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        <fairValLevel>1</fairValLevel>
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        <name>EPR Properties</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Essex Property Trust, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Mid-America Apartment Communities, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Diversified Healthcare Trust</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DiamondRock Hospitality Co.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Piedmont Realty Trust, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Centerspace</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>WP Carey, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Apple Hospitality REIT, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Gaming and Leisure Properties, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Sun Communities, Inc.</name>
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        <title>Sun Communities, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Gladstone Commercial Corp.</name>
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        <title>Gladstone Commercial Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>National Health Investors, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Digital Realty Trust, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Camden Property Trust</name>
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        <fairValLevel>1</fairValLevel>
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        <name>American Homes 4 Rent</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Saul Centers, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Curbline Properties Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>EastGroup Properties, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Federal Realty Investment Trust</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Simon Property Group, Inc.</name>
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        <name>Essential Properties Realty Trust, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Omega Healthcare Investors, Inc.</name>
        <lei>549300OJ7ENK42CZ8E73</lei>
        <title>Omega Healthcare Investors, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>UDR, Inc.</name>
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        <name>Ventas, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Kimco Realty Corp.</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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        <name>Apartment Investment and Management Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>InvenTrust Properties Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Alexander's, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Kilroy Realty Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Realty Income Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Four Corners Property Trust, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Smartstop Self Storage REIT, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Invitation Homes, Inc.</name>
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        <name>Easterly Government Properties, Inc.</name>
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        <name>Alexandria Real Estate Equities, Inc.</name>
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        <name>Global Net Lease, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Acadia Realty Trust</name>
        <lei>254900C5XLB1YYJQSH07</lei>
        <title>Acadia Realty Trust</title>
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        <name>NETSTREIT Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Innovative Industrial Properties, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Sabra Health Care REIT, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Rexford Industrial Realty, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Independence Realty Trust, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>UMH Properties, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>SL Green Realty Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Park Hotels &amp; Resorts, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Lineage, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>NexPoint Residential Trust, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Tanger, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>LTC Properties, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CBL &amp; Associates Properties, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Brandywine Realty Trust</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Welltower, Inc.</name>
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        <name>Millrose Properties, Inc.</name>
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        <name>VICI Properties, Inc.</name>
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        <name>Safehold, Inc.</name>
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        <name>Americold Realty Trust, Inc.</name>
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        <name>Terreno Realty Corp.</name>
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        <name>NNN REIT, Inc.</name>
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        <name>Kite Realty Group Trust</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Macerich Co. (The)</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Public Storage</name>
        <lei>254900GLQZAD4N7N5Q19</lei>
        <title>Public Storage</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Prologis, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ryman Hospitality Properties, Inc.</name>
        <lei>529900GCCWW9SRMPJR11</lei>
        <title>Ryman Hospitality Properties, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Empire State Realty Trust, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BXP, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>JPMorgan Securities Lending Money Market Fund</name>
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          <isin value="N/A"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>American Assets Trust, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Healthcare Realty Trust, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Vivmark Residential</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Vornado Realty Trust</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Getty Realty Corp.</name>
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        <title>Getty Realty Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Douglas Emmett, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>JBG SMITH Properties</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Broadstone Net Lease, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Medical Properties Trust, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>STAG Industrial, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Highwoods Properties, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>American Healthcare REIT, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Phillips Edison &amp; Co., Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Healthpeak Properties, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Service Properties Trust</name>
        <lei>529900IS770AG1K9QG27</lei>
        <title>Service Properties Trust</title>
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        <fairValLevel>1</fairValLevel>
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        <name>RLJ Lodging Trust</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Brixmor Property Group, Inc.</name>
        <lei>5299007UXW6Y0W2EGZ95</lei>
        <title>Brixmor Property Group, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Iron Mountain, Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>Iron Mountain, Inc.</title>
        <cusip>46284V101</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Extra Space Storage, Inc.</name>
        <lei>N/A</lei>
        <title>Extra Space Storage, Inc.</title>
        <cusip>30225T102</cusip>
        <identifiers>
          <isin value="US30225T1025"/>
        </identifiers>
        <balance>213106.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>30069256.60000000</valUSD>
        <pctVal>2.386106819068</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>CareTrust REIT, Inc.</name>
        <lei>5493001NVXE2B9GPLU96</lei>
        <title>CareTrust REIT, Inc.</title>
        <cusip>14174T107</cusip>
        <identifiers>
          <isin value="US14174T1079"/>
        </identifiers>
        <balance>158393.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6169407.35000000</valUSD>
        <pctVal>0.489565310618</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>52269.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>54711007.68000000</valUSD>
        <pctVal>4.341520984039</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>2026-09-30</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>
