JPMorgan BetaBuilders U.S. Small Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF JULY 31, 2021 (Unaudited)
Investments | Shares | Value ($) | ||||||
COMMON STOCKS — 98.2% |
| |||||||
Aerospace & Defense — 1.1% |
| |||||||
AAR Corp.* | 7,895 | 282,325 | ||||||
Aerojet Rocketdyne Holdings, Inc. | 17,709 | 835,511 | ||||||
AeroVironment, Inc.* | 5,337 | 539,571 | ||||||
Kaman Corp. | 6,612 | 293,242 | ||||||
Kratos Defense & Security Solutions, Inc.* | 29,430 | 800,496 | ||||||
Maxar Technologies, Inc. | 17,081 | 619,528 | ||||||
National Presto Industries, Inc. | 1,240 | 119,635 | ||||||
PAE, Inc.* | 14,826 | 132,248 | ||||||
Parsons Corp.* | 5,599 | 216,233 | ||||||
Virgin Galactic Holdings, Inc.*(a) | 31,470 | 943,785 | ||||||
|
| |||||||
4,782,574 | ||||||||
|
| |||||||
Air Freight & Logistics — 0.4% |
| |||||||
Air Transport Services Group, Inc.* | 14,461 | 349,956 | ||||||
Atlas Air Worldwide Holdings, Inc.* | 6,554 | 438,922 | ||||||
Forward Air Corp. | 6,491 | 574,064 | ||||||
Hub Group, Inc., Class A* | 8,025 | 531,897 | ||||||
|
| |||||||
1,894,839 | ||||||||
|
| |||||||
Airlines — 0.4% |
| |||||||
Hawaiian Holdings, Inc.* | 12,152 | 239,759 | ||||||
SkyWest, Inc.* | 11,968 | 484,584 | ||||||
Spirit Airlines, Inc.* | 25,770 | 695,275 | ||||||
Sun Country Airlines Holdings, Inc.* | 5,299 | 172,164 | ||||||
|
| |||||||
1,591,782 | ||||||||
|
| |||||||
Auto Components — 1.1% |
| |||||||
American Axle & Manufacturing Holdings, Inc.* | 27,098 | 262,580 | ||||||
Dorman Products, Inc.* | 6,784 | 686,201 | ||||||
Gentherm, Inc.* | 7,875 | 653,074 | ||||||
Goodyear Tire & Rubber Co. (The)* | 66,332 | 1,042,076 | ||||||
LCI Industries | 6,007 | 875,941 | ||||||
Patrick Industries, Inc. | 5,312 | 438,930 | ||||||
Veoneer, Inc. (Sweden)*(a) | 22,323 | 699,156 | ||||||
|
| |||||||
4,657,958 | ||||||||
|
| |||||||
Automobiles — 0.4% |
| |||||||
Canoo, Inc.* | 33,872 | 275,379 | ||||||
Fisker, Inc.*(a) | 38,726 | 624,263 | ||||||
Lordstown Motors Corp.*(a) | 25,188 | 157,173 | ||||||
Winnebago Industries, Inc. | 7,987 | 574,026 | ||||||
Workhorse Group, Inc.*(a) | 25,786 | 297,571 | ||||||
|
| |||||||
1,928,412 | ||||||||
|
| |||||||
Banks — 6.7% |
| |||||||
1st Source Corp. | 4,148 | 189,937 | ||||||
Ameris Bancorp | 16,574 | 805,662 | ||||||
Atlantic Union Bankshares Corp. | 18,785 | 666,304 | ||||||
BancFirst Corp. | 4,443 | 246,498 | ||||||
BancorpSouth Bank | 22,935 | 591,723 | ||||||
Banner Corp. | 8,271 | 438,694 | ||||||
Berkshire Hills Bancorp, Inc. | 12,174 | 329,185 | ||||||
Brookline Bancorp, Inc. | 18,589 | 267,124 | ||||||
Cadence BanCorp | 29,646 | 563,274 | ||||||
Cathay General Bancorp | 17,803 | 674,200 | ||||||
Central Pacific Financial Corp. | 6,724 | 172,134 | ||||||
CIT Group, Inc. | 23,546 | 1,135,859 | ||||||
City Holding Co. | 3,728 | 282,060 | ||||||
Columbia Banking System, Inc. | 17,051 | 595,762 | ||||||
Community Bank System, Inc. | 12,808 | 917,565 | ||||||
Community Trust Bancorp, Inc. | 3,599 | 143,096 | ||||||
CVB Financial Corp. | 30,371 | 578,871 | ||||||
Dime Community Bancshares, Inc. | 8,406 | 277,566 | ||||||
Eagle Bancorp, Inc. | 7,601 | 418,283 | ||||||
Eastern Bankshares, Inc. | 44,397 | 810,245 | ||||||
FB Financial Corp. | 7,993 | 302,215 | ||||||
First BanCorp (Puerto Rico) | 51,258 | 621,760 | ||||||
First Busey Corp. | 11,741 | 277,088 | ||||||
First Commonwealth Financial Corp. | 22,871 | 301,211 | ||||||
First Financial Bancorp | 23,126 | 520,335 | ||||||
First Interstate BancSystem, Inc., Class A | 8,206 | 343,996 | ||||||
First Merchants Corp. | 12,929 | 526,598 | ||||||
First Midwest Bancorp, Inc. | 27,177 | 487,555 | ||||||
Fulton Financial Corp. | 38,652 | 592,149 | ||||||
Great Western Bancorp, Inc. | 13,099 | 403,449 | ||||||
Heartland Financial USA, Inc. | 9,324 | 425,361 | ||||||
Hilltop Holdings, Inc. | 15,471 | 490,121 | ||||||
Hope Bancorp, Inc. | 29,371 | 389,166 | ||||||
Independent Bank Corp. | 7,848 | 554,697 | ||||||
Independent Bank Group, Inc. | 8,729 | 608,411 | ||||||
International Bancshares Corp. | 13,256 | 518,044 | ||||||
Live Oak Bancshares, Inc. | 7,393 | 444,985 | ||||||
National Bank Holdings Corp., Class A | 7,315 | 259,390 | ||||||
NBT Bancorp, Inc. | 10,325 | 359,826 | ||||||
OFG Bancorp (Puerto Rico) | 12,274 | 283,529 | ||||||
Old National Bancorp | 39,397 | 633,898 | ||||||
Origin Bancorp, Inc. | 5,189 | 211,089 | ||||||
Pacific Premier Bancorp, Inc. | 22,504 | 854,702 | ||||||
Park National Corp. | 3,382 | 385,244 | ||||||
Renasant Corp. | 13,384 | 470,849 | ||||||
S&T Bancorp, Inc. | 9,355 | 275,505 | ||||||
Sandy Spring Bancorp, Inc. | 11,235 | 467,264 | ||||||
Seacoast Banking Corp. of Florida | 13,141 | 399,355 | ||||||
ServisFirst Bancshares, Inc. | 11,199 | 796,025 | ||||||
Silvergate Capital Corp., Class A* | 4,942 | 508,038 | ||||||
Simmons First National Corp., Class A | 25,758 | 701,133 | ||||||
South State Corp. | 16,892 | 1,162,845 | ||||||
Tompkins Financial Corp. | 2,872 | 220,426 | ||||||
Towne Bank | 15,367 | 458,090 | ||||||
Triumph Bancorp, Inc.* | 5,381 | 412,507 | ||||||
Trustmark Corp. | 15,075 | 452,552 | ||||||
United Community Banks, Inc. | 20,633 | 594,437 | ||||||
Washington Trust Bancorp, Inc. | 4,111 | 200,411 | ||||||
WesBanco, Inc. | 16,001 | 516,512 | ||||||
Westamerica BanCorp | 6,386 | 354,742 | ||||||
|
| |||||||
28,889,552 | ||||||||
|
| |||||||
Beverages — 0.2% |
| |||||||
Coca-Cola Consolidated, Inc. | 1,102 | 439,863 | ||||||
Duckhorn Portfolio, Inc. (The)* | 4,645 | 102,051 | ||||||
MGP Ingredients, Inc. | 3,133 | 186,883 | ||||||
|
| |||||||
728,797 | ||||||||
|
| |||||||
Biotechnology — 7.6% |
| |||||||
4D Molecular Therapeutics, Inc.* | 2,099 | 52,202 | ||||||
Akero Therapeutics, Inc.*(a) | 4,223 | 90,541 | ||||||
Alector, Inc.* | 12,515 | 300,798 | ||||||
Alkermes plc* | 38,139 | 986,656 | ||||||
Allakos, Inc.* | 7,643 | 608,077 | ||||||
Allogene Therapeutics, Inc.* | 15,810 | 347,030 |
JPMorgan BetaBuilders U.S. Small Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF JULY 31, 2021 (Unaudited) (continued)
Investments | Shares | Value ($) | ||||||
Allovir, Inc.* | 4,023 | 77,000 | ||||||
ALX Oncology Holdings, Inc.* | 2,770 | 162,211 | ||||||
Amicus Therapeutics, Inc.* | 63,250 | 587,593 | ||||||
AnaptysBio, Inc.* | 5,074 | 116,601 | ||||||
Annexon, Inc.* | 3,729 | 78,533 | ||||||
Apellis Pharmaceuticals, Inc.* | 13,965 | 893,620 | ||||||
Applied Molecular Transport, Inc.*(a) | 4,188 | 117,390 | ||||||
Arcus Biosciences, Inc.* | 10,633 | 333,983 | ||||||
Arcutis Biotherapeutics, Inc.* | 6,567 | 153,208 | ||||||
Arena Pharmaceuticals, Inc.* | 14,418 | 891,897 | ||||||
Atara Biotherapeutics, Inc.* | 19,986 | 254,822 | ||||||
Avidity Biosciences, Inc.* | 3,936 | 76,004 | ||||||
Beam Therapeutics, Inc.*(a) | 6,989 | 642,988 | ||||||
BioAtla, Inc.* | 2,602 | 106,656 | ||||||
BioCryst Pharmaceuticals, Inc.* | 42,243 | 680,957 | ||||||
Biohaven Pharmaceutical Holding Co. Ltd.* | 13,146 | 1,656,527 | ||||||
Bioxcel Therapeutics, Inc.* | 3,568 | 91,305 | ||||||
Black Diamond Therapeutics, Inc.* | 3,781 | 36,146 | ||||||
Brooklyn ImmunoTherapeutics, Inc.* | 4,868 | 55,933 | ||||||
C4 Therapeutics, Inc.* | 3,386 | 146,072 | ||||||
CareDx, Inc.* | 12,370 | 1,039,575 | ||||||
CEL-SCI Corp.* | 9,728 | 78,116 | ||||||
Cerevel Therapeutics Holdings, Inc.* | 12,100 | 298,144 | ||||||
Coherus Biosciences, Inc.* | 15,850 | 206,843 | ||||||
Cortexyme, Inc.* | 3,166 | 178,911 | ||||||
Cullinan Oncology, Inc.* | 3,106 | 71,221 | ||||||
Deciphera Pharmaceuticals, Inc.* | 9,643 | 294,015 | ||||||
DermTech, Inc.* | 5,781 | 194,588 | ||||||
Design Therapeutics, Inc.* | 2,909 | 45,031 | ||||||
Dicerna Pharmaceuticals, Inc.* | 15,906 | 596,634 | ||||||
Dynavax Technologies Corp.*(a) | 24,242 | 226,420 | ||||||
Dyne Therapeutics, Inc.* | 4,378 | 79,110 | ||||||
Eagle Pharmaceuticals, Inc.* | 2,770 | 128,805 | ||||||
Editas Medicine, Inc.* | 16,127 | 675,076 | ||||||
Emergent BioSolutions, Inc.* | 10,830 | 713,697 | ||||||
Enanta Pharmaceuticals, Inc.* | 4,272 | 180,492 | ||||||
Epizyme, Inc.* | 22,061 | 146,264 | ||||||
Esperion Therapeutics, Inc.* | 6,700 | 103,113 | ||||||
Forma Therapeutics Holdings, Inc.* | 4,841 | 110,810 | ||||||
G1 Therapeutics, Inc.* | 7,702 | 133,322 | ||||||
Generation Bio Co.* | 5,114 | 111,178 | ||||||
Gossamer Bio, Inc.* | 11,371 | 89,376 | ||||||
Heron Therapeutics, Inc.* | 21,787 | 269,287 | ||||||
IGM Biosciences, Inc.* | 1,700 | 115,617 | ||||||
Immunovant, Inc.* | 11,881 | 124,275 | ||||||
Inovio Pharmaceuticals, Inc.* | 49,517 | 415,943 | ||||||
Insmed, Inc.* | 26,976 | 663,610 | ||||||
Instil Bio, Inc.* | 3,979 | 59,884 | ||||||
Intellia Therapeutics, Inc.* | 15,807 | 2,242,223 | ||||||
Intercept Pharmaceuticals, Inc.* | 6,309 | 109,020 | ||||||
Ironwood Pharmaceuticals, Inc.* | 38,505 | 510,961 | ||||||
iTeos Therapeutics, Inc.* | 2,670 | 64,160 | ||||||
Karuna Therapeutics, Inc.* | 4,483 | 512,048 | ||||||
Karyopharm Therapeutics, Inc.* | 15,527 | 129,340 | ||||||
Keros Therapeutics, Inc.* | 2,213 | 81,438 | ||||||
Kinnate Biopharma, Inc.* | 2,997 | 64,675 | ||||||
Kronos Bio, Inc.* | 3,199 | 65,420 | ||||||
Kura Oncology, Inc.* | 15,753 | 298,362 | ||||||
Kymera Therapeutics, Inc.* | 3,310 | 199,196 | ||||||
MacroGenics, Inc.* | 14,275 | 356,304 | ||||||
Madrigal Pharmaceuticals, Inc.* | 2,366 | 206,599 | ||||||
MiMedx Group, Inc.* | 23,415 | 287,068 | ||||||
Molecular Templates, Inc.* | 9,600 | 67,200 | ||||||
Morphic Holding, Inc.* | 3,527 | 203,226 | ||||||
Myovant Sciences Ltd.*(a) | 9,569 | 196,356 | ||||||
Myriad Genetics, Inc.* | 18,318 | 579,398 | ||||||
Nkarta, Inc.* | 3,904 | 123,991 | ||||||
Nurix Therapeutics, Inc.* | 3,164 | 97,261 | ||||||
Ocugen, Inc.*(a) | 47,122 | 316,189 | ||||||
Olema Pharmaceuticals, Inc.* | 2,766 | 64,946 | ||||||
OPKO Health, Inc.* | 103,549 | 356,209 | ||||||
Organogenesis Holdings, Inc.* | 11,890 | 182,393 | ||||||
ORIC Pharmaceuticals, Inc.* | 3,404 | 56,677 | ||||||
Passage Bio, Inc.* | 5,901 | 69,632 | ||||||
PMV Pharmaceuticals, Inc.* | 2,891 | 98,323 | ||||||
Praxis Precision Medicines, Inc.* | 3,736 | 58,282 | ||||||
Precigen, Inc.*(a) | 22,081 | 121,225 | ||||||
Prelude Therapeutics, Inc.* | 2,787 | 89,295 | ||||||
PTC Therapeutics, Inc.* | 16,749 | 641,989 | ||||||
Radius Health, Inc.* | 11,229 | 169,895 | ||||||
REGENXBIO, Inc.* | 8,285 | 267,771 | ||||||
Replimune Group, Inc.* | 6,202 | 202,991 | ||||||
REVOLUTION Medicines, Inc.* | 11,351 | 325,093 | ||||||
Rocket Pharmaceuticals, Inc.* | 10,552 | 377,973 | ||||||
Rubius Therapeutics, Inc.* | 10,403 | 223,560 | ||||||
Sangamo Therapeutics, Inc.* | 28,391 | 271,986 | ||||||
Seres Therapeutics, Inc.* | 13,514 | 95,949 | ||||||
Shattuck Labs, Inc.* | 2,987 | 65,833 | ||||||
Silverback Therapeutics, Inc.*(a) | 2,905 | 87,963 | ||||||
Sorrento Therapeutics, Inc.*(a) | 57,395 | 471,213 | ||||||
SpringWorks Therapeutics, Inc.* | 6,535 | 560,050 | ||||||
Stoke Therapeutics, Inc.* | 4,799 | 137,395 | ||||||
Taysha Gene Therapies, Inc.* | 1,979 | 34,217 | ||||||
TG Therapeutics, Inc.* | 27,579 | 964,989 | ||||||
Turning Point Therapeutics, Inc.* | 10,286 | 656,453 | ||||||
uniQure NV (Netherlands)* | 9,185 | 266,457 | ||||||
Vaxcyte, Inc.* | 4,274 | 92,660 | ||||||
Veracyte, Inc.* | 15,985 | 712,292 | ||||||
Vericel Corp.* | 11,016 | 583,187 | ||||||
Vor BioPharma, Inc.* | 2,469 | 30,912 | ||||||
Xencor, Inc.* | 13,841 | 426,026 | ||||||
Y-mAbs Therapeutics, Inc.* | 6,421 | 212,535 | ||||||
Zentalis Pharmaceuticals, Inc.* | 4,224 | 224,759 | ||||||
|
| |||||||
32,805,672 | ||||||||
|
| |||||||
Building Products — 1.5% |
| |||||||
AAON, Inc. | 9,726 | 604,471 | ||||||
American Woodmark Corp.* | 4,040 | 299,970 | ||||||
Apogee Enterprises, Inc. | 6,129 | 243,137 | ||||||
Cornerstone Building Brands, Inc.* | 10,159 | 170,874 | ||||||
Gibraltar Industries, Inc.* | 7,756 | 579,218 | ||||||
Griffon Corp. | 10,776 | 249,141 | ||||||
Masonite International Corp.* | 5,825 | 659,157 | ||||||
Quanex Building Products Corp. | 7,986 | 198,372 | ||||||
Resideo Technologies, Inc.* | 34,200 | 1,008,900 | ||||||
Simpson Manufacturing Co., Inc. | 10,326 | 1,161,469 | ||||||
UFP Industries, Inc. | 14,698 | 1,091,474 | ||||||
View, Inc.* | 14,446 | 87,976 | ||||||
|
| |||||||
6,354,159 | ||||||||
|
| |||||||
Capital Markets — 1.8% |
| |||||||
AssetMark Financial Holdings, Inc.* | 4,010 | 104,661 | ||||||
BGC Partners, Inc., Class A | 80,465 | 430,488 |
JPMorgan BetaBuilders U.S. Small Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF JULY 31, 2021 (Unaudited) (continued)
Investments | Shares | Value ($) | ||||||
Blucora, Inc.* | 11,507 | 194,008 | ||||||
Brightsphere Investment Group, Inc. | 14,147 | 353,534 | ||||||
Cohen & Steers, Inc. | 5,618 | 467,474 | ||||||
Cowen, Inc., Class A | 6,387 | 255,352 | ||||||
Diamond Hill Investment Group, Inc. | 694 | 119,542 | ||||||
Focus Financial Partners, Inc., Class A* | 11,931 | 612,418 | ||||||
Freedom Holding Corp. (Kazakhstan)* | 3,750 | 236,512 | ||||||
Hamilton Lane, Inc., Class A | 7,679 | 714,147 | ||||||
Houlihan Lokey, Inc. | 12,220 | 1,088,802 | ||||||
Moelis & Co., Class A | 14,580 | 863,865 | ||||||
Piper Sandler Cos. | 3,429 | 420,704 | ||||||
PJT Partners, Inc., Class A | 5,849 | 457,216 | ||||||
StepStone Group, Inc., Class A | 6,460 | 293,995 | ||||||
Virtu Financial, Inc., Class A | 18,753 | 482,702 | ||||||
Virtus Investment Partners, Inc. | 1,706 | 471,078 | ||||||
WisdomTree Investments, Inc. | 26,669 | 164,814 | ||||||
|
| |||||||
7,731,312 | ||||||||
|
| |||||||
Chemicals — 2.2% |
| |||||||
American Vanguard Corp. | 6,447 | 106,440 | ||||||
Balchem Corp. | 7,711 | 1,040,137 | ||||||
Chemours Co. (The) | 39,349 | 1,308,354 | ||||||
Danimer Scientific, Inc.* | 14,845 | 247,615 | ||||||
Ferro Corp.* | 19,643 | 408,574 | ||||||
FutureFuel Corp. | 6,135 | 52,148 | ||||||
GCP Applied Technologies, Inc.* | 11,503 | 267,445 | ||||||
HB Fuller Co. | 12,423 | 802,774 | ||||||
Innospec, Inc. | 5,850 | 517,433 | ||||||
Koppers Holdings, Inc.* | 5,050 | 155,085 | ||||||
Kraton Corp.* | 7,643 | 291,886 | ||||||
Kronos Worldwide, Inc. | 5,222 | 72,638 | ||||||
Livent Corp.* | 37,935 | 740,112 | ||||||
Minerals Technologies, Inc. | 8,017 | 643,124 | ||||||
PQ Group Holdings, Inc. | 12,365 | 192,399 | ||||||
PureCycle Technologies, Inc.* | 17,574 | 260,271 | ||||||
Quaker Chemical Corp. | 3,146 | 791,974 | ||||||
Stepan Co. | 5,084 | 599,658 | ||||||
Tredegar Corp. | 6,163 | 80,550 | ||||||
Trinseo SA | 9,212 | 500,764 | ||||||
Tronox Holdings plc, Class A | 26,235 | 483,511 | ||||||
|
| |||||||
9,562,892 | ||||||||
|
| |||||||
Commercial Services & Supplies — 1.8% |
| |||||||
ABM Industries, Inc. | 15,949 | 741,469 | ||||||
ACCO Brands Corp. | 22,698 | 202,920 | ||||||
Brady Corp., Class A | 11,532 | 630,570 | ||||||
BrightView Holdings, Inc.* | 7,249 | 116,201 | ||||||
Casella Waste Systems, Inc., Class A* | 11,378 | 782,579 | ||||||
CoreCivic, Inc., REIT* | 28,588 | 293,885 | ||||||
Covanta Holding Corp. | 28,135 | 565,514 | ||||||
Deluxe Corp. | 10,035 | 440,536 | ||||||
Harsco Corp.* | 18,821 | 378,679 | ||||||
Herman Miller, Inc. | 17,543 | 756,980 | ||||||
HNI Corp. | 10,354 | 386,204 | ||||||
Interface, Inc. | 14,031 | 202,327 | ||||||
Matthews International Corp., Class A | 7,523 | 260,296 | ||||||
Pitney Bowes, Inc. | 41,719 | 333,752 | ||||||
Steelcase, Inc., Class A | 21,403 | 294,291 | ||||||
UniFirst Corp. | 3,625 | 789,416 | ||||||
US Ecology, Inc.* | 7,490 | 262,150 | ||||||
Viad Corp.* | 4,867 | 223,152 | ||||||
|
| |||||||
7,660,921 | ||||||||
|
| |||||||
Communications Equipment — 0.5% |
| |||||||
ADTRAN, Inc. | 11,503 | 257,782 | ||||||
Calix, Inc.* | 13,451 | 629,238 | ||||||
Cambium Networks Corp.* | 1,314 | 57,882 | ||||||
EchoStar Corp., Class A* | 10,249 | 228,553 | ||||||
Infinera Corp.* | 48,730 | 482,914 | ||||||
NETGEAR, Inc.* | 7,241 | 248,004 | ||||||
Plantronics, Inc.* | 9,051 | 282,301 | ||||||
|
| |||||||
2,186,674 | ||||||||
|
| |||||||
Construction & Engineering — 0.9% |
| |||||||
API Group Corp.*(b) | 36,839 | 844,350 | ||||||
Arcosa, Inc. | 11,451 | 627,057 | ||||||
Comfort Systems USA, Inc. | 8,622 | 644,494 | ||||||
Dycom Industries, Inc.* | 7,313 | 507,522 | ||||||
Fluor Corp.* | 29,900 | 498,134 | ||||||
Granite Construction, Inc. | 10,886 | 418,240 | ||||||
Primoris Services Corp. | 12,004 | 358,920 | ||||||
Tutor Perini Corp.* | 9,684 | 136,254 | ||||||
|
| |||||||
4,034,971 | ||||||||
|
| |||||||
Construction Materials — 0.2% |
| |||||||
Summit Materials, Inc., Class A* | 27,900 | 937,440 | ||||||
|
| |||||||
Consumer Finance — 0.9% |
| |||||||
Encore Capital Group, Inc.* | 7,374 | 349,085 | ||||||
Enova International, Inc.* | 8,738 | 289,141 | ||||||
Navient Corp. | 42,670 | 871,748 | ||||||
Nelnet, Inc., Class A | 5,011 | 377,328 | ||||||
SoFi Technologies, Inc.* | 110,428 | 1,705,008 | ||||||
World Acceptance Corp.* | 930 | 176,300 | ||||||
|
| |||||||
3,768,610 | ||||||||
|
| |||||||
Containers & Packaging — 0.1% |
| |||||||
Greif, Inc., Class A | 6,308 | 382,391 | ||||||
Pactiv Evergreen, Inc. | 9,683 | 140,113 | ||||||
|
| |||||||
522,504 | ||||||||
|
| |||||||
Distributors — 0.1% |
| |||||||
Core-Mark Holding Co., Inc. | 10,733 | 461,948 | ||||||
|
| |||||||
Diversified Consumer Services — 0.6% |
| |||||||
2U, Inc.* | 17,684 | 767,486 | ||||||
Adtalem Global Education, Inc.* | 11,748 | 426,922 | ||||||
Houghton Mifflin Harcourt Co.* | 30,289 | 342,872 | ||||||
Laureate Education, Inc., Class A* | 25,855 | 382,913 | ||||||
OneSpaWorld Holdings Ltd. (Bahamas)* | 13,064 | 129,072 | ||||||
Strategic Education, Inc. | 5,860 | 464,639 | ||||||
Stride, Inc.* | 9,874 | 302,737 | ||||||
|
| |||||||
2,816,641 | ||||||||
|
| |||||||
Diversified Financial Services — 0.2% |
| |||||||
Cannae Holdings, Inc.* | 20,481 | 680,993 | ||||||
|
| |||||||
Diversified Telecommunication Services — 0.9% |
| |||||||
ATN International, Inc. | 2,613 | 112,490 | ||||||
Bandwidth, Inc., Class A* | 5,435 | 704,702 | ||||||
Cincinnati Bell, Inc.* | 12,098 | 185,583 | ||||||
Cogent Communications Holdings, Inc. | 10,059 | 780,679 | ||||||
Globalstar, Inc.* | 157,613 | 217,506 | ||||||
Iridium Communications, Inc.* | 27,923 | 1,179,188 | ||||||
Liberty Latin America Ltd., Class A (Chile)* | 11,808 | 161,179 | ||||||
Liberty Latin America Ltd., Class C (Chile)* | 36,437 | 503,924 | ||||||
|
| |||||||
3,845,251 | ||||||||
|
|
JPMorgan BetaBuilders U.S. Small Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF JULY 31, 2021 (Unaudited) (continued)
Investments | Shares | Value ($) | ||||||
Electric Utilities — 0.3% |
| |||||||
MGE Energy, Inc. | 8,594 | 671,363 | ||||||
Otter Tail Corp. | 9,873 | 501,450 | ||||||
|
| |||||||
1,172,813 | ||||||||
|
| |||||||
Electrical Equipment — 0.9% |
| |||||||
Atkore, Inc.* | 11,169 | 838,904 | ||||||
AZZ, Inc. | 5,944 | 314,973 | ||||||
Encore Wire Corp. | 4,902 | 384,464 | ||||||
FTC Solar, Inc.* | 4,647 | 47,121 | ||||||
FuelCell Energy, Inc.* | 76,647 | 485,175 | ||||||
Romeo Power, Inc.* | 21,210 | 149,530 | ||||||
Shoals Technologies Group, Inc., Class A* | 22,055 | 641,580 | ||||||
TPI Composites, Inc.* | 7,766 | 303,961 | ||||||
Vicor Corp.* | 5,059 | 584,871 | ||||||
|
| |||||||
3,750,579 | ||||||||
|
| |||||||
Electronic Equipment, Instruments & Components — 2.7% |
| |||||||
908 Devices, Inc.* | 1,622 | 50,687 | ||||||
Advanced Energy Industries, Inc. | 9,130 | 947,238 | ||||||
Aeva Technologies, Inc.* | 21,608 | 189,286 | ||||||
Badger Meter, Inc. | 6,935 | 700,643 | ||||||
Benchmark Electronics, Inc. | 8,514 | 224,770 | ||||||
Fabrinet (Thailand)* | 8,768 | 828,751 | ||||||
FARO Technologies, Inc.* | 4,314 | 314,447 | ||||||
Insight Enterprises, Inc.* | 8,400 | 843,192 | ||||||
Itron, Inc.* | 10,726 | 1,057,798 | ||||||
Knowles Corp.* | 22,059 | 442,062 | ||||||
Methode Electronics, Inc. | 9,137 | 437,023 | ||||||
MicroVision, Inc.* | 37,547 | 517,022 | ||||||
Novanta, Inc.* | 8,415 | 1,181,550 | ||||||
OSI Systems, Inc.* | 3,975 | 397,699 | ||||||
Ouster, Inc.* | 16,503 | 151,663 | ||||||
Plexus Corp.* | 6,801 | 614,266 | ||||||
Rogers Corp.* | 4,450 | 848,170 | ||||||
Sanmina Corp.* | 15,473 | 594,473 | ||||||
ScanSource, Inc.* | 6,056 | 167,085 | ||||||
TTM Technologies, Inc.* | 23,697 | 331,521 | ||||||
Velodyne Lidar, Inc.*(a) | 13,529 | 108,367 | ||||||
Vishay Intertechnology, Inc. | 31,551 | 698,224 | ||||||
|
| |||||||
11,645,937 | ||||||||
|
| |||||||
Energy Equipment & Services — 1.2% |
| |||||||
Archrock, Inc. | 30,765 | 264,887 | ||||||
Cactus, Inc., Class A | 12,946 | 466,574 | ||||||
ChampionX Corp.* | 44,509 | 1,034,389 | ||||||
Core Laboratories NV | 11,005 | 367,127 | ||||||
Dril-Quip, Inc.* | 8,425 | 240,787 | ||||||
Frank’s International NV* | 29,232 | 80,388 | ||||||
Helix Energy Solutions Group, Inc.* | 33,683 | 139,784 | ||||||
Helmerich & Payne, Inc. | 25,645 | 735,242 | ||||||
Liberty Oilfield Services, Inc., Class A* | 20,769 | 211,636 | ||||||
NexTier Oilfield Solutions, Inc.* | 38,423 | 146,776 | ||||||
Oceaneering International, Inc.* | 23,712 | 314,421 | ||||||
Patterson-UTI Energy, Inc. | 44,643 | 358,037 | ||||||
ProPetro Holding Corp.* | 19,450 | 146,847 | ||||||
RPC, Inc.* | 13,846 | 58,153 | ||||||
Transocean Ltd.* | 137,943 | 497,974 | ||||||
|
| |||||||
5,063,022 | ||||||||
|
| |||||||
Entertainment — 0.6% |
| |||||||
Cinemark Holdings, Inc.*(a) | 25,858 | 401,575 | ||||||
IMAX Corp.* | 11,712 | 189,032 | ||||||
Liberty Media Corp.-Liberty Braves, Class C* | 8,569 | 226,650 | ||||||
Madison Square Garden Entertainment Corp.* | 5,970 | 417,661 | ||||||
Warner Music Group Corp., Class A | 22,239 | 840,412 | ||||||
World Wrestling Entertainment, Inc., Class A | 10,756 | 531,131 | ||||||
|
| |||||||
2,606,461 | ||||||||
|
| |||||||
Equity Real Estate Investment Trusts (REITs) — 6.6% |
| |||||||
Acadia Realty Trust | 20,516 | 439,042 | ||||||
Agree Realty Corp. | 16,200 | 1,217,430 | ||||||
Alexander & Baldwin, Inc. | 17,213 | 344,604 | ||||||
Alexander’s, Inc. | 511 | 142,487 | ||||||
American Assets Trust, Inc. | 11,933 | 440,686 | ||||||
American Finance Trust, Inc. | 25,873 | 219,144 | ||||||
Apartment Income REIT Corp. | 37,279 | 1,962,367 | ||||||
Apartment Investment and Management Co., Class A | 35,673 | 248,284 | ||||||
Brandywine Realty Trust | 40,619 | 567,041 | ||||||
Broadstone Net Lease, Inc. | 37,039 | 963,755 | ||||||
CareTrust REIT, Inc. | 23,004 | 554,856 | ||||||
Centerspace | 3,088 | 277,920 | ||||||
Columbia Property Trust, Inc. | 27,309 | 455,241 | ||||||
Corporate Office Properties Trust | 26,699 | 786,019 | ||||||
DiamondRock Hospitality Co.* | 49,982 | 430,345 | ||||||
Diversified Healthcare Trust | 56,642 | 220,904 | ||||||
Easterly Government Properties, Inc. | 19,938 | 452,593 | ||||||
Empire State Realty Trust, Inc., Class A | 33,515 | 383,076 | ||||||
Essential Properties Realty Trust, Inc. | 27,931 | 832,344 | ||||||
Four Corners Property Trust, Inc. | 18,107 | 519,852 | ||||||
Franklin Street Properties Corp. | 22,960 | 119,851 | ||||||
GEO Group, Inc. (The)(a) | 28,916 | 200,099 | ||||||
Getty Realty Corp. | 8,864 | 280,014 | ||||||
Global Net Lease, Inc. | 22,675 | 418,807 | ||||||
Independence Realty Trust, Inc. | 24,280 | 468,118 | ||||||
Industrial Logistics Properties Trust | 15,520 | 420,592 | ||||||
Innovative Industrial Properties, Inc. | 5,685 | 1,222,218 | ||||||
iStar, Inc. | 17,406 | 421,747 | ||||||
Kite Realty Group Trust | 20,080 | 404,813 | ||||||
Lexington Realty Trust | 65,997 | 867,860 | ||||||
LTC Properties, Inc. | 9,356 | 354,125 | ||||||
Macerich Co. (The) | 39,762 | 648,121 | ||||||
Mack-Cali Realty Corp.* | 20,490 | 368,820 | ||||||
Monmouth Real Estate Investment Corp. | 23,370 | 444,965 | ||||||
National Storage Affiliates Trust | 18,472 | 1,000,628 | ||||||
Office Properties Income Trust | 11,485 | 332,835 | ||||||
Physicians Realty Trust | 51,225 | 970,714 | ||||||
PotlatchDeltic Corp. | 15,938 | 827,820 | ||||||
QTS Realty Trust, Inc., Class A | 16,346 | 1,270,248 | ||||||
Retail Opportunity Investments Corp. | 28,235 | 498,912 | ||||||
Retail Properties of America, Inc., Class A | 51,047 | 643,703 | ||||||
RPT Realty | 19,290 | 245,755 | ||||||
Safehold, Inc. | 3,420 | 308,894 | ||||||
Saul Centers, Inc. | 3,076 | 140,266 | ||||||
Seritage Growth Properties, Class A* | 9,449 | 149,956 |
JPMorgan BetaBuilders U.S. Small Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF JULY 31, 2021 (Unaudited) (continued)
Investments | Shares | Value ($) | ||||||
Service Properties Trust | 39,180 | 436,073 | ||||||
Summit Hotel Properties, Inc.* | 25,228 | 227,304 | ||||||
Tanger Factory Outlet Centers, Inc. | 23,962 | 411,427 | ||||||
Terreno Realty Corp. | 16,535 | 1,130,333 | ||||||
Universal Health Realty Income Trust | 3,041 | 181,700 | ||||||
Urban Edge Properties | 26,148 | 496,812 | ||||||
Urstadt Biddle Properties, Inc., Class A | 7,156 | 136,465 | ||||||
Washington | 20,110 | 488,472 | ||||||
Xenia Hotels & Resorts, Inc.* | 27,056 | 478,350 | ||||||
|
| |||||||
28,474,807 | ||||||||
|
| |||||||
Food & Staples Retailing — 0.4% |
| |||||||
Andersons, Inc. (The) | 7,444 | 198,755 | ||||||
Grocery Outlet Holding Corp.* | 20,705 | 685,750 | ||||||
Rite Aid Corp.* | 13,097 | 199,074 | ||||||
SpartanNash Co. | 8,612 | 167,503 | ||||||
United Natural Foods, Inc.* | 13,380 | 443,146 | ||||||
Weis Markets, Inc. | 3,903 | 205,493 | ||||||
|
| |||||||
1,899,721 | ||||||||
|
| |||||||
Food Products — 1.1% |
| |||||||
AppHarvest, Inc.*(a) | 14,540 | 173,317 | ||||||
B&G Foods, Inc.(a) | 15,394 | 442,116 | ||||||
Calavo Growers, Inc. | 3,956 | 222,881 | ||||||
Cal-Maine Foods, Inc. | 8,898 | 310,451 | ||||||
Fresh Del Monte Produce, Inc. | 7,227 | 223,025 | ||||||
Hostess Brands, Inc.* | 31,209 | 502,153 | ||||||
J&J Snack Foods Corp. | 3,571 | 587,001 | ||||||
Sanderson Farms, Inc. | 4,726 | 883,006 | ||||||
Simply Good Foods Co. (The)* | 20,030 | 750,724 | ||||||
Tattooed Chef, Inc.* | 9,062 | 178,703 | ||||||
Tootsie Roll Industries, Inc. | 4,186 | 143,957 | ||||||
Utz Brands, Inc. | 12,918 | 292,463 | ||||||
Vital Farms, Inc.* | 3,706 | 64,521 | ||||||
|
| |||||||
4,774,318 | ||||||||
|
| |||||||
Gas Utilities — 0.4% |
| |||||||
Chesapeake Utilities Corp. | 4,170 | 519,540 | ||||||
Northwest Natural Holding Co. | 7,284 | 380,880 | ||||||
South Jersey Industries, Inc. | 26,721 | 672,568 | ||||||
|
| |||||||
1,572,988 | ||||||||
|
| |||||||
Health Care Equipment & Supplies — 2.8% |
| |||||||
AtriCure, Inc.* | 10,849 | 916,307 | ||||||
Atrion Corp. | 333 | 209,437 | ||||||
Avanos Medical, Inc.* | 11,428 | 433,578 | ||||||
Axogen, Inc.* | 8,481 | 172,758 | ||||||
Axonics, Inc.* | 8,204 | 557,462 | ||||||
BioLife Solutions, Inc.* | 7,488 | 351,187 | ||||||
Butterfly Network, Inc.*(a) | 30,570 | 328,322 | ||||||
Cardiovascular Systems, Inc.* | 9,548 | 384,689 | ||||||
CONMED Corp. | 6,916 | 953,993 | ||||||
CryoPort, Inc.* | 10,861 | 670,341 | ||||||
Eargo, Inc.* | 2,483 | 89,388 | ||||||
Establishment Labs Holdings, Inc. (Costa Rica)* | 5,122 | 406,123 | ||||||
Glaukos Corp.* | 10,999 | 560,949 | ||||||
Inogen, Inc.* | 4,422 | 352,743 | ||||||
Integer Holdings Corp.* | 7,835 | 766,968 | ||||||
Meridian Bioscience, Inc.* | 10,303 | 211,212 | ||||||
Merit Medical Systems, Inc.* | 11,714 | 821,034 | ||||||
Natus Medical, Inc.* | 8,097 | 216,190 | ||||||
Neogen Corp.* | 25,531 | 1,112,130 | ||||||
Orthofix Medical, Inc.* | 4,646 | 184,632 | ||||||
Outset Medical, Inc.* | 4,703 | 192,635 | ||||||
Pulmonx Corp.* | 2,496 | 98,991 | ||||||
Shockwave Medical, Inc.* | 7,564 | 1,376,648 | ||||||
Silk Road Medical, Inc.* | 8,199 | 411,426 | ||||||
SmileDirectClub, Inc.*(a) | 21,081 | 148,832 | ||||||
Treace Medical Concepts, Inc.* | 2,756 | 83,397 | ||||||
Varex Imaging Corp.* | 9,341 | 255,009 | ||||||
|
| |||||||
12,266,381 | ||||||||
|
| |||||||
Health Care Providers & Services — 2.8% |
| |||||||
Accolade, Inc.* | 3,908 | 182,933 | ||||||
AdaptHealth Corp.* | 22,732 | 508,970 | ||||||
Addus HomeCare Corp.* | 3,587 | 311,316 | ||||||
AMN Healthcare Services, Inc.* | 11,232 | 1,129,490 | ||||||
Apria, Inc.* | 1,763 | 55,587 | ||||||
Aveanna Healthcare Holdings, Inc.* | 9,197 | 95,097 | ||||||
Brookdale Senior Living, Inc.* | 44,014 | 330,985 | ||||||
Castle Biosciences, Inc.* | 4,411 | 308,108 | ||||||
Clover Health Investments Corp.* | 26,434 | 213,322 | ||||||
Community Health Systems, Inc.* | 29,528 | 393,313 | ||||||
CorVel Corp.* | 2,163 | 304,594 | ||||||
Covetrus, Inc.* | 23,702 | 603,453 | ||||||
Ensign Group, Inc. (The) | 12,284 | 1,045,000 | ||||||
Fulgent Genetics, Inc.* | 4,207 | 388,096 | ||||||
Hanger, Inc.* | 9,158 | 224,737 | ||||||
Hims & Hers Health, Inc.* | 15,697 | 124,163 | ||||||
Magellan Health, Inc.* | 5,535 | 522,061 | ||||||
MEDNAX, Inc.* | 20,490 | 596,669 | ||||||
ModivCare, Inc.* | 2,900 | 493,000 | ||||||
National HealthCare Corp. | 2,927 | 227,282 | ||||||
National Research Corp. | 3,205 | 169,160 | ||||||
Option Care Health, Inc.* | 24,370 | 504,946 | ||||||
Owens & Minor, Inc. | 17,863 | 826,164 | ||||||
Progyny, Inc.* | 8,837 | 492,133 | ||||||
Select Medical Holdings Corp. | 25,640 | 1,011,498 | ||||||
Surgery Partners, Inc.* | 7,254 | 395,778 | ||||||
Tivity Health, Inc.* | 9,013 | 226,046 | ||||||
Triple-S Management Corp. (Puerto Rico)* | 5,628 | 136,929 | ||||||
US Physical Therapy, Inc. | 3,062 | 361,806 | ||||||
|
| |||||||
12,182,636 | ||||||||
|
| |||||||
Health Care Technology — 1.2% |
| |||||||
Allscripts Healthcare Solutions, Inc.* | 33,556 | 573,136 | ||||||
Evolent Health, Inc., Class A* | 18,808 | 431,456 | ||||||
GoodRx Holdings, Inc., Class A*(a) | 14,882 | 477,266 | ||||||
Health Catalyst, Inc.* | 7,939 | 460,938 | ||||||
Inovalon Holdings, Inc., Class A* | 18,493 | 700,515 | ||||||
NextGen Healthcare, Inc.* | 13,228 | 214,558 | ||||||
Omnicell, Inc.* | 10,270 | 1,504,555 | ||||||
Phreesia, Inc.* | 8,762 | 598,883 | ||||||
Tabula Rasa HealthCare, Inc.* | 5,373 | 230,824 | ||||||
|
| |||||||
5,192,131 | ||||||||
|
| |||||||
Hotels, Restaurants & Leisure — 1.6% |
| |||||||
Bally’s Corp.* | 7,068 | 348,099 | ||||||
BJ’s Restaurants, Inc.* | 5,526 | 224,245 | ||||||
Bloomin’ Brands, Inc.* | 19,233 | 483,325 | ||||||
Brinker International, Inc.* | 10,877 | 591,056 | ||||||
Cheesecake Factory, Inc. (The)* | 10,964 | 496,231 | ||||||
Dave & Buster’s Entertainment, Inc.* | 11,361 | 378,094 | ||||||
Dine Brands Global, Inc.* | 4,076 | 315,768 | ||||||
El Pollo Loco Holdings, Inc.* | 4,509 | 83,913 | ||||||
Papa John’s International, Inc. | 7,867 | 897,782 | ||||||
Red Rock Resorts, Inc., Class A* | 15,518 | 611,409 |
JPMorgan BetaBuilders U.S. Small Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF JULY 31, 2021 (Unaudited) (continued)
Investments | Shares | Value ($) | ||||||
SeaWorld Entertainment, Inc.* | 12,217 | 579,208 | ||||||
Shake Shack, Inc., Class A* | 8,641 | 868,766 | ||||||
Wingstop, Inc. | 7,072 | 1,211,504 | ||||||
|
| |||||||
7,089,400 | ||||||||
|
| |||||||
Household Durables — 2.7% |
| |||||||
Cavco Industries, Inc.* | 2,032 | 477,520 | ||||||
Century Communities, Inc. | 6,973 | 484,275 | ||||||
GoPro, Inc., Class A* | 29,733 | 304,466 | ||||||
Helen of Troy Ltd.* | 5,813 | 1,298,566 | ||||||
Installed Building Products, Inc. | 5,364 | 643,680 | ||||||
iRobot Corp.* | 6,678 | 584,325 | ||||||
KB Home | 21,121 | 896,375 | ||||||
La-Z-Boy, Inc. | 11,003 | 369,481 | ||||||
LGI Homes, Inc.* | 5,219 | 891,927 | ||||||
M/I Homes, Inc.* | 6,937 | 448,893 | ||||||
MDC Holdings, Inc. | 13,199 | 703,771 | ||||||
Meritage Homes Corp.* | 8,998 | 977,003 | ||||||
Purple Innovation, Inc.* | 14,497 | 381,851 | ||||||
Skyline Champion Corp.* | 12,391 | 698,852 | ||||||
Sonos, Inc.* | 23,400 | 781,092 | ||||||
Taylor Morrison Home Corp.* | 30,653 | 822,114 | ||||||
Tri Pointe Homes, Inc.* | 28,153 | 679,050 | ||||||
Tupperware Brands Corp.* | 11,804 | 246,586 | ||||||
Vizio Holding Corp., Class A* | 2,834 | 62,433 | ||||||
Vuzix Corp.* | 13,343 | 197,476 | ||||||
|
| |||||||
11,949,736 | ||||||||
|
| |||||||
Household Products — 0.3% |
| |||||||
Central Garden & Pet Co.* | 2,320 | 112,033 | ||||||
Central Garden & Pet Co., Class A* | 9,433 | 408,543 | ||||||
WD-40 Co. | 3,257 | 791,418 | ||||||
|
| |||||||
1,311,994 | ||||||||
|
| |||||||
Independent Power and Renewable Electricity Producers — 0.3% |
| |||||||
Clearway Energy, Inc. | 7,484 | 201,694 | ||||||
Clearway Energy, Inc., Class C | 18,272 | 524,041 | ||||||
Sunnova Energy International, Inc.* | 15,438 | 588,188 | ||||||
|
| |||||||
1,313,923 | ||||||||
|
| |||||||
Industrial Conglomerates — 0.1% |
| |||||||
Raven Industries, Inc.* | 8,538 | 497,339 | ||||||
|
| |||||||
Insurance — 1.7% |
| |||||||
Ambac Financial Group, Inc.* | 10,980 | 159,430 | ||||||
American Equity Investment Life Holding Co. | 20,419 | 655,246 | ||||||
AMERISAFE, Inc. | 4,593 | 262,720 | ||||||
Argo Group International Holdings Ltd. | 8,273 | 431,271 | ||||||
BRP Group, Inc., Class A* | 11,079 | 302,014 | ||||||
eHealth, Inc.* | 6,210 | 322,982 | ||||||
Employers Holdings, Inc. | 6,776 | 281,339 | ||||||
Genworth Financial, Inc., Class A* | 120,478 | 402,397 | ||||||
GoHealth, Inc., Class A* | 12,126 | 106,709 | ||||||
Goosehead Insurance, Inc., Class A | 3,991 | 479,678 | ||||||
Horace Mann Educators Corp. | 9,861 | 392,566 | ||||||
James River Group Holdings Ltd. | 8,858 | 322,254 | ||||||
Kinsale Capital Group, Inc. | 5,096 | 910,375 | ||||||
MetroMile, Inc.* | 16,781 | 118,977 | ||||||
Palomar Holdings, Inc.* | 5,167 | 420,749 | ||||||
ProAssurance Corp. | 12,824 | 260,071 | ||||||
Root, Inc., Class A* | 12,806 | 97,710 | ||||||
Safety Insurance Group, Inc. | 3,386 | 259,435 | ||||||
SiriusPoint Ltd. (Bermuda)* | 18,055 | 176,939 | ||||||
Trupanion, Inc.* | 7,998 | 919,930 | ||||||
United Fire Group, Inc. | 5,133 | 127,914 | ||||||
|
| |||||||
7,410,706 | ||||||||
|
| |||||||
Interactive Media & Services — 0.6% |
| |||||||
Angi, Inc.* | 19,601 | 225,608 | ||||||
Cars.com, Inc.* | 16,315 | 197,085 | ||||||
Eventbrite, Inc., Class A* | 17,803 | 316,359 | ||||||
fuboTV, Inc.* | 22,703 | 591,186 | ||||||
MediaAlpha, Inc., Class A* | 5,236 | 174,883 | ||||||
ZoomInfo Technologies, Inc., Class A* | 24,531 | 1,318,541 | ||||||
|
| |||||||
2,823,662 | ||||||||
|
| |||||||
Internet & Direct Marketing Retail — 0.8% |
| |||||||
Groupon, Inc.* | 5,472 | 199,017 | ||||||
Overstock.com, Inc.* | 10,220 | 711,721 | ||||||
Porch Group, Inc.* | 17,837 | 330,519 | ||||||
Quotient Technology, Inc.* | 18,866 | 204,885 | ||||||
RealReal, Inc. (The)* | 14,457 | 238,685 | ||||||
Revolve Group, Inc.* | 8,505 | 592,033 | ||||||
Shutterstock, Inc. | 5,301 | 575,105 | ||||||
Stitch Fix, Inc., Class A* | 15,228 | 821,094 | ||||||
|
| |||||||
3,673,059 | ||||||||
|
| |||||||
IT Services — 1.7% |
| |||||||
Cass Information Systems, Inc. | 2,843 | 125,348 | ||||||
Conduent, Inc.* | 40,898 | 274,426 | ||||||
CSG Systems International, Inc. | 7,815 | 354,488 | ||||||
EVERTEC, Inc. (Puerto Rico) | 14,234 | 622,026 | ||||||
ExlService Holdings, Inc.* | 7,954 | 900,552 | ||||||
Paya Holdings, Inc.* | 13,554 | 155,735 | ||||||
Perficient, Inc.* | 7,852 | 740,365 | ||||||
Repay Holdings Corp.* | 17,980 | 447,882 | ||||||
Sabre Corp.* | 75,939 | 895,321 | ||||||
Shift4 Payments, Inc., Class A* | 9,236 | 823,759 | ||||||
Switch, Inc., Class A | 21,478 | 443,735 | ||||||
Sykes Enterprises, Inc.* | 9,460 | 507,624 | ||||||
TTEC Holdings, Inc. | 4,338 | 453,321 | ||||||
Unisys Corp.* | 15,933 | 356,102 | ||||||
Verra Mobility Corp.* | 32,422 | 496,381 | ||||||
|
| |||||||
7,597,065 | ||||||||
|
| |||||||
Leisure Products — 0.6% |
| |||||||
Acushnet Holdings Corp. | 8,095 | 414,707 | ||||||
Callaway Golf Co.* | 27,657 | 876,174 | ||||||
Latham Group, Inc.* | 4,864 | 132,690 | ||||||
Smith & Wesson Brands, Inc. | 12,662 | 296,924 | ||||||
Sturm Ruger & Co., Inc. | 4,182 | 310,973 | ||||||
Vista Outdoor, Inc.* | 13,731 | 554,595 | ||||||
|
| |||||||
2,586,063 | ||||||||
|
| |||||||
Life Sciences Tools & Services — 1.3% |
| |||||||
Bionano Genomics, Inc.* | 66,287 | 393,082 | ||||||
Medpace Holdings, Inc.* | 6,586 | 1,158,741 | ||||||
NanoString Technologies, Inc.* | 10,744 | 665,483 | ||||||
NeoGenomics, Inc.* | 28,030 | 1,292,183 | ||||||
Pacific Biosciences of California, Inc.* | 47,155 | 1,516,033 | ||||||
Personalis, Inc.* | 6,578 | 138,072 | ||||||
Quanterix Corp.* | 6,476 | 344,200 | ||||||
Seer, Inc.* | 3,099 | 98,982 | ||||||
|
| |||||||
5,606,776 | ||||||||
|
| |||||||
Machinery — 4.8% |
| |||||||
Alamo Group, Inc. | 2,354 | 345,497 | ||||||
Albany International Corp., Class A | 7,295 | 629,923 |
JPMorgan BetaBuilders U.S. Small Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF JULY 31, 2021 (Unaudited) (continued)
Investments | Shares | Value ($) | ||||||
Altra Industrial Motion Corp. | 14,475 | 907,293 | ||||||
Astec Industries, Inc. | 5,401 | 331,135 | ||||||
Chart Industries, Inc.* | 8,462 | 1,315,418 | ||||||
Columbus McKinnon Corp. | 6,735 | 312,504 | ||||||
Desktop Metal, Inc., Class A* | 34,655 | 311,895 | ||||||
Enerpac Tool Group Corp. | 14,294 | 366,927 | ||||||
EnPro Industries, Inc. | 4,894 | 455,729 | ||||||
ESCO Technologies, Inc. | 6,188 | 583,962 | ||||||
Evoqua Water Technologies Corp.* | 28,501 | 940,818 | ||||||
Federal Signal Corp. | 14,390 | 569,988 | ||||||
Franklin Electric Co., Inc. | 9,167 | 749,494 | ||||||
Gorman-Rupp Co. (The) | 4,472 | 159,606 | ||||||
Greenbrier Cos., Inc. (The) | 7,800 | 333,840 | ||||||
Helios Technologies, Inc. | 7,277 | 588,345 | ||||||
Hillenbrand, Inc. | 17,886 | 810,236 | ||||||
Hydrofarm Holdings Group, Inc.* | 3,408 | 168,151 | ||||||
Hyster-Yale Materials Handling, Inc. | 2,315 | 165,847 | ||||||
John Bean Technologies Corp. | 7,545 | 1,105,946 | ||||||
Kadant, Inc. | 2,750 | 495,357 | ||||||
Lindsay Corp. | 2,595 | 416,991 | ||||||
Meritor, Inc.* | 17,255 | 419,814 | ||||||
Mueller Industries, Inc. | 13,580 | 589,372 | ||||||
Mueller Water Products, Inc., Class A | 37,687 | 558,521 | ||||||
Omega Flex, Inc. | 699 | 109,617 | ||||||
Proto Labs, Inc.* | 6,584 | 514,803 | ||||||
Rexnord Corp. | 28,460 | 1,603,152 | ||||||
SPX Corp.* | 10,754 | 716,862 | ||||||
SPX FLOW, Inc. | 10,038 | 824,622 | ||||||
Standex International Corp. | 2,915 | 268,180 | ||||||
Tennant Co. | 4,427 | 350,264 | ||||||
Terex Corp. | 16,590 | 794,993 | ||||||
TriMas Corp.* | 10,264 | 335,838 | ||||||
Wabash National Corp. | 12,331 | 180,526 | ||||||
Watts Water Technologies, Inc., Class A | 6,552 | 987,779 | ||||||
Welbilt, Inc.* | 30,697 | 721,072 | ||||||
|
| |||||||
21,040,317 | ||||||||
|
| |||||||
Marine — 0.2% |
| |||||||
Matson, Inc. | 10,327 | 693,148 | ||||||
|
| |||||||
Media — 1.3% |
| |||||||
AMC Networks, Inc., Class A* | 7,302 | 365,392 | ||||||
Cardlytics, Inc.* | 7,812 | 983,999 | ||||||
Clear Channel Outdoor Holdings, Inc.* | 111,928 | 297,728 | ||||||
EW Scripps Co. (The), Class A | 13,717 | 261,720 | ||||||
Gray Television, Inc. | 21,068 | 467,078 | ||||||
iHeartMedia, Inc., Class A* | 26,587 | 687,274 | ||||||
Loral Space & Communications, Inc. (Canada) | 3,052 | 108,010 | ||||||
Meredith Corp.* | 9,647 | 420,995 | ||||||
Scholastic Corp. | 7,147 | 240,211 | ||||||
Sinclair Broadcast Group, Inc., Class A | 11,644 | 329,409 | ||||||
TechTarget, Inc.* | 5,619 | 410,637 | ||||||
TEGNA, Inc. | 52,480 | 929,946 | ||||||
|
| |||||||
5,502,399 | ||||||||
|
| |||||||
Metals & Mining — 1.3% |
| |||||||
Allegheny Technologies, Inc.* | 30,241 | 620,848 | ||||||
Arconic Corp.* | 23,275 | 836,503 | ||||||
Carpenter Technology Corp. | 11,419 | 435,635 | ||||||
Century Aluminum Co.* | 11,992 | 174,603 | ||||||
Coeur Mining, Inc.* | 61,122 | 460,860 | ||||||
Commercial Metals Co. | 28,650 | 939,720 | ||||||
Hecla Mining Co. | 127,314 | 851,731 | ||||||
Kaiser Aluminum Corp. | 3,766 | 458,247 | ||||||
Materion Corp. | 4,847 | 345,882 | ||||||
Schnitzer Steel Industries, Inc., Class A | 6,479 | 339,629 | ||||||
Warrior Met Coal, Inc. | 12,221 | 228,166 | ||||||
|
| |||||||
5,691,824 | ||||||||
|
| |||||||
Mortgage Real Estate Investment Trusts (REITs) — 1.3% |
| |||||||
Apollo Commercial Real Estate Finance, Inc. | 30,593 | 465,625 | ||||||
Arbor Realty Trust, Inc. | 29,419 | 537,779 | ||||||
ARMOUR Residential REIT, Inc. | 16,939 | 176,166 | ||||||
Brightspire Capital, Inc. | 19,126 | 181,888 | ||||||
Broadmark Realty Capital, Inc. | 29,621 | 307,170 | ||||||
Capstead Mortgage Corp. | 23,026 | 146,676 | ||||||
Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 18,699 | 1,062,103 | ||||||
Invesco Mortgage Capital, Inc. | 67,527 | 232,293 | ||||||
KKR Real Estate Finance Trust, Inc. | 6,478 | 138,046 | ||||||
Ladder Capital Corp. | 30,035 | 343,000 | ||||||
MFA Financial, Inc. | 104,899 | 489,878 | ||||||
New York Mortgage Trust, Inc. | 90,161 | 394,004 | ||||||
PennyMac Mortgage Investment Trust | 23,278 | 459,042 | ||||||
Redwood Trust, Inc. | 26,865 | 318,888 | ||||||
TPG RE Finance Trust, Inc. | 14,262 | 187,688 | ||||||
|
| |||||||
5,440,246 | ||||||||
|
| |||||||
Multiline Retail — 0.5% |
| |||||||
Big Lots, Inc. | 7,589 | 437,202 | ||||||
Dillard’s, Inc., Class A | 1,698 | 311,193 | ||||||
Franchise Group, Inc. | 6,397 | 217,242 | ||||||
Macy’s, Inc.* | 74,104 | 1,259,768 | ||||||
|
| |||||||
2,225,405 | ||||||||
|
| |||||||
Multi-Utilities — 0.2% |
| |||||||
NorthWestern Corp. | �� | 12,044 | 746,608 | |||||
|
| |||||||
Oil, Gas & Consumable Fuels — 3.5% |
| |||||||
Antero Midstream Corp. | 68,087 | 646,826 | ||||||
Antero Resources Corp.* | 66,025 | 897,940 | ||||||
Arch Resources, Inc.* | 3,638 | 239,089 | ||||||
Bonanza Creek Energy, Inc. | 4,529 | 174,231 | ||||||
California Resources Corp.* | 18,218 | 512,108 | ||||||
Callon Petroleum Co.* | 10,995 | 432,763 | ||||||
Centennial Resource Development, Inc., Class A* | 43,808 | 228,240 | ||||||
Clean Energy Fuels Corp.* | 27,567 | 207,028 | ||||||
Comstock Resources, Inc.* | 13,261 | 80,627 | ||||||
CVR Energy, Inc. | 6,930 | 94,664 | ||||||
Delek US Holdings, Inc. | 17,213 | 299,162 | ||||||
Denbury, Inc.* | 11,890 | 781,292 | ||||||
EQT Corp.* | 66,345 | 1,220,085 | ||||||
Extraction Oil & Gas, Inc.* | 6,123 | 272,412 | ||||||
Gevo, Inc.* | 44,747 | 272,509 | ||||||
Kosmos Energy Ltd. (Ghana)* | 97,004 | 224,079 | ||||||
Magnolia Oil & Gas Corp., Class A* | 34,631 | 484,834 | ||||||
Matador Resources Co. | 26,095 | 806,335 | ||||||
Murphy Oil Corp. | 34,504 | 749,082 | ||||||
Oasis Petroleum, Inc. | 4,777 | 438,099 | ||||||
Ovintiv, Inc. | 62,053 | 1,592,280 | ||||||
PBF Energy, Inc., Class A* | 22,856 | 209,590 | ||||||
PDC Energy, Inc. | 23,611 | 933,815 |
JPMorgan BetaBuilders U.S. Small Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF JULY 31, 2021 (Unaudited) (continued)
Investments | Shares | Value ($) | ||||||
Range Resources Corp.* | 61,711 | 939,859 | ||||||
Renewable Energy Group, Inc.* | 11,333 | 694,146 | ||||||
SM Energy Co. | 26,043 | 487,004 | ||||||
Southwestern Energy Co.* | 154,500 | 727,695 | ||||||
Whiting Petroleum Corp.* | 9,285 | 435,466 | ||||||
|
| |||||||
15,081,260 | ||||||||
|
| |||||||
Paper & Forest Products — 0.2% |
| |||||||
Glatfelter Corp. | 10,569 | 160,966 | ||||||
Mercer International, Inc. (Germany) | 9,409 | 109,426 | ||||||
Neenah, Inc. | 4,003 | 201,231 | ||||||
Resolute Forest Products, Inc. | 18,804 | 224,520 | ||||||
Schweitzer-Mauduit International, Inc. | 7,466 | 293,638 | ||||||
|
| |||||||
989,781 | ||||||||
|
| |||||||
Personal Products — 0.5% |
| |||||||
Edgewell Personal Care Co. | 12,926 | 531,000 | ||||||
elf Beauty, Inc.* | 9,212 | 254,343 | ||||||
Inter Parfums, Inc. | 4,215 | 324,007 | ||||||
Medifast, Inc. | 2,792 | 797,144 | ||||||
USANA Health Sciences, Inc.* | 2,740 | 261,040 | ||||||
|
| |||||||
2,167,534 | ||||||||
|
| |||||||
Pharmaceuticals — 1.4% |
| |||||||
Aclaris Therapeutics, Inc.* | 10,284 | 153,540 | ||||||
Aerie Pharmaceuticals, Inc.* | 11,148 | 175,915 | ||||||
Amneal Pharmaceuticals, Inc.* | 27,220 | 134,195 | ||||||
Arvinas, Inc.* | 7,800 | 788,580 | ||||||
Atea Pharmaceuticals, Inc.* | 2,950 | 73,868 | ||||||
Cassava Sciences, Inc.* | 8,751 | 608,457 | ||||||
Corcept Therapeutics, Inc.* | 24,954 | 518,295 | ||||||
Edgewise Therapeutics, Inc.* | 2,692 | 47,137 | ||||||
Endo International plc* | 55,457 | 280,612 | ||||||
Innoviva, Inc.* | 14,945 | 211,920 | ||||||
Intra-Cellular Therapies, Inc.* | 16,988 | 583,198 | ||||||
Nektar Therapeutics* | 43,339 | 684,323 | ||||||
NGM Biopharmaceuticals, Inc.* | 5,673 | 115,672 | ||||||
Nuvation Bio, Inc.* | 15,001 | 129,609 | ||||||
Phathom Pharmaceuticals, Inc.* | 3,130 | 100,473 | ||||||
Pliant Therapeutics, Inc.* | 2,216 | 44,763 | ||||||
Relmada Therapeutics, Inc.* | 3,357 | 87,282 | ||||||
Revance Therapeutics, Inc.* | 15,810 | 459,755 | ||||||
Supernus Pharmaceuticals, Inc.* | 12,601 | 331,784 | ||||||
Theravance Biopharma, Inc.* | 12,100 | 157,058 | ||||||
Zogenix, Inc.* | 13,269 | 215,091 | ||||||
|
| |||||||
5,901,527 | ||||||||
|
| |||||||
Professional Services — 1.3% |
| |||||||
CBIZ, Inc.* | 12,637 | 408,681 | ||||||
Exponent, Inc. | 12,394 | 1,327,273 | ||||||
Forrester Research, Inc.* | 2,638 | 123,590 | ||||||
Huron Consulting Group, Inc.* | 5,366 | 263,632 | ||||||
ICF International, Inc. | 4,029 | 368,936 | ||||||
Kelly Services, Inc., Class A* | 7,962 | 174,527 | ||||||
Korn Ferry | 12,836 | 882,347 | ||||||
ManTech International Corp., Class A | 6,515 | 569,802 | ||||||
Skillsoft Corp.*(a) | 16,405 | 142,723 | ||||||
TrueBlue, Inc.* | 8,435 | 229,348 | ||||||
Upwork, Inc.* | 21,888 | 1,133,579 | ||||||
|
| |||||||
5,624,438 | ||||||||
|
| |||||||
Real Estate Management & Development — 0.5% |
| |||||||
Forestar Group, Inc.* | 3,971 | 81,286 | ||||||
Kennedy-Wilson Holdings, Inc. | 29,110 | 587,731 | ||||||
Marcus & Millichap, Inc.* | 5,736 | 228,235 | ||||||
Newmark Group, Inc., Class A | 38,777 | 499,448 | ||||||
RE/MAX Holdings, Inc., Class A | 4,492 | 154,076 | ||||||
Realogy Holdings Corp.* | 27,676 | 490,419 | ||||||
St. Joe Co. (The) | 7,420 | 335,903 | ||||||
|
| |||||||
2,377,098 | ||||||||
|
| |||||||
Road & Rail — 0.6% |
| |||||||
Heartland Express, Inc. | 11,591 | 197,395 | ||||||
Marten Transport Ltd. | 13,967 | 220,958 | ||||||
Saia, Inc.* | 6,256 | 1,413,856 | ||||||
Schneider National, Inc., Class B | 8,765 | 196,686 | ||||||
Werner Enterprises, Inc. | 13,562 | 619,919 | ||||||
|
| |||||||
2,648,814 | ||||||||
|
| |||||||
Semiconductors & Semiconductor Equipment — 2.6% |
| |||||||
ACM Research, Inc., Class A* | 2,461 | 228,529 | ||||||
Ambarella, Inc.* | 8,617 | 848,688 | ||||||
Amkor Technology, Inc. | 25,541 | 629,330 | ||||||
Diodes, Inc.* | 10,077 | 826,314 | ||||||
FormFactor, Inc.* | 18,450 | 687,447 | ||||||
Ichor Holdings Ltd.* | 6,674 | 344,178 | ||||||
Kulicke & Soffa Industries, Inc. (Singapore) | 14,748 | 801,701 | ||||||
MACOM Technology Solutions Holdings, Inc.* | 11,102 | 685,215 | ||||||
MaxLinear, Inc.* | 16,304 | 786,342 | ||||||
Onto Innovation, Inc.* | 11,659 | 817,063 | ||||||
Power Integrations, Inc. | 14,417 | 1,398,305 | ||||||
Rambus, Inc.* | 26,740 | 632,668 | ||||||
Semtech Corp.* | 15,434 | 955,519 | ||||||
SiTime Corp.* | 2,998 | 406,649 | ||||||
SunPower Corp.* | 19,272 | 477,368 | ||||||
Ultra Clean Holdings, Inc.* | 10,411 | 562,298 | ||||||
Veeco Instruments, Inc.* | 11,931 | 276,799 | ||||||
|
| |||||||
11,364,413 | ||||||||
|
| |||||||
Software — 7.4% |
| |||||||
8x8, Inc.* | 26,122 | 667,678 | ||||||
Alarm.com Holdings, Inc.* | 10,760 | 895,447 | ||||||
Altair Engineering, Inc., Class A* | 10,868 | 758,152 | ||||||
Appfolio, Inc., Class A* | 4,181 | 592,030 | ||||||
Appian Corp.*(a) | 9,352 | 1,088,853 | ||||||
Asana, Inc., Class A* | 6,542 | 464,875 | ||||||
Avaya Holdings Corp.* | 18,094 | 438,237 | ||||||
Bottomline Technologies DE, Inc.* | 9,349 | 377,326 | ||||||
Box, Inc., Class A* | 33,210 | 794,383 | ||||||
BTRS Holdings, Inc.* | 15,293 | 179,081 | ||||||
Cerence, Inc.* | 8,992 | 966,730 | ||||||
Cloudera, Inc.* | 53,115 | 842,935 | ||||||
Cornerstone OnDemand, Inc.* | 14,796 | 709,320 | ||||||
E2open Parent Holdings, Inc.*(a) | 29,792 | 299,410 | ||||||
Ebix, Inc. | 5,590 | 168,930 | ||||||
Envestnet, Inc.* | 12,940 | 973,476 | ||||||
Everbridge, Inc.* | 8,955 | 1,264,625 | ||||||
Ideanomics, Inc.*(a) | 71,882 | 170,360 | ||||||
InterDigital, Inc. | 7,311 | 481,722 | ||||||
LivePerson, Inc.* | 15,242 | 970,763 | ||||||
Medallia, Inc.* | 20,540 | 695,690 | ||||||
MicroStrategy, Inc., Class A* | 1,850 | 1,158,119 | ||||||
Mimecast Ltd.* | 14,098 | 783,144 | ||||||
Momentive Global, Inc.* | 29,080 | 610,680 | ||||||
ON24, Inc.*(a) | 2,095 | 76,509 | ||||||
PagerDuty, Inc.* | 13,902 | 564,282 | ||||||
Ping Identity Holding Corp.* | 8,775 | 193,664 | ||||||
Progress Software Corp. | 10,458 | 476,780 |
JPMorgan BetaBuilders U.S. Small Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF JULY 31, 2021 (Unaudited) (continued)
Investments | Shares | Value ($) | ||||||
PROS Holdings, Inc.* | 9,471 | 411,231 | ||||||
Q2 Holdings, Inc.* | 12,579 | 1,299,537 | ||||||
Qualys, Inc.* | 8,001 | 812,582 | ||||||
Rapid7, Inc.* | 13,103 | 1,490,466 | ||||||
Riot Blockchain, Inc.*(a) | 20,001 | 659,033 | ||||||
SailPoint Technologies Holding, Inc.* | 21,943 | 1,096,931 | ||||||
Sprout Social, Inc., Class A* | 6,768 | 601,269 | ||||||
SPS Commerce, Inc.* | 8,525 | 928,799 | ||||||
Sumo Logic, Inc.* | 3,785 | 78,160 | ||||||
Telos Corp.* | 5,869 | 164,449 | ||||||
Tenable Holdings, Inc.* | 16,313 | 698,196 | ||||||
Teradata Corp.* | 26,055 | 1,293,891 | ||||||
Varonis Systems, Inc.* | 25,236 | 1,544,443 | ||||||
Vonage Holdings Corp.* | 56,173 | 801,027 | ||||||
Workiva, Inc.* | 10,036 | 1,302,372 | ||||||
Xperi Holding Corp. | 24,940 | 518,004 | ||||||
Yext, Inc.* | 23,682 | 308,576 | ||||||
Zuora, Inc., Class A* | 25,121 | 434,342 | ||||||
|
| |||||||
32,106,509 | ||||||||
|
| |||||||
Specialty Retail — 3.3% |
| |||||||
Aaron’s Co., Inc. (The) | 8,119 | 234,396 | ||||||
Abercrombie & Fitch Co., Class A* | 14,720 | 556,563 | ||||||
Academy Sports & Outdoors, Inc.* | 9,380 | 347,529 | ||||||
Arko Corp.* | 15,382 | 127,671 | ||||||
Asbury Automotive Group, Inc.* | 4,595 | 944,089 | ||||||
Bed Bath & Beyond, Inc.* | 25,346 | 723,375 | ||||||
Blink Charging Co.*(a) | 7,283 | 251,482 | ||||||
Boot Barn Holdings, Inc.* | 6,953 | 600,878 | ||||||
Buckle, Inc. (The) | 6,866 | 288,921 | ||||||
Camping World Holdings, Inc., Class A | 9,372 | 368,882 | ||||||
Children’s Place, Inc. (The)* | 3,486 | 293,974 | ||||||
Citi Trends, Inc.* | 2,236 | 178,321 | ||||||
Designer Brands, Inc., Class A* | 14,091 | 205,306 | ||||||
Dick’s Sporting Goods, Inc. | 15,582 | 1,622,709 | ||||||
Group 1 Automotive, Inc. | 4,057 | 704,863 | ||||||
GrowGeneration Corp.* | 12,169 | 494,913 | ||||||
Guess?, Inc. | 9,104 | 203,201 | ||||||
Monro, Inc. | 7,962 | 461,796 | ||||||
Murphy USA, Inc. | 5,949 | 877,537 | ||||||
National Vision Holdings, Inc.* | 19,358 | 1,044,945 | ||||||
ODP Corp. (The)* | 12,725 | 602,274 | ||||||
Rent-A-Center, Inc. | 14,184 | 811,609 | ||||||
Sally Beauty Holdings, Inc.* | 26,852 | 508,040 | ||||||
Signet Jewelers Ltd. | 12,450 | 801,033 | ||||||
Sleep Number Corp.* | 5,817 | 577,105 | ||||||
Sonic Automotive, Inc., Class A | 5,553 | 302,916 | ||||||
Zumiez, Inc.* | 5,020 | 219,123 | ||||||
|
| |||||||
14,353,451 | ||||||||
|
| |||||||
Technology Hardware, Storage & Peripherals — 0.6% |
| |||||||
3D Systems Corp.* | 29,729 | 818,737 | ||||||
Corsair Gaming, Inc.*(a) | 5,041 | 147,147 | ||||||
NCR Corp.* | 31,118 | 1,381,639 | ||||||
Super Micro Computer, Inc.* | 10,090 | 383,823 | ||||||
|
| |||||||
2,731,346 | ||||||||
|
| |||||||
Textiles, Apparel & Luxury Goods — 0.6% |
| |||||||
G-III Apparel Group Ltd.* | 10,351 | 309,081 | ||||||
Kontoor Brands, Inc. | 11,232 | 622,028 | ||||||
Levi Strauss & Co., Class A | 19,790 | 544,621 | ||||||
Oxford Industries, Inc. | 4,016 | 349,111 | ||||||
PLBY Group, Inc.* | 4,853 | 136,758 | ||||||
Steven Madden Ltd. | 18,298 | 802,001 | ||||||
|
| |||||||
2,763,600 | ||||||||
|
| |||||||
Thrifts & Mortgage Finance — 1.7% |
| |||||||
Axos Financial, Inc.* | 12,251 | 586,210 | ||||||
Capitol Federal Financial, Inc. | 30,685 | 340,297 | ||||||
Columbia Financial, Inc.* | 10,846 | 195,662 | ||||||
Flagstar Bancorp, Inc. | 11,283 | 516,310 | ||||||
Kearny Financial Corp. | 16,203 | 194,922 | ||||||
Merchants Bancorp | 3,828 | 140,258 | ||||||
Meridian Bancorp, Inc. | 12,470 | 238,302 | ||||||
Mr. Cooper Group, Inc.* | 16,178 | 601,498 | ||||||
NMI Holdings, Inc., Class A* | 20,345 | 447,997 | ||||||
Northfield Bancorp, Inc. | 10,974 | 180,522 | ||||||
Northwest Bancshares, Inc. | 30,253 | 402,667 | ||||||
PennyMac Financial Services, Inc. | 9,043 | 568,714 | ||||||
Provident Financial Services, Inc. | 17,238 | 372,341 | ||||||
Rocket Cos., Inc., Class A(a) | 32,443 | 559,317 | ||||||
TrustCo Bank Corp. | 4,582 | 154,093 | ||||||
Walker & Dunlop, Inc. | 7,026 | 727,051 | ||||||
Washington Federal, Inc. | 17,214 | 555,496 | ||||||
WSFS Financial Corp. | 11,295 | 494,495 | ||||||
|
| |||||||
7,276,152 | ||||||||
|
| |||||||
Tobacco — 0.1% |
| |||||||
Turning Point Brands, Inc. | 2,813 | 149,145 | ||||||
Universal Corp. | 5,828 | 303,989 | ||||||
|
| |||||||
453,134 | ||||||||
|
| |||||||
Trading Companies & Distributors — 1.4% |
| |||||||
Applied Industrial Technologies, Inc. | 9,240 | 828,828 | ||||||
Boise Cascade Co. | 9,349 | 478,201 | ||||||
Global Industrial Co. | 3,765 | 148,793 | ||||||
GMS, Inc.* | 10,183 | 500,291 | ||||||
H&E Equipment Services, Inc. | 7,554 | 257,063 | ||||||
Herc Holdings, Inc.* | 5,910 | 733,076 | ||||||
McGrath RentCorp | 5,760 | 451,699 | ||||||
NOW, Inc.* | 26,206 | 258,653 | ||||||
Rush Enterprises, Inc., Class A | 10,206 | 479,580 | ||||||
Triton International Ltd. (Bermuda) | 15,859 | 837,197 | ||||||
WESCO International, Inc.* | 10,494 | 1,117,086 | ||||||
|
| |||||||
6,090,467 | ||||||||
|
| |||||||
Water Utilities — 0.5% |
| |||||||
American States Water Co. | 8,775 | 775,008 | ||||||
California Water Service Group | 12,081 | 757,237 | ||||||
SJW Group | 6,511 | 448,803 | ||||||
|
| |||||||
1,981,048 | ||||||||
|
| |||||||
Wireless Telecommunication Services — 0.1% |
| |||||||
Shenandoah Telecommunications Co. | 11,875 | 626,881 | ||||||
|
| |||||||
TOTAL COMMON STOCKS |
| 426,182,819 | ||||||
|
| |||||||
SHORT-TERM INVESTMENTS — 3.4% |
| |||||||
INVESTMENT COMPANIES — 1.6% |
| |||||||
JPMorgan U.S. Government Money Market Fund Class IM Shares, 0.03%(c)(d) | 7,094,776 | 7,094,776 | ||||||
|
|
JPMorgan BetaBuilders U.S. Small Cap Equity ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF JULY 31, 2021 (Unaudited) (continued)
Investments | Shares | Value ($) | ||||||
INVESTMENT OF CASH COLLATERAL FROM SECURITIES LOANED — 1.8% | ||||||||
JPMorgan U.S. Government Money Market Fund Class IM Shares, 0.03%(c)(d) | 7,723,461 | 7,723,461 | ||||||
|
| |||||||
TOTAL SHORT-TERM INVESTMENTS | 14,818,237 | |||||||
|
| |||||||
Total Investments — 101.6% |
| 441,001,056 | ||||||
Liabilities in Excess of Other Assets — (1.6)% |
| (7,021,421 | ) | |||||
|
| |||||||
Net Assets — 100.0% |
| 433,979,635 | ||||||
|
|
Percentages indicated are based on net assets.
Abbreviations
REIT | Real Estate Investment Trust | |
(a) | The security or a portion of this security is on loan at July 31, 2021. The total value of securities on loan at July 31, 2021 is $7,479,555. | |
(b) | Security exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale. | |
(c) | Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc. | |
(d) | The rate shown is the current yield as of July 31, 2021. | |
* | Non-income producing security. |
Futures contracts outstanding as of July 31, 2021:
Description | Number of Contracts | Expiration Date | Trading Currency | Notional Amount ($) | Value and Unrealized Appreciation (Depreciation) ($) | |||||||||||||||
Long Contracts |
| |||||||||||||||||||
Russell 2000 E-Mini Index | 67 | 09/2021 | USD | 7,442,695 | (258,464 | ) | ||||||||||||||
|
|
Abbreviations
USD | United States Dollar |
JPMorgan BetaBuilders U.S. Small Cap Equity 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.
Investments in open-end investment companies (“Underlying Funds”) are valued at each Underlying Fund’s NAV per share as of the report date.
Futures contracts are generally valued on the basis of available market quotations.
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) | $ | 441,001,056 | $ | — | $ | — | $ | 441,001,056 | ||||||||
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Depreciation in Other Financial Instruments |
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Futures Contracts(a) | $ | (258,464 | ) | $ | — | $ | — | $ | (258,464 | ) | ||||||
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(a) | Please refer to the SOI for specifics of portfolio holdings. |
B. Investment Transactions with Affiliates — The Fund invested in Underlying Funds, which are 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. 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 July 31, 2021 | ||||||||||||||||||||||||||||||||||||
Security Description | Value at November 16, 2020 (a) | 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, | $ | — | $ | 16,252,698 | $ | 9,157,922 | $ | — | $ | — | $ | 7,094,776 | 7,094,776 | $ | 487 | $ | — | |||||||||||||||||||
JPMorgan U.S. Government Money Market Fund Class IM Shares, | — | 41,392,419 | 33,668,958 | — | — | 7,723,461 | 7,723,461 | 544 | — | |||||||||||||||||||||||||||
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Total | $ | — | $ | 57,645,117 | $ | 42,826,880 | $ | — | $ | — | $ | 14,818,237 | $ | 1,031 | $ | — | ||||||||||||||||||||
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(a) | Commencement of operations was November 16, 2020. |
(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. |