PORTFOLIO

OF

INVESTMENTS

Columbia

Emerging

Markets

Consumer

ETF

December

31,

2019

(Unaudited)

(Percentages

represent

value

of

investments

compared

to

net

assets)

Investments

in

Securities

|

1

Common

Stocks

-

94

.1

%

Issuer

Shares

Value

($)

Brazil

-

6.4%

Lojas

Renner

SA

467,989‌

6,536,978‌

Petrobras

Distribuidora

SA

424,900‌

3,176,161‌

Raia

Drogasil

SA

153,581‌

4,262,258‌

TIM

Participacoes

SA

470,016‌

1,830,897‌

Total

15,806,294‌

Chile

-

1.0%

Cencosud

SA

683,233‌

899,529‌

S.A.C.I.

Falabella

369,404‌

1,592,178‌

Total

2,491,707‌

China

-

45.2%

58.com,

Inc.

ADR

(a)

28,138‌

1,821,373‌

Alibaba

Group

Holding,

Ltd.

ADR

(a)

57,504‌

12,196,598‌

ANTA

Sports

Products,

Ltd.

311,883‌

2,791,889‌

Autohome,

Inc.

ADR

(a)

17,259‌

1,380,893‌

Baidu,

Inc.

ADR

(a)

83,367‌

10,537,589‌

BYD

Co.,

Ltd.

Class

H

186,193‌

928,360‌

China

Mengniu

Dairy

Co.,

Ltd.

(a)

824,553‌

3,333,430‌

China

Mobile,

Ltd.

1,529,528‌

12,857,630‌

China

Resources

Beer

Holdings

Co.,

Ltd.

413,104‌

2,285,067‌

China

Telecom

Corp.,

Ltd.

Class

H

4,214,794‌

1,736,375‌

China

Tower

Corp.

Ltd.

Class

H

(b)

13,464,599‌

2,972,241‌

China

Unicom

Hong

Kong,

Ltd.

1,765,698‌

1,663,316‌

Dongfeng

Motor

Group

Co.,

Ltd.

Class

H

754,753‌

710,021‌

Geely

Automobile

Holdings,

Ltd.

1,555,466‌

3,042,340‌

Guangzhou

Automobile

Group

Co.,

Ltd.

Class

H

856,259‌

1,065,955‌

Hengan

International

Group

Co.,

Ltd.

213,181‌

1,518,461‌

JD.com,

Inc.

ADR

(a)

265,163‌

9,341,692‌

NetEase,

Inc.

ADR

20,986‌

6,435,147‌

New

Oriental

Education

&

Technology

Group,

Inc.

ADR

(a)

36,088‌

4,375,670‌

TAL

Education

Group

ADR

(a)

117,034‌

5,641,039‌

Tencent

Holdings,

Ltd.

270,367‌

13,032,912‌

Trip.com

Group

Ltd.

ADR

(a)

124,172‌

4,164,729‌

Want

Want

China

Holdings,

Ltd.

1,923,053‌

1,796,738‌

Yum

China

Holdings,

Inc.

114,170‌

5,481,302‌

Total

111,110,767‌

Hong

Kong

-

0.5%

Haier

Electronics

Group

Co.,

Ltd.

366,381‌

1,144,970‌

India

-

11.8%

Hero

MotoCorp,

Ltd.

57,561‌

1,970,132‌

Hindustan

Unilever,

Ltd.

414,826‌

11,175,835‌

ITC,

Ltd.

1,719,018‌

5,724,589‌

Mahindra

&

Mahindra,

Ltd.

358,052‌

2,666,398‌

Maruti

Suzuki

India,

Ltd.

71,080‌

7,337,821‌

Total

28,874,775‌

Indonesia

-

2.7%

PT

Astra

International

Tbk

4,846,680‌

2,417,667‌

PT

Telekomunikasi

Indonesia

Persero

Tbk

11,385,313‌

3,255,876‌

PT

Unilever

Indonesia

Tbk

274,038‌

829,072‌

Total

6,502,615‌

Mexico

-

2.9%

Coca-Cola

Femsa

SAB

de

CV

92,000‌

559,678‌

Fomento

Economico

Mexicano

SAB

de

CV

Series

UBD

325,570‌

3,080,364‌

Grupo

Televisa

SAB

Series

CPO

443,195‌

1,041,335‌

Wal-Mart

de

Mexico

SAB

de

CV

887,017‌

2,543,527‌

Total

7,224,904‌

Russia

-

4.6%

Magnit

PJSC

GDR

221,813‌

2,673,956‌

Common

Stocks

(continued)

Issuer

Shares

Value

($)

X5

Retail

Group

NV

GDR

65,493‌

2,259,508‌

Yandex

NV

Class

A

(a)

145,778‌

6,339,885‌

Total

11,273,349‌

South

Africa

-

3.7%

Shoprite

Holdings,

Ltd.

420,786‌

3,789,135‌

Vodacom

Group,

Ltd.

644,916‌

5,317,611‌

Total

9,106,746‌

Taiwan

-

11.1%

Chunghwa

Telecom

Co.,

Ltd.

2,236,036‌

8,205,089‌

Hotai

Motor

Co.,

Ltd.

208,958‌

4,760,927‌

President

Chain

Store

Corp.

330,243‌

3,349,030‌

Taiwan

Mobile

Co.,

Ltd.

958,815‌

3,582,323‌

Uni-President

Enterprises

Corp.

3,008,215‌

7,446,027‌

Total

27,343,396‌

Thailand

-

3.2%

Advanced

Info

Service

PCL

345,700‌

2,458,260‌

CP

ALL

PCL

1,421,805‌

3,429,467‌

Thai

Beverage

PCL

3,001,144‌

1,986,404‌

Total

7,874,131‌

United

Arab

Emirates

-

1.0%

Emirates

Telecommunications

Group

Co.

PJSC

571,712‌

2,546,373‌

Total

Common

Stocks

(Cost:

$

226,419,466

)

231,300,027‌

Exchange-Traded

Equity

Funds

3

.5

%

Issuer

Shares

Value

($)

United

States  3.5%

iShares

MSCI

Saudi

Arabia

ETF

280,601

8,676,183

Total

Exchange-Traded

Equity

Funds

(Cost

$8,709,855)

8,676,183

Preferred

Stocks

-

2

.2

%

Issuer

Shares

Value

($)

Brazil

-

2.2%

Cia

Brasileira

de

Distribuicao

Preference

Shares

92,034‌

2,005,315‌

Telefonica

Brasil

SA

Preference

Shares

243,629‌

3,511,474‌

Total

5,516,789‌

Total

Preferred

Stocks

(Cost:

$

5,313,299

)

5,516,789‌

Money

Market

Funds

-

0

.2

%

Issuer

Shares

Value

($)

Goldman

Sachs

Financial

Square

Funds

—

Treasury

Instruments

Fund,

Institutional

Shares,

1.434%

(c)

424,400‌

424,400‌

Total

Money

Market

Funds

(Cost

$424,400)

424,400‌

Total

Investments

in

Securities

(Cost:

$240,867,020)

245,917,399‌

Other

Assets

&

Liabilities,

Net

4,527‌

Net

Assets

245,921,926‌

PORTFOLIO

OF

INVESTMENTS

(continued)

Columbia

Emerging

Markets

Consumer

ETF

December

31,

2019

(Unaudited)

2

|

Notes

to

Portfolio

of

Investments

Abbreviation

Legend

(a)

Non-income

producing

investment.

(b)

Represents

privately

placed

and

other

securities

and

instruments

exempt

from

SEC

registration

(collectively,

private

placements),

such

as

Section

4(a)(2)

and

Rule

144A

eligible

securities,

which

are

often

sold

only

to

qualified

institutional

buyers.

The

Fund

may

invest

in

private

placements

determined

to

be

liquid

as

well

as

those

determined

to

be

illiquid.

Private

placements

may

be

determined

to

be

liquid

under

guidelines

established

by

the

Fund’s

Board

of

Trustees.

At

December

31,

2019,

the

net

value

of

these

securities

amounted

to

$2,972,241

which

represents

1.21%

of

net

assets.

(c)

The

rate

shown

is

the

seven-day

current

annualized

yield

at

December

31,

2019.

ADR

American

Depositary

Receipts

ETF

Exchange

Traded

Fund

GDR

Global

Depositary

Receipts

PJSC

Private

Joint

Stock

Company

Investments

are

valued

using

policies

described

in

the

Notes

to

Financial

Statements

in

the

most

recent

shareholder

report.