PORTFOLIO

OF

INVESTMENTS

Columbia

EM

Core

ex-China

ETF

December

31,2019

(Unaudited)

(Percentages

represent

value

of

investments

compared

to

net

assets)

Investments

in

Securities

|

1

Common

Stocks

-

92.1%

Issuer

Shares

Value

($)

Brazil

-

7.3%

B3

SA

-

Brasil

Bolsa

Balcao

13,010‌

138,971‌

Banco

do

Brasil

SA

9,444‌

124,004‌

BRF

SA

(a)

4,972‌

43,507‌

Magazine

Luiza

SA

13,608‌

161,360‌

Petroleo

Brasileiro

SA

ADR

13,739‌

219,000‌

TIM

Participacoes

SA

59,400‌

231,386‌

Vale

SA

23,031‌

305,156‌

Total

1,223,384‌

Chile

-

0.8%

Cia

Cervecerias

Unidas

SA

5,836‌

57,200‌

Empresas

COPEC

SA

9,440‌

84,739‌

Total

141,939‌

India

-

14.2%

Dr.

Reddy's

Laboratories,

Ltd.

ADR

5,168‌

209,718‌

HDFC

Bank,

Ltd.

ADR

11,447‌

725,396‌

ICICI

Bank,

Ltd.

ADR

44,934‌

678,054‌

Infosys,

Ltd.

ADR

47,310‌

488,239‌

Tata

Motors,

Ltd.

ADR

(a)

8,561‌

110,694‌

Vedanta,

Ltd.

ADR

12,770‌

110,205‌

Wipro,

Ltd.

ADR

10,599‌

39,746‌

Total

2,362,052‌

Indonesia

-

3.8%

PT

Astra

International

Tbk

152,442‌

76,043‌

PT

Bank

Central

Asia

Tbk

139,309‌

335,415‌

PT

Bank

Mandiri

Persero

Tbk

233,410‌

129,042‌

PT

Telekomunikasi

Indonesia

Persero

Tbk

333,706‌

95,430‌

Total

635,930‌

Malaysia

-

3.7%

Dialog

Group

Bhd

265,724‌

224,116‌

IHH

Healthcare

Bhd

109,214‌

146,046‌

Petronas

Dagangan

Bhd

23,648‌

133,546‌

Tenaga

Nasional

Bhd

37,876‌

122,781‌

Total

626,489‌

Mexico

-

2.3%

Grupo

Bimbo

SAB

de

CV

Series

A

48,368‌

88,186‌

Grupo

Mexico

SAB

de

CV

Series

B

46,216‌

126,920‌

Wal-Mart

de

Mexico

SAB

de

CV

57,083‌

163,686‌

Total

378,792‌

Philippines

-

2.0%

Aboitiz

Power

Corp.

98,616‌

66,594‌

Bloomberry

Resorts

Corp.

20,312‌

4,532‌

Jollibee

Foods

Corp.

12,354‌

52,690‌

Manila

Electric

Co.

7,350‌

46,005‌

Puregold

Price

Club,

Inc.

59,955‌

47,057‌

SM

Investments

Corp.

5,372‌

110,633‌

Total

327,511‌

Poland

-

1.9%

Powszechna

Kasa

Oszczednosci

Bank

Polski

SA

18,911‌

172,068‌

Powszechny

Zaklad

Ubezpieczen

SA

14,019‌

148,174‌

Total

320,242‌

Russia

-

6.0%

Gazprom

PJSC

ADR

28,386‌

233,560‌

LUKOIL

PJSC

ADR

4,874‌

483,403‌

Sberbank

of

Russia

PJSC

ADR

17,222‌

283,130‌

Total

1,000,093‌

South

Africa

-

6.7%

Anglo

American

Platinum,

Ltd.

1,047‌

97,885‌

AngloGold

Ashanti,

Ltd.

6,441‌

145,785‌

Common

Stocks

(continued)

Issuer

Shares

Value

($)

Bid

Corp.,

Ltd.

8,220‌

194,109‌

Bidvest

Group,

Ltd.

(The)

8,925‌

130,695‌

FirstRand,

Ltd.

22,850‌

102,620‌

Foschini

Group,

Ltd.

(The)

12,692‌

135,683‌

Kumba

Iron

Ore,

Ltd.

392‌

11,691‌

Nedbank

Group,

Ltd.

7,264‌

111,322‌

Sasol,

Ltd.

4,300‌

93,322‌

Shoprite

Holdings,

Ltd.

9,813‌

88,365‌

Total

1,111,477‌

South

Korea

-

15.5%

Celltrion

,

Inc.

(a)

972‌

152,178‌

Hana

Financial

Group,

Inc.

2,533‌

80,823‌

Hyundai

Mobis

Co.,

Ltd.

375‌

83,013‌

Hyundai

Motor

Co.

1,142‌

118,994‌

KB

Financial

Group,

Inc.

4,719‌

194,440‌

Kia

Motors

Corp.

(a)

3,047‌

116,721‌

KT&G

Corp.

1,045‌

84,760‌

LG

Electronics,

Inc.

1,353‌

84,354‌

POSCO

647‌

132,315‌

Samsung

Electro-Mechanics

Co.,

Ltd.

(a)

796‌

86,039‌

Samsung

Electronics

Co.,

Ltd.

19,443‌

938,147‌

Shinhan

Financial

Group

Co.,

Ltd.

4,828‌

180,980‌

SK

Hynix,

Inc.

4,084‌

332,314‌

Total

2,585,078‌

Taiwan

-

21.7%

ASE

Technology

Holding

Co.,

Ltd.

23,760‌

65,945‌

Catcher

Technology

Co.,

Ltd.

9,159‌

69,356‌

Chang

Hwa

Commercial

Bank,

Ltd.

118,499‌

89,733‌

China

Steel

Corp.

142,629‌

113,715‌

Chipbond

Technology

Corp.

40,374‌

90,507‌

Chunghwa

Telecom

Co.,

Ltd.

46,731‌

171,478‌

CTBC

Financial

Holding

Co.,

Ltd.

126,156‌

94,269‌

Eva

Airways

Corp.

149,551‌

68,597‌

Far

Eastern

New

Century

Corp.

116,145‌

115,653‌

Far

EasTone

Telecommunications

Co.,

Ltd.

81,163‌

195,211‌

Formosa

Chemicals

&

Fibre

Corp.

18,803‌

54,884‌

Formosa

Petrochemical

Corp.

18,506‌

60,191‌

Formosa

Plastics

Corp.

44,602‌

148,490‌

Formosa

Taffeta

Co.,

Ltd.

58,879‌

67,174‌

Hon

Hai

Precision

Industry

Co.,

Ltd.

79,749‌

241,559‌

Largan

Precision

Co.,

Ltd.

655‌

109,250‌

Makalot

Industrial

Co.,

Ltd.

7,066‌

37,125‌

MediaTek

,

Inc.

10,223‌

151,246‌

Nan

Ya

Plastics

Corp.

63,277‌

153,670‌

President

Chain

Store

Corp.

14,182‌

143,821‌

Taiwan

Business

Bank

214,506‌

90,162‌

Taiwan

Mobile

Co.,

Ltd.

36,537‌

136,509‌

Taiwan

Semiconductor

Manufacturing

Co.,

Ltd.

97,102‌

1,072,181‌

Uni

-President

Enterprises

Corp.

29,892‌

73,990‌

Total

3,614,716‌

Thailand

-

5.6%

BTS

Group

Holdings

PCL

NVDR

814,594‌

358,975‌

CP

ALL

PCL

NVDR

31,498‌

75,975‌

Home

Product

Center

PCL

NVDR

177,313‌

94,713‌

Ratch

Group

PCL

42,292‌

97,069‌

Siam

Cement

PCL

(The)

5,201‌

68,064‌

Siam

Commercial

Bank

PCL

(The)

25,513‌

103,913‌

Tesco

Lotus

Retail

Growth

Freehold

&

Leasehold

Property

Fund

130,213‌

88,247‌

PORTFOLIO

OF

INVESTMENTS

(continued)

Columbia

EM

Core

ex-China

ETF

December

31,2019

(Unaudited)

2

|

Notes

to

Portfolio

of

Investments

Abbreviation

Legend

Common

Stocks

(continued)

Issuer

Shares

Value

($)

Thai

Union

Group

PCL

NVDR

97,729‌

44,046‌

Total

931,002‌

Turkey

-

0.6%

Tupras

Turkiye

Petrol

Rafinerileri

AS

4,710‌

100,358‌

Total

Common

Stocks

(Cost:

$12,751,841)

15,359,063‌

Preferred

Stocks

-

7.1%

Issuer

Shares

Value

($)

Brazil

-

6.6%

Banco

Bradesco

SA

Preference

Shares

23,451‌

210,859‌

Cia

Brasileira

de

Distribuicao

Preference

Shares

3,663‌

79,812‌

Itau

Unibanco

Holding

SA

Preference

Shares

32,744‌

301,987‌

Itausa

-

Investimentos

Itau

SA

Preference

Shares

50,262‌

176,049‌

Petroleo

Brasileiro

SA

Preference

Shares

45,099‌

338,352‌

Total

1,107,059‌

Preferred

Stocks

(continued)

Issuer

Shares

Value

($)

Chile

-

0.5%

Sociedad

Quimica

y

Minera

de

Chile

SA

Preference

Shares

Class

B

2,747‌

73,465‌

Total

Preferred

Stocks

(Cost:

$857,477)

1,180,524‌

Warrants

-

0.0%

Issuer

Shares

Value

($)

Thailand

-

0.0%

BTS

Group

Holdings

PCL,

expiring

1/05/21

(a),(b),(c)

76,095‌

0‌

Total

Warrants

(Cost

$0)

0‌

Money

Market

Funds

-

0.3%

Issuer

Shares

Value

($)

Goldman

Sachs

Financial

Square

Funds

—

Treasury

Instruments

Fund,

Institutional

Shares,

1.434%

(d)

56,995‌

56,995‌

Total

Money

Market

Funds

(Cost

$56,995)

56,995‌

Total

Investments

in

Securities

(Cost:

$13,666,313)

16,596,582‌

Other

Assets

&

Liabilities,

Net

79,724‌

Net

Assets

16,676,306‌

(a)

Non-income

producing

investment.

(b)

Represents

fair

value

as

determined

in

good

faith

under

procedures

approved

by

the

Board

of

Trustees.

At

December

31,

2019,

the

value

of

these

securities

amounted

to

$0,

which

represents

less

than

0.01%

of

net

assets.

(c)

Valuation

based

on

significant

unobservable

inputs.

(d)

The

rate

shown

is

the

seven-day

current

annualized

yield

at

December

31,

2019.

ADR

American

Depositary

Receipts

NVDR

Non-Voting

Depository

Receipts

PJSC

Private

Joint

Stock

Company

Investments

are

valued

using

policies

described

in

the

Notes

to

Financial

Statements

in

the

most

recent

shareholder

report.