PORTFOLIO

OF

INVESTMENTS

(Consolidated)

Columbia

India

Consumer

ETF

December

31,

2019

(Unaudited)

(Percentages

represent

value

of

investments

compared

to

net

assets)

Investments

in

Securities

|

1

Notes

to

Consolidated

Portfolio

of

Investments

Common

Stocks

-

100

.2

%

Issuer

Shares

Value

($)

Consumer

Discretionary

-

52.6%

Aditya

Birla

Fashion

and

Retail,

Ltd.

(a)

350,431‌

1,137,531‌

Bajaj

Auto,

Ltd.

116,800‌

5,211,791‌

Bharat

Forge,

Ltd.

303,709‌

2,055,769‌

Bosch,

Ltd.

11,588‌

2,496,014‌

Eicher

Motors,

Ltd.

15,789‌

4,980,422‌

Exide

Industries,

Ltd.

544,863‌

1,423,642‌

Future

Retail,

Ltd.

(a)

212,198‌

1,015,979‌

Hero

MotoCorp,

Ltd.

125,611‌

4,299,270‌

Jubilant

Foodworks,

Ltd.

91,887‌

2,127,050‌

Mahindra

&

Mahindra,

Ltd.

515,327‌

3,837,618‌

Maruti

Suzuki

India,

Ltd.

49,509‌

5,110,976‌

Motherson

Sumi

Systems,

Ltd.

1,519,464‌

3,119,686‌

MRF,

Ltd.

3,210‌

2,982,989‌

Page

Industries,

Ltd.

5,410‌

1,773,045‌

Rajesh

Exports,

Ltd.

175,125‌

1,642,238‌

Tata

Motors,

Ltd.

(a)

1,900,597‌

4,930,018‌

Titan

Co.,

Ltd.

327,661‌

5,453,278‌

Total

53,597,316‌

Common

Stocks

(continued)

Issuer

Shares

Value

($)

Consumer

Staples

-

47.6%

Avenue

Supermarts,

Ltd.

(a),(b)

129,581‌

3,337,369‌

Britannia

Industries

Ltd.

112,679‌

4,779,747‌

Colgate-Palmolive

India,

Ltd.

171,704‌

3,519,085‌

Dabur

India,

Ltd.

718,275‌

4,612,858‌

GlaxoSmithKline

Consumer

Healthcare,

Ltd.

14,921‌

1,736,905‌

Godrej

Consumer

Products,

Ltd.

446,039‌

4,277,723‌

Hindustan

Unilever,

Ltd.

202,963‌

5,468,030‌

ITC,

Ltd.

1,182,134‌

3,936,684‌

Marico,

Ltd.

668,948‌

3,201,437‌

Nestle

India,

Ltd.

34,163‌

7,076,563‌

Procter

&

Gamble

Hygiene

&

Health

Care,

Ltd.

12,299‌

1,972,406‌

United

Breweries,

Ltd.

83,519‌

1,486,075‌

United

Spirits,

Ltd.

(a)

362,635‌

3,045,999‌

Total

48,450,881‌

Total

Investments

in

Securities

(Cost:

$81,570,050)

102,048,197‌

Other

Assets

&

Liabilities,

Net

(

214,495‌

)

Net

Assets

101,833,702‌

(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

$3,337,369

which

represents

3.28%

of

net

assets.

Investments

are

valued

using

policies

described

in

the

Notes

to

Financial

Statements

in

the

most

recent

shareholder

report.