0001752724-24-127597.txt : 20240530 0001752724-24-127597.hdr.sgml : 20240530 20240530093932 ACCESSION NUMBER: 0001752724-24-127597 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240530 DATE AS OF CHANGE: 20240530 PERIOD START: 20240630 FILER: COMPANY DATA: COMPANY CONFORMED NAME: J.P. Morgan Exchange-Traded Fund Trust CENTRAL INDEX KEY: 0001485894 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-22903 FILM NUMBER: 241001596 BUSINESS ADDRESS: STREET 1: 277 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10172 BUSINESS PHONE: (800) 480-4111 MAIL ADDRESS: STREET 1: 277 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10172 0001485894 S000080536 JPMorgan U.S. Tech Leaders ETF C000243013 JPMorgan U.S. Tech Leaders ETF JTEK NPORT-P 1 primary_doc.xml NPORT-P false 0001485894 XXXXXXXX S000080536 C000243013 J.P. Morgan Exchange-Traded Fund Trust 811-22903 0001485894 5493001E1K1DVWDV2464 277 Park Avenue New York 10172 844-457-6383 JPMorgan U.S. Tech Leaders ETF S000080536 5493000MPJIC7UVPEO26 2024-06-30 2024-03-31 N 314867720.88 780872.63 314086848.25 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 39857.23000000 N N/A N/A Oracle Corp. 1Z4GXXU7ZHVWFCD8TV52 Oracle Corp. 68389X105 92988.00000000 NS USD 11680222.68000000 3.718787572634 Long EC CORP US N 1 N N N Entegris, Inc. IYX6OWO7BT5DKO3BYG52 Entegris, Inc. 29362U104 27864.00000000 NS USD 3916006.56000000 1.246791001221 Long EC CORP US N 1 N N N Taiwan Semiconductor Manufacturing Co. Ltd. 549300KB6NK5SBD14S87 Taiwan Semiconductor Manufacturing Co. Ltd. 874039100 49323.00000000 NS USD 6710394.15000000 2.136477279258 Long EC CORP TW N 1 N N N Crowdstrike Holdings, Inc. 549300YBY08K9KM4HX32 Crowdstrike Holdings, Inc., Class A 22788C105 14146.00000000 NS USD 4535066.14000000 1.443889218943 Long EC CORP US N 1 N N N Robinhood Markets, Inc. 213800FS5AO3YWIE6F63 Robinhood Markets, Inc., Class A 770700102 186531.00000000 NS USD 3754869.03000000 1.195487506376 Long EC CORP US N 1 N N N NVIDIA Corp. 549300S4KLFTLO7GSQ80 NVIDIA Corp. 67066G104 19438.00000000 NS USD 17563399.28000000 5.591892617554 Long EC CORP US N 1 N N N Amazon.com, Inc. ZXTILKJKG63JELOEG630 Amazon.com, Inc. 023135106 67417.00000000 NS USD 12160678.46000000 3.871756658311 Long EC CORP US N 1 N N N Jabil, Inc. 5493000CGCQY2OQU7669 Jabil, Inc. 466313103 16362.00000000 NS USD 2191689.90000000 0.697797412470 Long EC CORP US N 1 N N N Credo Technology Group Holding Ltd. N/A Credo Technology Group Holding Ltd. N/A 145593.00000000 NS USD 3085115.67000000 0.982249236855 Long EC CORP KY N 1 N N N Axcelis Technologies, Inc. 529900HF9B6NL1QG9F05 Axcelis Technologies, Inc. 054540208 5889.00000000 NS USD 656741.28000000 0.209095440849 Long EC CORP US N 1 N N N Elastic NV 2549003I48WHHH937I59 Elastic NV N/A 48797.00000000 NS USD 4891411.28000000 1.557343552349 Long EC CORP NL N 1 N N N Alphabet, Inc. 5493006MHB84DD0ZWV18 Alphabet, Inc., Class C 02079K107 62913.00000000 NS USD 9579133.38000000 3.049835876087 Long EC CORP US N 1 N N N Intuit, Inc. VI90HBPH7XSFMB9E4M29 Intuit, Inc. 461202103 6652.00000000 NS USD 4323800.00000000 1.376625612976 Long EC CORP US N 1 N N N Snowflake, Inc. 254900CJNSY1K7T53Z16 Snowflake, Inc., Class A 833445109 27930.00000000 NS USD 4513488.00000000 1.437019100018 Long EC CORP US N 1 N N N Uber Technologies, Inc. 549300B2FTG34FILDR98 Uber Technologies, Inc. 90353T100 106941.00000000 NS USD 8233387.59000000 2.621372921494 Long EC CORP US N 1 N N N Confluent, Inc. 254900MRZ83YWUV7SN74 Confluent, Inc., Class A 20717M103 146654.00000000 NS USD 4475880.08000000 1.425045367209 Long EC CORP US N 1 N N N Unity Software, Inc. 549300D1ESJMGNQNG432 Unity Software, Inc. 91332U101 89632.00000000 NS USD 2393174.40000000 0.761946707840 Long EC CORP US N 1 N N N Tesla, Inc. 54930043XZGB27CTOV49 Tesla, Inc. 88160R101 21120.00000000 NS USD 3712684.80000000 1.182056752992 Long EC CORP US N 1 N N N Arista Networks, Inc. 635400H1WKBLOQERUU95 Arista Networks, Inc. 040413106 13137.00000000 NS USD 3809467.26000000 1.212870669760 Long EC CORP US N 1 N N N Marvell Technology, Inc. N/A Marvell Technology, Inc. 573874104 56455.00000000 NS USD 4001530.40000000 1.274020361659 Long EC CORP US N 1 N N N Gitlab, Inc. N/A Gitlab, Inc., Class A 37637K108 53253.00000000 NS USD 3105714.96000000 0.988807706309 Long EC CORP US N 1 N N N NU Holdings Ltd. 5493002DG1RHWK9W2X27 NU Holdings Ltd., Class A N/A 234028.00000000 NS USD 2791954.04000000 0.888911476413 Long EC CORP KY N 1 N N N Bill Holdings, Inc. 549300IBF9VZZIGOZW63 Bill Holdings, Inc. 090043100 33667.00000000 NS USD 2313596.24000000 0.736610352483 Long EC CORP US N 1 N N N ASML Holding NV 724500Y6DUVHQD6OXN27 ASML Holding NV (Registered) N/A 4384.00000000 NS USD 4254540.48000000 1.354574540037 Long EC CORP NL N 1 N N N Trade Desk, Inc. (The) 549300GXPD31VT3E0P46 Trade Desk, Inc. (The), Class A 88339J105 54338.00000000 NS USD 4750227.96000000 1.512393144274 Long EC CORP US N 1 N N N Adobe, Inc. FU4LY2G4933NH2E1CP29 Adobe, Inc. 00724F101 12296.00000000 NS USD 6204561.60000000 1.975428654389 Long EC CORP US N 1 N N N Veeva Systems, Inc. 549300YZEXPDB92M2F02 Veeva Systems, Inc., Class A 922475108 22058.00000000 NS USD 5110618.02000000 1.627135312565 Long EC CORP US N 1 N N N Universal Display Corp. N/A Universal Display Corp. 91347P105 18848.00000000 NS USD 3174945.60000000 1.010849584339 Long EC CORP US N 1 N N N Broadcom, Inc. 549300WV6GIDOZJTV909 Broadcom, Inc. 11135F101 4236.00000000 NS USD 5614436.76000000 1.787542774007 Long EC CORP US N 1 N N N Datadog, Inc. 549300F6JNO0KRPO1K63 Datadog, Inc., Class A 23804L103 28463.00000000 NS USD 3518026.80000000 1.120080901063 Long EC CORP US N 1 N N N Meta Platforms, Inc. BQ4BKCS1HXDV9HN80Z93 Meta Platforms, Inc., Class A 30303M102 34820.00000000 NS USD 16907895.60000000 5.383191207847 Long EC CORP US N 1 N N N HubSpot, Inc. 529900BLNVEW0MVKJB37 HubSpot, Inc. 443573100 10463.00000000 NS USD 6555697.28000000 2.087224382850 Long EC CORP US N 1 N N N Super Micro Computer, Inc. 54930022CZO1N2UGVW07 Super Micro Computer, Inc. 86800U104 3795.00000000 NS USD 3833063.85000000 1.220383429410 Long EC CORP US N 1 N N N Procore Technologies, Inc. 5493005PTWY0RHYRAH22 Procore Technologies, Inc. 74275K108 41825.00000000 NS USD 3436760.25000000 1.094206990566 Long EC CORP US N 1 N N N Netflix, Inc. 549300Y7VHGU0I7CE873 Netflix, Inc. 64110L106 18028.00000000 NS USD 10948945.24000000 3.485961064910 Long EC CORP US N 1 N N N Advanced Micro Devices, Inc. R2I72C950HOYXII45366 Advanced Micro Devices, Inc. 007903107 67320.00000000 NS USD 12150586.80000000 3.868543642530 Long EC CORP US N 1 N N N Take-Two Interactive Software, Inc. BOMSTHHJK882EWYX3334 Take-Two Interactive Software, Inc. 874054109 31391.00000000 NS USD 4661249.59000000 1.484063919253 Long EC CORP US N 1 N N N Atlassian Corp. 549300V7ZY5P02D2MY38 Atlassian Corp., Class A 049468101 16469.00000000 NS USD 3213266.59000000 1.023050346712 Long EC CORP US N 1 N N N MKS Instruments, Inc. 549300KEQATBHAGVF505 MKS Instruments, Inc. 55306N104 17327.00000000 NS USD 2304491.00000000 0.733711396335 Long EC CORP US N 1 N N N Micron Technology, Inc. B3DXGBC8GAIYWI2Z0172 Micron Technology, Inc. 595112103 60277.00000000 NS USD 7106055.53000000 2.262449245994 Long EC CORP US N 1 N N N ServiceNow, Inc. 549300HJTQM36M0E1G39 ServiceNow, Inc. 81762P102 9166.00000000 NS USD 6988158.40000000 2.224912771399 Long EC CORP US N 1 N N N Onto Innovation, Inc. 254900RXZVN73CHOO062 Onto Innovation, Inc. 683344105 10792.00000000 NS USD 1954215.36000000 0.622189490228 Long EC CORP US N 1 N N N Microsoft Corp. INR2EJN1ERAN0W5ZP974 Microsoft Corp. 594918104 11218.00000000 NS USD 4719636.96000000 1.502653481448 Long EC CORP US N 1 N N N JPMorgan U.S. Government Money Market Fund 8I5DZWZKVSZI1NUHU748 JPMorgan U.S. Government Money Market Fund, Class IM 4812C2270 3027004.70000000 NS USD 3027004.70000000 0.963747675799 Long STIV RF US N 1 N N N MercadoLibre, Inc. 549300DKPDN9M5S8GB14 MercadoLibre, Inc. 58733R102 2471.00000000 NS USD 3736053.16000000 1.189496848026 Long EC CORP US N 1 N N N Shopify, Inc. 549300HGQ43STJLLP808 Shopify, Inc., Class A 82509L107 102243.00000000 NS USD 7890092.31000000 2.512073445278 Long EC CORP CA N 1 N N N Booking Holdings, Inc. FXM8FAOHMYDIPD38UZ17 Booking Holdings, Inc. 09857L108 1519.00000000 NS USD 5510749.72000000 1.754530554432 Long EC CORP US N 1 N N N Astera Labs, Inc. N/A Astera Labs, Inc. 04626A103 7670.00000000 NS USD 569037.30000000 0.181171960293 Long EC CORP US N 1 N N N Synopsys, Inc. QG7T915N9S0NY5UKNE63 Synopsys, Inc. 871607107 18810.00000000 NS USD 10749915.00000000 3.422593164882 Long EC CORP US N 1 N N N MongoDB, Inc. 549300TPTG69WKWE1Z37 MongoDB, Inc. 60937P106 13547.00000000 NS USD 4858496.08000000 1.546863903111 Long EC CORP US N 1 N N N Vicor Corp. 5299005KMQOTR6B51F09 Vicor Corp. 925815102 28695.00000000 NS USD 1097296.80000000 0.349360950996 Long EC CORP US N 1 N N N Lam Research Corp. 549300I4GMO6D34U1T02 Lam Research Corp. 512807108 8983.00000000 NS USD 8727613.31000000 2.778726125792 Long EC CORP US N 1 N N N Rambus, Inc. 2549000211GDCQSLV833 Rambus, Inc. 750917106 43061.00000000 NS USD 2661600.41000000 0.847409060528 Long EC CORP US N 1 N N N Salesforce, Inc. RCGZFPDMRW58VJ54VR07 Salesforce, Inc. 79466L302 30029.00000000 NS USD 9044134.22000000 2.879501090348 Long EC CORP US N 1 N N N Workday, Inc. 549300J0DYC0N31V7G13 Workday, Inc., Class A 98138H101 22366.00000000 NS USD 6100326.50000000 1.942241941676 Long EC CORP US N 1 N N N Monolithic Power Systems, Inc. 529900TB7O85LSZ1XU31 Monolithic Power Systems, Inc. 609839105 7790.00000000 NS USD 5277101.80000000 1.680140964004 Long EC CORP US N 1 N N N Palo Alto Networks, Inc. 549300QXR2YVZV231H43 Palo Alto Networks, Inc. 697435105 7109.00000000 NS USD 2019880.17000000 0.643096067617 Long EC CORP US N 1 N N N Equinix, Inc. 549300EVUN2BTLJ3GT74 Equinix, Inc. 29444U700 1268.00000000 NS USD 1046518.44000000 0.333193970340 Long EC CORP US N 1 N N N 2024-04-30 J.P. Morgan Exchange-Traded Fund Trust Timothy J. Clemens Timothy J. Clemens Treasurer and Principal Financial Officer XXXX NPORT-EX 2 JPMUSTETF.htm PART F EDGAR HTML
JPMorgan U.S. Tech Leaders ETF
Schedule of Portfolio Investments as of March 31, 2024
(Unaudited) 
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.
JPMorgan U.S. Tech Leaders ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited)
 
INVESTMENTS
SHARES
VALUE($)
Common Stocks — 99.0%
Automobiles — 1.2%
Tesla, Inc. *
21,231
3,732,197
Banks — 0.9%
NU Holdings Ltd., Class A (Brazil) *
235,260
2,806,652
Broadline Retail — 5.1%
Amazon.com, Inc. *
67,772
12,224,713
MercadoLibre, Inc. (Brazil) *
2,484
3,755,709
 
 
15,980,422
Capital Markets — 1.2%
Robinhood Markets, Inc., Class A *
187,513
3,774,637
Communications Equipment — 1.2%
Arista Networks, Inc. *
13,206
3,829,476
Electrical Equipment — 0.3%
Vicor Corp. *
28,846
1,103,071
Electronic Equipment, Instruments & Components — 0.7%
Jabil, Inc.
16,448
2,203,210
Entertainment — 5.0%
Netflix, Inc. *
18,123
11,006,642
Take-Two Interactive Software, Inc. *
31,556
4,685,750
 
 
15,692,392
Ground Transportation — 2.6%
Uber Technologies, Inc. *
107,504
8,276,733
Health Care Technology — 1.6%
Veeva Systems, Inc., Class A *
22,174
5,137,494
Hotels, Restaurants & Leisure — 1.8%
Booking Holdings, Inc.
1,527
5,539,773
Interactive Media & Services — 8.4%
Alphabet, Inc., Class C *
63,244
9,629,531
Meta Platforms, Inc., Class A
35,003
16,996,757
 
 
26,626,288
IT Services — 5.5%
MongoDB, Inc. *
13,618
4,883,959
Shopify, Inc., Class A (Canada) *
102,781
7,931,610
Snowflake, Inc., Class A *
28,077
4,537,243
 
 
17,352,812
Media — 1.5%
Trade Desk, Inc. (The), Class A *
54,624
4,775,230
Semiconductors & Semiconductor Equipment — 28.6%
Advanced Micro Devices, Inc. *
67,674
12,214,480
ASML Holding NV (Registered), NYRS (Netherlands)
4,407
4,276,861
Astera Labs, Inc. *
7,710
572,005
Axcelis Technologies, Inc. *
5,920
660,198
Broadcom, Inc.
4,258
5,643,596
Credo Technology Group Holding Ltd. *
146,359
3,101,347
JPMorgan U.S. Tech Leaders ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited) (continued)
INVESTMENTS
SHARES
VALUE($)
Common Stocks — continued
Semiconductors & Semiconductor Equipment — continued
Entegris, Inc.
28,011
3,936,666
Lam Research Corp.
9,030
8,773,277
Marvell Technology, Inc.
56,752
4,022,582
Micron Technology, Inc.
60,594
7,143,427
MKS Instruments, Inc.
17,418
2,316,594
Monolithic Power Systems, Inc.
7,831
5,304,876
NVIDIA Corp.
19,540
17,655,563
Onto Innovation, Inc. *
10,849
1,964,537
Rambus, Inc. *
43,288
2,675,631
Taiwan Semiconductor Manufacturing Co. Ltd., ADR (Taiwan)
49,583
6,745,767
Universal Display Corp.
18,947
3,191,622
 
 
90,199,029
Software — 31.9%
Adobe, Inc. *
12,361
6,237,361
Atlassian Corp., Class A *
16,556
3,230,241
Bill Holdings, Inc. *
33,844
2,325,760
Confluent, Inc., Class A *
147,426
4,499,441
Crowdstrike Holdings, Inc., Class A *
14,220
4,558,790
Datadog, Inc., Class A *
28,613
3,536,567
Elastic NV *
49,054
4,917,173
Gitlab, Inc., Class A *
53,533
3,122,044
HubSpot, Inc. *
10,518
6,590,158
Intuit, Inc.
6,687
4,346,550
Microsoft Corp.
11,277
4,744,459
Oracle Corp.
93,477
11,741,646
Palo Alto Networks, Inc. *
7,146
2,030,393
Procore Technologies, Inc. *
42,045
3,454,838
Salesforce, Inc.
30,187
9,091,721
ServiceNow, Inc. *
9,214
7,024,754
Synopsys, Inc. *
18,909
10,806,493
Unity Software, Inc. *
90,104
2,405,777
Workday, Inc., Class A *
22,484
6,132,511
 
 
100,796,677
Specialized REITs — 0.3%
Equinix, Inc.
1,275
1,052,296
Technology Hardware, Storage & Peripherals — 1.2%
Super Micro Computer, Inc. *
3,815
3,853,264
Total Common Stocks
(Cost $274,796,447)
 
312,731,653
JPMorgan U.S. Tech Leaders ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited) (continued)
INVESTMENTS
SHARES
VALUE($)
Short-Term Investments — 1.0%
Investment Companies — 1.0%
JPMorgan U.S. Government Money Market Fund Class IM Shares, 5.25% (a) (b)
(Cost $3,027,005)
3,027,005
3,027,005
Total Investments — 100.0%
(Cost $277,823,452)
 
315,758,658
Liabilities in Excess of Other Assets — (0.0)% ^
 
(18,757
)
NET ASSETS — 100.0%
 
315,739,901
 
Percentages indicated are based on net assets.
 
Abbreviations
 
ADR
American Depositary Receipt
NYRS
New York Registry Shares
REIT
Real Estate Investment Trust
 
^
Amount rounds to less than 0.1% of net assets.
*
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 March 31, 2024.
 
JPMorgan U.S. Tech Leaders ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (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.
Under Section 2(a)(41) of the Investment Company Act of 1940, the Board is required to determine fair value for securities that do not have readily available market quotations. Under SEC Rule 2a-5 (Good Faith Determinations of Fair Value), the Board may designate the performance of these fair valuation determinations to a valuation designee. The Board has designated the Adviser as the “Valuation Designee” to perform fair valuation determinations for the Funds on behalf of the Board subject to appropriate oversight by the Board. The Adviser, as Valuation Designee, leverages the J.P. Morgan Asset Management Americas Valuation Committee (“AVC”) to help oversee and carry out the policies for the valuation of investments held in the Funds. The Adviser, as Valuation Designee, remains responsible for the valuation determinations.
This oversight by the AVC 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 value (“NAV”) of the Fund is calculated on a valuation date.
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 (“SOI”): 
 
 
 
 
 
 
Level 1
Quoted prices
Level 2
Other significant
observable inputs
Level 3
Significant
unobservable inputs
Total
Total Investments in Securities (a)
$315,758,658
$—
$—
$315,758,658
 
 
(a)
Please refer to the SOI for specifics of portfolio holdings.
B. Investment Transactions with Affiliates— The Fund invested in Underlying Funds advised by the Adviser. An issuer which is under common control with the Fund may be considered an affiliate. The Fund assumes the issuers listed in the table below to be affiliated issuers.
JPMorgan U.S. Tech Leaders ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited) (continued)
The Underlying Funds’ distributions may be reinvested into such Underlying Funds. Reinvestment amounts are included in the purchases at cost amounts in the table below. 
 
For the period ended March 31, 2024
Security Description
Value at
October 4,
2023(a)
Purchases at
Cost
Proceeds from
Sales
Net Realized
Gain (Loss)
Change in
Unrealized
Appreciation/
(Depreciation)
Value at
March 31,
2024
Shares at
March 31,
2024
Dividend
Income
Capital Gain
Distributions
JPMorgan U.S. Government Money Market
Fund Class IM Shares, 5.25%  (b) (c)
$—
$542,025
$542,025
$—
$—
$—
—
$62
$—
JPMorgan U.S. Government Money Market
Fund Class IM Shares, 5.25%  (b) (c)
—
18,254,403
15,227,398
—
—
3,027,005
3,027,005
48,175
—
Total
$—
$18,796,428
$15,769,423
$—
$—
$3,027,005
 
$48,237
$—
 
 
(a)
Commencement of operations was October 4, 2023.
(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 March 31, 2024.