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($)
|
Common Stocks — 99.1%
|
||
Australia — 2.3%
|
||
Goodman Group, REIT
|
16,220
|
269,239
|
NEXTDC Ltd. *
|
22,603
|
204,628
|
Ramsay Health Care Ltd.
|
2,837
|
94,582
|
|
|
568,449
|
Belgium — 2.9%
|
||
Elia Group SA/NV
|
3,586
|
431,773
|
Warehouses De Pauw CVA, REIT
|
9,350
|
273,555
|
|
|
705,328
|
Brazil — 2.3%
|
||
Transmissora Alianca de Energia Eletrica S/A
|
73,561
|
548,174
|
Canada — 2.6%
|
||
Canadian National Railway Co.
|
5,198
|
644,760
|
China — 3.4%
|
||
China Longyuan Power Group Corp. Ltd., Class H
|
240,000
|
144,771
|
Contemporary Amperex Technology Co. Ltd., Class A
|
4,020
|
84,838
|
NARI Technology Co. Ltd., Class A
|
205,040
|
598,901
|
|
|
828,510
|
Denmark — 0.3%
|
||
Orsted A/S (a)
|
1,090
|
61,438
|
France — 8.5%
|
||
Engie SA
|
59,083
|
943,702
|
Getlink SE
|
29,611
|
510,229
|
Neoen SA (a)
|
3,419
|
98,854
|
Veolia Environnement SA
|
15,832
|
515,867
|
|
|
2,068,652
|
Germany — 4.1%
|
||
E.ON SE
|
25,476
|
344,672
|
Vonovia SE
|
21,182
|
659,869
|
|
|
1,004,541
|
Italy — 4.4%
|
||
Enel SpA
|
63,673
|
434,465
|
Infrastrutture Wireless Italiane SpA (a)
|
21,067
|
254,742
|
Terna - Rete Elettrica Nazionale
|
46,351
|
390,834
|
|
|
1,080,041
|
Japan — 0.7%
|
||
Kurita Water Industries Ltd.
|
4,700
|
171,649
|
Portugal — 1.0%
|
||
EDP - Energias de Portugal SA
|
52,505
|
234,195
|
Singapore — 0.7%
|
||
Parkway Life, REIT
|
60,200
|
157,755
|
South Korea — 0.3%
|
||
Samsung SDI Co. Ltd.
|
293
|
81,314
|
INVESTMENTS
|
SHARES
|
VALUE($)
|
Common Stocks — continued
|
||
Spain — 7.3%
|
||
Cellnex Telecom SA (a)
|
9,132
|
351,375
|
Corp. ACCIONA Energias Renovables SA
|
11,688
|
303,714
|
EDP Renovaveis SA
|
14,494
|
234,705
|
Endesa SA
|
14,728
|
291,790
|
Iberdrola SA
|
24,899
|
299,808
|
Solaria Energia y Medio Ambiente SA *
|
19,720
|
291,149
|
|
|
1,772,541
|
United Kingdom — 17.3%
|
||
Assura plc, REIT
|
825,957
|
466,216
|
Grainger plc
|
76,498
|
255,162
|
LondonMetric Property plc, REIT
|
188,764
|
461,225
|
National Grid plc
|
82,782
|
1,102,582
|
Severn Trent plc
|
11,517
|
378,576
|
SSE plc
|
45,221
|
963,114
|
UNITE Group plc (The), REIT
|
26,499
|
338,547
|
United Utilities Group plc
|
18,870
|
254,156
|
|
|
4,219,578
|
United States — 41.0%
|
||
Alexandria Real Estate Equities, Inc., REIT
|
5,293
|
639,924
|
American Tower Corp., REIT
|
2,628
|
514,168
|
Americold Realty Trust, Inc., REIT
|
20,948
|
576,070
|
CMS Energy Corp.
|
9,561
|
546,507
|
Crown Castle, Inc., REIT
|
565
|
61,161
|
Digital Realty Trust, Inc., REIT
|
5,266
|
739,662
|
Equinix, Inc., REIT
|
153
|
126,955
|
Hannon Armstrong Sustainable Infrastructure Capital, Inc., REIT
|
10,716
|
254,934
|
HCA Healthcare, Inc.
|
941
|
286,911
|
Itron, Inc. *
|
2,144
|
154,668
|
NextEra Energy, Inc.
|
8,225
|
482,232
|
Norfolk Southern Corp.
|
1,589
|
373,796
|
PG&E Corp.
|
24,143
|
407,292
|
Physicians Realty Trust, REIT
|
48,752
|
596,725
|
Prologis, Inc., REIT
|
3,081
|
390,332
|
Public Service Enterprise Group, Inc.
|
3,979
|
230,742
|
Sabra Health Care REIT, Inc., REIT
|
49,734
|
663,452
|
SBA Communications Corp., REIT
|
1,095
|
245,127
|
Union Pacific Corp.
|
3,970
|
968,402
|
Ventas, Inc., REIT
|
13,369
|
620,188
|
Welltower, Inc., REIT
|
2,793
|
241,622
|
Weyerhaeuser Co., REIT
|
11,670
|
382,426
|
Xylem, Inc.
|
4,287
|
482,030
|
|
|
9,985,326
|
Total Common Stocks
(Cost $23,189,426)
|
|
24,132,251
|
INVESTMENTS
|
SHARES
|
VALUE($)
|
Short-Term Investments — 0.6%
|
||
Investment Companies — 0.6%
|
||
JPMorgan Prime Money Market Fund Class IM Shares, 5.47% (b) (c)(Cost $147,869)
|
147,777
|
147,881
|
Total Investments — 99.7%
(Cost $23,337,295)
|
|
24,280,132
|
Other Assets Less Liabilities — 0.3%
|
|
75,880
|
NET ASSETS — 100.0%
|
|
24,356,012
|
Percentages indicated are based on net assets.
|
Abbreviations
|
|
CVA
|
Certificaten Van Aandelen (Dutch Certificate)
|
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.
|
(c)
|
The rate shown is the current yield as of January 31, 2024.
|
INDUSTRY
|
PERCENT OF
TOTAL
INVESTMENTS
|
Electric Utilities
|
18.7
%
|
Multi-Utilities
|
15.2
|
Health Care REITs
|
11.3
|
Specialized REITs
|
8.5
|
Ground Transportation
|
8.2
|
Industrial REITs
|
8.1
|
Independent Power and Renewable Electricity Producers
|
4.4
|
Real Estate Management & Development
|
3.8
|
Electrical Equipment
|
2.8
|
Machinery
|
2.7
|
Office REITs
|
2.6
|
Water Utilities
|
2.6
|
Diversified Telecommunication Services
|
2.5
|
Transportation Infrastructure
|
2.1
|
Health Care Providers & Services
|
1.6
|
Residential REITs
|
1.4
|
Mortgage Real Estate Investment Trusts (REITs)
|
1.1
|
Electronic Equipment, Instruments & Components
|
1.0
|
IT Services
|
0.8
|
Short-Term Investments
|
0.6
|
|
|
|
||
|
Level 1
Quoted prices
|
Level 2
Other significant
observable inputs
|
Level 3
Significant
unobservable inputs
|
Total
|
Investments in Securities
|
|
|
|
|
Common Stocks
|
|
|
|
|
Australia
|
$—
|
$568,449
|
$—
|
$568,449
|
Belgium
|
—
|
705,328
|
—
|
705,328
|
Brazil
|
548,174
|
—
|
—
|
548,174
|
Canada
|
644,760
|
—
|
—
|
644,760
|
China
|
—
|
828,510
|
—
|
828,510
|
Denmark
|
—
|
61,438
|
—
|
61,438
|
France
|
—
|
2,068,652
|
—
|
2,068,652
|
Germany
|
—
|
1,004,541
|
—
|
1,004,541
|
|
|
|
||
|
Level 1
Quoted prices
|
Level 2
Other significant
observable inputs
|
Level 3
Significant
unobservable inputs
|
Total
|
Italy
|
$—
|
$1,080,041
|
$—
|
$1,080,041
|
Japan
|
—
|
171,649
|
—
|
171,649
|
Portugal
|
—
|
234,195
|
—
|
234,195
|
Singapore
|
—
|
157,755
|
—
|
157,755
|
South Korea
|
—
|
81,314
|
—
|
81,314
|
Spain
|
—
|
1,772,541
|
—
|
1,772,541
|
United Kingdom
|
721,378
|
3,498,200
|
—
|
4,219,578
|
United States
|
9,985,326
|
—
|
—
|
9,985,326
|
Total Common Stocks
|
11,899,638
|
12,232,613
|
—
|
24,132,251
|
Short-Term Investments
|
|
|
|
|
Investment Companies
|
147,881
|
—
|
—
|
147,881
|
Total Investments in Securities
|
$12,047,519
|
$12,232,613
|
$—
|
$24,280,132
|
|
|||||||||
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)
|
$522,146
|
$1,099,525
|
$1,473,832
|
$82
|
$(40
)
|
$147,881
|
147,777
|
$3,905
|
$—
|
|
|
(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.
|