JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF
Schedule of Portfolio Investments as of May 31, 2026
(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., 2026.
JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF May 31, 2026 (Unaudited)
 
INVESTMENTS
PRINCIPAL
AMOUNT($)
VALUE($)
U.S. Treasury Obligations — 99.1%
U.S. Treasury Notes
4.63%, 6/15/2027
524,000
527,811
0.50%, 6/30/2027
254,000
244,902
3.25%, 6/30/2027
494,000
490,565
3.75%, 6/30/2027
527,000
526,094
4.38%, 7/15/2027
433,000
435,131
0.38%, 7/31/2027
375,000
359,912
2.75%, 7/31/2027
469,000
462,716
3.88%, 7/31/2027
540,000
539,599
2.25%, 8/15/2027
348,000
341,149
3.75%, 8/15/2027
524,000
522,813
0.50%, 8/31/2027
221,000
211,806
3.13%, 8/31/2027
470,000
465,355
3.63%, 8/31/2027
705,000
702,246
3.38%, 9/15/2027
626,000
621,574
0.38%, 9/30/2027
315,000
300,542
3.50%, 9/30/2027
723,000
718,820
4.13%, 9/30/2027
463,000
464,031
3.88%, 10/15/2027
604,000
603,316
0.50%, 10/31/2027
342,000
325,835
3.50%, 10/31/2027
527,000
523,603
4.13%, 10/31/2027
457,000
457,964
2.25%, 11/15/2027
392,000
382,506
4.13%, 11/15/2027
524,000
525,064
0.63%, 11/30/2027
437,000
415,833
3.38%, 11/30/2027
524,000
519,476
3.88%, 11/30/2027
471,000
470,246
4.00%, 12/15/2027
524,000
524,164
0.63%, 12/31/2027
456,000
432,683
3.38%, 12/31/2027
523,000
518,097
3.88%, 12/31/2027
491,000
490,118
4.25%, 1/15/2028
524,000
526,047
0.75%, 1/31/2028
636,000
603,008
3.50%, 1/31/2028
912,000
904,733
2.75%, 2/15/2028
545,000
533,823
4.25%, 2/15/2028
524,000
526,149
1.13%, 2/29/2028
641,000
610,152
3.38%, 2/29/2028
518,000
512,658
4.00%, 2/29/2028
480,000
480,038
3.88%, 3/15/2028
481,000
479,985
1.25%, 3/31/2028
575,000
547,283
3.63%, 3/31/2028
374,000
371,516
3.88%, 3/31/2028
509,000
507,847
3.75%, 4/15/2028
456,000
453,916
1.25%, 4/30/2028
642,000
609,624
3.50%, 4/30/2028
406,000
402,226
3.75%, 4/30/2028
501,000
498,652
2.88%, 5/15/2028
489,000
478,628
3.75%, 5/15/2028
448,000
445,830
JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF May 31, 2026 (Unaudited) (continued)
INVESTMENTS
PRINCIPAL
AMOUNT($)
VALUE($)
U.S. Treasury Obligations — continued
1.25%, 5/31/2028
578,000
547,632
3.63%, 5/31/2028
373,000
370,246
4.00%, 5/31/2028
589,000
589,023
3.88%, 6/15/2028
407,000
405,903
1.25%, 6/30/2028
615,000
581,367
4.00%, 6/30/2028
491,000
490,866
3.88%, 7/15/2028
434,000
432,695
1.00%, 7/31/2028
642,000
602,176
4.13%, 7/31/2028
358,000
358,769
2.88%, 8/15/2028
642,000
626,577
3.63%, 8/15/2028
429,000
425,431
1.13%, 8/31/2028
513,000
481,298
4.38%, 8/31/2028
315,000
317,301
3.38%, 9/15/2028
417,000
411,071
1.25%, 9/30/2028
641,000
601,639
4.63%, 9/30/2028
358,000
362,713
3.50%, 10/15/2028
425,000
419,854
1.38%, 10/31/2028
617,000
579,498
4.88%, 10/31/2028
456,000
464,675
3.13%, 11/15/2028
461,000
451,240
3.50%, 11/15/2028
424,000
418,667
1.50%, 11/30/2028
616,000
579,136
4.38%, 11/30/2028
572,000
576,536
3.50%, 12/15/2028
561,000
553,746
1.38%, 12/31/2028
610,000
570,445
3.75%, 12/31/2028
625,000
620,508
3.50%, 1/15/2029
423,000
417,299
1.75%, 1/31/2029
556,000
523,943
4.00%, 1/31/2029
450,000
449,402
2.63%, 2/15/2029
583,000
561,798
3.50%, 2/15/2029
408,000
402,294
1.88%, 2/28/2029
547,000
516,359
4.25%, 2/28/2029
674,000
677,449
3.50%, 3/15/2029
406,000
400,195
2.38%, 3/31/2029
304,000
290,474
4.13%, 3/31/2029
580,000
581,065
3.88%, 4/15/2029
404,000
402,075
2.88%, 4/30/2029
267,000
258,406
4.63%, 4/30/2029
727,000
738,189
2.38%, 5/15/2029
551,000
525,516
3.88%, 5/15/2029
515,000
512,546
2.75%, 5/31/2029
470,000
452,834
4.50%, 5/31/2029
499,000
505,101
Total U.S. Treasury Obligations
(Cost $44,843,479)
44,670,043
JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF May 31, 2026 (Unaudited) (continued)
INVESTMENTS 
SHARES
VALUE($)
Short-Term Investments — 0.3%
Investment Companies — 0.3%
JPMorgan Prime Money Market Fund Class IM Shares, 3.74% (a) (b)
(Cost $141,622)
141,601
141,629
Total Investments — 99.4%
(Cost $44,985,101)
44,811,672
Other Assets in Excess of Liabilities — 0.6%
251,409
NET ASSETS — 100.0%
45,063,081
 
Percentages indicated are based on net assets.
 
(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 May 31, 2026.
JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF May 31, 2026 (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 "1940 Act"), the Board is required to determine fair value for securities that do not have readily available market quotations. Pursuant to Rule 2a-5 under the 1940 Act (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 Fund 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 Fund. 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.
Fixed income instruments are valued based on prices received from approved affiliated and unaffiliated pricing vendors or third party broker-dealers (collectively referred to as “Pricing Services”). The Pricing Services use multiple valuation techniques to determine the valuation of fixed income instruments. In instances where sufficient market activity exists, the Pricing Services may utilize a market-based approach through which trades or quotes from market makers are used to determine the valuation of these instruments. In instances where sufficient market activity may not exist, the Pricing Services also utilize proprietary valuation models which may consider market transactions in comparable securities and the various relationships between securities in determining fair value and/or market characteristics in order to estimate the relevant cash flows, which are then discounted to calculate the fair values.
Investments in open-end investment companies (“Underlying Funds”) are valued at each Underlying Fund’s net asset values 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: 
 
 
Level 1
Quoted prices
Level 2
Other significant
observable inputs
Level 3
Significant
unobservable inputs
Total
Investments in Securities
U.S. Treasury Obligations
$—
$44,670,043
$—
$44,670,043
Short-Term Investments
Investment Companies
141,629
—
—
141,629
Total Investments in Securities
$141,629
$44,670,043
$—
$44,811,672
JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF May 31, 2026 (Unaudited) (continued)
B. Investment Transactions with Affiliates— The Fund invested in an Underlying Fund advised by the Adviser. An issuer which is under common control with the Fund may be considered an affiliate. The Fund assumes the issuer listed in the table below to be an affiliated issuer. The Underlying Fund's distributions may be reinvested into such Underlying Fund. Reinvestment amounts are included in the purchases at cost amounts in the table below. 
 
For the period ended May 31, 2026
Security Description
Value at
February 28,
2026
Purchases at
Cost
Proceeds from
Sales
Net Realized
Gain (Loss)
Change in
Unrealized
Appreciation/
(Depreciation)
Value at
May 31,
2026
Shares at
May 31,
2026
Dividend
Income
Capital Gain
Distributions
JPMorgan Prime Money Market Fund Class IM
Shares, 3.74%  (a) (b)
$65,950
$399,684
$323,984
$(22
)
$1
$141,629
141,601
$749
$—
 
 
(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 May 31, 2026.