Form NPORT-P J.P. Morgan Exchange-Tra For: Jul 31

  
    NPORT-P
    false
    
      
      
        
          0001485894
          XXXXXXXX
        
      
      
      
      
        S000068407
        C000218815
      
      
      
    
  
  
    
      J.P. Morgan Exchange-Traded Fund Trust
      811-22903
      0001485894
      5493001E1K1DVWDV2464
      277 Park Avenue
      New York
      
      10172
      844-457-6383
      JPMorgan International Growth ETF
      S000068407
      54930013TIUW8G0FGF89
      2021-10-31
      2021-07-31
      N
    
    
      60388914.77
      31706.35
      60357208.42
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.13000000
      N
      
        
          
        
        
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
      
    
    
      
        Partners Group Holding AG
        549300I3IVVWZWDHI788
        
        N/A
        
          
        
        476.00000000
        NS
        
        813181.26000000
        1.347281097464
        Long
        EC
        CORP
        CH
        N
        
        2
        
          N
          N
          N
        
      
      
        IDP Education Ltd.
        N/A
        
        N/A
        
          
        
        27854.00000000
        NS
        
        577171.03000000
        0.956258655940
        Long
        EC
        CORP
        AU
        N
        
        2
        
          N
          N
          N
        
      
      
        Symrise AG
        529900D82I6R9601CF26
        
        N/A
        
          
        
        5728.00000000
        NS
        
        844587.89000000
        1.399315694196
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        Zalando SE
        529900YRFFGH5AXU4S86
        
        N/A
        
          
        
        7430.00000000
        NS
        
        825565.22000000
        1.367798878727
        Long
        EC
        CORP
        DE
        Y
        
        2
        
          N
          N
          N
        
      
      
        Taiwan Semiconductor Manufacturing Co. Ltd.
        549300KB6NK5SBD14S87
        
        874039100
        
          
        
        25520.00000000
        NS
        USD
        2976652.80000000
        4.931727092622
        Long
        EC
        CORP
        TW
        N
        
        1
        
          N
          N
          N
        
      
      
        Sony Group Corp.
        529900R5WX9N2OI2N910
        
        N/A
        
          
        
        12300.00000000
        NS
        
        1284937.88000000
        2.128888849627
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Adyen NV
        724500973ODKK3IFQ447
        
        N/A
        
          
        
        450.00000000
        NS
        
        1219523.24000000
        2.020509682147
        Long
        EC
        CORP
        NL
        Y
        
        2
        
          N
          N
          N
        
      
      
        Meituan
        21380033K525E5JLIA77
        
        N/A
        
          
        
        33600.00000000
        NS
        
        929759.94000000
        1.540428996533
        Long
        EC
        CORP
        KY
        
        Y
        
        2
        
          N
          N
          N
        
      
      
        LG Chem Ltd.
        988400IES4EIG7O06940
        
        N/A
        
          
        
        981.00000000
        NS
        
        720548.28000000
        1.193806504412
        Long
        EC
        CORP
        KR
        N
        
        2
        
          N
          N
          N
        
      
      
        Pharvaris NV
        9845003BE146D3B75D32
        
        N/A
        
          
        
        16434.00000000
        NS
        USD
        292032.18000000
        0.483839772654
        Long
        EC
        CORP
        NL
        N
        
        1
        
          N
          N
          N
        
      
      
        Kuaishou Technology
        300300FCDZBE6UP9ED24
        
        N/A
        
          
        
        18800.00000000
        NS
        
        266784.56000000
        0.442009441761
        Long
        EC
        CORP
        KY
        
        Y
        
        2
        
          N
          N
          N
        
      
      
        adidas AG
        549300JSX0Z4CW0V5023
        
        N/A
        
          
        
        3670.00000000
        NS
        
        1332039.88000000
        2.206927581426
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        Sartorius AG
        529900EQV2DY4FOAMU38
        
        N/A
        
          
        
        1235.00000000
        NS
        
        747067.62000000
        1.237743824733
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        Argenx SE
        7245009C5FZE6G9ODQ71
        
        N/A
        
          
        
        1888.00000000
        NS
        
        576550.16000000
        0.955229996702
        Long
        EC
        CORP
        NL
        N
        
        2
        
          N
          N
          N
        
      
      
        Delivery Hero SE
        529900C3EX1FZGE48X78
        
        N/A
        
          
        
        7992.00000000
        NS
        
        1194745.13000000
        1.979457236799
        Long
        EC
        CORP
        DE
        
        Y
        
        2
        
          N
          N
          N
        
      
      
        Argenx SE
        7245009C5FZE6G9ODQ71
        
        N/A
        
          
        
        579.00000000
        NS
        
        175189.42000000
        0.290254345066
        Long
        EC
        CORP
        NL
        N
        
        2
        
          N
          N
          N
        
      
      
        Shopify, Inc.
        549300HGQ43STJLLP808
        
        82509L107
        
          
        
        929.00000000
        NS
        
        1394691.41000000
        2.310728820151
        Long
        EC
        CORP
        CA
        N
        
        1
        
          N
          N
          N
        
      
      
        LVMH Moet Hennessy Louis Vuitton SE
        IOG4E947OATN0KJYSD45
        
        N/A
        
          
        
        2541.00000000
        NS
        
        2034495.76000000
        3.370758544435
        Long
        EC
        CORP
        FR
        N
        
        2
        
          N
          N
          N
        
      
      
        Unity Software, Inc.
        N/A
        
        91332U101
        
          
        
        7713.00000000
        NS
        USD
        826216.56000000
        1.368878020750
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Bank Central Asia Tbk. PT
        254900BR956G2OHVOM21
        
        N/A
        
          
        
        382500.00000000
        NS
        
        789616.66000000
        1.308239199045
        Long
        EC
        CORP
        ID
        N
        
        2
        
          N
          N
          N
        
      
      
        Canadian National Railway Co.
        3SU7BEP7TH9YEQOZCS77
        
        136375102
        
          
        
        8341.00000000
        NS
        
        906304.87000000
        1.501568567739
        Long
        EC
        CORP
        CA
        N
        
        1
        
          N
          N
          N
        
      
      
        Oatly Group AB
        894500CEIOQNBAH10Z10
        
        67421J108
        
          
        
        18868.00000000
        NS
        USD
        334907.00000000
        0.554874900226
        Long
        EC
        CORP
        SE
        
        N
        
        1
        
          N
          N
          N
        
      
      
        RELX plc
        549300WSX3VBUFFJOO66
        
        N/A
        
          
        
        38287.00000000
        NS
        
        1137169.26000000
        1.884065366454
        Long
        EC
        CORP
        GB
        N
        
        2
        
          N
          N
          N
        
      
      
        Wuxi Biologics Cayman, Inc.
        5493001TD2TH6VDTJU11
        
        N/A
        
          
        
        54000.00000000
        NS
        
        824809.91000000
        1.366547478903
        Long
        EC
        CORP
        KY
        
        Y
        
        2
        
          N
          N
          N
        
      
      
        Intertek Group plc
        2138003GAT25WW1RN369
        
        N/A
        
          
        
        10621.00000000
        NS
        
        760951.14000000
        1.260746081404
        Long
        EC
        CORP
        GB
        N
        
        2
        
          N
          N
          N
        
      
      
        EPAM Systems, Inc.
        549300XCR4R530HJP604
        
        29414B104
        
          
        
        1620.00000000
        NS
        USD
        906876.00000000
        1.502514817599
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Tencent Holdings Ltd.
        254900N4SLUMW4XUYY11
        
        N/A
        
          
        
        31700.00000000
        NS
        
        1911768.27000000
        3.167423278917
        Long
        EC
        CORP
        KY
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Hoya Corp.
        353800X4VR3BHEUCJB42
        
        N/A
        
          
        
        8000.00000000
        NS
        
        1129357.07000000
        1.871122107141
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Kyowa Kirin Co. Ltd.
        529900TBXKVTQGYA3582
        
        N/A
        
          
        
        17400.00000000
        NS
        
        566390.16000000
        0.938396878892
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        London Stock Exchange Group plc
        213800QAUUUP6I445N30
        
        N/A
        
          
        
        7864.00000000
        NS
        
        819989.18000000
        1.358560479295
        Long
        EC
        CORP
        GB
        N
        
        2
        
          N
          N
          N
        
      
      
        Linde plc
        8945002PAZHZLBGKGF02
        
        N/A
        
          
        
        2888.00000000
        NS
        
        885589.03000000
        1.467246503247
        Long
        EC
        CORP
        IE
        
        N
        
        2
        
          N
          N
          N
        
      
      
        ASML Holding NV
        724500Y6DUVHQD6OXN27
        
        N/A
        
          
        
        3574.00000000
        NS
        
        2731910.94000000
        4.526238060895
        Long
        EC
        CORP
        NL
        N
        
        2
        
          N
          N
          N
        
      
      
        Weimob, Inc.
        254900SW0TNGAGYUTV05
        
        N/A
        
          
        
        303000.00000000
        NS
        
        411086.70000000
        0.681089650699
        Long
        EC
        CORP
        KY
        
        Y
        
        2
        
          N
          N
          N
        
      
      
        Sea Ltd.
        529900OM6JLLW44YKI15
        
        81141R100
        
          
        
        4929.00000000
        NS
        USD
        1361192.64000000
        2.255227959729
        Long
        EC
        CORP
        KY
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Hong Kong Exchanges & Clearing Ltd.
        213800YTVSXYQN17BW16
        
        N/A
        
          
        
        19600.00000000
        NS
        
        1252629.94000000
        2.075360959843
        Long
        EC
        CORP
        HK
        N
        
        2
        
          N
          N
          N
        
      
      
        Diageo plc
        213800ZVIELEA55JMJ32
        
        N/A
        
          
        
        29384.00000000
        NS
        
        1457042.69000000
        2.414032603796
        Long
        EC
        CORP
        GB
        N
        
        2
        
          N
          N
          N
        
      
      
        Kingdee International Software Group Co. Ltd.
        529900SWRZN94C5SZO63
        
        N/A
        
          
        
        176000.00000000
        NS
        
        549680.50000000
        0.910712265178
        Long
        EC
        CORP
        KY
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Novo Nordisk A/S
        549300DAQ1CVT6CXN342
        
        N/A
        
          
        
        16946.00000000
        NS
        
        1568714.22000000
        2.599050322347
        Long
        EC
        CORP
        DK
        N
        
        2
        
          N
          N
          N
        
      
      
        Assa Abloy AB
        549300YECS8HKCIMMB67
        
        N/A
        
          
        
        28742.00000000
        NS
        
        921936.83000000
        1.527467644932
        Long
        EC
        CORP
        SE
        N
        
        2
        
          N
          N
          N
        
      
      
        Genmab A/S
        529900MTJPDPE4MHJ122
        
        N/A
        
          
        
        1798.00000000
        NS
        
        812658.60000000
        1.346415152843
        Long
        EC
        CORP
        DK
        N
        
        2
        
          N
          N
          N
        
      
      
        Atlas Copco AB
        213800T8PC8Q4FYJZR07
        
        N/A
        
          
        
        16024.00000000
        NS
        
        1085226.16000000
        1.798005885972
        Long
        EC
        CORP
        SE
        N
        
        2
        
          N
          N
          N
        
      
      
        Orsted A/S
        W9NG6WMZIYEU8VEDOG48
        
        N/A
        
          
        
        5532.00000000
        NS
        
        820507.02000000
        1.359418438126
        Long
        EC
        CORP
        DK
        Y
        
        2
        
          N
          N
          N
        
      
      
        Techtronic Industries Co. Ltd.
        549300HZW2SBE758OK89
        
        N/A
        
          
        
        45500.00000000
        NS
        
        811369.46000000
        1.344279301908
        Long
        EC
        CORP
        HK
        N
        
        2
        
          N
          N
          N
        
      
      
        AIA Group Ltd.
        ZP5ILWVSYE4LJGMMVD57
        
        N/A
        
          
        
        121400.00000000
        NS
        
        1452643.79000000
        2.406744493369
        Long
        EC
        CORP
        HK
        N
        
        2
        
          N
          N
          N
        
      
      
        JPMorgan U.S. Government Money Market Fund
        8I5DZWZKVSZI1NUHU748
        
        4812C2270
        
          
        
        1053810.59000000
        NS
        USD
        1053810.59000000
        1.745956477421
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Kone OYJ
        2138001CNF45JP5XZK38
        
        N/A
        
          
        
        10643.00000000
        NS
        
        881524.04000000
        1.460511615888
        Long
        EC
        CORP
        FI
        N
        
        2
        
          N
          N
          N
        
      
      
        Lonza Group AG
        549300EFW4H2TCZ71055
        
        N/A
        
          
        
        1440.00000000
        NS
        
        1121221.50000000
        1.857643070895
        Long
        EC
        CORP
        CH
        N
        
        2
        
          N
          N
          N
        
      
      
        Nestle SA
        KY37LUS27QQX7BB93L28
        
        N/A
        
          
        
        18076.00000000
        NS
        
        2288958.06000000
        3.792352429675
        Long
        EC
        CORP
        CH
        N
        
        2
        
          N
          N
          N
        
      
      
        HDFC Bank Ltd.
        335800ZQ6I4E2JXENC50
        
        40415F101
        
          
        
        10210.00000000
        NS
        USD
        720519.70000000
        1.193759152985
        Long
        EC
        CORP
        IN
        N
        
        1
        
          N
          N
          N
        
      
      
        Magazine Luiza SA
        N/A
        
        N/A
        
          
        
        174320.00000000
        NS
        
        689481.50000000
        1.142334972158
        Long
        EC
        CORP
        BR
        N
        
        1
        
          N
          N
          N
        
      
      
        Country Garden Services Holdings Co. Ltd.
        549300P2JRKENZSEBB42
        
        N/A
        
          
        
        80000.00000000
        NS
        
        649591.31000000
        1.076244788327
        Long
        EC
        CORP
        KY
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Daikin Industries Ltd.
        549300Y7FWSTSHMW5Y57
        
        N/A
        
          
        
        4500.00000000
        NS
        
        939747.30000000
        1.556976083884
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Cellnex Telecom SA
        5493008T4YG3AQUI7P67
        
        N/A
        
          
        
        13328.00000000
        NS
        
        869207.44000000
        1.440105436871
        Long
        EC
        CORP
        ES
        Y
        
        2
        
          N
          N
          N
        
      
      
        Sysmex Corp.
        5299001ZO4CKWACMZI55
        
        N/A
        
          
        
        7100.00000000
        NS
        
        844833.53000000
        1.399722671269
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Keyence Corp.
        529900M7PQBS7A89DZ11
        
        N/A
        
          
        
        2600.00000000
        NS
        
        1448207.78000000
        2.399394898986
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        InPost SA
        2221003M23QLERR89585
        
        N/A
        
          
        
        28963.00000000
        NS
        
        567907.26000000
        0.940910414623
        Long
        EC
        CORP
        LU
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Straumann Holding AG
        50670046ML5FVIM60Z37
        
        N/A
        
          
        
        492.00000000
        NS
        
        912177.33000000
        1.511298076697
        Long
        EC
        CORP
        CH
        N
        
        2
        
          N
          N
          N
        
      
      
        L'Oreal SA
        529900JI1GG6F7RKVI53
        
        N/A
        
          
        
        3369.00000000
        NS
        
        1541296.65000000
        2.553624811927
        Long
        EC
        CORP
        FR
        N
        
        2
        
          N
          N
          N
        
      
      
        Bilibili, Inc.
        5493008V60M52L3PIS45
        
        090040106
        
          
        
        7966.00000000
        NS
        USD
        681730.28000000
        1.129492728119
        Long
        EC
        CORP
        KY
        
        N
        
        1
        
          N
          N
          N
        
      
    
    
      2021-08-30
      J.P. Morgan Exchange-Traded Fund Trust
      Timothy J. Clemens
      Timothy J. Clemens
      Treasurer and Principal Financial Officer
    
  
  XXXX

JPMorgan International Growth ETF

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF JULY 31, 2021 (Unaudited)

 

Investments		Shares				Value ($)
COMMON STOCKS — 98.4%
Australia — 1.0%
IDP Education Ltd.			27,854				577,171
Brazil — 1.2%
Magazine Luiza SA*			174,320				689,482
Canada — 3.8%
Canadian National Railway Co.			8,341				906,305
Shopify, Inc., Class A*			929				1,394,691
							2,300,996
China — 10.3%
Bilibili, Inc., ADR*			7,966				681,730
Country Garden Services Holdings Co. Ltd.			80,000				649,591
Kingdee International Software Group Co. Ltd.*			176,000				549,681
Kuaishou Technology*(a)			18,800				266,785
Meituan*(a)			33,600				929,760
Tencent Holdings Ltd.			31,700				1,911,768
Weimob, Inc.*(a)			303,000				411,087
Wuxi Biologics Cayman, Inc.*(a)			54,000				824,810
							6,225,212
Denmark — 5.3%
Genmab A/S*			1,798				812,659
Novo Nordisk A/S, Class B			16,946				1,568,714
Orsted A/S(a)			5,532				820,507
							3,201,880
Finland — 1.5%
Kone OYJ, Class B			10,643				881,524
France — 5.9%
L’Oreal SA			3,369				1,541,296
LVMH Moet Hennessy Louis Vuitton SE			2,541				2,034,496
							3,575,792
Germany — 6.2%
adidas AG			3,670				1,332,040
Sartorius AG (Preference)			1,235				747,068
Symrise AG			5,728				844,588
Zalando SE*(a)			7,430				825,565
							3,749,261
Hong Kong — 5.8%
AIA Group Ltd.			121,400				1,452,644
Hong Kong Exchanges & Clearing Ltd.			19,600				1,252,630
Techtronic Industries Co. Ltd.			45,500				811,369
							3,516,643
India — 1.2%
HDFC Bank Ltd., ADR			10,210				720,520
Indonesia — 1.3%
Bank Central Asia Tbk. PT			382,500				789,617
Japan — 10.3%
Daikin Industries Ltd.			4,500				939,747
Hoya Corp.			8,000				1,129,357
Keyence Corp.			2,600				1,448,208
Kyowa Kirin Co. Ltd.			17,400				566,390
Sony Group Corp.			12,300				1,284,938
Sysmex Corp.			7,100				844,834
							6,213,474
Netherlands — 8.3%
Adyen NV*(a)			450				1,219,523
Argenx SE*			1,888				576,550
Argenx SE*			579				175,190
ASML Holding NV			3,574				2,731,911
Pharvaris NV*			16,434				292,032
							4,995,206
Poland — 0.9%
InPost SA*			28,963				567,907
South Korea — 3.2%
Delivery Hero SE*(a)			7,992				1,194,745
LG Chem Ltd.			981				720,548
							1,915,293
Spain — 1.4%
Cellnex Telecom SA(a)			13,328				869,207
Sweden — 3.3%
Assa Abloy AB, Class B			28,742				921,937
Atlas Copco AB, Class A			16,024				1,085,226
							2,007,163
Switzerland — 8.5%
Lonza Group AG (Registered)			1,440				1,121,222
Nestle SA (Registered)			18,076				2,288,958
Partners Group Holding AG			476				813,181
Straumann Holding AG (Registered)			492				912,177
							5,135,538
Taiwan — 7.2%
Sea Ltd., ADR*			4,929				1,361,192
Taiwan Semiconductor Manufacturing Co. Ltd., ADR			25,520				2,976,653
							4,337,845
United Kingdom — 8.4%
Diageo plc			29,384				1,457,043
Intertek Group plc			10,621				760,951
Linde plc			2,888				885,589
London Stock Exchange Group plc			7,864				819,989
RELX plc			38,287				1,137,169
							5,060,741
United States — 3.4%
EPAM Systems, Inc.*			1,620				906,876
Oatly Group AB, ADR*			18,868				334,907
Unity Software, Inc.*			7,713				826,217
							2,068,000
TOTAL COMMON STOCKS (Cost $49,209,749)							59,398,472
SHORT-TERM INVESTMENTS — 1.5%
INVESTMENT COMPANIES — 1.5%
JPMorgan U.S. Government Money Market Fund Class IM Shares, 0.03%(b)(c)(Cost $896,707)			896,707				896,707
Total Investments — 99.9% (Cost $50,106,456)							60,295,179
Other Assets Less Liabilities — 0.1%							62,029
Net Assets — 100.0%							60,357,208

 

Percentages indicated are based on net assets.

---

JPMorgan International Growth ETF

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF JULY 31, 2021 (Unaudited) (continued)

 

Summary of Investments by Industry, July 31, 2021

The following table represents the portfolio investments of the Fund by industry classifications as a percentage of total investments:

 

INDUSTRY		PERCENT OF TOTAL INVESTMENTS
Semiconductors & Semiconductor Equipment			9.5	%
Health Care Equipment & Supplies			6.0
IT Services			5.8
Textiles, Apparel & Luxury Goods			5.6
Internet & Direct Marketing Retail			4.9
Capital Markets			4.8
Machinery			4.6
Food Products			4.4
Chemicals			4.1
Pharmaceuticals			4.0
Interactive Media & Services			3.6
Entertainment			3.4
Life Sciences Tools & Services			3.2
Professional Services			3.1
Building Products			3.1
Software			3.0
Biotechnology			2.6
Personal Products			2.6
Banks			2.5
Beverages			2.4
Insurance			2.4
Electronic Equipment, Instruments & Components			2.4
Household Durables			2.1
Road & Rail			1.5
Diversified Telecommunication Services			1.4
Electric Utilities			1.4
Multiline Retail			1.1
Commercial Services & Supplies			1.1
Diversified Consumer Services			1.0
Air Freight & Logistics			0.9
Short-Term Investments			1.5

Abbreviations

 

ADR		American Depositary Receipt
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.
PT		Limited liability company

---

JPMorgan International Growth ETF

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF JULY 31, 2021 (Unaudited) (continued)

 

(a)		Security exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale.
(b)		Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc.
(c)		The rate shown is the current yield as of July 31, 2021.
*		Non-income producing security.

---

JPMorgan International Growth ETF

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF JULY 31, 2021 (Unaudited) (continued)

 

A. Valuation of Investments – Investments are valued in accordance with U.S. generally accepted accounting principles (“GAAP”) and the Fund’s valuation policies set forth by, and under the supervision and responsibility of, the Board of Trustees of the Trust (the “Board”), which established the following approach to valuation, as described more fully below: (i) investments for which market quotations are readily available shall be valued at their market value and (ii) all other investments for which market quotations are not readily available shall be valued at their fair value as determined in good faith by the Board.

J.P. Morgan Investment Management Inc. (the “Administrator”) has established the J.P. Morgan Asset Management Americas Valuation Committee (“AVC”) to assist the Board with the oversight and monitoring of the valuation of the Fund’s investments. The Administrator implements the valuation policies of the Fund’s investments, as directed by the Board. The AVC oversees and carries out the policies for the valuation of investments held in the Fund. This includes monitoring the appropriateness of fair values based on results of ongoing valuation oversight including, but not limited to, consideration of macro or security specific events, market events, and pricing vendor and broker due diligence. The Administrator is responsible for discussing and assessing the potential impacts to the fair values on an ongoing basis, and, at least on a quarterly basis, with the AVC and the Board.

Equities and other exchange-traded instruments are valued at the last sale price or official market closing price on the primary exchange on which the instrument is traded before the net asset values (“NAV”) of the Fund are calculated on a valuation date.

Certain foreign equity instruments are valued by applying international fair value factors provided by an approved Pricing Service. The factors seek to adjust the local closing price for movements of local markets post-closing, but prior to the time the NAVs are calculated.

Investments in open-end investment companies (“Underlying Funds”) are valued at each Underlying Fund’s NAV per share as of the report date.

Valuations reflected in this report are as of the report date. As a result, changes in valuation due to market events and/or issuer-related events after the report date and prior to issuance of the report are not reflected herein.

The various inputs that are used in determining the valuation of the Fund’s investments are summarized into the three broad levels listed below.

 

•

Level 1 — Unadjusted inputs using quoted prices in active markets for identical investments.

 

•

Level 2 — Other significant observable inputs including, but not limited to, quoted prices for similar investments, inputs other than quoted prices that are observable for investments (such as interest rates, prepayment speeds, credit risk, etc.) or other market corroborated inputs.

 

•

Level 3 — Significant inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Fund’s assumptions in determining the fair value of investments).

A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input, both individually and in the aggregate, that is significant to the fair value measurement. The inputs or methodology used for valuing instruments are not necessarily an indication of the risk associated with investing in those instruments.

The following table represents each valuation input as presented on the Schedule of Portfolio Investments:

 

		Level 1 Quoted prices				Level 2 Other significant observable inputs				Level 3 Significant unobservable inputs				Total
Investments in Securities
Common Stocks
Australia		$	—			$	577,171			$	—			$	577,171
Brazil			689,482				—				—				689,482
Canada			2,300,996				—				—				2,300,996
China			681,730				5,543,482				—				6,225,212
Denmark			—				3,201,880				—				3,201,880
Finland			—				881,524				—				881,524
France			—				3,575,792				—				3,575,792
Germany			—				3,749,261				—				3,749,261
Hong Kong			—				3,516,643				—				3,516,643
India			720,520				—				—				720,520
Indonesia			—				789,617				—				789,617
Japan			—				6,213,474				—				6,213,474
Netherlands			292,032				4,703,174				—				4,995,206
Poland			—				567,907				—				567,907
South Korea			—				1,915,293				—				1,915,293
Spain			—				869,207				—				869,207
Sweden			—				2,007,163				—				2,007,163
Switzerland			—				5,135,538				—				5,135,538
Taiwan			4,337,845				—				—				4,337,845
United Kingdom			—				5,060,741				—				5,060,741
United States			2,068,000				—				—				2,068,000
Total Common Stocks			11,090,605				48,307,867				—				59,398,472
Short-Term Investments
Investment Companies			896,707				—				—				896,707
Total Investments in Securities		$	11,987,312			$	48,307,867			$	—			$	60,295,179

B. Investment Transactions with Affiliates — The Fund invested in an Underlying Fund, which is advised by the Adviser. An issuer which is under common control with the Fund may be considered an affiliate. The Fund assumes the issuer listed in the table below to be an affiliated issuer. The Underlying Fund’s distributions may be reinvested into such Underlying Fund. Reinvestment amounts are included in the purchases at cost amount in the table below.

 

For the period ended July 31, 2021
Security Description		Value at October 31, 2020				Purchases at Cost				Proceeds from Sales				Net Realized Gain (Loss)				Change in Unrealized Appreciation/ (Depreciation)				Value at July 31, 2021				Shares at July 31, 2021				Dividend Income				Capital Gain Distributions
JPMorgan U.S. Government Money Market Fund Class IM Shares, 0.03%(a)(b)		$	469,916			$	2,865,858			$	2,439,067			$	—			$	—			$	896,707				896,707			$	36			$	—

 

(a)	Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc.

(b)	The rate shown is the current yield as of July 31, 2021.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• T-Mobile (TMUS) and EQT Announce JV to Acquire Lumos
• Matador Resources Company (MTDR) PT Raised to $78 at JPMorgan
• Meta Platforms Inc. (META) PT Lowered to $480 at JPMorgan, 'Bigger AI Ambitions Drive Increasing Infrastructure Investments'