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        <fairValLevel>1</fairValLevel>
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        <name>Lam Research Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Exxon Mobil Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Vulcan Materials Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Amphenol Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Chubb Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>NVIDIA Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Amazon.com, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Hilton Worldwide Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Bristol-Myers Squibb Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Eli Lilly &amp; Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Danaher Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Stryker Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Howmet Aerospace, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Cummins, Inc.</name>
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        <name>Boston Scientific Corp.</name>
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        <name>Intuit, Inc.</name>
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        <name>SBA Communications Corp.</name>
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        <name>Apple, Inc.</name>
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        <title>Apple, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>DoorDash, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>NextEra Energy, Inc.</name>
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        <title>NextEra Energy, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Barclays Bank plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>National Bank of Canada</name>
        <lei>BSGEFEIOM18Y80CKCV46</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Arista Networks, Inc.</name>
        <lei>635400H1WKBLOQERUU95</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Hewlett Packard Enterprise Co.</name>
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        <name>Progressive Corp. (The)</name>
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        <title>Progressive Corp. (The)</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Trane Technologies plc</name>
        <lei>549300BURLR9SLYY2705</lei>
        <title>Trane Technologies plc</title>
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        <name>American Water Works Co., Inc.</name>
        <lei>549300DXHIJQMD5WFW18</lei>
        <title>American Water Works Co., Inc.</title>
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        <name>Church &amp; Dwight Co., Inc.</name>
        <lei>POOXSI30AWAQGYJZC921</lei>
        <title>Church &amp; Dwight Co., Inc.</title>
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        <name>Chipotle Mexican Grill, Inc.</name>
        <lei>529900REP5VGTPCP1J71</lei>
        <title>Chipotle Mexican Grill, Inc., Class A</title>
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        <name>Altria Group, Inc.</name>
        <lei>XSGZFLO9YTNO9VCQV219</lei>
        <title>Altria Group, Inc.</title>
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        <name>Vertiv Holdings Co.</name>
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        <title>Vertiv Holdings Co., Class A</title>
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        <name>Autodesk, Inc.</name>
        <lei>FRKKVKAIQEF3FCSTPG55</lei>
        <title>Autodesk, Inc.</title>
        <cusip>052769106</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>Deere &amp; Co.</name>
        <lei>PWFTNG3EI0Y73OXWDH08</lei>
        <title>Deere &amp; Co.</title>
        <cusip>244199105</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TransDigm Group, Inc.</name>
        <lei>N/A</lei>
        <title>TransDigm Group, Inc.</title>
        <cusip>893641100</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>Ventas, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Southern Co. (The)</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AutoZone, Inc.</name>
        <lei>GA3JGKJ41LJKXDN23E90</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Citigroup Global Markets Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Broadcom, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>McKesson Corp.</name>
        <lei>549300WZWOM80UCFSF54</lei>
        <title>McKesson Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Meta Platforms, Inc.</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
        <title>Meta Platforms, Inc., Class A</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Medtronic plc</name>
        <lei>549300GX3ZBSQWUXY261</lei>
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        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Capital One Financial Corp.</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>Capital One Financial Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Costco Wholesale Corp.</name>
        <lei>29DX7H14B9S6O3FD6V18</lei>
        <title>Costco Wholesale Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Carrier Global Corp.</name>
        <lei>549300JE3W6CWY2NAN77</lei>
        <title>Carrier Global Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Aon plc</name>
        <lei>635400FALWQYX5E6QC64</lei>
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        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Philip Morris International, Inc.</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>Philip Morris International, Inc.</title>
        <cusip>718172109</cusip>
        <identifiers>
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        <fairValLevel>1</fairValLevel>
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        <name>Keurig Dr Pepper, Inc.</name>
        <lei>DYTQ8KRTKO7Y2BVU5K74</lei>
        <title>Keurig Dr Pepper, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Fortinet, Inc.</name>
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        <title>Fortinet, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Netflix, Inc.</name>
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        <title>Netflix, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Arthur J Gallagher &amp; Co.</name>
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        <title>Arthur J Gallagher &amp; Co.</title>
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        <name>US Bancorp</name>
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        <name>JPMorgan Securities Lending Money Market Fund</name>
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        <name>JPMorgan Prime Money Market Fund</name>
        <lei>549300YD7H8SEEU7VG41</lei>
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        <name>Royal Bank of Canada</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
        <title>Royal Bank of Canada, ELN, 47.95%, 07/14/2026, (linked to S&amp;P 500 Index)</title>
        <cusip>78017W544</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PepsiCo, Inc.</name>
        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
        <title>PepsiCo, Inc.</title>
        <cusip>713448108</cusip>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Corning, Inc.</name>
        <lei>549300X2937PB0CJ7I56</lei>
        <title>Corning, Inc.</title>
        <cusip>219350105</cusip>
        <identifiers>
          <isin value="US2193501051"/>
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        <balance>530143.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>135414426.49000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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        <name>Cognizant Technology Solutions Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Berkshire Hathaway, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Affirm Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Corpay, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Advanced Micro Devices, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Vertex Pharmaceuticals, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Lowe's Cos., Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Analog Devices, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ConocoPhillips</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Edwards Lifesciences Corp.</name>
        <lei>YA13X31F3V31L8TMPR58</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Ingersoll Rand, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>GS Finance Corp.</name>
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        <name>CMS Energy Corp.</name>
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        <name>Welltower, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BNP Paribas Issuance BV</name>
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        <name>Microsoft Corp.</name>
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        <name>Bank of America Corp.</name>
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        <name>Kimberly-Clark Corp.</name>
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        <name>Emerson Electric Co.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>3M Co.</name>
        <lei>LUZQVYP4VS22CLWDAR65</lei>
        <title>3M Co.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>RTX Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Ecolab, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Intuitive Surgical, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>National Bank of Canada</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mondelez International, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AbbVie, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Barclays Bank plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Union Pacific Corp.</name>
        <lei>549300LMMRSZZCZ8CL11</lei>
        <title>Union Pacific Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>NXP Semiconductors NV</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Baker Hughes Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Regeneron Pharmaceuticals, Inc.</name>
        <lei>549300RCBFWIRX3HYQ56</lei>
        <title>Regeneron Pharmaceuticals, Inc.</title>
        <cusip>75886F107</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>Sempra</name>
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        <fairValLevel>1</fairValLevel>
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        <name>EOG Resources, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>UnitedHealth Group, Inc.</name>
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        <title>UnitedHealth Group, Inc.</title>
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        <name>FedEx Corp.</name>
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        <title>FedEx Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Dover Corp.</name>
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        <title>Dover Corp.</title>
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        <name>Visa, Inc.</name>
        <lei>549300JZ4OKEHW3DPJ59</lei>
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        <name>McDonald's Corp.</name>
        <lei>UE2136O97NLB5BYP9H04</lei>
        <title>McDonald's Corp.</title>
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        <name>Leidos Holdings, Inc.</name>
        <lei>549300IUTGTP6EJP8124</lei>
        <title>Leidos Holdings, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Yum! Brands, Inc.</name>
        <lei>549300JE8XHZZ7OHN517</lei>
        <title>Yum! Brands, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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        <name>Royal Bank of Canada</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
        <title>Royal Bank of Canada, ELN, 58.15%, 08/03/2026, (linked to S&amp;P 500 Index)</title>
        <cusip>78017W601</cusip>
        <identifiers>
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        <balance>55856.00000000</balance>
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        <valUSD>408056504.84000000</valUSD>
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        <assetCat>SN</assetCat>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Accenture plc</name>
        <lei>5493000EWHDSR3MZWH98</lei>
        <title>Accenture plc, Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE00B4BNMY34"/>
        </identifiers>
        <balance>1388043.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>172728070.92000000</valUSD>
        <pctVal>0.386018250258</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BNP Paribas Issuance BV</name>
        <lei>7245009UXRIGIRYOBR48</lei>
        <title>BNP Paribas Issuance BV, ELN, 57.45%, 07/17/2026, (linked to S&amp;P 500 Index)</title>
        <cusip>09656N859</cusip>
        <identifiers>
          <isin value="US09656N8598"/>
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        <balance>57130.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>426468291.73000000</valUSD>
        <pctVal>0.953085059583</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>SN</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>57.45000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CVS Health Corp.</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS Health Corp.</title>
        <cusip>126650100</cusip>
        <identifiers>
          <isin value="US1266501006"/>
        </identifiers>
        <balance>924565.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>95646249.25000000</valUSD>
        <pctVal>0.213753315154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Entergy Corp.</name>
        <lei>4XM3TW50JULSLG8BNC79</lei>
        <title>Entergy Corp.</title>
        <cusip>29364G103</cusip>
        <identifiers>
          <isin value="US29364G1031"/>
        </identifiers>
        <balance>4166566.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>478571770.76000000</valUSD>
        <pctVal>1.069527590901</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>American Tower Corp.</name>
        <lei>5493006ORUSIL88JOE18</lei>
        <title>American Tower Corp.</title>
        <cusip>03027X100</cusip>
        <identifiers>
          <isin value="US03027X1000"/>
        </identifiers>
        <balance>747780.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>122314374.60000000</valUSD>
        <pctVal>0.273352099708</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GS Finance Corp.</name>
        <lei>549300FR80KBVO6DRL61</lei>
        <title>GS Finance Corp., ELN, 50.10%, 07/07/2026, (linked to S&amp;P 500 Index)</title>
        <cusip>36263Y622</cusip>
        <identifiers>
          <isin value="US36263Y6225"/>
        </identifiers>
        <balance>52258.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>395345270.80000000</valUSD>
        <pctVal>0.883530331054</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>SN</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>50.10000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Burlington Stores, Inc.</name>
        <lei>5299003Z37DVGKKC1W09</lei>
        <title>Burlington Stores, Inc.</title>
        <cusip>122017106</cusip>
        <identifiers>
          <isin value="US1220171060"/>
        </identifiers>
        <balance>791378.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>250708550.40000000</valUSD>
        <pctVal>0.560291534750</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Texas Instruments, Inc.</name>
        <lei>WDJNR2L6D8RWOEB8T652</lei>
        <title>Texas Instruments, Inc.</title>
        <cusip>882508104</cusip>
        <identifiers>
          <isin value="US8825081040"/>
        </identifiers>
        <balance>906443.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>270183465.01000000</valUSD>
        <pctVal>0.603814700508</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Equinix, Inc.</name>
        <lei>549300EVUN2BTLJ3GT74</lei>
        <title>Equinix, Inc.</title>
        <cusip>29444U700</cusip>
        <identifiers>
          <isin value="US29444U7000"/>
        </identifiers>
        <balance>418838.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>436592542.82000000</valUSD>
        <pctVal>0.975711061657</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Best Buy Co., Inc.</name>
        <lei>HL5XPTVRV0O8TUN5LL90</lei>
        <title>Best Buy Co., Inc.</title>
        <cusip>086516101</cusip>
        <identifiers>
          <isin value="US0865161014"/>
        </identifiers>
        <balance>1699469.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>128955707.72000000</valUSD>
        <pctVal>0.288194364643</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      
      
      
      
      
      
      
      
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-07-30</ncom:dateSigned>
      <ncom:nameOfApplicant>J.P. Morgan Exchange-Traded Fund Trust</ncom:nameOfApplicant>
      <ncom:signature>Timothy J. Clemens</ncom:signature>
      <ncom:signerName>Timothy J. Clemens</ncom:signerName>
      <ncom:title>Treasurer and Principal Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
