THE “UNAUDITED EXCHANGE-TRADED FUNDS HOLDINGS”
LIST (“the List”) IS TO BE USED FOR REPORTING PURPOSES
ONLY. IT IS NOT TO BE REPRODUCED FOR USE AS
ADVERTISING OR SALES LITERATURE WITH THE GENERAL
PUBLIC. The list is submitted for the general information of the
shareholders of the Fund. It is not authorized for distribution to
prospective investors in the Fund unless preceded or accompanied by a
prospectus. The list has been created from the books and records of
the Fund. Holdings are available 60 days after the fund’s fiscal quarter,
using a trade date accounting convention, by contacting the appropriate
service center. The list is subject to change without notice. The list is
for informational purposes only and is not intended as an offer or
solicitation with respect to the purchase or sale of any security.
|
JPMorgan Asset Management is the marketing name for the asset
management business of J.P. Morgan Chase & Co.
|
J.P. Morgan Distribution Services, Inc., member FINRA.
|
© J.P. Morgan Chase & Co., 2024.
|
INVESTMENTS
|
SHARES
|
VALUE($)
|
Common Stocks — 97.4%
|
||
Australia — 6.5%
|
||
ANZ Group Holdings Ltd.
|
898,389
|
15,851,522
|
Aurizon Holdings Ltd.
|
1,029,946
|
2,538,851
|
BHP Group Ltd.
|
2,164,391
|
66,217,454
|
Brambles Ltd.
|
610,892
|
5,824,712
|
Commonwealth Bank of Australia
|
424,234
|
32,349,724
|
Dexus, REIT
|
846,801
|
4,285,378
|
Glencore plc
|
874,478
|
4,626,826
|
Goodman Group, REIT
|
1,741,350
|
28,904,975
|
GPT Group (The), REIT
|
1,470,769
|
4,445,216
|
Insurance Australia Group Ltd.
|
2,363,709
|
9,278,562
|
Macquarie Group Ltd.
|
143,256
|
17,676,281
|
Medibank Pvt Ltd.
|
4,202,910
|
10,522,583
|
Mirvac Group, REIT
|
4,784,223
|
6,723,751
|
National Australia Bank Ltd.
|
1,031,570
|
21,756,229
|
QBE Insurance Group Ltd.
|
1,529,621
|
15,749,869
|
Rio Tinto Ltd.
|
632,443
|
54,420,076
|
Rio Tinto plc
|
321,332
|
22,242,420
|
Santos Ltd.
|
3,373,684
|
17,050,405
|
Wesfarmers Ltd.
|
276,635
|
10,472,556
|
Westpac Banking Corp.
|
1,079,237
|
16,930,664
|
Woodside Energy Group Ltd.
|
253,921
|
5,311,070
|
Woolworths Group Ltd.
|
846,638
|
19,883,268
|
|
|
393,062,392
|
Austria — 0.2%
|
||
Erste Group Bank AG
|
269,386
|
11,604,718
|
Belgium — 0.5%
|
||
Anheuser-Busch InBev SA
|
228,038
|
14,105,883
|
KBC Group NV
|
220,840
|
14,405,747
|
|
|
28,511,630
|
China — 0.5%
|
||
BOC Hong Kong Holdings Ltd.
|
3,943,000
|
9,450,563
|
Prosus NV
|
644,047
|
19,161,474
|
Xinyi Glass Holdings Ltd.
|
1,572,300
|
1,303,476
|
|
|
29,915,513
|
Denmark — 3.4%
|
||
Carlsberg A/S, Class B
|
217,954
|
28,043,585
|
Genmab A/S *
|
17,846
|
4,934,814
|
Novo Nordisk A/S, Class B
|
1,475,057
|
168,605,599
|
|
|
201,583,998
|
Finland — 0.9%
|
||
Nokia OYJ
|
1,240,546
|
4,484,852
|
Nordea Bank Abp
|
4,206,024
|
51,834,568
|
|
|
56,319,420
|
France — 12.6%
|
||
Air Liquide SA
|
412,704
|
77,230,701
|
INVESTMENTS
|
SHARES
|
VALUE($)
|
Common Stocks — continued
|
||
France — continued
|
||
Airbus SE
|
288,772
|
45,997,306
|
AXA SA
|
274,165
|
9,202,439
|
BNP Paribas SA
|
703,576
|
47,269,168
|
Capgemini SE
|
252,792
|
56,201,059
|
Cie Generale des Etablissements Michelin SCA
|
165,607
|
5,498,596
|
Dassault Systemes SE
|
170,514
|
8,839,154
|
Engie SA
|
2,783,935
|
44,466,332
|
Kering SA
|
27,919
|
11,468,391
|
Legrand SA
|
473,090
|
45,849,836
|
L'Oreal SA
|
112,153
|
53,671,307
|
LVMH Moet Hennessy Louis Vuitton SE
|
147,391
|
122,638,004
|
Orange SA
|
2,137,588
|
25,420,051
|
Pernod Ricard SA
|
119,471
|
19,591,514
|
Safran SA
|
266,498
|
49,757,526
|
Societe Generale SA
|
1,089,152
|
27,996,694
|
TotalEnergies SE
|
587,463
|
38,111,999
|
Vinci SA
|
514,098
|
64,942,064
|
|
|
754,152,141
|
Germany — 7.9%
|
||
adidas AG
|
77,021
|
14,540,639
|
Allianz SE (Registered)
|
314,819
|
84,112,093
|
BASF SE
|
66,578
|
3,182,694
|
Bayer AG (Registered)
|
266,357
|
8,288,128
|
Brenntag SE
|
83,894
|
7,417,071
|
Deutsche Post AG
|
803,088
|
38,463,209
|
Deutsche Telekom AG (Registered)
|
2,069,564
|
50,803,299
|
Infineon Technologies AG
|
1,183,216
|
43,136,407
|
Mercedes-Benz Group AG
|
147,438
|
9,953,950
|
Merck KGaA
|
49,850
|
8,179,169
|
Muenchener Rueckversicherungs-Gesellschaft AG (Registered)
|
87,432
|
37,221,469
|
RWE AG
|
1,300,974
|
48,039,303
|
SAP SE
|
372,309
|
64,501,247
|
Siemens AG (Registered)
|
270,697
|
48,461,228
|
Symrise AG
|
28,160
|
2,905,371
|
Zalando SE * (a)
|
248,381
|
4,959,333
|
|
|
474,164,610
|
Hong Kong — 1.7%
|
||
AIA Group Ltd.
|
4,700,400
|
36,862,511
|
CK Asset Holdings Ltd.
|
1,749,844
|
7,895,898
|
CLP Holdings Ltd.
|
374,000
|
2,974,586
|
Hong Kong Exchanges & Clearing Ltd.
|
519,300
|
15,744,555
|
Link, REIT
|
672,700
|
3,374,052
|
Prudential plc
|
1,461,971
|
15,018,195
|
Sun Hung Kai Properties Ltd.
|
750,500
|
7,004,712
|
Techtronic Industries Co. Ltd.
|
1,202,000
|
12,766,570
|
|
|
101,641,079
|
INVESTMENTS
|
SHARES
|
VALUE($)
|
Common Stocks — continued
|
||
Ireland — 0.5%
|
||
Kingspan Group plc
|
356,834
|
28,980,854
|
Italy — 1.1%
|
||
Enel SpA
|
1,062,308
|
7,248,528
|
FinecoBank Banca Fineco SpA
|
1,620,419
|
23,363,801
|
UniCredit SpA
|
1,248,348
|
36,566,674
|
|
|
67,179,003
|
Japan — 23.4%
|
||
AGC, Inc.
|
206,100
|
7,751,061
|
Ajinomoto Co., Inc.
|
769,000
|
31,578,940
|
Asahi Group Holdings Ltd.
|
764,100
|
28,400,044
|
Asahi Kasei Corp.
|
1,155,300
|
8,761,266
|
Bridgestone Corp.
|
741,400
|
32,126,857
|
Central Japan Railway Co.
|
1,177,600
|
29,431,338
|
Daiichi Sankyo Co. Ltd.
|
1,352,300
|
40,486,560
|
Daikin Industries Ltd.
|
182,383
|
29,223,655
|
Daiwa House Industry Co. Ltd.
|
947,600
|
29,301,641
|
Denso Corp.
|
1,781,500
|
27,983,893
|
Dentsu Group, Inc.
|
853,600
|
22,655,635
|
Fuji Electric Co. Ltd.
|
363,000
|
18,179,052
|
Hitachi Ltd.
|
677,900
|
53,249,281
|
Honda Motor Co. Ltd.
|
792,416
|
8,857,676
|
Hoya Corp.
|
335,500
|
42,618,292
|
ITOCHU Corp.
|
1,059,200
|
48,070,865
|
Keyence Corp.
|
119,100
|
53,285,087
|
Komatsu Ltd.
|
107,200
|
3,049,836
|
Konami Group Corp.
|
246,200
|
15,140,855
|
Kyowa Kirin Co. Ltd.
|
980,800
|
15,449,538
|
Mitsubishi Corp.
|
3,126,600
|
53,886,787
|
Mitsubishi UFJ Financial Group, Inc.
|
2,364,450
|
22,146,740
|
Mitsui Fudosan Co. Ltd.
|
1,191,900
|
29,921,191
|
Murata Manufacturing Co. Ltd.
|
1,441,700
|
29,110,985
|
NIDEC Corp.
|
108,400
|
4,042,975
|
Nintendo Co. Ltd.
|
247,500
|
13,828,052
|
Nippon Paint Holdings Co. Ltd.
|
490,900
|
3,866,488
|
Nippon Steel Corp.
|
194,400
|
4,678,173
|
Nippon Telegraph & Telephone Corp.
|
30,875,400
|
38,771,935
|
Nomura Research Institute Ltd.
|
587,300
|
17,961,707
|
ORIX Corp.
|
1,256,800
|
24,267,890
|
Osaka Gas Co. Ltd.
|
494,600
|
10,414,722
|
Otsuka Corp.
|
533,300
|
22,440,087
|
Pan Pacific International Holdings Corp.
|
289,100
|
6,249,329
|
Recruit Holdings Co. Ltd.
|
433,300
|
17,114,795
|
Renesas Electronics Corp. *
|
670,400
|
10,999,646
|
Shimadzu Corp.
|
256,700
|
7,098,264
|
Shimano, Inc.
|
99,300
|
14,257,031
|
Shin-Etsu Chemical Co. Ltd.
|
1,359,500
|
53,512,901
|
Shionogi & Co. Ltd.
|
455,400
|
21,857,573
|
INVESTMENTS
|
SHARES
|
VALUE($)
|
Common Stocks — continued
|
||
Japan — continued
|
||
Shiseido Co. Ltd.
|
145,500
|
4,056,059
|
SoftBank Group Corp.
|
170,100
|
7,343,325
|
Sony Group Corp.
|
645,615
|
63,314,428
|
Sumitomo Electric Industries Ltd.
|
1,743,900
|
23,179,243
|
Sumitomo Metal Mining Co. Ltd.
|
559,100
|
15,452,785
|
Sumitomo Mitsui Financial Group, Inc.
|
1,025,500
|
53,339,721
|
Suzuki Motor Corp.
|
676,500
|
30,387,494
|
T&D Holdings, Inc.
|
1,582,200
|
26,199,263
|
Takeda Pharmaceutical Co. Ltd.
|
141,800
|
4,167,570
|
Terumo Corp.
|
996,000
|
33,716,543
|
Tokio Marine Holdings, Inc.
|
1,534,700
|
40,466,098
|
Tokyo Electron Ltd.
|
302,300
|
56,098,553
|
Toyota Motor Corp.
|
3,961,100
|
79,094,536
|
Yamato Holdings Co. Ltd.
|
934,100
|
16,147,251
|
|
|
1,404,991,512
|
Macau — 0.1%
|
||
Sands China Ltd. *
|
2,444,000
|
6,414,941
|
Netherlands — 6.6%
|
||
Adyen NV * (a)
|
8,820
|
11,061,935
|
ASML Holding NV
|
198,517
|
172,230,997
|
Koninklijke Ahold Delhaize NV
|
534,182
|
15,022,890
|
Koninklijke KPN NV
|
8,303,577
|
28,246,628
|
NN Group NV
|
815,309
|
33,418,073
|
Shell plc
|
3,430,582
|
106,356,028
|
Wolters Kluwer NV
|
189,014
|
27,863,896
|
|
|
394,200,447
|
Singapore — 1.0%
|
||
DBS Group Holdings Ltd.
|
1,373,065
|
32,521,460
|
Oversea-Chinese Banking Corp. Ltd.
|
760,800
|
7,277,340
|
Sea Ltd., ADR *
|
133,617
|
5,096,152
|
United Overseas Bank Ltd.
|
646,500
|
13,627,276
|
|
|
58,522,228
|
South Korea — 0.0% ^
|
||
Delivery Hero SE * (a)
|
119,123
|
2,702,818
|
Spain — 1.9%
|
||
Banco Bilbao Vizcaya Argentaria SA
|
1,472,946
|
13,785,952
|
Banco Santander SA
|
9,702,813
|
38,996,186
|
Iberdrola SA
|
2,058,502
|
24,786,346
|
Industria de Diseno Textil SA
|
814,081
|
34,807,967
|
|
|
112,376,451
|
Sweden — 2.5%
|
||
Atlas Copco AB, Class A
|
3,827,209
|
61,080,048
|
Sandvik AB
|
900,145
|
18,917,358
|
INVESTMENTS
|
SHARES
|
VALUE($)
|
Common Stocks — continued
|
||
Sweden — continued
|
||
Skandinaviska Enskilda Banken AB, Class A
|
880,672
|
12,507,425
|
Volvo AB, Class B
|
2,408,127
|
57,711,552
|
|
|
150,216,383
|
Switzerland — 4.8%
|
||
Cie Financiere Richemont SA (Registered)
|
268,772
|
39,921,938
|
Givaudan SA (Registered)
|
1,960
|
8,150,736
|
Julius Baer Group Ltd.
|
170,822
|
9,299,796
|
Lonza Group AG (Registered)
|
90,256
|
44,126,676
|
Novartis AG (Registered)
|
730,193
|
75,512,034
|
Sandoz Group AG *
|
151,301
|
5,188,870
|
SGS SA (Registered)
|
251,998
|
23,286,098
|
Sika AG (Registered)
|
58,716
|
16,209,021
|
UBS Group AG (Registered)
|
787,831
|
23,581,848
|
Zurich Insurance Group AG
|
79,518
|
40,402,261
|
|
|
285,679,278
|
United Kingdom — 12.9%
|
||
3i Group plc
|
1,900,464
|
59,493,929
|
AstraZeneca plc
|
767,679
|
101,776,458
|
Barclays plc
|
15,671,103
|
29,122,048
|
Berkeley Group Holdings plc
|
504,148
|
30,528,513
|
BP plc
|
13,261,941
|
77,455,254
|
British American Tobacco plc
|
611,251
|
18,021,886
|
Centrica plc
|
10,823,907
|
18,942,387
|
DCC plc
|
148,839
|
10,820,494
|
Diageo plc
|
1,449,176
|
52,341,138
|
HSBC Holdings plc
|
4,649,271
|
36,300,129
|
InterContinental Hotels Group plc
|
445,458
|
42,208,522
|
Intertek Group plc
|
71,282
|
4,046,014
|
Lloyds Banking Group plc
|
57,479,903
|
30,812,435
|
London Stock Exchange Group plc
|
160,153
|
18,115,557
|
National Grid plc
|
688,156
|
9,165,622
|
Next plc
|
55,949
|
5,972,919
|
Reckitt Benckiser Group plc
|
392,546
|
28,381,422
|
RELX plc
|
1,746,164
|
72,071,299
|
SSE plc
|
1,494,337
|
31,826,313
|
Standard Chartered plc
|
3,628,886
|
27,425,470
|
Taylor Wimpey plc
|
5,071,009
|
9,467,533
|
Tesco plc
|
8,521,140
|
30,877,372
|
Unilever plc
|
642,654
|
31,327,858
|
|
|
776,500,572
|
United States — 8.4%
|
||
CSL Ltd.
|
175,258
|
34,416,735
|
GSK plc
|
2,578,904
|
51,004,888
|
Nestle SA (Registered)
|
1,361,276
|
155,118,227
|
Roche Holding AG
|
376,964
|
107,327,816
|
Sanofi SA
|
188,083
|
18,835,669
|
INVESTMENTS
|
SHARES
|
VALUE($)
|
Common Stocks — continued
|
||
United States — continued
|
||
Schneider Electric SE
|
377,106
|
74,082,525
|
Stellantis NV
|
2,945,585
|
64,881,380
|
|
|
505,667,240
|
Total Common Stocks
(Cost $4,947,892,719)
|
|
5,844,387,228
|
Short-Term Investments — 2.2%
|
||
Investment Companies — 2.2%
|
||
JPMorgan Prime Money Market Fund Class IM Shares, 5.47% (b) (c)(Cost $129,034,375)
|
128,967,276
|
129,057,553
|
Total Investments — 99.6%
(Cost $5,076,927,094)
|
|
5,973,444,781
|
Other Assets Less Liabilities — 0.4%
|
|
24,057,310
|
NET ASSETS — 100.0%
|
|
5,997,502,091
|
Percentages indicated are based on net assets.
|
Abbreviations
|
|
ADR
|
American Depositary Receipt
|
OYJ
|
Public Limited Company
|
REIT
|
Real Estate Investment Trust
|
SCA
|
Limited partnership with share capital
|
^
|
Amount rounds to less than 0.1% of net assets.
|
|
*
|
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.
|
|
(c)
|
The rate shown is the current yield as of January 31, 2024.
|
|
INDUSTRY
|
PERCENT OF
TOTAL
INVESTMENTS
|
Banks
|
10.5
%
|
Pharmaceuticals
|
10.5
|
Insurance
|
6.0
|
Semiconductors & Semiconductor Equipment
|
4.7
|
Oil, Gas & Consumable Fuels
|
4.1
|
Automobiles
|
3.2
|
Textiles, Apparel & Luxury Goods
|
3.2
|
Food Products
|
3.1
|
Chemicals
|
2.9
|
Metals & Mining
|
2.8
|
Machinery
|
2.6
|
Professional Services
|
2.4
|
Capital Markets
|
2.4
|
Diversified Telecommunication Services
|
2.4
|
Beverages
|
2.4
|
Electrical Equipment
|
2.4
|
Industrial Conglomerates
|
1.9
|
Trading Companies & Distributors
|
1.8
|
Household Durables
|
1.7
|
IT Services
|
1.6
|
Aerospace & Defense
|
1.6
|
Electronic Equipment, Instruments & Components
|
1.5
|
Personal Care Products
|
1.5
|
Automobile Components
|
1.5
|
Health Care Equipment & Supplies
|
1.3
|
Real Estate Management & Development
|
1.2
|
Software
|
1.2
|
Multi-Utilities
|
1.2
|
Building Products
|
1.1
|
Electric Utilities
|
1.1
|
Consumer Staples Distribution & Retail
|
1.1
|
Construction & Engineering
|
1.1
|
Others (each less than 1.0%)
|
9.8
|
Short-Term Investments
|
2.2
|
DESCRIPTION
|
NUMBER OF
CONTRACTS
|
EXPIRATION DATE
|
TRADING CURRENCY
|
NOTIONAL
AMOUNT ($)
|
VALUE AND
UNREALIZED
APPRECIATION
(DEPRECIATION) ($)
|
Long Contracts
|
|
|
|
|
|
SPI 200 Index
|
920
|
03/21/2024
|
AUD
|
114,058,885
|
5,509,714
|
Abbreviations
|
|
AUD
|
Australian Dollar
|
SPI
|
Australian Securities Exchange
|
|
|
|
||
|
Level 1
Quoted prices
|
Level 2
Other significant
observable inputs
|
Level 3
Significant
unobservable inputs
|
Total
|
Investments in Securities
|
|
|
|
|
Common Stocks
|
|
|
|
|
Australia
|
$—
|
$393,062,392
|
$—
|
$393,062,392
|
Austria
|
—
|
11,604,718
|
—
|
11,604,718
|
Belgium
|
—
|
28,511,630
|
—
|
28,511,630
|
China
|
19,161,474
|
10,754,039
|
—
|
29,915,513
|
Denmark
|
—
|
201,583,998
|
—
|
201,583,998
|
Finland
|
—
|
56,319,420
|
—
|
56,319,420
|
|
|
|
||
|
Level 1
Quoted prices
|
Level 2
Other significant
observable inputs
|
Level 3
Significant
unobservable inputs
|
Total
|
France
|
$—
|
$754,152,141
|
$—
|
$754,152,141
|
Germany
|
—
|
474,164,610
|
—
|
474,164,610
|
Hong Kong
|
—
|
101,641,079
|
—
|
101,641,079
|
Ireland
|
—
|
28,980,854
|
—
|
28,980,854
|
Italy
|
—
|
67,179,003
|
—
|
67,179,003
|
Japan
|
—
|
1,404,991,512
|
—
|
1,404,991,512
|
Macau
|
—
|
6,414,941
|
—
|
6,414,941
|
Netherlands
|
—
|
394,200,447
|
—
|
394,200,447
|
Singapore
|
5,096,152
|
53,426,076
|
—
|
58,522,228
|
South Korea
|
—
|
2,702,818
|
—
|
2,702,818
|
Spain
|
—
|
112,376,451
|
—
|
112,376,451
|
Sweden
|
—
|
150,216,383
|
—
|
150,216,383
|
Switzerland
|
—
|
285,679,278
|
—
|
285,679,278
|
United Kingdom
|
—
|
776,500,572
|
—
|
776,500,572
|
United States
|
—
|
505,667,240
|
—
|
505,667,240
|
Total Common Stocks
|
24,257,626
|
5,820,129,602
|
—
|
5,844,387,228
|
Short-Term Investments
|
|
|
|
|
Investment Companies
|
129,057,553
|
—
|
—
|
129,057,553
|
Total Investments in Securities
|
$153,315,179
|
$5,820,129,602
|
$—
|
$5,973,444,781
|
Appreciation in Other Financial Instruments
|
|
|
|
|
Futures Contracts
|
$5,509,714
|
$—
|
$—
|
$5,509,714
|
|
|||||||||
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)
|
$182,533,672
|
$311,348,420
|
$364,868,792
|
$55,695
|
$(11,442
)
|
$129,057,553
|
128,967,276
|
$1,881,717
|
$—
|
JPMorgan Securities
Lending Money Market
Fund Agency SL
Class Shares, 5.51%
(a) (b)
|
12,000,000
|
58,500,000
|
70,500,000
|
—
|
—
|
—
|
—
|
199,394
|
—
|
JPMorgan U.S. Government
Money Market Fund
Class IM Shares, 5.26%
(a) (b)
|
1,828,971
|
32,915,978
|
34,744,949
|
—
|
—
|
—
|
—
|
38,572
|
—
|
Total
|
$196,362,643
|
$402,764,398
|
$470,113,741
|
$55,695
|
$(11,442
)
|
$129,057,553
|
|
$2,119,683
|
$—
|
|
|
(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.
|