
1,249 |
432,629 |
|
|
3,630,900 |
Consumer
Services — 1.1% | ||
Avis
Budget Group, Inc. * |
2,364 |
417,648 |
Copart,
Inc. * |
11,630 |
919,351 |
Grand
Canyon Education, Inc. * |
2,663 |
316,098 |
H&R
Block, Inc. |
15,018 |
509,260 |
Rollins,
Inc. |
10,958 |
462,976 |
U-Haul
Holding Co. (a) |
263 |
16,059 |
|
|
2,641,392 |
Electricity
— 1.5% | ||
Consolidated
Edison, Inc. |
9,382 |
923,846 |
Exelon
Corp. |
21,721 |
921,839 |
FirstEnergy
Corp. |
9,504 |
378,259 |
OGE
Energy Corp. |
7,120 |
267,285 |
Southern
Co. (The) |
7,373 |
542,284 |
Vistra
Corp. |
23,854 |
569,156 |
|
|
3,602,669 |
Electronic
& Electrical Equipment — 1.1% | ||
Hubbell,
Inc. |
2,543 |
684,881 |
Keysight
Technologies, Inc. * |
4,844 |
700,636 |
Mettler-Toledo
International, Inc. * |
560 |
835,240 |
nVent
Electric plc |
12,260 |
514,062 |
|
|
2,734,819 |
Finance
& Credit Services — 0.1% | ||
Morningstar,
Inc. |
12 |
2,140 |
SLM
Corp. |
16,722 |
251,164 |
|
|
253,304 |
Food
Producers — 3.4% | ||
Archer-Daniels-Midland
Co. |
11,699 |
913,458 |
Bunge
Ltd. |
6,448 |
603,533 |
Campbell
Soup Co. |
11,378 |
617,825 |
Corteva,
Inc. |
15,783 |
964,657 |
General
Mills, Inc. |
12,831 |
1,137,212 |
Hershey
Co. (The) |
3,696 |
1,009,230 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
169
|
INVESTMENTS |
SHARES |
VALUE
($) |
Common
Stocks — continued | ||
Food
Producers — continued | ||
Ingredion,
Inc. |
1,926 |
204,483 |
J
M Smucker Co. (The) |
4,367 |
674,308 |
Kellogg
Co. |
9,752 |
680,397 |
Lamb
Weston Holdings, Inc. |
6,360 |
711,112 |
Pilgrim's
Pride Corp. * |
1,031 |
23,517 |
Post
Holdings, Inc. * |
5,838 |
528,281 |
|
|
8,068,013 |
Gas,
Water & Multi-utilities — 0.8% | ||
CenterPoint
Energy, Inc. |
22,002 |
670,401 |
National
Fuel Gas Co. |
4,181 |
233,718 |
NiSource,
Inc. |
20,157 |
573,668 |
Sempra
Energy |
2,608 |
405,518 |
WEC
Energy Group, Inc. |
683 |
65,684 |
|
|
1,948,989 |
General
Industrials — 0.7% | ||
Carlisle
Cos., Inc. |
2,185 |
471,632 |
Graphic
Packaging Holding Co. |
18,704 |
461,241 |
RPM
International, Inc. |
3,256 |
267,090 |
Valmont
Industries, Inc. |
1,679 |
487,850 |
|
|
1,687,813 |
Health
Care Providers — 3.0% | ||
Acadia
Healthcare Co., Inc. * |
1,960 |
141,689 |
Cigna
Group (The) |
5,056 |
1,280,634 |
HCA
Healthcare, Inc. |
1,824 |
524,090 |
Humana,
Inc. |
1,237 |
656,216 |
IQVIA
Holdings, Inc. * |
4,185 |
787,743 |
UnitedHealth
Group, Inc. |
7,681 |
3,779,743 |
|
|
7,170,115 |
Household
Goods & Home Construction — 0.7% | ||
DR
Horton, Inc. |
3,788 |
415,998 |
PulteGroup,
Inc. |
11,297 |
758,593 |
Tempur
Sealy International, Inc. |
12,561 |
470,661 |
|
|
1,645,252 |
Industrial
Engineering — 1.5% | ||
Caterpillar,
Inc. |
7,939 |
1,737,053 |
Deere
& Co. |
4,129 |
1,560,845 |
Lincoln
Electric Holdings, Inc. |
2,150 |
360,770 |
|
|
3,658,668 |
Industrial
Metals & Mining — 0.7% | ||
Nucor
Corp. |
5,646 |
836,624 |
INVESTMENTS |
SHARES |
VALUE
($) |
| ||
Industrial
Metals & Mining — continued | ||
Reliance
Steel & Aluminum Co. |
1,394 |
345,433 |
Steel
Dynamics, Inc. |
5,443 |
565,800 |
|
|
1,747,857 |
Industrial
Support Services — 2.7% | ||
American
Express Co. |
5,346 |
862,524 |
Automatic
Data Processing, Inc. |
1,497 |
329,340 |
Booz
Allen Hamilton Holding Corp. |
5,953 |
569,821 |
Cintas
Corp. |
2,068 |
942,532 |
Fair
Isaac Corp. * |
959 |
698,104 |
FTI
Consulting, Inc. * |
1,656 |
298,908 |
Jack
Henry & Associates, Inc. |
3,423 |
559,113 |
Paychex,
Inc. |
7,369 |
809,558 |
Paylocity
Holding Corp. * |
2,465 |
476,460 |
WW
Grainger, Inc. |
1,207 |
839,553 |
|
|
6,385,913 |
Industrial
Transportation — 1.9% | ||
Allison
Transmission Holdings, Inc. |
4,610 |
224,922 |
CH
Robinson Worldwide, Inc. |
5,694 |
574,354 |
JB
Hunt Transport Services, Inc. |
3,568 |
625,435 |
Old
Dominion Freight Line, Inc. |
2,495 |
799,373 |
PACCAR,
Inc. |
12,197 |
910,994 |
Ryder
System, Inc. |
3,843 |
304,212 |
United
Rentals, Inc. |
1,805 |
651,803 |
WillScot
Mobile Mini Holdings Corp. * |
11,404 |
517,741 |
|
|
4,608,834 |
Investment
Banking & Brokerage Services — 4.0% | ||
Ameriprise
Financial, Inc. |
2,592 |
790,871 |
Ares
Management Corp. |
7,534 |
659,903 |
Berkshire
Hathaway, Inc., Class B * |
11,534 |
3,789,496 |
Charles
Schwab Corp. (The) |
21,222 |
1,108,637 |
Jefferies
Financial Group, Inc. |
15,067 |
482,596 |
LPL
Financial Holdings, Inc. |
2,794 |
583,499 |
Morgan
Stanley |
19,122 |
1,720,406 |
Nasdaq,
Inc. |
7,646 |
423,359 |
|
|
9,558,767 |
Leisure
Goods — 0.5% | ||
Activision
Blizzard, Inc. * |
15,010 |
1,166,427 |
Life
Insurance — 1.0% | ||
Aflac,
Inc. |
11,369 |
794,124 |
Globe
Life, Inc. |
4,444 |
482,263 |
Primerica,
Inc. |
1,027 |
187,438 |
170
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE
($) |
Common
Stocks — continued | ||
Life
Insurance — continued | ||
Principal
Financial Group, Inc. |
4,942 |
369,118 |
Unum
Group |
12,836 |
541,679 |
|
|
2,374,622 |
Media
— 1.6% | ||
Interpublic
Group of Cos., Inc. (The) |
17,898 |
639,496 |
Liberty
Media Corp.-Liberty Formula One, Class C * |
8,693 |
627,548 |
Nexstar
Media Group, Inc. |
3,044 |
527,982 |
Omnicom
Group, Inc. |
7,539 |
682,807 |
Trade
Desk, Inc. (The), Class A * |
11,421 |
734,827 |
World
Wrestling Entertainment, Inc., Class A |
6,242 |
668,955 |
|
|
3,881,615 |
Medical
Equipment & Services — 3.9% | ||
Agilent
Technologies, Inc. |
6,515 |
882,326 |
Danaher
Corp. |
9,009 |
2,134,322 |
Dexcom,
Inc. * |
6,852 |
831,422 |
Insulet
Corp. * |
2,317 |
736,899 |
Quest
Diagnostics, Inc. |
4,475 |
621,175 |
Repligen
Corp. * |
2,570 |
389,689 |
ResMed,
Inc. |
3,154 |
759,988 |
Thermo
Fisher Scientific, Inc. |
5,210 |
2,891,029 |
|
|
9,246,850 |
Non-life
Insurance — 4.8% | ||
American
Financial Group, Inc. |
4,270 |
524,057 |
Aon
plc, Class A |
3,970 |
1,290,965 |
Arch
Capital Group Ltd. * |
10,809 |
811,432 |
Arthur
J Gallagher & Co. |
4,854 |
1,009,923 |
Assured
Guaranty Ltd. |
2,689 |
144,856 |
Brown
& Brown, Inc. |
4,543 |
292,524 |
Chubb
Ltd. |
7,116 |
1,434,301 |
Erie
Indemnity Co., Class A |
985 |
214,070 |
Everest
Re Group Ltd. |
1,590 |
601,020 |
Marsh
& McLennan Cos., Inc. |
8,589 |
1,547,652 |
Old
Republic International Corp. |
11,783 |
297,756 |
Progressive
Corp. (The) |
10,038 |
1,369,183 |
Reinsurance
Group of America, Inc. |
4,040 |
574,973 |
RenaissanceRe
Holdings Ltd. (Bermuda) |
2,261 |
487,042 |
Ryan
Specialty Holdings, Inc. * |
6,024 |
246,141 |
WR
Berkley Corp. |
8,736 |
514,725 |
|
|
11,360,620 |
Non-Renewable
Energy — 4.5% | ||
Antero
Resources Corp. * |
15,869 |
364,828 |
Cheniere
Energy, Inc. |
5,503 |
841,959 |
INVESTMENTS |
SHARES |
VALUE
($) |
| ||
Non-Renewable
Energy — continued | ||
Chevron
Corp. |
12,918 |
2,177,716 |
ConocoPhillips |
17,340 |
1,784,113 |
Coterra
Energy, Inc. |
4,859 |
124,390 |
Exxon
Mobil Corp. |
2,802 |
331,589 |
Hess
Corp. |
5,511 |
799,426 |
HF
Sinclair Corp. |
10,500 |
463,155 |
Marathon
Oil Corp. |
21,426 |
517,652 |
Marathon
Petroleum Corp. |
8,826 |
1,076,772 |
Occidental
Petroleum Corp. |
15,841 |
974,697 |
Targa
Resources Corp. |
8,148 |
615,418 |
Valero
Energy Corp. |
5,483 |
628,736 |
Vitesse
Energy, Inc. |
1,773 |
32,623 |
|
|
10,733,074 |
Personal
Care, Drug & Grocery Stores — 1.2% | ||
AmerisourceBergen
Corp. |
4,900 |
817,565 |
Casey's
General Stores, Inc. |
1,014 |
232,024 |
Grocery
Outlet Holding Corp. * |
458 |
13,639 |
Kroger
Co. (The) |
14,200 |
690,546 |
McKesson
Corp. |
2,970 |
1,081,793 |
|
|
2,835,567 |
Personal
Goods — 0.5% | ||
Deckers
Outdoor Corp. * |
1,422 |
681,622 |
Tapestry,
Inc. |
13,498 |
550,853 |
|
|
1,232,475 |
Pharmaceuticals,
Biotechnology & Marijuana Producers — 6.9% | ||
AbbVie,
Inc. |
22,599 |
3,415,161 |
Alnylam
Pharmaceuticals, Inc. * |
3,287 |
654,770 |
Bristol-Myers
Squibb Co. |
24,503 |
1,636,065 |
Cardinal
Health, Inc. |
9,229 |
757,701 |
Eli
Lilly & Co. |
10,895 |
4,312,895 |
Merck
& Co., Inc. |
6,355 |
733,812 |
Pfizer,
Inc. |
56,059 |
2,180,135 |
Seagen,
Inc. * |
4,066 |
813,200 |
United
Therapeutics Corp. * |
2,291 |
527,228 |
Vertex
Pharmaceuticals, Inc. * |
4,544 |
1,548,277 |
|
|
16,579,244 |
Real
Estate Investment & Services — 0.3% | ||
CBRE
Group, Inc., Class A * |
9,216 |
706,499 |
Real
Estate Investment Trusts — 2.8% | ||
Crown
Castle, Inc. |
1,842 |
226,732 |
CubeSmart |
8,488 |
386,119 |
Extra
Space Storage, Inc. |
3,881 |
590,067 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
171
|
INVESTMENTS |
SHARES |
VALUE
($) |
Common
Stocks — continued | ||
Real
Estate Investment Trusts — continued | ||
Gaming
and Leisure Properties, Inc. |
6,673 |
346,996 |
Invitation
Homes, Inc. |
15,321 |
511,262 |
Iron
Mountain, Inc. |
11,805 |
652,108 |
Life
Storage, Inc. |
4,486 |
602,829 |
Prologis,
Inc. |
12,302 |
1,540,826 |
VICI
Properties, Inc. |
17,915 |
608,035 |
Weyerhaeuser
Co. |
21,654 |
647,671 |
WP
Carey, Inc. |
7,125 |
528,675 |
|
|
6,641,320 |
Renewable
Energy — 0.3% | ||
First
Solar, Inc. * |
3,506 |
640,125 |
Retailers
— 6.9% | ||
AutoNation,
Inc. * |
3,798 |
500,197 |
AutoZone,
Inc. * |
411 |
1,094,620 |
BJ's
Wholesale Club Holdings, Inc. * |
8,024 |
612,793 |
Capri
Holdings Ltd. * |
526 |
21,829 |
Costco
Wholesale Corp. |
6,131 |
3,085,242 |
Dick's
Sporting Goods, Inc. |
4,240 |
614,842 |
Dollar
Tree, Inc. * |
5,636 |
866,310 |
GameStop
Corp., Class A *
(a) |
16,792 |
323,918 |
Home
Depot, Inc. (The) |
12,827 |
3,855,027 |
Lowe's
Cos., Inc. |
4,667 |
969,943 |
O'Reilly
Automotive, Inc. * |
1,288 |
1,181,495 |
Penske
Automotive Group, Inc. |
3,611 |
500,412 |
TJX
Cos., Inc. (The) |
19,554 |
1,541,246 |
Tractor
Supply Co. |
1,910 |
455,344 |
Ulta
Beauty, Inc. * |
1,500 |
827,145 |
|
|
16,450,363 |
Software
& Computer Services — 11.9% | ||
Alteryx,
Inc., Class A * |
6,217 |
255,705 |
Amdocs
Ltd. |
6,614 |
603,527 |
Bentley
Systems, Inc., Class B |
3,755 |
159,813 |
Black
Knight, Inc. * |
5,052 |
276,041 |
CACI
International, Inc., Class A * |
1,887 |
591,235 |
Cadence
Design Systems, Inc. * |
5,589 |
1,170,616 |
Ceridian
HCM Holding, Inc. * |
8,014 |
508,729 |
Cloudflare,
Inc., Class A * |
9,141 |
430,084 |
Concentrix
Corp. |
122 |
11,774 |
Dolby
Laboratories, Inc., Class A |
2,879 |
240,943 |
DXC
Technology Co. * |
18,860 |
449,811 |
Dynatrace,
Inc. * |
13,546 |
572,725 |
EPAM
Systems, Inc. * |
2,200 |
621,368 |
Fortinet,
Inc. * |
15,126 |
953,694 |
INVESTMENTS |
SHARES |
VALUE
($) |
| ||
Software
& Computer Services — continued | ||
Gartner,
Inc. * |
2,322 |
702,312 |
Gen
Digital, Inc. |
1,816 |
32,089 |
GoDaddy,
Inc., Class A * |
8,062 |
610,132 |
Hewlett
Packard Enterprise Co. |
46,191 |
661,455 |
International
Business Machines Corp. |
14,183 |
1,792,873 |
KBR,
Inc. |
10,219 |
579,724 |
Kyndryl
Holdings, Inc. * |
10,623 |
153,609 |
Leidos
Holdings, Inc. |
6,047 |
563,943 |
Manhattan
Associates, Inc. * |
3,971 |
657,915 |
Microsoft
Corp. |
18,027 |
5,538,976 |
MongoDB,
Inc. * |
1,785 |
428,329 |
NCR
Corp. * |
2,857 |
63,683 |
New
Relic, Inc. * |
3,568 |
255,005 |
Nutanix,
Inc., Class A * |
6,441 |
154,455 |
Oracle
Corp. |
23,161 |
2,193,810 |
Palo
Alto Networks, Inc. * |
5,873 |
1,071,588 |
Paycom
Software, Inc. * |
1,586 |
460,527 |
Pinterest,
Inc., Class A * |
5,016 |
115,368 |
Procore
Technologies, Inc. * |
7,435 |
397,103 |
PTC,
Inc. * |
5,111 |
642,913 |
Roper
Technologies, Inc. |
1,232 |
560,289 |
Science
Applications International Corp. |
5,023 |
512,497 |
ServiceNow,
Inc. * |
3,023 |
1,388,827 |
Synopsys,
Inc. * |
3,065 |
1,138,096 |
VMware,
Inc., Class A * |
5,377 |
672,286 |
Wix.com
Ltd. (Israel) * |
3,984 |
347,524 |
|
|
28,541,393 |
Technology
Hardware & Equipment — 14.5% | ||
Allegro
MicroSystems, Inc. (Japan) * |
11,317 |
404,809 |
Amphenol
Corp., Class A |
12,871 |
971,374 |
Analog
Devices, Inc. |
8,416 |
1,513,870 |
Apple,
Inc. |
29,629 |
5,027,449 |
Applied
Materials, Inc. |
13,753 |
1,554,502 |
Avnet,
Inc. |
11,746 |
484,640 |
Broadcom,
Inc. |
5,340 |
3,345,510 |
CDW
Corp. |
3,938 |
667,845 |
Cirrus
Logic, Inc. * |
4,807 |
412,392 |
Corning,
Inc. |
22,067 |
733,066 |
Dell
Technologies, Inc., Class C |
12,685 |
551,671 |
GLOBALFOUNDRIES,
Inc. *
(a) |
7,913 |
465,284 |
HP,
Inc. |
28,239 |
838,981 |
Jabil,
Inc. |
7,119 |
556,350 |
KLA
Corp. |
2,873 |
1,110,529 |
Lam
Research Corp. |
2,532 |
1,326,971 |
172
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE
($) |
Common
Stocks — continued | ||
Technology
Hardware & Equipment — continued | ||
Lattice
Semiconductor Corp. * |
6,972 |
555,668 |
Marvell
Technology, Inc. |
20,141 |
795,167 |
Microchip
Technology, Inc. |
11,946 |
871,939 |
Monolithic
Power Systems, Inc. |
1,476 |
681,868 |
National
Instruments Corp. |
10,856 |
632,145 |
NetApp,
Inc. |
8,959 |
563,431 |
NVIDIA
Corp. |
20,091 |
5,575,052 |
ON
Semiconductor Corp. * |
11,078 |
797,173 |
Pure
Storage, Inc., Class A * |
22,797 |
520,455 |
TD
SYNNEX Corp. |
3,507 |
312,263 |
Teradyne,
Inc. |
6,467 |
590,954 |
Texas
Instruments, Inc. |
13,254 |
2,216,069 |
Vertiv
Holdings Co. |
20,324 |
303,234 |
Wolfspeed,
Inc. * |
6,183 |
287,819 |
|
|
34,668,480 |
Telecommunications
Equipment — 1.9% | ||
Arista
Networks, Inc. * |
6,246 |
1,000,359 |
Cisco
Systems, Inc. |
39,543 |
1,868,407 |
Juniper
Networks, Inc. |
18,788 |
566,458 |
Motorola
Solutions, Inc. |
3,705 |
1,079,637 |
|
|
4,514,861 |
Telecommunications
Service Providers — 0.6% | ||
AT&T,
Inc. |
62,783 |
1,109,376 |
T-Mobile
US, Inc. * |
2,307 |
331,977 |
|
|
1,441,353 |
Travel
& Leisure — 2.6% | ||
Aramark |
13,395 |
464,806 |
Boyd
Gaming Corp. |
8,158 |
566,165 |
Chipotle
Mexican Grill, Inc. * |
616 |
1,273,654 |
Choice
Hotels International, Inc. |
266 |
33,920 |
Hilton
Worldwide Holdings, Inc. |
6,277 |
904,014 |
Hyatt
Hotels Corp., Class A * |
3,888 |
444,398 |
Las
Vegas Sands Corp. * |
3,090 |
197,297 |
McDonald's
Corp. |
7,484 |
2,213,393 |
|
|
6,097,647 |
INVESTMENTS |
SHARES |
VALUE
($) |
| ||
Waste
& Disposal Services — 0.9% | ||
Republic
Services, Inc. |
6,097 |
881,748 |
Waste
Management, Inc. |
7,511 |
1,247,202 |
|
|
2,128,950 |
Total
Common Stocks
(Cost
$229,768,423) |
|
238,515,459 |
Short-Term
Investments — 0.4% | ||
Investment
Companies — 0.2% | ||
JPMorgan
U.S. Government Money Market Fund
Class
IM Shares, 4.78% (b)
(c)(Cost
$430,636) |
430,636 |
430,636 |
Investment
of Cash Collateral from Securities Loaned — 0.2% | ||
JPMorgan
U.S. Government Money Market Fund
Class
IM Shares, 4.78% (b)
(c)(Cost
$509,082) |
509,082 |
509,082 |
Total
Short-Term Investments
(Cost
$939,718) |
|
939,718 |
Total
Investments — 100.1%
(Cost
$230,708,141) |
|
239,455,177 |
Liabilities
in Excess of Other Assets — (0.1)% |
|
(337,831
) |
NET
ASSETS — 100.0% |
|
239,117,346 |
Percentages
indicated are based on net
assets. |
* |
Non-income
producing security.
|
(a) |
The
security or a portion of this security is on loan at April 30,
2023.
The total value of securities on loan at April 30, 2023 is
$494,406. |
(b) |
Investment
in an affiliated fund, which is registered under the
Investment
Company Act of 1940, as amended, and is advised by
J.P.
Morgan Investment Management Inc. |
(c) |
The
rate shown is the current yield as of April 30,
2023. |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
173
|
DESCRIPTION |
NUMBER
OF
CONTRACTS |
EXPIRATION
DATE |
TRADING
CURRENCY |
NOTIONAL
AMOUNT
($) |
VALUE
AND
UNREALIZED
APPRECIATION
(DEPRECIATION)
($) |
Long
Contracts |
|
|
|
|
|
Micro
E-mini S&P 500 Index |
23 |
06/16/2023 |
USD |
481,850 |
17,407 |
Abbreviations |
|
USD |
United
States Dollar |
174
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE
($) |
Common
Stocks — 99.9% | ||
Aerospace
& Defense — 0.7% | ||
Lockheed
Martin Corp. |
17,671 |
8,207,296 |
Automobiles
& Parts — 0.7% | ||
Gentex
Corp. |
61,674 |
1,701,585 |
Genuine
Parts Co. |
21,316 |
3,587,696 |
LKQ
Corp. |
49,649 |
2,866,237 |
|
|
8,155,518 |
Banks
— 0.3% | ||
Bank
of Hawaii Corp. (a) |
17,656 |
855,080 |
Commerce
Bancshares, Inc. |
41,828 |
2,336,094 |
US
Bancorp |
27,779 |
952,264 |
|
|
4,143,438 |
Beverages
— 0.8% | ||
Brown-Forman
Corp., Class B |
38,990 |
2,537,859 |
Coca-Cola
Co. (The) |
107,188 |
6,876,110 |
|
|
9,413,969 |
Chemicals
— 1.4% | ||
CF
Industries Holdings, Inc. |
37,923 |
2,714,528 |
Linde
plc |
32,028 |
11,832,745 |
Olin
Corp. |
35,563 |
1,970,190 |
|
|
16,517,463 |
Construction
& Materials — 0.9% | ||
A
O Smith Corp. |
25,501 |
1,741,463 |
Acuity
Brands, Inc. |
5,216 |
820,894 |
Advanced
Drainage Systems, Inc. (a) |
18,614 |
1,595,592 |
Eagle
Materials, Inc. |
8,457 |
1,253,412 |
Fortune
Brands Innovations, Inc. |
29,985 |
1,939,730 |
Louisiana-Pacific
Corp. |
14,257 |
851,713 |
Watsco,
Inc. (a) |
8,537 |
2,957,046 |
|
|
11,159,850 |
Consumer
Services — 1.1% | ||
Copart,
Inc. * |
56,688 |
4,481,187 |
Grand
Canyon Education, Inc. * |
22,302 |
2,647,247 |
H&R
Block, Inc. |
72,844 |
2,470,140 |
Rollins,
Inc. |
78,732 |
3,326,427 |
|
|
12,925,001 |
Electricity
— 1.4% | ||
Consolidated
Edison, Inc. |
40,743 |
4,011,963 |
Evergy,
Inc. |
30,069 |
1,867,586 |
Hawaiian
Electric Industries, Inc. |
32,197 |
1,262,444 |
IDACORP,
Inc. |
17,324 |
1,925,043 |
NextEra
Energy, Inc. |
37,967 |
2,909,411 |
INVESTMENTS |
SHARES |
VALUE
($) |
| ||
Electricity
— continued | ||
NRG
Energy, Inc. |
66,717 |
2,279,720 |
OGE
Energy Corp. |
66,796 |
2,507,522 |
|
|
16,763,689 |
Electronic
& Electrical Equipment — 1.2% | ||
Donaldson
Co., Inc. |
34,018 |
2,161,844 |
IDEX
Corp. |
14,069 |
2,902,716 |
Keysight
Technologies, Inc. * |
23,418 |
3,387,180 |
Mettler-Toledo
International, Inc. * |
2,754 |
4,107,591 |
Waters
Corp. * |
8,062 |
2,421,502 |
|
|
14,980,833 |
Finance
& Credit Services — 1.5% | ||
FactSet
Research Systems, Inc. |
7,661 |
3,153,957 |
Moody's
Corp. |
16,801 |
5,260,729 |
Morningstar,
Inc. |
150 |
26,747 |
S&P
Global, Inc. |
24,814 |
8,997,060 |
|
|
17,438,493 |
Food
Producers — 0.4% | ||
General
Mills, Inc. |
13,377 |
1,185,604 |
Hershey
Co. (The) |
14,838 |
4,051,664 |
|
|
5,237,268 |
Gas,
Water & Multi-utilities — 0.6% | ||
National
Fuel Gas Co. |
44,377 |
2,480,674 |
UGI
Corp. |
27,702 |
938,544 |
WEC
Energy Group, Inc. |
39,949 |
3,841,895 |
|
|
7,261,113 |
General
Industrials — 1.0% | ||
3M
Co. |
42,947 |
4,561,830 |
Honeywell
International, Inc. |
5,234 |
1,045,963 |
Illinois
Tool Works, Inc. |
26,710 |
6,462,217 |
|
|
12,070,010 |
Health
Care Providers — 0.4% | ||
Chemed
Corp. |
5,291 |
2,916,664 |
DaVita,
Inc. *
(a) |
21,138 |
1,910,029 |
Premier,
Inc., Class A |
16,915 |
563,777 |
|
|
5,390,470 |
Household
Goods & Home Construction — 0.3% | ||
NVR,
Inc. * |
607 |
3,544,880 |
Industrial
Engineering — 0.6% | ||
Graco,
Inc. |
39,702 |
3,147,971 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
175
|
INVESTMENTS |
SHARES |
VALUE
($) |
Common
Stocks — continued | ||
Industrial
Engineering — continued | ||
Lincoln
Electric Holdings, Inc. |
16,560 |
2,778,768 |
Nordson
Corp. |
6,796 |
1,470,043 |
|
|
7,396,782 |
Industrial
Metals & Mining — 0.5% | ||
Fastenal
Co. |
16,306 |
877,915 |
Reliance
Steel & Aluminum Co. |
12,081 |
2,993,672 |
Southern
Copper Corp. (Mexico) |
34,353 |
2,639,341 |
|
|
6,510,928 |
Industrial
Support Services — 6.9% | ||
Accenture
plc, Class A |
40,900 |
11,463,861 |
Automatic
Data Processing, Inc. |
30,987 |
6,817,140 |
Cintas
Corp. |
10,025 |
4,569,094 |
Jack
Henry & Associates, Inc. |
13,117 |
2,142,531 |
Mastercard,
Inc., Class A |
54,264 |
20,621,948 |
Paychex,
Inc. |
38,880 |
4,271,357 |
Verisk
Analytics, Inc. (a) |
17,029 |
3,305,499 |
Visa,
Inc., Class A (a) |
101,776 |
23,686,328 |
Western
Union Co. (The) |
188,817 |
2,063,770 |
WW
Grainger, Inc. |
5,876 |
4,087,169 |
|
|
83,028,697 |
Industrial
Transportation — 1.7% | ||
Allison
Transmission Holdings, Inc. |
35,592 |
1,736,534 |
CH
Robinson Worldwide, Inc. |
29,456 |
2,971,227 |
Expeditors
International of Washington, Inc. |
30,303 |
3,449,693 |
Landstar
System, Inc. |
14,786 |
2,602,780 |
Union
Pacific Corp. |
45,645 |
8,932,726 |
United
Parcel Service, Inc., Class B |
4,644 |
835,038 |
|
|
20,527,998 |
Investment
Banking & Brokerage Services — 4.1% | ||
Ameriprise
Financial, Inc. |
10,919 |
3,331,605 |
Berkshire
Hathaway, Inc., Class B * |
69,824 |
22,940,675 |
BlackRock,
Inc. |
9,907 |
6,649,578 |
Broadridge
Financial Solutions, Inc. |
22,791 |
3,314,039 |
Intercontinental
Exchange, Inc. |
38,953 |
4,243,150 |
MarketAxess
Holdings, Inc. |
3,839 |
1,222,223 |
Nasdaq,
Inc. |
60,977 |
3,376,297 |
SEI
Investments Co. |
44,137 |
2,600,111 |
Virtu
Financial, Inc., Class A |
52,975 |
1,062,149 |
|
|
48,739,827 |
INVESTMENTS |
SHARES |
VALUE
($) |
| ||
Leisure
Goods — 0.8% | ||
Activision
Blizzard, Inc. * |
65,960 |
5,125,752 |
Electronic
Arts, Inc. |
30,461 |
3,877,076 |
|
|
9,002,828 |
Life
Insurance — 0.9% | ||
Aflac,
Inc. |
68,435 |
4,780,185 |
Globe
Life, Inc. |
23,970 |
2,601,224 |
Principal
Financial Group, Inc. |
40,118 |
2,996,414 |
|
|
10,377,823 |
Media
— 0.7% | ||
Omnicom
Group, Inc. |
36,757 |
3,329,081 |
Sirius
XM Holdings, Inc. (a) |
435,687 |
1,655,611 |
World
Wrestling Entertainment, Inc.,
Class
A (a) |
30,370 |
3,254,753 |
|
|
8,239,445 |
Medical
Equipment & Services — 2.0% | ||
Abbott
Laboratories |
75,314 |
8,319,938 |
Bio-Techne
Corp. |
7,109 |
567,867 |
Edwards
Lifesciences Corp. * |
56,328 |
4,955,737 |
Enovis
Corp. * |
18,985 |
1,105,876 |
Hologic,
Inc. * |
37,226 |
3,201,808 |
IDEXX
Laboratories, Inc. * |
8,750 |
4,306,400 |
QuidelOrtho
Corp. * |
12,083 |
1,086,866 |
|
|
23,544,492 |
Non-life
Insurance — 4.1% | ||
American
Financial Group, Inc. |
11,394 |
1,398,386 |
Aon
plc, Class A |
19,169 |
6,233,375 |
Arch
Capital Group Ltd. * |
52,730 |
3,958,441 |
Arthur
J Gallagher & Co. |
23,984 |
4,990,111 |
Brown
& Brown, Inc. |
47,750 |
3,074,623 |
Chubb
Ltd. |
24,599 |
4,958,174 |
Erie
Indemnity Co., Class A (a) |
9,667 |
2,100,929 |
Fidelity
National Financial, Inc. |
49,820 |
1,768,112 |
Hanover
Insurance Group, Inc. (The) |
5,328 |
637,016 |
Marsh
& McLennan Cos., Inc. |
42,112 |
7,588,161 |
Progressive
Corp. (The) |
40,149 |
5,476,324 |
Travelers
Cos., Inc. (The) |
25,782 |
4,670,151 |
WR
Berkley Corp. |
45,930 |
2,706,196 |
|
|
49,559,999 |
Non-Renewable
Energy — 4.9% | ||
Antero
Midstream Corp. |
35,456 |
381,506 |
APA
Corp. |
60,021 |
2,211,774 |
Chevron
Corp. |
81,201 |
13,688,865 |
176
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE
($) |
Common
Stocks — continued | ||
Non-Renewable
Energy — continued | ||
ConocoPhillips |
30,929 |
3,182,285 |
Coterra
Energy, Inc. |
108,475 |
2,776,960 |
Devon
Energy Corp. |
53,468 |
2,856,795 |
EOG
Resources, Inc. |
44,678 |
5,337,681 |
Exxon
Mobil Corp. |
176,054 |
20,834,230 |
PDC
Energy, Inc. |
31,041 |
2,019,217 |
Pioneer
Natural Resources Co. |
15,534 |
3,379,422 |
Texas
Pacific Land Corp. |
1,148 |
1,696,342 |
|
|
58,365,077 |
Personal
Care, Drug & Grocery Stores — 3.3% | ||
Church
& Dwight Co., Inc. |
21,753 |
2,112,651 |
Clorox
Co. (The) |
17,711 |
2,933,296 |
Colgate-Palmolive
Co. |
72,856 |
5,813,909 |
Kimberly-Clark
Corp. |
11,658 |
1,689,127 |
McKesson
Corp. |
14,059 |
5,120,850 |
Procter
& Gamble Co. (The) |
137,707 |
21,534,621 |
|
|
39,204,454 |
Personal
Goods — 0.6% | ||
Estee
Lauder Cos., Inc. (The), Class A |
20,528 |
5,064,668 |
Tapestry,
Inc. (a) |
65,446 |
2,670,851 |
|
|
7,735,519 |
Pharmaceuticals,
Biotechnology & Marijuana Producers — 11.3% | ||
AbbVie,
Inc. |
110,472 |
16,694,529 |
Amgen,
Inc. |
37,316 |
8,946,138 |
Biogen,
Inc. * |
11,518 |
3,504,121 |
Bristol-Myers
Squibb Co. |
86,304 |
5,762,518 |
Eli
Lilly & Co. |
46,515 |
18,413,428 |
Gilead
Sciences, Inc. |
88,549 |
7,279,613 |
Incyte
Corp. * |
24,294 |
1,807,717 |
Johnson
& Johnson |
118,921 |
19,467,368 |
Merck
& Co., Inc. |
160,182 |
18,496,215 |
Moderna,
Inc. * |
29,019 |
3,856,335 |
Pfizer,
Inc. |
324,713 |
12,628,089 |
Regeneron
Pharmaceuticals, Inc. * |
6,926 |
5,553,197 |
Vertex
Pharmaceuticals, Inc. * |
21,684 |
7,388,389 |
Zoetis,
Inc. |
34,922 |
6,138,589 |
|
|
135,936,246 |
Precious
Metals & Mining — 0.2% | ||
Newmont
Corp. |
48,894 |
2,317,576 |
INVESTMENTS |
SHARES |
VALUE
($) |
| ||
Real
Estate Investment & Services — 0.5% | ||
CBRE
Group, Inc., Class A * |
44,717 |
3,428,005 |
Zillow
Group, Inc., Class C * |
62,592 |
2,725,256 |
|
|
6,153,261 |
Real
Estate Investment Trusts — 2.4% | ||
Camden
Property Trust |
15,132 |
1,665,277 |
Crown
Castle, Inc. |
18,858 |
2,321,231 |
Equity
LifeStyle Properties, Inc. |
31,798 |
2,190,882 |
Equity
Residential |
20,299 |
1,283,912 |
Extra
Space Storage, Inc. (a) |
18,219 |
2,770,017 |
Gaming
and Leisure Properties, Inc. |
21,825 |
1,134,900 |
Host
Hotels & Resorts, Inc. |
131,274 |
2,122,701 |
Lamar
Advertising Co., Class A |
26,888 |
2,841,524 |
Life
Storage, Inc. |
7,941 |
1,067,112 |
Public
Storage |
14,526 |
4,282,700 |
Rayonier,
Inc. |
24,875 |
780,080 |
Simon
Property Group, Inc. |
27,967 |
3,169,220 |
Weyerhaeuser
Co. |
113,999 |
3,409,710 |
|
|
29,039,266 |
Retailers
— 4.7% | ||
AutoZone,
Inc. * |
1,977 |
5,265,364 |
Costco
Wholesale Corp. |
29,797 |
14,994,446 |
Dollar
General Corp. |
20,582 |
4,558,090 |
Home
Depot, Inc. (The) |
58,793 |
17,669,648 |
Lowe's
Cos., Inc. |
2,453 |
509,807 |
O'Reilly
Automotive, Inc. * |
6,262 |
5,744,195 |
Tractor
Supply Co. |
6,881 |
1,640,430 |
Ulta
Beauty, Inc. * |
7,314 |
4,033,159 |
Williams-Sonoma,
Inc. (a) |
19,517 |
2,362,338 |
|
|
56,777,477 |
Software
& Computer Services — 16.4% | ||
Adobe,
Inc. * |
32,471 |
12,259,751 |
Akamai
Technologies, Inc. * |
39,636 |
3,248,963 |
Alphabet,
Inc., Class A * |
248,692 |
26,694,599 |
Amdocs
Ltd. |
32,115 |
2,930,494 |
Aspen
Technology, Inc. * |
5,639 |
998,103 |
Atlassian
Corp., Class A * |
21,239 |
3,136,151 |
Autodesk,
Inc. * |
23,427 |
4,563,345 |
Cadence
Design Systems, Inc. * |
27,203 |
5,697,668 |
Cognizant
Technology Solutions Corp.,
Class
A |
66,233 |
3,954,772 |
Crowdstrike
Holdings, Inc., Class A * |
17,362 |
2,084,308 |
DocuSign,
Inc. * |
46,701 |
2,308,897 |
Dolby
Laboratories, Inc., Class A |
31,115 |
2,604,014 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
177
|
INVESTMENTS |
SHARES |
VALUE
($) |
Common
Stocks — continued | ||
Software
& Computer Services — continued | ||
Dropbox,
Inc., Class A * |
116,146 |
2,362,410 |
Dynatrace,
Inc. * |
65,644 |
2,775,428 |
F5,
Inc. * |
19,418 |
2,609,003 |
Fortinet,
Inc. * |
74,739 |
4,712,294 |
Gartner,
Inc. * |
11,310 |
3,420,823 |
International
Business Machines Corp. |
56,031 |
7,082,879 |
Intuit,
Inc. |
19,591 |
8,697,425 |
Manhattan
Associates, Inc. * |
19,371 |
3,209,387 |
Meta
Platforms, Inc., Class A * |
125,734 |
30,216,395 |
Microsoft
Corp. |
91,240 |
28,034,402 |
Palo
Alto Networks, Inc. * |
28,905 |
5,274,006 |
Paycom
Software, Inc. * |
10,853 |
3,151,386 |
Pinterest,
Inc., Class A * |
68,831 |
1,583,113 |
ServiceNow,
Inc. * |
16,666 |
7,656,694 |
Synopsys,
Inc. * |
14,875 |
5,523,385 |
Teradata
Corp. * |
63,186 |
2,445,930 |
VeriSign,
Inc. * |
16,864 |
3,740,435 |
VMware,
Inc., Class A * |
31,497 |
3,938,070 |
|
|
196,914,530 |
Technology
Hardware & Equipment — 10.5% | ||
Amphenol
Corp., Class A |
26,420 |
1,993,917 |
Analog
Devices, Inc. |
40,932 |
7,362,848 |
Apple,
Inc. |
154,210 |
26,166,353 |
Applied
Materials, Inc. |
66,861 |
7,557,299 |
Broadcom,
Inc. |
25,901 |
16,226,977 |
Cirrus
Logic, Inc. * |
16,177 |
1,387,825 |
Corning,
Inc. |
46,372 |
1,540,478 |
IPG
Photonics Corp. * |
11,717 |
1,347,221 |
KLA
Corp. |
13,902 |
5,373,679 |
Lattice
Semiconductor Corp. * |
33,832 |
2,696,410 |
Microchip
Technology, Inc. |
58,253 |
4,251,886 |
NetApp,
Inc. |
27,131 |
1,706,269 |
NVIDIA
Corp. |
97,501 |
27,055,553 |
Pure
Storage, Inc., Class A * |
110,493 |
2,522,555 |
Qorvo,
Inc. * |
28,186 |
2,595,367 |
Skyworks
Solutions, Inc. |
25,747 |
2,726,607 |
Teradyne,
Inc. |
31,519 |
2,880,206 |
Texas
Instruments, Inc. |
64,256 |
10,743,603 |
|
|
126,135,053 |
Telecommunications
Equipment — 1.3% | ||
Cisco
Systems, Inc. |
246,741 |
11,658,512 |
INVESTMENTS |
SHARES |
VALUE
($) |
| ||
Telecommunications
Equipment — continued | ||
Motorola
Solutions, Inc. |
7,995 |
2,329,743 |
Ubiquiti,
Inc. |
4,906 |
1,140,891 |
|
|
15,129,146 |
Telecommunications
Service Providers — 1.1% | ||
AT&T,
Inc. |
172,095 |
3,040,919 |
Charter
Communications, Inc., Class A * |
3,157 |
1,163,986 |
Verizon
Communications, Inc. |
224,074 |
8,700,793 |
|
|
12,905,698 |
Tobacco
— 1.3% | ||
Altria
Group, Inc. |
145,711 |
6,922,729 |
Philip
Morris International, Inc. |
88,176 |
8,814,955 |
|
|
15,737,684 |
Travel
& Leisure — 5.3% | ||
Airbnb,
Inc., Class A * |
39,534 |
4,731,034 |
Booking
Holdings, Inc. * |
3,063 |
8,228,167 |
Boyd
Gaming Corp. |
25,781 |
1,789,201 |
Choice
Hotels International, Inc. (a) |
20,501 |
2,614,287 |
Copa
Holdings SA, Class A (Panama) |
22,396 |
2,022,807 |
Darden
Restaurants, Inc. |
22,757 |
3,457,471 |
Expedia
Group, Inc. * |
29,851 |
2,804,800 |
Live
Nation Entertainment, Inc. * |
32,278 |
2,187,803 |
Madison
Square Garden Sports Corp. |
7,870 |
1,577,935 |
Marriott
International, Inc., Class A |
28,405 |
4,810,103 |
McDonald's
Corp. |
48,313 |
14,288,570 |
Starbucks
Corp. |
85,486 |
9,770,195 |
Wyndham
Hotels & Resorts, Inc. * |
17,804 |
1,214,589 |
Yum!
Brands, Inc. |
33,732 |
4,742,045 |
|
|
64,239,007 |
Waste
& Disposal Services — 1.1% | ||
Clean
Harbors, Inc. * |
15,061 |
2,186,255 |
Republic
Services, Inc. |
28,745 |
4,157,102 |
Waste
Management, Inc. |
38,600 |
6,409,530 |
|
|
12,752,887 |
Total
Common Stocks
(Cost
$1,141,379,066) |
|
1,199,480,991 |
Short-Term
Investments — 3.2% | ||
Investment
Companies — 0.0% ^ | ||
JPMorgan
U.S. Government Money Market
Fund
Class IM Shares, 4.78% (b)
(c)(Cost
$807,992) |
807,992 |
807,992 |
178
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE
($) |
Short-Term
Investments — continued | ||
Investment
of Cash Collateral from Securities Loaned — 3.2% | ||
JPMorgan
Securities Lending Money Market
Fund
Class Agency SL Shares, 5.01% (b)
(c) |
33,509,316 |
33,512,667 |
JPMorgan
U.S. Government Money Market
Fund
Class IM Shares, 4.78% (b)
(c) |
4,653,123 |
4,653,123 |
Total
Investment of Cash Collateral from
Securities
Loaned
(Cost
$38,169,895) |
|
38,165,790 |
Total
Short-Term Investments
(Cost
$38,977,887) |
|
38,973,782 |
Total
Investments — 103.1%
(Cost
$1,180,356,953) |
|
1,238,454,773 |
Liabilities
in Excess of Other Assets —
(3.1)% |
|
(37,388,737
) |
NET
ASSETS — 100.0% |
|
1,201,066,036 |
Percentages
indicated are based on net
assets. |
^ |
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
April
30, 2023. The total value of securities on loan at
April
30, 2023 is $37,814,933. |
|
(b) |
Investment
in an affiliated fund, which is registered
under
the Investment Company Act of 1940, as
amended,
and is advised by J.P. Morgan Investment
Management
Inc. |
|
(c) |
The
rate shown is the current yield as of April 30,
2023. |
|
DESCRIPTION |
NUMBER
OF
CONTRACTS |
EXPIRATION
DATE |
TRADING
CURRENCY |
NOTIONAL
AMOUNT
($) |
VALUE
AND
UNREALIZED
APPRECIATION
(DEPRECIATION)
($) |
Long
Contracts |
|
|
|
|
|
S&P
500 E-Mini Index |
4 |
06/16/2023 |
USD |
837,800 |
48,379 |
Abbreviations |
|
USD |
United
States Dollar |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
179
|
INVESTMENTS |
SHARES |
VALUE
($) |
Common
Stocks — 99.9% | ||
Aerospace
& Defense — 1.5% | ||
General
Dynamics Corp. |
8,726 |
1,905,235 |
Huntington
Ingalls Industries, Inc. |
3,948 |
796,154 |
L3Harris
Technologies, Inc. |
8,573 |
1,673,021 |
Raytheon
Technologies Corp. |
28,336 |
2,830,766 |
Textron,
Inc. |
15,060 |
1,008,116 |
|
|
8,213,292 |
Automobiles
& Parts — 2.1% | ||
BorgWarner,
Inc. |
29,136 |
1,402,316 |
Ford
Motor Co. |
180,819 |
2,148,130 |
General
Motors Co. |
65,518 |
2,164,715 |
Gentex
Corp. |
45,210 |
1,247,344 |
Genuine
Parts Co. |
10,447 |
1,758,334 |
Lear
Corp. |
9,751 |
1,244,813 |
LKQ
Corp. |
27,043 |
1,561,192 |
|
|
11,526,844 |
Banks
— 4.1% | ||
Bank
OZK |
14,540 |
519,369 |
BOK
Financial Corp. |
6,126 |
513,788 |
Citigroup,
Inc. |
76,102 |
3,582,121 |
Citizens
Financial Group, Inc. |
41,615 |
1,287,568 |
Columbia
Banking System, Inc. |
30,505 |
651,587 |
Comerica,
Inc. |
17,704 |
767,822 |
Fifth
Third Bancorp |
50,039 |
1,311,022 |
First
Hawaiian, Inc. |
31,752 |
606,781 |
FNB
Corp. |
90,951 |
1,044,118 |
Huntington
Bancshares, Inc. |
115,332 |
1,291,718 |
KeyCorp |
88,590 |
997,523 |
New
York Community Bancorp, Inc. |
151,835 |
1,623,116 |
PacWest
Bancorp |
45,063 |
457,389 |
Popular,
Inc. (Puerto Rico) |
18,328 |
1,099,863 |
Prosperity
Bancshares, Inc. |
6,512 |
407,781 |
Regions
Financial Corp. |
75,140 |
1,372,056 |
Synovus
Financial Corp. |
31,882 |
981,966 |
Truist
Financial Corp. |
62,218 |
2,027,062 |
US
Bancorp |
60,441 |
2,071,918 |
Zions
Bancorp NA |
18,332 |
510,730 |
|
|
23,125,298 |
Beverages
— 0.4% | ||
Keurig
Dr Pepper, Inc. |
23,902 |
781,596 |
Molson
Coors Beverage Co., Class B |
25,661 |
1,526,316 |
|
|
2,307,912 |
INVESTMENTS |
SHARES |
VALUE
($) |
| ||
Chemicals
— 0.9% | ||
Chemours
Co. (The) |
11,075 |
321,950 |
Dow,
Inc. |
34,697 |
1,887,517 |
Huntsman
Corp. |
42,861 |
1,148,246 |
LyondellBasell
Industries NV, Class A |
18,369 |
1,737,891 |
|
|
5,095,604 |
Construction
& Materials — 1.1% | ||
Acuity
Brands, Inc. |
4,472 |
703,803 |
Builders
FirstSource, Inc. * |
12,379 |
1,173,158 |
Fortune
Brands Innovations, Inc. |
12,393 |
801,703 |
Louisiana-Pacific
Corp. |
19,653 |
1,174,070 |
MDU
Resources Group, Inc. |
23,280 |
680,242 |
Owens
Corning |
13,982 |
1,493,418 |
|
|
6,026,394 |
Consumer
Services — 0.9% | ||
eBay,
Inc. |
40,422 |
1,876,793 |
Grand
Canyon Education, Inc. * |
3,153 |
374,261 |
H&R
Block, Inc. |
36,101 |
1,224,185 |
Service
Corp. International |
20,606 |
1,446,335 |
U-Haul
Holding Co. |
847 |
51,718 |
|
|
4,973,292 |
Electricity
— 2.3% | ||
Avangrid,
Inc. |
15,333 |
617,306 |
Consolidated
Edison, Inc. |
18,221 |
1,794,222 |
Dominion
Energy, Inc. |
6,387 |
364,953 |
Evergy,
Inc. |
17,011 |
1,056,553 |
Exelon
Corp. |
15,873 |
673,650 |
Hawaiian
Electric Industries, Inc. |
21,966 |
861,287 |
NRG
Energy, Inc. |
40,113 |
1,370,661 |
OGE
Energy Corp. |
34,635 |
1,300,198 |
Pinnacle
West Capital Corp. |
18,193 |
1,427,423 |
PPL
Corp. |
57,940 |
1,664,037 |
Southern
Co. (The) |
26,303 |
1,934,586 |
|
|
13,064,876 |
Electronic
& Electrical Equipment — 1.8% | ||
Crane
Co. * |
10,659 |
768,194 |
Crane
NXT Co. |
10,659 |
504,810 |
Emerson
Electric Co. |
23,944 |
1,993,578 |
Hubbell,
Inc. |
6,072 |
1,635,311 |
Johnson
Controls International plc |
32,120 |
1,922,061 |
MKS
Instruments, Inc. |
10,766 |
902,944 |
180
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE
($) |
Common
Stocks — continued | ||
Electronic
& Electrical Equipment — continued | ||
nVent
Electric plc |
29,467 |
1,235,551 |
Pentair
plc |
22,324 |
1,296,578 |
|
|
10,259,027 |
Finance
& Credit Services — 0.7% | ||
Ally
Financial, Inc. |
45,978 |
1,212,899 |
MGIC
Investment Corp. |
90,925 |
1,352,055 |
OneMain
Holdings, Inc. |
29,557 |
1,134,102 |
|
|
3,699,056 |
Food
Producers — 2.8% | ||
Archer-Daniels-Midland
Co. |
27,717 |
2,164,143 |
Bunge
Ltd. |
3,883 |
363,449 |
Campbell
Soup Co. |
27,014 |
1,466,860 |
Conagra
Brands, Inc. |
45,045 |
1,709,908 |
General
Mills, Inc. |
29,859 |
2,646,403 |
Ingredion,
Inc. |
7,442 |
790,117 |
J
M Smucker Co. (The) |
10,230 |
1,579,614 |
Kellogg
Co. |
14,702 |
1,025,759 |
Kraft
Heinz Co. (The) |
47,705 |
1,873,375 |
Post
Holdings, Inc. * |
9,858 |
892,051 |
Tyson
Foods, Inc., Class A |
22,569 |
1,410,337 |
|
|
15,922,016 |
Gas,
Water & Multi-utilities — 0.9% | ||
Duke
Energy Corp. |
31,095 |
3,074,674 |
National
Fuel Gas Co. |
11,114 |
621,273 |
UGI
Corp. |
32,363 |
1,096,458 |
|
|
4,792,405 |
General
Industrials — 2.8% | ||
3M
Co. |
19,218 |
2,041,336 |
Amcor
plc |
84,330 |
925,100 |
Berry
Global Group, Inc. |
12,393 |
716,439 |
Dover
Corp. |
10,235 |
1,495,948 |
DuPont
de Nemours, Inc. |
28,162 |
1,963,455 |
Eaton
Corp. plc |
16,970 |
2,836,026 |
Packaging
Corp. of America |
10,584 |
1,431,592 |
Parker-Hannifin
Corp. |
6,773 |
2,200,412 |
Silgan
Holdings, Inc. |
21,310 |
1,049,731 |
WestRock
Co. |
40,459 |
1,210,938 |
|
|
15,870,977 |
Health
Care Providers — 4.6% | ||
Centene
Corp. * |
23,039 |
1,588,078 |
Cigna
Group (The) |
12,205 |
3,091,405 |
Elevance
Health, Inc. |
9,042 |
4,237,533 |
INVESTMENTS |
SHARES |
VALUE
($) |
| ||
Health
Care Providers — continued | ||
Encompass
Health Corp. |
9,423 |
604,485 |
Enhabit,
Inc. * |
28,675 |
351,269 |
Humana,
Inc. |
5,161 |
2,737,859 |
Premier,
Inc., Class A |
25,676 |
855,781 |
UnitedHealth
Group, Inc. |
21,700 |
10,678,353 |
Universal
Health Services, Inc., Class B |
9,422 |
1,416,598 |
|
|
25,561,361 |
Household
Goods & Home Construction — 2.0% | ||
DR
Horton, Inc. |
21,382 |
2,348,171 |
Leggett
& Platt, Inc. (a) |
36,814 |
1,189,461 |
Lennar
Corp., Class A |
18,932 |
2,135,719 |
Newell
Brands, Inc. |
89,594 |
1,088,567 |
PulteGroup,
Inc. |
27,153 |
1,823,324 |
Toll
Brothers, Inc. |
22,222 |
1,420,208 |
Whirlpool
Corp. |
9,461 |
1,320,661 |
|
|
11,326,111 |
Industrial
Engineering — 1.8% | ||
AGCO
Corp. |
9,590 |
1,188,585 |
Brunswick
Corp. |
9,747 |
826,448 |
Caterpillar,
Inc. |
17,021 |
3,724,195 |
Cummins,
Inc. |
7,610 |
1,788,654 |
Snap-on,
Inc. |
6,136 |
1,591,740 |
Stanley
Black & Decker, Inc. |
10,053 |
867,976 |
|
|
9,987,598 |
Industrial
Materials — 0.2% | ||
International
Paper Co. |
34,503 |
1,142,394 |
Industrial
Metals & Mining — 0.9% | ||
Cleveland-Cliffs,
Inc. * |
45,461 |
699,190 |
Nucor
Corp. |
13,572 |
2,011,099 |
Reliance
Steel & Aluminum Co. |
6,005 |
1,488,039 |
United
States Steel Corp. |
31,890 |
729,643 |
|
|
4,927,971 |
Industrial
Support Services — 1.5% | ||
ADT,
Inc. |
77,136 |
516,811 |
Capital
One Financial Corp. |
21,264 |
2,068,987 |
Fidelity
National Information Services, Inc. |
9,980 |
586,026 |
ManpowerGroup,
Inc. |
14,540 |
1,100,823 |
MSC
Industrial Direct Co., Inc., Class A |
12,860 |
1,166,788 |
Robert
Half International, Inc. |
7,442 |
543,266 |
Synchrony
Financial |
43,739 |
1,290,738 |
Western
Union Co. (The) |
88,033 |
962,201 |
|
|
8,235,640 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
181
|
INVESTMENTS |
SHARES |
VALUE
($) |
Common
Stocks — continued | ||
Industrial
Transportation — 2.6% | ||
Allison
Transmission Holdings, Inc. |
26,252 |
1,280,835 |
FedEx
Corp. |
12,103 |
2,756,821 |
Knight-Swift
Transportation Holdings, Inc. |
23,749 |
1,337,544 |
Norfolk
Southern Corp. |
9,585 |
1,946,043 |
Oshkosh
Corp. |
6,458 |
494,166 |
PACCAR,
Inc. |
26,404 |
1,972,115 |
Ryder
System, Inc. |
12,956 |
1,025,597 |
Schneider
National, Inc., Class B |
23,403 |
612,456 |
Union
Pacific Corp. |
15,403 |
3,014,367 |
|
|
14,439,944 |
Investment
Banking & Brokerage Services — 1.6% | ||
Bank
of New York Mellon Corp. (The) |
43,337 |
1,845,723 |
Carlyle
Group, Inc. (The) |
38,157 |
1,157,301 |
Franklin
Resources, Inc. |
46,740 |
1,256,371 |
Invesco
Ltd. |
74,614 |
1,278,138 |
Janus
Henderson Group plc |
32,322 |
838,756 |
Jefferies
Financial Group, Inc. |
36,267 |
1,161,632 |
State
Street Corp. |
22,369 |
1,616,384 |
|
|
9,154,305 |
Leisure
Goods — 1.4% | ||
Activision
Blizzard, Inc. * |
32,954 |
2,560,855 |
Garmin
Ltd. |
15,871 |
1,558,056 |
Harley-Davidson,
Inc. |
27,899 |
1,035,053 |
Hasbro,
Inc. |
16,327 |
966,885 |
Polaris,
Inc. |
6,413 |
696,773 |
Thor
Industries, Inc. |
13,956 |
1,102,803 |
|
|
7,920,425 |
Life
Insurance — 0.8% | ||
Principal
Financial Group, Inc. |
19,872 |
1,484,240 |
Prudential
Financial, Inc. |
21,591 |
1,878,417 |
Unum
Group |
30,870 |
1,302,714 |
|
|
4,665,371 |
Media
— 1.7% | ||
Fox
Corp., Class A |
41,071 |
1,366,021 |
Interpublic
Group of Cos., Inc. (The) |
43,009 |
1,536,712 |
Liberty
Media Corp.-Liberty SiriusXM, Class C * |
32,563 |
909,810 |
News
Corp., Class A |
77,139 |
1,358,418 |
Nexstar
Media Group, Inc. |
7,305 |
1,267,052 |
Omnicom
Group, Inc. |
18,343 |
1,661,326 |
Paramount
Global, Class B (a) |
66,860 |
1,559,844 |
|
|
9,659,183 |
INVESTMENTS |
SHARES |
VALUE
($) |
| ||
Medical
Equipment & Services — 2.2% | ||
Azenta,
Inc. * |
12,081 |
525,403 |
Becton
Dickinson & Co. |
9,567 |
2,528,654 |
Laboratory
Corp. of America Holdings |
4,475 |
1,014,527 |
Medtronic
plc |
43,702 |
3,974,697 |
PerkinElmer,
Inc. |
6,756 |
881,590 |
Quest
Diagnostics, Inc. |
10,774 |
1,495,539 |
QuidelOrtho
Corp. * |
7,783 |
700,081 |
Zimmer
Biomet Holdings, Inc. |
8,447 |
1,169,402 |
|
|
12,289,893 |
Mortgage
Real Estate Investment Trusts — 0.8% | ||
AGNC
Investment Corp. |
92,139 |
913,098 |
Annaly
Capital Management, Inc. |
69,482 |
1,388,250 |
Rithm
Capital Corp. |
138,951 |
1,133,840 |
Starwood
Property Trust, Inc. (a) |
66,567 |
1,190,884 |
|
|
4,626,072 |
Non-life
Insurance — 1.6% | ||
American
International Group, Inc. |
39,783 |
2,110,090 |
Assured
Guaranty Ltd. |
20,133 |
1,084,564 |
Axis
Capital Holdings Ltd. |
12,263 |
693,350 |
Fidelity
National Financial, Inc. |
37,422 |
1,328,107 |
First
American Financial Corp. |
23,908 |
1,377,340 |
Old
Republic International Corp. |
52,033 |
1,314,874 |
Reinsurance
Group of America, Inc. |
6,568 |
934,758 |
|
|
8,843,083 |
Non-Renewable
Energy — 4.9% | ||
Antero
Midstream Corp. |
60,568 |
651,712 |
Antero
Resources Corp. * |
50,025 |
1,150,075 |
Chesapeake
Energy Corp. |
16,997 |
1,405,312 |
Chevron
Corp. |
30,017 |
5,060,266 |
Coterra
Energy, Inc. |
65,464 |
1,675,878 |
Diamondback
Energy, Inc. |
9,969 |
1,417,592 |
DT
Midstream, Inc. |
8,325 |
410,173 |
HF
Sinclair Corp. |
25,263 |
1,114,351 |
Kinder
Morgan, Inc. |
111,053 |
1,904,559 |
Marathon
Oil Corp. |
60,877 |
1,470,788 |
Marathon
Petroleum Corp. |
21,297 |
2,598,234 |
Ovintiv,
Inc. |
31,794 |
1,147,128 |
PDC
Energy, Inc. |
13,268 |
863,083 |
Phillips
66 |
23,916 |
2,367,684 |
Pioneer
Natural Resources Co. |
12,138 |
2,640,622 |
Valero
Energy Corp. |
11,166 |
1,280,405 |
Vitesse
Energy, Inc. |
3,583 |
65,927 |
|
|
27,223,789 |
182
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE
($) |
Common
Stocks — continued | ||
Personal
Care, Drug & Grocery Stores — 1.5% | ||
Albertsons
Cos., Inc., Class A |
59,657 |
1,246,831 |
CVS
Health Corp. |
49,784 |
3,649,665 |
Kroger
Co. (The) |
33,062 |
1,607,805 |
Walgreens
Boots Alliance, Inc. |
48,078 |
1,694,750 |
|
|
8,199,051 |
Personal
Goods — 1.2% | ||
Carter's,
Inc. |
16,352 |
1,140,879 |
Columbia
Sportswear Co. |
8,233 |
687,785 |
PVH
Corp. |
15,592 |
1,337,949 |
Ralph
Lauren Corp. |
10,978 |
1,260,165 |
Tapestry,
Inc. |
32,442 |
1,323,958 |
VF
Corp. |
30,227 |
710,637 |
|
|
6,461,373 |
Pharmaceuticals,
Biotechnology & Marijuana Producers — 7.4% | ||
Amgen,
Inc. |
14,850 |
3,560,139 |
Biogen,
Inc. * |
4,266 |
1,297,845 |
Bristol-Myers
Squibb Co. |
62,746 |
4,189,551 |
Gilead
Sciences, Inc. |
41,671 |
3,425,773 |
Johnson
& Johnson |
57,712 |
9,447,455 |
Merck
& Co., Inc. |
73,994 |
8,544,087 |
Moderna,
Inc. * |
8,679 |
1,153,352 |
Perrigo
Co. plc |
7,463 |
277,549 |
Pfizer,
Inc. |
166,216 |
6,464,140 |
Syneos
Health, Inc. * |
18,978 |
745,076 |
United
Therapeutics Corp. * |
5,254 |
1,209,103 |
Viatris,
Inc. |
128,372 |
1,197,711 |
|
|
41,511,781 |
Real
Estate Investment & Services — 0.1% | ||
Jones
Lang LaSalle, Inc. * |
5,135 |
713,970 |
Real
Estate Investment Trusts — 2.8% | ||
Brixmor
Property Group, Inc. |
1,771 |
37,775 |
Cousins
Properties, Inc. |
28,520 |
622,021 |
EPR
Properties |
27,793 |
1,166,194 |
Equity
Residential |
16,057 |
1,015,605 |
Gaming
and Leisure Properties, Inc. |
15,586 |
810,472 |
Highwoods
Properties, Inc. |
40,579 |
930,071 |
Kilroy
Realty Corp. |
24,221 |
708,222 |
Kimco
Realty Corp. |
68,280 |
1,310,293 |
Medical
Properties Trust, Inc. |
125,665 |
1,102,082 |
National
Retail Properties, Inc. |
17,681 |
769,124 |
Omega
Healthcare Investors, Inc. |
49,059 |
1,312,819 |
Park
Hotels & Resorts, Inc. |
38,131 |
459,479 |
Regency
Centers Corp. |
13,215 |
811,797 |
INVESTMENTS |
SHARES |
VALUE
($) |
| ||
Real
Estate Investment Trusts — continued | ||
Simon
Property Group, Inc. |
14,014 |
1,588,067 |
SL
Green Realty Corp. (a) |
27,243 |
644,842 |
Vornado
Realty Trust |
46,085 |
691,736 |
Welltower,
Inc. |
7,590 |
601,280 |
Weyerhaeuser
Co. |
12,964 |
387,753 |
WP
Carey, Inc. |
10,641 |
789,562 |
|
|
15,759,194 |
Retailers
— 2.7% | ||
Advance
Auto Parts, Inc. |
9,969 |
1,251,409 |
AutoNation,
Inc. * |
9,090 |
1,197,153 |
Bath
& Body Works, Inc. |
20,313 |
712,986 |
Best
Buy Co., Inc. |
19,327 |
1,440,248 |
Capri
Holdings Ltd. * |
15,302 |
635,033 |
CarMax,
Inc. * |
12,176 |
852,685 |
Dick's
Sporting Goods, Inc. |
10,329 |
1,497,808 |
Gap,
Inc. (The) |
85,563 |
821,405 |
Kohl's
Corp. |
44,207 |
973,880 |
Lithia
Motors, Inc., Class A |
4,972 |
1,098,265 |
Macy's,
Inc. |
58,264 |
952,034 |
Nordstrom,
Inc. |
61,232 |
946,647 |
Penske
Automotive Group, Inc. |
8,713 |
1,207,448 |
Victoria's
Secret & Co. * |
13,710 |
425,147 |
Williams-Sonoma,
Inc. |
11,182 |
1,353,469 |
|
|
15,365,617 |
Software
& Computer Services — 13.9% | ||
Akamai
Technologies, Inc. * |
11,533 |
945,360 |
Alphabet,
Inc., Class A * |
107,929 |
11,585,099 |
Amdocs
Ltd. |
15,918 |
1,452,517 |
Black
Knight, Inc. * |
13,740 |
750,754 |
CACI
International, Inc., Class A * |
4,575 |
1,433,439 |
Cognizant
Technology Solutions Corp., Class A |
33,018 |
1,971,505 |
Concentrix
Corp. |
9,481 |
915,011 |
Dolby
Laboratories, Inc., Class A |
15,683 |
1,312,510 |
Dun
& Bradstreet Holdings, Inc. |
72,743 |
812,539 |
DXC
Technology Co. * |
46,181 |
1,101,417 |
F5,
Inc. * |
5,547 |
745,295 |
Gen
Digital, Inc. |
46,808 |
827,097 |
Hewlett
Packard Enterprise Co. |
110,925 |
1,588,446 |
International
Business Machines Corp. |
32,854 |
4,153,074 |
Intuit,
Inc. |
8,429 |
3,742,054 |
KBR,
Inc. |
14,360 |
814,643 |
Leidos
Holdings, Inc. |
15,638 |
1,458,400 |
Meta
Platforms, Inc., Class A * |
54,539 |
13,106,812 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
183
|
INVESTMENTS |
SHARES |
VALUE
($) |
Common
Stocks — continued | ||
Software
& Computer Services — continued | ||
Microsoft
Corp. |
39,899 |
12,259,367 |
NCR
Corp. * |
25,593 |
570,468 |
Oracle
Corp. |
54,704 |
5,181,563 |
PTC,
Inc. * |
8,367 |
1,052,485 |
Roper
Technologies, Inc. |
4,220 |
1,919,172 |
Salesforce,
Inc. * |
24,932 |
4,945,761 |
Science
Applications International Corp. |
12,092 |
1,233,747 |
SS&C
Technologies Holdings, Inc. |
25,449 |
1,489,784 |
Teradata
Corp. * |
23,946 |
926,950 |
|
|
78,295,269 |
Technology
Hardware & Equipment — 14.0% | ||
Amphenol
Corp., Class A |
22,787 |
1,719,735 |
Analog
Devices, Inc. |
20,336 |
3,658,040 |
Apple,
Inc. |
69,259 |
11,751,867 |
Applied
Materials, Inc. |
33,204 |
3,753,048 |
Arrow
Electronics, Inc. * |
10,503 |
1,201,858 |
Avnet,
Inc. |
27,239 |
1,123,881 |
Broadcom,
Inc. |
12,406 |
7,772,359 |
CDW
Corp. |
9,422 |
1,597,877 |
Cirrus
Logic, Inc. * |
10,316 |
885,010 |
Corning,
Inc. |
53,727 |
1,784,811 |
Dell
Technologies, Inc., Class C |
21,571 |
938,123 |
Entegris,
Inc. |
13,713 |
1,027,378 |
HP,
Inc. |
67,498 |
2,005,365 |
Intel
Corp. |
140,849 |
4,374,770 |
IPG
Photonics Corp. * |
6,721 |
772,781 |
Jabil,
Inc. |
17,064 |
1,333,552 |
KLA
Corp. |
6,889 |
2,662,874 |
Lam
Research Corp. |
6,155 |
3,225,712 |
Marvell
Technology, Inc. |
38,794 |
1,531,587 |
Microchip
Technology, Inc. |
28,870 |
2,107,221 |
Micron
Technology, Inc. |
50,697 |
3,262,859 |
National
Instruments Corp. |
18,499 |
1,077,197 |
NetApp,
Inc. |
23,546 |
1,480,808 |
ON
Semiconductor Corp. * |
26,917 |
1,936,947 |
Qorvo,
Inc. * |
10,370 |
954,870 |
QUALCOMM,
Inc. |
40,516 |
4,732,269 |
Skyworks
Solutions, Inc. |
14,511 |
1,536,715 |
TD
SYNNEX Corp. |
12,661 |
1,127,335 |
Teradyne,
Inc. |
14,069 |
1,285,625 |
Texas
Instruments, Inc. |
31,405 |
5,250,916 |
Universal
Display Corp. |
5,995 |
800,093 |
|
|
78,673,483 |
INVESTMENTS |
SHARES |
VALUE
($) |
| ||
Telecommunications
Equipment — 1.0% | ||
Cisco
Systems, Inc. |
105,207 |
4,971,031 |
Juniper
Networks, Inc. |
22,724 |
685,128 |
|
|
5,656,159 |
Telecommunications
Service Providers — 1.4% | ||
AT&T,
Inc. |
218,371 |
3,858,616 |
Comcast
Corp., Class A |
78,912 |
3,264,589 |
DISH
Network Corp., Class A * |
42,080 |
316,021 |
Lumen
Technologies, Inc. |
126,992 |
300,971 |
Verizon
Communications, Inc. |
10,084 |
391,562 |
|
|
8,131,759 |
Tobacco
— 1.1% | ||
Altria
Group, Inc. |
61,908 |
2,941,249 |
Philip
Morris International, Inc. |
31,536 |
3,152,654 |
|
|
6,093,903 |
Travel
& Leisure — 1.9% | ||
Boyd
Gaming Corp. |
19,639 |
1,362,947 |
Copa
Holdings SA, Class A (Panama) |
12,921 |
1,167,025 |
Darden
Restaurants, Inc. |
11,242 |
1,707,997 |
Marriott
Vacations Worldwide Corp. |
8,661 |
1,165,424 |
MGM
Resorts International |
33,869 |
1,521,396 |
Penn
Entertainment, Inc. * |
31,565 |
940,321 |
Travel
+ Leisure Co. |
29,211 |
1,117,905 |
Wendy's
Co. (The) |
55,552 |
1,227,699 |
Wyndham
Hotels & Resorts, Inc. * |
10,483 |
715,150 |
|
|
10,925,864 |
Total
Common Stocks
(Cost
$600,214,203) |
|
560,667,556 |
Short-Term
Investments — 0.6% | ||
Investment
Companies — 0.2% | ||
JPMorgan
U.S. Government Money Market Fund
Class
IM Shares, 4.78% (b)
(c)(Cost
$1,149,786) |
1,149,786 |
1,149,786 |
Investment
of Cash Collateral from Securities Loaned — 0.4% | ||
JPMorgan
Securities Lending Money Market Fund
Class
Agency SL Shares, 5.01% (b)
(c) |
290,676 |
290,705 |
184
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
INVESTMENTS |
SHARES |
VALUE
($) |
Short-Term
Investments — continued | ||
Investment
of Cash Collateral from Securities Loaned —
continued | ||
JPMorgan
U.S. Government Money Market Fund
Class
IM Shares, 4.78% (b)
(c) |
2,296,004 |
2,296,004 |
Total
Investment of Cash Collateral from
Securities
Loaned
(Cost
$2,586,738) |
|
2,586,709 |
Total
Short-Term Investments
(Cost
$3,736,524) |
|
3,736,495 |
Total
Investments — 100.5%
(Cost
$603,950,727) |
|
564,404,051 |
Liabilities
in Excess of Other Assets — (0.5)% |
|
(3,041,851
) |
NET
ASSETS — 100.0% |
|
561,362,200 |
Percentages
indicated are based on net
assets. |
* |
Non-income
producing security.
|
(a) |
The
security or a portion of this security is on loan at April 30,
2023.
The total value of securities on loan at April 30, 2023 is
$2,557,017. |
(b) |
Investment
in an affiliated fund, which is registered under the
Investment
Company Act of 1940, as amended, and is advised by
J.P.
Morgan Investment Management Inc. |
(c) |
The
rate shown is the current yield as of April 30,
2023. |
DESCRIPTION |
NUMBER
OF
CONTRACTS |
EXPIRATION
DATE |
TRADING
CURRENCY |
NOTIONAL
AMOUNT
($) |
VALUE
AND
UNREALIZED
APPRECIATION
(DEPRECIATION)
($) |
Long
Contracts |
|
|
|
|
|
S&P
500 E-Mini Index |
1 |
06/16/2023 |
USD |
209,450 |
15,410 |
Abbreviations |
|
USD |
United
States Dollar |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
185
|
|
JPMorgan
BetaBuilders
Canada
ETF |
JPMorgan
BetaBuilders
Developed
Asia
Pacific
ex-Japan ETF |
JPMorgan
BetaBuilders
Europe
ETF |
JPMorgan
BetaBuilders
International
Equity
ETF |
ASSETS: |
|
|
|
|
Investments
in non-affiliates, at value |
$6,148,680,321 |
$4,406,707,918 |
$9,550,897,610 |
$3,498,233,152 |
Investments
in affiliates, at value |
— |
— |
— |
18,160,002 |
Investments
of cash collateral received from securities
loaned,
at value (See
Note 2.C.) |
445,225,287 |
69,050 |
341,197,693 |
76,629,847 |
Cash |
222,418 |
35,859 |
1,051,819 |
1,036,847 |
Foreign
currency, at value |
13,149,748 |
27,735,197 |
38,117,623 |
826,915 |
Deposits
at broker for futures contracts |
1,714,194 |
2,261,295 |
6,692,652 |
1,516,000 |
Segregated
cash balance with Authorized Participant for
deposit
securities |
219,660 |
— |
— |
46,463,802 |
Receivables: |
|
|
|
|
Investment
securities sold |
— |
— |
— |
43,549,918 |
Fund
shares sold |
— |
— |
— |
1,114 |
Dividends
from non-affiliates |
17,747,013 |
5,672,255 |
27,373,355 |
15,032,186 |
Dividends
from affiliates |
— |
— |
— |
2,281 |
Tax
reclaims |
— |
299,082 |
28,870,191 |
7,119,288 |
Securities
lending income (See
Note 2.C.) |
221,758 |
1,828 |
379,481 |
94,498 |
Variation
margin on futures contracts |
167,564 |
196,435 |
1,677,864 |
— |
Total
Assets |
6,627,347,963 |
4,442,978,919 |
9,996,258,288 |
3,708,665,850 |
LIABILITIES: |
|
|
|
|
Payables: |
|
|
|
|
Investment
securities purchased |
— |
— |
25,186,250 |
753,060 |
Collateral
received on securities loaned (See
Note 2.C.) |
445,225,287 |
69,050 |
341,197,693 |
76,629,847 |
Fund
shares redeemed |
— |
— |
— |
44,251,240 |
Variation
margin on futures contracts |
— |
— |
— |
269,960 |
Collateral
upon return of deposit securities |
219,659 |
— |
— |
46,463,802 |
Accrued
liabilities: |
|
|
|
|
Management
fees (See
Note 3.A.) |
983,940 |
714,074 |
711,196 |
201,813 |
Total
Liabilities |
446,428,886 |
783,124 |
367,095,139 |
168,569,722 |
Net
Assets |
$6,180,919,077 |
$4,442,195,795 |
$9,629,163,149 |
$3,540,096,128 |
NET
ASSETS: |
|
|
|
|
Paid-in-Capital |
$5,360,813,400 |
$4,796,669,707 |
$9,631,478,079 |
$3,257,011,876 |
Total
distributable earnings (loss) |
820,105,677 |
(354,473,912
) |
(2,314,930
) |
283,084,252 |
Total
Net Assets |
$6,180,919,077 |
$4,442,195,795 |
$9,629,163,149 |
$3,540,096,128 |
Outstanding
number of shares
(unlimited
number of shares authorized - par value
$0.0001) |
100,798,911 |
89,498,641 |
172,999,596 |
64,000,000 |
Net
asset value, per share |
$61.32 |
$49.63 |
$55.66 |
$55.31 |
Cost
of investments in non-affiliates |
$5,256,236,889 |
$4,492,483,279 |
$9,449,758,046 |
$3,211,937,245 |
Cost
of investments in affiliates |
— |
— |
— |
18,160,002 |
Cost
of foreign currency |
13,250,965 |
28,080,868 |
37,336,253 |
820,959 |
Investment
securities on loan, at value (See
Note 2.C.) |
426,409,614 |
66,231 |
322,961,901 |
72,676,586 |
Cost
of investment of cash collateral (See
Note 2.C.) |
445,246,044 |
69,050 |
341,234,279 |
76,636,647 |
186
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
|
JPMorgan
BetaBuilders
Japan
ETF |
JPMorgan
BetaBuilders
U.S.
Equity ETF |
JPMorgan
BetaBuilders
U.S.
Mid
Cap Equity
ETF |
JPMorgan
BetaBuilders
U.S.
Small
Cap
Equity
ETF |
ASSETS: |
|
|
|
|
Investments
in non-affiliates, at value |
$7,351,563,502 |
$1,502,734,737 |
$1,571,965,056 |
$686,512,787 |
Investments
in affiliates, at value |
— |
23,786,984 |
14,096,298 |
8,341,702 |
Investments
of cash collateral received from securities
loaned,
at value (See
Note 2.C.) |
40,487,617 |
1,224,256 |
146,431,677 |
69,112,501 |
Cash |
88,826 |
151,184 |
49,274 |
233,328 |
Foreign
currency, at value |
18,367,046 |
— |
— |
— |
Deposits
at broker for futures contracts |
3,743,183 |
469,000 |
874,000 |
605,000 |
Receivables: |
|
|
|
|
Dividends
from non-affiliates |
74,848,833 |
1,049,761 |
523,784 |
198,093 |
Dividends
from affiliates |
— |
892 |
1,846 |
1,092 |
Securities
lending income (See
Note 2.C.) |
25,566 |
3,613 |
284,861 |
77,879 |
Variation
margin on futures contracts |
2,331,370 |
66,951 |
139,210 |
69,519 |
Total
Assets |
7,491,455,943 |
1,529,487,378 |
1,734,366,006 |
765,151,901 |
LIABILITIES: |
|
|
|
|
Payables: |
|
|
|
|
Collateral
received on securities loaned (See
Note 2.C.) |
40,487,617 |
1,224,256 |
146,431,677 |
69,112,501 |
Accrued
liabilities: |
|
|
|
|
Management
fees (See
Note 3.A.) |
1,175,013 |
23,892 |
89,721 |
50,431 |
Total
Liabilities |
41,662,630 |
1,248,148 |
146,521,398 |
69,162,932 |
Net
Assets |
$7,449,793,313 |
$1,528,239,230 |
$1,587,844,608 |
$695,988,969 |
NET
ASSETS: |
|
|
|
|
Paid-in-Capital |
$8,270,347,808 |
$1,511,743,249 |
$1,833,077,231 |
$825,725,953 |
Total
distributable earnings (loss) |
(820,554,495
) |
16,495,981 |
(245,232,623
) |
(129,736,984
) |
Total
Net Assets |
$7,449,793,313 |
$1,528,239,230 |
$1,587,844,608 |
$695,988,969 |
Outstanding
number of shares
(unlimited
number of shares authorized - par value
$0.0001) |
154,097,548 |
20,500,000 |
21,275,000 |
13,125,000 |
Net
asset value, per share |
$48.34 |
$74.55 |
$74.63 |
$53.03 |
Cost
of investments in non-affiliates |
$7,967,112,205 |
$1,498,227,788 |
$1,642,708,518 |
$756,300,377 |
Cost
of investments in affiliates |
— |
23,461,351 |
14,096,298 |
8,341,702 |
Cost
of foreign currency |
18,476,564 |
— |
— |
— |
Investment
securities on loan, at value (See
Note 2.C.) |
38,169,726 |
1,144,759 |
143,449,282 |
66,919,624 |
Cost
of investment of cash collateral (See
Note 2.C.) |
40,494,214 |
1,224,256 |
146,466,813 |
69,125,995 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
187
|
|
JPMorgan
Carbon
Transition
U.S.
Equity
ETF |
JPMorgan
Diversified
Return
Emerging
Markets
Equity
ETF |
JPMorgan
Diversified
Return
International
Equity
ETF |
JPMorgan
Diversified
Return
U.S.
Equity
ETF |
ASSETS: |
|
|
|
|
Investments
in non-affiliates, at value |
$22,407,786 |
$280,740,933 |
$807,673,422 |
$498,985,951 |
Investments
in affiliates, at value |
22,283 |
— |
569,151 |
360,914 |
Investments
of cash collateral received from securities loaned, at
value (See
Note 2.C.) |
— |
102,725 |
13,885,756 |
12,137,913 |
Cash |
489 |
429,367 |
485,296 |
17,470 |
Foreign
currency, at value |
— |
184,043 |
62,820 |
— |
Deposits
at broker for futures contracts |
13,000 |
14,046 |
173,291 |
27,400 |
Receivables: |
|
|
|
|
Dividends
from non-affiliates |
17,428 |
716,059 |
5,305,677 |
563,006 |
Dividends
from affiliates |
3 |
— |
17 |
47 |
Tax
reclaims |
— |
6,547 |
934,291 |
— |
Securities
lending income (See
Note 2.C.) |
— |
6 |
18,548 |
615 |
Variation
margin on futures contracts |
309 |
1,530 |
— |
4,219 |
Total
Assets |
22,461,298 |
282,195,256 |
829,108,269 |
512,097,535 |
LIABILITIES: |
|
|
|
|
Payables: |
|
|
|
|
Investment
securities purchased |
— |
— |
630 |
— |
Collateral
received on securities loaned (See
Note 2.C.) |
— |
102,725 |
13,885,756 |
12,137,913 |
Variation
margin on futures contracts |
— |
— |
3,750 |
— |
Accrued
liabilities: |
|
|
|
|
Management
fees (See
Note 3.A.) |
2,740 |
101,191 |
246,140 |
74,194 |
Deferred
foreign capital gains tax |
— |
292,587 |
— |
— |
Total
Liabilities |
2,740 |
496,503 |
14,136,276 |
12,212,107 |
Net
Assets |
$22,458,558 |
$281,698,753 |
$814,971,993 |
$499,885,428 |
NET
ASSETS: |
|
|
|
|
Paid-in-Capital |
$22,479,247 |
$306,167,249 |
$953,535,440 |
$487,705,361 |
Total
distributable earnings (loss) |
(20,689
) |
(24,468,496
) |
(138,563,447
) |
12,180,067 |
Total
Net Assets |
$22,458,558 |
$281,698,753 |
$814,971,993 |
$499,885,428 |
Outstanding
number of shares
(unlimited
number of shares authorized - par value $0.0001) |
400,000 |
5,500,000 |
15,200,000 |
5,200,000 |
Net
asset value, per share |
$56.15 |
$51.22 |
$53.62 |
$96.13 |
Cost
of investments in non-affiliates |
$20,944,126 |
$268,636,369 |
$797,656,875 |
$457,100,047 |
Cost
of investments in affiliates |
22,283 |
— |
569,151 |
360,914 |
Cost
of foreign currency |
— |
185,399 |
62,822 |
— |
Investment
securities on loan, at value (See
Note 2.C.) |
— |
84,919 |
13,213,390 |
11,942,167 |
Cost
of investment of cash collateral (See
Note 2.C.) |
— |
102,725 |
13,887,359 |
12,138,793 |
188
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
|
JPMorgan
Diversified
Return
U.S. Mid
Cap
Equity ETF |
JPMorgan
Diversified
Return
U.S. Small
Cap
Equity ETF |
JPMorgan
U.S.
Momentum
Factor
ETF |
JPMorgan
U.S.
Quality
Factor
ETF |
ASSETS: |
|
|
|
|
Investments
in non-affiliates, at value |
$342,736,925 |
$379,124,648 |
$238,515,459 |
$1,199,480,991 |
Investments
in affiliates, at value |
659,852 |
685,213 |
430,636 |
807,992 |
Investments
of cash collateral received from securities loaned, at
value (See
Note 2.C.) |
1,355,792 |
22,947,295 |
509,082 |
38,165,790 |
Cash |
5,223 |
76,850 |
1,386 |
8,020 |
Deposits
at broker for futures contracts |
48,200 |
36,000 |
30,760 |
49,800 |
Receivables: |
|
|
|
|
Due
from custodian |
— |
2,110 |
— |
— |
Dividends
from non-affiliates |
267,165 |
210,926 |
156,124 |
810,187 |
Dividends
from affiliates |
86 |
90 |
56 |
106 |
Securities
lending income (See
Note 2.C.) |
266 |
11,584 |
2,730 |
11,502 |
Variation
margin on futures contracts |
16,998 |
3,612 |
4,205 |
7,100 |
Total
Assets |
345,090,507 |
403,098,328 |
239,650,438 |
1,239,341,488 |
LIABILITIES: |
|
|
|
|
Payables: |
|
|
|
|
Investment
securities purchased |
— |
194,550 |
— |
— |
Collateral
received on securities loaned (See
Note 2.C.) |
1,355,792 |
22,947,295 |
509,082 |
38,165,790 |
Accrued
liabilities: |
|
|
|
|
Management
fees (See
Note 3.A.) |
64,435 |
85,747 |
24,010 |
109,662 |
Total
Liabilities |
1,420,227 |
23,227,592 |
533,092 |
38,275,452 |
Net
Assets |
$343,670,280 |
$379,870,736 |
$239,117,346 |
$1,201,066,036 |
NET
ASSETS: |
|
|
|
|
Paid-in-Capital |
$340,513,352 |
$414,840,687 |
$268,767,008 |
$1,179,307,479 |
Total
distributable earnings (loss) |
3,156,928 |
(34,969,951
) |
(29,649,662
) |
21,758,557 |
Total
Net Assets |
$343,670,280 |
$379,870,736 |
$239,117,346 |
$1,201,066,036 |
Outstanding
number of shares
(unlimited
number of shares authorized - par value $0.0001) |
4,000,000 |
9,750,000 |
6,050,000 |
28,750,000 |
Net
asset value, per share |
$85.92 |
$38.96 |
$39.52 |
$41.78 |
Cost
of investments in non-affiliates |
$333,769,852 |
$390,189,700 |
$229,768,423 |
$1,141,379,066 |
Cost
of investments in affiliates |
659,852 |
685,213 |
430,636 |
807,992 |
Investment
securities on loan, at value (See
Note 2.C.) |
1,323,835 |
22,458,095 |
494,406 |
37,814,933 |
Cost
of investment of cash collateral (See
Note 2.C.) |
1,355,792 |
22,951,188 |
509,082 |
38,169,895 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
189
|
|
JPMorgan
U.S.
Value
Factor
ETF |
ASSETS: |
|
Investments
in non-affiliates, at value |
$560,667,556 |
Investments
in affiliates, at value |
1,149,786 |
Investments
of cash collateral received from securities loaned, at value (See
Note 2.C.) |
2,586,709 |
Cash |
14,753 |
Deposits
at broker for futures contracts |
16,200 |
Receivables: |
|
Investment
securities sold |
18,688,355 |
Dividends
from non-affiliates |
631,045 |
Dividends
from affiliates |
151 |
Securities
lending income (See
Note 2.C.) |
7,427 |
Variation
margin on futures contracts |
1,399 |
Total
Assets |
583,763,381 |
LIABILITIES: |
|
Payables: |
|
Investment
securities purchased |
1,029,755 |
Collateral
received on securities loaned (See
Note 2.C.) |
2,586,709 |
Fund
shares redeemed |
18,712,188 |
Accrued
liabilities: |
|
Management
fees (See
Note 3.A.) |
72,529 |
Total
Liabilities |
22,401,181 |
Net
Assets |
$561,362,200 |
NET
ASSETS: |
|
Paid-in-Capital |
$651,372,039 |
Total
distributable earnings (loss) |
(90,009,839
) |
Total
Net Assets |
$561,362,200 |
Outstanding
number of shares
(unlimited
number of shares authorized - par value $0.0001) |
16,500,000 |
Net
asset value, per share |
$34.02 |
Cost
of investments in non-affiliates |
$600,214,203 |
Cost
of investments in affiliates |
1,149,786 |
Investment
securities on loan, at value (See
Note 2.C.) |
2,557,017 |
Cost
of investment of cash collateral (See
Note 2.C.) |
2,586,738 |
190
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
|
JPMorgan
BetaBuilders
Canada
ETF
|
JPMorgan
BetaBuilders
Developed
Asia
Pacific
ex-Japan ETF
|
JPMorgan
BetaBuilders
Europe
ETF
|
JPMorgan
BetaBuilders
International
Equity
ETF
|
INVESTMENT
INCOME: |
|
|
|
|
Interest
income from non-affiliates |
$54,822 |
$27,691 |
$89,387 |
$2,440 |
Interest
income from affiliates |
2,020 |
36,971 |
19,923 |
24,145 |
Dividend
income from non-affiliates |
99,296,800 |
80,608,493 |
138,923,264 |
54,952,876 |
Dividend
income from affiliates |
— |
— |
— |
311,994 |
Income
from securities lending (net) (See
Note 2.C.) |
1,427,740 |
26,148 |
726,540 |
226,548 |
Foreign
taxes withheld (net) |
(13,746,712
) |
(615,771
) |
(15,677,257
) |
(5,466,333
) |
Total
investment income |
87,034,670 |
80,083,532 |
124,081,857 |
50,051,670 |
EXPENSES: |
|
|
|
|
Management
fees (See
Note 3.A.) |
5,532,870 |
3,988,114 |
2,753,840 |
1,074,678 |
Interest
expense to non-affiliates |
— |
1,057 |
2,870 |
— |
Interest
expense to affiliates |
13,614 |
247 |
1,003 |
4,707 |
Total
expenses |
5,546,484 |
3,989,418 |
2,757,713 |
1,079,385 |
Net
investment income (loss) |
81,488,186 |
76,094,114 |
121,324,144 |
48,972,285 |
REALIZED/UNREALIZED
GAINS (LOSSES): |
|
|
|
|
Net
realized gain (loss) on transactions from: |
|
|
|
|
Investments
in non-affiliates |
(11,072,437
) |
(25,426,755
) |
(35,520,446
) |
(14,923,128
) |
In-kind
redemptions of investments in
non-affiliates (See
Note 4) |
89,312,448 |
4,831,037 |
79,653,586 |
45,065,867 |
Futures
contracts |
(1,817,694
) |
861,333 |
5,974,593 |
2,447,734 |
Foreign
currency transactions |
(964,314
) |
389,529 |
2,773,697 |
560,680 |
Net
realized gain (loss) |
75,458,003 |
(19,344,856
) |
52,881,430 |
33,151,153 |
Change
in net unrealized appreciation/depreciation on: |
|
|
|
|
Investments
in non-affiliates |
323,976,191 |
517,838,610 |
995,376,141 |
570,091,609 |
Investments
in affiliates |
(20,757
) |
(33
) |
(44,914
) |
(6,702
) |
Futures
contracts |
725,689 |
453,948 |
1,873,398 |
2,589,797 |
Foreign
currency translations |
(210,888
) |
(588,698
) |
3,070,884 |
589,558 |
Change
in net unrealized appreciation/depreciation |
324,470,235 |
517,703,827 |
1,000,275,509 |
573,264,262 |
Net
realized/unrealized gains (losses) |
399,928,238 |
498,358,971 |
1,053,156,939 |
606,415,415 |
Change
in net assets resulting from operations |
$481,416,424 |
$574,453,085 |
$1,174,481,083 |
$655,387,700 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
191
|
|
JPMorgan
BetaBuilders
Japan
ETF
|
JPMorgan
BetaBuilders
U.S.
Equity ETF
|
JPMorgan
BetaBuilders
U.S.
Mid
Cap Equity
ETF
|
JPMorgan
BetaBuilders
U.S.
Small
Cap
Equity
ETF
|
INVESTMENT
INCOME: |
|
|
|
|
Interest
income from non-affiliates |
$107 |
$1 |
$71 |
$1 |
Interest
income from affiliates |
521 |
11,528 |
14,064 |
9,658 |
Dividend
income from non-affiliates |
98,835,393 |
10,940,440 |
10,036,364 |
4,228,024 |
Dividend
income from affiliates |
— |
410,364 |
264,493 |
141,445 |
Income
from securities lending (net) (See
Note 2.C.) |
174,970 |
22,203 |
1,178,555 |
411,937 |
Foreign
taxes withheld (net) |
(9,904,933
) |
— |
— |
— |
Total
investment income |
89,106,058 |
11,384,536 |
11,493,547 |
4,791,065 |
EXPENSES: |
|
|
|
|
Management
fees (See
Note 3.A.) |
6,621,750 |
126,916 |
495,354 |
258,313 |
Interest
expense to non-affiliates |
4,999 |
— |
— |
— |
Interest
expense to affiliates |
31,207 |
955 |
1,770 |
836 |
Total
expenses |
6,657,956 |
127,871 |
497,124 |
259,149 |
Net
investment income (loss) |
82,448,102 |
11,256,665 |
10,996,423 |
4,531,916 |
REALIZED/UNREALIZED
GAINS (LOSSES): |
|
|
|
|
Net
realized gain (loss) on transactions from: |
|
|
|
|
Investments
in non-affiliates |
(29,910,983
) |
(18,537,933
) |
(63,046,374
) |
(32,905,289
) |
In-kind
redemptions of investments in non-affiliates (See
Note
4) |
13,214,929 |
47,019,162 |
48,531,860 |
16,577,751 |
In-kind
redemptions of investments in affiliates (See
Note 4) |
— |
562,810 |
— |
— |
Futures
contracts |
796,086 |
(270,449
) |
(1,801,705
) |
(961,332
) |
Foreign
currency transactions |
7,942,589 |
— |
— |
— |
Net
realized gain (loss) |
(7,957,379
) |
28,773,590 |
(16,316,219
) |
(17,288,870
) |
Change
in net unrealized appreciation/depreciation on: |
|
|
|
|
Investments
in non-affiliates |
1,020,883,151 |
69,716,528 |
11,179,001 |
(11,817,225
) |
Investments
in affiliates |
(6,597
) |
927,687 |
(37,583
) |
(17,696
) |
Futures
contracts |
1,826,724 |
475,844 |
(353,635
) |
(338,701
) |
Foreign
currency translations |
(114,762
) |
— |
— |
— |
Change
in net unrealized appreciation/depreciation |
1,022,588,516 |
71,120,059 |
10,787,783 |
(12,173,622
) |
Net
realized/unrealized gains (losses) |
1,014,631,137 |
99,893,649 |
(5,528,436
) |
(29,462,492
) |
Change
in net assets resulting from operations |
$1,097,079,239 |
$111,150,314 |
$5,467,987 |
$(24,930,576
) |
192
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
|
JPMorgan
Carbon
Transition
U.S.
Equity
ETF
|
JPMorgan
Diversified
Return
Emerging
Markets
Equity
ETF
|
JPMorgan
Diversified
Return
International
Equity
ETF
|
JPMorgan
Diversified
Return
U.S. Equity
ETF
|
INVESTMENT
INCOME: |
|
|
|
|
Interest
income from non-affiliates |
$— |
$1,254 |
$1,280 |
$2 |
Interest
income from affiliates |
257 |
6,068 |
4,376 |
1,848 |
Dividend
income from non-affiliates |
171,660 |
4,343,432 |
15,056,390 |
6,356,969 |
Dividend
income from affiliates |
821 |
— |
26,141 |
22,474 |
Income
from securities lending (net) (See
Note 2.C.) |
— |
347 |
60,827 |
3,075 |
Foreign
taxes withheld (net) |
— |
(391,970
) |
(1,169,490
) |
— |
Total
investment income |
172,738 |
3,959,131 |
13,979,524 |
6,384,368 |
EXPENSES: |
|
|
|
|
Management
fees (See
Note 3.A.) |
16,046 |
519,169 |
1,408,420 |
452,419 |
Interest
expense to affiliates |
— |
— |
18 |
— |
Total
expenses |
16,046 |
519,169 |
1,408,438 |
452,419 |
Net
investment income (loss) |
156,692 |
3,439,962 |
12,571,086 |
5,931,949 |
REALIZED/UNREALIZED
GAINS (LOSSES): |
|
|
|
|
Net
realized gain (loss) on transactions from: |
|
|
|
|
Investments
in non-affiliates |
(517,301
) |
(3,163,979
)(a) |
(21,318,387
) |
(12,955,001
) |
Investments
in affiliates |
— |
— |
1,167 |
— |
In-kind
redemptions of investments in non-affiliates (See
Note 4) |
414,072 |
603,532 |
2,273,691 |
18,319,940 |
Futures
contracts |
2,098 |
16,647 |
810,859 |
(35,890
) |
Foreign
currency transactions |
— |
(24,900
) |
219,904 |
— |
Net
realized gain (loss) |
(101,131
) |
(2,568,700
) |
(18,012,766
) |
5,329,049 |
Change
in net unrealized appreciation/depreciation on: |
|
|
|
|
Investments
in non-affiliates |
1,511,545 |
24,120,619
(b) |
149,588,281 |
6,233,561 |
Investments
in affiliates |
— |
— |
(2,726
) |
(980
) |
Futures
contracts |
(392
) |
12,574 |
136,642 |
(15,610
) |
Foreign
currency translations |
— |
29,621 |
96,964 |
— |
Change
in net unrealized appreciation/depreciation |
1,511,153 |
24,162,814 |
149,819,161 |
6,216,971 |
Net
realized/unrealized gains (losses) |
1,410,022 |
21,594,114 |
131,806,395 |
11,546,020 |
Change
in net assets resulting from operations |
$1,566,714 |
$25,034,076 |
$144,377,481 |
$17,477,969 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
193
|
|
JPMorgan
Diversified
Return
U.S. Mid
Cap
Equity ETF
|
JPMorgan
Diversified
Return
U.S. Small
Cap
Equity ETF
|
JPMorgan
U.S.
Momentum
Factor
ETF
|
JPMorgan
U.S.
Quality
Factor
ETF
|
INVESTMENT
INCOME: |
|
|
|
|
Interest
income from non-affiliates |
$1 |
$13 |
$8 |
$10 |
Interest
income from affiliates |
1,481 |
1,274 |
800 |
1,716 |
Dividend
income from non-affiliates |
3,105,239 |
3,669,278 |
1,839,021 |
6,822,934 |
Dividend
income from affiliates |
13,325 |
20,755 |
10,538 |
32,556 |
Income
from securities lending (net) (See
Note 2.C.) |
751 |
118,464 |
19,693 |
97,105 |
Total
investment income |
3,120,797 |
3,809,784 |
1,870,060 |
6,954,321 |
EXPENSES: |
|
|
|
|
Management
fees (See
Note 3.A.) |
363,167 |
470,329 |
139,928 |
478,820 |
Total
expenses |
363,167 |
470,329 |
139,928 |
478,820 |
Net
investment income (loss) |
2,757,630 |
3,339,455 |
1,730,132 |
6,475,501 |
REALIZED/UNREALIZED
GAINS (LOSSES): |
|
|
|
|
Net
realized gain (loss) on transactions from: |
|
|
|
|
Investments
in non-affiliates |
(6,521,029
) |
(15,616,238
) |
(14,450,002
) |
(16,901,252
) |
In-kind
redemptions of investments in non-affiliates (See
Note 4) |
14,058,241 |
12,098,978 |
1,012,704 |
15,672,965 |
Futures
contracts |
(86,774
) |
(142,757
) |
(15,062
) |
(10,543
) |
Net
realized gain (loss) |
7,450,438 |
(3,660,017
) |
(13,452,360
) |
(1,238,830
) |
Change
in net unrealized appreciation/depreciation on: |
|
|
|
|
Investments
in non-affiliates |
(464,260
) |
(7,214,613
) |
21,293,174 |
74,624,202 |
Investments
in affiliates |
— |
(6,532
) |
— |
(4,305
) |
Futures
contracts |
(18,610
) |
(11,195
) |
(9,620
) |
(6,635
) |
Change
in net unrealized appreciation/depreciation |
(482,870
) |
(7,232,340
) |
21,283,554 |
74,613,262 |
Net
realized/unrealized gains (losses) |
6,967,568 |
(10,892,357
) |
7,831,194 |
73,374,432 |
Change
in net assets resulting from operations |
$9,725,198 |
$(7,552,902
) |
$9,561,326 |
$79,849,933 |
194
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
|
JPMorgan
U.S.
Value
Factor
ETF
|
INVESTMENT
INCOME: |
|
Interest
income from non-affiliates |
$7 |
Interest
income from affiliates |
1,690 |
Dividend
income from non-affiliates |
8,432,374 |
Dividend
income from affiliates |
24,333 |
Income
from securities lending (net) (See
Note 2.C.) |
14,113 |
Total
investment income |
8,472,517 |
EXPENSES: |
|
Management
fees (See
Note 3.A.) |
371,466 |
Interest
expense to affiliates |
711 |
Total
expenses |
372,177 |
Net
investment income (loss) |
8,100,340 |
REALIZED/UNREALIZED
GAINS (LOSSES): |
|
Net
realized gain (loss) on transactions from: |
|
Investments
in non-affiliates |
(25,042,526
) |
In-kind
redemptions of investments in non-affiliates (See
Note 4) |
28,404,113 |
Futures
contracts |
5,759 |
Net
realized gain (loss) |
3,367,346 |
Change
in net unrealized appreciation/depreciation on: |
|
Investments
in non-affiliates |
7,283,657 |
Investments
in affiliates |
(237
) |
Futures
contracts |
(12,821
) |
Change
in net unrealized appreciation/depreciation |
7,270,599 |
Net
realized/unrealized gains (losses) |
10,637,945 |
Change
in net assets resulting from operations |
$18,738,285 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
195
|
|
JPMorgan
BetaBuilders
Canada
ETF |
JPMorgan
BetaBuilders Developed
Asia
Pacific ex-Japan ETF | ||
|
Six
Months Ended
April
30, 2023
(Unaudited) |
Year
Ended
October
31, 2022
|
Six
Months Ended
April
30, 2023
(Unaudited) |
Year
Ended
October
31, 2022
|
CHANGE
IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|
|
|
Net
investment income (loss) |
$81,488,186 |
$155,905,858 |
$76,094,114 |
$168,498,778 |
Net
realized gain (loss) |
75,458,003 |
16,551,404 |
(19,344,856
) |
(101,978,748
) |
Change
in net unrealized appreciation/depreciation |
324,470,235 |
(1,077,868,825
) |
517,703,827 |
(907,509,929
) |
Change
in net assets resulting from operations |
481,416,424 |
(905,411,563
) |
574,453,085 |
(840,989,899
) |
DISTRIBUTIONS
TO SHAREHOLDERS: |
|
|
|
|
Total
distributions to shareholders |
(71,070,150
) |
(152,620,697
) |
(55,720,981
) |
(267,459,428
) |
CAPITAL
TRANSACTIONS: |
|
|
|
|
Change
in net assets resulting from capital transactions |
126,299,508 |
631,036,936 |
511,452,787 |
407,341,684 |
NET
ASSETS: |
|
|
|
|
Change
in net assets |
536,645,782 |
(426,995,324
) |
1,030,184,891 |
(701,107,643
) |
Beginning
of period |
5,644,273,295 |
6,071,268,619 |
3,412,010,904 |
4,113,118,547 |
End
of period |
$6,180,919,077 |
$5,644,273,295 |
$4,442,195,795 |
$3,412,010,904 |
CAPITAL
TRANSACTIONS: |
|
|
|
|
Proceeds
from shares issued |
$407,117,289 |
$890,586,159 |
$531,115,558 |
$581,070,458 |
Cost
of shares redeemed |
(280,817,781
) |
(259,549,223
) |
(19,662,771
) |
(173,728,774
) |
Total
change in net assets resulting from capital
transactions |
$126,299,508 |
$631,036,936 |
$511,452,787 |
$407,341,684 |
SHARE
TRANSACTIONS: |
|
|
|
|
Issued |
6,900,000 |
13,350,000 |
10,100,000 |
11,000,000 |
Redeemed |
(4,600,000
) |
(4,400,000
) |
(400,000
) |
(3,500,000
) |
Net
increase (decrease) in shares from share
transactions |
2,300,000 |
8,950,000 |
9,700,000 |
7,500,000 |
196
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
|
JPMorgan
BetaBuilders
Europe
ETF |
JPMorgan
BetaBuilders
International
Equity ETF | ||
|
Six
Months Ended
April
30, 2023
(Unaudited) |
Year
Ended
October
31, 2022
|
Six
Months Ended
April
30, 2023
(Unaudited) |
Year
Ended
October
31, 2022
|
CHANGE
IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|
|
|
Net
investment income (loss) |
$121,324,144 |
$248,401,924 |
$48,972,285 |
$88,153,100 |
Net
realized gain (loss) |
52,881,430 |
(276,059,377
) |
33,151,153 |
13,170,405 |
Change
in net unrealized appreciation/depreciation |
1,000,275,509 |
(1,626,158,808
) |
573,264,262 |
(892,730,954
) |
Change
in net assets resulting from operations |
1,174,481,083 |
(1,653,816,261
) |
655,387,700 |
(791,407,449
) |
DISTRIBUTIONS
TO SHAREHOLDERS: |
|
|
|
|
Total
distributions to shareholders |
(31,746,063
) |
(309,349,480
) |
(17,909,105
) |
(124,967,513
) |
CAPITAL
TRANSACTIONS: |
|
|
|
|
Change
in net assets resulting from capital transactions |
4,958,740,370 |
(3,936,599,878
) |
192,520,015 |
(53,668,198
) |
NET
ASSETS: |
|
|
|
|
Change
in net assets |
6,101,475,390 |
(5,899,765,619
) |
829,998,610 |
(970,043,160
) |
Beginning
of period |
3,527,687,759 |
9,427,453,378 |
2,710,097,518 |
3,680,140,678 |
End
of period |
$9,629,163,149 |
$3,527,687,759 |
$3,540,096,128 |
$2,710,097,518 |
CAPITAL
TRANSACTIONS: |
|
|
|
|
Proceeds
from shares issued |
$5,707,604,285 |
$3,919,047,179 |
$428,337,151 |
$275,139,027 |
Cost
of shares redeemed |
(748,863,915
) |
(7,855,647,057
) |
(235,817,136
) |
(328,807,225
) |
Total
change in net assets resulting from capital
transactions |
$4,958,740,370 |
$(3,936,599,878
) |
$192,520,015 |
$(53,668,198
) |
SHARE
TRANSACTIONS: |
|
|
|
|
Issued |
108,100,000 |
78,900,000 |
8,000,000 |
5,800,000 |
Redeemed |
(16,000,000
) |
(155,800,000
) |
(4,600,000
) |
(6,000,000
) |
Net
increase (decrease) in shares from share
transactions |
92,100,000 |
(76,900,000
) |
3,400,000 |
(200,000
) |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
197
|
|
JPMorgan
BetaBuilders
Japan
ETF |
JPMorgan
BetaBuilders
U.S.
Equity ETF | ||
|
Six
Months Ended
April
30, 2023
(Unaudited) |
Year
Ended
October
31, 2022
|
Six
Months Ended
April
30, 2023
(Unaudited) |
Year
Ended
October
31, 2022
|
CHANGE
IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|
|
|
Net
investment income (loss) |
$82,448,102 |
$149,079,840 |
$11,256,665 |
$15,423,970 |
Net
realized gain (loss) |
(7,957,379
) |
(80,090,887
) |
28,773,590 |
4,487,198 |
Change
in net unrealized appreciation/depreciation |
1,022,588,516 |
(2,108,806,716
) |
71,120,059 |
(204,422,658
) |
Change
in net assets resulting from operations |
1,097,079,239 |
(2,039,817,763
) |
111,150,314 |
(184,511,490
) |
DISTRIBUTIONS
TO SHAREHOLDERS: |
|
|
|
|
Total
distributions to shareholders |
(102,173,384
) |
(220,078,396
) |
(10,793,362
) |
(14,262,272
) |
CAPITAL
TRANSACTIONS: |
|
|
|
|
Change
in net assets resulting from capital transactions |
243,649,895 |
606,595,869 |
151,358,670 |
692,691,398 |
NET
ASSETS: |
|
|
|
|
Change
in net assets |
1,238,555,750 |
(1,653,300,290
) |
251,715,622 |
493,917,636 |
Beginning
of period |
6,211,237,563 |
7,864,537,853 |
1,276,523,608 |
782,605,972 |
End
of period |
$7,449,793,313 |
$6,211,237,563 |
$1,528,239,230 |
$1,276,523,608 |
CAPITAL
TRANSACTIONS: |
|
|
|
|
Proceeds
from shares issued |
$334,666,778 |
$1,208,227,460 |
$335,651,885 |
$768,415,533 |
Cost
of shares redeemed |
(91,016,883
) |
(601,631,591
) |
(184,293,215
) |
(75,724,135
) |
Total
change in net assets resulting from capital
transactions |
$243,649,895 |
$606,595,869 |
$151,358,670 |
$692,691,398 |
SHARE
TRANSACTIONS: |
|
|
|
|
Issued |
7,100,000 |
23,400,000 |
4,650,000 |
10,150,000 |
Redeemed |
(2,000,000
) |
(12,000,000
) |
(2,550,000
) |
(1,050,000
) |
Net
increase (decrease) in shares from share
transactions |
5,100,000 |
11,400,000 |
2,100,000 |
9,100,000 |
198
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
|
JPMorgan
BetaBuilders U.S.
Mid
Cap Equity ETF |
JPMorgan
BetaBuilders U.S. Small
Cap
Equity ETF | ||
|
Six
Months Ended
April
30, 2023
(Unaudited) |
Year
Ended
October
31, 2022
|
Six
Months Ended
April
30, 2023
(Unaudited) |
Year
Ended
October
31, 2022
|
CHANGE
IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|
|
|
Net
investment income (loss) |
$10,996,423 |
$19,122,942 |
$4,531,916 |
$6,140,418 |
Net
realized gain (loss) |
(16,316,219
) |
346,144 |
(17,288,870
) |
(14,173,562
) |
Distributions
of capital gains received from investment
company
affiliates |
— |
604 |
— |
— |
Change
in net unrealized appreciation/depreciation |
10,787,783 |
(350,680,418
) |
(12,173,622
) |
(78,757,441
) |
Change
in net assets resulting from operations |
5,467,987 |
(331,210,728
) |
(24,930,576
) |
(86,790,585
) |
DISTRIBUTIONS
TO SHAREHOLDERS: |
|
|
|
|
Total
distributions to shareholders |
(11,192,825
) |
(18,142,752
) |
(3,975,853
) |
(6,135,146
) |
CAPITAL
TRANSACTIONS: |
|
|
|
|
Change
in net assets resulting from capital transactions |
203,005,100 |
41,293,712 |
230,133,138 |
145,626,501 |
NET
ASSETS: |
|
|
|
|
Change
in net assets |
197,280,262 |
(308,059,768
) |
201,226,709 |
52,700,770 |
Beginning
of period |
1,390,564,346 |
1,698,624,114 |
494,762,260 |
442,061,490 |
End
of period |
$1,587,844,608 |
$1,390,564,346 |
$695,988,969 |
$494,762,260 |
CAPITAL
TRANSACTIONS: |
|
|
|
|
Proceeds
from shares issued |
$395,670,355 |
$585,288,055 |
$328,790,359 |
$286,035,202 |
Cost
of shares redeemed |
(192,665,255
) |
(543,994,343
) |
(98,657,221
) |
(140,408,701
) |
Total
change in net assets resulting from capital
transactions |
$203,005,100 |
$41,293,712 |
$230,133,138 |
$145,626,501 |
SHARE
TRANSACTIONS: |
|
|
|
|
Issued |
5,100,000 |
7,100,000 |
5,925,000 |
4,900,000 |
Redeemed |
(2,600,000
) |
(6,475,000
) |
(1,850,000
) |
(2,400,000
) |
Net
increase (decrease) in shares from share
transactions |
2,500,000 |
625,000 |
4,075,000 |
2,500,000 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
199
|
|
JPMorgan
Carbon Transition
U.S.
Equity ETF |
JPMorgan
Diversified Return
Emerging
Markets Equity ETF | ||
|
Six
Months Ended
April
30, 2023
(Unaudited) |
Year
Ended
October
31, 2022
|
Six
Months Ended
April
30, 2023
(Unaudited) |
Year
Ended
October
31, 2022
|
CHANGE
IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|
|
|
Net
investment income (loss) |
$156,692 |
$310,617 |
$3,439,962 |
$6,881,979 |
Net
realized gain (loss) |
(101,131
) |
585,627 |
(2,568,700
) |
(2,496,820
) |
Change
in net unrealized appreciation/depreciation |
1,511,153 |
(4,501,537
) |
24,162,814 |
(31,063,579
) |
Change
in net assets resulting from operations |
1,566,714 |
(3,605,293
) |
25,034,076 |
(26,678,420
) |
DISTRIBUTIONS
TO SHAREHOLDERS: |
|
|
|
|
Total
distributions to shareholders |
(155,176
) |
(316,660
) |
(1,781,382
) |
(8,578,159
) |
CAPITAL
TRANSACTIONS: |
|
|
|
|
Change
in net assets resulting from capital transactions |
99,339 |
(63,760
) |
94,519,833 |
45,300,057 |
NET
ASSETS: |
|
|
|
|
Change
in net assets |
1,510,877 |
(3,985,713
) |
117,772,527 |
10,043,478 |
Beginning
of period |
20,947,681 |
24,933,394 |
163,926,226 |
153,882,748 |
End
of period |
$22,458,558 |
$20,947,681 |
$281,698,753 |
$163,926,226 |
CAPITAL
TRANSACTIONS: |
|
|
|
|
Proceeds
from shares issued |
$2,702,370 |
$11,343,556 |
$99,656,093 |
$59,899,317 |
Cost
of shares redeemed |
(2,603,031
) |
(11,407,316
) |
(5,136,260
) |
(14,599,260
) |
Total
change in net assets resulting from capital
transactions |
$99,339 |
$(63,760
) |
$94,519,833 |
$45,300,057 |
SHARE
TRANSACTIONS: |
|
|
|
|
Issued |
50,000 |
200,000 |
2,000,000 |
1,200,000 |
Redeemed |
(50,000
) |
(200,000
) |
(100,000
) |
(300,000
) |
Net
increase (decrease) in shares from share
transactions |
— |
— |
1,900,000 |
900,000 |
200
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
|
JPMorgan
Diversified Return
International
Equity ETF |
JPMorgan
Diversified Return
U.S.
Equity ETF | ||
|
Six
Months Ended
April
30, 2023
(Unaudited) |
Year
Ended
October
31, 2022
|
Six
Months Ended
April
30, 2023
(Unaudited) |
Year
Ended
October
31, 2022
|
CHANGE
IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|
|
|
Net
investment income (loss) |
$12,571,086 |
$27,582,338 |
$5,931,949 |
$12,658,003 |
Net
realized gain (loss) |
(18,012,766
) |
(28,259,394
) |
5,329,049 |
90,675,199 |
Distributions
of capital gains received from investment company
affiliates |
— |
42 |
— |
— |
Change
in net unrealized appreciation/depreciation |
149,819,161 |
(198,906,255
) |
6,216,971 |
(128,753,788
) |
Change
in net assets resulting from operations |
144,377,481 |
(199,583,269
) |
17,477,969 |
(25,420,586
) |
DISTRIBUTIONS
TO SHAREHOLDERS: |
|
|
|
|
Total
distributions to shareholders |
(6,041,444
) |
(41,010,274
) |
(6,256,031
) |
(12,386,546
) |
CAPITAL
TRANSACTIONS: |
|
|
|
|
Change
in net assets resulting from capital transactions |
5,573,816 |
69,639,461 |
(18,618,963
) |
(164,922,989
) |
NET
ASSETS: |
|
|
|
|
Change
in net assets |
143,909,853 |
(170,954,082
) |
(7,397,025
) |
(202,730,121
) |
Beginning
of period |
671,062,140 |
842,016,222 |
507,282,453 |
710,012,574 |
End
of period |
$814,971,993 |
$671,062,140 |
$499,885,428 |
$507,282,453 |
CAPITAL
TRANSACTIONS: |
|
|
|
|
Proceeds
from shares issued |
$25,207,777 |
$80,575,234 |
$49,774,562 |
$116,289,482 |
Cost
of shares redeemed |
(19,633,961
) |
(10,935,773
) |
(68,393,525
) |
(281,212,471
) |
Total
change in net assets resulting from capital
transactions |
$5,573,816 |
$69,639,461 |
$(18,618,963
) |
$(164,922,989
) |
SHARE
TRANSACTIONS: |
|
|
|
|
Issued |
500,000 |
1,500,000 |
525,000 |
1,200,000 |
Redeemed |
(400,000
) |
(200,000
) |
(725,000
) |
(2,800,000
) |
Net
increase (decrease) in shares from share
transactions |
100,000 |
1,300,000 |
(200,000
) |
(1,600,000
) |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
201
|
|
JPMorgan
Diversified Return
U.S.
Mid Cap Equity ETF |
JPMorgan
Diversified Return
U.S.
Small Cap Equity ETF | ||
|
Six
Months Ended
April
30, 2023
(Unaudited) |
Year
Ended
October
31, 2022
|
Six
Months Ended
April
30, 2023
(Unaudited) |
Year
Ended
October
31, 2022
|
CHANGE
IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|
|
|
Net
investment income (loss) |
$2,757,630 |
$4,478,181 |
$3,339,455 |
$3,252,211 |
Net
realized gain (loss) |
7,450,438 |
20,573,310 |
(3,660,017
) |
4,960,838 |
Change
in net unrealized appreciation/depreciation |
(482,870
) |
(45,467,566
) |
(7,232,340
) |
(31,220,087
) |
Change
in net assets resulting from operations |
9,725,198 |
(20,416,075
) |
(7,552,902
) |
(23,007,038
) |
DISTRIBUTIONS
TO SHAREHOLDERS: |
|
|
|
|
Total
distributions to shareholders |
(2,869,160
) |
(4,185,258
) |
(2,906,204
) |
(2,874,215
) |
CAPITAL
TRANSACTIONS: |
|
|
|
|
Change
in net assets resulting from capital transactions |
69,293,712 |
52,313,151 |
103,396,845 |
136,552,064 |
NET
ASSETS: |
|
|
|
|
Change
in net assets |
76,149,750 |
27,711,818 |
92,937,739 |
110,670,811 |
Beginning
of period |
267,520,530 |
239,808,712 |
286,932,997 |
176,262,186 |
End
of period |
$343,670,280 |
$267,520,530 |
$379,870,736 |
$286,932,997 |
CAPITAL
TRANSACTIONS: |
|
|
|
|
Proceeds
from shares issued |
$121,333,343 |
$119,917,257 |
$147,872,166 |
$185,306,143 |
Cost
of shares redeemed |
(52,039,631
) |
(67,604,106
) |
(44,475,321
) |
(48,754,079
) |
Total
change in net assets resulting from capital
transactions |
$69,293,712 |
$52,313,151 |
$103,396,845 |
$136,552,064 |
SHARE
TRANSACTIONS: |
|
|
|
|
Issued |
1,425,000 |
1,400,000 |
3,700,000 |
4,550,000 |
Redeemed |
(625,000
) |
(800,000
) |
(1,150,000
) |
(1,250,000
) |
Net
increase (decrease) in shares from share
transactions |
800,000 |
600,000 |
2,550,000 |
3,300,000 |
202
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
|
JPMorgan
U.S.
Momentum Factor ETF |
JPMorgan
U.S.
Quality Factor ETF | ||
|
Six
Months Ended
April
30, 2023
(Unaudited) |
Year
Ended
October
31, 2022
|
Six
Months Ended
April
30, 2023
(Unaudited) |
Year
Ended
October
31, 2022
|
CHANGE
IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|
|
|
Net
investment income (loss) |
$1,730,132 |
$2,851,758 |
$6,475,501 |
$7,450,673 |
Net
realized gain (loss) |
(13,452,360
) |
6,217,441 |
(1,238,830
) |
21,659,872 |
Change
in net unrealized appreciation/depreciation |
21,283,554 |
(61,390,929
) |
74,613,262 |
(80,812,994
) |
Change
in net assets resulting from operations |
9,561,326 |
(52,321,730
) |
79,849,933 |
(51,702,449
) |
DISTRIBUTIONS
TO SHAREHOLDERS: |
|
|
|
|
Total
distributions to shareholders |
(1,783,316
) |
(2,634,717
) |
(5,686,503
) |
(6,843,698
) |
CAPITAL
TRANSACTIONS: |
|
|
|
|
Change
in net assets resulting from capital transactions |
2,016,218 |
62,421,394 |
547,174,499 |
245,070,163 |
NET
ASSETS: |
|
|
|
|
Change
in net assets |
9,794,228 |
7,464,947 |
621,337,929 |
186,524,016 |
Beginning
of period |
229,323,118 |
221,858,171 |
579,728,107 |
393,204,091 |
End
of period |
$239,117,346 |
$229,323,118 |
$1,201,066,036 |
$579,728,107 |
CAPITAL
TRANSACTIONS: |
|
|
|
|
Proceeds
from shares issued |
$7,901,305 |
$162,800,375 |
$654,672,373 |
$519,385,603 |
Cost
of shares redeemed |
(5,885,087
) |
(100,378,981
) |
(107,497,874
) |
(274,315,440
) |
Total
change in net assets resulting from capital
transactions |
$2,016,218 |
$62,421,394 |
$547,174,499 |
$245,070,163 |
SHARE
TRANSACTIONS: |
|
|
|
|
Issued |
200,000 |
3,750,000 |
16,300,000 |
13,150,000 |
Redeemed |
(150,000
) |
(2,400,000
) |
(2,750,000
) |
(7,000,000
) |
Net
increase (decrease) in shares from share
transactions |
50,000 |
1,350,000 |
13,550,000 |
6,150,000 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
203
|
|
JPMorgan
U.S.
Value Factor ETF | |
|
Six
Months Ended
April
30, 2023
(Unaudited) |
Year
Ended
October
31, 2022
|
CHANGE
IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|
Net
investment income (loss) |
$8,100,340 |
$11,669,653 |
Net
realized gain (loss) |
3,367,346 |
(12,318,328
) |
Distributions
of capital gains received from investment company
affiliates |
— |
74 |
Change
in net unrealized appreciation/depreciation |
7,270,599 |
(55,817,799
) |
Change
in net assets resulting from operations |
18,738,285 |
(56,466,400
) |
DISTRIBUTIONS
TO SHAREHOLDERS: |
|
|
Total
distributions to shareholders |
(7,108,442
) |
(11,652,973
) |
CAPITAL
TRANSACTIONS: |
|
|
Change
in net assets resulting from capital transactions |
105,648,637 |
111,623,606 |
NET
ASSETS: |
|
|
Change
in net assets |
117,278,480 |
43,504,233 |
Beginning
of period |
444,083,720 |
400,579,487 |
End
of period |
$561,362,200 |
$444,083,720 |
CAPITAL
TRANSACTIONS: |
|
|
Proceeds
from shares issued |
$441,105,804 |
$372,923,059 |
Cost
of shares redeemed |
(335,457,167
) |
(261,299,453
) |
Total
change in net assets resulting from capital
transactions |
$105,648,637 |
$111,623,606 |
SHARE
TRANSACTIONS: |
|
|
Issued |
12,900,000 |
10,450,000 |
Redeemed |
(9,900,000
) |
(7,750,000
) |
Net
increase (decrease) in shares from share
transactions |
3,000,000 |
2,700,000 |
204
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
|
Per
share operating performance
| ||||
|
|
Investment
operations |
Distributions
| ||
|
Net
asset
value,
beginning
of
period
|
Net
investment
income
(loss)
(b) |
Net
realized
and
unrealized
gains
(losses)
on
investments
|
Total
from
investment
operations
|
Net
investment
income |
JPMorgan
BetaBuilders Canada ETF |
|
|
|
|
|
Six
Months Ended April 30, 2023 (Unaudited) |
$57.30 |
$0.83 |
$3.92 |
$4.75 |
$(0.73
) |
Year
Ended October 31, 2022
|
67.80 |
1.59 |
(10.53
) |
(8.94
) |
(1.56
) |
Year
Ended October 31, 2021 (f) |
45.99 |
1.38 |
21.78 |
23.16 |
(1.35
) |
Year
Ended October 31, 2020 (f) |
49.78 |
1.29 |
(3.82
) |
(2.53
) |
(1.26
) |
Year
Ended October 31, 2019 (f) |
45.19 |
1.31 |
4.47 |
5.78 |
(1.19
) |
August
7, 2018 (h)
through October 31, 2018 (f) |
49.31 |
0.29 |
(4.31
) |
(4.02
) |
(0.10
) |
JPMorgan
BetaBuilders Developed Asia Pacific ex-Japan ETF |
|
|
|
|
|
Six
Months Ended April 30, 2023 (Unaudited) |
42.76 |
0.89 |
6.63 |
7.52 |
(0.65
) |
Year
Ended October 31, 2022
|
56.89 |
2.12 |
(12.86
) |
(10.74
) |
(3.39
) |
Year
Ended October 31, 2021 (f) |
44.97 |
2.44 |
11.48 |
13.92 |
(2.00
) |
Year
Ended October 31, 2020 (f) |
50.63 |
1.58 |
(5.65
) |
(4.07
) |
(1.59
) |
Year
Ended October 31, 2019 (f) |
45.36 |
2.10 |
5.17 |
7.27 |
(2.00
) |
August
7, 2018 (h)
through October 31, 2018 (f) |
50.73 |
0.44 |
(5.48
) |
(5.04
) |
(0.33
) |
JPMorgan
BetaBuilders Europe ETF |
|
|
|
|
|
Six
Months Ended April 30, 2023 (Unaudited) |
43.61 |
1.02 |
11.36 |
12.38 |
(0.33
) |
Year
Ended October 31, 2022
|
59.74 |
1.78 |
(15.31
) |
(13.53
) |
(2.60
) |
Year
Ended October 31, 2021 (f) |
43.29 |
1.67 |
16.19 |
17.86 |
(1.41
) |
Year
Ended October 31, 2020 (f) |
48.71 |
1.08 |
(5.43
) |
(4.35
) |
(1.07
) |
Year
Ended October 31, 2019 (f) |
45.19 |
1.79 |
3.28 |
5.07 |
(1.55
) |
June
15, 2018 (h)
through October 31, 2018 (f) |
49.58 |
0.26 |
(4.58
) |
(4.32
) |
(0.07
) |
| |
(a) |
Annualized
for periods less than one year, unless otherwise
noted. |
(b) |
Calculated
based upon average shares outstanding. |
(c) |
Not
annualized for periods less than one year. |
(d) |
Includes
adjustments in accordance with accounting principles generally accepted in
the United States of America and as such, the net asset values for
financial
reporting
purposes and the returns based upon those net asset values may differ from
the net asset values and returns for shareholder
transactions. |
(e) |
Prior
to December 9, 2019, market price return was calculated assuming an
initial investment made at the market price at the beginning of the
reporting period,
reinvestment
of all dividends and distributions at market price during the period, and
sale at the market price on the last day of the period. The price used to
calculate
the market price return was the midpoint of the bid/ask spread at the
close of business on the listing exchange of the Fund. Effective December
9, 2019,
the
closing price was used to calculate the market price return; however, any
prices used in the calculation for market price return prior to December
9, 2019,
would
have used the midpoint of the bid/ask spread at the close of business on
the exchange. |
(f) |
Per
share amounts reflects a 1:2 reverse stock split that occurred on April
12, 2021. See Note 1. |
(g) |
Prior
to November 1, 2019, the Fund may have waived fees if expenses exceeded
the expense cap. On November 1, 2019, the Fund adopted a unitary fee
structure
where
a management fee is accrued by the Fund based on prior day net assets and
other expenses are paid by the Advisor. |
(h) |
Commencement
of operations. |
(i) |
Since
the Shares of the Fund did not trade in the secondary market until the day
after the Fund’s inception, for the period from the inception to the first
day of
secondary
market trading, the net asset value is used as a proxy for the secondary
market trading price to calculate the market
returns. |
(j) |
Certain
non-recurring expenses incurred by the Fund were not annualized for the
period indicated. |
206
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
|
Ratios/Supplemental
data
| |||||||
|
|
|
|
|
Ratios
to average net assets (a) |
| ||
Net
asset
value,
end
of
period
|
Market
price,
end
of
period
|
Total
return
(c)(d) |
Market
price
total
return
(c)(e) |
Net
assets,
end
of
period
|
Net
expenses |
Net
investment
income
(loss)
|
Expenses
without
waivers
and
reimbursements |
Portfolio
turnover
rate
(c) |
|
|
|
|
|
|
|
|
|
$61.32 |
$61.38 |
8.39
% |
8.40
% |
$6,180,919,077 |
0.19
% |
2.80
% |
0.19
% |
2
% |
57.30 |
57.35 |
(13.34
) |
(13.49
) |
5,644,273,295 |
0.19 |
2.51 |
0.19 |
5 |
67.80 |
67.98 |
50.77 |
50.84 |
6,071,268,619 |
0.19 |
2.28 |
0.19 |
2 |
45.99 |
46.10 |
(4.98
) |
(4.81
) |
3,640,211,260 |
0.19 |
2.74 |
0.19 |
4 |
49.78 |
49.80 |
13.08 |
12.97 |
3,800,754,020 |
0.19 |
2.73 |
0.34
(g) |
7 |
45.19 |
45.24 |
(8.18
) |
(8.05
)(i) |
2,044,698,826 |
0.19
(j) |
2.55 |
0.37
(g)(j) |
1 |
|
|
|
|
|
|
|
|
|
49.63 |
49.75 |
17.63 |
17.84 |
4,442,195,795 |
0.19 |
3.62 |
0.19 |
2 |
42.76 |
42.79 |
(19.60
) |
(19.87
) |
3,412,010,904 |
0.20 |
4.17 |
0.20 |
14 |
56.89 |
57.12 |
31.14 |
31.26 |
4,113,118,547 |
0.19 |
4.26 |
0.19 |
6 |
44.97 |
45.10 |
(7.87
) |
(7.45
) |
1,465,970,894 |
0.19 |
3.40 |
0.19 |
6 |
50.63 |
50.54 |
16.18 |
15.94 |
1,442,853,830 |
0.19 |
4.22 |
0.39
(g) |
7 |
45.36 |
45.38 |
(9.97
) |
(9.93
)(i) |
603,313,934 |
0.19
(j) |
3.94 |
0.45
(g)(j) |
2 |
|
|
|
|
|
|
|
|
|
55.66 |
55.67 |
28.48 |
28.47 |
9,629,163,149 |
0.09 |
3.94 |
0.09 |
1 |
43.61 |
43.62 |
(23.01
) |
(23.22
) |
3,527,687,759 |
0.10 |
3.36 |
0.10 |
7 |
59.74 |
59.92 |
41.54 |
41.77 |
9,427,453,378 |
0.09 |
2.92 |
0.09 |
6 |
43.29 |
43.34 |
(8.92
) |
(8.90
) |
3,701,005,509 |
0.09 |
2.33 |
0.09 |
5 |
48.71 |
48.78 |
11.43 |
11.32 |
3,853,145,624 |
0.09 |
3.83 |
0.25
(g) |
7 |
45.19 |
45.28 |
(8.75
) |
(8.55
)(i) |
1,314,930,292 |
0.09
(j) |
1.45 |
0.34
(g)(j) |
2 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
207
|
|
Per
share operating performance
| ||||
|
|
Investment
operations |
Distributions
| ||
|
Net
asset
value,
beginning
of
period
|
Net
investment
income
(loss)
(b) |
Net
realized
and
unrealized
gains
(losses)
on
investments
|
Total
from
investment
operations
|
Net
investment
income |
JPMorgan
BetaBuilders International Equity ETF |
|
|
|
|
|
Six
Months Ended April 30, 2023 (Unaudited) |
$44.72 |
$0.81 |
$10.09 |
$10.90 |
$(0.31
) |
Year
Ended October 31, 2022
|
60.53 |
1.51 |
(15.16
) |
(13.65
) |
(2.16
) |
Year
Ended October 31, 2021
|
46.20 |
1.67 |
14.10 |
15.77 |
(1.44
) |
December
3, 2019 (f)
through October 31, 2020
|
49.79 |
1.05 |
(4.26
)(g) |
(3.21
) |
(0.38
) |
JPMorgan
BetaBuilders Japan ETF |
|
|
|
|
|
Six
Months Ended April 30, 2023 (Unaudited) |
41.69 |
0.55 |
6.78 |
7.33 |
(0.68
) |
Year
Ended October 31, 2022
|
57.16 |
1.03 |
(14.91
) |
(13.88
) |
(1.59
) |
Year
Ended October 31, 2021 (i) |
48.39 |
1.04 |
8.36 |
9.40 |
(0.63
) |
Year
Ended October 31, 2020 (i) |
49.07 |
0.84 |
(0.39
) |
0.45 |
(1.13
) |
Year
Ended October 31, 2019 (i) |
45.45 |
0.97 |
2.93 |
3.90 |
(0.28
) |
June
15, 2018 (f)
through October 31, 2018 (i) |
49.58 |
0.48 |
(4.61
) |
(4.13
) |
— |
JPMorgan
BetaBuilders U.S. Equity ETF |
|
|
|
|
|
Six
Months Ended April 30, 2023 (Unaudited) |
69.38 |
0.60 |
5.15 |
5.75 |
(0.58
) |
Year
Ended October 31, 2022
|
84.15 |
1.11 |
(14.86
) |
(13.75
) |
(1.02
) |
Year
Ended October 31, 2021
|
59.59 |
1.02 |
24.48 |
25.50 |
(0.94
) |
Year
Ended October 31, 2020
|
54.60 |
1.14 |
4.83 |
5.97 |
(0.98
) |
March
12, 2019 (f)
through October 31, 2019
|
50.14 |
0.68 |
4.29 |
4.97 |
(0.51
) |
JPMorgan
BetaBuilders U.S. Mid Cap Equity ETF |
|
|
|
|
|
Six
Months Ended April 30, 2023 (Unaudited) |
74.06 |
0.57 |
0.60 |
1.17 |
(0.60
) |
Year
Ended October 31, 2022
|
93.59 |
1.03 |
(19.57
) |
(18.54
) |
(0.99
) |
Year
Ended October 31, 2021
|
64.16 |
0.90 |
29.27 |
30.17 |
(0.74
) |
April
14, 2020 (f)
through October 31, 2020
|
50.78 |
0.33 |
13.32
(g) |
13.65 |
(0.27
) |
JPMorgan
BetaBuilders U.S. Small Cap Equity ETF |
|
|
|
|
|
Six
Months Ended April 30, 2023 (Unaudited) |
54.67 |
0.42 |
(1.68
) |
(1.26
) |
(0.38
) |
Year
Ended October 31, 2022
|
67.49 |
0.77 |
(12.79
) |
(12.02
) |
(0.80
) |
November
16, 2020 (f)
through October 31, 2021
|
51.27 |
0.62 |
16.04 |
16.66 |
(0.44
) |
| |
(a) |
Annualized
for periods less than one year, unless otherwise
noted. |
(b) |
Calculated
based upon average shares outstanding. |
(c) |
Not
annualized for periods less than one year. |
(d) |
Includes
adjustments in accordance with accounting principles generally accepted in
the United States of America and as such, the net asset values for
financial
reporting
purposes and the returns based upon those net asset values may differ from
the net asset values and returns for shareholder
transactions. |
(e) |
Prior
to December 9, 2019, market price return was calculated assuming an
initial investment made at the market price at the beginning of the
reporting period,
reinvestment
of all dividends and distributions at market price during the period, and
sale at the market price on the last day of the period. The price used to
calculate
the market price return was the midpoint of the bid/ask spread at the
close of business on the listing exchange of the Fund. Effective December
9, 2019,
the
closing price was used to calculate the market price return; however, any
prices used in the calculation for market price return prior to December
9, 2019,
would
have used the midpoint of the bid/ask spread at the close of business on
the exchange. |
(f) |
Commencement
of operations. |
(g) |
Calculation
of the net realized and unrealized gains (losses) per share do not
correlate with the Fund’s net realized and unrealized gains (losses)
presented in the
Statement
of Operations due to the timing of capital transactions in relation to the
fluctuating market values of the Fund’s
investments. |
(h) |
Since
the Shares of the Fund did not trade in the secondary market until the day
after the Fund’s inception, for the period from the inception to the first
day of
secondary
market trading, the net asset value is used as a proxy for the secondary
market trading price to calculate the market
returns. |
(i) |
Per
share amounts reflects a 1:2 reverse stock split that occurred on April
12, 2021. See Note 1. |
(j) |
Prior
to November 1, 2019, the Fund may have waived fees if expenses exceeded
the expense cap. On November 1, 2019, the Fund adopted a unitary fee
structure
where
a management fee is accrued by the Fund based on prior day net assets and
other expenses are paid by the Advisor. |
(k) |
Certain
non-recurring expenses incurred by the Fund were not annualized for the
period indicated. |
208
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
|
Ratios/Supplemental
data
| |||||||
|
|
|
|
|
Ratios
to average net assets (a) |
| ||
Net
asset
value,
end
of
period
|
Market
price,
end
of
period
|
Total
return
(c)(d) |
Market
price
total
return
(c)(e) |
Net
assets,
end
of
period
|
Net
expenses |
Net
investment
income
(loss)
|
Expenses
without
waivers
and
reimbursements |
Portfolio
turnover
rate
(c) |
|
|
|
|
|
|
|
|
|
$55.31 |
$55.36 |
24.43
% |
24.46
% |
$3,540,096,128 |
0.07
% |
3.16
% |
0.07
% |
2
% |
44.72 |
44.75 |
(23.02
) |
(23.11
) |
2,710,097,518 |
0.07 |
2.88 |
0.07 |
6 |
60.53 |
60.64 |
34.26 |
34.24 |
3,680,140,678 |
0.07 |
2.85 |
0.07 |
5 |
46.20 |
46.29 |
(6.45
) |
(6.27
)(h) |
1,866,670,302 |
0.07 |
2.40 |
0.07 |
8 |
|
|
|
|
|
|
|
|
|
48.34 |
48.60 |
17.68 |
18.21 |
7,449,793,313 |
0.19 |
2.36 |
0.19 |
1 |
41.69 |
41.73 |
(24.96
) |
(24.95
) |
6,211,237,563 |
0.19 |
2.10 |
0.19 |
4 |
57.16 |
57.21 |
19.47 |
18.98 |
7,864,537,853 |
0.19 |
1.83 |
0.19 |
3 |
48.39 |
48.64 |
0.87 |
1.24 |
5,323,035,447 |
0.19 |
1.77 |
0.19 |
5 |
49.07 |
49.14 |
8.74 |
9.07 |
4,318,521,919 |
0.19 |
2.14 |
0.33
(j) |
4 |
45.45 |
45.36 |
(8.35
) |
(8.51
)(h) |
2,336,087,667 |
0.19
(k) |
2.63 |
0.37
(j)(k) |
5 |
|
|
|
|
|
|
|
|
|
74.55 |
74.50 |
8.36 |
8.22 |
1,528,239,230 |
0.02 |
1.70 |
0.02 |
1 |
69.38 |
69.42 |
(16.42
) |
(16.33
) |
1,276,523,608 |
0.02 |
1.47 |
0.02 |
4 |
84.15 |
84.11 |
43.02 |
42.97 |
782,605,972 |
0.02 |
1.34 |
0.02 |
4 |
59.59 |
59.58 |
11.09 |
11.05 |
238,372,575 |
0.02 |
1.99 |
0.02 |
4 |
54.60 |
54.61 |
9.95 |
9.97
(h) |
46,409,125 |
0.02 |
2.01 |
0.02 |
3 |
|
|
|
|
|
|
|
|
|
74.63 |
74.62 |
1.61 |
1.78 |
1,587,844,608 |
0.07 |
1.53 |
0.07 |
7 |
74.06 |
73.92 |
(19.87
) |
(20.10
) |
1,390,564,346 |
0.07 |
1.29 |
0.07 |
30 |
93.59 |
93.68 |
47.15 |
47.52 |
1,698,624,114 |
0.07 |
1.05 |
0.07 |
27 |
64.16 |
64.06 |
26.91 |
26.71
(h) |
988,131,953 |
0.07 |
0.91 |
0.07 |
7 |
|
|
|
|
|
|
|
|
|
53.03 |
52.99 |
(2.29
) |
(1.84
) |
695,988,969 |
0.09 |
1.55 |
0.09 |
10 |
54.67 |
54.38 |
(17.87
) |
(18.39
) |
494,762,260 |
0.09 |
1.35 |
0.09 |
30 |
67.49 |
67.56 |
32.56 |
32.70
(h) |
442,061,490 |
0.09 |
0.98 |
0.09 |
27 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
209
|
|
Per
share operating performance
| ||||
|
|
Investment
operations |
Distributions
| ||
|
Net
asset
value,
beginning
of
period
|
Net
investment
income
(loss)
(b) |
Net
realized
and
unrealized
gains
(losses)
on
investments
|
Total
from
investment
operations
|
Net
investment
income |
JPMorgan
Carbon Transition U.S. Equity ETF |
|
|
|
|
|
Six
Months Ended April 30, 2023 (Unaudited) |
$52.37 |
$0.39 |
$3.78 |
$4.17 |
$(0.39
) |
Year
Ended October 31, 2022
|
62.33 |
0.77 |
(9.94
) |
(9.17
) |
(0.79
) |
December
9, 2020 (f)
through October 31, 2021
|
49.29 |
0.63 |
12.95 |
13.58 |
(0.54
) |
JPMorgan
Diversified Return Emerging Markets Equity ETF |
|
|
|
|
|
Six
Months Ended April 30, 2023 (Unaudited) |
45.54 |
0.72 |
5.34 |
6.06 |
(0.38
) |
Year
Ended October 31, 2022
|
56.99 |
2.21 |
(10.86
) |
(8.65
) |
(2.80
) |
Year
Ended October 31, 2021
|
46.47 |
1.81 |
10.70 |
12.51 |
(1.99
) |
Year
Ended October 31, 2020
|
54.43 |
1.46 |
(7.48
) |
(6.02
) |
(1.94
) |
Year
Ended October 31, 2019
|
50.91 |
2.07 |
2.97 |
5.04 |
(1.52
) |
Year
Ended October 31, 2018
|
57.15 |
1.59 |
(5.37
) |
(3.78
) |
(2.46
) |
JPMorgan
Diversified Return International Equity ETF |
|
|
|
|
|
Six
Months Ended April 30, 2023 (Unaudited) |
44.44 |
0.83 |
8.76 |
9.59 |
(0.41
) |
Year
Ended October 31, 2022
|
61.02 |
1.91 |
(15.62
) |
(13.71
) |
(2.87
) |
Year
Ended October 31, 2021
|
49.84 |
1.91 |
11.03 |
12.94 |
(1.76
) |
Year
Ended October 31, 2020
|
55.06 |
1.35 |
(5.01
) |
(3.66
) |
(1.56
) |
Year
Ended October 31, 2019
|
53.10 |
1.77 |
1.90 |
3.67 |
(1.71
) |
Year
Ended October 31, 2018
|
59.18 |
1.51 |
(5.29
) |
(3.78
) |
(2.30
) |
JPMorgan
Diversified Return U.S. Equity ETF |
|
|
|
|
|
Six
Months Ended April 30, 2023 (Unaudited) |
93.94 |
1.13 |
2.25 |
3.38 |
(1.19
) |
Year
Ended October 31, 2022
|
101.43 |
2.16 |
(7.56
) |
(5.40
) |
(2.09
) |
Year
Ended October 31, 2021
|
73.52 |
1.71 |
27.76 |
29.47 |
(1.56
) |
Year
Ended October 31, 2020
|
76.44 |
1.65 |
(2.82
) |
(1.17
) |
(1.75
) |
Year
Ended October 31, 2019
|
69.92 |
1.66 |
6.34 |
8.00 |
(1.48
) |
Year
Ended October 31, 2018
|
68.52 |
1.39 |
1.88 |
3.27 |
(1.87
) |
| |
(a) |
Annualized
for periods less than one year, unless otherwise
noted. |
(b) |
Calculated
based upon average shares outstanding. |
(c) |
Not
annualized for periods less than one year. |
(d) |
Includes
adjustments in accordance with accounting principles generally accepted in
the United States of America and as such, the net asset values for
financial
reporting
purposes and the returns based upon those net asset values may differ from
the net asset values and returns for shareholder
transactions. |
(e) |
Prior
to December 9, 2019, market price return was calculated assuming an
initial investment made at the market price at the beginning of the
reporting period,
reinvestment
of all dividends and distributions at market price during the period, and
sale at the market price on the last day of the period. The price used to
calculate
the market price return was the midpoint of the bid/ask spread at the
close of business on the listing exchange of the Fund. Effective December
9, 2019,
the
closing price was used to calculate the market price return; however, any
prices used in the calculation for market price return prior to December
9, 2019,
would
have used the midpoint of the bid/ask spread at the close of business on
the exchange. |
(f) |
Commencement
of operations. |
(g) |
Since
the Shares of the Fund did not trade in the secondary market until the day
after the Fund’s inception, for the period from the inception to the first
day of
secondary
market trading, the net asset value is used as a proxy for the secondary
market trading price to calculate the market
returns. |
(h) |
Prior
to November 1, 2019, the Fund may have waived fees if expenses exceeded
the expense cap. On November 1, 2019, the Fund adopted a unitary fee
structure
where
a management fee is accrued by the Fund based on prior day net assets and
other expenses are paid by the
Advisor. |
210
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
|
Ratios/Supplemental
data
| |||||||
|
|
|
|
|
Ratios
to average net assets (a) |
| ||
Net
asset
value,
end
of
period
|
Market
price,
end
of
period
|
Total
return
(c)(d) |
Market
price
total
return
(c)(e) |
Net
assets,
end
of
period
|
Net
expenses |
Net
investment
income
(loss)
|
Expenses
without
waivers
and
reimbursements |
Portfolio
turnover
rate
(c) |
|
|
|
|
|
|
|
|
|
$56.15 |
$56.12 |
8.01
% |
7.94
% |
$22,458,558 |
0.15
% |
1.46
% |
0.15
% |
10
% |
52.37 |
52.38 |
(14.79
) |
(14.79
) |
20,947,681 |
0.15 |
1.35 |
0.15 |
16 |
62.33 |
62.34 |
27.68 |
27.70
(g) |
24,933,394 |
0.15 |
1.26 |
0.15 |
27 |
|
|
|
|
|
|
|
|
|
51.22 |
51.52 |
13.36 |
13.35 |
281,698,753 |
0.44 |
2.92 |
0.44 |
13 |
45.54 |
45.81 |
(15.61
) |
(15.20
) |
163,926,226 |
0.44 |
4.19 |
0.44 |
33 |
56.99 |
57.05 |
26.93 |
27.80 |
153,882,748 |
0.44 |
3.18 |
0.44 |
29 |
46.47 |
46.21 |
(11.20
) |
(11.80
) |
213,760,142 |
0.44 |
2.97 |
0.44 |
26 |
54.43 |
54.50 |
10.00 |
10.31 |
353,795,416 |
0.45 |
3.87 |
0.87
(h) |
51 |
50.91 |
50.83 |
(6.93
) |
(7.43
) |
213,804,252 |
0.45 |
2.80 |
0.96
(h) |
53 |
|
|
|
|
|
|
|
|
|
53.62 |
53.73 |
21.64 |
21.62 |
814,971,993 |
0.37 |
3.30 |
0.37 |
12 |
44.44 |
44.54 |
(23.25
) |
(23.15
) |
671,062,140 |
0.37 |
3.59 |
0.37 |
28 |
61.02 |
61.08 |
26.00 |
26.08 |
842,016,222 |
0.37 |
3.14 |
0.37 |
35 |
49.84 |
49.86 |
(6.72
) |
(6.62
) |
867,200,124 |
0.37 |
2.61 |
0.37 |
23 |
55.06 |
55.02 |
7.05 |
7.23 |
1,282,867,303 |
0.38 |
3.27 |
0.41
(h) |
25 |
53.10 |
52.98 |
(6.72
) |
(7.22
) |
1,444,332,261 |
0.40 |
2.57 |
0.44
(h) |
28 |
|
|
|
|
|
|
|
|
|
96.13 |
96.09 |
3.63 |
3.47 |
499,885,428 |
0.18 |
2.36 |
0.18 |
15 |
93.94 |
94.05 |
(5.36
) |
(5.28
) |
507,282,453 |
0.18 |
2.18 |
0.18 |
22 |
101.43 |
101.46 |
40.36 |
40.44 |
710,012,574 |
0.18 |
1.86 |
0.18 |
33 |
73.52 |
73.50 |
(1.40
) |
(1.44
) |
536,709,641 |
0.18 |
2.26 |
0.18 |
21 |
76.44 |
76.45 |
11.65 |
11.65 |
802,625,997 |
0.19 |
2.27 |
0.37
(h) |
24 |
69.92 |
69.93 |
4.74 |
4.70 |
559,362,329 |
0.19 |
1.95 |
0.41
(h) |
32 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
211
|
|
Per
share operating performance
| ||||
|
|
Investment
operations |
Distributions
| ||
|
Net
asset
value,
beginning
of
period
|
Net
investment
income
(loss)
(b) |
Net
realized
and
unrealized
gains
(losses)
on
investments
|
Total
from
investment
operations
|
Net
investment
income |
JPMorgan
Diversified Return U.S. Mid Cap Equity ETF |
|
|
|
|
|
Six
Months Ended April 30, 2023 (Unaudited) |
$83.60 |
$0.78 |
$2.39 |
$3.17 |
$(0.85
) |
Year
Ended October 31, 2022
|
92.23 |
1.60 |
(8.73
) |
(7.13
) |
(1.50
) |
Year
Ended October 31, 2021
|
64.77 |
1.30 |
27.36 |
28.66 |
(1.20
) |
Year
Ended October 31, 2020
|
67.13 |
1.18 |
(2.38
) |
(1.20
) |
(1.16
) |
Year
Ended October 31, 2019
|
62.24 |
1.18 |
4.78 |
5.96 |
(1.07
) |
Year
Ended October 31, 2018
|
62.06 |
1.06 |
0.59 |
1.65 |
(1.47
) |
JPMorgan
Diversified Return U.S. Small Cap Equity ETF |
|
|
|
|
|
Six
Months Ended April 30, 2023 (Unaudited) |
39.85 |
0.41 |
(0.93
) |
(0.52
) |
(0.37
) |
Year
Ended October 31, 2022
|
45.20 |
0.64 |
(5.41
) |
(4.77
) |
(0.58
) |
Year
Ended October 31, 2021
|
28.87 |
0.46 |
16.35 |
16.81 |
(0.48
) |
Year
Ended October 31, 2020
|
30.84 |
0.44 |
(2.01
) |
(1.57
) |
(0.40
) |
Year
Ended October 31, 2019
|
29.58 |
0.42 |
1.22 |
1.64 |
(0.38
) |
Year
Ended October 31, 2018
|
28.95 |
0.33 |
0.73 |
1.06 |
(0.43
) |
| |
(a) |
Annualized
for periods less than one year, unless otherwise
noted. |
(b) |
Calculated
based upon average shares outstanding. |
(c) |
Not
annualized for periods less than one year. |
(d) |
Includes
adjustments in accordance with accounting principles generally accepted in
the United States of America and as such, the net asset values for
financial
reporting
purposes and the returns based upon those net asset values may differ from
the net asset values and returns for shareholder
transactions. |
(e) |
Prior
to December 9, 2019, market price return was calculated assuming an
initial investment made at the market price at the beginning of the
reporting period,
reinvestment
of all dividends and distributions at market price during the period, and
sale at the market price on the last day of the period. The price used to
calculate
the market price return was the midpoint of the bid/ask spread at the
close of business on the listing exchange of the Fund. Effective December
9, 2019,
the
closing price was used to calculate the market price return; however, any
prices used in the calculation for market price return prior to December
9, 2019,
would
have used the midpoint of the bid/ask spread at the close of business on
the exchange. |
(f) |
Prior
to November 1, 2019, the Fund may have waived fees if expenses exceeded
the expense cap. On November 1, 2019, the Fund adopted a unitary fee
structure
where
a management fee is accrued by the Fund based on prior day net assets and
other expenses are paid by the
Advisor. |
212
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
|
Ratios/Supplemental
data
| |||||||
|
|
|
|
|
Ratios
to average net assets (a) |
| ||
Net
asset
value,
end
of
period
|
Market
price,
end
of
period
|
Total
return
(c)(d) |
Market
price
total
return
(c)(e) |
Net
assets,
end
of
period
|
Net
expenses |
Net
investment
income
(loss)
|
Expenses
without
waivers
and
reimbursements |
Portfolio
turnover
rate
(c) |
|
|
|
|
|
|
|
|
|
$85.92 |
$85.92 |
3.83
% |
3.89
% |
$343,670,280 |
0.24
% |
1.82
% |
0.24
% |
9
% |
83.60 |
83.55 |
(7.78
) |
(7.90
) |
267,520,530 |
0.24 |
1.82 |
0.24 |
24 |
92.23 |
92.30 |
44.51 |
44.73 |
239,808,712 |
0.24 |
1.57 |
0.24 |
34 |
64.77 |
64.72 |
(1.66
) |
(1.79
) |
220,207,846 |
0.24 |
1.86 |
0.24 |
28 |
67.13 |
67.17 |
9.73 |
9.78 |
187,973,791 |
0.24 |
1.82 |
0.43
(f) |
25 |
62.24 |
62.25 |
2.59 |
2.57 |
112,028,180 |
0.24 |
1.64 |
0.50
(f) |
35 |
|
|
|
|
|
|
|
|
|
38.96 |
38.92 |
(1.28
) |
(1.58
) |
379,870,736 |
0.29 |
2.06 |
0.29 |
10 |
39.85 |
39.93 |
(10.59
) |
(10.49
) |
286,932,997 |
0.29 |
1.55 |
0.29 |
26 |
45.20 |
45.24 |
58.49 |
58.25 |
176,262,186 |
0.29 |
1.13 |
0.29 |
37 |
28.87 |
28.94 |
(4.99
) |
(4.85
) |
148,672,825 |
0.29 |
1.54 |
0.29 |
30 |
30.84 |
30.87 |
5.64 |
5.75 |
140,343,327 |
0.29 |
1.40 |
0.54
(f) |
43 |
29.58 |
29.58 |
3.61 |
3.43 |
96,135,254 |
0.29 |
1.08 |
0.61
(f) |
30 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
213
|
|
Per
share operating performance
| ||||
|
|
Investment
operations |
Distributions
| ||
|
Net
asset
value,
beginning
of
period
|
Net
investment
income
(loss)
(b) |
Net
realized
and
unrealized
gains
(losses)
on
investments
|
Total
from
investment
operations
|
Net
investment
income |
JPMorgan
U.S. Momentum Factor ETF |
|
|
|
|
|
Six
Months Ended April 30, 2023 (Unaudited) |
$38.22 |
$0.29 |
$1.30 |
$1.59 |
$(0.29
) |
Year
Ended October 31, 2022
|
47.71 |
0.50 |
(9.53
) |
(9.03
) |
(0.46
) |
Year
Ended October 31, 2021
|
33.68 |
0.34 |
14.00 |
14.34 |
(0.31
) |
Year
Ended October 31, 2020
|
29.04 |
0.35 |
4.63 |
4.98 |
(0.34
) |
Year
Ended October 31, 2019
|
25.98 |
0.37 |
2.99 |
3.36 |
(0.30
) |
November
8, 2017 (g)
through October 31, 2018
|
25.00 |
0.35 |
0.95 |
1.30 |
(0.32
) |
JPMorgan
U.S. Quality Factor ETF |
|
|
|
|
|
Six
Months Ended April 30, 2023 (Unaudited) |
38.14 |
0.32 |
3.62 |
3.94 |
(0.30
) |
Year
Ended October 31, 2022
|
43.45 |
0.66 |
(5.34
) |
(4.68
) |
(0.63
) |
Year
Ended October 31, 2021
|
31.53 |
0.60 |
11.91 |
12.51 |
(0.59
) |
Year
Ended October 31, 2020
|
29.74 |
0.56 |
1.70 |
2.26 |
(0.47
) |
Year
Ended October 31, 2019
|
26.56 |
0.58 |
3.11 |
3.69 |
(0.51
) |
November
8, 2017 (g)
through October 31, 2018
|
25.00 |
0.52 |
1.52 |
2.04 |
(0.48
) |
JPMorgan
U.S. Value Factor ETF |
|
|
|
|
|
Six
Months Ended April 30, 2023 (Unaudited) |
32.90 |
0.44 |
1.12 |
1.56 |
(0.44
) |
Year
Ended October 31, 2022
|
37.09 |
0.80 |
(4.19
) |
(3.39
) |
(0.80
) |
Year
Ended October 31, 2021
|
24.99 |
0.72 |
12.03 |
12.75 |
(0.65
) |
Year
Ended October 31, 2020
|
27.29 |
0.77 |
(2.29
) |
(1.52
) |
(0.78
) |
Year
Ended October 31, 2019
|
25.21 |
0.75 |
1.97 |
2.72 |
(0.64
) |
November
8, 2017 (g)
through October 31, 2018
|
25.00 |
0.64 |
0.16 |
0.80 |
(0.59
) |
| |
(a) |
Annualized
for periods less than one year, unless otherwise
noted. |
(b) |
Calculated
based upon average shares outstanding. |
(c) |
Not
annualized for periods less than one year. |
(d) |
Includes
adjustments in accordance with accounting principles generally accepted in
the United States of America and as such, the net asset values for
financial
reporting
purposes and the returns based upon those net asset values may differ from
the net asset values and returns for shareholder
transactions. |
(e) |
Prior
to December 9, 2019, market price return was calculated assuming an
initial investment made at the market price at the beginning of the
reporting period,
reinvestment
of all dividends and distributions at market price during the period, and
sale at the market price on the last day of the period. The price used to
calculate
the market price return was the midpoint of the bid/ask spread at the
close of business on the listing exchange of the Fund. Effective December
9, 2019,
the
closing price was used to calculate the market price return; however, any
prices used in the calculation for market price return prior to December
9, 2019,
would
have used the midpoint of the bid/ask spread at the close of business on
the exchange. |
(f) |
Prior
to November 1, 2019, the Fund may have waived fees if expenses exceeded
the expense cap. On November 1, 2019, the Fund adopted a unitary fee
structure
where
a management fee is accrued by the Fund based on prior day net assets and
other expenses are paid by the Advisor. |
(g) |
Commencement
of operations. |
(h) |
Since
the Shares of the Fund did not trade in the secondary market until the day
after the Fund’s inception, for the period from the inception to the first
day of
secondary
market trading, the net asset value is used as a proxy for the secondary
market trading price to calculate the market
returns. |
(i) |
Certain
non-recurring expenses incurred by the Fund were not annualized for the
period indicated. |
214
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
|
Ratios/Supplemental
data
| |||||||
|
|
|
|
|
Ratios
to average net assets (a) |
| ||
Net
asset
value,
end
of
period
|
Market
price,
end
of
period
|
Total
return
(c)(d) |
Market
price
total
return
(c)(e) |
Net
assets,
end
of
period
|
Net
expenses |
Net
investment
income
(loss)
|
Expenses
without
waivers
and
reimbursements |
Portfolio
turnover
rate
(c) |
|
|
|
|
|
|
|
|
|
$39.52 |
$39.49 |
4.20
% |
4.04
% |
$239,117,346 |
0.12
% |
1.48
% |
0.12
% |
20
% |
38.22 |
38.25 |
(18.97
) |
(18.86
) |
229,323,118 |
0.12 |
1.20 |
0.12 |
43 |
47.71 |
47.68 |
42.72 |
42.38 |
221,858,171 |
0.12 |
0.80 |
0.12 |
44 |
33.68 |
33.74 |
17.33 |
17.50 |
134,743,086 |
0.12 |
1.11 |
0.12 |
39 |
29.04 |
29.05 |
13.06 |
13.06 |
56,620,589 |
0.12 |
1.35 |
0.55
(f) |
52 |
25.98 |
25.99 |
5.17 |
5.21
(h) |
28,575,370 |
0.12
(i) |
1.32 |
0.74
(f)(i) |
44 |
|
|
|
|
|
|
|
|
|
41.78 |
41.80 |
10.38 |
10.38 |
1,201,066,036 |
0.12 |
1.62 |
0.12 |
9 |
38.14 |
38.16 |
(10.84
) |
(10.85
) |
579,728,107 |
0.12 |
1.64 |
0.12 |
18 |
43.45 |
43.48 |
39.97 |
40.02 |
393,204,091 |
0.12 |
1.56 |
0.12 |
21 |
31.53 |
31.54 |
7.72 |
7.68 |
384,671,209 |
0.12 |
1.81 |
0.12 |
20 |
29.74 |
29.76 |
14.10 |
14.18 |
107,067,872 |
0.12 |
2.05 |
0.50
(f) |
21 |
26.56 |
26.56 |
8.15 |
8.15
(h) |
29,215,267 |
0.12
(i) |
2.01 |
0.74
(f)(i) |
22 |
|
|
|
|
|
|
|
|
|
34.02 |
34.00 |
4.78 |
4.78 |
561,362,200 |
0.12 |
2.61 |
0.12 |
14 |
32.90 |
32.88 |
(9.21
) |
(9.24
) |
444,083,720 |
0.12 |
2.28 |
0.12 |
21 |
37.09 |
37.08 |
51.38 |
51.88 |
400,579,487 |
0.12 |
2.01 |
0.12 |
34 |
24.99 |
24.90 |
(5.39
) |
(5.76
) |
62,468,155 |
0.12 |
2.99 |
0.12 |
25 |
27.29 |
27.30 |
11.01 |
11.05 |
66,849,642 |
0.12 |
2.90 |
0.52
(f) |
22 |
25.21 |
25.21 |
3.12 |
3.12
(h) |
28,986,509 |
0.12
(i) |
2.52 |
0.75
(f)(i) |
26 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
215
|
|
Diversification
Classification |
JPMorgan
BetaBuilders Canada ETF |
Diversified |
JPMorgan
BetaBuilders Developed Asia Pacific ex-Japan ETF |
Diversified |
JPMorgan
BetaBuilders Europe ETF |
Diversified |
JPMorgan
BetaBuilders International Equity ETF |
Diversified |
JPMorgan
BetaBuilders Japan ETF |
Diversified |
JPMorgan
BetaBuilders U.S. Equity ETF |
Diversified |
JPMorgan
BetaBuilders U.S. Mid Cap Equity ETF |
Diversified |
JPMorgan
BetaBuilders U.S. Small Cap Equity ETF |
Diversified |
JPMorgan
Carbon Transition U.S. Equity ETF |
Diversified |
JPMorgan
Diversified Return Emerging Markets Equity ETF |
Diversified |
JPMorgan
Diversified Return International Equity ETF |
Diversified |
JPMorgan
Diversified Return U.S. Equity ETF |
Diversified |
JPMorgan
Diversified Return U.S. Mid Cap Equity ETF |
Diversified |
JPMorgan
Diversified Return U.S. Small Cap Equity ETF |
Diversified |
JPMorgan
U.S. Momentum Factor ETF |
Diversified |
JPMorgan
U.S. Quality Factor ETF |
Diversified |
JPMorgan
U.S. Value Factor ETF |
Diversified |
216
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
|
Listing
Exchange |
BetaBuilders
Canada ETF |
Cboe
BZX Exchange, Inc. |
BetaBuilders
Developed Asia Pacific ex-Japan ETF |
Cboe
BZX Exchange, Inc. |
BetaBuilders
Europe ETF |
Cboe
BZX Exchange, Inc. |
BetaBuilders
International Equity ETF |
Cboe
BZX Exchange, Inc. |
BetaBuilders
Japan ETF |
Cboe
BZX Exchange, Inc. |
BetaBuilders
U.S. Equity ETF |
Cboe
BZX Exchange, Inc. |
BetaBuilders
U.S. Mid Cap Equity ETF |
NYSE
Arca |
BetaBuilders
U.S. Small Cap Equity ETF |
NYSE
Arca |
Carbon
Transition U.S. Equity ETF |
NYSE
Arca |
Emerging
Markets Equity ETF |
NYSE
Arca |
International
Equity ETF |
NYSE
Arca |
U.S.
Equity ETF |
NYSE
Arca |
U.S.
Mid Cap Equity ETF |
NYSE
Arca |
U.S.
Small Cap Equity ETF |
NYSE
Arca |
U.S.
Momentum Factor ETF |
NYSE
Arca |
U.S.
Quality Factor ETF |
NYSE
Arca |
U.S.
Value Factor ETF |
NYSE
Arca |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
217
|
BetaBuilders
Canada ETF |
|
|
|
|
|
Level
1
Quoted
prices |
Level
2
Other
significant
observable
inputs |
Level
3
Significant
unobservable
inputs |
Total |
Total
Investments in Securities (a) |
$6,593,905,608 |
$— |
$— |
$6,593,905,608 |
218
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
BetaBuilders
Canada ETF (continued) |
|
|
|
|
|
Level
1
Quoted
prices |
Level
2
Other
significant
observable
inputs |
Level
3
Significant
unobservable
inputs |
Total |
Appreciation
in Other Financial Instruments |
|
|
|
|
Futures
Contracts (a) |
$1,256,334 |
$— |
$— |
$1,256,334 |
| |
(a) |
Please
refer to the SOI for specifics of portfolio
holdings. |
BetaBuilders
Developed Asia Pacific ex-Japan ETF |
|
| ||
|
Level
1
Quoted
prices |
Level
2
Other
significant
observable
inputs |
Level
3
Significant
unobservable
inputs |
Total |
Investments
in Securities |
|
|
|
|
Common
Stocks |
|
|
|
|
Australia |
$— |
$2,563,606,039 |
$— |
$2,563,606,039 |
China |
6,684,948 |
93,696,689 |
— |
100,381,637 |
Hong
Kong |
— |
844,944,743 |
— |
844,944,743 |
Macau |
— |
55,021,487 |
— |
55,021,487 |
New
Zealand |
— |
79,140,496 |
— |
79,140,496 |
Singapore |
— |
466,732,091 |
— |
466,732,091 |
United
Kingdom |
— |
42,877,010 |
— |
42,877,010 |
United
States |
— |
254,004,415 |
— |
254,004,415 |
Total
Common Stocks |
6,684,948 |
4,400,022,970 |
— |
4,406,707,918 |
Short-Term
Investments |
|
|
|
|
Investment
of Cash Collateral from Securities Loaned |
69,050 |
— |
— |
69,050 |
Total
Investments in Securities |
$6,753,998 |
$4,400,022,970 |
$— |
$4,406,776,968 |
Appreciation
in Other Financial Instruments |
|
|
|
|
Futures
Contracts |
$895,656 |
$— |
$— |
$895,656 |
Depreciation
in Other Financial Instruments |
|
|
|
|
Futures
Contracts |
(78,604
) |
— |
— |
(78,604
) |
Total
Net Appreciation/ Depreciation in Other
Financial
Instruments |
$817,052 |
$— |
$— |
$817,052 |
BetaBuilders
Europe ETF |
|
| ||
|
Level
1
Quoted
prices |
Level
2
Other
significant
observable
inputs |
Level
3
Significant
unobservable
inputs |
Total |
Investments
in Securities |
|
|
|
|
Common
Stocks |
|
|
|
|
Australia |
$— |
$152,390,557 |
$— |
$152,390,557 |
Austria |
976,047 |
42,656,100 |
— |
43,632,147 |
Belgium |
— |
142,774,247 |
— |
142,774,247 |
Brazil |
— |
5,901,359 |
— |
5,901,359 |
Chile |
— |
5,705,104 |
— |
5,705,104 |
China |
— |
78,182,932 |
— |
78,182,932 |
Denmark |
— |
433,152,139 |
— |
433,152,139 |
Finland |
612,571 |
178,103,235 |
— |
178,715,806 |
France |
— |
1,501,858,837 |
— |
1,501,858,837 |
Germany |
— |
1,159,712,026 |
— |
1,159,712,026 |
Hong
Kong |
— |
37,815,925 |
— |
37,815,925 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
219
|
BetaBuilders
Europe ETF (continued) |
|
| ||
|
Level
1
Quoted
prices |
Level
2
Other
significant
observable
inputs |
Level
3
Significant
unobservable
inputs |
Total |
Ireland |
$— |
$65,280,056 |
$— |
$65,280,056 |
Italy |
— |
332,555,028 |
— |
332,555,028 |
Jordan |
— |
3,697,825 |
— |
3,697,825 |
Luxembourg |
— |
22,680,170 |
— |
22,680,170 |
Mexico |
— |
1,482,029 |
— |
1,482,029 |
Netherlands |
4,777,057 |
729,111,418 |
— |
733,888,475 |
Norway |
— |
100,761,317 |
— |
100,761,317 |
Poland |
— |
38,877,279 |
— |
38,877,279 |
Portugal |
— |
25,759,041 |
— |
25,759,041 |
Russia |
— |
— |
23,346 |
23,346 |
Singapore |
— |
25,230,478 |
— |
25,230,478 |
South
Africa |
— |
37,050,908 |
— |
37,050,908 |
South
Korea |
— |
6,934,280 |
— |
6,934,280 |
Spain |
— |
368,172,325 |
— |
368,172,325 |
Sweden |
464,558 |
483,267,414 |
— |
483,731,972 |
Switzerland |
22,846,204 |
834,886,992 |
— |
857,733,196 |
United
Arab Emirates |
— |
— |
— |
— |
United
Kingdom |
11,656,176 |
1,722,441,119 |
— |
1,734,097,295 |
United
States |
— |
973,101,511 |
— |
973,101,511 |
Total
Common Stocks |
41,332,613 |
9,509,541,651 |
23,346 |
9,550,897,610 |
Short-Term
Investments |
|
|
|
|
Investment
of Cash Collateral from Securities
Loaned |
341,197,693 |
— |
— |
341,197,693 |
Total
Investments in Securities |
$382,530,306 |
$9,509,541,651 |
$23,346 |
$9,892,095,303 |
Appreciation
in Other Financial Instruments |
|
|
|
|
Futures
Contracts |
$2,956,928 |
$— |
$— |
$2,956,928 |
BetaBuilders
International Equity ETF |
|
| ||
|
Level
1
Quoted
prices |
Level
2
Other
significant
observable
inputs |
Level
3
Significant
unobservable
inputs |
Total |
Investments
in Securities |
|
|
|
|
Common
Stocks |
|
|
|
|
Australia |
$— |
$267,107,857 |
$— |
$267,107,857 |
Austria |
230,143 |
10,194,032 |
— |
10,424,175 |
Belgium |
— |
34,179,705 |
— |
34,179,705 |
Brazil |
— |
1,413,356 |
— |
1,413,356 |
Chile |
— |
1,361,910 |
— |
1,361,910 |
China |
598,789 |
27,152,689 |
— |
27,751,478 |
Denmark |
— |
103,737,445 |
— |
103,737,445 |
Finland |
144,676 |
42,639,596 |
— |
42,784,272 |
France |
— |
359,657,813 |
— |
359,657,813 |
Germany |
— |
277,731,034 |
— |
277,731,034 |
Hong
Kong |
— |
85,109,185 |
— |
85,109,185 |
Ireland |
— |
15,634,633 |
— |
15,634,633 |
Israel |
— |
15,190,014 |
— |
15,190,014 |
Italy |
— |
79,597,407 |
— |
79,597,407 |
Japan |
— |
799,573,815 |
— |
799,573,815 |
220
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
BetaBuilders
International Equity ETF (continued) |
|
| ||
|
Level
1
Quoted
prices |
Level
2
Other
significant
observable
inputs |
Level
3
Significant
unobservable
inputs |
Total |
Jordan |
$— |
$882,773 |
$— |
$882,773 |
Luxembourg |
— |
5,431,920 |
— |
5,431,920 |
Macau |
— |
4,961,273 |
— |
4,961,273 |
Mexico |
— |
354,951 |
— |
354,951 |
Netherlands |
1,521,735 |
174,247,801 |
— |
175,769,536 |
New
Zealand |
— |
7,110,023 |
— |
7,110,023 |
Norway |
— |
24,105,874 |
— |
24,105,874 |
Poland |
— |
9,293,634 |
— |
9,293,634 |
Portugal |
— |
6,164,723 |
— |
6,164,723 |
Russia |
— |
— |
4,961 |
4,961 |
Singapore |
— |
48,037,167 |
— |
48,037,167 |
South
Africa |
— |
8,873,806 |
— |
8,873,806 |
South
Korea |
— |
1,655,207 |
— |
1,655,207 |
Spain |
— |
88,156,760 |
— |
88,156,760 |
Sweden |
109,105 |
115,663,980 |
— |
115,773,085 |
Switzerland |
5,469,842 |
199,944,869 |
— |
205,414,711 |
United
Arab Emirates |
— |
— |
— |
— |
United
Kingdom |
2,791,744 |
416,284,381 |
— |
419,076,125 |
United
States |
— |
255,912,524 |
— |
255,912,524 |
Total
Common Stocks |
10,866,034 |
3,487,362,157 |
4,961 |
3,498,233,152 |
Short-Term
Investments |
|
|
|
|
Investment
Companies |
18,160,002 |
— |
— |
18,160,002 |
Investment
of Cash Collateral from Securities
Loaned |
76,629,847 |
— |
— |
76,629,847 |
Total
Short-Term Investments |
94,789,849 |
— |
— |
94,789,849 |
Total
Investments in Securities |
$105,655,883 |
$3,487,362,157 |
$4,961 |
$3,593,023,001 |
Appreciation
in Other Financial Instruments |
|
|
|
|
Futures
Contracts |
$2,027,686 |
$— |
$— |
$2,027,686 |
BetaBuilders
Japan ETF |
|
|
|
|
|
Level
1
Quoted
prices |
Level
2
Other
significant
observable
inputs |
Level
3
Significant
unobservable
inputs |
Total |
Investments
in Securities |
|
|
|
|
Common
Stocks |
$— |
$7,351,563,502 |
$— |
$7,351,563,502 |
Short-Term
Investments |
|
|
|
|
Investment
of Cash Collateral from Securities
Loaned |
40,487,617 |
— |
— |
40,487,617 |
Total
Investments in Securities |
$40,487,617 |
$7,351,563,502 |
$— |
$7,392,051,119 |
Appreciation
in Other Financial Instruments |
|
|
|
|
Futures
Contracts |
$3,879,530 |
$— |
$— |
$3,879,530 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
221
|
BetaBuilders
U.S. Equity ETF |
|
|
|
|
|
Level
1
Quoted
prices |
Level
2
Other
significant
observable
inputs |
Level
3
Significant
unobservable
inputs |
Total |
Investments
in Securities |
|
|
|
|
Common
Stocks |
$1,519,705,942 |
$— |
$— |
$1,519,705,942 |
Rights |
— |
— |
1,764 |
1,764 |
Short-Term
Investments |
|
|
|
|
Investment
Companies |
6,814,015 |
— |
— |
6,814,015 |
Investment
of Cash Collateral from Securities
Loaned |
1,224,256 |
— |
— |
1,224,256 |
Total
Short-Term Investments |
8,038,271 |
— |
— |
8,038,271 |
Total
Investments in Securities |
$1,527,744,213 |
$— |
$1,764 |
$1,527,745,977 |
Appreciation
in Other Financial Instruments |
|
|
|
|
Futures
Contracts |
$413,742 |
$— |
$— |
$413,742 |
BetaBuilders
U.S. Mid Cap Equity ETF |
|
|
|
|
|
Level
1
Quoted
prices |
Level
2
Other
significant
observable
inputs |
Level
3
Significant
unobservable
inputs |
Total |
Total
Investments in Securities (a) |
$1,732,493,031 |
$— |
$— |
$1,732,493,031 |
Appreciation
in Other Financial Instruments |
|
|
|
|
Futures
Contracts (a) |
$146,307 |
$— |
$— |
$146,307 |
| |
(a) |
Please
refer to the SOI for specifics of portfolio
holdings. |
BetaBuilders
U.S. Small Cap Equity ETF |
|
|
|
|
|
Level
1
Quoted
prices |
Level
2
Other
significant
observable
inputs |
Level
3
Significant
unobservable
inputs |
Total |
Total
Investments in Securities (a) |
$763,966,990 |
$— |
$— |
$763,966,990 |
Depreciation
in Other Financial Instruments |
|
|
|
|
Futures
Contracts (a) |
$(45,284
) |
$— |
$— |
$(45,284
) |
| |
(a) |
Please
refer to the SOI for specifics of portfolio
holdings. |
Carbon
Transition U.S. Equity ETF |
|
|
|
|
|
Level
1
Quoted
prices |
Level
2
Other
significant
observable
inputs |
Level
3
Significant
unobservable
inputs |
Total |
Total
Investments in Securities (a) |
$22,430,069 |
$— |
$— |
$22,430,069 |
Appreciation
in Other Financial Instruments |
|
|
|
|
Futures
Contracts (a) |
$1,452 |
$— |
$— |
$1,452 |
| |
(a) |
Please
refer to the SOI for specifics of portfolio
holdings. |
222
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
Emerging
Markets Equity ETF |
|
| ||
|
Level
1
Quoted
prices |
Level
2
Other
significant
observable
inputs |
Level
3
Significant
unobservable
inputs |
Total |
Investments
in Securities |
|
|
|
|
Common
Stocks |
|
|
|
|
Brazil |
$25,010,020 |
$— |
$— |
$25,010,020 |
Chile |
3,847,881 |
— |
— |
3,847,881 |
China |
1,210,254 |
70,309,242 |
— |
71,519,496 |
Colombia |
503,305 |
— |
— |
503,305 |
Czech
Republic |
1,530,491 |
— |
— |
1,530,491 |
Egypt |
— |
168,819 |
— |
168,819 |
Greece |
— |
3,276,844 |
— |
3,276,844 |
Hong
Kong |
— |
263,316 |
— |
263,316 |
Hungary |
174,731 |
1,262,236 |
— |
1,436,967 |
India |
— |
28,590,998 |
— |
28,590,998 |
Indonesia |
423,742 |
10,098,635 |
— |
10,522,377 |
Kuwait |
— |
5,371,826 |
— |
5,371,826 |
Malaysia |
1,643,364 |
4,086,237 |
— |
5,729,601 |
Mexico |
20,276,256 |
— |
— |
20,276,256 |
Pakistan |
150,145 |
— |
— |
150,145 |
Philippines |
— |
1,306,751 |
— |
1,306,751 |
Qatar |
544,067 |
4,267,428 |
— |
4,811,495 |
Russia |
— |
— |
116,868 |
116,868 |
Saudi
Arabia |
— |
13,111,313 |
— |
13,111,313 |
Singapore |
— |
61,620 |
— |
61,620 |
South
Africa |
4,550,406 |
6,561,387 |
— |
11,111,793 |
Taiwan |
— |
33,332,412 |
— |
33,332,412 |
Thailand |
7,083,603 |
2,015,727 |
— |
9,099,330 |
Turkey |
5,723,395 |
16,749,880 |
— |
22,473,275 |
United
Arab Emirates |
169,250 |
6,339,573 |
— |
6,508,823 |
United
States |
608,911 |
— |
— |
608,911 |
Total
Common Stocks |
73,449,821 |
207,174,244 |
116,868 |
280,740,933 |
Short-Term
Investments |
|
|
|
|
Investment
of Cash Collateral from Securities Loaned |
102,725 |
— |
— |
102,725 |
Total
Investments in Securities |
$73,552,546 |
$207,174,244 |
$116,868 |
$280,843,658 |
Appreciation
in Other Financial Instruments |
|
|
|
|
Futures
Contracts |
$13,228 |
$— |
$— |
$13,228 |
International
Equity ETF |
|
| ||
|
Level
1
Quoted
prices |
Level
2
Other
significant
observable
inputs |
Level
3
Significant
unobservable
inputs |
Total |
Investments
in Securities |
|
|
|
|
Common
Stocks |
|
|
|
|
Australia |
$— |
$85,568,810 |
$— |
$85,568,810 |
Austria |
— |
4,185,863 |
— |
4,185,863 |
Belgium |
— |
1,318,038 |
— |
1,318,038 |
Brazil |
— |
2,546,481 |
— |
2,546,481 |
Cambodia |
— |
98,288 |
— |
98,288 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
223
|
International
Equity ETF (continued) |
|
| ||
|
Level
1
Quoted
prices |
Level
2
Other
significant
observable
inputs |
Level
3
Significant
unobservable
inputs |
Total |
Chile |
$— |
$2,917,645 |
$— |
$2,917,645 |
China |
— |
12,265,413 |
— |
12,265,413 |
Denmark |
— |
6,679,203 |
— |
6,679,203 |
Finland |
— |
9,982,652 |
— |
9,982,652 |
France |
— |
40,244,732 |
— |
40,244,732 |
Germany |
— |
19,900,545 |
— |
19,900,545 |
Hong
Kong |
— |
25,136,772 |
— |
25,136,772 |
Indonesia |
— |
204,267 |
— |
204,267 |
Ireland |
— |
3,713,488 |
— |
3,713,488 |
Italy |
— |
18,102,135 |
— |
18,102,135 |
Japan |
— |
246,148,199 |
— |
246,148,199 |
Jordan |
— |
2,990,125 |
— |
2,990,125 |
Luxembourg |
— |
1,193,556 |
— |
1,193,556 |
Mexico |
— |
1,174,321 |
— |
1,174,321 |
Netherlands |
— |
25,768,480 |
— |
25,768,480 |
New
Zealand |
— |
4,799,339 |
— |
4,799,339 |
Norway |
— |
8,500,472 |
— |
8,500,472 |
Portugal |
— |
2,718,717 |
— |
2,718,717 |
Russia |
— |
— |
20,243 |
20,243 |
Singapore |
— |
27,434,113 |
— |
27,434,113 |
South
Africa |
— |
2,241,578 |
— |
2,241,578 |
South
Korea |
— |
52,345,576 |
— |
52,345,576 |
Spain |
— |
19,967,981 |
— |
19,967,981 |
Sweden |
— |
19,146,892 |
— |
19,146,892 |
Switzerland |
— |
12,018,706 |
— |
12,018,706 |
United
Kingdom |
— |
128,695,951 |
— |
128,695,951 |
United
States |
— |
19,644,841 |
— |
19,644,841 |
Total
Common Stocks |
— |
807,653,179 |
20,243 |
807,673,422 |
Short-Term
Investments |
|
|
|
|
Investment
Companies |
569,151 |
— |
— |
569,151 |
Investment
of Cash Collateral from Securities Loaned |
13,885,756 |
— |
— |
13,885,756 |
Total
Short-Term Investments |
14,454,907 |
— |
— |
14,454,907 |
Total
Investments in Securities |
$14,454,907 |
$807,653,179 |
$20,243 |
$822,128,329 |
Appreciation
in Other Financial Instruments |
|
|
|
|
Futures
Contracts |
$242,489 |
$— |
$— |
$242,489 |
U.S.
Equity ETF |
|
| ||
|
Level
1
Quoted
prices |
Level
2
Other
significant
observable
inputs |
Level
3
Significant
unobservable
inputs |
Total |
Total
Investments in Securities (a) |
$511,484,778 |
$— |
$— |
$511,484,778 |
Appreciation
in Other Financial Instruments |
|
|
|
|
Futures
Contracts (a) |
$25,556 |
$— |
$— |
$25,556 |
| |
(a) |
Please
refer to the SOI for specifics of portfolio
holdings. |
224
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
U.S.
Mid Cap Equity ETF |
|
| ||
|
Level
1
Quoted
prices |
Level
2
Other
significant
observable
inputs |
Level
3
Significant
unobservable
inputs |
Total |
Total
Investments in Securities (a) |
$344,752,569 |
$— |
$— |
$344,752,569 |
Appreciation
in Other Financial Instruments |
|
|
|
|
Futures
Contracts (a) |
$16,814 |
$— |
$— |
$16,814 |
| |
(a) |
Please
refer to the SOI for specifics of portfolio
holdings. |
U.S.
Small Cap Equity ETF |
|
| ||
|
Level
1
Quoted
prices |
Level
2
Other
significant
observable
inputs |
Level
3
Significant
unobservable
inputs |
Total |
Investments
in Securities |
|
|
|
|
Common
Stocks |
|
|
|
|
Aerospace
& Defense |
$396,742 |
$— |
$— |
$396,742 |
Automobiles
& Parts |
1,697,862 |
— |
— |
1,697,862 |
Banks |
16,042,797 |
— |
— |
16,042,797 |
Beverages |
6,498,470 |
— |
— |
6,498,470 |
Chemicals |
13,838,772 |
— |
— |
13,838,772 |
Construction
& Materials |
7,302,282 |
— |
— |
7,302,282 |
Consumer
Services
|
2,758,257 |
— |
— |
2,758,257 |
Electricity |
8,015,778 |
— |
— |
8,015,778 |
Electronic
& Electrical Equipment |
5,277,008 |
— |
— |
5,277,008 |
Finance
& Credit Services |
6,708,860 |
— |
— |
6,708,860 |
Food
Producers |
18,330,287 |
— |
— |
18,330,287 |
Gas,
Water & Multi-utilities |
14,562,138 |
— |
— |
14,562,138 |
General
Industrials |
5,146,539 |
— |
— |
5,146,539 |
Health
Care Providers |
10,987,982 |
— |
— |
10,987,982 |
Household
Goods & Home Construction |
7,639,260 |
— |
— |
7,639,260 |
Industrial
Engineering |
4,035,225 |
— |
— |
4,035,225 |
Industrial
Materials |
8,031,015 |
— |
— |
8,031,015 |
Industrial
Metals & Mining |
13,828,174 |
— |
— |
13,828,174 |
Industrial
Support Services |
9,099,078 |
— |
— |
9,099,078 |
Industrial
Transportation |
10,452,198 |
— |
— |
10,452,198 |
Investment
Banking & Brokerage Services
|
4,449,602 |
— |
— |
4,449,602 |
Leisure
Goods |
3,633,172 |
— |
— |
3,633,172 |
Life
Insurance |
4,496,160 |
— |
— |
4,496,160 |
Media |
1,617,635 |
— |
— |
1,617,635 |
Medical
Equipment & Services |
13,313,101 |
— |
— |
13,313,101 |
Mortgage
Real Estate Investment Trusts |
5,967,519 |
— |
— |
5,967,519 |
Nonequity
Investment Instruments |
93,041 |
— |
— |
93,041 |
Non-life
Insurance |
4,795,815 |
— |
— |
4,795,815 |
Non-Renewable
Energy |
22,214,171 |
— |
— |
22,214,171 |
Personal
Care, Drug & Grocery Stores
|
10,656,239 |
— |
— |
10,656,239 |
Personal
Goods |
3,212,528 |
— |
— |
3,212,528 |
Pharmaceuticals,
Biotechnology & Marijuana
Producers |
17,525,274 |
— |
31,810 |
17,557,084 |
Precious
Metals & Mining |
1,055,156 |
— |
— |
1,055,156 |
Real
Estate Investment & Services |
3,150,112 |
— |
— |
3,150,112 |
Real
Estate Investment Trusts |
35,817,594 |
— |
— |
35,817,594 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
225
|
U.S.
Small Cap Equity ETF (continued) |
|
| ||
|
Level
1
Quoted
prices |
Level
2
Other
significant
observable
inputs |
Level
3
Significant
unobservable
inputs |
Total |
Renewable
Energy |
$1,699,122 |
$— |
$— |
$1,699,122 |
Retailers
|
10,017,751 |
— |
— |
10,017,751 |
Software
& Computer Services |
14,960,120 |
— |
— |
14,960,120 |
Technology
Hardware & Equipment |
24,939,767 |
— |
— |
24,939,767 |
Telecommunications
Equipment |
10,091,604 |
— |
— |
10,091,604 |
Telecommunications
Service Providers
|
8,746,917 |
— |
— |
8,746,917 |
Tobacco |
2,857,852 |
— |
— |
2,857,852 |
Travel
& Leisure |
1,091,382 |
— |
— |
1,091,382 |
Waste
& Disposal Services |
2,036,101 |
— |
— |
2,036,101 |
Total
Common Stocks |
379,086,459 |
— |
31,810 |
379,118,269 |
Rights |
— |
— |
6,379 |
6,379 |
Short-Term
Investments |
|
|
|
|
Investment
Companies |
685,213 |
— |
— |
685,213 |
Investment
of Cash Collateral from Securities Loaned |
22,947,295 |
— |
— |
22,947,295 |
Total
Short-Term Investments |
23,632,508 |
— |
— |
23,632,508 |
Total
Investments in Securities |
$402,718,967 |
$— |
$38,189 |
$402,757,156 |
Appreciation
in Other Financial Instruments |
|
|
|
|
Futures
Contracts |
$1,574 |
$— |
$— |
$1,574 |
U.S.
Momentum Factor ETF |
|
| ||
|
Level
1
Quoted
prices |
Level
2
Other
significant
observable
inputs |
Level
3
Significant
unobservable
inputs |
Total |
Total
Investments in Securities (a) |
$239,455,177 |
$— |
$— |
$239,455,177 |
Appreciation
in Other Financial Instruments |
|
|
|
|
Futures
Contracts (a) |
$17,407 |
$— |
$— |
$17,407 |
| |
(a) |
Please
refer to the SOI for specifics of portfolio
holdings. |
U.S.
Quality Factor ETF |
|
| ||
|
Level
1
Quoted
prices |
Level
2
Other
significant
observable
inputs |
Level
3
Significant
unobservable
inputs |
Total |
Total
Investments in Securities (a) |
$1,238,454,773 |
$— |
$— |
$1,238,454,773 |
Appreciation
in Other Financial Instruments |
|
|
|
|
Futures
Contracts (a) |
$48,379 |
$— |
$— |
$48,379 |
| |
(a) |
Please
refer to the SOI for specifics of portfolio
holdings. |
U.S.
Value Factor ETF |
|
| ||
|
Level
1
Quoted
prices |
Level
2
Other
significant
observable
inputs |
Level
3
Significant
unobservable
inputs |
Total |
Total
Investments in Securities (a) |
$564,404,051 |
$— |
$— |
$564,404,051 |
226
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
U.S.
Value Factor ETF (continued) |
|
| ||
|
Level
1
Quoted
prices |
Level
2
Other
significant
observable
inputs |
Level
3
Significant
unobservable
inputs |
Total |
Appreciation
in Other Financial Instruments |
|
|
|
|
Futures
Contracts (a) |
$15,410 |
$— |
$— |
$15,410 |
| |
(a) |
Please
refer to the SOI for specifics of portfolio
holdings. |
|
Investment
Securities
on
Loan, at value,
Presented
on the
Statements
of Assets
and
Liabilities |
Cash
Collateral
Posted
by Borrower* |
Net
Amount Due
to
Counterparty
(not
less than zero) |
BetaBuilders
Canada ETF |
$426,409,614 |
$(426,409,614
) |
$— |
BetaBuilders
Developed Asia Pacific ex-Japan ETF |
66,231 |
(66,231
) |
— |
BetaBuilders
Europe ETF |
322,961,901 |
(322,961,901
) |
— |
BetaBuilders
International Equity ETF |
72,676,586 |
(72,676,586
) |
— |
BetaBuilders
Japan ETF |
38,169,726 |
(38,169,726
) |
— |
BetaBuilders
U.S. Equity ETF |
1,144,759 |
(1,144,759
) |
— |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
227
|
|
Investment
Securities
on
Loan, at value,
Presented
on the
Statements
of Assets
and
Liabilities |
Cash
Collateral
Posted
by Borrower* |
Net
Amount Due
to
Counterparty
(not
less than zero) |
BetaBuilders
U.S. Mid Cap Equity ETF |
$143,449,282 |
$(143,449,282
) |
$— |
BetaBuilders
U.S. Small Cap Equity ETF |
66,919,624 |
(66,919,624
) |
— |
Emerging
Markets Equity ETF |
84,919 |
(84,919
) |
— |
International
Equity ETF |
13,213,390 |
(13,213,390
) |
— |
U.S.
Equity ETF |
11,942,167 |
(11,942,167
) |
— |
U.S.
Mid Cap Equity ETF |
1,323,835 |
(1,323,835
) |
— |
U.S.
Small Cap Equity ETF |
22,458,095 |
(22,458,095
) |
— |
U.S.
Momentum Factor ETF |
494,406 |
(494,406
) |
— |
U.S.
Quality Factor ETF |
37,814,933 |
(37,814,933
) |
— |
U.S.
Value Factor ETF |
2,557,017 |
(2,557,017
) |
— |
| |
* |
Collateral
posted reflects the value of securities on loan and does not include any
additional amounts received from the
borrower. |
BetaBuilders
Canada ETF |
$70,610 |
BetaBuilders
Developed Asia Pacific ex-Japan ETF |
634 |
BetaBuilders
Europe ETF |
6,266 |
BetaBuilders
International Equity ETF |
2,152 |
BetaBuilders
Japan ETF |
5,825 |
BetaBuilders
U.S. Equity ETF |
134 |
BetaBuilders
U.S. Mid Cap Equity ETF |
2,931 |
BetaBuilders
U.S. Small Cap Equity ETF |
1,244 |
Emerging
Markets Equity ETF |
41 |
International
Equity ETF |
901 |
U.S.
Equity ETF |
142 |
U.S.
Mid Cap Equity ETF |
78 |
U.S.
Small Cap Equity ETF |
1,128 |
U.S.
Momentum Factor ETF |
291 |
U.S.
Quality Factor ETF |
1,323 |
U.S.
Value Factor ETF |
825 |
228
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
BetaBuilders
Canada ETF | |||||||||
For
the six months ended April 30, 2023 | |||||||||
Security
Description |
Value
at
October
31,
2022 |
Purchases
at
Cost |
Proceeds
from
Sales |
Net
Realized
Gain
(Loss) |
Change
in
Unrealized
Appreciation/
(Depreciation) |
Value
at
April
30,
2023 |
Shares
at
April
30,
2023 |
Dividend
Income |
Capital
Gain
Distributions |
JPMorgan
Securities
Lending
Money
Market
Fund Agency
SL
Class Shares,
5.01%
(a)
(b) |
$111,362,203 |
$1,944,454,270 |
$1,848,286,897 |
$79,988
* |
$(20,757
) |
$207,588,807 |
207,568,050 |
$3,986,203
* |
$— |
JPMorgan
U.S.
Government
Money
Market Fund
Class
IM Shares,
4.78%
(a)
(b) |
339,229,246 |
3,946,360,873 |
4,047,953,639 |
— |
— |
237,636,480 |
237,636,480 |
4,730,642
* |
— |
Total |
$450,591,449 |
$5,890,815,143 |
$5,896,240,536 |
$79,988 |
$(20,757
) |
$445,225,287 |
|
$8,716,845 |
$— |
| |
(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 April 30,
2023. |
* |
Amount
is included on the Statements of Operations as Income from securities
lending (net) (after payments of rebates and Citibank’s
fee). |
BetaBuilders
Developed Asia Pacific ex-Japan ETF | |||||||||
For
the six months ended April 30, 2023 | |||||||||
Security
Description |
Value
at
October
31,
2022 |
Purchases
at
Cost |
Proceeds
from
Sales |
Net
Realized
Gain
(Loss) |
Change
in
Unrealized
Appreciation/
(Depreciation) |
Value
at
April
30,
2023 |
Shares
at
April
30,
2023 |
Dividend
Income |
Capital
Gain
Distributions |
JPMorgan
Securities Lending Money Market Fund
Agency
SL Class Shares, 5.01% (a)
(b) |
$54,456 |
$— |
$54,467 |
$44
* |
$(33
) |
$— |
— |
$243
* |
$— |
JPMorgan
U.S. Government Money Market Fund
Class
IM Shares, 4.78% (a)
(b) |
135,282 |
19,496,509 |
19,562,741 |
— |
— |
69,050 |
69,050 |
40,792
* |
— |
Total |
$189,738 |
$19,496,509 |
$19,617,208 |
$44 |
$(33
) |
$69,050 |
|
$41,035 |
$— |
| |
(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 April 30,
2023. |
* |
Amount
is included on the Statements of Operations as Income from securities
lending (net) (after payments of rebates and Citibank’s
fee). |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
229
|
BetaBuilders
Europe ETF | |||||||||
For
the six months ended April 30, 2023 | |||||||||
Security
Description |
Value
at
October
31,
2022 |
Purchases
at
Cost |
Proceeds
from
Sales |
Net
Realized
Gain
(Loss) |
Change
in
Unrealized
Appreciation/
(Depreciation) |
Value
at
April
30,
2023 |
Shares
at
April
30,
2023 |
Dividend
Income |
Capital
Gain
Distributions |
JPMorgan
Securities Lending
Money
Market Fund
Agency
SL Class Shares,
5.01%
(a)
(b) |
$35,657,896 |
$449,000,000 |
$185,000,000 |
$2,296
* |
$(44,914
) |
$299,615,278 |
299,585,319 |
$2,029,238
* |
$— |
JPMorgan
U.S. Government
Money
Market Fund
Class
IM Shares, 4.78%
(a)
(b) |
4,769,602 |
432,136,794 |
395,323,981 |
— |
— |
41,582,415 |
41,582,415 |
490,801
* |
— |
Total |
$40,427,498 |
$881,136,794 |
$580,323,981 |
$2,296 |
$(44,914
) |
$341,197,693 |
|
$2,520,039 |
$— |
| |
(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 April 30,
2023. |
* |
Amount
is included on the Statements of Operations as Income from securities
lending (net) (after payments of rebates and Citibank’s
fee). |
BetaBuilders
International Equity ETF | |||||||||
For
the six months ended April 30, 2023 | |||||||||
Security
Description |
Value
at
October
31,
2022 |
Purchases
at
Cost |
Proceeds
from
Sales |
Net
Realized
Gain
(Loss) |
Change
in
Unrealized
Appreciation/
(Depreciation) |
Value
at
April
30,
2023 |
Shares
at
April
30,
2023 |
Dividend
Income |
Capital
Gain
Distributions |
JPMorgan
Securities Lending
Money
Market Fund Agency SL
Class
Shares, 5.01% (a)
(b) |
$14,009,724 |
$132,000,000 |
$78,000,000 |
$2,605
* |
$(6,702
) |
$68,005,627 |
67,998,827 |
$493,500
* |
$— |
JPMorgan
U.S. Government
Money
Market Fund Class IM
Shares,
4.78% (a)
(b) |
3,852,619 |
132,902,438 |
128,130,837 |
— |
— |
8,624,220 |
8,624,220 |
134,796
* |
— |
JPMorgan
U.S. Government
Money
Market Fund Class IM
Shares,
4.78% (a)
(b) |
12,102,999 |
76,191,052 |
70,134,049 |
— |
— |
18,160,002 |
18,160,002 |
311,994 |
— |
Total |
$29,965,342 |
$341,093,490 |
$276,264,886 |
$2,605 |
$(6,702
) |
$94,789,849 |
|
$940,290 |
$— |
| |
(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 April 30,
2023. |
* |
Amount
is included on the Statements of Operations as Income from securities
lending (net) (after payments of rebates and Citibank’s
fee). |
230
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
BetaBuilders
Japan ETF | |||||||||
For
the six months ended April 30, 2023 | |||||||||
Security
Description |
Value
at
October
31,
2022 |
Purchases
at
Cost |
Proceeds
from
Sales |
Net
Realized
Gain
(Loss) |
Change
in
Unrealized
Appreciation/
(Depreciation) |
Value
at
April
30,
2023 |
Shares
at
April
30,
2023 |
Dividend
Income |
Capital
Gain
Distributions |
JPMorgan
Securities Lending
Money
Market Fund Agency
SL
Class Shares, 5.01%
(a)
(b) |
$10,118,832 |
$257,205,740 |
$232,000,000 |
$7,127
* |
$(6,597
) |
$35,325,102 |
35,321,570 |
$1,044,622
* |
$— |
JPMorgan
U.S. Government
Money
Market Fund Class IM
Shares,
4.78% (a)
(b) |
9,777,050 |
271,770,150 |
276,384,685 |
— |
— |
5,162,515 |
5,162,515 |
303,109
* |
— |
Total |
$19,895,882 |
$528,975,890 |
$508,384,685 |
$7,127 |
$(6,597
) |
$40,487,617 |
|
$1,347,731 |
$— |
| |
(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 April 30,
2023. |
* |
Amount
is included on the Statements of Operations as Income from securities
lending (net) (after payments of rebates and Citibank’s
fee). |
BetaBuilders
U.S. Equity ETF | |||||||||
For
the six months ended April 30, 2023 | |||||||||
Security
Description |
Value
at
October
31,
2022 |
Purchases
at
Cost |
Proceeds
from
Sales |
Net
Realized
Gain
(Loss) |
Change
in
Unrealized
Appreciation/
(Depreciation) |
Value
at
April
30,
2023 |
Shares
at
April
30,
2023 |
Dividend
Income |
Capital
Gain
Distributions |
JPMorgan
Chase & Co. (a) |
$13,752,768 |
$3,829,740 |
$2,100,036 |
$562,810 |
$927,687 |
$16,972,969 |
122,779 |
$229,884 |
$— |
JPMorgan
Securities Lending Money
Market
Fund Agency SL
Class
Shares, 5.01% (b)
(c) |
1,501,652 |
— |
1,501,652 |
— |
— |
— |
— |
420
* |
— |
JPMorgan
U.S. Government Money
Market
Fund Class IM Shares,
4.78%
(b)
(c) |
2,238,043 |
6,021,156 |
7,034,943 |
— |
— |
1,224,256 |
1,224,256 |
13,209
* |
— |
JPMorgan
U.S. Government Money
Market
Fund Class IM Shares,
4.78%
(b)
(c) |
8,865,488 |
17,562,282 |
19,613,755 |
— |
— |
6,814,015 |
6,814,015 |
180,480 |
— |
Total |
$26,357,951 |
$27,413,178 |
$30,250,386 |
$562,810 |
$927,687 |
$25,011,240 |
|
$423,993 |
$— |
| |
(a) |
Investment
in affiliate. This security is included in an index in which the Fund, as
an index fund, tracks. |
(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 April 30,
2023. |
* |
Amount
is included on the Statements of Operations as Income from securities
lending (net) (after payments of rebates and Citibank’s
fee). |
BetaBuilders
U.S. Mid Cap Equity ETF | |||||||||
For
the six months ended April 30, 2023 | |||||||||
Security
Description |
Value
at
October
31,
2022 |
Purchases
at
Cost |
Proceeds
from
Sales |
Net
Realized
Gain
(Loss) |
Change
in
Unrealized
Appreciation/
(Depreciation) |
Value
at
April
30,
2023 |
Shares
at
April
30,
2023 |
Dividend
Income |
Capital
Gain
Distributions |
JPMorgan
Securities Lending
Money
Market Fund
Agency
SL Class Shares,
5.01%
(a)
(b) |
$33,490,848 |
$182,000,001 |
$86,000,000 |
$10,844
* |
$(37,583
) |
$129,464,110 |
129,451,165 |
$1,456,198
* |
$— |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
231
|
BetaBuilders
U.S. Mid Cap Equity ETF (continued) | |||||||||
For
the six months ended April 30, 2023 | |||||||||
Security
Description |
Value
at
October
31,
2022 |
Purchases
at
Cost |
Proceeds
from
Sales |
Net
Realized
Gain
(Loss) |
Change
in
Unrealized
Appreciation/
(Depreciation) |
Value
at
April
30,
2023 |
Shares
at
April
30,
2023 |
Dividend
Income |
Capital
Gain
Distributions |
JPMorgan
U.S. Government
Money
Market Fund
Class
IM Shares, 4.78%
(a)
(b) |
$4,093,018 |
$133,898,877 |
$121,024,328 |
$— |
$— |
$16,967,567 |
16,967,567 |
$239,197
* |
$— |
JPMorgan
U.S. Government
Money
Market Fund
Class
IM Shares, 4.78%
(a)
(b) |
7,709,091 |
53,793,370 |
47,406,163 |
— |
— |
14,096,298 |
14,096,298 |
264,493 |
— |
Total |
$45,292,957 |
$369,692,248 |
$254,430,491 |
$10,844 |
$(37,583
) |
$160,527,975 |
|
$1,959,888 |
$— |
| |
(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 April 30,
2023. |
* |
Amount
is included on the Statements of Operations as Income from securities
lending (net) (after payments of rebates and Citibank’s
fee). |
BetaBuilders
U.S. Small Cap Equity ETF | |||||||||
For
the six months ended April 30, 2023 | |||||||||
Security
Description |
Value
at
October
31,
2022 |
Purchases
at
Cost |
Proceeds
from
Sales |
Net
Realized
Gain
(Loss) |
Change
in
Unrealized
Appreciation/
(Depreciation) |
Value
at
April
30,
2023 |
Shares
at
April
30,
2023 |
Dividend
Income |
Capital
Gain
Distributions |
JPMorgan
Securities Lending
Money
Market Fund Agency SL
Class
Shares, 5.01% (a)
(b) |
$10,003,601 |
$64,000,000 |
$13,000,000 |
$7,501
* |
$(17,696
) |
$60,993,406 |
60,987,307 |
$542,903
* |
$— |
JPMorgan
U.S. Government Money
Market
Fund Class IM Shares,
4.78%
(a)
(b) |
1,618,100 |
65,787,901 |
59,286,906 |
— |
— |
8,119,095 |
8,119,095 |
102,973
* |
— |
JPMorgan
U.S. Government Money
Market
Fund Class IM Shares,
4.78%
(a)
(b) |
8,224,756 |
24,042,241 |
23,925,295 |
— |
— |
8,341,702 |
8,341,702 |
141,445 |
— |
Total |
$19,846,457 |
$153,830,142 |
$96,212,201 |
$7,501 |
$(17,696
) |
$77,454,203 |
|
$787,321 |
$— |
| |
(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 April 30,
2023. |
* |
Amount
is included on the Statements of Operations as Income from securities
lending (net) (after payments of rebates and Citibank’s
fee). |
Carbon
Transition U.S. Equity ETF | |||||||||
For
the six months ended April 30, 2023 | |||||||||
Security
Description |
Value
at
October
31,
2022 |
Purchases
at
Cost |
Proceeds
from
Sales |
Net
Realized
Gain
(Loss) |
Change
in
Unrealized
Appreciation/
(Depreciation) |
Value
at
April
30,
2023 |
Shares
at
April
30,
2023 |
Dividend
Income |
Capital
Gain
Distributions |
JPMorgan
U.S. Government Money Market Fund
Class
IM Shares, 4.78% (a)
(b) |
$31,835 |
$362,273 |
$371,825 |
$— |
$— |
$22,283 |
22,283 |
$821 |
$— |
| |
(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 April 30,
2023. |
232
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
Emerging
Markets Equity ETF | |||||||||
For
the six months ended April 30, 2023 | |||||||||
Security
Description |
Value
at
October
31,
2022 |
Purchases
at
Cost |
Proceeds
from
Sales |
Net
Realized
Gain
(Loss) |
Change
in
Unrealized
Appreciation/
(Depreciation) |
Value
at
April
30,
2023 |
Shares
at
April
30,
2023 |
Dividend
Income |
Capital
Gain
Distributions |
JPMorgan
U.S. Government Money Market Fund
Class
IM Shares, 4.78% (a)
(b) |
$182,157 |
$438,004 |
$517,436 |
$— |
$— |
$102,725 |
102,725 |
$1,952
* |
$— |
| |
(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 April 30,
2023. |
* |
Amount
is included on the Statements of Operations as Income from securities
lending (net) (after payments of rebates and Citibank’s
fee). |
International
Equity ETF | |||||||||
For
the six months ended April 30, 2023 | |||||||||
Security
Description |
Value
at
October
31,
2022 |
Purchases
at
Cost |
Proceeds
from
Sales |
Net
Realized
Gain
(Loss) |
Change
in
Unrealized
Appreciation/
(Depreciation) |
Value
at
April
30,
2023 |
Shares
at
April
30,
2023 |
Dividend
Income |
Capital
Gain
Distributions |
JPMorgan
Prime Money Market
Fund
Class IM Shares, 4.95%
(a)
(b) |
$569,398 |
$22,634,116 |
$22,635,562 |
$1,167 |
$32 |
$569,151 |
568,980 |
$26,141 |
$— |
JPMorgan
Securities Lending Money
Market
Fund Agency SL
Class
Shares, 5.01% (a)
(b) |
2,258,925 |
31,000,000 |
21,000,000 |
1,685
* |
(2,758
) |
12,257,852 |
12,256,626 |
177,067
* |
— |
JPMorgan
U.S. Government Money
Market
Fund Class IM Shares,
4.78%
(a)
(b) |
1,789,624 |
51,211,928 |
51,373,648 |
— |
— |
1,627,904 |
1,627,904 |
53,747
* |
— |
Total |
$4,617,947 |
$104,846,044 |
$95,009,210 |
$2,852 |
$(2,726
) |
$14,454,907 |
|
$256,955 |
$— |
| |
(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 April 30,
2023. |
* |
Amount
is included on the Statements of Operations as Income from securities
lending (net) (after payments of rebates and Citibank’s
fee). |
U.S.
Equity ETF | |||||||||
For
the six months ended April 30, 2023 | |||||||||
Security
Description |
Value
at
October
31,
2022 |
Purchases
at
Cost |
Proceeds
from
Sales |
Net
Realized
Gain
(Loss) |
Change
in
Unrealized
Appreciation/
(Depreciation) |
Value
at
April
30,
2023 |
Shares
at
April
30,
2023 |
Dividend
Income |
Capital
Gain
Distributions |
JPMorgan
Securities Lending Money
Market
Fund Agency SL
Class
Shares, 5.01% (a)
(b) |
$200,027 |
$10,000,000 |
$— |
$— |
$(980
) |
$10,199,047 |
10,198,028 |
$16,332
* |
$— |
JPMorgan
U.S. Government Money
Market
Fund Class IM Shares,
4.78%
(a)
(b) |
191,848 |
26,261,586 |
24,514,568 |
— |
— |
1,938,866 |
1,938,866 |
12,270
* |
— |
JPMorgan
U.S. Government Money
Market
Fund Class IM Shares,
4.78%
(a)
(b) |
1,020,750 |
16,047,739 |
16,707,575 |
— |
— |
360,914 |
360,914 |
22,474 |
— |
Total |
$1,412,625 |
$52,309,325 |
$41,222,143 |
$— |
$(980
) |
$12,498,827 |
|
$51,076 |
$— |
| |
(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 April 30,
2023. |
* |
Amount
is included on the Statements of Operations as Income from securities
lending (net) (after payments of rebates and Citibank’s
fee). |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
233
|
U.S.
Mid Cap Equity ETF | |||||||||
For
the six months ended April 30, 2023 | |||||||||
Security
Description |
Value
at
October
31,
2022 |
Purchases
at
Cost |
Proceeds
from
Sales |
Net
Realized
Gain
(Loss) |
Change
in
Unrealized
Appreciation/
(Depreciation) |
Value
at
April
30,
2023 |
Shares
at
April
30,
2023 |
Dividend
Income |
Capital
Gain
Distributions |
JPMorgan
U.S. Government Money Market
Fund
Class IM Shares, 4.78% (a)
(b) |
$— |
$6,103,670 |
$4,747,878 |
$— |
$— |
$1,355,792 |
1,355,792 |
$9,474
* |
$— |
JPMorgan
U.S. Government Money Market
Fund
Class IM Shares, 4.78% (a)
(b) |
414,054 |
7,127,760 |
6,881,962 |
— |
— |
659,852 |
659,852 |
13,325 |
— |
Total |
$414,054 |
$13,231,430 |
$11,629,840 |
$— |
$— |
$2,015,644 |
|
$22,799 |
$— |
| |
(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 April 30,
2023. |
* |
Amount
is included on the Statements of Operations as Income from securities
lending (net) (after payments of rebates and Citibank’s
fee). |
U.S.
Small Cap Equity ETF | |||||||||
For
the six months ended April 30, 2023 | |||||||||
Security
Description |
Value
at
October
31,
2022 |
Purchases
at
Cost |
Proceeds
from
Sales |
Net
Realized
Gain
(Loss) |
Change
in
Unrealized
Appreciation/
(Depreciation) |
Value
at
April
30,
2023 |
Shares
at
April
30,
2023 |
Dividend
Income |
Capital
Gain
Distributions |
JPMorgan
Securities Lending
Money
Market Fund Agency SL
Class
Shares, 5.01% (a)
(b) |
$19,342,762 |
$43,000,000 |
$44,700,000 |
$9,767
* |
$(6,532
) |
$17,645,997 |
17,644,232 |
$398,968
* |
$— |
JPMorgan
U.S. Government
Money
Market Fund Class IM
Shares,
4.78% (a)
(b) |
2,902,497 |
67,701,549 |
65,302,748 |
— |
— |
5,301,298 |
5,301,298 |
74,005
* |
— |
JPMorgan
U.S. Government
Money
Market Fund Class IM
Shares,
4.78% (a)
(b) |
325,140 |
11,775,358 |
11,415,285 |
— |
— |
685,213 |
685,213 |
20,755 |
— |
Total |
$22,570,399 |
$122,476,907 |
$121,418,033 |
$9,767 |
$(6,532
) |
$23,632,508 |
|
$493,728 |
$— |
| |
(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 April 30,
2023. |
* |
Amount
is included on the Statements of Operations as Income from securities
lending (net) (after payments of rebates and Citibank’s
fee). |
U.S.
Momentum Factor ETF | |||||||||
For
the six months ended April 30, 2023 | |||||||||
Security
Description |
Value
at
October
31,
2022 |
Purchases
at
Cost |
Proceeds
from
Sales |
Net
Realized
Gain
(Loss) |
Change
in
Unrealized
Appreciation/
(Depreciation) |
Value
at
April
30,
2023 |
Shares
at
April
30,
2023 |
Dividend
Income |
Capital
Gain
Distributions |
JPMorgan
U.S. Government Money Market
Fund
Class IM Shares, 4.78% (a)
(b) |
$1,131,417 |
$7,092,809 |
$7,715,144 |
$— |
$— |
$509,082 |
509,082 |
$16,422
* |
$— |
JPMorgan
U.S. Government Money Market
Fund
Class IM Shares, 4.78% (a)
(b) |
340,337 |
5,403,166 |
5,312,867 |
— |
— |
430,636 |
430,636 |
10,538 |
— |
Total |
$1,471,754 |
$12,495,975 |
$13,028,011 |
$— |
$— |
$939,718 |
|
$26,960 |
$— |
| |
(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 April 30,
2023. |
* |
Amount
is included on the Statements of Operations as Income from securities
lending (net) (after payments of rebates and Citibank’s
fee). |
234
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
U.S.
Quality Factor ETF | |||||||||
For
the six months ended April 30, 2023 | |||||||||
Security
Description |
Value
at
October
31,
2022 |
Purchases
at
Cost |
Proceeds
from
Sales |
Net
Realized
Gain
(Loss) |
Change
in
Unrealized
Appreciation/
(Depreciation) |
Value
at
April
30,
2023 |
Shares
at
April
30,
2023 |
Dividend
Income |
Capital
Gain
Distributions |
JPMorgan
Securities Lending
Money
Market Fund Agency SL
Class
Shares, 5.01% (a)
(b) |
$16,497,925 |
$77,011,297 |
$60,000,000 |
$7,750
* |
$(4,305
) |
$33,512,667 |
33,509,316 |
$453,059
* |
$— |
JPMorgan
U.S. Government
Money
Market Fund Class IM
Shares,
4.78% (a)
(b) |
3,688,865 |
85,365,490 |
84,401,232 |
— |
— |
4,653,123 |
4,653,123 |
83,400
* |
— |
JPMorgan
U.S. Government
Money
Market Fund Class IM
Shares,
4.78% (a)
(b) |
785,535 |
10,747,396 |
10,724,939 |
— |
— |
807,992 |
807,992 |
32,556 |
— |
Total |
$20,972,325 |
$173,124,183 |
$155,126,171 |
$7,750 |
$(4,305
) |
$38,973,782 |
|
$569,015 |
$— |
| |
(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 April 30,
2023. |
* |
Amount
is included on the Statements of Operations as Income from securities
lending (net) (after payments of rebates and Citibank’s
fee). |
U.S.
Value Factor ETF | |||||||||
For
the six months ended April 30, 2023 | |||||||||
Security
Description |
Value
at
October
31,
2022 |
Purchases
at
Cost |
Proceeds
from
Sales |
Net
Realized
Gain
(Loss) |
Change
in
Unrealized
Appreciation/
(Depreciation) |
Value
at
April
30,
2023 |
Shares
at
April
30,
2023 |
Dividend
Income |
Capital
Gain
Distributions |
JPMorgan
Securities Lending Money
Market
Fund Agency SL
Class
Shares, 5.01% (a)
(b) |
$297,072 |
$80,999,500 |
$81,000,000 |
$(5,630
)* |
$(237
) |
$290,705 |
290,676 |
$287,797
* |
$— |
JPMorgan
U.S. Government Money
Market
Fund Class IM Shares,
4.78%
(a)
(b) |
623,020 |
62,691,472 |
61,018,488 |
— |
— |
2,296,004 |
2,296,004 |
68,506
* |
— |
JPMorgan
U.S. Government Money
Market
Fund Class IM Shares,
4.78%
(a)
(b) |
377,263 |
17,469,570 |
16,697,047 |
— |
— |
1,149,786 |
1,149,786 |
24,333 |
— |
Total |
$1,297,355 |
$161,160,542 |
$158,715,535 |
$(5,630
) |
$(237
) |
$3,736,495 |
|
$380,636 |
$— |
| |
(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 April 30,
2023. |
* |
Amount
is included on the Statements of Operations as Income from securities
lending (net) (after payments of rebates and Citibank’s
fee). |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
235
|
|
BetaBuilders
Canada
ETF
|
BetaBuilders
Developed
Asia
Pacific
ex-Japan
ETF
|
BetaBuilders
Europe
ETF
|
BetaBuilders
International
Equity
ETF
|
BetaBuilders
Japan
ETF
|
BetaBuilders
U.S.
Equity ETF
|
Futures
Contracts: |
|
|
|
|
|
|
Average
Notional Balance Long |
$40,588,806 |
$26,343,409 |
$51,627,962 |
$28,555,127 |
$58,292,738 |
$9,485,775 |
Ending
Notional Balance Long |
30,783,172 |
34,737,381 |
78,799,795 |
42,036,410 |
95,773,093 |
7,959,100 |
|
BetaBuilders
U.S.
Mid
Cap Equity
ETF
|
BetaBuilders
U.S.
Small
Cap
Equity
ETF
|
Carbon
Transition
U.S.
Equity
ETF
|
Emerging
Markets
Equity
ETF
|
International
Equity
ETF
|
U.S.
Equity
ETF
|
Futures
Contracts: |
|
|
|
|
|
|
Average
Notional Balance Long |
$11,381,241 |
$7,441,356 |
$37,272 |
$383,313 |
$4,320,529 |
$973,882 |
Ending
Notional Balance Long |
15,009,600 |
9,139,190 |
41,900 |
295,290 |
5,375,500 |
628,350 |
|
U.S.
Mid
Cap
Equity
ETF
|
U.S.
Small
Cap
Equity
ETF
|
U.S.
Momentum
Factor
ETF
|
U.S.
Quality
Factor
ETF
|
U.S.
Value
Factor
ETF
|
Futures
Contracts: |
|
|
|
|
|
Average
Notional Balance Long |
$650,193 |
$939,371 |
$433,532 |
$1,352,189 |
$1,001,577 |
Ending
Notional Balance Long |
750,480 |
443,650 |
481,850 |
837,800 |
209,450 |
236
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
|
|
BetaBuilders
Canada ETF |
0.19
% |
BetaBuilders
Developed Asia Pacific ex-Japan ETF |
0.19 |
BetaBuilders
Europe ETF |
0.09 |
BetaBuilders
International Equity ETF |
0.07 |
BetaBuilders
Japan ETF |
0.19 |
BetaBuilders
U.S. Equity ETF |
0.02 |
BetaBuilders
U.S. Mid Cap Equity ETF |
0.07 |
BetaBuilders
U.S. Small Cap Equity ETF |
0.09 |
Carbon
Transition U.S. Equity ETF |
0.15 |
Emerging
Markets Equity ETF |
0.44 |
International
Equity ETF |
0.37 |
U.S.
Equity ETF |
0.18 |
U.S.
Mid Cap Equity ETF |
0.24 |
U.S.
Small Cap Equity ETF |
0.29 |
U.S.
Momentum Factor ETF |
0.12 |
U.S.
Quality Factor ETF |
0.12 |
U.S.
Value Factor ETF |
0.12 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
237
|
|
Purchases
(excluding
U.S.
Government) |
Sales
(excluding
U.S.
Government) |
BetaBuilders
Canada ETF |
$133,768,986 |
$124,059,152 |
BetaBuilders
Developed Asia Pacific ex-Japan ETF |
196,896,972 |
78,800,339 |
BetaBuilders
Europe ETF |
205,436,203 |
86,860,575 |
BetaBuilders
International Equity ETF |
77,971,514 |
48,317,718 |
BetaBuilders
Japan ETF |
49,419,266 |
82,045,763 |
BetaBuilders
U.S. Equity ETF |
14,846,791 |
26,504,401 |
BetaBuilders
U.S. Mid Cap Equity ETF |
98,559,075 |
127,952,484 |
BetaBuilders
U.S. Small Cap Equity ETF |
57,238,855 |
70,524,981 |
Carbon
Transition U.S. Equity ETF |
2,120,623 |
2,463,453 |
Emerging
Markets Equity ETF |
96,292,731 |
31,313,349 |
International
Equity ETF |
99,763,817 |
93,139,587 |
U.S.
Equity ETF |
75,238,191 |
78,736,367 |
U.S.
Mid Cap Equity ETF |
28,994,089 |
29,409,422 |
U.S.
Small Cap Equity ETF |
34,540,485 |
38,415,007 |
U.S.
Momentum Factor ETF |
47,875,860 |
48,522,441 |
U.S.
Quality Factor ETF |
70,082,466 |
80,266,756 |
U.S.
Value Factor ETF |
85,519,659 |
100,872,376 |
|
In-Kind
Purchases |
In-Kind
Sales |
BetaBuilders
Canada ETF |
$404,853,103 |
$278,302,933 |
BetaBuilders
Developed Asia Pacific ex-Japan ETF |
418,529,468 |
19,350,516 |
BetaBuilders
Europe ETF |
5,641,727,819 |
735,565,888 |
BetaBuilders
International Equity ETF |
415,016,139 |
230,202,153 |
238
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
|
In-Kind
Purchases |
In-Kind
Sales |
BetaBuilders
Japan ETF |
$332,154,483 |
$90,737,423 |
BetaBuilders
U.S. Equity ETF |
332,173,029 |
166,631,820 |
BetaBuilders
U.S. Mid Cap Equity ETF |
389,895,098 |
165,493,155 |
BetaBuilders
U.S. Small Cap Equity ETF |
322,639,198 |
79,896,078 |
Carbon
Transition U.S. Equity ETF |
2,685,288 |
2,230,237 |
Emerging
Markets Equity ETF |
32,909,861 |
2,079,441 |
International
Equity ETF |
22,486,541 |
18,002,287 |
U.S.
Equity ETF |
49,286,216 |
63,955,285 |
U.S.
Mid Cap Equity ETF |
120,191,074 |
50,323,758 |
U.S.
Small Cap Equity ETF |
146,449,368 |
38,643,660 |
U.S.
Momentum Factor ETF |
7,860,921 |
5,234,050 |
U.S.
Quality Factor ETF |
649,425,897 |
91,279,693 |
U.S.
Value Factor ETF |
434,955,857 |
312,406,240 |
|
Aggregate
Cost |
Gross
Unrealized
Appreciation |
Gross
Unrealized
Depreciation |
Net
Unrealized
Appreciation
(Depreciation) |
BetaBuilders
Canada ETF |
$5,701,482,933 |
$1,018,505,201 |
$124,826,192 |
$893,679,009 |
BetaBuilders
Developed Asia Pacific ex-Japan ETF |
4,492,552,329 |
190,293,328 |
275,251,637 |
(84,958,309
) |
BetaBuilders
Europe ETF |
9,790,992,325 |
549,853,182 |
445,793,276 |
104,059,906 |
BetaBuilders
International Equity ETF |
3,306,733,894 |
485,829,499 |
197,512,706 |
288,316,793 |
BetaBuilders
Japan ETF |
8,007,606,419 |
385,785,849 |
997,461,619 |
(611,675,770
) |
BetaBuilders
U.S. Equity ETF |
1,522,913,395 |
111,941,181 |
106,694,857 |
5,246,324 |
BetaBuilders
U.S. Mid Cap Equity ETF |
1,803,271,629 |
139,734,798 |
210,367,089 |
(70,632,291
) |
BetaBuilders
U.S. Small Cap Equity ETF |
833,768,074 |
50,930,394 |
120,776,762 |
(69,846,368
) |
Carbon
Transition U.S. Equity ETF |
20,966,409 |
2,563,150 |
1,098,038 |
1,465,112 |
Emerging
Markets Equity ETF |
268,739,094 |
34,203,039 |
22,085,247 |
12,117,792 |
International
Equity ETF |
812,113,385 |
91,401,679 |
81,144,246 |
10,257,433 |
U.S.
Equity ETF |
469,599,754 |
65,184,261 |
23,273,681 |
41,910,580 |
U.S.
Mid Cap Equity ETF |
335,785,496 |
25,237,163 |
16,253,276 |
8,983,887 |
U.S.
Small Cap Equity ETF |
413,826,101 |
20,812,663 |
31,880,034 |
(11,067,371
) |
U.S.
Momentum Factor ETF |
230,708,141 |
19,946,072 |
11,181,629 |
8,764,443 |
U.S.
Quality Factor ETF |
1,180,356,953 |
80,559,215 |
22,413,016 |
58,146,199 |
U.S.
Value Factor ETF |
603,950,727 |
16,799,945 |
56,331,211 |
(39,531,266
) |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
239
|
|
Capital
Loss Carryforward Character
| |
|
Short-Term |
Long-Term |
BetaBuilders
Canada ETF |
$54,415,002 |
$121,890,580 |
BetaBuilders
Developed Asia Pacific ex-Japan ETF |
95,275,844 |
79,088,224 |
BetaBuilders
Europe ETF |
111,282,137 |
131,656,046 |
BetaBuilders
International Equity ETF |
25,948,932 |
27,223,413 |
BetaBuilders
Japan ETF |
79,312,027 |
161,069,212 |
BetaBuilders
U.S. Equity ETF |
15,995,378 |
2,066,163 |
BetaBuilders
U.S. Mid Cap Equity ETF |
120,310,069 |
33,547,688 |
BetaBuilders
U.S. Small Cap Equity ETF |
35,062,221 |
8,267,275 |
Carbon
Transition U.S. Equity ETF |
1,099,727 |
309,681 |
Emerging
Markets Equity ETF |
26,014,239 |
5,149,424 |
International
Equity ETF |
50,182,642 |
78,717,829 |
U.S.
Equity ETF |
27,942,518 |
8,461,656 |
U.S.
Mid Cap Equity ETF |
12,737,239 |
1,060,104 |
U.S.
Small Cap Equity ETF |
15,236,353 |
5,259,486 |
U.S.
Momentum Factor ETF |
22,566,377 |
2,302,894 |
U.S.
Quality Factor ETF |
26,963,158 |
8,019,573 |
U.S.
Value Factor ETF |
44,202,604 |
8,769,787 |
|
Capital
Loss Utilized
| |
|
Short-Term |
Long-Term |
U.S.
Equity ETF |
$— |
$3,008,424 |
U.S.
Mid Cap Equity ETF |
— |
3,252,019 |
|
Average
Borrowings |
Average
Interest
Rate
paid |
Number
of
Days
Outstanding |
Interest
Paid |
U.S.
Value Factor ETF |
$1,533,838 |
5.56
% |
3 |
$711 |
240
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
|
JPMorgan
SmartRetirement
Funds |
JPMorgan
SmartRetirement
Blend
Funds |
BetaBuilders
International Equity ETF |
—
% |
81.3
% |
BetaBuilders
U.S. Mid Cap Equity ETF |
52.1 |
45.9 |
BetaBuilders
U.S. Small Cap Equity ETF |
— |
88.8 |
|
%
of Ownership |
Carbon
Transition U.S. Equity ETF |
75
% |
|
BetaBuilders
Canada
ETF |
BetaBuilders
Developed
Asia
Pacific
ex-Japan
ETF |
BetaBuilders
Europe
ETF |
BetaBuilders
International
Equity
ETF |
BetaBuilders
Japan
ETF |
Emerging
Markets
Equity
ETF |
International
Equity
ETF |
Australia |
—
% |
58.2
% |
—
% |
—
% |
—
% |
—
% |
10.6
% |
Canada |
95.5 |
— |
— |
— |
— |
— |
— |
China |
— |
— |
— |
— |
— |
25.5 |
— |
France |
— |
— |
15.7 |
10.2 |
— |
— |
— |
Germany |
— |
— |
12.1 |
— |
— |
— |
— |
Hong
Kong |
— |
19.2 |
— |
— |
— |
— |
— |
India |
— |
— |
— |
— |
— |
10.2 |
— |
Japan |
— |
— |
— |
22.7 |
100.0 |
— |
30.5 |
Singapore |
— |
10.6 |
— |
— |
— |
— |
— |
Taiwan |
— |
— |
— |
— |
— |
11.9 |
— |
United
Kingdom |
— |
— |
18.2 |
11.9 |
— |
— |
15.9 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
241
|
242
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
|
Beginning
Account
Value
November
1, 2022 |
Ending
Account
Value
April
30, 2023 |
Expenses
Paid
During
the
Period*
|
Annualized
Expense
Ratio |
JPMorgan
BetaBuilders Canada ETF |
|
|
|
|
Actual |
$1,000.00 |
$1,083.90 |
$0.98 |
0.19
% |
Hypothetical |
1,000.00 |
1,023.85 |
0.95 |
0.19 |
JPMorgan
BetaBuilders Developed Asia Pacific ex-Japan ETF |
|
|
|
|
Actual |
1,000.00 |
1,176.30 |
1.03 |
0.19 |
Hypothetical |
1,000.00 |
1,023.85 |
0.95 |
0.19 |
JPMorgan
BetaBuilders Europe ETF |
|
|
|
|
Actual |
1,000.00 |
1,284.80 |
0.51 |
0.09 |
Hypothetical |
1,000.00 |
1,024.35 |
0.45 |
0.09 |
JPMorgan
BetaBuilders International Equity ETF |
|
|
|
|
Actual |
1,000.00 |
1,244.30 |
0.39 |
0.07 |
Hypothetical |
1,000.00 |
1,024.45 |
0.35 |
0.07 |
JPMorgan
BetaBuilders Japan ETF |
|
|
|
|
Actual |
1,000.00 |
1,176.80 |
1.03 |
0.19 |
Hypothetical |
1,000.00 |
1,023.85 |
0.95 |
0.19 |
JPMorgan
BetaBuilders U.S. Equity ETF |
|
|
|
|
Actual |
1,000.00 |
1,083.60 |
0.10 |
0.02 |
Hypothetical |
1,000.00 |
1,024.70 |
0.10 |
0.02 |
JPMorgan
BetaBuilders U.S. Mid Cap Equity ETF |
|
|
|
|
Actual |
1,000.00 |
1,016.10 |
0.35 |
0.07 |
Hypothetical |
1,000.00 |
1,024.45 |
0.35 |
0.07 |
JPMorgan
BetaBuilders U.S. Small Cap Equity ETF |
|
|
|
|
Actual |
1,000.00 |
977.10 |
0.44 |
0.09 |
Hypothetical |
1,000.00 |
1,024.35 |
0.45 |
0.09 |
JPMorgan
Carbon Transition U.S. Equity ETF |
|
|
|
|
Actual |
1,000.00 |
1,080.10 |
0.77 |
0.15 |
Hypothetical |
1,000.00 |
1,024.05 |
0.75 |
0.15 |
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
243
|
|
Beginning
Account
Value
November
1, 2022 |
Ending
Account
Value
April
30, 2023 |
Expenses
Paid
During
the
Period* |
Annualized
Expense
Ratio |
JPMorgan
Diversified Return Emerging Markets Equity ETF |
|
|
|
|
Actual |
$1,000.00 |
$1,133.60 |
$2.33 |
0.44
% |
Hypothetical |
1,000.00 |
1,022.61 |
2.21 |
0.44 |
JPMorgan
Diversified Return International Equity ETF |
|
|
|
|
Actual |
1,000.00 |
1,216.40 |
2.03 |
0.37 |
Hypothetical |
1,000.00 |
1,022.96 |
1.86 |
0.37 |
JPMorgan
Diversified Return U.S. Equity ETF |
|
|
|
|
Actual |
1,000.00 |
1,036.30 |
0.91 |
0.18 |
Hypothetical |
1,000.00 |
1,023.90 |
0.90 |
0.18 |
JPMorgan
Diversified Return U.S. Mid Cap Equity ETF |
|
|
|
|
Actual |
1,000.00 |
1,038.30 |
1.21 |
0.24 |
Hypothetical |
1,000.00 |
1,023.60 |
1.20 |
0.24 |
JPMorgan
Diversified Return U.S. Small Cap Equity ETF |
|
|
|
|
Actual |
1,000.00 |
987.20 |
1.43 |
0.29 |
Hypothetical |
1,000.00 |
1,023.36 |
1.45 |
0.29 |
JPMorgan
U.S. Momentum Factor ETF |
|
|
|
|
Actual |
1,000.00 |
1,042.00 |
0.61 |
0.12 |
Hypothetical |
1,000.00 |
1,024.20 |
0.60 |
0.12 |
JPMorgan
U.S. Quality Factor ETF |
|
|
|
|
Actual |
1,000.00 |
1,103.80 |
0.63 |
0.12 |
Hypothetical |
1,000.00 |
1,024.20 |
0.60 |
0.12 |
JPMorgan
U.S. Value Factor ETF |
|
|
|
|
Actual |
1,000.00 |
1,047.80 |
0.61 |
0.12 |
Hypothetical |
1,000.00 |
1,024.20 |
0.60 |
0.12 |
| |
* |
Expenses
are equal to each Fund's respective annualized expense ratio, multiplied
by the average account value over the period, multiplied by
181/365
(to reflect the one-half year
period). |
244
|
J.P.
Morgan Exchange-Traded Funds
|
April
30, 2023
|
April
30, 2023
|
J.P.
Morgan Exchange-Traded Funds
|
245
|