# EDGAR Filing Document

**Accession Number:** 0001450501
**File Stem:** 0001193125-25-306178
**Filing Date:** 2025-12
**Character Count:** 173009
**Document Hash:** e15d4c3ff096409dbe16a4538132f6cd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-306178.hdr.sgml**: 20251203

**ACCESSION NUMBER**: 0001193125-25-306178

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 22

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251203

**DATE AS OF CHANGE**: 20251203

**EFFECTIVENESS DATE**: 20251203

**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-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22255
- **FILM NUMBER:** 251545433

**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'? Columbia ETF Trust II

### 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, Massachusetts 02210

#### Ryan C. Larrenaga, Esq.

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

#### 290 Congress Street

#### Boston,c Massachusetts 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: September 30, 2025
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

------

#### Item 1. Reports to Stockholders.
Columbia EM Core ex-China ETF

XCEM \| NYSE Arca, Inc.

![Image](g85748g84m09.jpg)

Semi-Annual Shareholder Report \| September 30, 2025

This semi-annual shareholder report contains important information about Columbia EM Core ex-China ETF (the Fund) for the period of April 1, 2025 to September 30, 2025. You can find additional information about the Fund at columbiathreadneedleus.com/resources/literature. You can also request this 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 | $9 | 0.16%<sup>Footnote Reference(a)</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote<sup>(a)</sup> | &nbsp;&nbsp;Annualized. |

---

# Key Fund Statistics

---

| | |
|:---|:---|
| Fund net assets | $1240649571 |
| Total number of portfolio holdings | 333 |
| Portfolio turnover for the reporting period | 24% |

---

Columbia EM Core ex-China ETF \| SSR274_00_(11/25) \| 1

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

# Top Holdings

---

| | |
|:---|:---|
| Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan) | 14.6% |
| Samsung Electronics Co. Ltd. (South Korea) | 4.9% |
| SK Hynix, Inc. (South Korea) | 2.0% |
| HDFC Bank Ltd. (India) | 1.8% |
| ICICI Bank Ltd. (India) | 1.6% |
| Hon Hai Precision Industry Co. Ltd. (Taiwan) | 1.5% |
| International Holding Co. PJSC (United Arab Emirates) | 1.3% |
| Naspers Ltd. Class N (South Africa) | 1.2% |
| Al Rajhi Bank (Saudi Arabia) | 1.2% |
| Infosys Ltd. (India) | 1.2% |

---

# Sector Allocation
![Group By Sector Chart](g85748g17w62.jpg)

---

| | |
|:---|:---|
| **Value** | **Value** |
| Real Estate | 2.0% |
| Utilities | 2.1% |
| Health Care | 3.1% |
| Consumer Staples | 4.1% |
| Energy | 4.3% |
| Communication Services | 5.0% |
| Consumer Discretionary | 6.1% |
| Materials | 6.5% |
| Industrials | 9.2% |
| Financials | 25.0% |
| Information Technology | 31.8% |

---

# Geographic Allocation
![Group By Industry Chart](g85748g83e95.jpg)

---

| | |
|:---|:---|
| **Value** | **Value** |
| Other | 8.4% |
| Malaysia | 1.5% |
| Thailand | 1.8% |
| Mexico | 3.4% |
| United Arab Emirates | 4.0% |
| Saudi Arabia | 4.9% |
| South Africa | 4.9% |
| Brazil | 5.1% |
| South Korea | 14.6% |
| India | 23.8% |
| Taiwan | 27.5% |

---

# 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., LLC (Member FINRA) is a marketing agent for the ETFs. ALPS Distributors, Inc. is not affiliated with Columbia Threadneedle Investments.

Columbia Threadneedle Investments<sup>®</sup> (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.© 2025 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: http://www.columbiathreadneedleus.com/resources/literature](g85748g43c11.jpg)

CET002605

Columbia EM Core ex-China ETF \| SSR274_00_(11/25) \| 2

Columbia India Consumer ETF

INCO \| NYSE Arca, Inc.

![Image](g85748g84m09.jpg)

Semi-Annual Shareholder Report \| September 30, 2025

This semi-annual shareholder report contains important information about Columbia India Consumer ETF (the Fund) for the period of April 1, 2025 to September 30, 2025. You can find additional information about the Fund at columbiathreadneedleus.com/resources/literature. You can also request this 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 | $39 | 0.75%<sup>Footnote Reference(a)</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote<sup>(a)</sup> | &nbsp;&nbsp;Annualized. |

---

# Key Fund Statistics

---

| | |
|:---|:---|
| Fund net assets | $288727103 |
| Total number of portfolio holdings | 32 |
| Portfolio turnover for the reporting period | 4% |

---

Columbia India Consumer ETF \| SSR279_00_(11/25) \| 1

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

# Top Holdings

---

| | |
|:---|:---|
| Eternal Ltd. (India) | 6.1% |
| Maruti Suzuki India Ltd. (India) | 5.8% |
| Mahindra & Mahindra Ltd. (India) | 5.3% |
| Bajaj Auto Ltd. (India) | 4.9% |
| Eicher Motors Ltd. (India) | 4.9% |
| Hindustan Unilever Ltd. (India) | 4.8% |
| Titan Co. Ltd. (India) | 4.6% |
| Tata Motors Ltd. (India) | 4.5% |
| Nestle India Ltd. (India) | 4.3% |
| TVS Motor Co. Ltd. (India) | 4.3% |

---

# Sector Allocation
![Group By Sector Chart](g85748g18f81.jpg)

---

| | |
|:---|:---|
| **Value** | **Value** |
| Consumer Staples | 37.9% |
| Consumer Discretionary | 63.3% |

---

# Geographic Allocation
![Group By Industry Chart](g85748g56r33.jpg)

---

| | |
|:---|:---|
| **Value** | **Value** |
| United States | 0.3% |
| India | 101.1% |

---

# 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., LLC (Member FINRA) is a marketing agent for the ETFs. ALPS Distributors, Inc. is not affiliated with Columbia Threadneedle Investments.

Columbia Threadneedle Investments<sup>®</sup> (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.© 2025 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: http://www.columbiathreadneedleus.com/resources/literature](g85748g43c11.jpg)

CET002605

Columbia India Consumer ETF \| SSR279_00_(11/25) \| 2

Columbia Research Enhanced Emerging Economies ETF

ECON \| NYSE Arca, Inc.

![Image](g85748g84m09.jpg)

Semi-Annual Shareholder Report \| September 30, 2025

This semi-annual shareholder report contains important information about Columbia Research Enhanced Emerging Economies ETF (the Fund) for the period of April 1, 2025 to September 30, 2025. You can find additional information about the Fund at columbiathreadneedleus.com/resources/literature. You can also request this 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 | $27 | 0.48%<sup>Footnote Reference(a)</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote<sup>(a)</sup> | &nbsp;&nbsp;Annualized. |

---

# Key Fund Statistics

---

| | |
|:---|:---|
| Fund net assets | $232694512 |
| Total number of portfolio holdings | 203 |
| Portfolio turnover for the reporting period | 15% |

---

Columbia Research Enhanced Emerging Economies ETF \| SSR277_00_(11/25) \| 1

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

# Top Holdings

---

| | |
|:---|:---|
| Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan) | 5.4% |
| Alibaba Group Holding Ltd. (China) | 5.1% |
| Samsung Electronics Co. Ltd. (South Korea) | 4.6% |
| Tencent Holdings Ltd. (China) | 3.8% |
| SK Hynix, Inc. (South Korea) | 2.2% |
| Hon Hai Precision Industry Co. Ltd. (Taiwan) | 2.1% |
| Xiaomi Corp. Class B (China) | 1.7% |
| Al Rajhi Bank (Saudi Arabia) | 1.6% |
| Bharti Airtel Ltd. (India) | 1.5% |
| MediaTek, Inc. (Taiwan) | 1.5% |

---

# Sector Allocation
![Group By Sector Chart](g85748g53q83.jpg)

---

| | |
|:---|:---|
| **Value** | **Value** |
| Real Estate | 1.3% |
| Utilities | 2.5% |
| Health Care | 2.5% |
| Energy | 3.0% |
| Consumer Staples | 3.7% |
| Materials | 4.9% |
| Industrials | 7.1% |
| Communication Services | 11.0% |
| Consumer Discretionary | 13.0% |
| Financials | 23.6% |
| Information Technology | 26.6% |

---

# Geographic Allocation
![Group By Industry Chart](g85748g47p83.jpg)

---

| | |
|:---|:---|
| **Value** | **Value** |
| Other | 7.1% |
| Thailand | 1.3% |
| Mexico | 2.1% |
| United Arab Emirates | 2.7% |
| Saudi Arabia | 3.0% |
| South Africa | 3.1% |
| Brazil | 4.1% |
| South Korea | 11.6% |
| India | 14.0% |
| Taiwan | 18.8% |
| China | 31.7% |

---

# 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., LLC (Member FINRA) is a marketing agent for the ETFs. ALPS Distributors, Inc. is not affiliated with Columbia Threadneedle Investments.

Columbia Threadneedle Investments<sup>®</sup> (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.© 2025 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: http://www.columbiathreadneedleus.com/resources/literature](g85748g43c11.jpg)

CET002605

Columbia Research Enhanced Emerging Economies ETF \| SSR277_00_(11/25) \| 2

------

#### Item 2. Code of Ethics.
Not applicable.

#### Item 3. Audit Committee Financial Expert.
Not applicable.

#### Item 4. Principal Accountant Fees and Services.
Not applicable.

#### Item 5. Audit Committee of Listed Registrants.
Not applicable.

#### 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.

------

Columbia

EM

Core

ex-China

ETF

Columbia

India

Consumer

ETF

Columbia

Research

Enhanced

Emerging

Economies

ETF

Semiannual

Financial

Statements

and

Additional

Information

September

30,

2025

(Unaudited)

Not

FDIC

or

NCUA

Insured

No

Financial

Institution

Guarantee

May

Lose

Value

Indexed

ETFs

\|

2025

TABLE

OF

CONTENTS

Portfolio

of

Investments

Statement

of

Assets

and

Liabilities

Statement

of

Operations

Statement

of

Changes

in

Net

Assets

Financial

Highlights

Notes

to

Financial

Statements

Approval

of

Investment

Management

Services

Agreement

PORTFOLIO

OF

INVESTMENTS

Columbia

EM

Core

ex-China

ETF

September

30,

2025

(Unaudited)

(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.

Indexed

ETFs

\|

2025

#### Common

#### Stocks

#### -

#### 97.1%

#### Issuer

#### Shares

#### Value

#### ($)

#### Argentina

#### -

#### 0.0%
Vista

Energy

SAB

de

CV

(a) 17,623

605,147

#### Brazil

#### -

#### 2.8%
Ambev

SA

1,019,277

2,313,950

B3

SA

-

Brasil

Bolsa

Balcao

1,419,304

3,571,213

Banco

BTG

Pactual

SA

778,174

7,051,793

Banco

Santander

Brasil

SA

872,028

4,814,080

Embraer

SA

339,733

5,121,943

Lojas

Renner

SA

283,283

804,813

PRIO

SA

(a) 77,470

554,672

Rede

D'Or

Sao

Luiz

SA

(b) 203,019

1,604,161

Suzano

SA

230,089

2,155,917

TOTVS

SA

228,958

1,974,639

Vale

SA

49,412

534,244

Vibra

Energia

SA

282,096

1,302,540

WEG

SA

440,183

3,024,344

#### Total

#### 34,828,309

#### Chile

#### -

#### 0.4%
Empresas

Copec

SA

414,435

3,034,307

Latam

Airlines

Group

SA

(a) 103,662,533

2,355,611

#### Total

#### 5,389,918

#### China

#### -

#### 0.1%
Airtac

International

Group

30,520

754,038

#### Colombia

#### -

#### 0.1%
Interconexion

Electrica

SA

ESP

170,321

1,016,006

#### Czech

#### Republic

#### -

#### 0.1%
CEZ

AS

20,426

1,269,652

#### Egypt

#### -

#### 0.1%
Commercial

International

Bank

-

Egypt

(CIB)

368,481

777,776

#### Greece

#### -

#### 0.6%
Alpha

Bank

SA

564,200

2,395,858

Eurobank

Ergasias

Services

and

Holdings

SA

690,182

2,661,595

National

Bank

of

Greece

SA

200,331

2,910,597

#### Total

#### 7,968,050

#### Hungary

#### -

#### 0.6%
OTP

Bank

Nyrt

66,599

5,763,323

Richter

Gedeon

Nyrt

45,168

1,377,389

#### Total

#### 7,140,712

#### India

#### -

#### 23.8%
ABB

India,

Ltd.

23,054

1,345,844

Adani

Enterprises

Ltd.

62,640

1,767,899

Adani

Green

Energy

Ltd.

(a) 103,963

1,202,342

Adani

Ports

&

Special

Economic

Zone

Ltd.

273,739

4,327,042

Adani

Power

Ltd.

(a) 1,176,285

1,916,342

Aditya

Birla

Capital

Ltd.

(a) 408,803

1,346,044

Ambuja

Cements,

Ltd.

218,352

1,401,638

Ashok

Leyland,

Ltd.

1,252,112

2,011,953

Asian

Paints

Ltd.

69,625

1,842,787

AU

Small

Finance

Bank

Ltd.

(b) 107,540

885,864

Aurobindo

Pharma,

Ltd.

130,034

1,587,407

Avenue

Supermarts

Ltd.

(a),(b)

28,254

1,424,144

Axis

Bank

Ltd.

410,722

5,234,594

Bajaj

Auto

Ltd.

14,030

1,371,338

Bajaj

Finance

Ltd.

446,626

5,024,676

#### Common

#### Stocks
(continued)

#### Issuer

#### Shares

#### Value

#### ($)
Bajaj

Finserv

Ltd.

70,607

1,595,539

Bharat

Electronics

Ltd.

831,365

3,782,347

Bharat

Forge

Ltd.

92,994

1,269,822

Bharat

Petroleum

Corp.

Ltd.

603,172

2,307,357

Bharti

Airtel

Ltd.

453,403

9,592,118

Britannia

Industries

Ltd.

13,286

896,470

BSE

Ltd.

35,316

811,496

CG

Power

&

Industrial

Solutions

Ltd.

238,863

1,993,333

Cholamandalam

Investment

and

Finance

Co.

Ltd.

103,586

1,879,251

Cipla

Ltd.

105,412

1,784,752

Coal

India

Ltd.

557,730

2,449,486

Coforge

Ltd.

50,154

898,706

Colgate-Palmolive

India

Ltd.

40,793

1,021,057

Crompton

Greaves

Consumer

Electricals

Ltd.

343,141

1,125,784

Cummins

India,

Ltd.

52,211

2,308,924

Divi's

Laboratories,

Ltd.

31,952

2,047,454

Dixon

Technologies

India

Ltd.

9,963

1,831,494

DLF,

Ltd.

185,315

1,488,134

Dr

Reddy's

Laboratories

Ltd.

102,510

1,412,808

Eicher

Motors

Ltd.

21,582

1,702,836

Eternal

Ltd.

(a) 1,397,271

5,122,402

Glenmark

Pharmaceuticals,

Ltd.

64,547

1,419,560

Godrej

Consumer

Products

Ltd.

96,136

1,263,461

Godrej

Properties

Ltd.

(a) 56,445

1,251,610

Grasim

Industries

Ltd.

69,180

2,148,046

Havells

India,

Ltd.

89,166

1,508,382

HCL

Technologies

Ltd.

125,596

1,959,291

HDFC

Bank

Ltd.

ADR

647,954

22,134,109

HDFC

Life

Insurance

Co.

Ltd.

(b) 129,630

1,104,404

Hero

MotoCorp

Ltd.

31,609

1,948,223

Hindalco

Industries

Ltd.

325,322

2,791,785

Hindustan

Aeronautics

Ltd.

37,324

1,995,279

Hindustan

Petroleum

Corp.

Ltd.

301,503

1,505,669

Hindustan

Unilever

Ltd.

129,363

3,663,418

ICICI

Bank

Ltd.

ADR

667,500

20,178,525

ICICI

Lombard

General

Insurance

Co.

Ltd.

(b) 44,922

956,130

IDBI

Bank

Ltd.

1,922,685

1,979,664

Idfc

First

Bank

Ltd.

1,736,237

1,364,331

Indian

Hotels

Co.

Ltd.

169,028

1,371,242

Indian

Oil

Corp.,

Ltd.

1,153,680

1,946,302

Indus

Towers

Ltd.

(a) 318,607

1,230,453

IndusInd

Bank

Ltd.

(a) 177,358

1,469,282

Infosys

Ltd.

ADR

889,333

14,469,448

InterGlobe

Aviation

Ltd.

(b) 30,065

1,894,369

ITC

Ltd.

1,381,584

6,248,258

Jindal

Steel

Ltd.

178,243

2,135,473

JSL

Stainless

Ltd.

178,154

1,480,290

JSW

Steel

Ltd.

212,657

2,736,869

Kotak

Mahindra

Bank

Ltd.

180,161

4,043,382

Larsen

&

Toubro

Ltd.

114,225

4,707,232

Laurus

Labs

Ltd.

(b) 167,300

1,586,160

Lodha

Developers

Ltd.

(b) 69,468

888,646

Lupin,

Ltd.

68,384

1,472,060

Mahindra

&

Mahindra

Ltd.

176,096

6,796,818

Maruti

Suzuki

India

Ltd.

17,821

3,217,219

Max

Healthcare

Institute

Ltd.

125,069

1,570,181

PORTFOLIO

OF

INVESTMENTS

(continued)

Columbia

EM

Core

ex-China

ETF

September

30,

2025

(Unaudited)

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Indexed

ETFs

\|

2025

#### Common

#### Stocks
(continued)

#### Issuer

#### Shares

#### Value

#### ($)
National

Aluminium

Co.

Ltd.

684,766

1,649,431

Nestle

India

Ltd.

60,406

784,357

NTPC

Ltd.

1,037,153

3,976,841

Oberoi

Realty

Ltd.

59,106

1,053,192

Oil

&

Natural

Gas

Corp.

Ltd.

930,663

2,510,383

PB

Fintech

Ltd.

(a) 76,504

1,466,512

Persistent

Systems

Ltd.

18,672

1,014,157

Petronet

LNG,

Ltd.

395,636

1,242,312

Phoenix

Mills

Ltd.

(The)

65,549

1,148,360

Pi

Industries

Ltd.

26,319

1,041,481

Polycab

India

Ltd.

20,933

1,717,761

Power

Grid

Corp

of

India

Ltd.

927,328

2,926,989

Prestige

Estates

Projects

Ltd.

54,568

928,081

Rail

Vikas

Nigam

Ltd.

164,360

628,368

Reliance

Industries,

Ltd.

242,725

3,728,816

Samvardhana

Motherson

International

Ltd.

1,668,274

1,985,084

SBI

Life

Insurance

Co.

Ltd.

(b) 64,255

1,295,829

Shriram

Finance

Ltd.

314,198

2,180,202

Siemens,

Ltd.

37,433

1,319,259

Solar

Industries

India

Ltd.

6,525

979,315

Sona

Blw

Precision

Forgings

Ltd.

(b) 219,172

1,016,391

SRF,

Ltd.

39,048

1,241,778

State

Bank

of

India

GDR

67,369

6,622,373

Sun

Pharmaceutical

Industries

Ltd.

192,400

3,454,754

Sundaram

Finance

Ltd.

17,870

887,877

Supreme

Industries

Ltd.

23,128

1,099,136

Suzlon

Energy,

Ltd.

(a) 2,737,694

1,697,400

Tata

Consultancy

Services,

Ltd.

176,105

5,728,898

Tata

Consumer

Products

Ltd.

95,830

1,218,857

Tata

Motors

Ltd.

522,588

4,003,484

Tata

Power

Co.

Ltd.

(The)

461,740

2,021,149

Tata

Steel

Ltd.

2,033,307

3,864,918

Tech

Mahindra

Ltd.

70,445

1,110,998

Titan

Co.

Ltd.

69,523

2,636,414

Trent

Ltd.

38,858

2,047,087

Tube

Investments

of

India

Ltd.

34,064

1,188,056

TVS

Motor

Co.

Ltd.

59,731

2,313,322

UltraTech

Cement,

Ltd.

20,131

2,771,084

United

Spirits

Ltd.

53,808

802,556

UPL

Ltd.

166,840

1,232,292

Varun

Beverages

Ltd.

354,323

1,770,642

Vedanta

Ltd.

650,329

3,411,730

Voltas,

Ltd.

77,364

1,179,341

#### Total

#### 295,344,322

#### Indonesia

#### -

#### 1.5%
Chandra

Asri

Pacific

Tbk

PT

1,684,947

781,051

PT

Bank

Central

Asia

Tbk

15,370,968

7,032,921

PT

Bank

Mandiri

Persero

Tbk

492,250

129,967

PT

Bank

Negara

Indonesia

Persero

Tbk

7,045,659

1,733,405

PT

Bank

Rakyat

Indonesia

Persero

Tbk

9,425,562

2,205,802

PT

Dian

Swastatika

Sentosa

Tbk

(a) 366,994

2,338,720

PT

GoTo

Gojek

Tokopedia

Tbk

(a) 279,309,325

905,053

PT

United

Tractors

Tbk

1,797,964

2,888,718

#### Total

#### 18,015,637

#### Kuwait

#### -

#### 0.9%
Boubyan

Bank

KSCP

842,547

1,949,536

Gulf

Bank

KSCP

1,623,094

1,859,214

#### Common

#### Stocks
(continued)

#### Issuer

#### Shares

#### Value

#### ($)
Kuwait

Finance

House

KSCP

1,317,475

3,427,893

Mabanee

Co

KPSC

646,032

2,082,610

National

Bank

of

Kuwait

SAKP

688,606

2,391,134

#### Total

#### 11,710,387

#### Malaysia

#### -

#### 1.5%
CIMB

Group

Holdings

Bhd

623,085

1,086,716

IHH

Healthcare

Bhd

3,528,324

6,329,772

Malayan

Banking

Bhd

1,024,383

2,412,174

Public

Bank

Bhd

835,468

859,588

Tenaga

Nasional

Bhd

2,629,799

8,260,887

#### Total

#### 18,949,137

#### Mexico

#### -

#### 3.4%
America

Movil

SAB

de

CV

Series

B

4,588,515

4,798,136

Arca

Continental

SAB

de

CV

185,005

1,937,797

Cemex

SAB

de

CV

Series

CPO

(a) 2,204,863

1,972,440

Coca-Cola

Femsa

SAB

de

CV

161,004

1,334,491

Fibra

Uno

Administracion

SA

de

CV

981,441

1,444,925

Fomento

Economico

Mexicano

SAB

de

CV

Series

UBD

499,834

4,923,770

Grupo

Aeroportuario

del

Centro

Norte

SAB

de

CV

133,450

1,725,077

Grupo

Aeroportuario

del

Pacifico

SAB

de

CV

Class

B

112,989

2,668,100

Grupo

Aeroportuario

del

Sureste

SAB

de

CV

Class

B

49,271

1,589,492

Grupo

Carso

SAB

de

CV

Series

A1

138,470

987,739

Grupo

Financiero

Banorte

SAB

de

CV

Class

O

439,254

4,420,214

Grupo

Financiero

Inbursa

SAB

de

CV

Class

O

495,070

1,359,974

Grupo

Mexico

SAB

de

CV

Series

B

949,735

8,274,467

Industrias

Penoles

SAB

de

CV

(a) 64,716

2,889,407

Prologis

Property

Mexico

SA

de

CV

252,644

1,033,315

Qualitas

Controladora

SAB

de

CV

87,076

795,357

Wal-Mart

de

Mexico

SAB

de

CV

152,453

470,436

#### Total

#### 42,625,137

#### Philippines

#### -

#### 0.6%
Manila

Electric

Co.

416,267

3,790,747

SM

Investments

Corp.

302,042

3,814,448

#### Total

#### 7,605,195

#### Poland

#### -

#### 1.4%
Bank

Polska

Kasa

Opieki

SA

24,915

1,199,788

ORLEN

SA

74,110

1,767,437

Powszechna

Kasa

Oszczednosci

Bank

Polski

SA

414,117

8,045,252

Powszechny

Zaklad

Ubezpieczen

SA

412,716

6,184,170

#### Total

#### 17,196,647

#### Qatar

#### -

#### 1.0%
Al

Rayan

Bank

2,056,565

1,344,308

Barwa

Real

Estate

Co.

1,155,543

847,060

Qatar

Fuel

QSC

544,033

2,253,232

Qatar

Gas

Transport

Co.,

Ltd.

1,180,918

1,491,959

Qatar

Islamic

Bank

QPSC

364,968

2,395,698

Qatar

National

Bank

QPSC

796,123

4,062,610

#### Total

#### 12,394,867

#### Russia

#### -

#### 0.0%
Gazprom

PJSC

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

251,024

GMK

Norilskiy

Nickel

PAO

ADR

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

19,108

PORTFOLIO

OF

INVESTMENTS

(continued)

Columbia

EM

Core

ex-China

ETF

September

30,

2025

(Unaudited)

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Indexed

ETFs

\|

2025

#### Common

#### Stocks
(continued)

#### Issuer

#### Shares

#### Value

#### ($)
LUKOIL

PJSC

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

14,277

Mobile

TeleSystems

PJSC

ADR

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

49,482

#### Total

#### 0

#### Saudi

#### Arabia

#### -

#### 4.9%
Al

Rajhi

Bank

512,374

14,646,284

Almarai

Co.

JSC

146,407

1,963,701

Bupa

Arabia

For

Cooperative

Insurance

Co.

31,947

1,404,741

Co.

for

Cooperative

Insurance

(The)

33,727

1,223,101

Dar

Al

Arkan

Real

Estate

Development

Co.

(a) 337,856

1,796,397

Dr

Sulaiman

Al

Habib

Medical

Services

Group

Co.

20,479

1,474,409

Elm

Co.

6,494

1,550,684

Etihad

Etisalat

Co.

128,510

2,314,770

Riyad

Bank

291,952

2,117,512

Saudi

Arabian

Mining

Co.

(a) 324,537

5,538,469

Saudi

Arabian

Oil

Co.

(b) 771,676

5,066,040

Saudi

Awwal

Bank

264,177

2,259,826

Saudi

Investment

Bank

(The)

280,446

1,066,386

Saudi

National

Bank

(The)

707,415

7,390,678

Saudi

Telecom

Co.

455,687

5,356,163

Umm

Al

Qura

For

Development

&

Construction

Co.

(a) 276,574

1,821,604

Yanbu

National

Petrochemical

Co.

402,465

3,749,701

#### Total

#### 60,740,466

#### South

#### Africa

#### -

#### 4.9%
Absa

Group

Ltd.

99,587

1,045,310

Bid

Corp.

Ltd.

158,763

3,977,702

Bidvest

Group

Ltd.

228,679

2,807,639

Exxaro

Resources

Ltd.

184,558

1,927,469

FirstRand

Ltd.

1,501,737

6,759,884

Gold

Fields

Ltd.

230,932

9,759,178

Harmony

Gold

Mining

Co.

Ltd.

208,313

3,801,735

Impala

Platinum

Holdings

Ltd.

207,427

2,651,675

Mr

Price

Group

Ltd.

80,317

948,301

MTN

Group

Ltd.

402,054

3,379,095

Naspers

Ltd.

Class

N

(a) 42,736

15,493,407

Shoprite

Holdings

Ltd.

238,847

3,793,448

Sibanye

Stillwater

Ltd.

(a) 742,354

2,120,888

Standard

Bank

Group

Ltd.

168,961

2,315,067

#### Total

#### 60,780,798

#### South

#### Korea

#### -

#### 14.6%
Alteogen,

Inc.

(a) 7,472

2,439,098

Celltrion,

Inc.

22,666

2,801,243

Doosan

Enerbility

Co.

Ltd.

(a) 111,753

4,994,058

Hana

Financial

Group,

Inc.

96,489

5,996,822

Hanwha

Aerospace

Co.

Ltd.

5,543

4,373,402

HD

Hyundai

Electric

Co.

Ltd.

5,680

2,356,124

HD

Korea

Shipbuilding

&

Offshore

Engineering

Co.

Ltd.

8,012

2,346,981

HLB,

Inc.

(a) 40,619

1,098,672

HMM

Co.

Ltd.

119,940

1,713,978

HYBE

Co.

Ltd.

7,062

1,338,863

Hyundai

Mobis

Co.

Ltd.

11,905

2,532,798

Hyundai

Motor

Co.

33,890

5,193,222

Hyundai

Rotem

Co.

Ltd.

12,486

1,948,921

Kakao

Corp.

93,867

3,987,366

#### Common

#### Stocks
(continued)

#### Issuer

#### Shares

#### Value

#### ($)
KakaoBank

Corp.

67,330

1,139,722

KB

Financial

Group,

Inc.

99,949

8,227,868

Kia

Corp.

64,762

4,648,112

LG

Chem

Ltd.

12,252

2,427,608

LG

Energy

Solution

Ltd.

(a) 8,850

2,191,921

Meritz

Financial

Group,

Inc.

21,376

1,729,216

NAVER

Corp.

44,021

8,424,246

Samsung

Biologics

Co.

Ltd.

(a),(b)

3,542

2,516,927

Samsung

C&T

Corp.

17,638

2,320,641

Samsung

Electro-Mechanics

Co.

Ltd.

4,330

597,167

Samsung

Electronics

Co.

Ltd.

1,009,036

60,338,634

Samsung

Fire

&

Marine

Insurance

Co.

Ltd.

5,091

1,638,278

Samsung

Heavy

Industries

Co.

Ltd.

(a) 128,467

2,005,222

Samsung

SDI

Co.

Ltd.

13,204

1,929,240

Shinhan

Financial

Group

Co.

Ltd.

146,189

7,376,915

SK

Hynix,

Inc.

102,323

25,342,819

SK

Square

Co.

Ltd.

(a) 16,930

2,431,414

SK

Telecom

Co.

Ltd.

25,415

983,596

Woori

Financial

Group,

Inc.

85,483

1,581,044

#### Total

#### 180,972,138

#### Taiwan

#### -

#### 27.5%
Accton

Technology

Corp.

108,746

3,728,577

Acer,

Inc.

663,158

673,428

Advantech

Co.

Ltd.

81,809

856,259

Alchip

Technologies

Ltd.

18,171

2,065,835

ASE

Technology

Holding

Co.

Ltd.

594,261

3,197,677

Asia

Vital

Components

Co.

Ltd.

112,217

3,611,946

Asustek

Computer,

Inc.

139,431

3,069,696

Catcher

Technology

Co.

Ltd.

463,886

2,777,715

Cathay

Financial

Holding

Co.

Ltd.

1,773,035

3,816,231

Chang

Hwa

Commercial

Bank

Ltd.

6,979,933

4,500,154

Chunghwa

Telecom

Co.

Ltd.

1,666,015

7,297,493

CTBC

Financial

Holding

Co.

Ltd.

6,230,224

8,769,493

Delta

Electronics,

Inc.

400,753

11,229,184

E

Ink

Holdings,

Inc.

172,226

1,359,025

E.Sun

Financial

Holding

Co.

Ltd.

1,880,352

2,057,541

Elite

Material

Co.

Ltd.

70,224

2,822,508

eMemory

Technology,

Inc.

18,636

1,232,087

Eva

Airways

Corp.

1,342,933

1,678,776

Evergreen

Marine

Corp.

Taiwan

Ltd.

235,536

1,383,324

Far

Eastern

New

Century

Corp.

3,915,879

3,571,804

Far

EasTone

Telecommunications

Co.

Ltd.

1,701,669

4,935,611

Fortune

Electric

Co.

Ltd.

44,312

844,717

Fubon

Financial

Holding

Co.

Ltd.

1,136,138

3,291,587

Gigabyte

Technology

Co.

Ltd.

164,436

1,613,176

Hon

Hai

Precision

Industry

Co.

Ltd.

2,559,065

18,136,296

KGI

Financial

Holding

Co.

Ltd.

1,996,789

979,460

Largan

Precision

Co.

Ltd.

37,048

2,856,579

Lite-On

Technology

Corp.

407,671

2,307,345

MediaTek,

Inc.

313,639

13,532,229

Mega

Financial

Holding

Co.

Ltd.

1,141,556

1,591,841

Novatek

Microelectronics

Corp.

116,714

1,633,261

PharmaEssentia

Corp.

50,938

860,721

President

Chain

Store

Corp.

387,578

3,153,729

Quanta

Computer,

Inc.

460,838

4,384,901

Realtek

Semiconductor

Corp.

69,206

1,248,878

Taiwan

Business

Bank

11,305,165

5,842,127

PORTFOLIO

OF

INVESTMENTS

(continued)

Columbia

EM

Core

ex-China

ETF

September

30,

2025

(Unaudited)

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Indexed

ETFs

\|

2025

#### Common

#### Stocks
(continued)

#### Issuer

#### Shares

#### Value

#### ($)
Taiwan

Mobile

Co.

Ltd.

1,329,449

4,754,575

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

4,242,125

181,638,333

Tatung

Co.

Ltd.

482,230

613,111

Uni-President

Enterprises

Corp.

2,152,656

5,537,379

United

Microelectronics

Corp.

3,030,055

4,528,480

Wan

Hai

Lines

Ltd.

269,004

655,784

Wistron

Corp.

561,148

2,586,826

Wiwynn

Corp.

24,331

2,646,409

Yang

Ming

Marine

Transport

Corp.

572,058

994,786

#### Total

#### 340,866,894

#### Thailand

#### -

#### 1.8%
Airports

of

Thailand

PCL

NVDR

1,911,900

2,389,506

Bangkok

Dusit

Medical

Services

PCL

NVDR

2,177,700

1,377,653

Central

Pattana

PCL

NVDR

1,523,200

2,632,285

Charoen

Pokphand

Foods

PCL

NVDR

1,735,371

1,194,222

CP

ALL

PCL

NVDR

43,098

62,842

Delta

Electronics

Thailand

PCL

NVDR

803,300

3,929,117

Kasikornbank

PCL

NVDR

270,183

1,396,564

Krung

Thai

Bank

PCL

NVDR

1,957,596

1,498,176

PTT

Exploration

&

Production

PCL

NVDR

649,300

2,314,277

PTT

PCL

NVDR

NVDR

3,271,900

3,357,219

Siam

Cement

PCL

(The)

NVDR

347,100

2,463,601

#### Total

#### 22,615,462

#### Turkey

#### -

#### 0.5%
BIM

Birlesik

Magazalar

AS

127,278

1,656,002

Haci

Omer

Sabanci

Holding

AS

927,037

1,935,205

Turkiye

Petrol

Rafinerileri

AS

485,713

2,178,557

#### Total

#### 5,769,764

#### United

#### Arab

#### Emirates

#### -

#### 4.0%
Abu

Dhabi

Commercial

Bank

PJSC

645,999

2,564,298

Abu

Dhabi

Islamic

Bank

PJSC

562,936

3,338,074

ADNOC

Drilling

Co.

PJSC

1,203,463

1,844,676

Adnoc

Gas

PLC

2,102,317

2,026,192

Aldar

Properties

PJSC

916,103

2,364,459

Dubai

Islamic

Bank

PJSC

1,257,000

3,278,535

Emaar

Properties

PJSC

1,257,517

4,467,900

Emirates

Integrated

Telecommunications

Co.

PJSC

462,340

1,158,053

Emirates

NBD

Bank

PJSC

473,806

3,134,627

Emirates

Telecommunications

Group

Co.

PJSC

600,342

3,079,347

First

Abu

Dhabi

Bank

PJSC

1,346,106

5,731,853

International

Holding

Co.

PJSC

(a) 143,529

15,650,249

Modon

Holding

PSC

(a) 1,047,174

995,001

#### Total

#### 49,633,264

#### Total

#### Common

#### Stocks

#### (Cost:

#### $899,775,520)

#### 1,204,969,723

#### Preferred

#### Stocks

#### -

#### 2.3%

#### Issuer

#### Shares

#### Value

#### ($)

#### Brazil

#### -

#### 2.3%
Banco

Bradesco

SA

Preference

Shares

1,420,857

4,719,693

Itau

Unibanco

Holding

SA

Preference

Shares

1,319,385

9,679,446

Itausa

SA

Preference

Shares

3,036,082

6,539,017

#### Preferred

#### Stocks
(continued)

#### Issuer

#### Shares

#### Value

#### ($)
Petroleo

Brasileiro

SA

-

Petrobras

Preference

Shares

1,169,327

6,907,648

#### Total

#### 27,845,804

#### India

#### -

#### 0.0%
TVS

Motor

Co.

Ltd.

(a),(c),(d)

238,924

24,218

#### Total

#### Preferred

#### Stocks

#### (Cost:

#### $23,562,145)

#### 27,870,022

#### Warrants

#### -

#### 0.0%

#### Issuer

#### Shares

#### Value

#### ($)

#### Malaysia

#### -

#### 0.0%
YTL

Corp.

Bhd

,

expiring

12/31/25

231,020

79,047

#### Total

#### Warrants

#### (Cost

#### $0)

#### 79,047

#### Money

#### Market

#### Funds

#### -

#### 0.5%

#### Issuer

#### Shares

#### Value

#### ($)
Goldman

Sachs

Financial

Square

Funds

—

Treasury

Instruments

Fund,

Institutional

Shares,

3.965%

(g) 6,167,819

6,167,819

#### Total

#### Money

#### Market

#### Funds

#### (Cost:

#### $6,167,819)

#### 6,167,819

#### Total

#### Investments

#### in

#### Securities

#### (Cost:

#### $929,505,484)

#### 1,239,086,611

#### Other

#### Assets

#### &

#### Liabilities,

#### Net

#### 1,562,960

#### Net

#### Assets

#### 1,240,649,571
PORTFOLIO

OF

INVESTMENTS

(continued)

Columbia

EM

Core

ex-China

ETF

September

30,

2025

(Unaudited)

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Indexed

ETFs

\|

2025

Security

#### Acquisition

#### Date
Shares

#### Cost

#### ($)

#### Value

#### ($)
Gazprom

PJSC

04/19/2016-02/16/2022

251,024

961,853

—

GMK

Norilskiy

Nickel

PAO

ADR

06/19/2020-02/16/2022

19,108

569,160

—

LUKOIL

PJSC

04/19/2016-02/16/2022

14,277

1,117,736

—

Mobile

TeleSystems

PJSC

ADR

06/19/2020-02/16/2022

49,482

421,211

—

3,069,960

—

Notes

to

Portfolio

of

Investments

(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

September

30,

2025,

the

total

value

of

these

securities

amounted

to

$20,239,065,

which

represents

1.63%

of

total

net

assets.

(c) Represents

fair

value

as

determined

in

good

faith

under

procedures

approved

by

the

Board

of

Trustees.

At

September

30,

2025,

the

value

of

these

securities

amounted

to

$24,218,

which

represents

less

than

0.01%

of

net

assets.

(d) Valuation

based

on

significant

unobservable

inputs.

(e) 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.

These

securities

are

valued

at

fair

value

determined

in

good

faith

under

consistently

applied

procedures

approved

by

the

Fund's

Board

of

Trustees.

At

September

30,

2025,

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:

(f) As

a

result

of

sanctions

and

restricted

cross-border

payments,

certain

income

and/or

principal

has

not

been

recognized

by

the

Fund.

The

Fund

will

continue

to

monitor

the

net

realizable

value

and

record

the

income

when

it

is

considered

collectible.

(g) The

rate

shown

is

the

seven-day

current

annualized

yield

at

September

30,

2025. #### Abbreviation

#### Legend
ADR

American

Depositary

Receipts

GDR

Global

Depositary

Receipts

NVDR

Non-Voting

Depository

Receipts

PJSC

Private

Joint

Stock

Company

#### 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.

PORTFOLIO

OF

INVESTMENTS

(continued)

Columbia

EM

Core

ex-China

ETF

September

30,

2025

(Unaudited)

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Indexed

ETFs

\|

2025

#### Fair

#### Value

#### Measurements
(continued)

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

September

30,

2025:

Level

($)

Level

($)

Level

($)

Total

($)

#### Investments

#### in

#### Securities
Common

Stocks

Argentina

605,147

–

–

605,147

Brazil

34,828,309

–

–

34,828,309

Chile

5,389,918

–

–

5,389,918

China

754,038

–

–

754,038

Colombia

1,016,006

–

–

1,016,006

Czech

Republic

1,269,652

–

–

1,269,652

Egypt

777,776

–

–

777,776

Greece

7,968,050

–

–

7,968,050

Hungary

7,140,712

–

–

7,140,712

India

295,344,322

–

–

295,344,322

Indonesia

18,015,637

–

–

18,015,637

Kuwait

11,710,387

–

–

11,710,387

Malaysia

18,949,137

–

–

18,949,137

Mexico

42,625,137

–

–

42,625,137

Philippines

7,605,195

–

–

7,605,195

Poland

17,196,647

–

–

17,196,647

Qatar

12,394,867

–

–

12,394,867

Russia

–

–

(a) 0

(a) Saudi

Arabia

60,740,466

–

–

60,740,466

South

Africa

60,780,798

–

–

60,780,798

South

Korea

180,972,138

–

–

180,972,138

Taiwan

340,866,894

–

–

340,866,894

Thailand

22,615,462

–

–

22,615,462

Turkey

5,769,764

–

–

5,769,764

United

Arab

Emirates

49,633,264

–

–

49,633,264

Total

Common

Stocks

1,204,969,723

–

(a) 1,204,969,723

Preferred

Stocks

Brazil

27,845,804

–

–

27,845,804

PORTFOLIO

OF

INVESTMENTS

(continued)

Columbia

EM

Core

ex-China

ETF

September

30,

2025

(Unaudited)

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Indexed

ETFs

\|

2025

#### Fair

#### Value

#### Measurements
(continued)

Level

($)

Level

($)

Level

($)

Total

($)

India

–

–

24,218

24,218

Total

Preferred

Stocks

27,845,804

–

24,218

27,870,022

Warrants

Malaysia

–

79,047

–

79,047

Total

Warrants

–

79,047

–

79,047

Money

Market

Funds

6,167,819

–

–

6,167,819

Total

Investments

in

Securities

1,238,983,346

79,047

24,218

1,239,086,611

See

the

Portfolio

of

Investments

for

all

investment

classifications

not

indicated

in

the

table.

The

Fund

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. (a) Rounds

to

zero.

PORTFOLIO

OF

INVESTMENTS

Columbia

India

Consumer

ETF

September

30,

2025

(Unaudited)

(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.

Indexed

ETFs

\|

2025

Notes

to

Portfolio

of

Investments

#### Common

#### Stocks

#### -

#### 101.1%
Issuer

Shares

Value

($)

#### Consumer

#### Discretionary

#### -

#### 63.2%

#### Apparel

#### Retail

#### -

#### 3.9%
Trent

Ltd.

213,932

11,270,199

#### Apparel,

#### Accessories

#### &

#### Luxury

#### Goods

#### -

#### 4.6%
Titan

Co.

Ltd.

347,183

13,165,690

#### Automobile

#### Manufacturers

#### -

#### 17.5%
Hyundai

Motor

India

Ltd.

190,923

5,557,251

Mahindra

&

Mahindra

Ltd.

395,340

15,259,030

Maruti

Suzuki

India

Ltd.

92,913

16,773,549

Tata

Motors

Ltd.

1,694,889

12,984,342

Total

50,574,172

#### Automotive

#### Parts

#### &

#### Equipment

#### -

#### 7.2%
Bosch

Ltd.

11,625

4,994,277

Samvardhana

Motherson

International

Ltd.

5,958,112

7,089,575

Tube

Investments

of

India

Ltd.

148,691

5,185,921

UNO

Minda

Ltd.

241,307

3,529,834

Total

20,799,607

#### Consumer

#### Electronics

#### -

#### 2.9%
Dixon

Technologies

India

Ltd.

45,899

8,437,595

#### Hotels,

#### Resorts

#### &

#### Cruise

#### Lines

#### -

#### 3.2%
Indian

Hotels

Co.

Ltd.

1,149,141

9,322,423

#### Motorcycle

#### Manufacturers

#### -

#### 17.8%
Bajaj

Auto

Ltd.

145,279

14,200,040

Eicher

Motors

Ltd.

178,667

14,096,962

Hero

MotoCorp

Ltd.

174,339

10,745,395

TVS

Motor

Co.

Ltd.

316,553

12,259,783

Total

51,302,180

#### Restaurants

#### -

#### 6.1%
Eternal

Ltd.

(a) 4,810,587

17,635,636

#### Total

#### Consumer

#### Discretionary

#### 182,507,502

#### Consumer

#### Staples

#### -

#### 37.9%

#### Distillers

#### &

#### Vintners

#### -

#### 2.2%
United

Spirits

Ltd.

420,640

6,273,920

#### Food

#### Retail

#### -

#### 3.5%
Avenue

Supermarts

Ltd.

(a),(b)

198,124

9,986,447

#### Common

#### Stocks
(continued)

Issuer

Shares

Value

($)

#### Packaged

#### Foods

#### &

#### Meats

#### -

#### 14.9%
Britannia

Industries

Ltd.

158,778

10,713,508

Marico

Ltd.

714,426

5,611,530

Nestle

India

Ltd.

964,820

12,527,949

Patanjali

Foods

Ltd.

447,375

2,901,252

Tata

Consumer

Products

Ltd.

881,712

11,214,454

Total

42,968,693

#### Personal

#### Care

#### Products

#### -

#### 10.1%
Colgate-Palmolive

India

Ltd.

178,215

4,460,757

Dabur

India

Ltd.

798,825

4,420,185

Godrej

Consumer

Products

Ltd.

490,068

6,440,685

Hindustan

Unilever

Ltd.

488,524

13,834,464

Total

29,156,091

#### Soft

#### Drinks

#### &

#### Non-alcoholic

#### Beverages

#### -

#### 3.0%
Varun

Beverages

Ltd.

1,764,851

8,819,410

#### Tobacco

#### -

#### 4.2%
ITC

Ltd.

2,672,348

12,085,781

#### Total

#### Consumer

#### Staples

#### 109,290,342

#### Total

#### Common

#### Stocks

#### (Cost:

#### $208,817,499)

#### 291,797,844

#### Preferred

#### Stock

#### -

#### 0.0%

#### Issuer

#### Shares

#### Value

#### ($)

#### Consumer

#### Discretionary

#### -

#### 0.0%

#### Motorcycle

#### Manufacturers

#### -

#### 0.0%
TVS

Motor

Co.

Ltd.

(Cost:

$0)

(a),(c),(d)

1,308,424

132,628

#### Money

#### Market

#### Funds

#### -

#### 0.3%

#### Issuer

#### Shares

#### Value

#### ($)
Goldman

Sachs

Financial

Square

Funds

—

Treasury

Instruments

Fund,

Institutional

Shares,

3.965%

(e) 964,326

964,326

#### Total

#### Money

#### Market

#### Funds

#### (Cost:

#### $964,326)

#### 964,326

#### Total

#### Investments

#### in

#### Securities

#### (Cost:

#### $209,781,825)

#### 292,894,798

#### Other

#### Assets

#### &

#### Liabilities,

#### Net

#### (4,167,695)

#### Net

#### Assets

#### 288,727,103
(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

September

30,

2025,

the

total

value

of

these

securities

amounted

to

$9,986,447,

which

represents

3.46%

of

total

net

assets.

(c) Represents

fair

value

as

determined

in

good

faith

under

procedures

approved

by

the

Board

of

Trustees.

At

September

30,

2025,

the

value

of

these

securities

amounted

to

$132,628,

which

represents

0.05%

of

net

assets.

(d) Valuation

based

on

significant

unobservable

inputs.

(e) The

rate

shown

is

the

seven-day

current

annualized

yield

at

September

30,

2025. PORTFOLIO

OF

INVESTMENTS

(continued)

Columbia

India

Consumer

ETF

September

30,

2025

(Unaudited)

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Indexed

ETFs

\|

2025

#### 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

September

30,

2025:

Level

($)

Level

($)

Level

($)

Total

($)

#### Investments

#### in

#### Securities
Common

Stocks

Consumer

Discretionary

182,507,502

–

–

182,507,502

PORTFOLIO

OF

INVESTMENTS

(continued)

Columbia

India

Consumer

ETF

September

30,

2025

(Unaudited)

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Indexed

ETFs

\|

2025

#### Fair

#### Value

#### Measurements
(continued)

Level

($)

Level

($)

Level

($)

Total

($)

Common

Stocks

(continued)

Consumer

Staples

109,290,342

–

–

109,290,342

Total

Common

Stocks

291,797,844

–

–

291,797,844

Preferred

Stocks

Consumer

Discretionary

–

–

132,628

132,628

Total

Preferred

Stocks

–

–

132,628

132,628

Money

Market

Funds

964,326

–

–

964,326

Total

Investments

in

Securities

292,762,170

–

132,628

292,894,798

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. PORTFOLIO

OF

INVESTMENTS

Columbia

Research

Enhanced

Emerging

Economies

ETF

September

30,

2025

(Unaudited)

(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.

Indexed

ETFs

\|

2025

#### Common

#### Stocks

#### -

#### 97.1%

#### Issuer

#### Shares

#### Value

#### ($)

#### Brazil

#### -

#### 2.3%
Ambev

SA

262,968

596,987

B3

SA

-

Brasil

Bolsa

Balcao

271,384

682,849

Companhia

de

Saneamento

Basico

do

Estado

de

Sao

Paulo

31,001

769,386

Embraer

SA

31,292

471,770

Suzano

SA

43,041

403,291

Vale

SA

158,473

1,713,414

WEG

SA

85,402

586,767

#### Total

#### 5,224,464

#### Chile

#### -

#### 0.3%
Banco

de

Chile

4,728,333

717,896

#### China

#### -

#### 31.8%
Agricultural

Bank

of

China,

Ltd.

Class

H

1,181,928

797,533

Airtac

International

Group

12,241

302,430

Alibaba

Group

Holding

Ltd.

519,492

11,818,169

ANTA

Sports

Products

Ltd.

61,432

738,251

Baidu,

Inc.

Class

A

(a) 83,103

1,422,719

Bank

of

China,

Ltd.

Class

H

2,520,936

1,380,287

Beijing-Shanghai

High

Speed

Railway

Co.

Ltd.

491,202

353,991

BYD

Co.

Ltd.

Class

H

122,157

1,730,207

China

Construction

Bank

Corp.

Class

H

3,259,956

3,134,090

China

Life

Insurance

Co.,

Ltd.

Class

H

355,026

1,008,441

China

Merchants

Bank

Co.,

Ltd.

Class

H

148,857

894,627

China

Overseas

Land

&

Investment,

Ltd.

257,051

474,430

China

Pacific

Insurance

Group

Co.,

Ltd.

Class

H

136,807

544,738

China

Resources

Beer

Holdings

Co.

Ltd.

122,466

431,914

China

Resources

Land,

Ltd.

166,013

648,228

China

Shenhua

Energy

Co.,

Ltd.

Class

H

181,784

869,154

China

Tower

Corp.

Ltd.

Class

H

(b) 175,870

259,497

China

Yangtze

Power

Co.,

Ltd.

Class

A

245,008

937,910

Contemporary

Amperex

Technology

Co.

Ltd.

Class

A

44,926

2,537,105

East

Money

Information

Co.

Ltd.

Class

A

167,402

637,771

Gree

Electric

Appliances

Inc.

Class

A

62,650

349,579

H

World

Group

Ltd.

ADR

10,289

402,403

Haier

Smart

Home

Co.

Ltd.

Class

H

158,891

517,492

Hygon

Information

Technology

Co.

Ltd.

Class

A

22,723

806,331

Industrial

&

Commercial

Bank

of

China,

Ltd.

Class

H

2,397,720

1,768,921

Industrial

Bank

Co.

Ltd.

Class

A

205,906

574,175

JD.com,

Inc.

Class

A

98,150

1,747,182

Jiangsu

Hengrui

Pharmaceuticals

Co.,

Ltd.

Class

A

70,737

711,002

Kuaishou

Technology

(b) 104,961

1,141,291

Kweichow

Moutai

Co.

Ltd.

Class

A

12,201

2,474,994

Lenovo

Group,

Ltd.

365,128

542,032

Li

Auto,

Inc.

Class

A

(a) 44,058

574,197

Meituan

Class

B

(a),(b)

181,808

2,441,897

NetEase,

Inc.

62,294

1,895,946

Nongfu

Spring

Co.

Ltd.

Class

H

(b) 102,676

711,305

PDD

Holdings,

Inc.

ADR

(a) 22,365

2,955,982

PetroChina

Co.

Ltd.

Class

H

1,136,045

1,033,777

PICC

Property

&

Casualty

Co.,

Ltd.

Class

H

298,103

672,805

#### Common

#### Stocks
(continued)

#### Issuer

#### Shares

#### Value

#### ($)
Ping

An

Insurance

Group

Co.

of

China,

Ltd.

Class

H

255,091

1,739,316

Pop

Mart

International

Group

Ltd.

(b) 22,579

774,263

Shanghai

Pudong

Development

Bank

Co.

Ltd.

Class

A

302,093

505,013

Shanxi

Xinghuacun

Fen

Wine

Factory

Co.

Ltd.

Class

A

14,826

404,076

Shenzhen

Mindray

Bio-Medical

Electronics

Co.

Ltd.

Class

A

13,447

464,117

Silergy

Corp.

21,875

185,175

Sunny

Optical

Technology

Group

Co.

Ltd.

33,928

394,425

Tencent

Holdings

Ltd.

104,415

8,897,633

Tencent

Music

Entertainment

Group

ADR

29,023

677,397

Trip.com

Group

Ltd.

22,743

1,742,176

Wuxi

Biologics

Cayman,

Inc.

(a),(b)

137,714

725,351

Xiaomi

Corp.

Class

B

(a),(b)

571,273

3,964,930

Zijin

Mining

Group

Co.,

Ltd.

Class

H

273,489

1,145,923

#### Total

#### 73,862,598

#### Czech

#### Republic

#### -

#### 0.3%
CEZ

AS

12,602

783,323

#### Egypt

#### -

#### 0.2%
Commercial

International

Bank

-

Egypt

(CIB)

154,278

325,644

#### Greece

#### -

#### 0.4%
National

Bank

of

Greece

SA

67,860

985,934

#### Hungary

#### -

#### 0.2%
MOL

Hungarian

Oil

&

Gas

PLC

61,786

502,813

#### India

#### -

#### 14.0%
ABB

India,

Ltd.

5,446

317,926

Adani

Ports

&

Special

Economic

Zone

Ltd.

45,321

716,397

Bajaj

Holdings

&

Investment

Ltd.

2,126

293,248

Bharat

Electronics

Ltd.

264,916

1,205,252

Bharat

Petroleum

Corp.

Ltd.

195,569

748,124

Bharti

Airtel

Ltd.

168,148

3,557,311

BSE

Ltd.

14,882

341,961

Cipla

Ltd.

38,852

657,811

Coal

India

Ltd.

150,627

661,537

Cummins

India,

Ltd.

13,795

610,056

Divi's

Laboratories,

Ltd.

8,751

560,756

Dixon

Technologies

India

Ltd.

2,783

511,598

GAIL

India,

Ltd.

216,745

430,347

HCL

Technologies

Ltd.

38,486

600,380

Hero

MotoCorp

Ltd.

10,657

656,845

Hindalco

Industries

Ltd.

108,266

929,096

Hindustan

Aeronautics

Ltd.

13,123

701,534

Indian

Hotels

Co.

Ltd.

64,519

523,411

Indus

Towers

Ltd.

(a) 106,752

412,274

Infosys,

Ltd.

119,484

1,940,246

InterGlobe

Aviation

Ltd.

(b) 13,673

861,524

Larsen

&

Toubro

Ltd.

50,425

2,078,023

Lupin,

Ltd.

19,030

409,647

Mankind

Pharma

Ltd.

9,981

273,804

NTPC

Ltd.

336,958

1,292,026

Oil

&

Natural

Gas

Corp.

Ltd.

281,190

758,486

Petronet

LNG,

Ltd.

92,515

290,501

Pidilite

Industries

Ltd.

25,200

416,647

Power

Finance

Corp.

Ltd.

112,659

520,543

PORTFOLIO

OF

INVESTMENTS

(continued)

Columbia

Research

Enhanced

Emerging

Economies

ETF

September

30,

2025

(Unaudited)

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Indexed

ETFs

\|

2025

#### Common

#### Stocks
(continued)

#### Issuer

#### Shares

#### Value

#### ($)
Power

Grid

Corp

of

India

Ltd.

344,016

1,085,841

REC

Ltd.

103,778

435,794

State

Bank

of

India

127,010

1,248,017

Sun

Pharmaceutical

Industries

Ltd.

72,263

1,297,562

Tata

Consultancy

Services,

Ltd.

34,134

1,110,418

Tata

Motors

Ltd.

152,249

1,166,361

Tech

Mahindra

Ltd.

27,296

430,489

Torrent

Pharmaceuticals

Ltd.

8,254

334,961

UltraTech

Cement,

Ltd.

8,772

1,207,488

Vedanta

Ltd.

117,774

617,861

Wipro

Ltd.

122,780

331,009

#### Total

#### 32,543,112

#### Indonesia

#### -

#### 1.1%
PT

Astra

International

Tbk

1,495,258

518,158

PT

Bank

Central

Asia

Tbk

1,999,885

915,039

PT

Bank

Mandiri

Persero

Tbk

1,624,060

428,795

PT

Bank

Rakyat

Indonesia

Persero

Tbk

2,908,432

680,641

#### Total

#### 2,542,633

#### Kuwait

#### -

#### 0.7%
Mobile

Telecommunications

Co.

KSCP

1,011,813

1,705,396

#### Malaysia

#### -

#### 1.3%
CIMB

Group

Holdings

Bhd

385,000

671,474

Malayan

Banking

Bhd

279,300

657,684

Public

Bank

Bhd

684,200

703,953

Telekom

Malaysia

Bhd

298,500

502,170

Tenaga

Nasional

Bhd

160,800

505,115

#### Total

#### 3,040,396

#### Mexico

#### -

#### 2.1%
Cemex

SAB

de

CV

Series

CPO

833,194

745,364

Fomento

Economico

Mexicano

SAB

de

CV

Series

UBD

77,876

767,142

Grupo

Aeroportuario

del

Pacifico

SAB

de

CV

Class

B

25,355

598,728

Grupo

Financiero

Banorte

SAB

de

CV

Class

O

129,286

1,301,005

Grupo

Mexico

SAB

de

CV

Series

B

165,841

1,444,872

#### Total

#### 4,857,111

#### Philippines

#### -

#### 0.3%
SM

Investments

Corp.

45,410

573,477

#### Qatar

#### -

#### 0.9%
Qatar

Islamic

Bank

QPSC

117,072

768,476

Qatar

National

Bank

QPSC

241,606

1,232,914

#### Total

#### 2,001,390

#### Russia

#### -

#### 0.0%
Magnit

PJSC

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

15,524

Mobile

TeleSystems

PJSC

ADR

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

86,390

#### Total

#### 0

#### Saudi

#### Arabia

#### -

#### 3.0%
Al

Rajhi

Bank

129,262

3,694,973

Alinma

Bank

95,522

682,628

Banque

Saudi

Fransi

111,252

529,531

Etihad

Etisalat

Co.

33,241

598,749

Riyad

Bank

106,692

773,831

SABIC

Agri-Nutrients

Co.

21,348

678,546

#### Total

#### 6,958,258

#### South

#### Africa

#### -

#### 3.1%
Absa

Group

Ltd.

66,670

699,798

#### Common

#### Stocks
(continued)

#### Issuer

#### Shares

#### Value

#### ($)
Bid

Corp.

Ltd.

23,626

591,934

Capitec

Bank

Holdings

Ltd.

5,081

1,023,121

FirstRand

Ltd.

279,064

1,256,172

Gold

Fields

Ltd.

36,766

1,553,730

Harmony

Gold

Mining

Co.

Ltd.

24,340

444,208

MTN

Group

Ltd.

85,917

722,096

Standard

Bank

Group

Ltd.

73,626

1,008,807

#### Total

#### 7,299,866

#### South

#### Korea

#### -

#### 11.6%
Hana

Financial

Group,

Inc.

15,573

967,867

Hanwha

Aerospace

Co.

Ltd.

1,208

953,107

Hd

Hyundai

Heavy

Industries

Co.

Ltd.

1,045

383,575

HD

Korea

Shipbuilding

&

Offshore

Engineering

Co.

Ltd.

2,263

662,908

Hyundai

Mobis

Co.

Ltd.

3,335

709,524

KB

Financial

Group,

Inc.

16,101

1,325,445

Kia

Corp.

12,943

928,948

Krafton,

Inc.

(a) 1,255

261,635

KT&G

Corp.

5,917

563,423

NAVER

Corp.

6,277

1,201,222

Samsung

Electronics

Co.

Ltd.

180,251

10,778,703

Samsung

Fire

&

Marine

Insurance

Co.

Ltd.

1,734

557,999

Samsung

Heavy

Industries

Co.

Ltd.

(a) 36,888

575,779

Shinhan

Financial

Group

Co.

Ltd.

21,843

1,102,231

SK

Hynix,

Inc.

20,962

5,191,757

Woori

Financial

Group,

Inc.

48,597

898,822

#### Total

#### 27,062,945

#### Taiwan

#### -

#### 18.8%
Accton

Technology

Corp.

30,801

1,056,075

Alchip

Technologies

Ltd.

4,700

534,336

ASE

Technology

Holding

Co.

Ltd.

219,906

1,183,299

Asia

Vital

Components

Co.

Ltd.

23,646

761,097

Asustek

Computer,

Inc.

43,892

966,321

CTBC

Financial

Holding

Co.

Ltd.

977,397

1,375,757

Delta

Electronics,

Inc.

114,780

3,216,160

E.Sun

Financial

Holding

Co.

Ltd.

946,777

1,035,993

Elite

Material

Co.

Ltd.

18,700

751,608

eMemory

Technology,

Inc.

3,667

242,437

Evergreen

Marine

Corp.

Taiwan

Ltd.

88,891

522,065

First

Financial

Holding

Co.

Ltd.

813,449

796,688

Fubon

Financial

Holding

Co.

Ltd.

508,817

1,474,130

Hon

Hai

Precision

Industry

Co.

Ltd.

672,898

4,768,881

Hua

Nan

Financial

Holdings

Co.

Ltd.

622,166

604,243

International

Games

System

Co.

Ltd.

14,000

361,507

KGI

Financial

Holding

Co.

Ltd.

1,337,170

655,906

Largan

Precision

Co.

Ltd.

6,442

496,709

Lite-On

Technology

Corp.

150,469

851,627

MediaTek,

Inc.

80,642

3,479,370

Novatek

Microelectronics

Corp.

36,377

509,049

Realtek

Semiconductor

Corp.

29,903

539,624

Taiwan

Mobile

Co.

Ltd.

120,534

431,072

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

295,316

12,644,773

TS

Financial

Holding

Co.,

Ltd.

1,145,139

676,307

Uni-President

Enterprises

Corp.

365,005

938,919

United

Microelectronics

Corp.

658,535

984,194

Wistron

Corp.

181,074

834,730

PORTFOLIO

OF

INVESTMENTS

(continued)

Columbia

Research

Enhanced

Emerging

Economies

ETF

September

30,

2025

(Unaudited)

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Indexed

ETFs

\|

2025

#### Common

#### Stocks
(continued)

#### Issuer

#### Shares

#### Value

#### ($)
Yageo

Corp.

153,852

858,155

Yang

Ming

Marine

Transport

Corp.

160,072

278,359

#### Total

#### 43,829,391

#### Thailand

#### -

#### 1.3%
Advanced

Info

Service

PCL

NVDR

54,900

493,007

Bangkok

Dusit

Medical

Services

PCL

NVDR

683,800

432,585

CP

ALL

PCL

NVDR

365,300

532,647

Delta

Electronics

Thailand

PCL

NVDR

175,500

858,409

PTT

PCL

NVDR

NVDR

755,800

775,508

#### Total

#### 3,092,156

#### Turkey

#### -

#### 0.7%
Akbank

TAS

251,397

379,086

BIM

Birlesik

Magazalar

AS

37,424

486,920

Turk

Hava

Yollari

AO

90,767

687,621

#### Total

#### 1,553,627

#### United

#### Arab

#### Emirates

#### -

#### 2.7%
Abu

Dhabi

Commercial

Bank

PJSC

204,568

812,034

Abu

Dhabi

Islamic

Bank

PJSC

94,112

558,061

Aldar

Properties

PJSC

235,871

608,782

Emaar

Properties

PJSC

336,819

1,196,702

Emirates

NBD

Bank

PJSC

141,043

933,119

Emirates

Telecommunications

Group

Co.

PJSC

225,499

1,156,657

First

Abu

Dhabi

Bank

PJSC

255,078

1,086,148

#### Total

#### 6,351,503

#### Total

#### Common

#### Stocks

#### (Cost:

#### $205,125,762)

#### 225,813,933

#### Preferred

#### Stocks

#### -

#### 2.1%

#### Issuer

#### Shares

#### Value

#### ($)

#### Brazil

#### -

#### 1.9%
Banco

Bradesco

SA

Preference

Shares

317,757

1,055,501

Itau

Unibanco

Holding

SA

Preference

Shares

266,625

1,956,049

Petroleo

Brasileiro

SA

-

Petrobras

Preference

Shares

239,847

1,416,865

#### Total

#### 4,428,415

#### Colombia

#### -

#### 0.2%
Grupo

Cibest

SA

37,252

485,720

#### Total

#### Preferred

#### Stocks

#### (Cost:

#### $4,370,784)

#### 4,914,135

#### Money

#### Market

#### Funds

#### -

#### 0.7%

#### Issuer

#### Shares

#### Value

#### ($)
Goldman

Sachs

Financial

Square

Funds

—

Treasury

Instruments

Fund,

Institutional

Shares,

3.965%

(g) 1,742,803

1,742,803

#### Total

#### Money

#### Market

#### Funds

#### (Cost:

#### $1,742,803)

#### 1,742,803

#### Total

#### Investments

#### in

#### Securities

#### (Cost:

#### $211,239,349)

#### 232,470,871

#### Other

#### Assets

#### &

#### Liabilities,

#### Net

#### 223,641

#### Net

#### Assets

#### 232,694,512
PORTFOLIO

OF

INVESTMENTS

(continued)

Columbia

Research

Enhanced

Emerging

Economies

ETF

September

30,

2025

(Unaudited)

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Indexed

ETFs

\|

2025

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

(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

September

30,

2025,

the

total

value

of

these

securities

amounted

to

$10,880,058,

which

represents

4.68%

of

total

net

assets.

(c) Represents

fair

value

as

determined

in

good

faith

under

procedures

approved

by

the

Board

of

Trustees.

At

September

30,

2025,

the

value

of

these

securities

amounted

to

$0,

which

represents

less

than

0.01%

of

net

assets.

(d) Valuation

based

on

significant

unobservable

inputs.

(e) 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.

These

securities

are

valued

at

fair

value

determined

in

good

faith

under

consistently

applied

procedures

approved

by

the

Fund's

Board

of

Trustees.

At

September

30,

2025,

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:

(f) As

a

result

of

sanctions

and

restricted

cross-border

payments,

certain

income

and/or

principal

has

not

been

recognized

by

the

Fund.

The

Fund

will

continue

to

monitor

the

net

realizable

value

and

record

the

income

when

it

is

considered

collectible.

(g) The

rate

shown

is

the

seven-day

current

annualized

yield

at

September

30,

2025. #### Abbreviation

#### Legend
ADR

American

Depositary

Receipts

NVDR

Non-Voting

Depository

Receipts

PJSC

Private

Joint

Stock

Company

#### 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.

PORTFOLIO

OF

INVESTMENTS

(continued)

Columbia

Research

Enhanced

Emerging

Economies

ETF

September

30,

2025

(Unaudited)

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Indexed

ETFs

\|

2025

#### Fair

#### Value

#### Measurements
(continued)

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

September

30,

2025:

Level

($)

Level

($)

Level

($)

Total

($)

#### Investments

#### in

#### Securities
Common

Stocks

Brazil

5,224,464

–

–

5,224,464

Chile

717,896

–

–

717,896

China

73,862,598

–

–

73,862,598

Czech

Republic

783,323

–

–

783,323

Egypt

325,644

–

–

325,644

Greece

985,934

–

–

985,934

Hungary

502,813

–

–

502,813

India

32,543,112

–

–

32,543,112

Indonesia

2,542,633

–

–

2,542,633

Kuwait

1,705,396

–

–

1,705,396

Malaysia

3,040,396

–

–

3,040,396

Mexico

4,857,111

–

–

4,857,111

Philippines

573,477

–

–

573,477

Qatar

2,001,390

–

–

2,001,390

Russia

–

–

(a) 0

(a) Saudi

Arabia

6,958,258

–

–

6,958,258

South

Africa

7,299,866

–

–

7,299,866

South

Korea

27,062,945

–

–

27,062,945

Taiwan

43,829,391

–

–

43,829,391

Thailand

3,092,156

–

–

3,092,156

Turkey

1,553,627

–

–

1,553,627

United

Arab

Emirates

6,351,503

–

–

6,351,503

Total

Common

Stocks

225,813,933

–

(a) 225,813,933

Preferred

Stocks

Brazil

4,428,415

–

–

4,428,415

Colombia

485,720

–

–

485,720

Total

Preferred

Stocks

4,914,135

–

–

4,914,135

PORTFOLIO

OF

INVESTMENTS

(continued)

Columbia

Research

Enhanced

Emerging

Economies

ETF

September

30,

2025

(Unaudited)

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Indexed

ETFs

\|

2025

#### Fair

#### Value

#### Measurements
(continued)

Level

($)

Level

($)

Level

($)

Total

($)

Money

Market

Funds

1,742,803

–

–

1,742,803

Total

Investments

in

Securities

232,470,871

–

(a) 232,470,871

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. (a) Rounds

to

zero.

STATEMENT

OF

ASSETS

AND

LIABILITIES

September

30,

2025

(Unaudited)

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Indexed

ETFs

\|

2025

#### Columbia

#### EM

#### Core

#### ex-

#### China

#### ETF

#### Columbia

#### India

#### Consumer

#### ETF

#### Columbia

#### Research

#### Enhanced

#### Emerging

#### Economies

#### ETF

#### Assets
Investments

in

securities,

at

value

Unaffiliated

issuers

(cost

$929,505,484,

$209,781,825

and

$211,239,349,

respectively)

$1,239,086,611

$292,894,798

$232,470,871

Cash

320,942

–

–

Foreign

currency

(cost

$83,367,

$–

and

$55,144,

respectively)

83,262

–

55,075

Receivable

for:

Investments

sold

–

6,456,682

–

Dividends

2,456,916

8,847

390,491

Foreign

tax

reclaims

217,142

–

17,425

Reimbursement

due

from

Investment

Manager

–

–

3,724

Total

assets

1,242,164,873

299,360,327

232,937,586

#### Liabilities
Payable

for:

Capital

shares

redeemed

–

6,485,937

–

Investment

management

fees

160,226

187,419

91,249

Foreign

capital

gains

taxes

deferred

1,092,006

3,959,868

72,935

Accrued

expenses

and

other

liabilities

263,070

–

78,890

Total

liabilities

1,515,302

10,633,224

243,074

#### Net

#### assets

#### applicable

#### to

#### outstanding

#### capital

#### stock

#### $1,240,649,571

#### $288,727,103

#### $232,694,512

#### Represented

#### by:
Paid-in

capital

$995,959,647

$238,482,262

$438,285,159

Total

distributable

earnings

(loss)

244,689,924

50,244,841

(205,590,647)

#### Total

#### —

#### representing

#### net

#### assets

#### applicable

#### to

#### outstanding

#### capital

#### stock

#### $1,240,649,571

#### $288,727,103

#### $232,694,512
Shares

outstanding

34,300,000

4,450,000

8,750,000

Net

asset

value

per

share

$36.17

$64.88

$26.59

STATEMENT

OF

OPERATIONS

Six

Months

Ended

September

30,

2025

(Unaudited)

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Indexed

ETFs

\|

2025

#### Columbia

#### EM

#### Core

#### ex-

#### China

#### ETF

#### Columbia

#### India

#### Consumer

#### ETF

#### Columbia

#### Research

#### Enhanced

#### Emerging

#### Economies

#### ETF

#### Investment

#### Income:
Dividends

-

unaffiliated

issuers

$21,959,086

$2,436,647

$2,260,389

Foreign

taxes

withheld

(3,210,359)

(567,571)

(263,894)

Total

income

18,748,727

1,869,076

1,996,495

Expenses:

Investment

management

fees

928,335

1,169,642

298,620

Total

expenses

928,335

1,169,642

298,620

Fees

waived

by

the

Investment

Manager

and

its

affiliates

–

–

(6,878)

Total

net

expenses

928,335

1,169,642

291,742

#### Net

#### Investment

#### income
17,820,392

699,434

1,704,753

#### Realized

#### and

#### unrealized

#### gain
(loss)

#### —

#### net
Net

realized

gain

(loss)

on:

Investments

-

unaffiliated

issuers

(42,963,791)

(3,716,794)

(256,242)

In-kind

transactions

3,712,110

–

373,866

Foreign

currency

translations

(768,727)

(141,564)

(236,106)

Net

realized

loss

(40,020,408)

(3,858,358)

(118,482)

Change

in

net

unrealized

appreciation

(depreciation)

on:

Investments

-

unaffiliated

issuers

262,755,432

31,136,017

23,091,779

Foreign

capital

gains

tax

(1,278,596)

(3,952,958)

(8,524)

Foreign

currency

translations

34,274

(143) 2,033

Net

change

in

unrealized

appreciation

261,511,110

27,182,916

23,085,288

Net

realized

and

unrealized

gain

221,490,702

23,324,558

22,966,806

#### Net

#### Increase

#### in

#### net

#### assets

#### resulting

#### from

#### operations

#### $239,311,094

#### $24,023,992

#### $24,671,559
STATEMENT

OF

CHANGES

IN

NET

ASSETS

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Indexed

ETFs

\|

2025

,

#### Columbia

#### EM

#### Core

#### ex-China

#### ETF

#### Columbia

#### India

#### Consumer

#### ETF

#### Six

#### Months

#### Ended

#### September

#### 30,

#### 2025
(Unaudited)

#### Year

#### Ended

#### March

#### 31,

#### 2025

#### Six

#### Months

#### Ended

#### September

#### 30,

#### 2025
(Unaudited)

#### Year

#### Ended

#### March

#### 31,

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

investment

income

$17,820,392

$29,555,883

$699,434

$873,790

Net

realized

loss

(40,020,408)

(31,323,205)

(3,858,358)

(13,743,366)

Net

change

in

unrealized

appreciation

(depreciation)

261,511,110

(28,274,798)

27,182,916

(11,213,454)

Net

increase

(decrease)

in

net

assets

resulting

from

operations

239,311,094

(30,042,120)

24,023,992

(24,083,030)

#### Distributions

#### to

#### shareholders
Net

investment

income

and

net

realized

gains

–

(31,015,776)

–

(11,045,759)

#### Shareholder

#### transactions
Proceeds

from

shares

sold

47,288,881

244,556,489

13,183,851

187,078,485

Cost

of

shares

redeemed

(97,024,332)

(76,991,490)

(66,286,033)

(81,850,784)

Net

increase

(decrease)

in

net

assets

resulting

from

shareholder

transactions

(49,735,451)

167,564,999

(53,102,182)

105,227,701

Increase

(decrease)

in

net

assets

189,575,643

106,507,103

(29,078,190)

70,098,912

#### Net

#### Assets:
Net

assets

at

beginning

of

period

1,051,073,928

944,566,825

317,805,293

247,706,381

#### Net

#### assets

#### at

#### end

#### of

#### period
$1,240,649,571

$1,051,073,928

$288,727,103

$317,805,293

#### Capital

#### stock

#### activity
Shares

outstanding,

beginning

of

period

35,700,000

30,500,000

5,300,000

3,900,000

Shares

sold

1,600,000

7,750,000

200,000

2,650,000

Shares

redeemed

(3,000,000)

(2,550,000)

(1,050,000)

(1,250,000)

Shares

outstanding,

end

of

period

34,300,000

35,700,000

4,450,000

5,300,000

(a) Consolidated.

STATEMENT

OF

CHANGES

IN

NET

ASSETS

(continued)

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Indexed

ETFs

\|

2025

#### Columbia

#### Research

#### Enhanced

#### Emerging

#### Economies

#### ETF

#### Six

#### Months

#### Ended

#### September

#### 30,

#### 2025
(Unaudited)

#### Year

#### Ended

#### March

#### 31,

#### 2025

#### Operations
Net

investment

income

$1,704,753

$1,659,654

Net

realized

gain

(loss)

(118,482)

802,751

Net

change

in

unrealized

appreciation

23,085,288

4,659

Net

increase

in

net

assets

resulting

from

operations

24,671,559

2,467,064

#### Distributions

#### to

#### shareholders
Net

investment

income

and

net

realized

gains

–

(700,296)

#### Shareholder

#### transactions
Proceeds

from

shares

sold

128,595,517

45,491,314

Cost

of

shares

redeemed

(7,651,849)

(19,006,192)

Net

increase

in

net

assets

resulting

from

shareholder

transactions

120,943,668

26,485,122

Increase

in

net

assets

145,615,227

28,251,890

#### Net

#### Assets:
Net

assets

at

beginning

of

period

87,079,285

58,827,395

#### Net

#### assets

#### at

#### end

#### of

#### period
$232,694,512

$87,079,285

#### Capital

#### stock

#### activity
Shares

outstanding,

beginning

of

period

4,000,000

2,850,000

Shares

sold

5,100,000

2,050,000

Shares

redeemed

(350,000)

(900,000)

Shares

outstanding,

end

of

period

8,750,000

4,000,000

FINANCIAL

HIGHLIGHTS

Columbia

EM

Core

ex-China

ETF

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Indexed

ETFs

\|

2025

The

following

tables

are

intended

to

help

you

understand

each

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.

Total

Return

at

Market

Price

is

calculated

assuming

an

initial

investment

made

at

the

market

price

at

the

beginning

of

the

period,

reinvestment

of

all

dividends

and

distributions

at

market

price

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.

Through

July

31,

2020,

Market

Price

returns

are

based

on

the

midpoint

of

the

bid/ask

spread

for

Fund

shares

at

market

close

(typically

pm

ET).

Beginning

with

August

31,

2020

month-end

performance,

Market

Price

returns

are

based

on

closing

prices

reported

by

the

Fund's

primary

listing

exchange

(typically

pm

ET

close).

These

returns

do

not

represent

the

returns

an

investor

would

receive

if

shares

were

traded

at

other

times.

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%.

#### Six

#### Months

#### Ended

#### September

#### 30,

#### 2025
(Unaudited)

#### Year

#### Ended

#### March

#### 31,

#### 2025

#### 2024

#### 2023

#### 2022

#### 2021

#### Per

#### share

#### data
Net

asset

value,

beginning

of

period

$29.44

$30.97

$26.96

$30.73

$31.65

$19.09

#### Income
(loss)

#### from

#### investment

#### operations:
Net

investment

income

0.51 0.82 0.80 0.86 0.80 0.68 Net

realized

and

unrealized

gain

(loss)

6.22 (1.53)

3.58 (4.01)

(1.10)

12.37 Total

from

investment

operations

6.73 (0.71)

4.38 (3.15)

(0.30)

13.05 #### Less

#### distributions

#### to

#### shareholders:
Net

investment

income

–

(0.82)

(0.37)

(0.62)

(0.58)

(0.49)

Net

realized

gains

–

–

–

–

(0.04)

–

Total

distribution

to

shareholders

–

(0.82)

(0.37)

(0.62)

(0.62)

(0.49)

#### Net

#### asset

#### value,

#### end

#### of

#### period
$36.17

$29.44

$30.97

$26.96

$30.73

$31.65

Total

Return

at

NAV

22.86%

(2.39)%

16.32%

(10.15)%

(0.96)%

68.56%

Total

Return

at

Market

Price

22.99%

(2.40)%

16.41%

(9.43)%

(1.94)%

69.09%

#### Ratios

#### to

#### average

#### net

#### assets:
Total

gross

expenses

(a) 0.16%

0.16%

(b) 0.16%

(c) 0.16%

(d) 0.16%

(e) 0.16%

Total

net

expenses

(a)(f) 0.16%

0.16%

(b) 0.16%

(c) 0.16%

(d) 0.16%

(e) 0.16%

Net

Investment

income

3.07%

2.61%

2.79%

3.28%

2.53%

2.61%

#### Supplemental

#### data
Net

assets,

end

of

period

(in

thousands)

$1,240,650

$1,051,074

$944,567

$173,900

$95,264

$30,070

Portfolio

turnover

24%

20%

14%

19%

13%

19%

#### 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

ratio

includes

less

than

0.01%

for

the

year

ended

March

31,

2025

attributed

to

overdraft

expense,

which

is

outside

the

Unitary

Fee

(as

defined

in

Note

3).

(c) The

ratio

includes

less

than

0.01%

for

the

year

ended

March

31,

2024

attributed

to

overdraft

expense,

which

is

outside

the

Unitary

Fee

(as

defined

in

Note

3).

(d) The

ratio

includes

less

than

0.01%

for

the

year

ended

March

31,

2023

attributed

to

overdraft

expense,

which

is

outside

the

Unitary

Fee

(as

defined

in

Note

3).

(e) The

ratio

includes

less

than

0.01%

for

the

year

ended

March

31,

2022

attributed

to

overdraft

expense,

which

is

outside

the

Unitary

Fee

(as

defined

in

Note

3).

(f) Total

net

expenses

include

the

impact

of

certain

fee

waivers/expense

reimbursements

made

by

the

Investment

Manager

and

certain

of

its

affiliates,

if

applicable.

FINANCIAL

HIGHLIGHTS

Columbia

India

Consumer

ETF

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Indexed

ETFs

\|

2025

s

#### Six

#### Months

#### Ended

#### September

#### 30,

#### 2025
(Unaudited)

#### Year

#### Ended

#### March

#### 31,

#### 2025
(a) #### 2024
(a) #### 2023
(a) #### 2022
(a) #### 2021
(a) #### Per

#### share

#### data
Net

asset

value,

beginning

of

period

$59.96

$63.51

$44.38

$50.13

$50.85

$30.80

#### Income
(loss)

#### from

#### investment

#### operations:
Net

investment

income

0.14 0.16 0.03 0.12 0.38 0.09 Net

realized

and

unrealized

gain

(loss)

4.78 (1.85)

21.34 (1.07)

2.27 20.12 Total

from

investment

operations

4.92 (1.69)

21.37 (0.95)

2.65 20.21 #### Less

#### distributions

#### to

#### shareholders:
Net

investment

income

–

–

–

(0.11)

(0.08)

(0.16)

Net

realized

gains

–

(1.86)

(2.24)

(4.69)

(3.29)

–

Total

distribution

to

shareholders

–

(1.86)

(2.24)

(4.80)

(3.37)

(0.16)

#### Net

#### asset

#### value,

#### end

#### of

#### period
$64.88

$59.96

$63.51

$44.38

$50.13

$50.85

Total

Return

at

NAV

8.21%

(2.93)%

48.74%

(2.38)%

5.22%

65.67%

Total

Return

at

Market

Price

8.63%

(4.34)%

49.80%

(1.14)%

3.17%

69.58%

#### Ratios

#### to

#### average

#### net

#### assets:
Total

gross

expenses

(b) 0.75%

0.76%

(c)(d) 0.77%

(e) 0.77%

(f) 0.77%

(g) 0.80%

(h) Total

net

expenses

(b)(i)

0.75%

0.75%

(c)(d) 0.75%

(e) 0.75%

(f) 0.75%

(g) 0.75%

(h) Net

Investment

income

0.45%

0.24%

0.06%

0.24%

0.70%

0.22%

#### Supplemental

#### data
Net

assets,

end

of

period

(in

thousands)

$288,727

$317,805

$247,706

$71,007

$77,709

$91,532

Portfolio

turnover

4%

41%

24%

22%

31%

16%

#### 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) The

total

gross

expense

ratio

includes

0.01%

for

the

year

ended

March

31,

2025

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

for

the

year

ended

March

31,

2025. (d) Ratios

include

line

of

credit

interest

expense

which

is

less

than

0.01%

(e) The

total

gross

expense

ratio

includes

0.02%

for

the

year

ended

March

31,

2024

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

for

the

year

ended

March

31,

2024. (f) The

total

gross

expense

ratio

includes

0.02%

for

the

year

ended

March

31,

2023

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

for

the

year

ended

March

31,

2023. (g) The

total

gross

expense

ratio

includes

0.02%

for

the

year

ended

March

31,

2022

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

for

the

year

ended

March

31,

2022. (h) The

total

gross

expense

ratio

includes

0.05%

for

the

year

ended

March

31,

2021

attributed

to

overdraft

expense

and

tax

expense,

which

is

outside

the

Unitary

Fee

(as

defined

in

Note

3).

The

total

net

expense

ratio

includes

less

than

0.01%

for

the

year

ended

March

31,

2021

attributed

to

overdraft

expense.

(i)

Total

net

expenses

include

the

impact

of

certain

fee

waivers/expense

reimbursements

made

by

the

Investment

Manager

and

certain

of

its

affiliates,

if

applicable.

FINANCIAL

HIGHLIGHTS

Columbia

Research

Enhanced

Emerging

Economies

ETF

The

accompanying

Notes

to

Financial

Statements

are

an

integral

part

of

this

statement.

Indexed

ETFs

\|

2025

#### Six

#### Months

#### Ended

#### September

#### 30,

#### 2025
(Unaudited)

#### Year

#### Ended

#### March

#### 31,

#### 2025

#### 2024

#### 2023

#### 2022

#### 2021

#### Per

#### share

#### data
Net

asset

value,

beginning

of

period

$21.77

$20.64

$20.50

$21.33

$27.73

$19.65

#### Income
(loss)

#### from

#### investment

#### operations:
Net

investment

income

0.34 0.52 0.32 0.35 0.33 0.29 Net

realized

and

unrealized

gain

(loss)

4.48 0.77 0.15 (0.77)

(6.47)

7.97 Total

from

investment

operations

4.82 1.29 0.47 (0.42)

(6.14)

8.26 #### Less

#### distributions

#### to

#### shareholders:
Net

investment

income

–

(0.16)

(0.33)

(0.41)

(0.26)

(0.18)

#### Net

#### asset

#### value,

#### end

#### of

#### period
$26.59

$21.77

$20.64

$20.50

$21.33

$27.73

Total

Return

at

NAV

22.14%

6.25%

2.29%

(1.93)%

(22.22)%

42.02%

Total

Return

at

Market

Price

21.71%

6.73%

2.10%

(0.95)%

(23.46)%

43.27%

#### Ratios

#### to

#### average

#### net

#### assets:
Total

gross

expenses

(a) 0.49%

0.54%

(b) 0.49%

(c) 0.49%

(d) 0.53%

(e) 0.59%

(f) Total

net

expenses

(g) 0.48%

0.49%

(b) 0.49%

(c) 0.49%

(a)(d) 0.53%

(a)(e) 0.59%

(a)(f) Net

Investment

income

2.80%

2.41%

1.58%

1.71%

1.28%

1.14%

#### Supplemental

#### data
Net

assets,

end

of

period

(in

thousands)

$232,695

$87,079

$58,827

$85,079

$117,297

$182,999

Portfolio

turnover

15%

150%

34%

25%

31%

40%

#### 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%

for

the

year

ended

March

31,

2025

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

for

the

year

ended

March

31,

2025. (c) The

total

gross

expense

ratio

includes

less

than

0.01%

for

the

year

ended

March

31,

2024

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

for

the

year

ended

March

31,

2024. (d) The

total

gross

expense

ratio

includes

less

than

0.01%

for

the

year

ended

March

31,

2023

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

for

the

year

ended

March

31,

2023. (e) The

total

gross

expense

ratio

includes

less

than

0.01%

for

the

year

ended

March

31,

2022

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

for

the

year

ended

March

31,

2022. (f) The

total

gross

expense

ratio

includes

less

than

0.01%

for

the

year

ended

March

31,

2021

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

for

the

year

ended

March

31,

2021. (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.

NOTES

TO

FINANCIAL

STATEMENTS

September

30,

2025

(Unaudited)

Indexed

ETFs

\|

2025

#### 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.

The

Trust

may

issue

an

unlimited

number

of

shares

(without

par

value).

Information

presented

in

these

financial

statements

pertains

to

the

following

series

of

the

Trust

(each,

a

Fund

and

collectively,

the

Funds):

Columbia

EM

Core

ex-China

ETF,

Columbia

India

Consumer

ETF

and

Columbia

Research

Enhanced

Emerging

Economies

ETF.

Columbia

EM

Core

ex-China

ETF

and

Columbia

India

Consumer

ETF

are

non-

diversified

funds.

At

period

end,

Columbia

Research

Enhanced

Emerging

Economies

ETF

was

operating

as

a

diversified

fund.

Fund

Shares

The

market

prices

of

each

Fund's

shares

may

differ

to

some

degree

from

the

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

of

Consolidation

The

Consolidated

Statement

of

Changes

in

Net

Assets,

and

the

Consolidated

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

(the

Subsidiary)

of

Columbia

India

Consumer

ETF

located

in

the

Republic

of

Mauritius.

All

inter-

company

transactions

and

balances

have

been

eliminated

in

the

consolidation

process.

As

of

the

March

31,

2025,

Columbia

India

Consumer

ETF

has

transitioned

all

of

its

Indian

securities

out

of

the

Subsidiary

and

hold

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

Advisers,

LLC

through

its

Investment

Oversight

Committee

and

Global

Executive

Group,

which

are

responsible

for

assessing

performance

and

making

decisions

about

resource

allocation.

The

CODM

has

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

NOTES

TO

FINANCIAL

STATEMENTS

(continued)

September

30,

2025

(Unaudited)

Indexed

ETFs

\|

2025

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'

Portfolio

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.

Interest

income

is

recorded

on

an

accrual

basis.

NOTES

TO

FINANCIAL

STATEMENTS

(continued)

September

30,

2025

(Unaudited)

Indexed

ETFs

\|

2025

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

Funds

based

upon

relative

net

assets

or

other

expense

allocation

methodologies

determined

by

the

nature

of

the

expense.

Expenses

directly

attributable

to

a

Fund

are

charged

to

that

Fund.

Determination

of

net

asset

value

The

net

asset

value

per

share

of

each

Fund

is

computed

by

dividing

the

value

of

the

net

assets

of

a

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

provisions

are

recorded.

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.

Recent

accounting

pronouncements

and

regulatory

updates

Accounting

Standards

Update

2023-09

Income

Taxes

(Topic

740)

In

December

2023,

the

FASB

issued

Accounting

Standards

Update

No.

2023-09

Income

Taxes

(Topic

740)

Improvements

to

Income

Tax

Disclosures.

The

amendments

were

issued

to

enhance

the

transparency

and

decision

usefulness

of

income

tax

disclosures

primarily

related

to

rate

reconciliation

and

income

taxes

paid

information.

The

amendments

are

effective

for

annual

periods

beginning

after

December

15,

2024,

with

early

adoption

permitted.

Management

expects

that

the

adoption

of

the

amendments

will

not

have

a

material

impact

on

its

financial

statements.

NOTES

TO

FINANCIAL

STATEMENTS

(continued)

September

30,

2025

(Unaudited)

Indexed

ETFs

\|

2025

#### 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.

(Ameriprise

Financial),

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

#### Effective

#### investment

#### management

#### fee

#### rate

#### (%)

#### Fund
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)

September

30,

2025

(Unaudited)

Indexed

ETFs

\|

2025

and

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

September

30,

2025,

the

approximate

cost

of

all

investments

for

federal

income

tax

purposes

and

the

aggregate

gross

approximate

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,

2025,

may

be

available

to

reduce

future

net

realized

gains

on

investments,

if

any,

to

the

extent

permitted

by

the

Internal

Revenue

Code.

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.

The

Funds

will

elect

to

treat

the

following

late-year

ordinary

losses

and

post-October

capital

losses

at

March

31,

2025

as

arising

on

April

1,

2025. 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

#### 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

#### Federal

#### Tax

#### cost

#### ($)

#### Gross

#### unrealized

#### appreciation

#### ($)

#### Gross

#### unrealized

#### depreciation

#### ($)

#### Net

#### unrealized

#### appreciation
(depreciation)

#### ($)
Columbia

EM

Core

ex-China

ETF

929,505,484

336,968,626

(27,387,499)

309,581,127

Columbia

India

Consumer

ETF

209,781,825

86,465,269

(3,352,296)

83,112,973

Columbia

Research

Enhanced

Emerging

Economies

ETF

211,239,349

28,922,514

(7,690,992)

21,231,522

#### Fund

#### No

#### expiration

#### short-

#### term

#### ($)

#### No

#### expiration

#### long-

#### term

#### ($)

#### Total

#### ($)
Columbia

EM

Core

ex-China

ETF

(12,050,660)

(25,723,438)

(37,774,098)

Columbia

India

Consumer

ETF

-

-

-

Columbia

Research

Enhanced

Emerging

Economies

ETF

(6,963,411)

(220,613,595)

(227,577,006)

#### Fund

#### Late

#### year

#### ordinary

#### losses

#### ($)

#### Post-October

#### capital

#### losses

#### ($)
Columbia

EM

Core

ex-China

ETF

-

-

Columbia

India

Consumer

ETF

7,264,826

13,692,866

Columbia

Research

Enhanced

Emerging

Economies

ETF

-

-

NOTES

TO

FINANCIAL

STATEMENTS

(continued)

September

30,

2025

(Unaudited)

Indexed

ETFs

\|

2025

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

six

months

ended

September

30,

2025,

were

as

follows:

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

six

months

ended

September

30,

2025,

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

six

months

ended

September

30,

2025,

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

six

months

ended

September

30,

2025. #### Fund

#### Purchases

#### ($)

#### Proceeds

#### from

#### sales

#### ($)
Columbia

EM

Core

ex-China

ETF

272,081,819

297,232,714

Columbia

India

Consumer

ETF

12,815,832

66,024,574

Columbia

Research

Enhanced

Emerging

Economies

ETF

99,429,238

19,309,127

#### Fund

#### Contributions

#### ($)
Columbia

EM

Core

ex-China

ETF

10,787,930

Columbia

India

Consumer

ETF

-

Columbia

Research

Enhanced

Emerging

Economies

ETF

43,301,518

#### Fund

#### Cost

#### basis

#### ($)

#### Proceeds

#### from

#### sales

#### ($)

#### Net

#### realized

#### gain
(loss)

#### ($)
Columbia

EM

Core

ex-China

ETF

9,311,282

13,023,392

3,712,110

Columbia

India

Consumer

ETF

-

-

-

Columbia

Research

Enhanced

Emerging

Economies

ETF

1,828,408

2,202,274

373,866

NOTES

TO

FINANCIAL

STATEMENTS

(continued)

September

30,

2025

(Unaudited)

Indexed

ETFs

\|

2025

#### Note
8. #### Risks

#### and

#### uncertainties
An

investment

in

the

Fund

involves

risks,

including

market

risk

and

concentration

risk,

among

others.

The

value

of

the

Fund's

holdings

and

the

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.

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

the

Fund

concentrates

its

investment

in

particular

issuers,

countries,

geographic

regions,

industries

or

sectors,

the

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

the

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.

Other

than

as

noted

below,

there

were

no

items

requiring

adjustment

of

the

financial

statements

or

additional

disclosure.

The

Board

of

Trustees

of

the

Funds

approved

a

custody

agreement

with

State

Street

Bank

and

Trust

Company

(State

Street).

The

transition

of

custody

services

to

State

Street

is

expected

to

be

completed

by

December,

2026. In

addition,

the

Board

approved

the

engagement

by

the

Investment

Manager

of

State

Street

as

sub-administrator.

In

such

capacity,

and

subject

to

the

supervision

and

direction

of

the

Investment

Manager,

State

Street

will

provide

certain

sub-

administration

services

to

the

Funds,

including

fund

accounting

and

financial

reporting

services.

#### 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

NOTES

TO

FINANCIAL

STATEMENTS

(continued)

September

30,

2025

(Unaudited)

Indexed

ETFs

\|

2025

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.

APPROVAL

OF

INVESTMENT

MANAGEMENT

SERVICES

AGREEMENT

(Unaudited)

Indexed

ETFs

\|

2024

Columbia

Management

Investment

Advisers,

LLC

(the

Investment

Manager,

and

together

with

its

domestic

and

global

affiliates,

Columbia

Threadneedle

Investments),

a

wholly-owned

subsidiary

of

Ameriprise

Financial,

Inc.

(Ameriprise

Financial),

serves

as

the

investment

manager

to

Columbia

EM

Core

ex-China

ETF,

Columbia

Research

Enhanced

Emerging

Economies

ETF,

and

Columbia

India

Consumer

ETF

(the

Funds).

Under

an

investment

management

services

agreement

(the

IMS

Agreement),

the

Investment

Manager

provides

investment

advice

and

other

services

to

the

Funds

and

other

funds

in

the

Columbia

Fund

family

(collectively,

the

Columbia

Funds).

On

an

annual

basis,

the

Funds'

Board

of

Trustees

(the

Board),

including

the

independent

Board

members

(the

Independent

Trustees),

considers

renewal

of

the

IMS

Agreement.

The

Investment

Manager

prepared

detailed

reports

for

the

Board

and

its

Contracts

Committee

(including

its

Contracts

Subcommittee)

in

March,

April

and

June

2025,

including

reports

providing

the

results

of

analyses

performed

by

a

third-party

data

provider,

Broadridge

Financial

Solutions,

Inc.

(Broadridge),

and

comprehensive

responses

by

the

Investment

Manager

to

written

requests

for

information

by

independent

legal

counsel

to

the

Independent

Trustees

(Independent

Legal

Counsel),

to

assist

the

Board

in

making

this

determination.

In

addition,

throughout

the

year,

the

Board

(or

its

committees

or

subcommittees)

regularly

meets

with

portfolio

management

teams

and

senior

management

personnel

and

reviews

information

prepared

by

the

Investment

Manager

addressing

the

services

the

Investment

Manager

provides

and

Fund

performance.

The

Board

also

accords

appropriate

weight

to

the

work,

deliberations

and

conclusions

of

the

various

committees

(including

their

subcommittees),

such

as

the

Contracts

Committee,

the

Investment

Review

Committee,

the

Audit

Committee

and

the

Compliance

Committee

in

determining

whether

to

continue

the

IMS

Agreement.

The

Board,

at

its

June

26,

2025

Board

meeting

(the

June

Meeting),

considered

the

renewal

of

the

IMS

Agreement

for

each

Fund

for

an

additional

one-year

term.

At

the

June

Meeting,

Independent

Legal

Counsel

reviewed

with

the

Independent

Trustees

various

factors

relevant

to

the

Board's

consideration

of

advisory

agreements

and

the

Board's

legal

responsibilities

related

to

such

consideration.

The

Independent

Trustees

considered

such

information

as

they,

their

legal

counsel

or

the

Investment

Manager

believed

reasonably

necessary

to

evaluate

and

to

approve

the

continuation

of

the

IMS

Agreement.

Among

other

things,

the

information

and

factors

considered

included

the

following:

Information

on

the

investment

performance

of

the

Funds

relative

to

the

performance

of

a

group

of

funds

determined

to

be

comparable

to

the

Funds

by

Broadridge,

as

well

as

performance

relative

to

one

or

more

benchmarks;

Information

on

the

Funds'

management

fees

and

total

expenses,

including

information

comparing

the

Funds'

expenses

to

those

of

a

group

of

comparable

funds,

as

determined

by

Broadridge;

The

Investment

Manager's

agreement

to

contractually

limit

or

cap

total

operating

expenses

for

Columbia

Research

Enhanced

Emerging

Markets

Economies

ETF

and

Columbia

India

Consumer

ETF

so

that

total

operating

expenses

(excluding

certain

fees

and

expenses,

such

as

interest,

infrequent

and/or

unusual

expenses,

and,

for

Columbia

India

Consumer

ETF

only,

acquired

fund

fees

and

expenses)

would

not

exceed

a

specified

annual

rate,

as

a

percentage

of

the

Funds'

net

assets;

Terms

of

the

IMS

Agreement;

Descriptions

of

various

services

performed

by

the

Investment

Manager

under

the

IMS

Agreement,

including

portfolio

management

and

portfolio

trading

practices;

Information

regarding

any

recently

negotiated

management

fees

of

similarly-managed

portfolios

of

other

institutional

clients

of

the

Investment

Manager;

Information

regarding

the

resources

of

the

Investment

Manager,

including

information

regarding

senior

management,

portfolio

managers

and

other

personnel;

Information

regarding

the

capabilities

of

the

Investment

Manager

with

respect

to

compliance

monitoring

services;

and

APPROVAL

OF

INVESTMENT

MANAGEMENT

SERVICES

AGREEMENT

(continued)

(Unaudited)

Indexed

ETFs

\|

2024

The

profitability

to

the

Investment

Manager

and

its

affiliates

from

their

relationships

with

the

Funds.

Following

an

analysis

and

discussion

of

the

foregoing,

and

the

factors

identified

below,

the

Board,

including

all

of

the

Independent

Trustees,

approved

the

renewal

of

the

IMS

Agreement.

Nature,

extent

and

quality

of

services

provided

by

the

Investment

Manager

The

Board

analyzed

various

reports

and

presentations

it

had

received

detailing

the

services

performed

by

the

Investment

Manager,

as

well

as

its

history,

expertise,

resources

and

relative

capabilities,

and

the

qualifications

of

its

personnel.

The

Board

specifically

considered

the

many

developments

during

recent

years

concerning

the

services

provided

by

the

Investment

Manager.

Among

other

things,

the

Board

noted

the

organization

and

depth

of

the

equity

and

credit

research

departments.

The

Board

further

observed

the

enhancements

to

the

investment

risk

management

department's

processes,

systems

and

oversight

over

the

past

several

years.

The

Board

also

took

into

account

the

broad

scope

of

services

provided

by

the

Investment

Manager

to

the

Funds,

including,

among

other

services,

investment,

risk

and

compliance

oversight.

The

Board

also

took

into

account

the

information

it

received

concerning

the

Investment

Manager's

ability

to

attract

and

retain

key

portfolio

management

personnel

and

that

it

has

sufficient

resources

to

provide

competitive

and

adequate

compensation

to

investment

personnel.

The

Board

also

considered

the

oversight

of

the

administrative

and

transfer

agency

services

provided

by

The

Bank

of

New

York

Mellon

(BNYM).

The

Board

observed

that

the

Investment

Manager

currently

oversees

the

relationship

with

BNYM,

as

BNYM

also

provides

administrative

and

transfer

agency

services

to

certain

existing

funds

under

substantially

identical

agreements.

In

evaluating

the

quality

of

services

provided

under

the

IMS

Agreement,

the

Board

also

took

into

account

the

organization

and

strength

of

the

Funds'

and

their

service

providers'

compliance

programs.

The

Board

also

reviewed

the

financial

condition

of

the

Investment

Manager

and

its

affiliates

and

each

entity's

ability

to

carry

out

its

responsibilities

under

the

IMS

Agreement

and

the

Funds'

other

service

agreements.

In

addition,

the

Board

discussed

the

acceptability

of

the

terms

of

the

IMS

Agreement,

noting

that

no

changes

were

proposed

from

the

form

of

agreement

previously

approved.

The

Board

also

noted

the

wide

array

of

legal

and

compliance

services

provided

to

the

Funds

under

the

IMS

Agreement.

After

reviewing

these

and

related

factors

(including

investment

performance

as

discussed

below),

the

Board

concluded,

within

the

context

of

their

overall

conclusions,

that

the

nature,

extent

and

quality

of

the

services

provided

to

the

Funds

under

the

IMS

Agreement

supported

the

continuation

of

the

IMS

Agreement.

Investment

performance

The

Board

carefully

reviewed

the

investment

performance

of

the

Funds,

including

detailed

reports

providing

the

results

of

analyses

performed

by

the

Investment

Manager

and

Broadridge

collectively

showing,

for

various

periods

(including

since

manager

inception):

(i) the

performance

of

the

Funds,

(ii) the

Funds'

performance

relative

to

peers

and

benchmarks,

(iii) the

net

assets

of

the

Funds

and

(iv) index

tracking

error

data

of

each

Fund.

The

Board

observed

that

each

Fund's

tracking

error

versus

its

performance

was

within

the

range

of

management's

expectations.

The

Board

also

reviewed

a

description

of

the

third-party

data

provider's

methodology

for

identifying

the

Funds'

peer

groups

for

purposes

of

performance

and

expense

comparisons.

The

Board

also

considered

the

Investment

Manager's

performance

and

reputation

generally.

After

reviewing

these

and

related

factors,

the

Board

concluded,

within

the

context

of

their

overall

conclusions,

that

the

performance

of

the

Funds

and

the

Investment

Manager,

in

light

of

other

considerations,

supported

the

continuation

of

the

IMS

Agreement.

APPROVAL

OF

INVESTMENT

MANAGEMENT

SERVICES

AGREEMENT

(continued)

(Unaudited)

Indexed

ETFs

\|

2024

Comparative

fees,

costs

of

services

provided

and

the

profits

realized

by

the

Investment

Manager

and

its

affiliates

from

their

relationships

with

the

Funds

The

Board

reviewed

comparative

fees

and

the

costs

of

services

provided

under

the

IMS

Agreement.

The

Board

considered

the

unitary

fee

structure

utilized

by

each

Fund,

observing

that

many

of

the

competitors

of

the

Funds

have

adopted

similar

unitary

fee

structures,

as

well

as

data

showing

the

Funds'

contribution

to

the

Investment

Manager's

profitability.

The

Board

accorded

particular

weight

to

the

notion

that

a

primary

objective

of

the

level

of

fees

is

to

achieve

a

rational

pricing

model

applied

consistently

across

the

various

product

lines

in

the

Fund

family,

while

assuring

that

the

overall

fees

for

each

Columbia

Fund

(with

certain

exceptions)

are

generally

in

line

with

the

current

"pricing

philosophy"

such

that

Fund

total

expense

ratios,

in

general,

approximate

or

are

lower

than

the

median

expense

ratios

of

funds

in

the

same

Lipper

comparison

universe.

The

Board

took

into

account

that

Columbia

EM

Core

ex-China

ETF's

total

expense

ratio

was

below

the

peer

universe's

median

expense

ratio

shown

in

the

reports

and

that

the

total

expense

ratio

for

each

of

Columbia

Research

Enhanced

Emerging

Economies

ETF

and

Columbia

India

Consumer

ETF

(after

considering

proposed

expense

caps/waivers)

approximated

its

respective

peer

universe's

median

expense

ratio.

After

reviewing

these

and

related

factors,

the

Board

concluded,

within

the

context

of

their

overall

conclusions,

that

the

levels

of

management

fees

and

expenses

of

the

Funds,

in

light

of

other

considerations,

supported

the

continuation

of

the

IMS

Agreement.

The

Board

also

considered

the

profitability

of

the

Investment

Manager

and

its

affiliates

in

connection

with

the

Investment

Manager

providing

management

services

to

the

Funds.

With

respect

to

the

profitability

of

the

Investment

Manager

and

its

affiliates,

the

Independent

Trustees

referred

to

information

discussing

the

profitability

to

the

Investment

Manager

and

Ameriprise

Financial

from

managing

the

Columbia

Funds.

The

Board

considered

that

the

profitability

generated

by

the

Investment

Manager

in

2024

had

increased

from

2023

levels

due

to

a

variety

of

factors,

including

the

increased

assets

under

management

of

the

Funds.

It

also

took

into

account

the

indirect

economic

benefits

flowing

to

the

Investment

Manager

or

its

affiliates

in

connection

with

managing

the

Columbia

Funds,

such

as

the

enhanced

ability

to

offer

various

other

financial

products

to

Ameriprise

Financial

customers,

soft

dollar

benefits

and

overall

reputational

advantages.

The

Board

noted

that

the

fees

paid

by

the

Funds

should

permit

the

Investment

Manager

to

offer

competitive

compensation

to

its

personnel,

make

necessary

investments

in

its

business

and

earn

an

appropriate

profit.

After

reviewing

these

and

related

factors,

the

Board

concluded,

within

the

context

of

their

overall

conclusions,

that

the

costs

of

services

provided

and

the

profitability

to

the

Investment

Manager

and

its

affiliates

from

their

relationships

with

the

Funds

supported

the

continuation

of

the

IMS

Agreement.

Economies

of

scale

The

Board

considered

that

the

IMS

Agreement

for

each

Fund

provides

for

a

unitary

fee

level

that

does

not

include

pre-

established

breakpoints,

and

management's

observation

that

ETF

fee

structures

often

do

not

include

breakpoints

due

to

the

more

volatile

nature

of

their

inflows/outflows.

Conclusion

The

Board

reviewed

all

of

the

above

considerations

in

reaching

its

decision

to

approve

the

continuation

of

the

IMS

Agreement

for

each

Fund.

In

reaching

its

conclusions,

no

single

factor

was

determinative.

On

June

26,

2025,

the

Board,

including

all

of

the

Independent

Trustees,

determined

that

fees

payable

under

the

IMS

Agreement

for

each

Fund

were

fair

and

reasonable

in

light

of

the

extent

and

quality

of

services

provided

and

approved

the

renewal

of

the

IMS

Agreement

for

each

Fund.

Columbia

ETF

Trust

II

Congress

Street

Boston,

MA,

02210

SAR279_03_R01_(11/25)

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.©

2025

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.
Statement regarding basis for approval of Investment Advisory Contract is included in Item 7 of this Form N-CSR.

#### 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.

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#### 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.

#### 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) Not applicable.

(a)(2) [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.](d85748dex99cert.htm)

(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.](d85748dex99906cert.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.

---

| | |
|:---|:---|
| (registrant) | <u>Columbia ETF Trust II</u> |
| By (Signature and Title) | /s/ Michael G. Clarke |
|  | Michael G. Clarke, President and Principal Executive Officer |
| Date | November 21, 2025 |

---

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 (Signature and Title) | /s/ Michael G. Clarke |
|  | Michael G. Clarke, President and Principal Executive Officer |
| Date | November 21, 2025 |
| By (Signature and Title) | /s/ Charles H. Chiesa |
|  | Charles H. Chiesa, Chief Financial Officer and Principal Financial Officer |
| Date | November 21, 2025 |
| By (Signature and Title) | /s/ Marybeth Pilat |
|  | Marybeth Pilat, Treasurer, Chief Accounting Officer and Principal Financial Officer |
| Date | November 21, 2025 |

---

## Ex-99.Cert

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;&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;&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;&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;&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;&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;&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.

---

| | |
|:---|:---|
| Date: November 21, 2025 | /s/ Michael G. Clarke |
|  | Michael G. Clarke, President and Principal Executive Officer |

---

------

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;&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;&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;&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;&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;&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;&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.

---

| | |
|:---|:---|
| Date: November 21, 2025 | /s/ Charles H. Chiesa |
|  | Charles H. Chiesa, Chief Financial Officer and Principal Financial Officer |

---

------

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;&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;&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;&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;&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;&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;&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.

---

| | |
|:---|:---|
| Date: November 21, 2025 | /s/ Marybeth Pilat |
|  | Marybeth Pilat, Treasurer, Chief Accounting Officer and Principal Financial Officer |

---

## Exhibit 99.906

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 September 30, 2025 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.

---

| | |
|:---|:---|
| Date: November 21, 2025 | /s/ Michael G. Clarke |
|  | Michael G. Clarke, President and Principal Executive Officer |
| Date: November 21, 2025 | /s/ Charles H. Chiesa |
|  | Charles H. Chiesa, Chief Financial Officer and Principal Financial Officer |
| Date: November 21, 2025 | /s/ Marybeth Pilat |
|  | Marybeth Pilat, Treasurer, Chief Accounting Officer and Principal Financial Officer |

---

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.