diff --git a/eng/Versions.props b/eng/Versions.props
index 437f0ceaf5f82a..0756814ed8bbbc 100644
--- a/eng/Versions.props
+++ b/eng/Versions.props
@@ -137,7 +137,7 @@
     <!-- Not auto-updated. -->
     <MicrosoftDiaSymReaderNativeVersion>16.9.0-beta1.21055.5</MicrosoftDiaSymReaderNativeVersion>
     <SystemCommandLineVersion>2.0.0-beta4.22355.1</SystemCommandLineVersion>
-    <TraceEventVersion>2.0.77</TraceEventVersion>
+    <TraceEventVersion>3.0.3</TraceEventVersion>
     <NETStandardLibraryRefVersion>2.1.0</NETStandardLibraryRefVersion>
     <NetStandardLibraryVersion>2.0.3</NetStandardLibraryVersion>
     <MicrosoftDiagnosticsToolsRuntimeClientVersion>1.0.4-preview6.19326.1</MicrosoftDiagnosticsToolsRuntimeClientVersion>