JPMorgan BetaBuilders U.S. Treasury Bond 3-10 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 3-10 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
3.25%, 6/30/2029
190,000
185,569
4.25%, 6/30/2029
846,000
850,494
2.63%, 7/31/2029
89,000
85,228
4.00%, 7/31/2029
847,000
845,313
1.63%, 8/15/2029
415,000
384,977
3.13%, 8/31/2029
406,000
394,343
3.63%, 8/31/2029
789,000
778,213
3.50%, 9/30/2029
853,000
837,706
3.88%, 9/30/2029
342,000
339,849
4.00%, 10/31/2029
69,000
68,819
4.13%, 10/31/2029
827,000
828,002
1.75%, 11/15/2029
434,000
401,789
4.13%, 11/30/2029
182,000
182,228
3.88%, 12/31/2029
225,000
223,357
4.38%, 12/31/2029
195,000
196,836
4.25%, 1/31/2030
189,000
189,975
1.50%, 2/15/2030
412,000
375,660
4.00%, 2/28/2030
536,000
534,199
3.63%, 3/31/2030
446,000
438,526
4.00%, 3/31/2030
194,000
193,326
3.50%, 4/30/2030
226,000
221,056
3.88%, 4/30/2030
190,000
188,441
0.63%, 5/15/2030
973,000
850,463
3.75%, 5/31/2030
569,000
561,554
4.00%, 5/31/2030
776,000
772,969
3.75%, 6/30/2030
154,000
151,901
3.88%, 6/30/2030
850,000
842,463
3.88%, 7/31/2030
441,000
436,986
4.00%, 7/31/2030
592,000
589,341
0.63%, 8/15/2030
1,101,000
953,741
3.63%, 8/31/2030
172,000
168,694
4.13%, 8/31/2030
438,000
437,949
3.63%, 9/30/2030
190,000
186,289
4.63%, 9/30/2030
340,000
346,667
3.63%, 10/31/2030
169,000
165,607
4.88%, 10/31/2030
596,000
613,740
0.88%, 11/15/2030
877,000
761,962
3.50%, 11/30/2030
166,000
161,753
4.38%, 11/30/2030
346,000
349,433
3.63%, 12/31/2030
173,000
169,364
3.75%, 12/31/2030
592,000
582,519
3.75%, 1/31/2031
174,000
171,186
4.00%, 1/31/2031
628,000
624,296
1.13%, 2/15/2031
1,069,000
933,078
3.50%, 2/28/2031
404,000
393,111
3.88%, 3/31/2031
173,000
171,013
3.88%, 4/30/2031
172,000
169,998
4.63%, 4/30/2031
654,000
667,693
JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF May 31, 2026 (Unaudited) (continued)
INVESTMENTS
PRINCIPAL
AMOUNT($)
VALUE($)
U.S. Treasury Obligations — continued
1.63%, 5/15/2031
947,000
840,759
4.63%, 5/31/2031
30,000
30,629
4.25%, 6/30/2031
658,000
660,827
4.13%, 7/31/2031
659,000
657,970
1.25%, 8/15/2031
1,223,000
1,057,322
3.75%, 8/31/2031
664,000
650,954
3.63%, 9/30/2031
666,000
648,700
4.13%, 10/31/2031
362,000
361,024
1.38%, 11/15/2031
1,199,000
1,035,683
4.38%, 1/31/2032
658,000
663,835
1.88%, 2/15/2032
1,154,000
1,018,315
2.88%, 5/15/2032
976,000
907,299
4.00%, 6/30/2032
443,000
437,670
4.00%, 7/31/2032
165,000
162,918
2.75%, 8/15/2032
1,072,000
985,361
3.88%, 8/31/2032
376,000
368,495
3.75%, 10/31/2032
215,000
208,970
4.13%, 11/15/2032
752,000
746,683
4.00%, 1/31/2033
25,000
24,613
3.50%, 2/15/2033
1,073,000
1,025,008
3.75%, 2/28/2033
159,000
154,187
4.25%, 3/31/2033
153,000
152,761
3.38%, 5/15/2033
792,000
748,780
3.88%, 8/15/2033
1,030,000
1,003,083
4.50%, 11/15/2033
1,126,000
1,139,283
4.00%, 2/15/2034
779,000
762,233
4.38%, 5/15/2034
1,216,000
1,218,755
3.88%, 8/15/2034
1,225,000
1,184,518
4.25%, 11/15/2034
1,101,000
1,091,409
4.63%, 2/15/2035
1,207,000
1,227,698
4.25%, 5/15/2035
1,217,000
1,203,404
4.25%, 8/15/2035
1,198,000
1,183,259
4.00%, 11/15/2035
535,000
517,445
4.13%, 2/15/2036
542,000
528,704
Total U.S. Treasury Obligations
(Cost $45,764,355)
45,586,230
 
SHARES
Short-Term Investments — 0.7%
Investment Companies — 0.7%
JPMorgan Prime Money Market Fund Class IM Shares, 3.74% (a) (b)
(Cost $331,399)
331,351
331,417
Total Investments — 99.8%
(Cost $46,095,754)
45,917,647
Other Assets in Excess of Liabilities — 0.2%
88,253
NET ASSETS — 100.0%
46,005,900
 
JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF May 31, 2026 (Unaudited) (continued)
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 3-10 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
$—
$45,586,230
$—
$45,586,230
Short-Term Investments
Investment Companies
331,417
—
—
331,417
Total Investments in Securities
$331,417
$45,586,230
$—
$45,917,647
JPMorgan BetaBuilders U.S. Treasury Bond 3-10 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)
$200,151
$544,811
$413,518
$(39
)
$12
$331,417
331,351
$699
$—
 
 
(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.