# EDGAR Filing Document

**Accession Number:** 0001450501
**File Stem:** 0001193125-26-257660
**Filing Date:** 2026-6
**Character Count:** 225365
**Document Hash:** ab82e67feeb968b164d0c632fa97d973
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-257660.hdr.sgml**: 20260604

**ACCESSION NUMBER**: 0001193125-26-257660

**CONFORMED SUBMISSION TYPE**: N-CSR

**PUBLIC DOCUMENT COUNT**: 21

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260604

**DATE AS OF CHANGE**: 20260604

**EFFECTIVENESS DATE**: 20260604

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Columbia ETF Trust II
- **CENTRAL INDEX KEY:** 0001450501

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** N-CSR
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22255
- **FILM NUMBER:** 261065796

**BUSINESS ADDRESS:**
- **STREET 1:** 290 CONGRESS STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 888-800-4347

**MAIL ADDRESS:**
- **STREET 1:** 290 CONGRESS STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EGA Emerging Global Shares Trust
- **DATE OF NAME CHANGE:** 20081120

## Series and Classes Contracts Data

### Columbia Research Enhanced Emerging Economies ETF (Series ID: S000028760)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000088095 | Columbia Research Enhanced Emerging Economies ETF | ECON            |

### Columbia India Consumer ETF (Series ID: S000032847)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000101379 | Columbia India Consumer ETF | INCO            |

### Columbia EM Core ex-China ETF (Series ID: S000050481)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000159357 | Columbia EM Core ex-China ETF | XCEM            |

?xml version='1.0' encoding='ASCII'? N-CSR

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

### FORM N-CSR

#### CERTIFIED SHAREHOLDER REPORT OF REGISTERED

#### MANAGEMENT INVESTMENT COMPANIES

#### Investment Company Act file number 811-22255

## Columbia ETF Trust II

#### (Exact name of registrant as specified in charter)

#### 290 Congress Street

#### Boston, MA 02210

#### (Address of principal executive offices) (Zip code)

#### Michael G. Clarke

#### c/o Columbia Management Investment Advisers, LLC

#### 290 Congress Street

#### Boston, MA 02210

#### Ryan C. Larrenaga, Esq.

#### c/o Columbia Management Investment Advisers, LLC

#### 290 Congress Street

#### Boston, MA 02210

#### (Name and address of agent for service)

#### Registrant's telephone number, including area code: (800) 345-6611

#### Date of fiscal year end: Last Day of March

#### Date of reporting period: March 31, 2026

------

#### Item 1. Reports to Stockholders.

# Columbia EM Core ex-China ETF
XCEM \| NYSE Arca, Inc.

![Image](g123238g34s87.jpg)

## Annual Shareholder Report \| March 31, 2026
This annual shareholder report contains important information about Columbia EM Core ex-China ETF (the Fund) for the period of April 1, 2025 to March 31, 2026. You can find additional information about the Fund at columbiathreadneedleus.com/resources/literature. You can also request more information by contacting us at 1-800-426-3750.

## What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| Fund | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Columbia EM Core ex-China ETF | $19 | 0.16% |

---

## Management's Discussion of Fund Performance
The performance of the Fund for the period presented is shown in the Average Annual Total Returns table.

### Top Performance Contributors
**Stock selection** \| Selections in the information technology, consumer discretionary and communication services sectors boosted the Fund's relative performance during the annual period.

**Allocations** \| Smaller allocations to the consumer discretionary and communication services sectors and a larger allocation to the information technology sector buoyed the Fund's relative performance during the annual period.

**Individual holdings** \| Positions in Taiwan Semiconductor Manufacturing, a Taiwanese semiconductor company; Samsung Electronics, a South Korean technology company; and SK Hynix, a South Korean semiconductor company, contributed to relative performance during the annual period. Zero weights in Tencent and Alibaba, two Chinese technology companies, also contributed to relative performance.

### Top Performance Detractors
**Stock selection** \| Selections in the industrials, materials and utilities sectors hurt the Fund's relative performance during the annual period.

**Allocations** \| Larger weightings in the financials, real estate and energy sectors detracted from the Fund's relative performance.

**Individual holdings** \| Fund positions in International Holding Company, a United Arab Emirates investment holding company; ICICI Bank, an Indian bank; and Infosys, an Indian technology company, detracted from relative performance during the annual period. A zero weight in Anglogold Ashanti, a South African gold miner, and an underweight allocation in Vale, a Brazilian metals and mining company, also detracted from relative performance.

Columbia EM Core ex-China ETF \| ASR274-00_(05/26) \|

## Fund Performance
The following shows the change in value of a hypothetical $10,000 investment in shares of Columbia EM Core ex-China ETF during the stated time period.

### Growth of $10,000
![Growth of 10K Chart](g123238g58u76.jpg)

---

| | | | |
|:---|:---|:---|:---|
| | **Columbia EM Core ex-China ETF - Net Asset Value ($24596)** | **MSCI Emerging Markets Index (Net) ($21190)** | **Beta Thematic Emerging Markets ex-China Index ($24466)** |
| **03/16** | $10000 | $10000 | $10000 |
| **04/16** | $10245 | $10054 | $10149 |
| **05/16** | $9694 | $9679 | $9624 |
| **06/16** | $10259 | $10066 | $10189 |
| **07/16** | $10782 | $10573 | $10792 |
| **08/16** | $10947 | $10835 | $10902 |
| **09/16** | $11022 | $10975 | $10986 |
| **10/16** | $11319 | $11001 | $11183 |
| **11/16** | $10617 | $10495 | $10464 |
| **12/16** | $10767 | $10518 | $10629 |
| **01/17** | $11368 | $11093 | $11212 |
| **02/17** | $11659 | $11433 | $11568 |
| **03/17** | $11883 | $11722 | $11845 |
| **04/17** | $12093 | $11978 | $12031 |
| **05/17** | $12379 | $12332 | $12239 |
| **06/17** | $12474 | $12456 | $12276 |
| **07/17** | $13071 | $13199 | $12897 |
| **08/17** | $13214 | $13493 | $13143 |
| **09/17** | $13195 | $13440 | $13082 |
| **10/17** | $13514 | $13911 | $13461 |
| **11/17** | $13600 | $13939 | $13460 |
| **12/17** | $14176 | $14439 | $14004 |
| **01/18** | $15347 | $15643 | $14993 |
| **02/18** | $14842 | $14921 | $14474 |
| **03/18** | $14587 | $14644 | $14174 |
| **04/18** | $14420 | $14579 | $13982 |
| **05/18** | $13525 | $14062 | $13196 |
| **06/18** | $13062 | $13478 | $12672 |
| **07/18** | $13650 | $13774 | $13255 |
| **08/18** | $13379 | $13402 | $13014 |
| **09/18** | $13494 | $13331 | $12985 |
| **10/18** | $12719 | $12170 | $11962 |
| **11/18** | $12885 | $12671 | $12335 |
| **12/18** | $12747 | $12336 | $12158 |
| **01/19** | $13811 | $13416 | $13072 |
| **02/19** | $13618 | $13446 | $12894 |
| **03/19** | $13655 | $13559 | $12978 |
| **04/19** | $13967 | $13844 | $13295 |
| **05/19** | $13419 | $12839 | $12788 |
| **06/19** | $14258 | $13641 | $13479 |
| **07/19** | $14026 | $13474 | $13291 |
| **08/19** | $13360 | $12817 | $12586 |
| **09/19** | $13779 | $13062 | $12998 |
| **10/19** | $14478 | $13613 | $13616 |
| **11/19** | $14301 | $13594 | $13531 |
| **12/19** | $15258 | $14608 | $14457 |
| **01/20** | $14401 | $13927 | $13703 |
| **02/20** | $13232 | $13193 | $12525 |
| **03/20** | $10481 | $11161 | $9792 |
| **04/20** | $11546 | $12183 | $10945 |
| **05/20** | $11738 | $12276 | $11202 |
| **06/20** | $12337 | $13179 | $11989 |
| **07/20** | $13342 | $14356 | $12995 |
| **08/20** | $13314 | $14674 | $12969 |
| **09/20** | $13160 | $14438 | $12753 |
| **10/20** | $13210 | $14736 | $12776 |
| **11/20** | $15181 | $16099 | $14729 |
| **12/20** | $16780 | $17282 | $16278 |
| **01/21** | $16897 | $17812 | $16282 |
| **02/21** | $17410 | $17948 | $16733 |
| **03/21** | $17667 | $17677 | $16954 |
| **04/21** | $17980 | $18117 | $17484 |
| **05/21** | $18376 | $18537 | $18053 |
| **06/21** | $18633 | $18569 | $18088 |
| **07/21** | $18130 | $17320 | $17584 |
| **08/21** | $18750 | $17773 | $18177 |
| **09/21** | $17952 | $17067 | $17503 |
| **10/21** | $17924 | $17235 | $17470 |
| **11/21** | $17282 | $16533 | $16932 |
| **12/21** | $18113 | $16843 | $17689 |
| **01/22** | $17964 | $16524 | $17474 |
| **02/22** | $17321 | $16030 | $17004 |
| **03/22** | $17498 | $15668 | $17074 |
| **04/22** | $16171 | $14797 | $15792 |
| **05/22** | $16484 | $14862 | $15987 |
| **06/22** | $14343 | $13874 | $13893 |
| **07/22** | $14890 | $13840 | $14415 |
| **08/22** | $14987 | $13898 | $14518 |
| **09/22** | $13438 | $12269 | $12942 |
| **10/22** | $13916 | $11888 | $13355 |
| **11/22** | $15471 | $13651 | $14941 |
| **12/22** | $14853 | $13459 | $14372 |
| **01/23** | $15967 | $14522 | $15453 |
| **02/23** | $15285 | $13580 | $14808 |
| **03/23** | $15722 | $13991 | $15212 |
| **04/23** | $15734 | $13833 | $15232 |
| **05/23** | $15996 | $13600 | $15514 |
| **06/23** | $16521 | $14117 | $16080 |
| **07/23** | $17192 | $14996 | $16823 |
| **08/23** | $16434 | $14072 | $16078 |
| **09/23** | $15955 | $13704 | $15634 |
| **10/23** | $15320 | $13171 | $14983 |
| **11/23** | $16842 | $14226 | $16502 |
| **12/23** | $17868 | $14782 | $17517 |
| **01/24** | $17260 | $14095 | $16978 |
| **02/24** | $17774 | $14766 | $17531 |
| **03/24** | $18288 | $15132 | $18044 |
| **04/24** | $17998 | $15199 | $17684 |
| **05/24** | $17898 | $15285 | $17613 |
| **06/24** | $18866 | $15888 | $18543 |
| **07/24** | $18967 | $15935 | $18639 |
| **08/24** | $19227 | $16193 | $18931 |
| **09/24** | $19362 | $17274 | $19112 |
| **10/24** | $18831 | $16506 | $18474 |
| **11/24** | $18235 | $15913 | $17923 |
| **12/24** | $18076 | $15891 | $17723 |
| **01/25** | $18494 | $16175 | $18127 |
| **02/25** | $17966 | $16253 | $17628 |
| **03/25** | $17851 | $16356 | $17532 |
| **04/25** | $18427 | $16571 | $18161 |
| **05/25** | $19410 | $17278 | $19170 |
| **06/25** | $20646 | $18317 | $20453 |
| **07/25** | $20810 | $18674 | $20648 |
| **08/25** | $20731 | $18913 | $20640 |
| **09/25** | $21932 | $20266 | $21718 |
| **10/25** | $23557 | $21113 | $23336 |
| **11/25** | $22945 | $20608 | $22810 |
| **12/25** | $24038 | $21225 | $23843 |
| **01/26** | $26289 | $23104 | $26198 |
| **02/26** | $28621 | $24373 | $28623 |
| **03/26** | $24596 | $21190 | $24466 |

---

---

| | | | |
|:---|:---|:---|:---|
| Average Annual Total Returns (%) | 1 year | 5 years | 10 years |
| Columbia EM Core ex-China ETF — Net Asset Value<sup>Footnote Reference(a)</sup> | 37.78 | 6.84 | 9.42 |
| MSCI Emerging Markets Index (Net) | 29.55 | 3.69 | 7.80 |
| Beta Thematic Emerging Markets ex-China Index | 39.55 | 7.61 | 9.36 |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote<sup>(a)</sup> | &nbsp;&nbsp;Columbia Management has been the Fund's investment manager since September 1, 2016. Performance prior to September 1, 2016 is attributable to the Fund's previous investment manager. |

---

**The Fund's past performance is not a good predictor of the Fund's future performance.** Performance does not reflect the deduction of taxes that a shareholder may pay on fund distributions or on the redemptions of fund shares. Performance results reflect the effect of any fee waivers/expense reimbursements, if applicable. All results shown assume reinvestment of distributions. Visit <u>columbiathreadneedleus.com/investment-products/exchange-traded-funds/</u> for more recent performance information.

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $1473006321 |
| **Total number of portfolio holdings** | 332 |
| **Investment management fees (represents 0.16% of Fund average net assets)** | $2027937 |
| **Portfolio turnover for the reporting period** | 32% |

---

Columbia EM Core ex-China ETF \| ASR274-00_(05/26) \|

## Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as a percentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.

#### Geographic Allocation

---

| | |
|:---|:---|
| Taiwan | 29.6% |
| South Korea | 18.6% |
| India | 18.2% |
| Brazil | 5.4% |
| Saudi Arabia | 4.5% |
| South Africa | 4.3% |
| Mexico | 3.5% |
| United Arab Emirates | 3.5% |
| Thailand | 2.1% |
| Malaysia | 1.6% |
| Other | 7.5% |

---

### Top Holdings

---

| | |
|:---|:---|
| Taiwan Semiconductor Manufacturing Co. Ltd. | 16.9% |
| Samsung Electronics Co. Ltd. | 6.6% |
| SK Hynix, Inc. | 3.9% |
| Delta Electronics, Inc. | 1.3% |
| ICICI Bank Ltd. | 1.3% |
| Hon Hai Precision Industry Co. Ltd. | 1.1% |
| MediaTek, Inc. | 1.1% |
| International Holding Co. PJSC | 1.1% |
| Al Rajhi Bank | 1.1% |
| Itau Unibanco Holding SA | 0.8% |

---

#### Sector Allocation

---

| | |
|:---|:---|
| Information Technology | 37.9% |
| Financials | 22.6% |
| Industrials | 8.7% |
| Materials | 6.0% |
| Consumer Discretionary | 5.0% |
| Communication Services | 4.4% |
| Energy | 4.3% |
| Consumer Staples | 3.3% |
| Health Care | 2.9% |
| Utilities | 2.0% |
| Other | 1.7% |

---

## Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund's website included at the beginning of this report or scan the QR code below.

Columbia Management Investment Advisers, LLC serves as the investment manager to the ETFs. **ALPS Distributors, Inc.** (Member FINRA) is the distributor for Columbia Threadneedle Investments ETFs. Columbia Management Investment Distributors, Inc. (Member FINRA) is a marketing agent for the ETFs. ALPS Distributors, Inc. is not affiliated with Columbia Threadneedle Investments.

Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.© 2026 Columbia Threadneedle. All rights reserved.

**Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value**

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.columbiathreadneedleus.com/resources/literature](g123238g78f39.jpg)

CET002832

Columbia EM Core ex-China ETF \| ASR274-00_(05/26) \|

# Columbia India Consumer ETF
INCO \| NYSE Arca, Inc.

![Image](g123238g34s87.jpg)

## Annual Shareholder Report \| March 31, 2026
This annual shareholder report contains important information about Columbia India Consumer ETF (the Fund) for the period of April 1, 2025 to March 31, 2026. You can find additional information about the Fund at columbiathreadneedleus.com/resources/literature. You can also request more information by contacting us at 1-800-426-3750.

## What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| Fund | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Columbia India Consumer ETF | $71 | 0.75% |

---

## Management's Discussion of Fund Performance
The performance of the Fund for the period presented is shown in the Average Annual Total Returns table.

### Top Performance Contributors
**Stock selection** \| Selections in the consumer discretionary and consumer staples sectors helped the Fund's relative performance during the annual period.

**Allocations** \| A larger allocation to the consumer discretionary sector and no allocation to the information technology and financials sectors buoyed the Fund's relative performance during the annual period.

**Individual holdings** \| Positions in TVS Motor Co., a motorcycle company; Titan Co., a fashion accessories company; Hero MotoCorp, a motorcycle company; and Eicher Motors, an auto company, contributed to the Fund's relative performance during the annual period. A zero weight in HDFC Bank also contributed to relative performance.

### Top Performance Detractors
**Allocations** \| A larger weighting in consumer staples and zero weights in the energy and materials sectors detracted from relative performance.

**Individual holdings** \| The Fund's positions in Trent, a fashion and lifestyle retailer; Varun Beverages, which manufactures, bottles and distributes beverages; ITC, a diversified conglomerate known for tobacco; Indian Hotels Co., a hospitality company; and Tata Motors Passenger Vehicles, an auto company, were top detractors from relative performance during the period.

Columbia India Consumer ETF \| ASR279-00_(05/26) \|

## Fund Performance
The following shows the change in value of a hypothetical $10,000 investment in shares of Columbia India Consumer ETF during the stated time period.

### Growth of $10,000
![Growth of 10K Chart](g123238g11j19.jpg)

---

| | | | |
|:---|:---|:---|:---|
| | **Columbia India Consumer ETF - Net Asset Value ($21707)** | **MSCI India Index (Net) ($21197)** | **Indxx India Consumer Index ($26479)** |
| **03/16** | $10000 | $10000 | $10000 |
| **04/16** | $10032 | $10048 | $10039 |
| **05/16** | $10350 | $10236 | $10363 |
| **06/16** | $10709 | $10372 | $10731 |
| **07/16** | $11300 | $10961 | $11334 |
| **08/16** | $11457 | $11088 | $11500 |
| **09/16** | $11560 | $10986 | $11611 |
| **10/16** | $11576 | $10932 | $11636 |
| **11/16** | $10433 | $10117 | $10497 |
| **12/16** | $10501 | $10109 | $10573 |
| **01/17** | $11041 | $10549 | $11123 |
| **02/17** | $11558 | $11172 | $11652 |
| **03/17** | $12306 | $11840 | $12465 |
| **04/17** | $12846 | $12068 | $13027 |
| **05/17** | $13248 | $12280 | $13445 |
| **06/17** | $13366 | $12184 | $13576 |
| **07/17** | $13993 | $13123 | $14225 |
| **08/17** | $13922 | $13024 | $14166 |
| **09/17** | $13655 | $12544 | $13906 |
| **10/17** | $14590 | $13469 | $14870 |
| **11/17** | $15162 | $13374 | $15466 |
| **12/17** | $16054 | $14027 | $16390 |
| **01/18** | $15749 | $14510 | $16090 |
| **02/18** | $14964 | $13537 | $15296 |
| **03/18** | $14723 | $13052 | $15081 |
| **04/18** | $15591 | $13589 | $15983 |
| **05/18** | $15029 | $13100 | $15440 |
| **06/18** | $14720 | $12973 | $15126 |
| **07/18** | $15312 | $13818 | $15763 |
| **08/18** | $15341 | $13951 | $15832 |
| **09/18** | $13242 | $12681 | $13613 |
| **10/18** | $12551 | $11796 | $12903 |
| **11/18** | $14036 | $13019 | $14448 |
| **12/18** | $14197 | $13002 | $14632 |
| **01/19** | $13103 | $12752 | $13574 |
| **02/19** | $13164 | $12756 | $13643 |
| **03/19** | $13541 | $13933 | $14068 |
| **04/19** | $13377 | $14011 | $13906 |
| **05/19** | $13213 | $14041 | $13743 |
| **06/19** | $13271 | $14003 | $13815 |
| **07/19** | $12389 | $13273 | $12894 |
| **08/19** | $12302 | $12885 | $12804 |
| **09/19** | $13332 | $13281 | $13869 |
| **10/19** | $14323 | $13855 | $14943 |
| **11/19** | $13567 | $13778 | $14128 |
| **12/19** | $13692 | $13987 | $14266 |
| **01/20** | $13783 | $13877 | $14377 |
| **02/20** | $12747 | $12868 | $13290 |
| **03/20** | $9939 | $9633 | $10339 |
| **04/20** | $11365 | $11188 | $11834 |
| **05/20** | $11604 | $10877 | $12094 |
| **06/20** | $12240 | $11616 | $12769 |
| **07/20** | $12831 | $12822 | $13427 |
| **08/20** | $13444 | $13271 | $14148 |
| **09/20** | $13576 | $13353 | $14276 |
| **10/20** | $13205 | $13503 | $13889 |
| **11/20** | $14602 | $14668 | $15478 |
| **12/20** | $15618 | $16163 | $16641 |
| **01/21** | $15906 | $15786 | $17052 |
| **02/21** | $16116 | $16612 | $17353 |
| **03/21** | $16466 | $16989 | $17637 |
| **04/21** | $15870 | $16831 | $16995 |
| **05/21** | $17360 | $18291 | $18756 |
| **06/21** | $17408 | $18163 | $18815 |
| **07/21** | $17337 | $18320 | $18747 |
| **08/21** | $18331 | $20324 | $19904 |
| **09/21** | $18629 | $20447 | $20367 |
| **10/21** | $18791 | $20284 | $20596 |
| **11/21** | $18101 | $19668 | $19789 |
| **12/21** | $18694 | $20403 | $20429 |
| **01/22** | $18452 | $20124 | $20154 |
| **02/22** | $17695 | $19318 | $19303 |
| **03/22** | $17325 | $20024 | $18827 |
| **04/22** | $17574 | $19689 | $19196 |
| **05/22** | $17664 | $18542 | $19230 |
| **06/22** | $16641 | $17291 | $18158 |
| **07/22** | $18113 | $18903 | $19918 |
| **08/22** | $18725 | $19680 | $20710 |
| **09/22** | $17937 | $18415 | $19776 |
| **10/22** | $17940 | $18887 | $19832 |
| **11/22** | $18244 | $19868 | $20178 |
| **12/22** | $17310 | $18780 | $19146 |
| **01/23** | $17508 | $18218 | $19346 |
| **02/23** | $16959 | $17386 | $18734 |
| **03/23** | $16913 | $17587 | $18726 |
| **04/23** | $17908 | $18320 | $19946 |
| **05/23** | $18773 | $18853 | $21086 |
| **06/23** | $19813 | $19739 | $22392 |
| **07/23** | $20027 | $20329 | $22704 |
| **08/23** | $19893 | $19941 | $22606 |
| **09/23** | $20286 | $20275 | $23100 |
| **10/23** | $20141 | $19672 | $22949 |
| **11/23** | $21829 | $20987 | $25118 |
| **12/23** | $23217 | $22687 | $26945 |
| **01/24** | $23629 | $23234 | $27489 |
| **02/24** | $24682 | $23871 | $28936 |
| **03/24** | $25158 | $24064 | $29584 |
| **04/24** | $25581 | $24622 | $30137 |
| **05/24** | $25657 | $24796 | $30340 |
| **06/24** | $27617 | $26520 | $32986 |
| **07/24** | $29008 | $27574 | $34865 |
| **08/24** | $29190 | $27864 | $35662 |
| **09/24** | $30184 | $28453 | $37308 |
| **10/24** | $27332 | $26102 | $33034 |
| **11/24** | $27023 | $25994 | $32575 |
| **12/24** | $26415 | $25231 | $31714 |
| **01/25** | $25523 | $24334 | $30443 |
| **02/25** | $22774 | $22383 | $27127 |
| **03/25** | $24419 | $24486 | $29168 |
| **04/25** | $25995 | $25665 | $31148 |
| **05/25** | $25963 | $25953 | $31222 |
| **06/25** | $26443 | $26745 | $31904 |
| **07/25** | $25776 | $25381 | $31087 |
| **08/25** | $26549 | $24587 | $32336 |
| **09/25** | $26423 | $24710 | $32307 |
| **10/25** | $26631 | $25795 | $32119 |
| **11/25** | $26533 | $26019 | $32578 |
| **12/25** | $26509 | $25892 | $32491 |
| **01/26** | $24859 | $24571 | $30423 |
| **02/26** | $25735 | $24918 | $31690 |
| **03/26** | $21707 | $21197 | $26479 |

---

---

| | | | |
|:---|:---|:---|:---|
| Average Annual Total Returns (%) | 1 year | 5 years | 10 years |
| Columbia India Consumer ETF — Net Asset Value<sup>Footnote Reference(a)</sup> | (11.11) | 5.68 | 8.06 |
| MSCI India Index (Net) | (13.43) | 4.53 | 7.80 |
| Indxx India Consumer Index | (9.22) | 8.47 | 10.23 |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote<sup>(a)</sup> | &nbsp;&nbsp;Columbia Management has been the Fund's investment manager since September 1, 2016. Performance prior to September 1, 2016 is attributable to the Fund's previous investment manager. |

---

**The Fund's past performance is not a good predictor of the Fund's future performance.** Performance does not reflect the deduction of taxes that a shareholder may pay on fund distributions or on the redemptions of fund shares. Performance results reflect the effect of any fee waivers/expense reimbursements, if applicable. All results shown assume reinvestment of distributions. Visit <u>columbiathreadneedleus.com/investment-products/exchange-traded-funds/</u> for more recent performance information.

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $213191193 |
| **Total number of portfolio holdings** | 31 |
| **Investment management fees (represents 0.75% of Fund average net assets)** | $2181639 |
| **Portfolio turnover for the reporting period** | 20% |

---

Columbia India Consumer ETF \| ASR279-00_(05/26) \|

## Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as a percentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.

#### Geographic Allocation

---

| | |
|:---|:---|
| India | 100.3% |

---

### Top Holdings

---

| | |
|:---|:---|
| Eternal Ltd. | 5.4% |
| Titan Co. Ltd. | 5.1% |
| ITC Ltd. | 5.1% |
| Hindustan Unilever Ltd. | 5.0% |
| Nestle India Ltd. | 5.0% |
| Bajaj Auto Ltd. | 4.9% |
| Mahindra & Mahindra Ltd. | 4.8% |
| Maruti Suzuki India Ltd. | 4.7% |
| Eicher Motors Ltd. | 4.7% |
| TVS Motor Co. Ltd. | 4.7% |

---

#### Sector Allocation

---

| | |
|:---|:---|
| Consumer Discretionary | 63.1% |
| Consumer Staples | 37.2% |

---

## Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund's website included at the beginning of this report or scan the QR code below.

Columbia Management Investment Advisers, LLC serves as the investment manager to the ETFs. **ALPS Distributors, Inc.** (Member FINRA) is the distributor for Columbia Threadneedle Investments ETFs. Columbia Management Investment Distributors, Inc. (Member FINRA) is a marketing agent for the ETFs. ALPS Distributors, Inc. is not affiliated with Columbia Threadneedle Investments.

Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.© 2026 Columbia Threadneedle. All rights reserved.

**Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value**

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.columbiathreadneedleus.com/resources/literature](g123238g78f39.jpg)

CET002832

Columbia India Consumer ETF \| ASR279-00_(05/26) \|

# Columbia Research Enhanced Emerging Economies ETF
ECON \| NYSE Arca, Inc.

![Image](g123238g34s87.jpg)

## Annual Shareholder Report \| March 31, 2026
This annual shareholder report contains important information about Columbia Research Enhanced Emerging Economies ETF (the Fund) for the period of April 1, 2025 to March 31, 2026. You can find additional information about the Fund at columbiathreadneedleus.com/resources/literature. You can also request more information by contacting us at 1-800-426-3750.

## What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| Fund | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Columbia Research Enhanced Emerging Economies ETF | $54 | 0.47% |

---

## Management's Discussion of Fund Performance
The performance of the Fund for the period presented is shown in the Average Annual Total Returns table.

### Top Performance Contributors
**Stock selection** \| Selections in the financials, energy and consumer staples sectors boosted the Fund's relative performance during the annual period.

**Allocations** \| Smaller allocations to the consumer discretionary and health care sectors and a larger allocation to the information technology sector buoyed the Fund's relative performance during the annual period.

**Individual holdings** \| Positions in SK Hynix, a South Korean semiconductor company; Samsung Electronics, a South Korean technology company; and Delta Electronics, a Taiwanese electronics manufacturer, contributed to relative performance during the annual period. An underweight in Alibaba Group, a Chinese technology company, and a zero weight in HDFC Bank, an Indian bank, also contributed to relative performance.

### Top Performance Detractors
**Stock selection** \| Selections in the industrials, consumer discretionary and health care sectors hurt the Fund's relative performance during the annual period.

**Allocations** \| A smaller weighting in the materials sector and larger weightings in the communication services and financials sectors detracted from relative performance.

**Individual holdings** \| Fund positions in Bharti Airtel, an Indian telecom company; Xiaomi, a Chinese technology company; and Kweichow Moutai, a Chinese liquor company, detracted from relative performance during the annual period. An underweight in Taiwan Semiconductor Manufacturing, a Taiwanese semiconductor company, and a zero weight in Anglogold Ashanti, a South African gold miner, also detracted from relative performance.

Columbia Research Enhanced Emerging Economies ETF \| ASR277-00_(05/26) \|

## Fund Performance
The following shows the change in value of a hypothetical $10,000 investment in shares of Columbia Research Enhanced Emerging Economies ETF during the stated time period.

### Growth of $10,000
![Growth of 10K Chart](g123238g62i68.jpg)

---

| | | | |
|:---|:---|:---|:---|
| | **Columbia Research Enhanced Emerging Economies ETF - Net Asset Value ($13807)** | **MSCI Emerging Markets Index (Net) ($21190)** | **Combined Current and Former Indices ($14497)** |
| **03/16** | $10000 | $10000 | $10000 |
| **04/16** | $10097 | $10054 | $10109 |
| **05/16** | $9827 | $9679 | $9838 |
| **06/16** | $10235 | $10066 | $10218 |
| **07/16** | $10836 | $10573 | $10845 |
| **08/16** | $10898 | $10835 | $10912 |
| **09/16** | $10912 | $10975 | $10936 |
| **10/16** | $10792 | $11001 | $10830 |
| **11/16** | $9876 | $10495 | $9915 |
| **12/16** | $9947 | $10518 | $9991 |
| **01/17** | $10339 | $11093 | $10383 |
| **02/17** | $10741 | $11433 | $10801 |
| **03/17** | $11035 | $11722 | $11102 |
| **04/17** | $11387 | $11978 | $11434 |
| **05/17** | $11860 | $12332 | $11950 |
| **06/17** | $11637 | $12456 | $11742 |
| **07/17** | $12194 | $13199 | $12300 |
| **08/17** | $12234 | $13493 | $12345 |
| **09/17** | $12274 | $13440 | $12398 |
| **10/17** | $12185 | $13911 | $12333 |
| **11/17** | $12315 | $13939 | $12471 |
| **12/17** | $12619 | $14439 | $12796 |
| **01/18** | $13017 | $15643 | $13207 |
| **02/18** | $12391 | $14921 | $12577 |
| **03/18** | $11787 | $14644 | $11958 |
| **04/18** | $11751 | $14579 | $11938 |
| **05/18** | $11214 | $14062 | $11401 |
| **06/18** | $10981 | $13478 | $11168 |
| **07/18** | $11120 | $13774 | $11328 |
| **08/18** | $10332 | $13402 | $10512 |
| **09/18** | $10024 | $13331 | $10206 |
| **10/18** | $9241 | $12170 | $9408 |
| **11/18** | $9496 | $12671 | $9684 |
| **12/18** | $9246 | $12336 | $9433 |
| **01/19** | $10173 | $13416 | $10368 |
| **02/19** | $10209 | $13446 | $10415 |
| **03/19** | $10245 | $13559 | $10490 |
| **04/19** | $10484 | $13844 | $10742 |
| **05/19** | $9770 | $12839 | $10018 |
| **06/19** | $10335 | $13641 | $10609 |
| **07/19** | $10145 | $13474 | $10417 |
| **08/19** | $9888 | $12817 | $10155 |
| **09/19** | $9960 | $13062 | $10237 |
| **10/19** | $10313 | $13613 | $10628 |
| **11/19** | $10340 | $13594 | $10649 |
| **12/19** | $10812 | $14608 | $11155 |
| **01/20** | $10550 | $13927 | $10865 |
| **02/20** | $10141 | $13193 | $10444 |
| **03/20** | $9029 | $11161 | $9306 |
| **04/20** | $9672 | $12183 | $9977 |
| **05/20** | $9842 | $12276 | $10156 |
| **06/20** | $10536 | $13179 | $10888 |
| **07/20** | $11234 | $14356 | $11626 |
| **08/20** | $11721 | $14674 | $12147 |
| **09/20** | $11492 | $14438 | $11918 |
| **10/20** | $11708 | $14736 | $12150 |
| **11/20** | $12342 | $16099 | $12818 |
| **12/20** | $13110 | $17282 | $13630 |
| **01/21** | $13521 | $17812 | $14074 |
| **02/21** | $13434 | $17948 | $13985 |
| **03/21** | $12823 | $17677 | $13361 |
| **04/21** | $12888 | $18117 | $13430 |
| **05/21** | $12791 | $18537 | $13494 |
| **06/21** | $13078 | $18569 | $13646 |
| **07/21** | $11843 | $17320 | $12351 |
| **08/21** | $12199 | $17773 | $12737 |
| **09/21** | $11584 | $17067 | $12119 |
| **10/21** | $11908 | $17235 | $12459 |
| **11/21** | $11408 | $16533 | $11936 |
| **12/21** | $11217 | $16843 | $11740 |
| **01/22** | $11161 | $16524 | $11688 |
| **02/22** | $10581 | $16030 | $11149 |
| **03/22** | $9973 | $15668 | $10439 |
| **04/22** | $9945 | $14797 | $10420 |
| **05/22** | $10090 | $14862 | $10583 |
| **06/22** | $10025 | $13874 | $10519 |
| **07/22** | $9880 | $13840 | $10368 |
| **08/22** | $10011 | $13898 | $10520 |
| **09/22** | $9048 | $12269 | $9505 |
| **10/22** | $8313 | $11888 | $8738 |
| **11/22** | $9468 | $13651 | $9959 |
| **12/22** | $9461 | $13459 | $9952 |
| **01/23** | $10229 | $14522 | $10766 |
| **02/23** | $9432 | $13580 | $9926 |
| **03/23** | $9781 | $13991 | $10297 |
| **04/23** | $9595 | $13833 | $10114 |
| **05/23** | $9385 | $13600 | $9819 |
| **06/23** | $9886 | $14117 | $10370 |
| **07/23** | $10444 | $14996 | $10916 |
| **08/23** | $9886 | $14072 | $10329 |
| **09/23** | $9638 | $13704 | $10071 |
| **10/23** | $9370 | $13171 | $9795 |
| **11/23** | $9929 | $14226 | $10401 |
| **12/23** | $10155 | $14782 | $10657 |
| **01/24** | $9607 | $14095 | $10079 |
| **02/24** | $9981 | $14766 | $10476 |
| **03/24** | $10005 | $15132 | $10540 |
| **04/24** | $10039 | $15199 | $10557 |
| **05/24** | $10073 | $15285 | $10589 |
| **06/24** | $10165 | $15888 | $10784 |
| **07/24** | $10199 | $15935 | $10831 |
| **08/24** | $10407 | $16193 | $11082 |
| **09/24** | $11047 | $17274 | $11806 |
| **10/24** | $10606 | $16506 | $11256 |
| **11/24** | $10247 | $15913 | $10936 |
| **12/24** | $10240 | $15891 | $10913 |
| **01/25** | $10430 | $16175 | $11016 |
| **02/25** | $10513 | $16253 | $11098 |
| **03/25** | $10630 | $16356 | $11200 |
| **04/25** | $10674 | $16571 | $11253 |
| **05/25** | $11114 | $17278 | $11772 |
| **06/25** | $11710 | $18317 | $12447 |
| **07/25** | $11934 | $18674 | $12657 |
| **08/25** | $12100 | $18913 | $12828 |
| **09/25** | $12984 | $20266 | $13724 |
| **10/25** | $13541 | $21113 | $14328 |
| **11/25** | $13184 | $20608 | $13988 |
| **12/25** | $13668 | $21225 | $14438 |
| **01/26** | $14822 | $23104 | $15610 |
| **02/26** | $15821 | $24373 | $16619 |
| **03/26** | $13807 | $21190 | $14497 |

---

---

| | | | |
|:---|:---|:---|:---|
| Average Annual Total Returns (%) | 1 year | 5 years | 10 years |
| Columbia Research Enhanced Emerging Economies ETF — Net Asset Value<sup>Footnote Reference(a)</sup><sup>Footnote Reference(b)</sup> | 29.88 | 1.49 | 3.28 |
| MSCI Emerging Markets Index (Net) | 29.55 | 3.69 | 7.80 |
| Beta Advantage<sup>®</sup> Research Enhanced Solactive Emerging Economies Index | 29.43 | N/A | 18.51<sup>Footnote Reference(c)</sup> |
| Combined Current and Former Indices | 29.43 | 1.65<sup>Footnote Reference(d)</sup> | 3.78<sup>Footnote Reference(d)</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote<sup>(a)</sup> | &nbsp;&nbsp;Effective June 28, 2024 (Index Change Date), the Fund tracks and compares its performance to that of the Beta Advantage<sup>®</sup> Research Enhanced Solactive Emerging Economies Index (the Current Index). If the Fund's strategies effective at the Index Change Date had been in place for the prior periods, results shown may have been different. The Current Index commenced operations on May 2, 2024. For periods prior to February 3, 2025, the Fund sought to track the performance of its index, which was not calculated in the manner that the Current Index is currently calculated. As a result, the performance of the Fund and the Current Index for periods prior to that date is not representative of the performance they would have achieved had the Fund sought to track the performance of the Current Index as currently calculated. |
| &nbsp;&nbsp;Footnote<sup>(b)</sup> | &nbsp;&nbsp;Columbia Management has been the Fund's investment manager since September 1, 2016. Performance prior to September 1, 2016 is attributable to the Fund's previous investment manager. |
| &nbsp;&nbsp;Footnote<sup>(c)</sup> | &nbsp;&nbsp;The Index performance is for the period from June 28, 2024 through March 31, 2026. |
| &nbsp;&nbsp;Footnote<sup>(d)</sup> | &nbsp;&nbsp;The Combined Current Index and the Dow Jones Emerging Markets Consumer Titans™ Index (the Former Index) performance represents the Fund's Former Index performance until June 28, 2024 and the Fund's Current Index performance for the period from June 28, 2024 through March 31, 2026. |

---

**The Fund's past performance is not a good predictor of the Fund's future performance.** Performance does not reflect the deduction of taxes that a shareholder may pay on fund distributions or on the redemptions of fund shares. Performance results reflect the effect of any fee waivers/expense reimbursements, if applicable. All results shown assume reinvestment of distributions. Visit <u>columbiathreadneedleus.com/investment-products/exchange-traded-funds/</u> for more recent performance information.

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $284665411 |
| **Total number of portfolio holdings** | 249 |
| **Investment management fees (represents 0.47% of Fund average net assets)** | $917699 |
| **Portfolio turnover for the reporting period** | 39% |

---

Columbia Research Enhanced Emerging Economies ETF \| ASR277-00_(05/26) \|

## Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as a percentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.

#### Geographic Allocation

---

| | |
|:---|:---|
| China | 26.9% |
| Taiwan | 20.4% |
| South Korea | 16.0% |
| India | 11.6% |
| Brazil | 4.7% |
| South Africa | 3.9% |
| Saudi Arabia | 2.6% |
| United Arab Emirates | 2.5% |
| Mexico | 2.1% |
| Thailand | 1.5% |
| Other | 7.0% |

---

### Top Holdings

---

| | |
|:---|:---|
| Samsung Electronics Co. Ltd. | 6.5% |
| Taiwan Semiconductor Manufacturing Co. Ltd. | 5.3% |
| SK Hynix, Inc. | 4.5% |
| Tencent Holdings Ltd. | 2.8% |
| Delta Electronics, Inc. | 2.0% |
| China Construction Bank Corp., Class H | 1.7% |
| Hon Hai Precision Industry Co. Ltd. | 1.7% |
| MediaTek, Inc. | 1.6% |
| Kweichow Moutai Co. Ltd., Class A | 1.4% |
| PDD Holdings, Inc. | 1.3% |

---

#### Sector Allocation

---

| | |
|:---|:---|
| Information Technology | 31.1% |
| Financials | 24.7% |
| Communication Services | 9.0% |
| Consumer Discretionary | 8.1% |
| Materials | 6.9% |
| Industrials | 6.5% |
| Energy | 3.9% |
| Consumer Staples | 3.5% |
| Health Care | 2.7% |
| Utilities | 1.6% |
| Other | 1.2% |

---

## Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund's website included at the beginning of this report or scan the QR code below.

Columbia Management Investment Advisers, LLC serves as the investment manager to the ETFs. **ALPS Distributors, Inc.** (Member FINRA) is the distributor for Columbia Threadneedle Investments ETFs. Columbia Management Investment Distributors, Inc. (Member FINRA) is a marketing agent for the ETFs. ALPS Distributors, Inc. is not affiliated with Columbia Threadneedle Investments.

Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.© 2026 Columbia Threadneedle. All rights reserved.

**Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value**

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.columbiathreadneedleus.com/resources/literature](g123238g78f39.jpg)

CET002832

Columbia Research Enhanced Emerging Economies ETF \| ASR277-00_(05/26) \|

------

#### Item 2. Code of Ethics.
The registrant has adopted a code of ethics (the "Code") that applies to the registrant's principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party. During the period covered by this report, there were not any amendments to a provision of the Code that relates to any element of the code of ethics definition enumerated in paragraph (b) of Item 2 of Form N-CSR. During the period covered by this report, there were no waivers, including any implicit waivers, from a provision of the Code that relates to one or more of the items set forth in paragraph (b) of Item 2 of Form N-CSR. A copy of the Code is attached hereto.

#### Item 3. Audit Committee Financial Expert.
The registrant's Board of Trustees has determined that J. Kevin Connaughton, Brian J. Gallagher, Douglas A. Hacker, David M. Moffett, Amrit Kanwal and Sandra L. Yeager qualify as "audit committee financial experts," as such term is defined in Form N-CSR. Mr. Connaughton, Mr. Gallagher, Mr. Hacker, Mr. Moffett, Mr. Kanwal and Ms. Yeager, are also each "independent" members of the Audit Committee pursuant to paragraph (a)(2) of Item 3 of Form N-CSR.

#### Item 4. Principal Accountant Fees and Services.
The Registrant has engaged its principal accountant to perform audit services, audit-related services, tax services and other services during the past two fiscal years. The following table details the aggregate fees billed or expected to be billed for each of the last two fiscal years for the series of the relevant registrant whose reports to shareholders are included in this annual filing.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Amount billed to the registrant ($)** | **Amount billed to the registrant ($)** | **Amount billed to the registrant's<br>investment advisor ($)** | **Amount billed to the registrant's<br>investment advisor ($)** |
|  | **March 31, 2026** | **March 31, 2025** | **March 31, 2026** | **March 31, 2025** |
|  Audit fees <sup>(a)</sup> | 51940 | 50319 | 0 | 0 |
|  Audit-related fees <sup>(b)</sup> | 0 | 0 | 0 | 0 |
|  Tax fees <sup>(c)</sup> | 22155 | 21105 | 0 | 0 |
|  All other fees <sup>(d)</sup> | 0 | 0 | 0 | 0 |
|  Non-audit fees <sup>(g)</sup> | 0 | 0 | 0 | 0 |

---

(a) Audit Fees include amounts related to the audit of the registrant's annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years.

(b) Audit-Related Fees include amounts for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the registrant's financial statements and are not reported in Audit Fees above.

(c) Tax Fees include amounts for the review of annual tax returns, the review of required shareholder distribution calculations and typically include amounts for professional services by the principal accountant for tax compliance, tax advice, tax planning and foreign tax filings, if applicable.

------

(d) All Other Fees include amounts for products and services provided by the principal accountant, other than the services reported in paragraphs (a) through (c) above and typically include SOC-1 reviews.

(e)(1) Audit Committee Pre-Approval Policies and Procedures

The registrant's Audit Committee is required to pre-approve the engagement of the registrant's independent auditors to provide audit and non-audit services to the registrant and non-audit services to its investment adviser (excluding any sub-adviser whose role is primarily portfolio management and is sub-contracted or overseen by another investment adviser (the "Adviser") or any entity controlling, controlled by or under common control with the Adviser that provides ongoing services to the Fund (a "Control Affiliate") if the engagement relates directly to the operations and financial reporting of the registrant.

The Audit Committee has adopted a Policy for Engagement of Independent Auditors for Audit and Non-Audit Services (the "Policy"). The Policy sets forth the understanding of the Audit Committee regarding the engagement of the registrant's independent accountants to provide (i) audit and permissible audit-related, tax and other services to the registrant ("Fund Services"); (ii) non-audit services to the registrant's Adviser and any Control Affiliates, that relates directly to the operations and financial reporting of a Fund ("Fund-related Adviser Services"); and (iii) certain other audit and non-audit services to the registrant's Adviser and its Control Affiliates. A service will require specific pre-approval by the Audit Committee if it is to be provided by the Fund's independent auditor; provided, however, that pre-approval of non-audit services to the Fund, the Adviser or Control Affiliates may be waived if certain de minimis requirements set forth in the SEC's rules are met.

Under the Policy, the Audit Committee may delegate pre-approval authority to any pre-designated member or members who are independent board members. The member(s) to whom such authority is delegated must report, for informational purposes only, any pre-approval decisions to the Audit Committee at its next regular meeting. The Audit Committee's responsibilities with respect to the pre-approval of services performed by the independent auditor may not be delegated to management.

On an annual basis, at a regularly scheduled Audit Committee meeting, the Fund's Treasurer or other Fund officer shall submit to the Audit Committee a schedule of the types of Fund Services and Fund-related Adviser Services that are subject to specific pre-approval. This schedule will provide a description of each type of service that is subject to specific pre-approval, along with total projected fees for each service. The pre-approval will generally cover a one-year period. The Audit Committee will review and approve the types of services and the projected fees for the next one-year period and may add to, or subtract from, the list of pre-approved services from time to time, based on subsequent determinations. This specific approval acknowledges that the Audit Committee is in agreement with the specific types of services that the independent auditor will be permitted to perform and the projected fees for each service.

The Fund's Treasurer or other Fund officer shall report to the Audit Committee at each of its regular meetings regarding all Fund Services or Fund-related Adviser Services provided since the last such report was rendered, including a description of the services, by category, with forecasted fees for the annual reporting period, proposed changes requiring specific pre-approval and a description of services provided by the independent auditor, by category, with actual fees during the current reporting period.

(e)(2) None, or 0%, of the Audit-Related Fees, Tax Fees and All Other Fees paid by the Fund or affiliated entities relating directly to the operations and financial reporting of the Registrant disclosed above were approved by the audit committee pursuant to paragraphs (c)(7)(i)(C) of Rule 2-01 of Regulation S-X (which permits audit committee approval after the start of the engagement with respect to services other than audit, review or attest services, if certain conditions are satisfied).

------

(f) Not applicable.

(g) The aggregate non-audit fees billed by the registrant's accountant for services rendered to the registrant and rendered to the registrant's investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant.

(h) The registrant's Audit Committee of the Board of Trustees has considered whether the provision of non-audit services that were rendered to the registrant's adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the registrant that were not pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X, is compatible with maintaining the principal accountant's independence.

(i) Not applicable.

(j) Not applicable.

#### Item 5. Audit Committee of Listed Registrants.
The registrant is a listed issuer as defined in Section 10A-3 of the Securities Exchange Act of 1934 and has a separately designated standing Audit Committee established in accordance with Section 3(a)(58)(A) of such Act. The members of such committee are J. Kevin Connaughton, Patricia M. Flynn, Brian J. Gallagher, Douglas A. Hacker, David M. Moffett, Amrit Kanwal and Sandra L. Yeager.

#### Item 6. Investments.
(a) The registrant's "Schedule I – Investments in securities of unaffiliated issuers" (as set forth in 17 CFR 210.12-12) is included in Item 7 of this Form N-CSR.

(b) Not applicable.

#### Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.

------

#### Not

#### FDIC

#### or

#### NCUA

#### Insured

#### No

#### Financial

#### Institution

#### Guarantee

#### May

#### Lose

#### Value
BLANKK

#### Annual

#### Financial

#### Statements

#### and

#### Additional

#### Information
March

31,

2026

BLANKK

Columbia

EM

Core

ex-China

ETF

Columbia

India

Consumer

ETF

Columbia

Research

Enhanced

Emerging

Economies

ETF

Table

of

Contents

Columbia

ETF

Trust

II

\|

2026

Portfolio

of

Investments

and

Financial

Statements

Columbia

EM

Core

ex-China

ETF

..............................................................................................................................................................

Portfolio

of

Investments

and

Financial

Statements

Columbia

India

Consumer

ETF

...............................................................................................................................................................

Portfolio

of

Investments

and

Financial

Statements

Columbia

Research

Enhanced

Emerging

Economies

ETF

....................................................................................................................

Notes

to

Financial

Statements

....................................................................................................................................................................

Report

of

Independent

Registered

Public

Accounting

Firm

......................................................................................................................

Federal

Income

Tax

Information

.................................................................................................................................................................

Portfolio

of

Investments

Columbia

EM

Core

ex-China

ETF,

March

31,

2026

(Percentages

represent

value

of

investments

compared

to

net

assets)

Investments

in

Securities

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Columbia

ETF

Trust

II

\|

2026

#### Issuer

#### .

#### Shares

#### .

#### Value

#### ($)

#### Common

#### Stocks

#### 96

#### .3

#### %

#### Argentina

#### 0.1%
Vista

Energy

SAB

de

CV

(a) 19,279

1,437,480

#### Brazil

#### 2.9%
Ambev

SA

1,115,833

3,258,640

B3

SA

-

Brasil

Bolsa

Balcao

1,517,091

5,345,604

Banco

BTG

Pactual

SA

796,491

8,585,773

Banco

Santander

Brasil

SA

888,983

5,216,143

Embraer

SA

365,690

5,388,762

Lojas

Renner

SA

307,336

880,465

PRIO

SA

(a) 84,781

1,074,953

Rede

D'Or

Sao

Luiz

SA

(b) 222,225

1,658,405

Suzano

SA

245,938

2,444,332

TOTVS

SA

250,634

1,676,989

Vale

SA

54,092

854,376

Vibra

Energia

SA

330,804

2,003,088

WEG

SA

481,879

4,707,178

Total

43,094,708

#### Chile

#### 0.4%
Empresas

Copec

SA

453,695

3,109,797

Latam

Airlines

Group

SA

113,484,823

2,772,369

Total

5,882,166

#### China

#### 0.1%
Airtac

International

Group

33,411

1,037,758

#### Colombia

#### 0.1%
Interconexion

Electrica

SA

ESP

186,441

1,426,909

#### Czech

#### Republic

#### 0.1%
CEZ

AS

22,342

1,257,441

#### Egypt

#### 0.1%
Commercial

International

Bank

-

Egypt

(CIB)

443,688

983,625

#### Greece

#### 0.6%
Alpha

Bank

SA

617,651

2,255,954

Eurobank

SA

688,128

2,702,070

National

Bank

of

Greece

SA

219,311

3,344,354

Total

8,302,378

#### Hungary

#### 0.6%
OTP

Bank

Nyrt

72,904

7,704,486

#### Issuer

#### .

#### Shares

#### .

#### Value

#### ($)

#### Common

#### Stocks
(continued)

Richter

Gedeon

Nyrt

49,424

1,745,956

Total

9,450,442

#### India

#### 18.2%
ABB

India

Ltd.

25,230

1,580,454

Adani

Enterprises

Ltd.

68,555

1,271,230

Adani

Green

Energy

Ltd.

(a) 113,819

968,284

Adani

Ports

&

Special

Economic

Zone

Ltd.

299,660

4,146,957

Adani

Power

Ltd.

(a) 1,287,698

2,042,287

Aditya

Birla

Capital

Ltd.

(a) 447,502

1,378,852

Ambuja

Cements

Ltd.

239,015

1,011,134

Ashok

Leyland

Ltd.

933,683

1,517,243

Asian

Paints

Ltd.

76,221

1,739,968

AU

Small

Finance

Bank

Ltd.

(b) 117,731

1,046,001

Aurobindo

Pharma

Ltd.

142,350

1,957,657

Avenue

Supermarts

Ltd.

(a),(b)

30,919

1,289,846

Axis

Bank

Ltd.

449,616

5,504,965

Bajaj

Auto

Ltd.

15,379

1,423,853

Bajaj

Finance

Ltd.

488,927

4,131,835

Bajaj

Finserv

Ltd.

77,268

1,329,337

Bharat

Electronics

Ltd.

910,090

3,844,305

Bharat

Forge

Ltd.

101,800

1,797,328

Bharat

Petroleum

Corp.

Ltd.

660,290

1,956,183

Bharti

Airtel

Ltd.

496,327

9,326,989

Britannia

Industries

Ltd.

14,521

830,242

BSE

Ltd.

38,662

1,093,841

CG

Power

&

Industrial

Solutions

Ltd.

261,506

1,806,028

Cholamandalam

Investment

&

Finance

Co.

Ltd.

113,391

1,619,534

Cipla

Ltd.

115,388

1,489,297

Coal

India

Ltd.

610,551

2,899,592

Coforge

Ltd.

54,892

645,112

Colgate-Palmolive

India

Ltd.

44,666

842,331

Crompton

Greaves

Consumer

Electricals

Ltd.

375,627

885,517

Cummins

India

Ltd.

57,144

2,711,197

Divi's

Laboratories

Ltd.

34,973

2,192,801

Dixon

Technologies

India

Ltd.

(b) 10,904

1,112,027

DLF

Ltd.

202,858

1,078,145

Dr.

Reddy's

Laboratories

Ltd.

112,240

1,484,996

Portfolio

of

Investments

(continued)

Columbia

EM

Core

ex-China

ETF,

March

31,

2026

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Columbia

ETF

Trust

II

\|

2026

#### Issuer

#### .

#### Shares

#### .

#### Value

#### ($)

#### Common

#### Stocks
(continued)

Eicher

Motors

Ltd.

23,642

1,641,626

Eternal

Ltd.

(a) 1,529,607

3,692,715

Glenmark

Pharmaceuticals

Ltd.

70,650

1,587,840

Godrej

Consumer

Products

Ltd.

105,229

1,092,577

Godrej

Properties

Ltd.

(a) 61,775

958,258

Grasim

Industries

Ltd.

75,711

2,041,630

Havells

India

Ltd.

97,582

1,224,909

HCL

Technologies

Ltd.

137,484

1,944,660

HDFC

Bank

Ltd.

ADR

438,179

10,901,894

HDFC

Life

Insurance

Co.

Ltd.

(b) 141,881

883,458

Hero

MotoCorp

Ltd.

34,592

1,846,511

Hindalco

Industries

Ltd.

356,118

3,320,746

Hindustan

Aeronautics

Ltd.

(b) 40,882

1,503,064

Hindustan

Petroleum

Corp.

Ltd.

330,062

1,167,151

Hindustan

Unilever

Ltd.

141,614

3,068,517

ICICI

Bank

Ltd.

ADR

719,912

18,645,722

ICICI

Lombard

General

Insurance

Co.

Ltd.

(b) 49,178

886,927

IDBI

Bank

Ltd.

2,104,801

1,364,755

IDFC

First

Bank

Ltd.

1,900,680

1,179,299

Indian

Hotels

Co.

Ltd.

185,064

1,114,008

Indian

Oil

Corp.

Ltd.

1,262,948

1,802,904

Indus

Towers

Ltd.

(a) 348,833

1,537,864

IndusInd

Bank

Ltd.

(a) 194,152

1,540,238

Infosys

Ltd.

ADR

809,724

10,939,371

InterGlobe

Aviation

Ltd.

(b) 32,891

1,367,500

ITC

Ltd.

1,167,780

3,542,169

Jindal

Stainless

Ltd.

195,013

1,461,743

Jindal

Steel

Ltd.

195,109

2,289,707

JSW

Steel

Ltd.

232,773

2,754,783

Kotak

Mahindra

Bank

Ltd.

986,102

3,674,149

Kwality

Wall's

India

Ltd.

(a) 127,879

30,295

Larsen

&

Toubro

Ltd.

125,046

4,619,710

Laurus

Labs

Ltd.

(b) 183,126

1,916,622

Lodha

Developers

Ltd.

(b) 76,026

542,649

Lupin

Ltd.

74,850

1,826,017

Mahindra

&

Mahindra

Ltd.

192,760

6,004,803

Maruti

Suzuki

India

Ltd.

19,477

2,527,013

Max

Healthcare

Institute

Ltd.

136,892

1,388,855

National

Aluminium

Co.

Ltd.

749,699

3,051,793

NTPC

Ltd.

1,135,371

4,436,804

#### Issuer

#### .

#### Shares

#### .

#### Value

#### ($)

#### Common

#### Stocks
(continued)

Oberoi

Realty

Ltd.

64,689

967,790

Oil

&

Natural

Gas

Corp.

Ltd.

1,018,806

3,057,532

PB

Fintech

Ltd.

(a) 83,750

1,260,726

Persistent

Systems

Ltd.

20,427

1,050,373

Petronet

LNG

Ltd.

433,100

1,134,477

Phoenix

Mills

Ltd.

71,755

1,139,547

PI

Industries

Ltd.

28,826

826,285

Polycab

India

Ltd.

22,914

1,653,284

Power

Grid

Corp.

of

India

Ltd.

1,015,153

3,169,117

Prestige

Estates

Projects

Ltd.

59,734

709,449

Rail

Vikas

Nigam

Ltd.

(b) 179,919

473,562

Reliance

Industries

Ltd.

265,694

3,764,584

Samvardhana

Motherson

International

Ltd.

1,826,282

2,023,280

SBI

Life

Insurance

Co.

Ltd.

(b) 70,331

1,317,880

Shriram

Finance

Ltd.

343,984

3,162,809

Siemens

Ltd.

(a) 40,974

1,267,900

Solar

Industries

India

Ltd.

7,141

909,181

Sona

Blw

Precision

Forgings

Ltd.

(b) 239,931

1,218,011

SRF

Ltd.

42,719

1,098,053

State

Bank

of

India

GDR

(b) 73,739

7,801,586

Sun

Pharmaceutical

Industries

Ltd.

210,626

3,902,128

Sundaram

Finance

Ltd.

19,553

902,006

Supreme

Industries

Ltd.

25,304

999,128

Suzlon

Energy

Ltd.

(a) 2,997,005

1,250,006

Tata

Consultancy

Services

Ltd.

192,776

4,794,363

Tata

Consumer

Products

Ltd.

104,906

1,122,404

Tata

Motors

Ltd.

(a) 547,386

2,278,448

Tata

Motors

Passenger

Vehicles

Ltd.

190,004

593,357

Tata

Power

Co.

Ltd.

505,471

2,018,447

Tata

Steel

Ltd.

2,225,912

4,502,573

Tech

Mahindra

Ltd.

77,116

1,125,250

Titan

Co.

Ltd.

76,098

3,170,244

Trent

Ltd.

42,529

1,477,796

Tube

Investments

of

India

Ltd.

37,280

989,417

TVS

Motor

Co.

Ltd.

65,379

2,318,659

UltraTech

Cement

Ltd.

22,016

2,494,096

United

Spirits

Ltd.

58,923

757,157

UPL

Ltd.

182,628

1,093,568

Varun

Beverages

Ltd.

387,887

1,570,789

Vedanta

Ltd.

711,925

4,914,861

Portfolio

of

Investments

(continued)

Columbia

EM

Core

ex-China

ETF,

March

31,

2026

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Columbia

ETF

Trust

II

\|

2026

#### Issuer

#### .

#### Shares

#### .

#### Value

#### ($)

#### Common

#### Stocks
(continued)

Voltas

Ltd.

84,675

1,136,276

Total

268,693,023

#### Indonesia

#### 1.1%
Bank

Central

Asia

Tbk.

PT

16,827,402

6,386,580

Bank

Negara

Indonesia

Persero

Tbk.

PT

7,713,247

1,706,541

Bank

Rakyat

Indonesia

Persero

Tbk.

PT

10,123,840

1,983,723

Chandra

Asri

Pacific

Tbk.

PT

1,844,583

515,565

Dian

Swastatika

Sentosa

Tbk.

PT

(a) 401,735

1,560,182

GoTo

Gojek

Tokopedia

Tbk.

PT

(a) 305,774,568

917,621

United

Tractors

Tbk.

PT

1,968,299

3,596,204

Total

16,666,416

#### Kuwait

#### 0.8%
Boubyan

Bank

KSCP

922,363

2,040,758

Gulf

Bank

KSCP

1,776,930

1,888,275

Kuwait

Finance

House

KSCP

1,442,296

3,750,156

Mabanee

Co.

KPSC

707,224

2,074,158

National

Bank

of

Kuwait

SAKP

753,828

2,232,753

Total

11,986,100

#### Malaysia

#### 1.6%
CIMB

Group

Holdings

Bhd.

681,585

1,270,923

IHH

Healthcare

Bhd.

3,865,624

8,573,303

Malayan

Banking

Bhd.

1,118,483

3,138,050

Public

Bank

Bhd.

913,468

1,055,824

Tenaga

Nasional

Bhd.

2,876,799

9,875,897

Total

23,913,997

#### Mexico

#### 3.5%
America

Movil

SAB

de

CV

5,023,270

6,342,604

Arca

Continental

SAB

de

CV

202,521

2,320,491

Cemex

SAB

de

CV

2,413,777

2,749,390

Coca-Cola

Femsa

SAB

de

CV

176,245

1,706,621

Fibra

Uno

Administracion

SA

de

CV

1,074,422

1,737,156

Fomento

Economico

Mexicano

SAB

de

CV

481,413

5,280,427

Grupo

Aeroportuario

del

Centro

Norte

SAB

de

CV

146,091

2,080,247

Grupo

Aeroportuario

del

Pacifico

SAB

de

CV,

Class

B

123,680

3,031,074

Grupo

Aeroportuario

del

Sureste

SAB

de

CV,

Class

B

53,917

1,805,083

Grupo

Carso

SAB

de

CV

151,566

1,130,938

Grupo

Financiero

Banorte

SAB

de

CV,

Class

O

480,863

5,298,115

Grupo

Financiero

Inbursa

SAB

de

CV,

Class

O

541,966

1,356,304

#### Issuer

#### .

#### Shares

#### .

#### Value

#### ($)

#### Common

#### Stocks
(continued)

Grupo

Mexico

SAB

de

CV

1,039,726

11,060,289

Industrias

Penoles

SAB

de

CV

(a) 70,826

3,127,273

Prologis

Property

Mexico

SA

de

CV

287,495

1,247,248

Qualitas

Controladora

SAB

de

CV

95,297

908,680

Wal-Mart

de

Mexico

SAB

de

CV

166,883

538,347

Total

51,720,287

#### Philippines

#### 0.5%
Manila

Electric

Co.

455,577

4,630,762

SM

Investments

Corp.

317,432

3,239,635

Total

7,870,397

#### Poland

#### 1.6%
Bank

Polska

Kasa

Opieki

SA

27,255

1,590,097

ORLEN

SA

81,130

2,923,513

Powszechna

Kasa

Oszczednosci

Bank

Polski

SA

453,343

10,562,459

Powszechny

Zaklad

Ubezpieczen

SA

451,812

7,763,597

Total

22,839,666

#### Qatar

#### 0.9%
Al

Rayan

Bank

2,251,405

1,350,472

Barwa

Real

Estate

Co.

1,265,034

806,064

Qatar

Fuel

QSC

595,578

2,368,572

Qatar

Gas

Transport

Co.

Ltd.

1,292,814

1,488,103

Qatar

Islamic

Bank

QPSC

399,548

2,485,516

Qatar

National

Bank

QPSC

871,554

4,078,901

Total

12,577,628

#### Russia

#### 0.0%
Gazprom

PJSC

(a),(c),(d),(e),(f)

251,024

—

LUKOIL

PJSC

(a),(c),(d),(e),(f)

14,277

—

MMC

Norilsk

Nickel

PJSC

ADR

(a),(d),(e),(f)

19,108

Mobile

TeleSystems

PJSC

ADR

(a),(d),(e),(f)

49,482

Total

#### Saudi

#### Arabia

#### 4.5%
Al

Rajhi

Bank

560,895

15,933,328

Almarai

Co.

JSC

160,302

1,875,302

Bupa

Arabia

for

Cooperative

Insurance

Co.

34,968

1,640,027

Co.

for

Cooperative

Insurance

36,912

1,259,057

Dar

Al

Arkan

Real

Estate

Development

Co.

(a) 369,867

1,788,916

Dr.

Sulaiman

Al

Habib

Medical

Services

Group

Co.

22,395

1,542,096

Elm

Co.

7,122

1,017,266

Portfolio

of

Investments

(continued)

Columbia

EM

Core

ex-China

ETF,

March

31,

2026

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Columbia

ETF

Trust

II

\|

2026

#### Issuer

#### .

#### Shares

#### .

#### Value

#### ($)

#### Common

#### Stocks
(continued)

Etihad

Etisalat

Co.

140,676

2,447,941

Riyad

Bank

319,608

2,510,804

Saudi

Arabian

Mining

Co.

(a) 355,282

6,135,019

Saudi

Arabian

Oil

Co.

(b) 844,767

6,168,154

Saudi

Awwal

Bank

289,202

2,874,603

Saudi

Investment

Bank

306,997

1,082,335

Saudi

National

Bank

774,434

8,630,504

Saudi

Telecom

Co.

498,851

5,649,727

Umm

Al

Qura

for

Development

&

Construction

Co.

(a) 302,769

1,331,261

Yanbu

National

Petrochemical

Co.

440,579

4,189,058

Total

66,075,398

#### South

#### Africa

#### 4.3%
Absa

Group

Ltd.

109,012

1,536,007

Bid

Corp.

Ltd.

173,818

4,138,732

Bidvest

Group

Ltd.

250,370

3,328,272

Exxaro

Resources

Ltd.

202,043

2,651,257

FirstRand

Ltd.

1,644,022

8,273,174

Gold

Fields

Ltd.

229,991

10,218,089

Harmony

Gold

Mining

Co.

Ltd.

206,151

3,083,082

Impala

Platinum

Holdings

Ltd.

227,111

3,170,068

Mr.

Price

Group

Ltd.

87,922

787,767

MTN

Group

Ltd.

440,144

5,025,626

Naspers

Ltd.,

Class

N

230,426

11,603,213

Shoprite

Holdings

Ltd.

261,467

4,212,799

Sibanye

Stillwater

Ltd.

812,688

2,423,227

Standard

Bank

Group

Ltd.

184,951

3,289,519

Total

63,740,832

#### South

#### Korea

#### 18.6%
Alteogen,

Inc.

8,153

1,817,811

Celltrion,

Inc.

24,811

3,194,417

Doosan

Enerbility

Co.

Ltd.

(a) 122,314

7,330,934

Hana

Financial

Group,

Inc.

105,620

7,350,956

Hanwha

Aerospace

Co.

Ltd.

6,063

4,944,137

HD

Hyundai

Electric

Co.

Ltd.

6,200

3,367,871

HD

Korea

Shipbuilding

&

Offshore

Engineering

Co.

Ltd.

8,758

1,966,998

HLB,

Inc.

(a) 44,454

1,468,594

HMM

Co.

Ltd.

131,281

1,677,387

HYBE

Co.

Ltd.

7,712

1,505,493

#### Issuer

#### .

#### Shares

#### .

#### Value

#### ($)

#### Common

#### Stocks
(continued)

Hyundai

Mobis

Co.

Ltd.

13,010

3,210,773

Hyundai

Motor

Co.

37,075

10,783,738

Hyundai

Rotem

Co.

Ltd.

13,656

1,511,241

Kakao

Corp.

99,594

2,978,099

KakaoBank

Corp.

73,700

1,152,427

KB

Financial

Group,

Inc.

109,405

10,135,846

Kia

Corp.

70,936

6,724,713

LG

Chem

Ltd.

13,388

2,613,529

LG

Energy

Solution

Ltd.

(a) 9,661

2,488,339

Meritz

Financial

Group,

Inc.

(a) 23,391

1,701,275

NAVER

Corp.

46,208

6,079,007

Samsung

Biologics

Co.

Ltd.

(a),(b)

2,537

2,491,201

Samsung

C&T

Corp.

19,294

3,193,307

Samsung

Electro-Mechanics

Co.

Ltd.

11,623

3,092,333

Samsung

Electronics

Co.

Ltd.

893,053

97,488,630

Samsung

Episholdings

Co.

Ltd.

(a) 1,251

403,483

Samsung

Fire

&

Marine

Insurance

Co.

Ltd.

5,610

1,613,427

Samsung

Heavy

Industries

Co.

Ltd.

(a) 140,622

2,244,773

Samsung

SDI

Co.

Ltd.

(a) 17,196

4,580,661

Shinhan

Financial

Group

Co.

Ltd.

160,034

9,163,309

SK

Hynix,

Inc.

108,219

57,018,727

SK

Square

Co.

Ltd.

(a) 18,596

5,663,849

SK

Telecom

Co.

Ltd.

27,820

1,387,685

Woori

Financial

Group,

Inc.

93,574

1,958,050

Total

274,303,020

#### Taiwan

#### 29.6%
Accton

Technology

Corp.

119,041

5,622,518

Acer,

Inc.

725,931

618,756

Advantech

Co.

Ltd.

89,538

892,019

Alchip

Technologies

Ltd.

33,949

2,638,826

ASE

Technology

Holding

Co.

Ltd.

848,302

8,716,522

Asia

Vital

Components

Co.

Ltd.

122,837

7,646,093

Asustek

Computer,

Inc.

152,614

2,620,741

Catcher

Technology

Co.

Ltd.

507,790

2,986,066

Cathay

Financial

Holding

Co.

Ltd.

1,940,900

4,267,916

Chang

Hwa

Commercial

Bank

Ltd.

7,640,777

4,875,566

Chunghwa

Telecom

Co.

Ltd.

1,823,746

7,587,057

CTBC

Financial

Holding

Co.

Ltd.

6,820,078

10,943,697

Delta

Electronics,

Inc.

438,683

18,935,957

Portfolio

of

Investments

(continued)

Columbia

EM

Core

ex-China

ETF,

March

31,

2026

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Columbia

ETF

Trust

II

\|

2026

#### Issuer

#### .

#### Shares

#### .

#### Value

#### ($)

#### Common

#### Stocks
(continued)

E

Ink

Holdings,

Inc.

188,523

804,923

E.Sun

Financial

Holding

Co.

Ltd.

2,058,363

2,044,198

Elite

Material

Co.

Ltd.

76,897

6,253,744

eMemory

Technology,

Inc.

32,433

2,668,089

Eva

Airways

Corp.

1,470,073

1,561,119

Evergreen

Marine

Corp.

Taiwan

Ltd.

257,849

1,609,036

Far

Eastern

New

Century

Corp.

4,286,630

3,526,381

Far

EasTone

Telecommunications

Co.

Ltd.

1,862,780

5,354,691

Fortune

Electric

Co.

Ltd.

48,503

1,193,990

Fubon

Financial

Holding

Co.

Ltd.

1,243,698

3,345,575

Gigabyte

Technology

Co.

Ltd.

179,990

1,252,667

Hon

Hai

Precision

Industry

Co.

Ltd.

2,801,353

16,429,580

KGI

Financial

Holding

Co.

Ltd.

2,185,830

1,316,147

Largan

Precision

Co.

Ltd.

40,536

2,732,408

Lite-On

Technology

Corp.

446,255

1,961,177

MediaTek,

Inc.

343,320

16,000,838

Mega

Financial

Holding

Co.

Ltd.

1,249,620

1,502,906

Novatek

Microelectronics

Corp.

127,752

1,516,481

PharmaEssentia

Corp.

55,742

1,046,143

President

Chain

Store

Corp.

416,195

2,922,608

Quanta

Computer,

Inc.

504,454

4,394,446

Realtek

Semiconductor

Corp.

75,737

1,132,383

Taiwan

Business

Bank

12,375,512

5,806,465

Taiwan

Mobile

Co.

Ltd.

1,455,299

4,961,764

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

4,520,056

248,836,365

Tatung

Co.

Ltd.

527,861

515,147

Uni-President

Enterprises

Corp.

2,356,446

5,233,271

United

Microelectronics

Corp.

3,316,538

5,861,257

Wan

Hai

Lines

Ltd.

294,460

710,130

Wistron

Corp.

614,260

2,353,671

Wiwynn

Corp.

26,640

2,749,828

Yang

Ming

Marine

Transport

Corp.

626,184

1,018,504

Total

436,967,666

#### Thailand

#### 2.1%
Airports

of

Thailand

PCL

2,090,500

3,296,119

Bangkok

Dusit

Medical

Services

PCL

2,382,300

1,358,012

Central

Pattana

PCL

1,666,200

3,144,965

Charoen

Pokphand

Foods

PCL

1,897,871

1,202,714

Delta

Electronics

Thailand

PCL

969,100

7,610,579

#### Issuer

#### .

#### Shares

#### .

#### Value

#### ($)

#### Common

#### Stocks
(continued)

Kasikornbank

PCL

292,783

1,695,620

Krung

Thai

Bank

PCL

2,142,696

2,273,935

PTT

Exploration

&

Production

PCL

712,100

3,487,088

PTT

PCL

3,580,500

3,799,803

Siam

Cement

PCL

379,600

2,382,571

Total

30,251,406

#### Turkey

#### 0.5%
BIM

Birlesik

Magazalar

AS

139,334

2,139,504

Haci

Omer

Sabanci

Holding

AS

1,014,889

2,039,817

Turkiye

Petrol

Rafinerileri

AS

422,911

2,455,413

Total

6,634,734

#### United

#### Arab

#### Emirates

#### 3.5%
Abu

Dhabi

Commercial

Bank

PJSC

707,175

2,379,518

Abu

Dhabi

Islamic

Bank

PJSC

603,937

3,386,901

ADNOC

Drilling

Co.

PJSC

1,317,425

1,836,282

Adnoc

Gas

PLC

2,301,428

2,004,892

Aldar

Properties

PJSC

(a) 1,002,860

2,126,774

Dubai

Islamic

Bank

PJSC

(a) 1,376,045

2,742,125

Emaar

Properties

PJSC

1,376,613

4,384,715

Emirates

Integrated

Telecommunications

Co.

PJSC

506,103

1,377,788

Emirates

NBD

Bank

PJSC

518,667

3,777,078

Emirates

Telecommunications

Group

Co.

PJSC

657,184

3,334,852

First

Abu

Dhabi

Bank

PJSC

1,473,581

6,819,720

International

Holding

Co.

PJSC

(a) 150,322

15,959,922

Modon

Holding

PSC

(a) 1,146,355

905,025

Total

51,035,592

Total

Common

Stocks

(Cost

$

1,023,252,588)

1,418,149,069

#### Preferred

#### Stocks

#### 2

#### .5

#### %

#### Brazil

#### 2.5%
Banco

Bradesco

SA

1,542,711

5,663,358

Itau

Unibanco

Holding

SA

1,458,699

12,145,695

Itausa

SA

3,369,675

9,021,163

Petroleo

Brasileiro

SA

-

Petrobras

1,095,155

10,207,144

Total

37,037,360

Total

Preferred

Stocks

(Cost

$

25,267,426)

37,037,360

Portfolio

of

Investments

(continued)

Columbia

EM

Core

ex-China

ETF,

March

31,

2026

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Columbia

ETF

Trust

II

\|

2026

Security

#### Acquisition

#### Date
Shares

#### Cost

#### ($)

#### Value

#### ($)
Gazprom

PJSC

04/19/2016-02/16/2022

251,024

961,853

—

LUKOIL

PJSC

04/19/2016-02/16/2022

14,277

1,117,736

—

MMC

Norilsk

Nickel

PJSC

ADR

06/19/2020-02/16/2022

19,108

569,160

Mobile

TeleSystems

PJSC

ADR

06/19/2020-02/16/2022

49,482

421,211

3,069,960

Notes

to

Portfolio

of

Investments

Fair

value

measurements

The

Fund

categorizes

its

fair

value

measurements

according

to

a

three-level

hierarchy

that

maximizes

the

use

of

observable

inputs

and

minimizes

the

use

of

unobservable

inputs

by

prioritizing

that

the

most

observable

input

be

used

when

available.

Observable

inputs

are

those

that

market

participants

would

use

in

pricing

an

investment

based

on

market

data

obtained

from

sources

independent

of

the

reporting

entity.

Unobservable

inputs

are

those

that

reflect

the

Fund's

assumptions

about

the

information

market

participants

would

use

in

pricing

an

investment.

An

investment's

level

within

the

fair

value

hierarchy

is

based

on

the

lowest

level

of

any

input

that

is

deemed

significant

to

the

asset's

or

liability's

fair

value

measurement.

The

input

levels

are

not

necessarily

an

indication

of

the

risk

or

liquidity

associated

with

investments

at

that

level.

For

#### Issuer

#### .

#### Shares

#### .

#### Value

#### ($)

#### Warrants

#### 0

#### .0

#### %

#### Malaysia

#### 0.0%
YTL

Corp.

Bhd.,

expiring

06/02/2028

(a) 231,020

29,099

Total

Warrants

(Cost

$

–)

29,099

#### Issuer

#### .

#### Shares

#### .

#### Value

#### ($)

#### Money

#### Market

#### Funds

#### 0

#### .8

#### %
Goldman

Sachs

Financial

Square

Funds

-

Treasury

Instruments

Fund,

Institutional

Class,

3.541%

(g) 12,383,755

12,383,755

Total

Money

Market

Funds

(Cost

$

12,383,755)

12,383,755

#### Total

#### Investments

#### in

#### Securities

#### (Cost

#### $

#### 1,060,903,769

####)

#### 1,467,599,283

#### Other

#### Assets

#### &

#### Liabilities,

#### Net

#### 5,407,038

#### Net

#### Assets

#### 1,473,006,321
(a) Non-income

producing

investment.

(b) Represents

privately

placed

and

other

securities

and

instruments

exempt

from

Securities

and

Exchange

Commission

registration

(collectively,

private

placements),

such

as

Section

4(a)(2)

and

Rule

144A

eligible

securities,

which

are

often

sold

only

to

qualified

institutional

buyers.

At

March

31,

2026,

the

total

value

of

these

securities

amounted

to

$31,676,893,

which

represents

2.15%

of

total

net

assets.

(c) As

a

result

of

sanctions

and

restricted

cross-border

payments,

certain

payments

have

not

been

recognized

by

the

Fund.

The

Fund

will

continue

to

monitor

the

net

realizable

value

and

record

payments

when

it

is

considered

collectible.

(d) Denotes

a

restricted

security,

which

is

subject

to

legal

or

contractual

restrictions

on

resale

under

federal

securities

laws.

Disposal

of

a

restricted

investment

may

involve

time-consuming

negotiations

and

expenses,

and

prompt

sale

at

an

acceptable

price

may

be

difficult

to

achieve.

Private

placement

securities

are

generally

considered

to

be

restricted,

although

certain

of

those

securities

may

be

traded

between

qualified

institutional

investors

under

the

provisions

of

Section

4(a)(2)

and

Rule

144A.

The

Fund

will

not

incur

any

registration

costs

upon

such

a

trade.

At

March

31,

2026,

the

total

market

value

of

these

securities

amounted

to

$0,

which

represents

less

than

0.01%

of

total

net

assets.

Additional

information

on

these

securities

is

as

follows:

(e) Valuation

based

on

significant

unobservable

inputs.

(f) Represents

fair

value

as

determined

in

good

faith

under

procedures

approved

by

the

Board

of

Trustees.

At

March

31,

2026,

the

total

value

of

these

securities

amounted

to

$0,

which

represents

less

than

0.01%

of

total

net

assets.

(g) The

rate

shown

is

the

seven-day

current

annualized

yield

at

March

31,

2026. Abbreviation

Legend

ADR

American

Depositary

Receipt

GDR

Global

Depositary

Receipt

PJSC

Private

Joint

Stock

Company

Portfolio

of

Investments

(continued)

Columbia

EM

Core

ex-China

ETF,

March

31,

2026

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Columbia

ETF

Trust

II

\|

2026

example,

certain

U.S.

government

securities

are

generally

high

quality

and

liquid,

however,

they

are

reflected

as

Level

because

the

inputs

used

to

determine

fair

value

may

not

always

be

quoted

prices

in

an

active

market.

Fair

value

inputs

are

summarized

in

the

three

broad

levels

listed

below:

Level

—

Valuations

based

on

quoted

prices

for

investments

in

active

markets

that

the

Fund

has

the

ability

to

access

at

the

measurement

date.

Valuation

adjustments

are

not

applied

to

Level

investments.

Level

—

Valuations

based

on

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

prepayment

speeds,

credit

risks,

etc.).

Level

—

Valuations

based

on

significant

unobservable

inputs

(including

the

Fund's

own

assumptions

and

judgment

in

determining

the

fair

value

of

investments).

Inputs

that

are

used

in

determining

fair

value

of

an

investment

may

include

price

information,

credit

data,

volatility

statistics,

and

other

factors.

These

inputs

can

be

either

observable

or

unobservable.

The

availability

of

observable

inputs

can

vary

between

investments,

and

is

affected

by

various

factors

such

as

the

type

of

investment,

and

the

volume

and

level

of

activity

for

that

investment

or

similar

investments

in

the

marketplace.

The

inputs

will

be

considered

by

the

Investment

Manager,

along

with

any

other

relevant

factors

in

the

calculation

of

an

investment's

fair

value.

The

Fund

uses

prices

and

inputs

that

are

current

as

of

the

measurement

date,

which

may

include

periods

of

market

dislocations.

During

these

periods,

the

availability

of

prices

and

inputs

may

be

reduced

for

many

investments.

This

condition

could

cause

an

investment

to

be

reclassified

between

the

various

levels

within

the

hierarchy.

Investments

falling

into

the

Level

category,

if

any,

are

primarily

supported

by

quoted

prices

from

brokers

and

dealers

participating

in

the

market

for

those

investments.

However,

these

may

be

classified

as

Level

investments

due

to

lack

of

market

transparency

and

corroboration

to

support

these

quoted

prices.

Additionally,

valuation

models

may

be

used

as

the

pricing

source

for

any

remaining

investments

classified

as

Level

3. These

models

may

rely

on

one

or

more

significant

unobservable

inputs

and/

or

significant

assumptions

by

the

Investment

Manager.

Inputs

used

in

valuations

may

include,

but

are

not

limited

to,

financial

statement

analysis,

capital

account

balances,

discount

rates

and

estimated

cash

flows,

and

comparable

company

data.

The

Fund's

Board of

Trustees

(the

Board)

has

designated

the

Investment

Manager,

through

its

Valuation

Committee

(the

Committee),

as

valuation

designee,

responsible

for

determining

the

fair

value

of

the

assets

of

the

Fund

for

which

market

quotations

are

not

readily

available

using

valuation

procedures

approved

by

the

Board.

The

Committee

consists

of

voting

and

non-voting

members

from

various

groups

within

the

Investment

Manager's

organization,

including

operations

and

accounting,

trading

and

investments,

compliance,

risk

management

and

legal.

The

Committee

meets

at

least

monthly

to

review

and

approve

valuation

matters,

which

may

include

a

description

of

specific

valuation

determinations,

data

regarding

pricing

information

received

from

approved

pricing

vendors

and

brokers

and

the

results

of

Board-approved

valuation

policies

and

procedures

(the

Policies).

The

Policies

address,

among

other

things,

instances

when

market

quotations

are

or

are

not

readily

available,

including

recommendations

of

third

party

pricing

vendors

and

a

determination

of

appropriate

pricing

methodologies;

events

that

require

specific

valuation

determinations

and

assessment

of

fair

value

techniques;

securities

with

a

potential

for

stale

pricing,

including

those

that

are

illiquid,

restricted,

or

in

default;

and

the

effectiveness

of

third

party

pricing

vendors,

including

periodic

reviews

of

vendors.

The

Committee

meets

more

frequently,

as

needed,

to

discuss

additional

valuation

matters,

which

may

include

the

need

to

review

back-testing

results,

review

time-

sensitive

information

or

approve

related

valuation

actions.

Representatives

of

Columbia

Management

Investment

Advisers,

LLC

report

to

the

Board

at

each

of

its

regularly

scheduled

meetings

to

discuss

valuation

matters

and

actions

during

the

period,

similar

to

those

described

earlier.

The

following

table

is

a

summary

of

the

inputs

used

to

value

the

Fund's

investments

at

March

31,

2026:

#### Level

#### 1

#### ($)

#### Level

#### 2

#### ($)

#### Level

#### 3

#### ($)

#### Total

#### ($)

#### Investments

#### in

#### Securities
Common

Stocks

Argentina

1,437,480

—

—

1,437,480

Brazil

43,094,708

—

—

43,094,708

Chile

5,882,166

—

—

5,882,166

China

1,037,758

—

—

1,037,758

Colombia

1,426,909

—

—

1,426,909

Czech

Republic

1,257,441

—

—

1,257,441

Egypt

983,625

—

—

983,625

Greece

8,302,378

—

—

8,302,378

Hungary

9,450,442

—

—

9,450,442

India

268,693,023

—

—

268,693,023

Indonesia

16,666,416

—

—

16,666,416

Kuwait

11,986,100

—

—

11,986,100

Malaysia

23,913,997

—

—

23,913,997

Mexico

51,720,287

—

—

51,720,287

Philippines

7,870,397

—

—

7,870,397

Poland

22,839,666

—

—

22,839,666

Qatar

12,577,628

—

—

12,577,628

Russia

—

—

(a) 0

(a) Saudi

Arabia

66,075,398

—

—

66,075,398

South

Africa

63,740,832

—

—

63,740,832

South

Korea

274,303,020

—

—

274,303,020

Taiwan

436,967,666

—

—

436,967,666

Thailand

30,251,406

—

—

30,251,406

Fair

value

measurements

(continued)

Portfolio

of

Investments

(continued)

Columbia

EM

Core

ex-China

ETF,

March

31,

2026

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Columbia

ETF

Trust

II

\|

2026

See

the

Portfolio

of

Investments

for

all

investment

classifications

not

indicated

in

the

table.

The

Fund's

assets

assigned

to

the

Level

input

category

are

generally

valued

using

the

market

approach,

in

which

a

security's

value

is

determined

through

reference

to

prices

and

information

from

market

transactions

for

similar

or

identical

assets.

The

Fund

does

not

hold

any

significant

investments

(greater

than

one

percent

of

net

assets)

categorized

as

Level

3. #### Level

#### 1

#### ($)

#### Level

#### 2

#### ($)

#### Level

#### 3

#### ($)

#### Total

#### ($)
Turkey

6,634,734

—

—

6,634,734

United

Arab

Emirates

51,035,592

—

—

51,035,592

Total

Common

Stocks

1,418,149,069

—

(a) 1,418,149,069

Preferred

Stocks

Brazil

37,037,360

—

—

37,037,360

Total

Preferred

Stocks

37,037,360

—

—

37,037,360

Warrants

Malaysia

—

29,099

—

29,099

Total

Warrants

—

29,099

—

29,099

Money

Market

Funds

12,383,755

—

—

12,383,755

Total

Investments

in

Securities

1,467,570,184

29,099

(a) 1,467,599,283

(a) Rounds

to

zero.

Fair

value

measurements

(continued)

Statement

of

Assets

and

Liabilities

Columbia

EM

Core

ex-China

ETF

March

31,

2026

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Columbia

ETF

Trust

II

\|

2026

#### Assets
Investments

in

securities,

at

value

$

–

Unaffiliated

issuers

(cost

$1,060,903,769)

$

1,467,599,283

Foreign

currency

(cost

$210,313)

210,588

Receivable

for:

–

Dividends

5,209,239

Foreign

tax

reclaims

222,394

Other

81,624

Total

assets

1,473,323,128

#### Liabilities
Due

to

custodian

103,907

Payable

for:

—

Investment

management

fees

212,900

Total

liabilities

316,807

#### Net

#### assets

#### applicable

#### to

#### outstanding

#### capital

#### stock

#### $

#### 1,473,006,321

#### Represented

#### by:
Paid

in

capital

$

1,144,938,012

Total

distributable

earnings

(loss)

328,068,309

#### Total

#### -

#### representing

#### net

#### assets

#### applicable

#### to

#### outstanding

#### capital

#### stock

#### $

#### 1,473,006,321
Net

assets

$

1,473,006,321

Shares

outstanding

37,550,000

Net

asset

value

per

share

$

39.23 Statement

of

Operations

Columbia

EM

Core

ex-China

ETF

Year

Ended

March

31,

2026

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Columbia

ETF

Trust

II

\|

2026

#### Net

#### investment

#### income
Income:

Dividends

-

unaffiliated

issuers

$

38,095,684

Foreign

taxes

withheld

(5,036,868)

Total

income

33,058,816

Expenses:

Investment

management

fees

2,027,937

Overdraft

fees

1,641

Total

expenses

2,029,578

Total

net

expenses

2,029,578

#### Net

#### investment

#### income

#### 31,029,238

#### Realized

#### and

#### unrealized

#### gain
(loss)

#### -

#### net
Net

realized

gain

(loss)

on:

–

Investments

-

unaffiliated

issuers

(26,994,769)

In-kind

transactions

7,737,517

Foreign

currency

translations

(1,139,343)

Net

realized

loss

(20,396,595)

Net

change

in

unrealized

appreciation

(depreciation)

on:

–

Investments

-

unaffiliated

issuers

359,869,819

Foreign

currency

translations

(22,469)

Foreign

capital

gains

tax

(186,590)

Net

change

in

unrealized

appreciation

359,660,760

Net

realized

and

unrealized

gain

339,264,165

#### Net

#### increase

#### in

#### net

#### assets

#### resulting

#### from

#### operations

#### 370,293,403
Statement

of

Changes

in

Net

Assets

Columbia

EM

Core

ex-China

ETF

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Columbia

ETF

Trust

II

\|

2026

#### Year

#### Ended

#### March

#### 31,

#### 2026

#### Year

#### Ended

#### March

#### 31,

#### 2025

#### Operations

#### –
Net

investment

income

$

31,029,238

$

29,555,883

Net

realized

loss

(20,396,595)

(31,323,205)

Net

change

in

unrealized

appreciation

(depreciation)

359,660,760

(28,274,798)

Net

increase

(decrease)

in

net

assets

resulting

from

operations

370,293,403

(30,042,120)

#### Distributions

#### to

#### Shareholders

#### –
Net

investment

income

and

net

realized

gains

(40,729,895)

(31,015,776)

Total

distributions

to

shareholders

(40,729,895)

(31,015,776)

Increase

in

net

assets

from

capital

stock

activity

92,368,885

167,564,999

#### Total

#### increase

#### in

#### net

#### assets
421,932,393

106,507,103

#### Net

#### Assets:

#### –
Net

assets

at

beginning

of

year

1,051,073,928

944,566,825

#### Net

#### assets

#### at

#### end

#### of

#### year

#### $

#### 1,473,006,321

#### $

#### 1,051,073,928

#### Year

#### Ended

#### March

#### 31,

#### 2026

#### Year

#### Ended

#### March

#### 31,

#### 2025

#### Shares

#### Dollars

#### ($)

#### Shares

#### Dollars

#### ($)

#### Capital

#### stock

#### activity
Shares

sold

6,500,000

252,031,209

7,750,000

244,556,489

Shares

redeemed

(4,650,000)

(159,662,324)

(2,550,000)

(76,991,490)

Net

increase

1,850,000

92,368,885

5,200,000

167,564,999

Financial

Highlights

Columbia

EM

Core

ex-China

ETF

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Columbia

ETF

Trust

II

\|

2026

The

following

table

is intended

to

help

you

understand the

Fund's

financial

performance.

Per

share

net

investment

income

(loss)

amounts

are

calculated

based

on

average

shares

outstanding

during

the

period.

Total

return

assumes

reinvestment

of

all

dividends

and

distributions,

if

any.

Total

Return

at

NAV

is

calculated

assuming

an

initial

investment

made

at

the

net

asset

value

at

the

beginning

of

the

period,

reinvestment

of

all

dividends

and

distributions

at

net

asset

value

during

the

period

and

redemption

on

the

last

day

of

the

period. The

total

return

would

have

been

lower

if

certain

expenses

had

not

been

reimbursed/waived

by

the

Investment

Manager,

if

applicable.

Total

return

and

portfolio

turnover

are

not

annualized

for

periods

of

less

than

one

year.

The

ratios

of

expenses

and

net

investment

income

are

annualized

for

periods

of

less

than

one

year.

The

portfolio

turnover

rate

is

calculated

without

regard

to

purchase

and

sales

transactions

of

short-term

instruments,

certain

derivatives

and

in-kind

transactions,

if

any.

If

such

transactions

were

included,

the

Fund's

portfolio

turnover

rate

may

be

higher.

A

zero

balance

may

reflect

an

amount

rounding

to

less

than

$0.01

or

0.01%.

#### Year

#### Ended

#### March

#### 31,

#### 2026

#### 2025

#### 2024

#### 2023

#### 2022

#### Per

#### share

#### data
Net

asset

value,

beginning

of

year

$

.44

$

.97

$

.96

$

.73

$

.65

#### Income
(loss)

#### from

#### investment

#### operations:
Net

investment

income

.89

.82

.80

.86

.80

Net

realized

and

unrealized

gain

(loss)

.15

(1

.53)

.58

(4

.01)

(1

.10)

Total

from

investment

operations

.04

(0

.71)

.38

(3

.15)

(0

.30)

#### Less

#### distributions

#### to

#### shareholders

#### from:
Net

investment

income

(1

.25)

(0

.82)

(0

.37)

(0

.62)

(0

.58)

Net

realized

gains

—

—

—

—

(0

.04)

Total

distributions

to

shareholders

(1

.25)

(0

.82)

(0

.37)

(0

.62)

(0

.62)

Net

asset

value,

end

of

year

$

.23

$

.44

$

.97

$

.96

$

.73

Total

Return

at

NAV

.78

%

(2

.39)

%

.32

%

(10

.15)

%

(0

.96)

%

#### Ratios

#### to

#### average

#### net

#### assets
Total

gross

expenses

(a) 0

.16

%

(b) 0

.16

%

(c) 0

.16

%

(c) 0

.16

%

(c) 0

.16

%

(c) Total

net

expenses

(a) ,(d)

.16

%

(b) 0

.16

%

(c) 0

.16

%

(c) 0

.16

%

(c) 0

.16

%

(c) Net

investment

income

.45

%

.61

%

.79

%

.28

%

.53

%

#### Supplemental

#### data
Net

assets,

end

of

year

(in

thousands)

$

1,473,006

$

1,051,074

$

944,567

$

173,900

$

95,264

Portfolio

turnover

%

%

%

%

%

#### Notes

#### to

#### Financial

#### Highlights
(a) In

addition

to

the

fees

and

expenses

that

the

Fund

bears

directly,

the

Fund

indirectly

bears

a

pro

rata

share

of

the

fees

and

expenses

of

any

other

funds

in

which

it

invests.

Such

indirect

expenses

are

not

included

in

the

Fund's

reported

expense

ratios.

(b) Ratios

include

less

than

0.01%

attributed

to

fees

outside

the

unitary

fee

(as

defined

in

Note

3).

(c) The

ratio

includes

less

than

0.01%

attributed

to

overdraft

expense,

which

is

outside

the

unitary

fee

(as

defined

in

Note

3).

(d) Total

net

expenses

include

the

impact

of

certain

fee

waivers/expense

reimbursements

made

by

the

Investment

Manager and

certain

of

its

affiliates,

if

applicable.

Portfolio

of

Investments

Columbia

India

Consumer

ETF,

March

31,

2026

(Percentages

represent

value

of

investments

compared

to

net

assets)

Investments

in

Securities

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Columbia

ETF

Trust

II

\|

2026

#### Issuer

#### .

#### Shares

#### .

#### Value

#### ($)

#### Common

#### Stocks

#### 100

#### .3

#### %

#### Consumer

#### Discretionary

#### 63.1%

#### Apparel

#### Retail

#### 3.8%
Trent

Ltd.

233,442

8,111,631

#### Apparel,

#### Accessories

#### &

#### Luxury

#### Goods

#### 5.1%
Titan

Co.

Ltd.

259,379

10,805,732

#### Automobile

#### Manufacturers

#### 14.6%
Hyundai

Motor

India

Ltd.

170,120

3,189,007

Mahindra

&

Mahindra

Ltd.

329,924

10,277,694

Maruti

Suzuki

India

Ltd.

77,736

10,085,734

Tata

Motors

Passenger

Vehicles

Ltd.

2,461,493

7,686,914

Total

31,239,349

#### Automotive

#### Parts

#### &

#### Equipment

#### 6.6%
Bharat

Forge

Ltd.

281,678

4,973,160

Bosch

Ltd.

10,398

3,151,233

Samvardhana

Motherson

International

Ltd.

5,307,630

5,880,159

Total

14,004,552

#### Hotels,

#### Resorts

#### &

#### Cruise

#### Lines

#### 2.8%
Indian

Hotels

Co.

Ltd.

1,019,186

6,135,076

#### Household

#### Appliances

#### 0.9%
LG

Electronics

India

Ltd.

(a) 121,935

1,852,511

#### Motorcycle

#### Manufacturers

#### 18.1%
Bajaj

Auto

Ltd.

112,087

10,377,491

Eicher

Motors

Ltd.

144,367

10,024,392

Hero

MotoCorp

Ltd.

155,117

8,280,102

TVS

Motor

Co.

Ltd.

280,699

9,954,958

Total

38,636,943

#### Other

#### Specialty

#### Retail

#### 3.8%
FSN

E-Commerce

Ventures

Ltd.

(a) 1,344,799

3,331,913

Lenskart

Solutions

Ltd.

(a) 905,433

4,766,354

Total

8,098,267

#### Restaurants

#### 7.4%
Eternal

Ltd.

(a) 4,737,745

11,437,671

Swiggy

Ltd.

(a) 1,594,616

4,372,012

Total

15,809,683

Total

Consumer

Discretionary

134,693,744

#### Issuer

#### .

#### Shares

#### .

#### Value

#### ($)

#### Common

#### Stocks
(continued)

#### Consumer

#### Staples

#### 37.2%

#### Distillers

#### &

#### Vintners

#### 2.1%
United

Spirits

Ltd.

352,376

4,528,008

#### Food

#### Retail

#### 3.4%
Avenue

Supermarts

Ltd.

(a),(b)

175,846

7,335,758

#### Packaged

#### Foods

#### &

#### Meats

#### 14.9%
Britannia

Industries

Ltd.

140,662

8,042,384

Marico

Ltd.

640,965

4,973,373

Nestle

India

Ltd.

855,583

10,597,281

Tata

Consumer

Products

Ltd.

763,358

8,167,274

Total

31,780,312

#### Personal

#### Care

#### Products

#### 8.7%
Dabur

India

Ltd.

686,575

2,971,096

Godrej

Consumer

Products

Ltd.

460,371

4,779,961

Hindustan

Unilever

Ltd.

494,081

10,705,837

Total

18,456,894

#### Soft

#### Drinks

#### &

#### Non-alcoholic

#### Beverages

#### 3.0%
Varun

Beverages

Ltd.

1,567,624

6,348,258

#### Tobacco

#### 5.1%
ITC

Ltd.

3,550,822

10,770,532

Total

Consumer

Staples

79,219,762

Total

Common

Stocks

(Cost

$

184,281,954)

213,913,506

#### Money

#### Market

#### Funds

#### 0

#### .4

#### %
Goldman

Sachs

Financial

Square

Funds

-

Treasury

Instruments

Fund,

Institutional

Class,

3.541%

(c) 758,483

758,483

Total

Money

Market

Funds

(Cost

$

758,483)

758,483

#### Total

#### Investments

#### in

#### Securities

#### (Cost

#### $

#### 185,040,437

####)

#### 214,671,989

#### Other

#### Assets

#### &

#### Liabilities,

#### Net

#### (#### 1,480,796

####)

#### Net

#### Assets

#### 213,191,193
Portfolio

of

Investments

(continued)

Columbia

India

Consumer

ETF,

March

31,

2026

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Columbia

ETF

Trust

II

\|

2026

Notes

to

Portfolio

of

Investments

Fair

value

measurements

The

Fund

categorizes

its

fair

value

measurements

according

to

a

three-level

hierarchy

that

maximizes

the

use

of

observable

inputs

and

minimizes

the

use

of

unobservable

inputs

by

prioritizing

that

the

most

observable

input

be

used

when

available.

Observable

inputs

are

those

that

market

participants

would

use

in

pricing

an

investment

based

on

market

data

obtained

from

sources

independent

of

the

reporting

entity.

Unobservable

inputs

are

those

that

reflect

the

Fund's

assumptions

about

the

information

market

participants

would

use

in

pricing

an

investment.

An

investment's

level

within

the

fair

value

hierarchy

is

based

on

the

lowest

level

of

any

input

that

is

deemed

significant

to

the

asset's

or

liability's

fair

value

measurement.

The

input

levels

are

not

necessarily

an

indication

of

the

risk

or

liquidity

associated

with

investments

at

that

level.

For

example,

certain

U.S.

government

securities

are

generally

high

quality

and

liquid,

however,

they

are

reflected

as

Level

because

the

inputs

used

to

determine

fair

value

may

not

always

be

quoted

prices

in

an

active

market.

Fair

value

inputs

are

summarized

in

the

three

broad

levels

listed

below:

Level

—

Valuations

based

on

quoted

prices

for

investments

in

active

markets

that

the

Fund

has

the

ability

to

access

at

the

measurement

date.

Valuation

adjustments

are

not

applied

to

Level

investments.

Level

—

Valuations

based

on

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

prepayment

speeds,

credit

risks,

etc.).

Level

—

Valuations

based

on

significant

unobservable

inputs

(including

the

Fund's

own

assumptions

and

judgment

in

determining

the

fair

value

of

investments).

Inputs

that

are

used

in

determining

fair

value

of

an

investment

may

include

price

information,

credit

data,

volatility

statistics,

and

other

factors.

These

inputs

can

be

either

observable

or

unobservable.

The

availability

of

observable

inputs

can

vary

between

investments,

and

is

affected

by

various

factors

such

as

the

type

of

investment,

and

the

volume

and

level

of

activity

for

that

investment

or

similar

investments

in

the

marketplace.

The

inputs

will

be

considered

by

the

Investment

Manager,

along

with

any

other

relevant

factors

in

the

calculation

of

an

investment's

fair

value.

The

Fund

uses

prices

and

inputs

that

are

current

as

of

the

measurement

date,

which

may

include

periods

of

market

dislocations.

During

these

periods,

the

availability

of

prices

and

inputs

may

be

reduced

for

many

investments.

This

condition

could

cause

an

investment

to

be

reclassified

between

the

various

levels

within

the

hierarchy.

Investments

falling

into

the

Level

category,

if

any,

are

primarily

supported

by

quoted

prices

from

brokers

and

dealers

participating

in

the

market

for

those

investments.

However,

these

may

be

classified

as

Level

investments

due

to

lack

of

market

transparency

and

corroboration

to

support

these

quoted

prices.

Additionally,

valuation

models

may

be

used

as

the

pricing

source

for

any

remaining

investments

classified

as

Level

3. These

models

may

rely

on

one

or

more

significant

unobservable

inputs

and/

or

significant

assumptions

by

the

Investment

Manager.

Inputs

used

in

valuations

may

include,

but

are

not

limited

to,

financial

statement

analysis,

capital

account

balances,

discount

rates

and

estimated

cash

flows,

and

comparable

company

data.

The

Fund's

Board of

Trustees

(the

Board)

has

designated

the

Investment

Manager,

through

its

Valuation

Committee

(the

Committee),

as

valuation

designee,

responsible

for

determining

the

fair

value

of

the

assets

of

the

Fund

for

which

market

quotations

are

not

readily

available

using

valuation

procedures

approved

by

the

Board.

The

Committee

consists

of

voting

and

non-voting

members

from

various

groups

within

the

Investment

Manager's

organization,

including

operations

and

accounting,

trading

and

investments,

compliance,

risk

management

and

legal.

The

Committee

meets

at

least

monthly

to

review

and

approve

valuation

matters,

which

may

include

a

description

of

specific

valuation

determinations,

data

regarding

pricing

information

received

from

approved

pricing

vendors

and

brokers

and

the

results

of

Board-approved

valuation

policies

and

procedures

(the

Policies).

The

Policies

address,

among

other

things,

instances

when

market

quotations

are

or

are

not

readily

available,

including

recommendations

of

third

party

pricing

vendors

and

a

determination

of

appropriate

pricing

methodologies;

events

that

require

specific

valuation

determinations

and

assessment

of

fair

value

techniques;

securities

with

a

potential

for

stale

pricing,

including

those

that

are

illiquid,

restricted,

or

in

default;

and

the

effectiveness

of

third

party

pricing

vendors,

including

periodic

reviews

of

vendors.

The

Committee

meets

more

frequently,

as

needed,

to

discuss

additional

valuation

matters,

which

may

include

the

need

to

review

back-testing

results,

review

time-

sensitive

information

or

approve

related

valuation

actions.

Representatives

of

Columbia

Management

Investment

Advisers,

LLC

report

to

the

Board

at

each

of

its

regularly

scheduled

meetings

to

discuss

valuation

matters

and

actions

during

the

period,

similar

to

those

described

earlier.

The

following

table

is

a

summary

of

the

inputs

used

to

value

the

Fund's

investments

at

March

31,

2026:

See

the

Portfolio

of

Investments

for

all

investment

classifications

not

indicated

in

the

table.

(a) Non-income

producing

investment.

(b) Represents

privately

placed

and

other

securities

and

instruments

exempt

from

Securities

and

Exchange

Commission

registration

(collectively,

private

placements),

such

as

Section

4(a)(2)

and

Rule

144A

eligible

securities,

which

are

often

sold

only

to

qualified

institutional

buyers.

At

March

31,

2026,

the

total

value

of

these

securities

amounted

to

$7,335,758,

which

represents

3.44%

of

total

net

assets.

(c) The

rate

shown

is

the

seven-day

current

annualized

yield

at

March

31,

2026. #### Level

#### 1

#### ($)

#### Level

#### 2

#### ($)

#### Level

#### 3

#### ($)

#### Total

#### ($)

#### Investments

#### in

#### Securities
Common

Stocks

Consumer

Discretionary

134,693,744

—

—

134,693,744

Consumer

Staples

79,219,762

—

—

79,219,762

Total

Common

Stocks

213,913,506

—

—

213,913,506

Money

Market

Funds

758,483

—

—

758,483

Total

Investments

in

Securities

214,671,989

—

—

214,671,989

Statement

of

Assets

and

Liabilities

Columbia

India

Consumer

ETF

March

31,

2026

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Columbia

ETF

Trust

II

\|

2026

#### Assets
Investments

in

securities,

at

value

$

–

Unaffiliated

issuers

(cost

$185,040,437)

$

214,671,989

Receivable

for:

–

Dividends

47,294

Expense

reimbursement

due

from

Investment

Manager

5,127

Total

assets

214,724,410

#### Liabilities
Due

to

custodian

5,098

Payable

for:

—

Foreign

capital

gains

taxes

deferred

1,375,555

Investment

management

fees

152,564

Total

liabilities

1,533,217

#### Net

#### assets

#### applicable

#### to

#### outstanding

#### capital

#### stock

#### $

#### 213,191,193

#### Represented

#### by:
Paid

in

capital

$

207,241,553

Total

distributable

earnings

(loss)

5,949,640

#### Total

#### -

#### representing

#### net

#### assets

#### applicable

#### to

#### outstanding

#### capital

#### stock

#### $

#### 213,191,193
Net

assets

$

213,191,193

Shares

outstanding

4,000,000

Net

asset

value

per

share

$

53.30 Statement

of

Operations

Columbia

India

Consumer

ETF

Year

Ended

March

31,

2026

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Columbia

ETF

Trust

II

\|

2026

#### Net

#### investment

#### income
Income:

Dividends

-

unaffiliated

issuers

$

8,397,580

Foreign

taxes

withheld

(747,890)

Total

income

7,649,690

Expenses:

Investment

management

fees

2,186,766

Overdraft

fees

5,127

Total

expenses

2,191,893

Fees

waived

or

expenses

reimbursed

by

Investment

Manager

and

its

affiliates

(5,127)

Total

net

expenses

2,186,766

#### Net

#### investment

#### income

#### 5,462,924

#### Realized

#### and

#### unrealized

#### gain
(loss)

#### -

#### net
Net

realized

loss

on:

–

Investments

-

unaffiliated

issuers

(5,542,428)

Foreign

currency

translations

(229,628)

Net

realized

loss

(5,772,056)

Net

change

in

unrealized

depreciation

on:

–

Investments

-

unaffiliated

issuers

(22,345,404)

Foreign

currency

translations

(103)

Foreign

capital

gains

tax

(1,368,645)

Net

change

in

unrealized

depreciation

(23,714,152)

Net

realized

and

unrealized

loss

(29,486,208)

#### Net

#### decrease

#### in

#### net

#### assets

#### resulting

#### from

#### operations

#### (#### 24,023,284

####)
Statement

of

Changes

in

Net

Assets

Columbia

India

Consumer

ETF

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Columbia

ETF

Trust

II

\|

2026

#### Year

#### Ended

#### March

#### 31,

#### 2026

#### Year

#### Ended

#### March

#### 31,

#### 2025
(a) #### Operations

#### –
Net

investment

income

$

5,462,924

$

873,790

Net

realized

loss

(5,772,056)

(13,743,366)

Net

change

in

unrealized

depreciation

(23,714,152)

(11,213,454)

Net

decrease

in

net

assets

resulting

from

operations

(24,023,284)

(24,083,030)

#### Distributions

#### to

#### Shareholders

#### –
Net

investment

income

and

net

realized

gains

—

(11,045,759)

Total

distributions

to

shareholders

—

(11,045,759)

Increase

(decrease)

in

net

assets

from

capital

stock

activity

(80,590,816)

105,227,701

#### Total

#### increase
(decrease)

#### in

#### net

#### assets
(104,614,100)

70,098,912

#### Net

#### Assets:

#### –
Net

assets

at

beginning

of

year

317,805,293

247,706,381

#### Net

#### assets

#### at

#### end

#### of

#### year

#### $

#### 213,191,193

#### $

#### 317,805,293

#### Year

#### Ended

#### March

#### 31,

#### 2026

#### Year

#### Ended

#### March

#### 31,

#### 2025
(a) #### Shares

#### Dollars

#### ($)

#### Shares

#### Dollars

#### ($)

#### Capital

#### stock

#### activity
Shares

sold

300,000

19,793,780

2,650,000

187,078,485

Shares

redeemed

(1,600,000)

(100,384,596)

(1,250,000)

(81,850,784)

Net

increase

(decrease)

(1,300,000)

(80,590,816)

1,400,000

105,227,701

(a) Consolidated.

Financial

Highlights

Columbia

India

Consumer

ETF

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Columbia

ETF

Trust

II

\|

2026

The

following

table

is intended

to

help

you

understand the

Fund's

financial

performance.

Per

share

net

investment

income

(loss)

amounts

are

calculated

based

on

average

shares

outstanding

during

the

period.

Total

return

assumes

reinvestment

of

all

dividends

and

distributions,

if

any.

Total

Return

at

NAV

is

calculated

assuming

an

initial

investment

made

at

the

net

asset

value

at

the

beginning

of

the

period,

reinvestment

of

all

dividends

and

distributions

at

net

asset

value

during

the

period

and

redemption

on

the

last

day

of

the

period. The

total

return

would

have

been

lower

if

certain

expenses

had

not

been

reimbursed/waived

by

the

Investment

Manager,

if

applicable.

Total

return

and

portfolio

turnover

are

not

annualized

for

periods

of

less

than

one

year.

The

ratios

of

expenses

and

net

investment

income

are

annualized

for

periods

of

less

than

one

year.

The

portfolio

turnover

rate

is

calculated

without

regard

to

purchase

and

sales

transactions

of

short-term

instruments,

certain

derivatives

and

in-kind

transactions,

if

any.

If

such

transactions

were

included,

the

Fund's

portfolio

turnover

rate

may

be

higher.

A

zero

balance

may

reflect

an

amount

rounding

to

less

than

$0.01

or

0.01%.

#### Year

#### Ended

#### March

#### 31,

#### 2026

#### 2025
(a) #### 2024
(a) #### 2023
(a) #### 2022
(a) #### Per

#### share

#### data
Net

asset

value,

beginning

of

year

$

.96

$

.51

$

.38

$

.13

$

.85

#### Income
(loss)

#### from

#### investment

#### operations:
Net

investment

income

.20

.16

.03

.12

.38

Net

realized

and

unrealized

gain

(loss)

(7

.86)

(1

.85)

.34

(1

.07)

.27

Total

from

investment

operations

(6

.66)

(1

.69)

.37

(0

.95)

.65

#### Less

#### distributions

#### to

#### shareholders

#### from:
Net

investment

income

—

—

—

(0

.11)

(0

.08)

Net

realized

gains

—

(1

.86)

(2

.24)

(4

.69)

(3

.29)

Total

distributions

to

shareholders

—

(1

.86)

(2

.24)

(4

.80)

(3

.37)

Net

asset

value,

end

of

year

$

.30

$

.96

$

.51

$

.38

$

.13

Total

Return

at

NAV

(11

.11)

%

(2

.93)

%

.74

%

(2

.38)

%

.22

%

#### Ratios

#### to

#### average

#### net

#### assets
Total

gross

expenses

(b) 0

.75

%

(c) 0

.76

%

(d) ,(e)

.77

%

(f) 0

.77

%

(f) 0

.77

%

(f) Total

net

expenses

(b) ,(g)

.75

%

(c) 0

.75

%

(d) ,(e)

.75

%

(f) 0

.75

%

(f) 0

.75

%

(f) Net

investment

income

.87

%

.24

%

.06

%

.24

%

.70

%

#### Supplemental

#### data
Net

assets,

end

of

year

(in

thousands)

$

213,191

$

317,805

$

247,706

$

71,007

$

77,709

Portfolio

turnover

%

%

%

%

%

#### Notes

#### to

#### Financial

#### Highlights
(a) Consolidated.

(b) In

addition

to

the

fees

and

expenses

that

the

Fund

bears

directly,

the

Fund

indirectly

bears

a

pro

rata

share

of

the

fees

and

expenses

of

any

other

funds

in

which

it

invests.

Such

indirect

expenses

are

not

included

in

the

Fund's

reported

expense

ratios.

(c) Ratios

include

less

than

0.01%

attributed

to

fees

outside

the

unitary

fee

(as

defined

in

Note

3).

(d) The

total

gross

expense

ratio

includes

0.01%

attributed

to

overdraft

expense

and

tax

expense,

which

is

outside

the

unitary

fee

(as

defined

in

Note

3).

There

is

no

impact

to

the

total

net

expense

ratio

attributed

to

overdraft

expense,

and

tax

expense,

as

the

entire

overdraft

expense

and

tax

expense

was

waived.

(e) Ratios

include

line

of

credit

interest

expense

which

is

less

than

0.01%.

(f) The

total

gross

expense

ratio

includes

0.02%

attributed

to

overdraft

expense

and

tax

expense,

which

is

outside

the

unitary

fee

(as

defined

in

Note

3).

There

is

no

impact

to

the

total

net

expense

ratio

attributed

to

overdraft

expense,

and

tax

expense,

as

the

entire

overdraft

expense

and

tax

expense

were

waived.

(g) Total

net

expenses

include

the

impact

of

certain

fee

waivers/expense

reimbursements

made

by

the

Investment

Manager and

certain

of

its

affiliates,

if

applicable.

Portfolio

of

Investments

Columbia

Research

Enhanced

Emerging

Economies

ETF,

March

31,

2026

(Percentages

represent

value

of

investments

compared

to

net

assets)

Investments

in

Securities

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Columbia

ETF

Trust

II

\|

2026

#### Issuer

#### .

#### Shares

#### .

#### Value

#### ($)

#### Common

#### Stocks

#### 96

#### .7

#### %

#### Brazil

#### 2.5%
Ambev

SA

309,791

904,703

B3

SA

-

Brasil

Bolsa

Balcao

319,704

1,126,505

Cia

de

Saneamento

Basico

do

Estado

de

Sao

Paulo

SABESP

37,651

1,140,933

Embraer

SA

36,862

543,194

Suzano

SA

50,699

503,888

Vale

SA

186,694

2,948,806

Total

7,168,029

#### Chile

#### 0.5%
Banco

de

Chile

5,570,181

1,002,944

Latam

Airlines

Group

SA

20,671,152

504,984

Total

1,507,928

#### China

#### 26.9%
3SBio,

Inc.

(a) 104,162

300,787

AAC

Technologies

Holdings,

Inc.

1,137

4,800

Agricultural

Bank

of

China

Ltd.,

Class

H

1,548,738

1,100,287

Airtac

International

Group

15,127

469,850

ANTA

Sports

Products

Ltd.

78,374

756,730

Bank

of

China

Ltd.,

Class

H

3,419,318

2,167,548

Bilibili,

Inc.,

Class

Z

(b) 17,682

384,980

BYD

Co.

Ltd.,

Class

H

179,535

2,422,745

China

Construction

Bank

Corp.,

Class

H

4,653,069

4,979,370

China

CSSC

Holdings

Ltd.,

Class

A

135,226

603,684

China

Galaxy

Securities

Co.

Ltd.,

Class

H

32,200

32,446

China

Hongqiao

Group

Ltd.

152,720

677,093

China

International

Capital

Corp.

Ltd.,

Class

H

(a) 9,949

21,788

China

Life

Insurance

Co.

Ltd.,

Class

H

417,890

1,311,203

China

Merchants

Bank

Co.

Ltd.,

Class

H

201,436

1,266,137

China

Overseas

Land

&

Investment

Ltd.

343,725

506,368

China

Pacific

Insurance

Group

Co.

Ltd.,

Class

H

162,913

662,441

China

Petroleum

&

Chemical

Corp.,

Class

H

1,194,310

683,969

China

Resources

Beer

Holdings

Co.

Ltd.

161,840

529,269

China

Resources

Land

Ltd.

195,476

714,068

China

Shenhua

Energy

Co.

Ltd.,

Class

H

213,948

1,258,550

China

Yangtze

Power

Co.

Ltd.,

Class

A

371,793

1,455,268

CITIC

Ltd.

415,470

626,369

CITIC

Securities

Co.

Ltd.,

Class

H

119,790

363,333

#### Issuer

#### .

#### Shares

#### .

#### Value

#### ($)

#### Common

#### Stocks
(continued)

CMOC

Group

Ltd.,

Class

H

30,516

62,665

Contemporary

Amperex

Technology

Co.

Ltd.,

Class

H

5,543

433,743

East

Money

Information

Co.

Ltd.,

Class

A

276,570

756,262

Giant

Biogene

Holding

Co.

Ltd.

(a) 10,395

36,461

H

World

Group

Ltd.

ADR

13,632

685,553

Haier

Smart

Home

Co.

Ltd.,

Class

H

200,801

530,675

Hygon

Information

Technology

Co.

Ltd.,

Class

A

32,966

1,003,363

Industrial

&

Commercial

Bank

of

China

Ltd.,

Class

H

3,361,836

2,941,531

Industrial

Bank

Co.

Ltd.,

Class

A

346,157

943,035

JD

Health

International,

Inc.

(a),(b)

62,840

377,191

JD.com,

Inc.,

Class

A

151,218

2,183,347

Kanzhun

Ltd.

ADR

21,302

285,234

KE

Holdings,

Inc.,

Class

A

100,336

485,030

Kingdee

International

Software

Group

Co.

Ltd.

(b) 22,597

24,700

Kingsoft

Corp.

Ltd.

75,214

215,659

Kuaishou

Technology

(a) 147,047

846,249

Kweichow

Moutai

Co.

Ltd.,

Class

A

18,422

3,866,695

Lenovo

Group

Ltd.

429,731

501,523

Li

Auto,

Inc.,

Class

A

(b) 66,044

570,289

Li

Ning

Co.

Ltd.

214,683

585,982

Meitu,

Inc.

(a) 76,210

41,701

Midea

Group

Co.

Ltd.,

Class

H

47,690

509,735

MINISO

Group

Holding

Ltd.

3,836

15,050

Muyuan

Foods

Co.

Ltd.,

Class

A

95,208

574,842

NAURA

Technology

Group

Co.

Ltd.,

Class

A

8,077

522,628

NetEase,

Inc.

85,420

1,857,620

New

China

Life

Insurance

Co.

Ltd.,

Class

H

59,486

351,141

New

Oriental

Education

&

Technology

Group,

Inc.

88,184

490,399

Nongfu

Spring

Co.

Ltd.,

Class

H

(a) 120,880

723,411

PDD

Holdings,

Inc.

ADR

(b) 37,403

3,821,838

People's

Insurance

Co.

Group

of

China

Ltd.,

Class

H

527,659

363,429

PetroChina

Co.

Ltd.,

Class

H

1,336,799

1,832,936

PICC

Property

&

Casualty

Co.

Ltd.,

Class

H

374,307

680,801

Ping

An

Insurance

Group

Co.

of

China

Ltd.,

Class

H

351,195

2,663,012

Pop

Mart

International

Group

Ltd.

(a) 31,422

575,521

Portfolio

of

Investments

(continued)

Columbia

Research

Enhanced

Emerging

Economies

ETF,

March

31,

2026

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Columbia

ETF

Trust

II

\|

2026

#### Issuer

#### .

#### Shares

#### .

#### Value

#### ($)

#### Common

#### Stocks
(continued)

Qfin

Holdings,

Inc.

ADR

1,985

25,626

Seres

Group

Co.

Ltd.,

Class

A

27,101

356,328

Shanghai

Pudong

Development

Bank

Co.

Ltd.,

Class

A

468,468

690,340

Shenzhen

Mindray

Bio-Medical

Electronics

Co.

Ltd.,

Class

A

19,353

461,287

Shenzhou

International

Group

Holdings

Ltd.

59,364

354,206

Sungrow

Power

Supply

Co.

Ltd.,

Class

A

32,226

703,279

Sunny

Optical

Technology

Group

Co.

Ltd.

39,942

272,302

TAL

Education

Group

ADR

(b) 27,371

311,208

Tencent

Holdings

Ltd.

128,224

7,915,666

Tencent

Music

Entertainment

Group

ADR

34,189

317,274

Tongcheng

Travel

Holdings

Ltd.

(a) 4,060

9,321

Trip.com

Group

Ltd.

(b) 32,115

1,559,832

Victory

Giant

Technology

Huizhou

Co.

Ltd.,

Class

A

12,808

465,361

Vipshop

Holdings

Ltd.

ADR

23,983

377,013

WuXi

AppTec

Co.

Ltd.,

Class

H

(a) 26,612

398,830

Wuxi

Biologics

Cayman,

Inc.

(a),(b)

179,114

754,361

WuXi

XDC

Cayman,

Inc.

(b) 2,253

16,725

Xiaomi

Corp.,

Class

B

(a),(b)

829,039

3,358,368

Zhaojin

Mining

Industry

Co.

Ltd.,

Class

H

86,360

349,617

Zhejiang

Leapmotor

Technology

Co.

Ltd.,

Class

H

(a),(b)

8,365

50,167

Zijin

Mining

Group

Co.

Ltd.,

Class

H

314,540

1,378,485

ZTE

Corp.,

Class

H

3,167

8,806

ZTO

Express

Cayman,

Inc.

28,870

694,114

Total

76,486,850

#### Czech

#### Republic

#### 0.3%
CEZ

AS

14,845

835,499

#### Egypt

#### 0.2%
Commercial

International

Bank

-

Egypt

(CIB)

199,914

443,195

#### Greece

#### 0.4%
National

Bank

of

Greece

SA

79,943

1,219,080

#### Hungary

#### 0.3%
MOL

Hungarian

Oil

&

Gas

PLC

72,786

859,108

#### India

#### 11.6%
Adani

Ports

&

Special

Economic

Zone

Ltd.

53,384

738,775

Bharat

Petroleum

Corp.

Ltd.

230,395

682,571

Bharti

Airtel

Ltd.

198,084

3,722,399

#### Issuer

#### .

#### Shares

#### .

#### Value

#### ($)

#### Common

#### Stocks
(continued)

Britannia

Industries

Ltd.

10,545

602,913

Cipla

Ltd.

52,965

683,612

Coal

India

Ltd.

177,448

842,725

Cummins

India

Ltd.

16,249

770,934

Dr.

Reddy's

Laboratories

Ltd.

57,025

754,471

Eicher

Motors

Ltd.

11,302

784,775

GAIL

India

Ltd.

273,188

396,639

HCL

Technologies

Ltd.

45,333

641,218

Hero

MotoCorp

Ltd.

12,641

674,773

Hindalco

Industries

Ltd.

127,546

1,189,347

Hindustan

Aeronautics

Ltd.

(a) 15,453

568,144

Hindustan

Petroleum

Corp.

Ltd.

82,065

290,195

Hitachi

Energy

India

Ltd.

604

154,329

Indus

Towers

Ltd.

(b) 131,544

579,925

Infosys

Ltd.

141,085

1,860,234

InterGlobe

Aviation

Ltd.

(a) 18,197

756,572

ITC

Ltd.

291,049

882,824

JSW

Steel

Ltd.

64,660

765,227

Larsen

&

Toubro

Ltd.

59,398

2,194,404

Lupin

Ltd.

28,196

687,861

Maruti

Suzuki

India

Ltd.

9,102

1,180,924

Oil

&

Natural

Gas

Corp.

Ltd.

331,253

994,122

Petronet

LNG

Ltd.

108,989

285,489

Power

Finance

Corp.

Ltd.

149,208

596,997

REC

Ltd.

144,571

465,042

Sun

Pharmaceutical

Industries

Ltd.

85,956

1,592,450

Tata

Consultancy

Services

Ltd.

30,671

762,792

Tata

Motors

Ltd.

(b) 181,411

755,108

Tata

Motors

Passenger

Vehicles

Ltd.

91,771

286,589

Tata

Steel

Ltd.

608,442

1,230,756

Tech

Mahindra

Ltd.

33,194

484,355

Torrent

Pharmaceuticals

Ltd.

12,543

558,088

TVS

Motor

Co.

Ltd.

20,600

730,577

UPL

Ltd.

65,416

391,708

Vedanta

Ltd.

138,736

957,781

Vishal

Mega

Mart

Ltd.

(b) 265,062

294,269

Wipro

Ltd.

82,855

163,913

Total

32,955,827

Portfolio

of

Investments

(continued)

Columbia

Research

Enhanced

Emerging

Economies

ETF,

March

31,

2026

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Columbia

ETF

Trust

II

\|

2026

#### Issuer

#### .

#### Shares

#### .

#### Value

#### ($)

#### Common

#### Stocks
(continued)

#### Indonesia

#### 1.0%
Astra

International

Tbk.

PT

1,761,184

647,704

Bank

Mandiri

Persero

Tbk.

PT

2,797,135

776,868

Bank

Rakyat

Indonesia

Persero

Tbk.

PT

4,799,057

940,354

Telkom

Indonesia

Persero

Tbk.

PT

3,448,789

620,983

Total

2,985,909

#### Kuwait

#### 0.8%
Mobile

Telecommunications

Co.

KSCP

1,191,932

2,194,448

#### Malaysia

#### 1.2%
Malayan

Banking

Bhd.

368,400

1,033,594

Public

Bank

Bhd.

1,002,000

1,158,152

Telekom

Malaysia

Bhd.

351,400

616,187

Tenaga

Nasional

Bhd.

188,900

648,484

Total

3,456,417

#### Mexico

#### 2.1%
Cemex

SAB

de

CV

981,533

1,118,006

Grupo

Aeroportuario

del

Pacifico

SAB

de

CV,

Class

B

29,865

731,913

Grupo

Financiero

Banorte

SAB

de

CV,

Class

O

152,304

1,678,075

Grupo

Mexico

SAB

de

CV

195,372

2,078,308

Industrias

Penoles

SAB

de

CV

(b) 7,249

320,075

Total

5,926,377

#### Philippines

#### 0.2%
SM

Investments

Corp.

47,030

479,977

#### Qatar

#### 0.8%
Qatar

Islamic

Bank

QPSC

137,908

857,901

Qatar

National

Bank

QPSC

284,628

1,332,068

Total

2,189,969

#### Russia

#### 0.0%
Magnit

PJSC

(b),(c),(d),(e)

15,524

—

Mobile

TeleSystems

PJSC

ADR

(b),(c),(d),(e)

86,390

Total

#### Saudi

#### Arabia

#### 2.6%
Bank

AlBilad

97,442

703,693

Banque

Saudi

Fransi

150,323

794,357

Etihad

Etisalat

Co.

38,935

677,518

Riyad

Bank

154,966

1,217,395

SABIC

Agri-Nutrients

Co.

25,678

992,195

#### Issuer

#### .

#### Shares

#### .

#### Value

#### ($)

#### Common

#### Stocks
(continued)

Saudi

National

Bank

276,448

3,080,813

Total

7,465,971

#### South

#### Africa

#### 3.9%
Absa

Group

Ltd.

78,534

1,106,564

Capitec

Bank

Holdings

Ltd.

5,984

1,441,107

FirstRand

Ltd.

328,753

1,654,376

Gold

Fields

Ltd.

42,823

1,902,550

Harmony

Gold

Mining

Co.

Ltd.

28,670

428,773

Impala

Platinum

Holdings

Ltd.

35,525

495,866

MTN

Group

Ltd.

101,208

1,155,607

Sasol

Ltd.

(b) 8,499

111,898

Sibanye

Stillwater

Ltd.

109,485

326,456

Standard

Bank

Group

Ltd.

86,737

1,542,695

Valterra

Platinum

Ltd.

10,556

863,967

Total

11,029,859

#### South

#### Korea

#### 16.0%
Hana

Financial

Group,

Inc.

18,339

1,276,360

Hanwha

Aerospace

Co.

Ltd.

1,360

1,109,026

HD

Hyundai

Electric

Co.

Ltd.

104,296

HD

Hyundai

Heavy

Industries

Co.

Ltd.

1,225

371,903

HD

Korea

Shipbuilding

&

Offshore

Engineering

Co.

Ltd.

2,662

597,870

Hyosung

Heavy

Industries

Corp.

78,571

Hyundai

Mobis

Co.

Ltd.

3,926

968,908

Hyundai

Rotem

Co.

Ltd.

1,623

179,609

Kakao

Corp.

10,658

318,700

KB

Financial

Group,

Inc.

18,966

1,757,109

Kia

Corp.

15,242

1,444,937

NAVER

Corp.

7,322

963,264

POSCO

Holdings,

Inc.

2,338

507,547

Samsung

Electronics

Co.

Ltd.

169,729

18,528,182

Samsung

Fire

&

Marine

Insurance

Co.

Ltd.

2,039

586,413

Samsung

Heavy

Industries

Co.

Ltd.

(b) 43,455

693,680

Shinhan

Financial

Group

Co.

Ltd.

25,732

1,473,376

SK

Hynix,

Inc.

24,403

12,857,520

SK

Square

Co.

Ltd.

(b) 1,974

601,228

Woori

Financial

Group,

Inc.

57,251

1,197,986

Total

45,616,485

#### Taiwan

#### 20.4%
Accton

Technology

Corp.

35,198

1,662,464

Portfolio

of

Investments

(continued)

Columbia

Research

Enhanced

Emerging

Economies

ETF,

March

31,

2026

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Columbia

ETF

Trust

II

\|

2026

#### Issuer

#### .

#### Shares

#### .

#### Value

#### ($)

#### Common

#### Stocks
(continued)

Alchip

Technologies

Ltd.

3,121

242,593

ASE

Technology

Holding

Co.

Ltd.

258,609

2,657,274

Asia

Vital

Components

Co.

Ltd.

27,019

1,681,821

Asustek

Computer,

Inc.

49,025

841,874

Chunghwa

Telecom

Co.

Ltd.

300,818

1,251,448

CTBC

Financial

Holding

Co.

Ltd.

1,254,025

2,012,245

Delta

Electronics,

Inc.

132,170

5,705,179

E.Sun

Financial

Holding

Co.

Ltd.

1,168,357

1,160,317

Elite

Material

Co.

Ltd.

21,373

1,738,186

eMemory

Technology,

Inc.

1,938

159,429

Evergreen

Marine

Corp.

Taiwan

Ltd.

104,836

654,201

First

Financial

Holding

Co.

Ltd.

1,060,973

935,860

Fortune

Electric

Co.

Ltd.

4,528

111,465

Global

Unichip

Corp.

1,137

76,997

Hon

Hai

Precision

Industry

Co.

Ltd.

836,262

4,904,571

Hotai

Motor

Co.

Ltd.

41,803

632,210

Hua

Nan

Financial

Holdings

Co.

Ltd.

862,540

895,725

Jentech

Precision

Industrial

Co.

Ltd.

6,781

804,939

KGI

Financial

Holding

Co.

Ltd.

1,968,874

1,185,512

King

Slide

Works

Co.

Ltd.

4,528

449,684

Largan

Precision

Co.

Ltd.

7,366

496,520

Lite-On

Technology

Corp.

171,818

755,096

Lotes

Co.

Ltd.

9,034

579,284

MediaTek,

Inc.

95,550

4,453,222

Novatek

Microelectronics

Corp.

17,838

211,746

Realtek

Semiconductor

Corp.

34,175

510,968

SinoPac

Financial

Holdings

Co.

Ltd.

1,216,306

1,167,989

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

271,650

14,954,769

Uni-President

Enterprises

Corp.

429,579

954,023

United

Microelectronics

Corp.

775,425

1,370,395

Voltronic

Power

Technology

Corp.

1,137

25,749

Wan

Hai

Lines

Ltd.

20,344

49,062

Wiwynn

Corp.

6,781

699,947

Yageo

Corp.

62,148

473,351

Yang

Ming

Marine

Transport

Corp.

116,141

188,906

Yuanta

Financial

Holding

Co.

Ltd.

1,062,424

1,487,128

Total

58,142,149

#### Thailand

#### 1.5%
Advanced

Info

Service

PCL

64,200

726,095

#### Issuer

#### .

#### Shares

#### .

#### Value

#### ($)

#### Common

#### Stocks
(continued)

Bangkok

Dusit

Medical

Services

PCL

538,000

306,683

CP

ALL

PCL

430,000

593,238

Delta

Electronics

Thailand

PCL

206,600

1,622,481

PTT

PCL

889,700

944,193

Total

4,192,690

#### Turkey

#### 0.6%
Akbank

TAS

345,301

512,363

Aselsan

Elektronik

Sanayi

Ve

Ticaret

AS

99,472

716,184

Turk

Hava

Yollari

AO

73,246

484,547

Yapi

ve

Kredi

Bankasi

AS

(b) 183,589

136,288

Total

1,849,382

#### United

#### Arab

#### Emirates

#### 2.5%
Abu

Dhabi

Commercial

Bank

PJSC

240,984

810,868

Abu

Dhabi

Islamic

Bank

PJSC

110,866

621,741

Aldar

Properties

PJSC

(b) 277,866

589,273

Emaar

Properties

PJSC

396,792

1,263,841

Emirates

NBD

Bank

PJSC

166,151

1,209,958

Emirates

Telecommunications

Group

Co.

PJSC

265,655

1,348,055

First

Abu

Dhabi

Bank

PJSC

300,498

1,390,701

Total

7,234,437

#### United

#### States

#### 0.4%
BeOne

Medicines

Ltd.,

Class

H

(b) 51,020

1,116,685

Total

Common

Stocks

(Cost

$

249,707,390)

275,356,271

#### Preferred

#### Stocks

#### 2

#### .5

#### %

#### Brazil

#### 2.2%
Banco

Bradesco

SA

374,333

1,374,192

Itau

Unibanco

Holding

SA

323,510

2,693,671

Petroleo

Brasileiro

SA

-

Petrobras

245,617

2,289,218

Total

6,357,081

#### Colombia

#### 0.3%
Grupo

Cibest

SA

43,882

809,631

Total

Preferred

Stocks

(Cost

$

5,117,485)

7,166,712

Portfolio

of

Investments

(continued)

Columbia

Research

Enhanced

Emerging

Economies

ETF,

March

31,

2026

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Columbia

ETF

Trust

II

\|

2026

Security

#### Acquisition

#### Date
Shares

#### Cost

#### ($)

#### Value

#### ($)
Magnit

PJSC

12/27/2012-12/17/2021

15,524

3,017,072

—

Mobile

TeleSystems

PJSC

ADR

09/18/2020-12/17/2021

86,390

774,283

3,791,355

Notes

to

Portfolio

of

Investments

Fair

value

measurements

The

Fund

categorizes

its

fair

value

measurements

according

to

a

three-level

hierarchy

that

maximizes

the

use

of

observable

inputs

and

minimizes

the

use

of

unobservable

inputs

by

prioritizing

that

the

most

observable

input

be

used

when

available.

Observable

inputs

are

those

that

market

participants

would

use

in

pricing

an

investment

based

on

market

data

obtained

from

sources

independent

of

the

reporting

entity.

Unobservable

inputs

are

those

that

reflect

the

Fund's

assumptions

about

the

information

market

participants

would

use

in

pricing

an

investment.

An

investment's

level

within

the

fair

value

hierarchy

is

based

on

the

lowest

level

of

any

input

that

is

deemed

significant

to

the

asset's

or

liability's

fair

value

measurement.

The

input

levels

are

not

necessarily

an

indication

of

the

risk

or

liquidity

associated

with

investments

at

that

level.

For

example,

certain

U.S.

government

securities

are

generally

high

quality

and

liquid,

however,

they

are

reflected

as

Level

because

the

inputs

used

to

determine

fair

value

may

not

always

be

quoted

prices

in

an

active

market.

Fair

value

inputs

are

summarized

in

the

three

broad

levels

listed

below:

Level

—

Valuations

based

on

quoted

prices

for

investments

in

active

markets

that

the

Fund

has

the

ability

to

access

at

the

measurement

date.

Valuation

adjustments

are

not

applied

to

Level

investments.

Level

—

Valuations

based

on

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

prepayment

speeds,

credit

risks,

etc.).

Level

—

Valuations

based

on

significant

unobservable

inputs

(including

the

Fund's

own

assumptions

and

judgment

in

determining

the

fair

value

of

investments).

Inputs

that

are

used

in

determining

fair

value

of

an

investment

may

include

price

information,

credit

data,

volatility

statistics,

and

other

factors.

These

inputs

can

be

either

observable

or

unobservable.

The

availability

of

observable

inputs

can

vary

between

investments,

and

is

affected

by

various

factors

such

as

the

type

of

investment,

and

the

volume

and

level

of

activity

for

that

investment

or

similar

investments

in

the

marketplace.

The

inputs

will

be

considered

by

the

Investment

Manager,

along

with

any

other

relevant

factors

in

the

calculation

of

an

investment's

fair

value.

The

Fund

uses

prices

and

inputs

that

are

current

as

of

the

measurement

date,

which

may

include

periods

#### Issuer

#### .

#### Shares

#### .

#### Value

#### ($)

#### Money

#### Market

#### Funds

#### 0

#### .5

#### %
Goldman

Sachs

Financial

Square

Funds

-

Treasury

Instruments

Fund,

Institutional

Class,

3.541%

(f) 1,357,048

1,357,048

Total

Money

Market

Funds

(Cost

$

1,357,048)

1,357,048

#### Issuer

#### .

#### Shares

#### .

#### Value

#### ($)

#### Money

#### Market

#### Funds
(continued)

#### Total

#### Investments

#### in

#### Securities

#### (Cost

#### $

#### 256,181,923

####)

#### 283,880,031

#### Other

#### Assets

#### &

#### Liabilities,

#### Net

#### 785,380

#### Net

#### Assets

#### 284,665,411
(a) Represents

privately

placed

and

other

securities

and

instruments

exempt

from

Securities

and

Exchange

Commission

registration

(collectively,

private

placements),

such

as

Section

4(a)(2)

and

Rule

144A

eligible

securities,

which

are

often

sold

only

to

qualified

institutional

buyers.

At

March

31,

2026,

the

total

value

of

these

securities

amounted

to

$8,818,872,

which

represents

3.10%

of

total

net

assets.

(b) Non-income

producing

investment.

(c) Denotes

a

restricted

security,

which

is

subject

to

legal

or

contractual

restrictions

on

resale

under

federal

securities

laws.

Disposal

of

a

restricted

investment

may

involve

time-consuming

negotiations

and

expenses,

and

prompt

sale

at

an

acceptable

price

may

be

difficult

to

achieve.

Private

placement

securities

are

generally

considered

to

be

restricted,

although

certain

of

those

securities

may

be

traded

between

qualified

institutional

investors

under

the

provisions

of

Section

4(a)(2)

and

Rule

144A.

The

Fund

will

not

incur

any

registration

costs

upon

such

a

trade.

At

March

31,

2026,

the

total

market

value

of

these

securities

amounted

to

$0,

which

represents

less

than

0.01%

of

total

net

assets.

Additional

information

on

these

securities

is

as

follows:

(d) Valuation

based

on

significant

unobservable

inputs.

(e) Represents

fair

value

as

determined

in

good

faith

under

procedures

approved

by

the

Board

of

Trustees.

At

March

31,

2026,

the

total

value

of

these

securities

amounted

to

$0,

which

represents

less

than

0.01%

of

total

net

assets.

(f) The

rate

shown

is

the

seven-day

current

annualized

yield

at

March

31,

2026. Abbreviation

Legend

ADR

American

Depositary

Receipt

PJSC

Private

Joint

Stock

Company

Portfolio

of

Investments

(continued)

Columbia

Research

Enhanced

Emerging

Economies

ETF,

March

31,

2026

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Columbia

ETF

Trust

II

\|

2026

of

market

dislocations.

During

these

periods,

the

availability

of

prices

and

inputs

may

be

reduced

for

many

investments.

This

condition

could

cause

an

investment

to

be

reclassified

between

the

various

levels

within

the

hierarchy.

Investments

falling

into

the

Level

category,

if

any,

are

primarily

supported

by

quoted

prices

from

brokers

and

dealers

participating

in

the

market

for

those

investments.

However,

these

may

be

classified

as

Level

investments

due

to

lack

of

market

transparency

and

corroboration

to

support

these

quoted

prices.

Additionally,

valuation

models

may

be

used

as

the

pricing

source

for

any

remaining

investments

classified

as

Level

3. These

models

may

rely

on

one

or

more

significant

unobservable

inputs

and/

or

significant

assumptions

by

the

Investment

Manager.

Inputs

used

in

valuations

may

include,

but

are

not

limited

to,

financial

statement

analysis,

capital

account

balances,

discount

rates

and

estimated

cash

flows,

and

comparable

company

data.

The

Fund's

Board of

Trustees

(the

Board)

has

designated

the

Investment

Manager,

through

its

Valuation

Committee

(the

Committee),

as

valuation

designee,

responsible

for

determining

the

fair

value

of

the

assets

of

the

Fund

for

which

market

quotations

are

not

readily

available

using

valuation

procedures

approved

by

the

Board.

The

Committee

consists

of

voting

and

non-voting

members

from

various

groups

within

the

Investment

Manager's

organization,

including

operations

and

accounting,

trading

and

investments,

compliance,

risk

management

and

legal.

The

Committee

meets

at

least

monthly

to

review

and

approve

valuation

matters,

which

may

include

a

description

of

specific

valuation

determinations,

data

regarding

pricing

information

received

from

approved

pricing

vendors

and

brokers

and

the

results

of

Board-approved

valuation

policies

and

procedures

(the

Policies).

The

Policies

address,

among

other

things,

instances

when

market

quotations

are

or

are

not

readily

available,

including

recommendations

of

third

party

pricing

vendors

and

a

determination

of

appropriate

pricing

methodologies;

events

that

require

specific

valuation

determinations

and

assessment

of

fair

value

techniques;

securities

with

a

potential

for

stale

pricing,

including

those

that

are

illiquid,

restricted,

or

in

default;

and

the

effectiveness

of

third

party

pricing

vendors,

including

periodic

reviews

of

vendors.

The

Committee

meets

more

frequently,

as

needed,

to

discuss

additional

valuation

matters,

which

may

include

the

need

to

review

back-testing

results,

review

time-

sensitive

information

or

approve

related

valuation

actions.

Representatives

of

Columbia

Management

Investment

Advisers,

LLC

report

to

the

Board

at

each

of

its

regularly

scheduled

meetings

to

discuss

valuation

matters

and

actions

during

the

period,

similar

to

those

described

earlier.

The

following

table

is

a

summary

of

the

inputs

used

to

value

the

Fund's

investments

at

March

31,

2026:

See

the

Portfolio

of

Investments

for

all

investment

classifications

not

indicated

in

the

table.

The

Fund

does

not

hold

any

significant

investments

(greater

than

one

percent

of

net

assets)

categorized

as

Level

3. #### Level

#### 1

#### ($)

#### Level

#### 2

#### ($)

#### Level

#### 3

#### ($)

#### Total

#### ($)

#### Investments

#### in

#### Securities
Common

Stocks

Brazil

7,168,029

—

—

7,168,029

Chile

1,507,928

—

—

1,507,928

China

76,486,850

—

—

76,486,850

Czech

Republic

835,499

—

—

835,499

Egypt

443,195

—

—

443,195

Greece

1,219,080

—

—

1,219,080

Hungary

859,108

—

—

859,108

India

32,955,827

—

—

32,955,827

Indonesia

2,985,909

—

—

2,985,909

Kuwait

2,194,448

—

—

2,194,448

Malaysia

3,456,417

—

—

3,456,417

Mexico

5,926,377

—

—

5,926,377

Philippines

479,977

—

—

479,977

Qatar

2,189,969

—

—

2,189,969

Russia

—

—

(a) 0

(a) Saudi

Arabia

7,465,971

—

—

7,465,971

South

Africa

11,029,859

—

—

11,029,859

South

Korea

45,616,485

—

—

45,616,485

Taiwan

58,142,149

—

—

58,142,149

Thailand

4,192,690

—

—

4,192,690

Turkey

1,849,382

—

—

1,849,382

United

Arab

Emirates

7,234,437

—

—

7,234,437

United

States

1,116,685

—

—

1,116,685

Total

Common

Stocks

275,356,271

—

(a) 275,356,271

Preferred

Stocks

Brazil

6,357,081

—

—

6,357,081

Colombia

809,631

—

—

809,631

Total

Preferred

Stocks

7,166,712

—

—

7,166,712

Money

Market

Funds

1,357,048

—

—

1,357,048

Total

Investments

in

Securities

283,880,031

—

(a) 283,880,031

(a) Rounds

to

zero.

Fair

value

measurements

(continued)

Statement

of

Assets

and

Liabilities

Columbia

Research

Enhanced

Emerging

Economies

ETF

March

31,

2026

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Columbia

ETF

Trust

II

\|

2026

#### Assets
Investments

in

securities,

at

value

$

–

Unaffiliated

issuers

(cost

$256,181,923)

$

283,880,031

Cash

67,427

Foreign

currency

(cost

$48,992)

48,996

Receivable

for:

–

Dividends

765,789

Foreign

tax

reclaims

19,197

Expense

reimbursement

due

from

Investment

Manager

5,056

Other

4,626

Total

assets

284,791,122

#### Liabilities
Payable

for:

—

Investment

management

fees

125,711

Total

liabilities

125,711

#### Net

#### assets

#### applicable

#### to

#### outstanding

#### capital

#### stock

#### $

#### 284,665,411

#### Represented

#### by:
Paid

in

capital

$

482,630,251

Total

distributable

earnings

(loss)

(197,964,840)

#### Total

#### -

#### representing

#### net

#### assets

#### applicable

#### to

#### outstanding

#### capital

#### stock

#### $

#### 284,665,411
Net

assets

$

284,665,411

Shares

outstanding

10,250,000

Net

asset

value

per

share

$

27.77 Statement

of

Operations

Columbia

Research

Enhanced

Emerging

Economies

ETF

Year

Ended

March

31,

2026

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Columbia

ETF

Trust

II

\|

2026

#### Net

#### investment

#### income
Income:

Dividends

-

unaffiliated

issuers

$

5,581,971

Foreign

taxes

withheld

(601,493)

Total

income

4,980,478

Expenses:

Investment

management

fees

947,991

Total

expenses

947,991

Fees

waived

or

expenses

reimbursed

by

Investment

Manager

and

its

affiliates

(33,308)

Total

net

expenses

914,683

#### Net

#### investment

#### income

#### 4,065,795

#### Realized

#### and

#### unrealized

#### gain
(loss)

#### -

#### net
Net

realized

gain

(loss)

on:

–

Investments

-

unaffiliated

issuers

3,154,869

In-kind

transactions

519,768

Foreign

currency

translations

(377,965)

Net

realized

gain

3,296,672

Net

change

in

unrealized

appreciation

(depreciation)

on:

–

Investments

-

unaffiliated

issuers

29,558,365

Foreign

currency

translations

(11,493)

Foreign

capital

gains

tax

64,411

Net

change

in

unrealized

appreciation

29,611,283

Net

realized

and

unrealized

gain

32,907,955

#### Net

#### increase

#### in

#### net

#### assets

#### resulting

#### from

#### operations

#### 36,973,750
Statement

of

Changes

in

Net

Assets

Columbia

Research

Enhanced

Emerging

Economies

ETF

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Columbia

ETF

Trust

II

\|

2026

#### Year

#### Ended

#### March

#### 31,

#### 2026

#### Year

#### Ended

#### March

#### 31,

#### 2025

#### Operations

#### –
Net

investment

income

$

4,065,795

$

1,659,654

Net

realized

gain

3,296,672

802,751

Net

change

in

unrealized

appreciation

29,611,283

4,659

Net

increase

in

net

assets

resulting

from

operations

36,973,750

2,467,064

#### Distributions

#### to

#### Shareholders

#### –
Net

investment

income

and

net

realized

gains

(4,285,082)

(700,296)

Total

distributions

to

shareholders

(4,285,082)

(700,296)

Increase

in

net

assets

from

capital

stock

activity

164,897,458

26,485,122

#### Total

#### increase

#### in

#### net

#### assets
197,586,126

28,251,890

#### Net

#### Assets:

#### –
Net

assets

at

beginning

of

year

87,079,285

58,827,395

#### Net

#### assets

#### at

#### end

#### of

#### year

#### $

#### 284,665,411

#### $

#### 87,079,285

#### Year

#### Ended

#### March

#### 31,

#### 2026

#### Year

#### Ended

#### March

#### 31,

#### 2025

#### Shares

#### Dollars

#### ($)

#### Shares

#### Dollars

#### ($)

#### Capital

#### stock

#### activity
Shares

sold

6,750,000

176,837,229

2,050,000

45,491,314

Shares

redeemed

(500,000)

(11,939,771)

(900,000)

(19,006,192)

Net

increase

6,250,000

164,897,458

1,150,000

26,485,122

Financial

Highlights

Columbia

Research

Enhanced

Emerging

Economies

ETF

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Columbia

ETF

Trust

II

\|

2026

The

following

table

is intended

to

help

you

understand the

Fund's

financial

performance.

Per

share

net

investment

income

(loss)

amounts

are

calculated

based

on

average

shares

outstanding

during

the

period.

Total

return

assumes

reinvestment

of

all

dividends

and

distributions,

if

any.

Total

Return

at

NAV

is

calculated

assuming

an

initial

investment

made

at

the

net

asset

value

at

the

beginning

of

the

period,

reinvestment

of

all

dividends

and

distributions

at

net

asset

value

during

the

period

and

redemption

on

the

last

day

of

the

period. The

total

return

would

have

been

lower

if

certain

expenses

had

not

been

reimbursed/waived

by

the

Investment

Manager,

if

applicable.

Total

return

and

portfolio

turnover

are

not

annualized

for

periods

of

less

than

one

year.

The

ratios

of

expenses

and

net

investment

income

are

annualized

for

periods

of

less

than

one

year.

The

portfolio

turnover

rate

is

calculated

without

regard

to

purchase

and

sales

transactions

of

short-term

instruments,

certain

derivatives

and

in-kind

transactions,

if

any.

If

such

transactions

were

included,

the

Fund's

portfolio

turnover

rate

may

be

higher.

A

zero

balance

may

reflect

an

amount

rounding

to

less

than

$0.01

or

0.01%.

#### Year

#### Ended

#### March

#### 31,

#### 2026

#### 2025

#### 2024

#### 2023

#### 2022

#### Per

#### share

#### data
Net

asset

value,

beginning

of

year

$

.77

$

.64

$

.50

$

.33

$

.73

#### Income
(loss)

#### from

#### investment

#### operations:
Net

investment

income

.56

.52

.32

.35

.33

Net

realized

and

unrealized

gain

(loss)

.92

.77

.15

(0

.77)

(6

.47)

Total

from

investment

operations

.48

.29

.47

(0

.42)

(6

.14)

#### Less

#### distributions

#### to

#### shareholders

#### from:
Net

investment

income

(0

.48)

(0

.16)

(0

.33)

(0

.41)

(0

.26)

Total

distributions

to

shareholders

(0

.48)

(0

.16)

(0

.33)

(0

.41)

(0

.26)

Net

asset

value,

end

of

year

$

.77

$

.77

$

.64

$

.50

$

.33

Total

Return

at

NAV

.88

%

.25

%

.29

%

(1

.93)

%

(22

.22)

%

#### Ratios

#### to

#### average

#### net

#### assets
Total

gross

expenses

(a) 0

.49

%

.54

%

(b) 0

.49

%

(c) 0

.49

%

(c) 0

.53

%

(c) Total

net

expenses

(d) 0

.47

%

.49

%

(b) 0

.49

%

(c) 0

.49

%

(a) (c) 0

.53

%

(a) (c) Net

investment

income

.10

%

.41

%

.58

%

.71

%

.28

%

#### Supplemental

#### data
Net

assets,

end

of

year

(in

thousands)

$

284,665

$

87,079

$

58,827

$

85,079

$

117,297

Portfolio

turnover

%

%

%

%

%

#### Notes

#### to

#### Financial

#### Highlights
(a) In

addition

to

the

fees

and

expenses

that

the

Fund

bears

directly,

the

Fund

indirectly

bears

a

pro

rata

share

of

the

fees

and

expenses

of

any

other

funds

in

which

it

invests.

Such

indirect

expenses

are

not

included

in

the

Fund's

reported

expense

ratios.

(b) The

total

gross

expense

ratio

includes

0.05%

attributed

to

overdraft

expense,

which

is

outside

the

unitary

fee

(as

defined

in

Note

3).

There

is

no

impact

to

the

total

net

expense

ratio

attributed

to

overdraft

expense

as

the

entire

overdraft

expense

was

waived.

(c) The

total

gross

expense

ratio

includes

less

than

0.01%

attributed

to

overdraft

expense,

which

is

outside

the

unitary

fee

(as

defined

in

Note

3).

There

is

no

impact

to

the

total

net

expense

ratio

attributed

to

overdraft

expense

as

the

entire

overdraft

expense

was

waived.

(d) Total

net

expenses

include

the

impact

of

certain

fee

waivers/expense

reimbursements

made

by

the

Investment

Manager and

certain

of

its

affiliates,

if

applicable.

Notes

to

Financial

Statements

March

31,

2026

Columbia

ETF

Trust

II

\|

2026

Note

1. Organization

Columbia

ETF

Trust

II (the

Trust)

is

registered

under

the

Investment

Company

Act

of

1940,

as

amended

(the

1940

Act),

as

an

open-end

management

investment

company

organized

as

a

Delaware

statutory

trust.

Information

presented

in

these

financial

statements

pertains

to

the

following

series

of

the

Trust

(each,

a

Fund

and

collectively,

the

Funds):

Fund

Shares

The

Trust

may

issue

an

unlimited

number

of

shares

(without

par

value).

The

market

prices

of

each

Fund's

shares

may

differ

to

some

degree

from

each

respective

Fund's

net

asset

value

(NAV).

Unlike

conventional

mutual

funds,

each

Fund

issues

and

redeems

shares

on

a

continuous

basis,

at

NAV,

only

in

a

large

specified

number

of

shares,

each

called

a

"Creation

Unit."

A

Creation

Unit

consists

of

50,000

shares.

Creation

Units

are

issued

and

redeemed

generally

in-kind

for

a

basket

of

securities

and/or

for

cash.

Investors

such

as

market

makers,

large

investors

and

institutions

who

wish

to

deal

in

Creation

Units

directly

with

a

Fund

must

have

entered

into

an

authorized

participant

agreement (Authorized

Participants)

with

the

Fund's

principal

underwriter

and

the

transfer

agent,

or

purchase

through

a

dealer

that

has

entered

into

such

an

agreement.

Authorized

Participants

may

purchase

or

redeem

Fund

shares

directly

from

the

Fund

only

in

Creation

Units.

The

Funds'

shares

are

also

listed

on

the

New

York

Stock

Exchange

for

which

investors

can

purchase

and

sell

shares

on

the

secondary

market

through

a

broker

at

market

prices

which

may

differ

from

the

NAV

of

the

Fund.

Basis

for

Consolidation

For

the

year

ended

March

31,

2025,

and

any

prior

periods

reflected,

the

Consolidated

Statement

of

Changes

in

Net

Assets

and

the

Financial

Highlights

of

Columbia

India

Consumer

ETF

include

the

accounts

of

Columbia

India

Consumer

ETF

and

EG

Shares

India

Consumer

Mauritius,

a

wholly

owned

subsidiary

of

Columbia

India

Consumer

ETF

(the

Subsidiary)

located

in

the

Republic

of

Mauritius

(Mauritius).

All

inter-company

transactions

and

balances

have

been

eliminated

in

the

consolidation

process.

As

of

March

31,

2025,

Columbia

India

Consumer

ETF

has

transitioned

all

of

its

Indian

securities

out

of

the

Subsidiary

and

holds

investments

in

Indian

securities

directly

in

the

Fund.

Note

2. Summary

of

significant

accounting

policies

Basis

of

preparation

Each

Fund

is

an

investment

company

that

applies

the

accounting

and

reporting

guidance

in

the

Financial

Accounting

Standards

Board

(FASB)

Accounting

Standards

Codification

Topic

946,

Financial

Services

-

Investment

Companies

(ASC

946).The

financial

statements

are

prepared

in

accordance

with

U.S.

generally

accepted

accounting

principles

(GAAP),

which

requires

management

to

make

certain

estimates

and

assumptions

that

affect

the

reported

amounts

of

assets

and

liabilities,

the

disclosure

of

contingent

assets

and

liabilities

at

the

date

of

the

financial

statements

and

the

reported

amounts

of

income

and

expenses

during

the

reporting

period.

Actual

results

could

differ

from

those

estimates.

The

following

is

a

summary

of

significant

accounting

policies

followed

by

the

Funds

in

the

preparation

of

their

financial

statements.

Segment

reporting

The

intent

of

FASB

Accounting

Standards

Update

2023-07,

Segment

Reporting

(Topic

280)

-

Improvements

to

Reportable

Segment

Disclosures

is

to

enable

investors

to

better

understand

an

entity's

overall

performance

and

to

assess

its

potential

future

cash

flows

through

improved

segment

disclosures.

The

chief

operating

decision

maker

(CODM)

for

the

Funds

is

Columbia

Management

Investment

Advisors

through

its

Investment

Oversight

Committee

and

Global

Executive

Group,

which

are

responsible

for

assessing

performance

and

making

decisions

about

resource

allocation.

The

CODM

has

#### Fund

#### Diversification

#### status
Columbia

EM

Core

ex-China

ETF

Diversified

Columbia

India

Consumer

ETF

Non-Diversified

Columbia

Research

Enhanced

Emerging

Economies

ETF

Diversified

Notes

to

Financial

Statements

(continued)

March

31,

2026

Columbia

ETF

Trust

II

\|

2026

determined

that

the

Funds

have

a

single

operating

segment

because

the

CODM

monitors

the

operating

results

of

the

Funds

as

a

whole

and

the

Funds'

long-term

strategic

asset

allocation

is

pre-determined

in

accordance

with

the

terms

of

each

Fund's

prospectus,

based

on

a

defined

investment

strategy

which

is

executed

by

the

Funds'

portfolio

managers

as

a

team.

The

financial

information

provided

to

and

reviewed

by

the

CODM

is

consistent

with

that

presented

within

the

Funds'

financial

statements.

Security

valuation

Equity

securities

listed

on

an

exchange

are

valued

at

the

closing

price

or

last

trade

price

on

their

primary

exchange

at

the

close

of

business

of

the

New

York

Stock

Exchange.

Securities

with

a

closing

price

not

readily

available

or

not

listed

on

any

exchange

are

valued

at

the

mean

between

the

closing

bid

and

ask

prices.

Listed

preferred

stocks

convertible

into

common

stocks

are

valued

using

an

evaluated

price

from

a

pricing

service.

Foreign

equity

securities

are

valued

based

on

the

closing

price

or

last

trade

price on

their

primary

exchange

at

the

close

of

business

of

the

New

York

Stock

Exchange.

If

any

foreign

equity

security

closing

prices

are

not

readily

available,

the

securities

are

valued

at

the

mean

of

the

latest

quoted

bid

and

ask

prices

on

such

exchanges

or

markets.

Foreign

currency

exchange

rates

are

generally

determined

at

the

close

of

London's

exchange

at

11:00

a.m.

Eastern

(U.S.)

time.

Investments

in

open-end

investment

companies

(other

than

exchange-traded

funds

(ETFs)),

are

valued

at

the

latest

net

asset

value

reported

by

those

companies

as

of

the

valuation

time.

Investments

for

which

market

quotations

are

not

readily

available,

or

that

have

quotations

which

management

believes

are

not

reflective

of

market

value

or

reliable,

are

valued

at

fair

value

as

determined

in

good

faith

under

procedures

approved

by

the

Board

of

Trustees.

If

a

security

or

class

of

securities

(such

as

foreign

securities)

is

valued

at

fair

value,

such

value

is

likely

to

be

different

from

the

quoted

or

published

price

for

the

security,

if

available.

The

determination

of

fair

value

often

requires

significant

judgment.

To

determine

fair

value,

management

may

use

assumptions

including

but

not

limited

to

future

cash

flows

and

estimated

risk

premiums.

Multiple

inputs

from

various

sources

may

be

used

to

determine

fair

value.

GAAP

requires

disclosure

regarding

the

inputs

and

valuation

techniques

used

to

measure

fair

value

and

any

changes

in

valuation

inputs

or

techniques.

In

addition,

investments

shall

be

disclosed

by

major

category.

This

information

is

disclosed

following

the Funds'

Portfolios

of

Investments.

Foreign

currency

transactions

and

translations

The

values

of

all

assets

and

liabilities

denominated

in

foreign

currencies

are

generally

translated

into

U.S.

dollars

at

exchange

rates

determined

at

the

close

of

the

London

Stock

Exchange

on

any

given

day.

Net

realized

and

unrealized

gains

(losses)

on

foreign

currency

transactions

and

translations

include

gains

(losses)

arising

from

the

fluctuation

in

exchange

rates

between

trade

and

settlement

dates

on

securities

transactions,

gains

(losses)

arising

from

the

disposition

of

foreign

currency

and

currency

gains

(losses)

between

the

accrual

and

payment

dates

on

dividends,

interest

income

and

foreign

withholding

taxes.

For

financial

statement

purposes,

the

Funds

do

not

distinguish

that

portion

of

gains

(losses)

on

investments

which

is

due

to

changes

in

foreign

exchange

rates

from

that

which

is

due

to

changes

in

market

prices

of

the

investments.

Such

fluctuations

are

included

with

the

net

realized

and

unrealized

gains

(losses)

on

investments

in

the

Statement

of

Operations.

Security

transactions

Security

transactions

are

accounted

for

on

the

trade

date.

Cost

is

determined

and

gains

(losses)

are

based

upon

the

specific

identification

method

for

both

financial

statement

and

federal

income

tax

purposes.

Income

recognition

Corporate

actions

and

dividend

income

are

generally

recorded

net

of

any

non-reclaimable

tax

withholdings,

on

the

ex-

dividend

date

or

upon

receipt

of

an

ex-dividend

notification

in

the

case

of

certain

foreign

securities.

Notes

to

Financial

Statements

(continued)

March

31,

2026

Columbia

ETF

Trust

II

\|

2026

Awards

from

class

action

litigation

are

recorded

as

a

reduction

of

cost

basis

if

the

Fund

still

owns

the

applicable

securities

on

the

payment

date.

If

the

Fund

no

longer

owns

the

applicable

securities

on

the

payment

date,

the

proceeds

are

recorded

as

realized

gains.

Expenses

General

expenses

of

the Trust

are

allocated

to

the

Fund

and

other

funds

of

the Trust

based

upon

relative

net

assets

or

other

expense

allocation

methodologies

determined

by

the

nature

of

the

expense.

Expenses

directly

attributable

to

the

Fund

are

charged

to

the

Fund.

Determination

of

net

asset

value

The

net

asset

value

per

share

of a

Fund

is

computed

by

dividing

the

value

of

the

net

assets

of

each

Fund by

the

total

number

of

outstanding

shares

of

the

Fund,

rounded

to

the

nearest

cent,

at

the

close

of

regular

trading

(ordinarily

4:00

p.m.

Eastern

Time)

every

day

the

New

York

Stock

Exchange

is

open.

Federal

income

tax

status

For

federal

income

tax

purposes,

each

Fund

is

treated

as

a

separate

entity.

The

Funds

intend

to

qualify

each

year

as

separate

regulated

investment

companies

under

Subchapter

M

of

the

Internal

Revenue

Code,

as

amended,

and

will

distribute

substantially

all

of

their

investment

company

taxable

income

and

net

capital

gain,

if

any,

for

their

tax

year,

and

as

such

will

not

be

subject

to

federal

income

taxes.

In

addition,

the

Funds

intend

to

distribute

in

each

calendar

year

substantially

all

of

their

ordinary

income,

capital

gain

net

income

and

certain

other

amounts,

if

any,

such

that

the

Funds

should

not

be

subject

to

federal

excise

tax.

Therefore,

no

federal

income

or

excise

tax

provision

is

recorded.

Columbia

India

Consumer

ETF paid

withholding

and/or

capital

gain

taxes

on

its

investments

in

foreign

jurisdictions

during

the

period

ended March

31,

2026. The

Fund

may

also

have

received

reclaims

or

refunds

on

taxes

paid.

Cash

paid

(received)

on

withholding

and

capital

gain

taxes,

net

of

reclaims/refunds

received,

totaled

$2,549,826.

Taxes

paid

(net

of

reclaims/refunds

received)

with

respect

to

the

following

jurisdictions

represented

5%

or

more

of

that

total:

Foreign

taxes

The

Funds may

be

subject

to

foreign

taxes

on

income,

gains

on

investments

or

currency

repatriation,

a

portion

of

which

may

be

recoverable.

The

Fund

will

accrue

such

taxes

and

recoveries,

as

applicable,

based

upon

its

current

interpretation

of

tax

rules

and

regulations

that

exist

in

the

markets

in

which

it

invests.

Realized

gains

in

certain

countries

may

be

subject

to

foreign

taxes

at

the

Fund

level,

based

on

statutory

rates.

The

Fund

accrues

for

such

foreign

taxes

on

realized

and

unrealized

gains

at

the

appropriate

rate

for

each

jurisdiction,

as

applicable.

The

amount,

if

any,

is

disclosed

as

a

liability

in

the

Statement

of

Assets

and

Liabilities.

Distributions

to

shareholders

Distributions

from

net

investment

income,

if

any,

are

declared

and

paid

annually.

Net

realized

capital

gains,

if

any,

are

distributed

at

least

annually.

Income

distributions

and

capital

gain

distributions

are

determined

in

accordance

with

federal

income

tax

regulations,

which

may

differ

from

GAAP.

Guarantees

and

indemnifications

Under

the

Trust's

organizational

documents

and,

in

some

cases,

by

contract,

its

officers

and

trustees

are

indemnified

against

certain

liabilities

arising

out

of

the

performance

of

their

duties

to

the

Trust

or

its

funds.

In

addition,

certain

of

the

Funds'

contracts

with

their

service

providers

contain

general

indemnification

clauses.

The

Funds'

maximum

exposure

under

these

arrangements

is

unknown

since

the

amount

of

any

future

claims

that

may

be

made

against

the

Funds

cannot

be

determined,

and

the

Funds

have

no

historical

basis

for

predicting

the

likelihood

of

any

such

claims.

#### Country

#### Income

#### taxes

#### paid

#### (net

#### of

#### reclaims/refunds

#### received)

#### ($)
India

2,549,826

Total

income

taxes

paid

(net

of

reclaims/refunds

received)

2,549,826

Notes

to

Financial

Statements

(continued)

March

31,

2026

Columbia

ETF

Trust

II

\|

2026

Note

3. Investment

management

fees

Under

an

Investment

Management

Services

Agreement,

Columbia

Management

Investment

Advisers,

LLC

(the

Investment

Manager),

a

wholly-owned

subsidiary

of

Ameriprise

Financial,

Inc.

determines

which

securities

will

be

purchased,

held

or

sold.

The

investment

management

fee

is

a

unitary

fee

paid

monthly

to

the

Investment

Manager

at

an

annual

rate

based

on

each

Fund's

average

daily

net

assets.

In

return

for

this

fee,

the

Investment

Manager

pays

the

operating

costs

and

expenses

of

each

Fund

other

than

the

following

expenses

(which

will

be

paid

by

the

Fund):

taxes;

interest

incurred

on

borrowing

by

the

Funds

(including

but

not

limited

to

overdraft

fees),

if

any;

brokerage

expenses,

fees,

commissions

and

other

portfolio

transaction

expenses

(including

but

not

limited

to

service

fees

charged

by

custodians

of

depository

receipts

and

scrip

fees

related

to

registrations

on

foreign

exchanges);

interest

and

fee

expense

related

to

the

Funds'

participation

in

inverse

floater

structures;

infrequent

and/or

unusual

expenses,

including

without

limitation

litigation

expenses

(including

but

not

limited

to

arbitrations

and

indemnification

expenses);

distribution

and/or

service

fees;

expenses

incurred

in

connection

with

lending

securities;

and

any

other

expenses

approved

by

the

Board

of

Trustees.

The

investment

management

fee

is

an

annual

fee

that

is

equal

to

a

percentage

of

each

Fund's

average

daily

net

assets

and

is

paid

as

follows:

Compensation

of

Board

members

Members

of

the

Board

of

Trustees

who

are

not

officers

or

employees

of

the

Investment

Manager

or

Ameriprise

Financial

are

compensated

for

their

services

to

the

Funds.

Under

a

Deferred

Compensation

Plan

(the

Deferred

Plan),

these

members

of

the

Board

of

Trustees

may

elect

to

defer

payment

of

up

to

100%

of

their

compensation.

Deferred

amounts

are

treated

as

though

equivalent

dollar

amounts

had

been

invested

in

shares

of

certain

funds

managed

by

the

Investment

Manager.

Each

Fund's

deferred

amount

is

adjusted

for

market

value

changes

and

it

is

distributed

in

accordance

with

the

Deferred

Plan

by

the

Investment

Manager.

The

expenses

of

the

compensation

of

the

members

of

the

Board

of

Trustees

that

are

allocated

to

the

Funds

are

payable

by

the

Investment

Manager.

Compensation

of

Chief

Compliance

Officer

The

Board

of

Trustees

has

appointed

a

Chief

Compliance

Officer

for

the

Funds

in

accordance

with

federal

securities

regulations.

A

portion

of

the

Chief

Compliance

Officer's

total

compensation

is

allocated

to

the

Funds,

along

with

other

allocations

to

affiliated

registered

investment

companies

managed

by

the

Investment

Manager

and

its

affiliates,

based

on

relative

net

assets.

The

expenses

of

the

Chief

Compliance

Officer

allocated

to

the

Funds

are

payable

by

the

Investment

Manager.

Distribution

and

service

fees

ALPS

Distributors,

Inc.,

(the

Distributor)

serves

as

the

distributor

for

the

Funds.

The

Funds

have

adopted

a

distribution

and

service

plan

(the

Distribution

Plan).

Under

the

Distribution

Plan,

the

Funds

are

authorized

to

pay

distribution

and

service

fees

to

the

Distributor

and

other

firms

that

provide

distribution

and

shareholder

services

at

the

maximum

annual

rate

of

0.25%

of

average

daily

net

assets

of

each

Fund.

No

distribution

or

service

fees

are

currently

paid

by

the

Funds

or

have

been

approved

for

payment

by

the

Board

of

Trustees.

There

are

no

current

plans

to

impose

these

fees.

Expenses

waived/reimbursed

by

the

Investment

Manager

The

Investment

Manager

has

contractually

agreed

to

waive

fees

and/or

reimburse

expenses

(excluding

certain

fees

and

expenses

described

below)

for

the

period(s)

disclosed

below,

unless

sooner

terminated

at

the

sole

discretion

of

the

Board

of

Trustees,

so

that

the

Fund's

net

operating

expenses,

after

giving

effect

to

fees

waived/expenses

reimbursed

and

#### Fund

#### Effective

#### investment

#### management

#### fee

#### rate

#### (%)
Columbia

EM

Core

ex-China

ETF

0.16 Columbia

India

Consumer

ETF

0.75 Columbia

Research

Enhanced

Emerging

Economies

ETF

0.49 Notes

to

Financial

Statements

(continued)

March

31,

2026

Columbia

ETF

Trust

II

\|

2026

any

balance

credits

and/or

overdraft

charges

from

the

Fund's

custodian,

do

not

exceed

the

following

annual

rate(s)

as

a

percentage

of

the

average

daily

net

assets.

Under

the

agreement,

the

following

fees

and

expenses

are

excluded

from

the

Fund's

operating

expenses

when

calculating

the

waiver/reimbursement

commitment,

and

therefore

will

be

paid

by

the

Fund,

if

applicable:

expenses

associated

with

investment

in

affiliated

and

non-affiliated

pooled

investment

vehicles

(including

mutual

funds

and

ETFs

(but

not

for

Columbia

Research

Enhanced

Emerging

Economies

ETF)),

brokerage

commissions,

interest

(but

not

Fund

overdraft

charges),

infrequent

and/or

unusual

expenses

and

any

other

expenses

the

exclusion

of

which

is

specifically

approved

by

the

Fund's

Board.

This

agreement

may

be

modified

or

amended

only

with

approval

from

all

parties.

Any

fees

waived

and/

or

expenses

reimbursed

under

the

expense

reimbursement

arrangements

described

above

are

not

recoverable

by

the

Investment

Manager

in

future

periods.

Note

4. Federal

tax

information

The

timing

and

character

of

income

and

capital

gain

distributions

are

determined

in

accordance

with

income

tax

regulations,

which

may

differ

from

GAAP

because

of

temporary

or

permanent

book

to

tax

differences.

At

March

31,

2026,

these

differences

are

primarily

due

to

differing

treatment

for deferral/reversal

of

wash

sale

losses,

foreign

currency

transactions,

passive

foreign

investment

company

(PFIC)

holdings,

foreign

capital

gains

tax,

late

year

loss

deferral,

disallowed

capital

gains

(losses)

on

a

redemption

in-kind,

and

capital

loss

carryforwards.

To

the

extent

these

differences

are

permanent,

reclassifications

are

made

among

the

components

of

the

Fund's

net

assets.

Temporary

differences

do

not

require

reclassifications.

The

following

reclassifications

were

made:

Net

investment

income

(loss)

and

net

realized

gains

(losses),

as

disclosed

in

the

Statement

of

Operations,

and

net

assets

were

not

affected

by

these

reclassifications.

The

tax

character

of

distributions

paid

during

the

years

indicated

was

as

follows:

Short-term

capital

gain

distributions,

if

any,

are

considered

ordinary

income

distributions

for

tax

purposes.

#### Fund

#### August

#### 1,

#### 2025

#### through

#### July

#### 31,

#### 2026

#### (%)

#### Prior

#### to

#### August

#### 1,

#### 2025

#### (%)
Columbia

India

Consumer

ETF

0.75 0.75 Columbia

Research

Enhanced

Emerging

Economies

ETF

0.47 0.49 #### Fund

#### Undistributed

#### (excess

#### of

#### distributions

#### over)

#### net

#### investment

#### income

#### ($)

#### Accumulated

#### net

#### realized

#### gain
(loss)

#### ($)

#### Paid

#### in

#### capital

#### ($)
Columbia

EM

Core

ex-China

ETF

35,204

(6,909,233)

6,874,029

Columbia

India

Consumer

ETF

1,713,491

2,038,584

(3,752,075)

Columbia

Research

Enhanced

Emerging

Economies

ETF

(117,911)

(273,391)

391,302

#### Year

#### Ended

#### March

#### 31,

#### 2026

#### Year

#### Ended

#### March

#### 31,

#### 2025

#### Fund

#### Ordinary

#### Income

#### ($)

#### Long-term

#### capital

#### gains

#### ($)

#### Total

#### ($)

#### Ordinary

#### Income

#### ($)

#### Long-term

#### capital

#### gains

#### ($)

#### Total

#### ($)
Columbia

EM

Core

ex-China

ETF

40,729,895

—

40,729,895

31,015,776

—

31,015,776

Columbia

India

Consumer

ETF

—

—

—

—

11,045,759

11,045,759

Columbia

Research

Enhanced

Emerging

Economies

ETF

4,285,082

—

4,285,082

700,296

—

700,296

Notes

to

Financial

Statements

(continued)

March

31,

2026

Columbia

ETF

Trust

II

\|

2026

At

March

31,

2026,

the

components

of

distributable

earnings

on

a

tax

basis

were

as

follows:

At

March

31,

2026,

the

cost

of

all

investments

for

federal

income

tax

purposes

along

with

the

aggregate

gross

unrealized

appreciation

and

depreciation

based

on

that

cost

was:

Tax

cost

of

investments

and

unrealized

appreciation/(depreciation)

may

also

include

timing

differences

that

do

not

constitute

adjustments

to

tax

basis.

The

following

capital

loss

carryforwards,

determined

at

March

31,

2026,

may

be

available

to

reduce

future

net

realized

gains

on

investments,

if

any,

to

the

extent

permitted

by

the

Internal

Revenue

Code.

In

addition,

for

the

year

ended

March

31,

2026,

capital

loss

carryforwards

utilized,

if

any,

were

as

follows:

Under

current

tax

rules,

regulated

investment

companies

can

elect

to

treat

certain

late-year

ordinary

losses

incurred

and

post-October

capital

losses

(capital

losses

realized

after

October

31)

as

arising

on

the

first

day

of

the

following

taxable

year.

At

March

31,

2026,

the

Funds

will

elect

to

treat

the

following

late-year

ordinary

losses

and

post-October

capital

losses

as

arising

on

April

1,

2026. Management

of

the

Funds

has

concluded

that

there

are

no

significant

uncertain

tax

positions

in

the

Funds

that

would

require

recognition

in

the

financial

statements.

However,

management's

conclusion

may

be

subject

to

review

and

adjustment

at

a

later

date

based

on

factors

including,

but

not

limited

to,

new

tax

laws,

regulations,

and

administrative

interpretations

(including

relevant

court

decisions).

Generally,

the

Funds'

federal

tax

returns

for

the

prior

three

fiscal

years

remain

subject

to

examination

by

the

Internal

Revenue

Service.

Note

5. Portfolio

information

The

cost

of

purchases

and

proceeds

from

sales

of

securities,

excluding

short-term

investments

and

in-kind

transactions,

for

the year

ended March

31,

2026,

were

as

follows:

#### Fund

#### Undistributed

#### ordinary

#### income

#### ($)

#### Undistributed

#### long-term

#### capital

#### gains

#### ($)

#### Capital

#### loss

#### carryforwards

#### ($)

#### Net

#### unrealized

#### appreciation

#### ($)
Columbia

EM

Core

ex-China

ETF

4,949,367

—

(64,155,693)

387,351,578

Columbia

India

Consumer

ETF

—

—

(17,289,257)

24,702,871

Columbia

Research

Enhanced

Emerging

Economies

ETF

1,268,756

—

(224,144,996)

24,923,582

#### Fund

#### Tax

#### cost

#### ($)

#### Gross

#### unrealized

#### appreciation

#### ($)

#### Gross

#### unrealized
(depreciation)

#### ($)

#### Net

#### unrealized

#### appreciation

#### ($)
Columbia

EM

Core

ex-China

ETF

1,080,247,705

468,880,707

(81,529,129)

387,351,578

Columbia

India

Consumer

ETF

189,969,118

43,567,197

(18,864,326)

24,702,871

Columbia

Research

Enhanced

Emerging

Economies

ETF

258,956,449

47,543,825

(22,620,243)

24,923,582

#### Fund

#### No

#### expiration

#### short-term

#### ($)

#### No

#### expiration

#### long-term

#### ($)

#### Total

#### ($)

#### Utilized

#### ($)
Columbia

EM

Core

ex-China

ETF

(19,358,605)

(44,797,088)

(64,155,693)

—

Columbia

India

Consumer

ETF

(17,289,257)

—

(17,289,257)

—

Columbia

Research

Enhanced

Emerging

Economies

ETF

(6,858,398)

(217,286,598)

(224,144,996)

3,432,010

#### Fund

#### Late

#### year

#### ordinary

#### losses

#### ($)

#### Post-October

#### capital

#### losses

#### ($)
Columbia

India

Consumer

ETF

88,411

—

#### Fund

#### Purchases

#### ($)

#### Proceeds

#### from

#### sales

#### ($)
Columbia

EM

Core

ex-China

ETF

454,315,365

399,077,811

Notes

to

Financial

Statements

(continued)

March

31,

2026

Columbia

ETF

Trust

II

\|

2026

The

amount

of

purchase

and

sale

activity

impacts

the

portfolio

turnover

rate

reported

in

the

Financial

Highlights.

Note

6. In-kind

transactions

The

Funds

may

accept

in-kind

contributions

and

redemptions.

In-kind

contributions

are

accounted

for

at

the

fair

market

value

of

the

in-kind

securities

contributed

on

the

date

of

contribution.

For

the year

ended

March

31,

2026,

the

cost

basis

of

securities

contributed

was

as

follows:

Proceeds

from

the

sales

of

securities

include

the

value

of

securities

delivered

through

an

in-kind

redemption

of

certain

Fund

shares.

Net

realized

gains

on

these

securities

are

not

taxable

to

remaining

shareholders

in

the

Funds.

For

the year

ended

March

31,

2026,

the

in-kind

redemptions

were

as

follows:

Note

7. Line

of

credit

Each

Fund

has

access

to

a

revolving

credit

facility

with

a

syndicate

of

banks

led

by

JPMorgan

Chase

Bank,

N.A.,

Citibank,

N.A.

and

Wells

Fargo

Bank,

N.A.

whereby

each

Fund

may

borrow

for

the

temporary

funding

of

shareholder

redemptions

or

for

other

temporary

or

emergency

purposes.

Pursuant

to

an

October

23,

2025

amendment

and

restatement,

the

credit

facility,

which

is

an

agreement

between

the

Funds

and

certain

other

funds

managed

by

the

Investment

Manager

or

an

affiliated

investment

manager,

severally

and

not

jointly,

permits

aggregate

borrowings

up

to

$750

million.

Interest

is

currently

charged

to

each

participating

fund

based

on

its

borrowings

at

a

rate

equal

to

the

higher

of

(i) the

federal

funds

effective

rate,

(ii) the

secured

overnight

financing

rate

plus

0.10%

and

(iii) the

overnight

bank

funding

rate,

plus

1.00%

in

each

case.

Each

borrowing

under

the

credit

facility

matures

no

later

than

days

after

the

date

of

borrowing.Each

Fund

also

pays

a

commitment

fee

equal

to

its

pro

rata

share

of

the

unused

amount

of

the

credit

facility

at

a

rate

of

0.15%

per

annum.

The

commitment

fees

that

are

allocated

to

each

Fund

are

payable

by

the

Investment

Manager.

This

agreement

expires

annually

in

October

unless

extended

or

renewed.

Prior

to

the

October

23,

2025

amendment

and

restatement,

each

Fund

had

access

to

a

revolving

credit

facility

with

a

syndicate

of

banks

led

by

JPMorgan

Chase

Bank,

N.A.,

Citibank,

N.A.

and

Wells

Fargo

Bank,

N.A.

which

permitted

collective

borrowings

up

to

$900

million.

Interest

was

charged

to

each

participating

fund

based

on

its

borrowings

at

a

rate

equal

to

the

higher

of

(i) the

federal

funds

effective

rate,

(ii) the

secured

overnight

financing

rate

plus

0.10%

and

(iii) the

overnight

bank

funding

rate,

plus

1.00%

in

each

case.

The

Funds

had

no

borrowings

during

the year

ended March

31,

2026. Note

8. Risks

and

uncertainties

An

investment

in

the

Funds

involve

risks,

including

market

risk

and

concentration

risk,

among

others.

The

value

of

each

Fund's

holdings

and

each

Fund's

NAV

may

go

down.

These

declines

may

be

due

to

factors

affecting

a

particular

issuer,

or

the

result

of,

among

other

things,

political,

regulatory,

market,

economic

or

social

developments

affecting

the

relevant

market(s)

more

generally.

#### Fund

#### Purchases

#### ($)

#### Proceeds

#### from

#### sales

#### ($)
Columbia

India

Consumer

ETF

57,796,515

134,171,205

Columbia

Research

Enhanced

Emerging

Economies

ETF

191,297,592

74,740,735

#### Fund

#### Contributions

#### ($)
Columbia

EM

Core

ex-China

ETF

47,797,365

Columbia

India

Consumer

ETF

—

Columbia

Research

Enhanced

Emerging

Economies

ETF

49,079,397

#### Fund

#### Cost

#### basis

#### ($)

#### Proceeds

#### from

#### sales

#### ($)

#### Net

#### realized

#### gain

#### ($)
Columbia

EM

Core

ex-China

ETF

17,474,107

25,211,624

7,737,517

Columbia

India

Consumer

ETF

—

—

—

Columbia

Research

Enhanced

Emerging

Economies

ETF

2,208,551

2,728,319

519,768

Notes

to

Financial

Statements

(continued)

March

31,

2026

Columbia

ETF

Trust

II

\|

2026

Global

economies

and

financial

markets

are

increasingly

interconnected,

and

conditions

and

events

in

one

country,

region

or

financial

market

may

adversely

impact

issuers

in

a

different

country,

region

or

financial

market.

These

risks

may

be

magnified

if

certain

events

or

developments

adversely

interrupt

the

global

supply

chain;

in

these

and

other

circumstances,

such

risks

might

affect

companies

worldwide.

As

a

result,

local,

regional

or

global

events

such

as

terrorism,

war,

other

conflicts,

natural

disasters,

disease/virus

outbreaks

and

epidemics

or

other

public

health

issues,

recessions,

depressions

or

other

events

–

or

the

potential

for

such

events

–

could

have

a

significant

negative

impact

on

global

economic

and

market

conditions.

To

the

extent

that

each

Fund

concentrates

its

investment

in

particular

issuers,

countries,

geographic

regions,

industries

or

sectors,

each

Fund

may

be

subject

to

greater

risks

of

adverse

developments

in

such

areas

of

focus

than

a

fund

that

invests

in

a

wider

variety

of

issuers,

countries,

geographic

regions,

industries,

sectors

or

investments.

Additional

risk

factors

of

each

Fund

are

described

more

fully

in

the

respective

Fund's Prospectus

and

Statement

of

Additional

Information.

Note

9. Subsequent

events

Management

has

evaluated

the

events

and

transactions

that

have

occurred

through

the

date

the

financial

statements

were

issued

and

noted

no

items

requiring

adjustment

of

the

financial

statements

or

additional

disclosure.

Note

10. Information

regarding

pending

and

settled

legal

proceedings

Ameriprise

Financial

and

certain

of

its

affiliates

are

involved,

in

the

normal

course

of

business,

in

legal

proceedings

that

include

regulatory

inquiries,

arbitration

and

litigation

(including

class

actions)

concerning

matters

arising

in

connection

with

the

conduct

of

their

activities

as

part

of

a

diversified

financial

services

firm.

Ameriprise

Financial

believes

that

the

Funds

are

not

currently

the

subject

of,

and

that

neither

Ameriprise

Financial

nor

any

of

its

affiliates

are

the

subject

of,

any

pending

legal,

arbitration

or

regulatory

proceedings

that

are

likely

to

have

a

material

adverse

effect

on

the

Funds

or

the

ability

of

Ameriprise

Financial

or

its

affiliates

to

perform

under

their

contracts

with

the

Funds.

Ameriprise

Financial

is

required

to

make

quarterly

(10-Q),

annual

(10-K)

and,

as

necessary,

8-K

filings

with

the

Securities

and

Exchange

Commission

(SEC)

on

legal

and

regulatory

matters

that

relate

to

Ameriprise

Financial

and

its

affiliates.

Copies

of

these

filings

may

be

obtained

by

accessing

the

SEC

website

at

www.sec.gov.

There

can

be

no

assurance

that

these

matters,

or

the

adverse

publicity

associated

with

them,

will

not

result

in

increased

Fund

redemptions,

reduced

sale

of

Fund

shares

or

other

adverse

consequences

to

the

Funds.

Further,

although

we

believe

proceedings

are

not

likely

to

have

a

material

adverse

effect

on

the

Funds

or

the

ability

of

Ameriprise

Financial

or

its

affiliates

to

perform

under

their

contracts

with

the

Funds,

these

proceedings

are

subject

to

uncertainties

and,

as

such,

it

is

inherently

difficult

to

determine

whether

any

loss

is

probable

or

even

reasonably

possible,

or

to

reasonably

estimate

the

amount

of

any

loss

that

may

result

from

such

matters.

An

adverse

outcome

in

one

or

more

of

these

proceedings

could

result

in

adverse

judgments,

settlements,

fines,

penalties

or

other

relief,

and

may

lead

to

further

claims,

examinations,

adverse

publicity

or

reputational

damage,

each

of

which

could

have

a

material

adverse

effect

on

the

consolidated

financial

condition

or

results

of

operations

or

financial

condition

of

Ameriprise

Financial

or

one

or

more

of

its

affiliates

that

provide

services

to

the

Funds.

Report

of

Independent

Registered

Public

Accounting

Firm

Columbia

ETF

Trust

II

\|

2026

To

the

Board

of

Trustees

of

Columbia

ETF

Trust

II

and

Shareholders

of

Columbia

EM

Core

ex-China

ETF,

Columbia

India

Consumer

ETF

and

Columbia

Research

Enhanced

Emerging

Economies

ETF

*Opinions* 

*on* 

*the* 

*Financial* 

*Statements*

We

have

audited

the

accompanying

statements

of

assets

and

liabilities,

including

the

portfolios

of

investments,

of

each

of

the

funds

listed

in

the

table

below

(constituting

Columbia

ETF

Trust

II,

hereafter

collectively

referred

to

as

the

"Funds")

as

of

March

31,

2026,

the

related

statements

of

operations

for

the

year

ended

March

31,

2026,

the

statements

of

changes

in

net

assets

for

each

of

the

two

years

in

the

period

ended

March

31,

2026,

including

the

related

notes,

and

the

financial

highlights

for

each

of

the

five

years

in

the

period

ended

March

31,

2026

(collectively

referred

to

as

the

"financial

statements").

In

our

opinion,

the

financial

statements

present

fairly,

in

all

material

respects,

the

financial

position

of

each

of

the

Funds

listed

in

the

table

below

as

of

March

31,

2026,

the

results

of

each

of

their

operations

for

the

year

then

ended,

the

changes

in

each

of

their

net

assets

for

each

of

the

two

years

in

the

period

ended

March

31,

2026

and

each

of

the

financial

highlights

for

each

of

the

five

years

in

the

period

ended

March

31,

2026

in

conformity

with

accounting

principles

generally

accepted

in

the

United

States

of

America.

\*The

financial

statements

for

Columbia

India

Consumer

ETF

are

presented

on

a

stand-alone

basis

as

of

and

for

the

year

ended

March

31,

2026

and

for

Columbia

India

Consumer

ETF

and

its

subsidiary

on

a

consolidated

basis

for

prior

periods.

*Basis* 

*for* 

*Opinions*

These

financial

statements

are

the

responsibility

of

the

Funds'

management.

Our

responsibility

is

to

express

an

opinion

on

the

Funds'

financial

statements

based

on

our

audits.

We

are

a

public

accounting

firm

registered

with

the

Public

Company

Accounting

Oversight

Board

(United

States)

(PCAOB)

and

are

required

to

be

independent

with

respect

to

the

Funds

in

accordance

with

the

U.S.

federal

securities

laws

and

the

applicable

rules

and

regulations

of

the

Securities

and

Exchange

Commission

and

the

PCAOB.

We

conducted

our

audits

of

these

financial

statements

in

accordance

with

the

standards

of

the

PCAOB.

Those

standards

require

that

we

plan

and

perform

the

audit

to

obtain

reasonable

assurance

about

whether

the

financial

statements

are

free

of

material

misstatement,

whether

due

to

error

or

fraud.

Our

audits

included

performing

procedures

to

assess

the

risks

of

material

misstatement

of

the

financial

statements,

whether

due

to

error

or

fraud,

and

performing

procedures

that

respond

to

those

risks.

Such

procedures

included

examining,

on

a

test

basis,

evidence

regarding

the

amounts

and

disclosures

in

the

financial

statements.

Our

audits

also

included

evaluating

the

accounting

principles

used

and

significant

estimates

made

by

management,

as

well

as

evaluating

the

overall

presentation

of

the

financial

statements.

Our

procedures

included

confirmation

of

securities

owned

as

of

March

31,

2026

by

correspondence

with

the

custodians.

We

believe

that

our

audits

provide

a

reasonable

basis

for

our

opinions.

/s/PricewaterhouseCoopers

LLP

Minneapolis,

Minnesota

May

26,

2026

We

have

served

as

the

auditor

of

one

or

more

investment

companies

in

the

Columbia

Funds

Complex

since

1977. Columbia

EM

Core

ex-China

ETF

Columbia

India

Consumer

ETF\*

Columbia

Research

Enhanced

Emerging

Economies

ETF

Federal

Income

Tax

Information

(Unaudited)

Columbia

ETF

Trust

II

\|

2026

The

Funds

hereby

designate

the

following

tax

attributes

for

the

fiscal

year

ended

March

31,

2026. Shareholders

will

be

notified

in

early

2027

of

the

amounts

for

use

in

preparing

2026

income

tax

returns.

#### Qualified

#### dividend

#### income.
For

taxable,

non-corporate

shareholders,

the

percentage

of

ordinary

income

distributed

during

the

fiscal

year

that

represents

qualified

dividend

income

subject

to

reduced

tax

rates.

#### Foreign

#### taxes.
The

Fund

makes

the

election

to

pass

through

to shareholders

the

foreign

taxes

paid.

Eligible shareholders

may

claim

a

foreign

tax

credit.

These

taxes,

and

the

corresponding

foreign

source

income,

are

provided

in

the

table

above.

#### Fund

#### Qualified

#### dividend

#### income

#### (%)

#### Foreign

#### taxes

#### paid

#### to

#### foreign

#### countries

#### ($)

#### Foreign

#### taxes

#### paid

#### per

#### share

#### to

#### foreign

#### countries

#### ($)

#### Foreign

#### source

#### income

#### ($)

#### Foreign

#### source

#### income

#### per

#### share

#### ($)
Columbia

EM

Core

ex-China

ETF

.03

4,857,647

0.13 37,773,111

1.01 Columbia

Research

Enhanced

Emerging

Economies

ETF

.13

699,303

0.07 5,523,183

0.54 #### Columbia

#### ETF

#### Trust

#### II

Congress

Street

Boston,

MA

02210

ANN279_(05/26)

#### Investors

#### should

#### consider

#### the

#### investment

#### objectives,

#### risks,

#### charges

#### and

#### expenses

#### of

#### an

#### exchange-traded

#### fund
(ETF)

#### carefully

#### before

#### investing.

#### For

#### a

#### free

#### prospectus

#### and

#### summary

#### prospectus,

#### which

#### contains

#### this

#### and

#### other

#### important

#### information

#### about

#### the

#### ETFs,

#### visit

#### columbiathreadneedleus.com/etfs.

#### Read

#### the

#### prospectus

#### and

#### summary

#### prospectus

#### carefully

#### before

#### investing.
Columbia

Management

Investment

Advisers,

LLC

serves

as

the

investment

manager

to

the

ETFs.

The

ETFs

are

distributed

by

#### ALPS

#### Distributors,

#### Inc.
,

which

is

not

affiliated

with

Columbia

Management

Investment

Advisers,

LLC,

or

its

parent

company,

Ameriprise

Financial,

Inc.©

2026

Columbia

Management

Investment

Advisers,

LLC. columbiathreadneedleus.com/etfs

------

#### Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.
Not applicable.

#### Item 9. Proxy Disclosures for Open-End Management Investment Companies.
Not applicable.

#### Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.
Columbia Management Investment Advisers, LLC, the funds' investment advisor, is responsible for bearing expenses associated with Independent Trustees' compensation pursuant to the management fee arrangement with each Fund. Refer to the Registrant's financial statements included on Item 7 of this Form N-CSR for further detail.

------

#### Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.
Not applicable.

#### Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.

#### Item 13. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.

#### Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.

#### Item 15. Submission of Matters to a Vote of Security Holders.
There were no material changes to the procedures by which shareholders may recommend nominees to the registrant's board of trustees implemented since the registrant last provided disclosure as to such procedures in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K or Item 15 of Form N-CSR.

#### Item 16. Controls and Procedures.
(a) The registrant's principal executive officer and principal financial officer, based on their evaluation of the registrant's disclosure controls and procedures as of a date within 90 days of the filing of this report, have concluded that such controls and procedures are effective and adequately designed to ensure that information required to be disclosed by the registrant in Form N-CSR is accumulated and communicated to the registrant's management, including the principal executive officer and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

(b) There was no change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting. During the period covered by this report, the Registrant transitioned to a new third-party service provider who performs certain accounting and administrative services for the Registrant that are subject to Columbia Threadneedle's oversight.

#### Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.

#### Item 18. Recovery of Erroneously Awarded Compensation.
Not applicable.

------

#### Item 19. Exhibits.
(a)(1) [Code of ethics required to be disclosed under Item 2 of Form N-CSR attached hereto as Exhibit 99.CODE ETH.](d123238dex99code.htm)

(a)(2) Not applicable.

---

| | |
|:---|:---|
| (a)(3) | [Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) attached hereto as Exhibit 99.CERT.](d123238dex99cert.htm)  |

---

(a)(4) Not applicable.

(a)(5) Not applicable.

(b) [Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 (17 CFR 270.30a-2(b)) attached hereto as Exhibit 99.906CERT](d123238dex99906cert.htm) .

------

#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | |
|:---|:---|
| **Columbia ETF Trust II** | **Columbia ETF Trust II** |
| By: | /s/ Michael G. Clarke |
| Name: | Michael G. Clarke |
| Title: | President and Principal Executive Officer |
| Date: | May 26, 2026 |

---

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

---

| | |
|:---|:---|
| By: | /s/ Michael G. Clarke |
| Name: | Michael G. Clarke |
| Title: | President and Principal Executive Officer |
| Date: | May 26, 2026 |

---

---

| | |
|:---|:---|
| By: | /s/ Charles H. Chiesa |
| Name: | Charles H. Chiesa |
| Title: | Chief Financial Officer and Principal Financial Officer |
| Date: | May 26, 2026 |

---

---

| | |
|:---|:---|
| By: | /s/ Marybeth Pilat |
| Name: | Marybeth Pilat |
| Title: | Treasurer, Chief Accounting Officer and Principal Financial Officer |
| Date: | May 26, 2026 |

---

## Ex-99.Code

**Exhibit 99.CODE ETH.** 

**COLUMBIA FUNDS** 

---

| | |
|:---|:---|
| **Applicable Regulatory Authority** | Section 406 of the Sarbanes-Oxley Act of 2002; Item 2 of Form N-CSR |
| **Related Policies** | Overview and Implementation of Compliance Program Policy |
| **Requires Annual Board Approval** | No but Covered Officers Must provide annual certification |
| **Last Reviewed by AMC** | September 2025 |

---

**<u>Overview and Statement</u>**

Item 2 of Form N-CSR, the form used by registered management investment companies to file certified annual and semi-annual shareholder reports, requires a registered management investment company to disclose:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Whether it has adopted a code of ethics that applies to the investment company's principal executive
officer and senior financial officers and, if it has not adopted such a code of ethics, why it has not done so; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Any amendments to, or waivers from, the code of ethics relating to such officers.

The Board of the Columbia Funds ("Columbia Board") has adopted the following Code of Ethics for Principle Executive and Senior Financial Officers (the "Code"), which sets forth the ethical standards to which the Funds holds their principal executive officer and each of its senior financial officers.

This Code should be read and interpreted in conjunction with the *Overview and Implementation of Compliance Program Policy*.

**<u>Policy</u>**

The Board has adopted the Code in order to comply with applicable regulatory requirements as outlined below:

**I.** **Covered Officers/Purpose of the Code** 

This Code applies to the Fund's Principal Executive Officer, Principal Financial Officer, and Principal Accounting Officer or Controller (the "Covered Officers") for the purpose of promoting:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between
personal and professional relationships;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Full, fair, accurate, timely and understandable disclosure in reports and documents that the Fund files with, or
submits to, the SEC, and in other public communications made by the Fund;

*This document is current as of the last review date but subject to change thereafter. Please consult the online version to verify that this Fund Policy has not been updated or otherwise changed. This Fund Policy is the property of the Funds and must not be provided to any external party without express prior consent from the Fund CCO.* 

*Proprietary and Confidential* 

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Compliance with applicable laws and governmental rules and regulations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The prompt internal reporting of violations of the Code to an appropriate person or persons identified in the
Code; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Accountability for adherence to the Code.

Each Covered Officer should adhere to a high standard of business ethics and should be sensitive to situations that may give rise to actual or apparent conflicts of interest.

**II.** **Administration of the Code** 

The Board has designated an individual to be primarily responsible for the administration of the Code (the "Code Officer"). In the absence of the Code Officer, his or her designee shall serve as the Code Officer, but only on a temporary basis.

The Board has designated a person who meets the definition of a Chief Legal Officer (the "CLO") for purposes of the Sarbanes-Oxley Act of 2002 and the rules promulgated thereunder as the Fund's CLO. The CLO of the Fund shall assist the Fund's Code Officer in administration of this Code. The Code Officer, in consultation with the CLO, shall be responsible for applying this Code to specific situations (in consultation with Fund counsel, where appropriate) and has the authority to interpret this Code in any particular situation.

**III.** **Managing Conflicts of Interest** 

A "conflict of interest" occurs when a Covered Officer's personal interest interferes with the interests of, or his or her service to, the Fund. For example, a conflict of interest would arise if a Covered Officer, or a member of his or her family, receives improper personal benefits as a result of the Covered Officer's position with the Fund. Certain provisions in the 1940 Act and the rules and regulations thereunder and the Advisers Act and the rules and regulations thereunder govern certain conflicts of interest that arise out of the relationships between Covered Officers and the Fund. If such conflicts are addressed in conformity with applicable provisions of the 1940 Act and the Advisers Act, they will be deemed to have been handled ethically. The Fund's and its Adviser's compliance programs and procedures are designed to prevent, or identify and correct, violations of those provisions. This Code does not, and is not intended to, repeat or replace those programs and procedures, and conduct that is consistent with such programs and procedures falls outside of the parameters of this Code.

Although they do not typically present an opportunity for improper personal benefit, conflicts may arise from, or as a result of, the contractual relationships between the Fund and, as applicable, its Adviser (Columbia Management Investment Advisers, LLC ("CMIA") for the Columbia Funds, administrator, principal underwriter, pricing and bookkeeping agent and/or transfer agent (each, a "Primary Service Provider") of which the Covered Officers are also officers or employees. As a result, this Code recognizes that the Covered Officers will, in the normal course of their duties (whether formally for the Fund or for a Primary Service Provider, or for both), be involved in establishing policies and implementing decisions that will have different effects on the Primary Service Providers and the Fund. The participation of the

*This document is current as of the last review date but subject to change thereafter. Please consult the online version to verify that this Fund Policy has not been updated or otherwise changed. This Fund Policy is the property of the Funds and must not be provided to any external party without express prior consent from the Fund CCO.* 

*Proprietary and Confidential* 

------

Covered Officers in such activities is inherent in the contractual relationships between the Fund and the Primary Service Providers and is consistent with the performance by the Covered Officers of their duties as officers of the Fund. If such conflicts are addressed in conformity with applicable provisions of the 1940 Act and the Advisers Act, they will be deemed to have been handled ethically. In addition, it is recognized by the Board of the Funds that the Covered Officers also may be officers or employees of one or more other investment companies or organizations affiliated with the sponsor of the Funds covered by other similar codes and that the codes of ethics of those other investment companies or organizations will apply to the Covered Officers acting in such capacities for such other investment companies.

This Code covers general conflicts of interest and other issues applicable to the Funds under the Sarbanes-Oxley Act of 2002. The overarching principle is that the personal interest of a Covered Officer should not be placed improperly before the interests of the Funds. Certain examples of such conflicts of interest follow.

Each Covered Officer must:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Not use his or her personal influence or personal relationships improperly to influence investment decisions or
financial reporting by the Fund whereby the Covered Officer, or a member of his or her family, would knowingly benefit personally to the detriment of the Fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Not knowingly cause the Fund to take action, or fail to take action, for the individual personal benefit of the
Covered Officer, or a member of his or her family, rather than the benefit of the Fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Not use material non-public knowledge of portfolio transactions made
or contemplated for the Fund to trade personally or cause others to trade personally in contemplation of the market effect of such transactions; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Report at least annually (or more frequently, as appropriate) known affiliations or other relationships that may
give rise to conflicts of interest with respect to the Fund.

If a Covered Officer believes that he or she has a potential conflict of interest that is likely to materially compromise his or her objectivity or his or her ability to perform the duties of his or her role as a Covered Officer, including a potential conflict of interest that arises out of his or her responsibilities as an officer or employee of one or more Primary Service Providers or other funds, he or she should consult with the Code Officer, the CLO, the Fund's outside counsel, or counsel to the Independent Board Members, as appropriate.

Examples of potential conflicts of interest that may materially compromise objectivity or ability to perform the duties of a Covered Officer and which the Covered Officer should consider discussing with the Code Officer or other appropriate person include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Service as a director on the board of a public or private company or service as a public official;

*This document is current as of the last review date but subject to change thereafter. Please consult the online version to verify that this Fund Policy has not been updated or otherwise changed. This Fund Policy is the property of the Funds and must not be provided to any external party without express prior consent from the Fund CCO.* 

*Proprietary and Confidential* 

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The receipt of a non-de minimus gift when the gift is in relation to
doing business directly or indirectly with the Fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The receipt of entertainment from any company with which the Fund has current or prospective business dealings,
unless such entertainment is business-related, reasonable in cost, appropriate as to time and place, and not so frequent as to raise any question of impropriety;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• An ownership interest in, or any consulting or employment relationship with, any of the Fund's service
providers, other than the Primary Service Providers or any affiliated person thereof; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A direct or indirect material financial interest in commissions, transaction charges or spreads paid by the Fund
for effecting portfolio transactions or for selling or redeeming shares other than an interest arising from the Covered Officer's employment, such as compensation or equity ownership.

**IV.** **Disclosure and Compliance** 

It is the responsibility of each Covered Officer:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• To familiarize himself or herself with the disclosure requirements generally applicable to the Fund, as well as
the business and financial operations of the Fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• To not knowingly misrepresent, and to not knowingly cause others to misrepresent, facts about the Fund to others,
whether within or outside the Fund, including to the Fund's Board, Legal Counsel, Independent Legal Counsel and auditors, and to governmental regulators and self-regulatory organizations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• To the extent appropriate within his or her area of responsibility, consult with other officers and employees of
the Fund and the Primary Service Providers with the goal of promoting full, fair, accurate, timely and understandable disclosure in the reports and documents the Fund files with, or submits to, the SEC and in other public communications made by the
Fund; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• To adhere to and, within his or her area of responsibility, promote compliance with the standards and
restrictions imposed by applicable laws, rules and regulations.

**V.** **Reporting and Accountability by Covered Officers** 

Each Covered Officer must:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Upon adoption of the Code or becoming a Covered Officer, acknowledge in writing to the Fund's Board that he
or she has received, read and understands the Code, using the form attached as Appendix A hereto;

*This document is current as of the last review date but subject to change thereafter. Please consult the online version to verify that this Fund Policy has not been updated or otherwise changed. This Fund Policy is the property of the Funds and must not be provided to any external party without express prior consent from the Fund CCO.* 

*Proprietary and Confidential* 

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annually thereafter acknowledge in writing to the Fund's Board that he or she has received and read the
Code and believes that he or she has complied with the requirements of the Code, using the form attached as Appendix B hereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Not retaliate against any employee or Covered Officer for reports of potential violations that are made in good
faith; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Notify the Code Officer promptly if he or she knows of any violation, or of conduct that reasonably could be
expected to be or result in a violation, of this Code. Failure to do so is a violation of this Code.

The Fund will follow the policy set forth below in investigating and enforcing this Code:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Code Officer will endeavor to take all appropriate action to investigate any potential violation reported to
him or her;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If, after such investigation, the Code Officer believes that no violation has occurred, the Code Officer will so
notify the person(s) reporting the potential violation, and no further action is required;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Any matter that the Code Officer, upon consultation with the CLO, believes is a violation will be reported by the
Code Officer or the CLO to the Fund's Audit Committee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Fund's Audit Committee will be responsible for granting waivers, as appropriate; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• This Code and any changes to or waivers of the Code will, to the extent required, be disclosed as provided by SEC
rules.

**VI.** **Other Policies** 

This Code shall be the sole code of ethics adopted by the Fund for the purposes of Section 406 of the Sarbanes-Oxley Act of 2002 and the rules and forms applicable to registered management investment companies thereunder. Insofar as other policies or procedures of the Fund or the Fund's Primary Service Providers govern or purport to govern the behavior or activities of the Covered Officers who are subject to this Code, they are superseded by this Code to the extent that they conflict with the provisions of this Code. The Fund's and its Adviser's and principal underwriter's codes of ethics under Rule 17j-1 under the 1940 Act and the more detailed policies and procedures of the Primary Service Providers as set forth in their respect Compliance Manuals are separate requirements applicable to the Covered Officers and are not part of this Code.

**VII.** **Disclosure of Amendments to the Code** 

Any amendments will, to the extent required, be disclosed in accordance with law.

*This document is current as of the last review date but subject to change thereafter. Please consult the online version to verify that this Fund Policy has not been updated or otherwise changed. This Fund Policy is the property of the Funds and must not be provided to any external party without express prior consent from the Fund CCO.* 

*Proprietary and Confidential* 

------

**VIII.** **Confidentiality** 

All reports and records prepared or maintained pursuant to this Code will be considered confidential and shall be maintained and protected accordingly. Except as otherwise required by law or this Code or upon advice of counsel, such reports and records shall not be disclosed to anyone other than the Fund's Board, the Covered Officers, the Code Officer, the CLO, the Fund's Primary Service Providers and their affiliates, and outside audit firms, legal counsel to the Fund and legal counsel to the Independent Board Members.

**IX.** **Internal Use** 

The Code is intended solely for the internal use by the Fund and does not constitute an admission, by or on behalf of the Fund, as to any fact, circumstance, or legal conclusion.

**Reporting Requirements** 

Each Covered Officer must annually acknowledge in writing to the Fund's Board that he or she has received and read the Code and believes that he or she has complied with the requirements of the Code, using the form attached as Appendix II hereto.

The Code Officer or CLO shall report to the Fund's Audit Committee any violations of, or material issues arising under, this Code.

If the Audit Committee concurs that a violation has occurred, it will inform and make a recommendation to the Fund's Board, which will consider appropriate action, which may include review of, and appropriate modifications to: Applicable policies and procedures; Notification to the appropriate personnel of the Fund's Primary Service Providers or their boards; A recommendation to censure, suspend or dismiss the Covered Officer; or Referral of the matter to the appropriate authorities for civil action or criminal prosecution.

All material amendments to this Code must be in writing and approved or ratified by the Fund's Board, including a majority of the Independent Board Members.

The Code Officer, in conjunction with the CLO, shall be responsible for administration of this Code and for adopting procedures to ensure compliance with the requirements set forth herein.

Any issues that arise under this policy should be communicated to an employee's immediate supervisor, and appropriately escalated to AMC. Additionally, AMC will escalate any compliance issues relating to this Code to the Fund CCO and, if warranted, the appropriate Fund Board.

**Monitoring/Oversight/Escalation** 

The Code Officer shall be responsible for oversight of compliance with this Code by the Covered Officers. AMC and Ameriprise Risk & Control Services may perform periodic reviews and assessments of various lines of business, including their compliance with this Code.

*This document is current as of the last review date but subject to change thereafter. Please consult the online version to verify that this Fund Policy has not been updated or otherwise changed. This Fund Policy is the property of the Funds and must not be provided to any external party without express prior consent from the Fund CCO.* 

*Proprietary and Confidential* 

------

**Recordkeeping** 

All records must be maintained for at least seven years, the first three in the appropriate Ameriprise Financial, Inc. management office. The following records will be maintained to evidence compliance with this Code: (1) a copy of the information or materials supplied to the Audit Committee or the Board: (i) that provided the basis for any amendment or waiver to this Code; and (ii) relating to any violation of the Code and sanctions imposed for such violation, together with a written record of the approval or action taken by the Audit Committee and/or Board; (2) a copy of the policy and any amendments; and (3) a list of Covered Officers and reporting by Covered Officers.

*This document is current as of the last review date but subject to change thereafter. Please consult the online version to verify that this Fund Policy has not been updated or otherwise changed. This Fund Policy is the property of the Funds and must not be provided to any external party without express prior consent from the Fund CCO.* 

*Proprietary and Confidential*

## Ex-99.Cert

**EX-99.CERT SECTION 302 CERTIFICATION** 

I, Michael G. Clarke, certify that:

1. I have reviewed this report on Form N-CSR of Columbia ETF Trust II;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is
being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this
report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) disclosed in this report any change in the registrant's internal control over financial reporting that
occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of trustees (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all significant deficiencies and material weaknesses in the design or operation of internal control over
financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any fraud, whether or not material, that involves management or other employees who have a significant role in
the registrant's internal control over financial reporting.

---

| | |
|:---|:---|
| By: | /s/ Michael G. Clarke |
| Name: | Michael G. Clarke |
| Title: | President and Principal Executive Officer |
| Date: | May 26, 2026 |

---

------

I, Charles H. Chiesa, certify that:

1. I have reviewed this report on Form N-CSR of Columbia ETF Trust II;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is
being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this
report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) disclosed in this report any change in the registrant's internal control over financial reporting that
occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all significant deficiencies and material weaknesses in the design or operation of internal control over
financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any fraud, whether or not material, that involves management or other employees who have a significant role in
the registrant's internal control over financial reporting.

---

| | |
|:---|:---|
| By: | /s/ Charles H. Chiesa |
| Name: | Charles H. Chiesa |
| Title: | Chief Financial Officer and Principal Financial Officer |
| Date: | May 26, 2026 |

---

------

I, Marybeth Pilat, certify that:

1. I have reviewed this report on Form N-CSR of Columbia ETF Trust II;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is
being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this
report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) disclosed in this report any change in the registrant's internal control over financial reporting that
occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of trustees (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) all significant deficiencies and material weaknesses in the design or operation of internal control over
financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) any fraud, whether or not material, that involves management or other employees who have a significant role in
the registrant's internal control over financial reporting.

---

| | |
|:---|:---|
| By: | /s/ Marybeth Pilat |
| Name: | Marybeth Pilat |
| Title: | Treasurer, Chief Accounting Officer and Principal Financial Officer |
| Date: | May 26, 2026 |

---

## Exhibit 99.906

**EX-99.906 CERT SECTION 906 CERTIFICATION** 

**CERTIFICATION PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002** 

In connection with the Certified Shareholder Report of Columbia ETF Trust II (the "Trust") on Form N-CSR for the period ending March 31, 2026 as filed with the Securities and Exchange Commission on the date hereof ("the Report"), the undersigned hereby certifies that, to his knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Trust.

---

| | |
|:---|:---|
| By: | /s/ Michael G. Clarke |
| Name: | Michael G. Clarke |
| Title: | President and Principal Executive Officer |
| Date: | May 26, 2026 |
| By: | /s/ Charles H. Chiesa |
| Name: | Charles H. Chiesa |
| Title: | Chief Financial Officer and Principal Financial Officer |
| Date: | May 26, 2026 |
| By: | /s/ Marybeth Pilat |
| Name: | Marybeth Pilat |
| Title: | Treasurer, Chief Accounting Officer and Principal Financial Officer |
| Date: | May 26, 2026 |

---

A signed original of this written statement required by Section 906 of the Sarbanes-Oxley Act of 2002 has been provided to the Registrant and will be retained by the Registrant and furnished to the Securities and Exchange Commission (the "Commission") or its staff upon request.

This certification is being furnished to the Commission solely pursuant to 18 U.S.C. §1350 and is not being filed as part of the Form N-CSR with the Commission.