THE “UNAUDITED EXCHANGE-TRADED FUNDS HOLDINGS”
LIST (“the List”) IS TO BE USED FOR REPORTING PURPOSES
ONLY. IT IS NOT TO BE REPRODUCED FOR USE AS
ADVERTISING OR SALES LITERATURE WITH THE GENERAL
PUBLIC. The list is submitted for the general information of the
shareholders of the Fund. It is not authorized for distribution to
prospective investors in the Fund unless preceded or accompanied by a
prospectus. The list has been created from the books and records of
the Fund. Holdings are available 60 days after the fund’s fiscal quarter,
using a trade date accounting convention, by contacting the appropriate
service center. The list is subject to change without notice. The list is
for informational purposes only and is not intended as an offer or
solicitation with respect to the purchase or sale of any security.
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JPMorgan Asset Management is the marketing name for the asset
management business of J.P. Morgan Chase & Co.
|
J.P. Morgan Distribution Services, Inc., member FINRA.
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© J.P. Morgan Chase & Co., 2024.
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INVESTMENTS
|
SHARES
|
VALUE($)
|
Common Stocks — 98.1%
|
||
Australia — 1.7%
|
||
Goodman Group, REIT
|
40,598
|
673,893
|
QBE Insurance Group Ltd.
|
63,173
|
650,466
|
|
|
1,324,359
|
Belgium — 0.7%
|
||
KBC Group NV
|
8,383
|
546,837
|
Brazil — 1.5%
|
||
MercadoLibre, Inc. *
|
279
|
477,595
|
NU Holdings Ltd., Class A *
|
85,874
|
739,375
|
|
|
1,216,970
|
Canada — 5.9%
|
||
Alimentation Couche-Tard, Inc.
|
23,904
|
1,400,690
|
Canadian National Railway Co.
|
13,977
|
1,733,857
|
Canadian Pacific Kansas City Ltd.
|
14,218
|
1,144,145
|
Intact Financial Corp.
|
2,553
|
399,247
|
|
|
4,677,939
|
China — 8.1%
|
||
ANTA Sports Products Ltd.
|
41,200
|
347,747
|
Fuyao Glass Industry Group Co. Ltd., Class H (a)
|
82,400
|
372,523
|
JD.com, Inc., ADR
|
15,788
|
356,019
|
NXP Semiconductors NV
|
4,849
|
1,021,054
|
PDD Holdings, Inc., ADR *
|
4,765
|
604,536
|
Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A
|
11,500
|
429,934
|
Tencent Holdings Ltd.
|
73,500
|
2,551,282
|
Yum China Holdings, Inc.
|
19,450
|
669,195
|
|
|
6,352,290
|
Denmark — 3.3%
|
||
Novo Nordisk A/S, Class B
|
22,812
|
2,607,513
|
France — 11.4%
|
||
Air Liquide SA
|
9,303
|
1,740,902
|
Airbus SE
|
8,618
|
1,372,726
|
Dassault Systemes SE
|
16,104
|
834,804
|
L'Oreal SA
|
673
|
322,067
|
LVMH Moet Hennessy Louis Vuitton SE
|
2,112
|
1,757,308
|
Safran SA
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9,186
|
1,715,107
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Vinci SA
|
9,673
|
1,221,916
|
|
|
8,964,830
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Germany — 1.9%
|
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Deutsche Boerse AG
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3,960
|
788,593
|
Muenchener Rueckversicherungs-Gesellschaft AG (Registered)
|
1,260
|
536,406
|
Zalando SE * (a)
|
9,795
|
195,573
|
|
|
1,520,572
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India — 0.6%
|
||
WNS Holdings Ltd., ADR *
|
7,250
|
502,788
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INVESTMENTS
|
SHARES
|
VALUE($)
|
Common Stocks — continued
|
||
Indonesia — 2.7%
|
||
Bank Central Asia Tbk. PT
|
1,693,900
|
1,024,854
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Bank Rakyat Indonesia Persero Tbk. PT
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1,041,300
|
375,113
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Telkom Indonesia Persero Tbk. PT, ADR
|
30,134
|
758,172
|
|
|
2,158,139
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Italy — 1.0%
|
||
Ferrari NV
|
444
|
154,839
|
Ryanair Holdings plc, ADR
|
4,869
|
650,499
|
|
|
805,338
|
Japan — 15.4%
|
||
Advantest Corp.
|
11,000
|
437,776
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Daikin Industries Ltd.
|
7,300
|
1,169,696
|
Hitachi Ltd.
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9,300
|
730,518
|
Hoya Corp.
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10,600
|
1,346,509
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Keyence Corp.
|
3,700
|
1,655,372
|
Otsuka Corp.
|
17,900
|
753,193
|
Rakuten Bank Ltd. *
|
23,100
|
360,105
|
Recruit Holdings Co. Ltd.
|
30,800
|
1,216,561
|
Shimano, Inc.
|
5,100
|
732,234
|
Shin-Etsu Chemical Co. Ltd.
|
31,300
|
1,232,037
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Sony Group Corp.
|
15,300
|
1,500,446
|
Terumo Corp.
|
29,200
|
988,477
|
|
|
12,122,924
|
Mexico — 1.8%
|
||
Grupo Financiero Banorte SAB de CV, Class O
|
41,269
|
419,632
|
Wal-Mart de Mexico SAB de CV
|
237,111
|
979,358
|
|
|
1,398,990
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Netherlands — 6.1%
|
||
Adyen NV * (a)
|
136
|
170,569
|
Argenx SE *
|
1,327
|
501,118
|
Argenx SE *
|
302
|
113,871
|
ASML Holding NV
|
3,855
|
3,344,552
|
Wolters Kluwer NV
|
4,557
|
671,780
|
|
|
4,801,890
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Singapore — 1.4%
|
||
DBS Group Holdings Ltd.
|
45,000
|
1,065,839
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South Korea — 1.4%
|
||
Samsung Electronics Co. Ltd., GDR (a)
|
829
|
1,132,885
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Spain — 1.6%
|
||
Industria de Diseno Textil SA
|
30,231
|
1,292,598
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Sweden — 2.7%
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Atlas Copco AB, Class A
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96,189
|
1,535,121
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Volvo AB, Class B
|
23,991
|
574,952
|
|
|
2,110,073
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INVESTMENTS
|
SHARES
|
VALUE($)
|
Common Stocks — continued
|
||
Switzerland — 1.9%
|
||
Cie Financiere Richemont SA (Registered)
|
9,990
|
1,483,861
|
Taiwan — 6.2%
|
||
Taiwan Semiconductor Manufacturing Co. Ltd., ADR
|
43,140
|
4,873,094
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United Kingdom — 11.3%
|
||
3i Group plc
|
50,717
|
1,587,693
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AstraZeneca plc
|
11,865
|
1,573,024
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InterContinental Hotels Group plc
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17,797
|
1,686,321
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London Stock Exchange Group plc
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12,222
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1,382,480
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Next plc
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2,298
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245,326
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RELX plc
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39,441
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1,626,913
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Sage Group plc (The)
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21,258
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316,488
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SSE plc
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23,526
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501,056
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|
|
8,919,301
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United States — 9.5%
|
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Cadence Design Systems, Inc. *
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3,343
|
964,322
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ExlService Holdings, Inc. *
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15,752
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492,723
|
Las Vegas Sands Corp.
|
21,330
|
1,043,464
|
Linde plc
|
3,746
|
1,511,895
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Nestle SA (Registered)
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23,475
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2,674,990
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Sanofi SA
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7,547
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755,798
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|
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7,443,192
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Total Common Stocks
(Cost $67,989,242)
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|
77,322,222
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Short-Term Investments — 1.6%
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||
Investment Companies — 1.6%
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JPMorgan Prime Money Market Fund Class IM Shares, 5.47% (b) (c)(Cost $1,252,114)
|
1,251,173
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1,252,048
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Total Investments — 99.7%
(Cost $69,241,356)
|
|
78,574,270
|
Other Assets Less Liabilities — 0.3%
|
|
214,357
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NET ASSETS — 100.0%
|
|
78,788,627
|
Percentages indicated are based on net assets.
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Abbreviations
|
|
ADR
|
American Depositary Receipt
|
GDR
|
Global Depositary Receipt
|
PT
|
Limited liability company
|
REIT
|
Real Estate Investment Trust
|
*
|
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)
|
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.
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(c)
|
The rate shown is the current yield as of January 31, 2024.
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INDUSTRY
|
PERCENT OF
TOTAL
INVESTMENTS
|
Semiconductors & Semiconductor Equipment
|
12.3
%
|
Pharmaceuticals
|
6.3
|
Banks
|
5.8
|
Professional Services
|
5.7
|
Chemicals
|
5.7
|
Capital Markets
|
4.8
|
Textiles, Apparel & Luxury Goods
|
4.6
|
Hotels, Restaurants & Leisure
|
4.3
|
Aerospace & Defense
|
3.9
|
Ground Transportation
|
3.7
|
Health Care Equipment & Supplies
|
3.5
|
Food Products
|
3.4
|
Interactive Media & Services
|
3.3
|
Consumer Staples Distribution & Retail
|
3.0
|
Software
|
2.7
|
Machinery
|
2.7
|
Broadline Retail
|
2.1
|
Electronic Equipment, Instruments & Components
|
2.1
|
Insurance
|
2.0
|
Household Durables
|
1.9
|
Specialty Retail
|
1.9
|
Construction & Engineering
|
1.6
|
Building Products
|
1.5
|
Technology Hardware, Storage & Peripherals
|
1.4
|
Diversified Telecommunication Services
|
1.0
|
IT Services
|
1.0
|
Others (each less than 1.0%)
|
6.2
|
Short-Term Investments
|
1.6
|
DESCRIPTION
|
NUMBER OF
CONTRACTS
|
EXPIRATION DATE
|
TRADING CURRENCY
|
NOTIONAL
AMOUNT ($)
|
VALUE AND
UNREALIZED
APPRECIATION
(DEPRECIATION) ($)
|
Long Contracts
|
|
|
|
|
|
IFSC NIFTY 50 Index
|
18
|
02/29/2024
|
USD
|
784,368
|
2,137
|
Abbreviations
|
|
IFSC
|
International Financial Service Centre
|
USD
|
United States Dollar
|
|
|
|
||
|
Level 1
Quoted prices
|
Level 2
Other significant
observable inputs
|
Level 3
Significant
unobservable inputs
|
Total
|
Investments in Securities
|
|
|
|
|
Common Stocks
|
|
|
|
|
Australia
|
$—
|
$1,324,359
|
$—
|
$1,324,359
|
Belgium
|
—
|
546,837
|
—
|
546,837
|
Brazil
|
1,216,970
|
—
|
—
|
1,216,970
|
Canada
|
4,677,939
|
—
|
—
|
4,677,939
|
China
|
1,981,609
|
4,370,681
|
—
|
6,352,290
|
Denmark
|
—
|
2,607,513
|
—
|
2,607,513
|
|
|
|
||
|
Level 1
Quoted prices
|
Level 2
Other significant
observable inputs
|
Level 3
Significant
unobservable inputs
|
Total
|
France
|
$—
|
$8,964,830
|
$—
|
$8,964,830
|
Germany
|
—
|
1,520,572
|
—
|
1,520,572
|
India
|
502,788
|
—
|
—
|
502,788
|
Indonesia
|
758,172
|
1,399,967
|
—
|
2,158,139
|
Italy
|
650,499
|
154,839
|
—
|
805,338
|
Japan
|
—
|
12,122,924
|
—
|
12,122,924
|
Mexico
|
1,398,990
|
—
|
—
|
1,398,990
|
Netherlands
|
113,871
|
4,688,019
|
—
|
4,801,890
|
Singapore
|
—
|
1,065,839
|
—
|
1,065,839
|
South Korea
|
—
|
1,132,885
|
—
|
1,132,885
|
Spain
|
—
|
1,292,598
|
—
|
1,292,598
|
Sweden
|
—
|
2,110,073
|
—
|
2,110,073
|
Switzerland
|
—
|
1,483,861
|
—
|
1,483,861
|
Taiwan
|
4,873,094
|
—
|
—
|
4,873,094
|
United Kingdom
|
—
|
8,919,301
|
—
|
8,919,301
|
United States
|
2,500,509
|
4,942,683
|
—
|
7,443,192
|
Total Common Stocks
|
18,674,441
|
58,647,781
|
—
|
77,322,222
|
Short-Term Investments
|
|
|
|
|
Investment Companies
|
1,252,048
|
—
|
—
|
1,252,048
|
Total Investments in Securities
|
$19,926,489
|
$58,647,781
|
$—
|
$78,574,270
|
Appreciation in Other Financial Instruments
|
|
|
|
|
Futures Contracts
|
$2,137
|
$—
|
$—
|
$2,137
|
|
|||||||||
For the period ended January 31, 2024
|
|||||||||
Security Description
|
Value at
October 31,
2023
|
Purchases at
Cost
|
Proceeds from
Sales
|
Net Realized
Gain (Loss)
|
Change in
Unrealized
Appreciation/
(Depreciation)
|
Value at
January 31,
2024
|
Shares at
January 31,
2024
|
Dividend
Income
|
Capital Gain
Distributions
|
JPMorgan Prime Money Market Fund
Class IM Shares, 5.47% (a) (b)
|
$—
|
$2,469,923
|
$1,217,687
|
$(122
)
|
$(66
)
|
$1,252,048
|
1,251,173
|
$3,659
|
$—
|
JPMorgan U.S. Government Money Market
Fund Class IM Shares, 5.26% (a) (b)
|
—
|
916,397
|
916,397
|
—
|
—
|
—
|
—
|
2,777
|
—
|
JPMorgan U.S. Government Money Market
Fund Class IM Shares, 5.26% (a) (b)
|
1,033,189
|
6,833,671
|
7,866,860
|
—
|
—
|
—
|
—
|
14,695
|
—
|
Total
|
$1,033,189
|
$10,219,991
|
$10,000,944
|
$(122
)
|
$(66
)
|
$1,252,048
|
|
$21,131
|
$—
|
|
|
(a)
|
Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised
by J.P. Morgan
Investment Management Inc.
|
(b)
|
The rate shown is the current yield as of January 31, 2024.
|