Not
FDIC
or
NCUA
Insured
No
Financial
Institution
Guarantee
May
Lose
Value
Columbia
Short
Duration
High
Yield
ETF
Columbia
U.S.
High
Yield
ETF
FIRST
QUARTER
REPORT
June
30,
2025
(Unaudited)
PORTFOLIO
OF
INVESTMENTS
Columbia
Short
Duration
High
Yield
ETF
June
30,
2025
(Unaudited)
(Percentages
represent
value
of
investments
compared
to
net
assets)
Investments
in
Securities
2
Columbia
Short
Duration
High
Yield
ETF
|
2025
Corporate
Bonds
96.7%
Issue
Description
Principal
Amount
($)
Value
($)
Aerospace
&
Defense
2.3%
Axon
Enterprise,
Inc.
6.125%,
03/15/30
(a)
96,000
98,760
TransDigm
,
Inc.
4.625%,
01/15/29
253,000
248,182
4.875%,
05/01/29
767,000
752,925
6.375%,
03/01/29
(a)
964,000
991,288
6.750%,
08/15/28
(a)
192,000
196,096
Total
2,287,251
Airlines
1.7%
Air
Canada
3.875%,
08/15/26
(a)
200,000
198,052
American
Airlines,
Inc.
8.500%,
05/15/29
(a)
526,000
551,153
American
Airlines,
Inc./
AAdvantage
Loyalty
IP
Ltd.
5.500%,
04/20/26
(a)
33,000
32,993
5.750%,
04/20/29
(a)
332,000
332,775
United
Airlines,
Inc.
4.375%,
04/15/26
(a)
200,000
198,578
4.625%,
04/15/29
(a)
416,000
403,917
Total
1,717,468
Automotive
2.0%
Clarios
Global
LP
/
Clarios
US
Finance
Co.
6.750%,
05/15/28
(a)
341,000
350,053
6.750%,
02/15/30
(a)
288,000
299,474
IHO
Verwaltungs
GMBH
6.375%,
05/15/29
(a),(b)
554,000
554,475
ZF
North
America
Capital,
Inc.
6.750%,
04/23/30
(a)
260,000
250,362
6.875%,
04/14/28
(a)
599,000
600,318
Total
2,054,682
Brokerage/Asset
Managers/Exchanges
0.5%
AG
Issuer
LLC
6.250%,
03/01/28
(a)
243,000
243,598
AG
TTMT
Escrow
Issuer
LLC
8.625%,
09/30/27
(a)
78,000
80,815
Aretec
Group,
Inc.
7.500%,
04/01/29
(a)
148,000
149,773
Total
474,186
Building
Materials
2.7%
American
Builders
&
Contractors
Supply
Co.,
Inc.
3.875%,
11/15/29
(a)
320,000
303,174
4.000%,
01/15/28
(a)
203,000
198,531
Interface,
Inc.
5.500%,
12/01/28
(a)
354,000
348,631
James
Hardie
International
Finance
DAC
5.000%,
01/15/28
(a)
747,000
743,570
Standard
Industries,
Inc.
4.750%,
01/15/28
(a)
498,000
492,764
5.000%,
02/15/27
(a)
296,000
295,107
White
Cap
Buyer
LLC
6.875%,
10/15/28
(a)
351,000
350,392
Total
2,732,169
Cable
and
Satellite
4.4%
CCO
Holdings
LLC
/
CCO
Holdings
Capital
Corp.
5.000%,
02/01/28
(a)
997,000
987,895
5.125%,
05/01/27
(a)
200,000
199,317
5.375%,
06/01/29
(a)
506,000
504,072
DISH
Network
Corp.
11.750%,
11/15/27
(a)
958,000
986,352
Corporate
Bonds
(continued)
Issue
Description
Principal
Amount
($)
Value
($)
EchoStar
Corp.
Series
.,
10.750%,
11/30/29
167,844
172,559
Sirius
XM
Radio,
Inc.
4.000%,
07/15/28
(a)
517,000
496,512
5.000%,
08/01/27
(a)
396,000
392,624
Virgin
Media
Secured
Finance
PLC
5.500%,
05/15/29
(a)
407,000
400,281
Ziggo
BV
4.875%,
01/15/30
(a)
325,000
303,550
Total
4,443,162
Chemicals
3.9%
Axalta
Coating
Systems
LLC
/
Axalta
Coating
Systems
Dutch
Holding
B
BV
4.750%,
06/15/27
(a)
148,000
147,036
Celanese
US
Holdings
LLC
6.500%,
04/15/30
341,000
348,870
Element
Solutions,
Inc.
3.875%,
09/01/28
(a)
155,000
149,947
HB
Fuller
Co.
4.250%,
10/15/28
416,000
402,452
INEOS
Finance
PLC
6.750%,
05/15/28
(a)
305,000
302,800
7.500%,
04/15/29
(a)
250,000
250,726
INEOS
Quattro
Finance
2
PLC
9.625%,
03/15/29
(a)
497,000
503,434
Ingevity
Corp.
3.875%,
11/01/28
(a)
317,000
302,072
Olympus
Water
US
Holding
Corp.
4.250%,
10/01/28
(a)
419,000
398,772
9.750%,
11/15/28
(a)
374,000
393,802
SNF
Group
SACA
3.125%,
03/15/27
(a)
75,000
72,730
WR
Grace
Holdings
LLC
4.875%,
06/15/27
(a)
346,000
343,341
5.625%,
08/15/29
(a)
333,000
301,457
Total
3,917,439
Construction
Machinery
2.2%
Herc
Holdings,
Inc.
5.500%,
07/15/27
(a)
393,000
392,842
6.625%,
06/15/29
(a)
524,000
537,897
7.000%,
06/15/30
(a)
532,000
557,002
RB
Global
Holdings,
Inc.
6.750%,
03/15/28
(a)
673,000
690,552
Total
2,178,293
Consumer
Cyclical
Services
2.5%
Allied
Universal
Holdco
LLC/Allied
Universal
Finance
Corp./Atlas
Luxco
4
Sarl
4.625%,
06/01/28
(a)
156,000
151,340
Arches
Buyer,
Inc.
4.250%,
06/01/28
(a)
685,000
655,755
ASGN,
Inc.
4.625%,
05/15/28
(a)
652,000
636,174
Match
Group
Holdings
II
LLC
4.625%,
06/01/28
(a)
420,000
409,640
5.625%,
02/15/29
(a)
394,000
391,007
Prime
Security
Services
Borrower
LLC
/
Prime
Finance,
Inc.
6.250%,
01/15/28
(a)
292,000
292,669
Total
2,536,585
Consumer
Products
1.4%
Acushnet
Co.
7.375%,
10/15/28
(a)
95,000
99,075
PORTFOLIO
OF
INVESTMENTS
(continued)
Columbia
Short
Duration
High
Yield
ETF
June
30,
2025
(Unaudited)
Columbia
Short
Duration
High
Yield
ETF
|
2025
3
Corporate
Bonds
(continued)
Issue
Description
Principal
Amount
($)
Value
($)
CD&R
Smokey
Buyer,
Inc.
/
Radio
Systems
Corp.
9.500%,
10/15/29
(a)
352,000
288,660
Newell
Brands,
Inc.
6.375%,
09/15/27
246,000
249,217
6.625%,
09/15/29
102,000
101,024
Prestige
Brands,
Inc.
5.125%,
01/15/28
(a)
442,000
438,983
Scotts
Miracle-
Gro
Co.
(The)
4.500%,
10/15/29
156,000
150,832
5.250%,
12/15/26
50,000
49,949
Whirlpool
Corp.
6.125%,
06/15/30
79,000
79,731
Total
1,457,471
Diversified
Manufacturing
2.7%
BWX
Technologies,
Inc.
4.125%,
06/30/28
(a)
28,000
27,377
Esab
Corp.
6.250%,
04/15/29
(a)
194,000
198,699
Gates
Corp.
6.875%,
07/01/29
(a)
519,000
538,864
Madison
IAQ
LLC
5.875%,
06/30/29
(a)
250,000
245,662
Resideo
Funding,
Inc.
4.000%,
09/01/29
(a)
318,000
300,572
TK
Elevator
Holdco
GmbH
7.625%,
07/15/28
(a)
50,000
50,042
TK
Elevator
US
Newco
,
Inc.
5.250%,
07/15/27
(a)
640,000
638,378
WESCO
Distribution,
Inc.
6.375%,
03/15/29
(a)
626,000
644,544
7.250%,
06/15/28
(a)
39,000
39,462
Total
2,683,600
Electric
5.4%
Atlantica
Sustainable
Infrastructure
Ltd.
4.125%,
06/15/28
(a)
255,000
244,261
Clearway
Energy
Operating
LLC
4.750%,
03/15/28
(a)
1,362,000
1,344,444
NRG
Energy,
Inc.
3.375%,
02/15/29
(a)
211,000
199,109
5.750%,
01/15/28
125,000
125,637
5.750%,
07/15/29
(a)
333,000
333,423
Pattern
Energy
Operations
LP
/
Pattern
Energy
Operations,
Inc.
4.500%,
08/15/28
(a)
256,000
247,827
TerraForm
Power
Operating
LLC
4.750%,
01/15/30
(a)
437,000
418,534
5.000%,
01/31/28
(a)
503,000
497,833
Vistra
Operations
Co.
LLC
4.375%,
05/01/29
(a)
307,000
299,143
5.000%,
07/31/27
(a)
344,000
343,513
5.625%,
02/15/27
(a)
125,000
124,955
XPLR
Infrastructure
Operating
Partners
LP
3.875%,
10/15/26
(a)
305,000
297,776
4.500%,
09/15/27
(a)
408,000
397,794
7.250%,
01/15/29
(a)
606,000
621,283
Total
5,495,532
Finance
Companies
6.3%
GGAM
Finance
Ltd.
5.875%,
03/15/30
(a)
395,000
397,379
6.875%,
04/15/29
(a)
338,000
349,308
8.000%,
06/15/28
(a)
457,000
483,468
8.000%,
02/15/27
(a)
257,000
265,225
Corporate
Bonds
(continued)
Issue
Description
Principal
Amount
($)
Value
($)
Navient
Corp.
4.875%,
03/15/28
343,000
337,905
5.500%,
03/15/29
100,000
97,963
6.750%,
06/15/26
50,000
50,618
OneMain
Finance
Corp.
3.500%,
01/15/27
50,000
48,939
3.875%,
09/15/28
452,000
433,075
6.625%,
05/15/29
835,000
858,697
Provident
Funding
Associates
LP
/
PFG
Finance
Corp.
9.750%,
09/15/29
(a)
452,000
475,301
Rocket
Cos.,
Inc.
6.125%,
08/01/30
(a)
199,000
202,795
Rocket
Mortgage
LLC
/
Rocket
Mortgage
Co.-Issuer,
Inc.
2.875%,
10/15/26
(a)
441,000
430,252
3.625%,
03/01/29
(a)
528,000
501,906
United
Wholesale
Mortgage
LLC
5.500%,
11/15/25
(a)
138,000
137,917
5.500%,
04/15/29
(a)
526,000
511,146
5.750%,
06/15/27
(a)
491,000
489,797
UWM
Holdings
LLC
6.625%,
02/01/30
(a)
343,000
343,451
Total
6,415,142
Food
and
Beverage
2.2%
Darling
Ingredients,
Inc.
5.250%,
04/15/27
(a)
398,000
397,631
Post
Holdings,
Inc.
4.625%,
04/15/30
(a)
262,000
252,010
5.500%,
12/15/29
(a)
246,000
245,023
Primo
Water
Holdings,
Inc.
/
Triton
Water
Holdings,
Inc.
4.375%,
04/30/29
(a)
155,000
150,323
6.250%,
04/01/29
(a)
541,000
545,032
US
Foods,
Inc.
4.750%,
02/15/29
(a)
301,000
296,071
6.875%,
09/15/28
(a)
286,000
295,760
Total
2,181,850
Foreign
Government
Obligations
0.9%
CCO
Holdings
LLC
/
CCO
Holdings
Capital
Corp.
4.750%,
03/01/30
(a)
514,000
498,199
NOVA
Chemicals
Corp.
4.250%,
05/15/29
(a)
250,000
240,510
5.250%,
06/01/27
(a)
50,000
49,740
8.500%,
11/15/28
(a)
150,000
158,422
Total
946,871
Gaming
2.1%
Caesars
Entertainment,
Inc.
4.625%,
10/15/29
(a)
530,000
505,868
7.000%,
02/15/30
(a)
286,000
296,324
Churchill
Downs,
Inc.
4.750%,
01/15/28
(a)
200,000
197,439
5.500%,
04/01/27
(a)
297,000
296,412
Light
&
Wonder
International,
Inc.
7.000%,
05/15/28
(a)
131,000
131,274
7.250%,
11/15/29
(a)
309,000
318,283
Penn
Entertainment,
Inc.
4.125%,
07/01/29
(a)
273,000
253,019
Scientific
Games
Holdings
LP/Scientific
Games
US
Finco
,
Inc.
6.625%,
03/01/30
(a)
155,000
149,316
Total
2,147,935
Health
Care
6.0%
Acadia
Healthcare
Co.,
Inc.
5.000%,
04/15/29
(a)
722,000
700,085
PORTFOLIO
OF
INVESTMENTS
(continued)
Columbia
Short
Duration
High
Yield
ETF
June
30,
2025
(Unaudited)
4
Columbia
Short
Duration
High
Yield
ETF
|
2025
Corporate
Bonds
(continued)
Issue
Description
Principal
Amount
($)
Value
($)
5.500%,
07/01/28
(a)
266,000
264,337
Avantor
Funding,
Inc.
4.625%,
07/15/28
(a)
553,000
543,145
Bausch
+
Lomb
Corp.
8.375%,
10/01/28
(a)
170,000
177,606
Charles
River
Laboratories
International,
Inc.
3.750%,
03/15/29
(a)
298,000
279,564
4.250%,
05/01/28
(a)
124,000
120,286
CHS/Community
Health
Systems,
Inc.
5.625%,
03/15/27
(a)
548,000
539,292
IQVIA,
Inc.
5.000%,
10/15/26
(a)
100,000
99,805
6.500%,
05/15/30
(a)
195,000
200,887
Medline
Borrower
LP
3.875%,
04/01/29
(a)
314,000
301,484
5.250%,
10/01/29
(a)
1,010,000
1,002,222
Medline
Borrower
LP/Medline
Co.-Issuer,
Inc.
6.250%,
04/01/29
(a)
291,000
298,760
Teleflex,
Inc.
4.625%,
11/15/27
202,000
199,988
Tenet
Healthcare
Corp.
4.625%,
06/15/28
248,000
244,784
5.125%,
11/01/27
747,000
745,516
6.125%,
10/01/28
138,000
138,172
6.125%,
06/15/30
249,000
253,322
Total
6,109,255
Home
Construction
0.3%
Taylor
Morrison
Communities,
Inc.
5.750%,
01/15/28
(a)
291,000
294,940
Independent
Energy
4.7%
Baytex
Energy
Corp.
8.500%,
04/30/30
(a)
100,000
100,073
Civitas
Resources,
Inc.
8.375%,
07/01/28
(a)
523,000
536,153
CNX
Resources
Corp.
6.000%,
01/15/29
(a)
489,000
490,851
EQT
Corp.
4.500%,
01/15/29
(a)
70,000
69,130
6.375%,
04/01/29
(a)
192,000
197,986
7.500%,
06/01/27
(a)
50,000
50,976
Expand
Energy
Corp.
5.375%,
02/01/29
50,000
50,066
Hilcorp
Energy
I
LP
/
Hilcorp
Finance
Co.
5.750%,
02/01/29
(a)
508,000
501,504
6.000%,
04/15/30
(a)
270,000
262,977
6.250%,
11/01/28
(a)
400,000
402,053
Matador
Resources
Co.
6.875%,
04/15/28
(a)
631,000
643,661
Permian
Resources
Operating
LLC
5.875%,
07/01/29
(a)
637,000
639,332
8.000%,
04/15/27
(a)
242,000
247,240
SM
Energy
Co.
6.500%,
07/15/28
146,000
147,228
6.750%,
08/01/29
(a)
404,000
402,623
Total
4,741,853
Leisure
6.4%
Boyne
USA,
Inc.
4.750%,
05/15/29
(a)
671,000
651,009
Carnival
Corp.
5.750%,
03/01/27
(a)
587,000
591,730
5.750%,
03/15/30
(a)
293,000
298,116
Corporate
Bonds
(continued)
Issue
Description
Principal
Amount
($)
Value
($)
6.000%,
05/01/29
(a)
542,000
547,437
Cinemark
USA,
Inc.
5.250%,
07/15/28
(a)
742,000
738,893
Live
Nation
Entertainment,
Inc.
4.750%,
10/15/27
(a)
80,000
79,117
5.625%,
03/15/26
(a)
18,000
18,027
NCL
Corp.
Ltd.
5.875%,
03/15/26
(a)
246,000
246,350
5.875%,
02/15/27
(a)
391,000
392,256
Royal
Caribbean
Cruises
Ltd.
4.250%,
07/01/26
(a)
100,000
99,503
5.500%,
08/31/26
(a)
100,000
100,348
Six
Flags
Entertainment
Corp.
5.500%,
04/15/27
(a)
298,000
297,308
Six
Flags
Entertainment
Corp.
/
Canada's
Wonderland
Co.
/
Magnum
Management
Corp.
5.250%,
07/15/29
403,000
394,718
5.375%,
04/15/27
297,000
296,217
6.500%,
10/01/28
488,000
492,851
Vail
Resorts,
Inc.
5.625%,
07/15/30
(a)(c)
218,000
218,818
Viking
Cruises
Ltd.
5.875%,
09/15/27
(a)
492,000
491,732
7.000%,
02/15/29
(a)
533,000
537,541
Total
6,491,971
Lodging
0.8%
Hilton
Grand
Vacations
Borrower
LLC
/
Hilton
Grand
Vacations
Borrower,
Inc.
5.000%,
06/01/29
(a)
318,000
305,717
Marriott
Ownership
Resorts,
Inc.
4.500%,
06/15/29
(a)
156,000
149,836
4.750%,
01/15/28
356,000
347,928
Total
803,481
Media
and
Entertainment
2.2%
Clear
Channel
Outdoor
Holdings,
Inc.
5.125%,
08/15/27
(a)
200,000
197,684
7.875%,
04/01/30
(a)
175,000
180,618
9.000%,
09/15/28
(a)
373,000
390,844
McGraw-Hill
Education,
Inc.
5.750%,
08/01/28
(a)
346,000
347,299
Outfront
Media
Capital
LLC
/
Outfront
Media
Capital
Corp.
4.250%,
01/15/29
(a)
414,000
396,503
4.625%,
03/15/30
(a)
157,000
150,058
5.000%,
08/15/27
(a)
297,000
295,016
Univision
Communications,
Inc.
6.625%,
06/01/27
(a)
58,000
57,859
8.000%,
08/15/28
(a)
194,000
196,880
Total
2,212,761
Metals
and
Mining
2.7%
Constellium
SE
3.750%,
04/15/29
(a)
535,000
502,779
5.625%,
06/15/28
(a)
346,000
343,461
Hudbay
Minerals,
Inc.
4.500%,
04/01/26
(a)
498,000
495,098
6.125%,
04/01/29
(a)
393,000
398,477
Kaiser
Aluminum
Corp.
4.625%,
03/01/28
(a)
405,000
396,872
Novelis
Corp.
3.250%,
11/15/26
(a)
50,000
49,182
4.750%,
01/30/30
(a)
137,000
131,327
PORTFOLIO
OF
INVESTMENTS
(continued)
Columbia
Short
Duration
High
Yield
ETF
June
30,
2025
(Unaudited)
Columbia
Short
Duration
High
Yield
ETF
|
2025
5
Corporate
Bonds
(continued)
Issue
Description
Principal
Amount
($)
Value
($)
6.875%,
01/30/30
(a)
397,000
410,488
Total
2,727,684
Midstream
5.8%
AmeriGas
Partners
LP
/
AmeriGas
Finance
Corp.
9.500%,
06/01/30
(a)
247,000
255,990
Antero
Midstream
Partners
LP
/
Antero
Midstream
Finance
Corp.
5.375%,
06/15/29
(a)
353,000
350,554
5.750%,
01/15/28
(a)
342,000
341,322
5.750%,
03/01/27
(a)
100,000
99,916
CNX
Midstream
Partners
LP
4.750%,
04/15/30
(a)
531,000
502,509
Delek
Logistics
Partners
LP
/
Delek
Logistics
Finance
Corp.
8.625%,
03/15/29
(a)
613,000
636,474
DT
Midstream,
Inc.
4.125%,
06/15/29
(a)
154,000
148,841
Hess
Midstream
Operations
LP
5.875%,
03/01/28
(a)
19,000
19,282
6.500%,
06/01/29
(a)
185,000
190,135
NuStar
Logistics
LP
5.625%,
04/28/27
247,000
249,127
6.000%,
06/01/26
25,000
25,098
Rockies
Express
Pipeline
LLC
4.950%,
07/15/29
(a)
314,000
308,597
Sunoco
LP
7.000%,
05/01/29
(a)
498,000
518,648
Sunoco
LP
/
Sunoco
Finance
Corp.
6.000%,
04/15/27
25,000
25,006
7.000%,
09/15/28
(a)
383,000
394,716
TransMontaigne
Partners
LLC
8.500%,
06/15/30
(a)
191,000
198,751
Venture
Global
Calcasieu
Pass
LLC
3.875%,
08/15/29
(a)
158,000
149,083
6.250%,
01/15/30
(a)
239,000
246,491
Venture
Global
LNG,
Inc.
7.000%,
01/15/30
(a)
262,000
265,145
8.125%,
06/01/28
(a)
340,000
351,146
9.500%,
02/01/29
(a)
542,000
590,614
Total
5,867,445
Oil
Field
Services
2.2%
Archrock
Partners
LP
/
Archrock
Partners
Finance
Corp.
6.250%,
04/01/28
(a)
493,000
495,116
6.875%,
04/01/27
(a)
39,000
39,056
Kodiak
Gas
Services
LLC
7.250%,
02/15/29
(a)
617,000
638,713
Nabors
Industries,
Inc.
7.375%,
05/15/27
(a)
257,000
254,001
Transocean
Titan
Financing
Ltd.
8.375%,
02/01/28
(a)
222,571
227,660
USA
Compression
Partners
LP
/
USA
Compression
Finance
Corp.
6.875%,
09/01/27
342,000
343,041
7.125%,
03/15/29
(a)
241,000
247,035
Total
2,244,622
Other
Industry
1.0%
Williams
Scotsman,
Inc.
4.625%,
08/15/28
(a)
604,000
596,662
6.625%,
04/15/30
(a)
240,000
249,249
6.625%,
06/15/29
(a)
189,000
194,257
Total
1,040,168
Other
REIT
1.9%
Ladder
Capital
Finance
Holdings
LLLP
/
Ladder
Capital
Finance
Corp.
4.250%,
02/01/27
(a)
401,000
395,001
Corporate
Bonds
(continued)
Issue
Description
Principal
Amount
($)
Value
($)
4.750%,
06/15/29
(a)
151,000
147,055
5.250%,
10/01/25
(a)
201,000
200,997
Park
Intermediate
Holdings
LLC
/
PK
Domestic
Property
LLC
/
PK
Finance
Co.-Issuer
5.875%,
10/01/28
(a)
749,000
747,825
RHP
Hotel
Properties
LP
/
RHP
Finance
Corp.
7.250%,
07/15/28
(a)
282,000
291,970
RLJ
Lodging
Trust
LP
3.750%,
07/01/26
(a)
149,000
147,516
Total
1,930,364
Packaging
1.7%
Ardagh
Metal
Packaging
Finance
USA
LLC
/
Ardagh
Metal
Packaging
Finance
PLC
3.250%,
09/01/28
(a)
324,000
305,893
4.000%,
09/01/29
(a)
280,000
255,508
6.000%,
06/15/27
(a)
290,000
290,800
Clydesdale
Acquisition
Holdings,
Inc.
6.625%,
04/15/29
(a)
196,000
198,798
8.750%,
04/15/30
(a)
192,000
196,347
Sealed
Air
Corp.
4.000%,
12/01/27
(a)
50,000
48,747
5.000%,
04/15/29
(a)
101,000
99,937
Sealed
Air
Corp./Sealed
Air
Corp.
US
6.125%,
02/01/28
(a)
290,000
294,015
Total
1,690,045
Pharmaceuticals
0.3%
Grifols
SA
4.750%,
10/15/28
(a)
156,000
149,687
Organon
&
Co.
/
Organon
Foreign
Debt
Co.-Issuer
BV
4.125%,
04/30/28
(a)
106,000
101,886
Total
251,573
Property
&
Casualty
2.5%
Alliant
Holdings
Intermediate
LLC
/
Alliant
Holdings
Co.-Issuer
4.250%,
10/15/27
(a)
102,000
100,025
6.750%,
10/15/27
(a)
366,000
366,614
6.750%,
04/15/28
(a)
927,000
942,145
AmWINS
Group,
Inc.
6.375%,
02/15/29
(a)
338,000
344,463
AssuredPartners
,
Inc.
5.625%,
01/15/29
(a)
61,000
60,990
BroadStreet
Partners,
Inc.
5.875%,
04/15/29
(a)
251,000
248,091
HUB
International
Ltd.
5.625%,
12/01/29
(a)
251,000
250,475
7.250%,
06/15/30
(a)
232,000
242,488
Total
2,555,291
Restaurants
0.9%
1011778
BC
ULC
/
New
Red
Finance,
Inc.
4.375%,
01/15/28
(a)
561,000
550,527
6.125%,
06/15/29
(a)
380,000
390,404
Total
940,931
Retailers
2.8%
Asbury
Automotive
Group,
Inc.
4.500%,
03/01/28
303,000
299,598
4.625%,
11/15/29
(a)
156,000
150,628
Bath
&
Body
Works,
Inc.
5.250%,
02/01/28
50,000
50,247
7.500%,
06/15/29
94,000
96,507
Belron
UK
Finance
PLC
5.750%,
10/15/29
(a)
99,000
99,714
PORTFOLIO
OF
INVESTMENTS
(continued)
Columbia
Short
Duration
High
Yield
ETF
June
30,
2025
(Unaudited)
6
Columbia
Short
Duration
High
Yield
ETF
|
2025
Corporate
Bonds
(continued)
Issue
Description
Principal
Amount
($)
Value
($)
Group
1
Automotive,
Inc.
4.000%,
08/15/28
(a)
205,000
198,116
6.375%,
01/15/30
(a)
238,000
244,944
LCM
Investments
Holdings
II
LLC
4.875%,
05/01/29
(a)
308,000
299,475
Lithia
Motors,
Inc.
3.875%,
06/01/29
(a)
317,000
302,536
4.625%,
12/15/27
(a)
297,000
294,523
PetSmart,
Inc.
/
PetSmart
Finance
Corp.
4.750%,
02/15/28
(a)
306,000
298,262
7.750%,
02/15/29
(a)
350,000
340,868
Wolverine
World
Wide,
Inc.
4.000%,
08/15/29
(a)
169,000
151,461
Total
2,826,879
Technology
10.4%
Block,
Inc.
2.750%,
06/01/26
306,000
299,512
Camelot
Finance
SA
4.500%,
11/01/26
(a)
44,000
43,407
Central
Parent
LLC
/
CDK
Global
II
LLC
/
CDK
Financing
Co.,
Inc.
8.000%,
06/15/29
(a)
291,000
240,856
Central
Parent,
Inc.
/
CDK
Global,
Inc.
7.250%,
06/15/29
(a)
46,000
37,487
Clarivate
Science
Holdings
Corp.
4.875%,
07/01/29
(a)
369,000
347,810
Cloud
Software
Group,
Inc.
6.500%,
03/31/29
(a)
1,132,000
1,142,295
9.000%,
09/30/29
(a)
287,000
297,556
Ellucian
Holdings,
Inc.
6.500%,
12/01/29
(a)
442,000
452,316
Entegris
,
Inc.
3.625%,
05/01/29
(a)
331,000
313,735
4.375%,
04/15/28
(a)
410,000
398,977
Gen
Digital,
Inc.
6.750%,
09/30/27
(a)
194,000
197,512
HealthEquity
,
Inc.
4.500%,
10/01/29
(a)
331,000
321,736
Helios
Software
Holdings,
Inc.
/
ION
Corporate
Solutions
Finance
Sarl
4.625%,
05/01/28
(a)
314,000
297,192
8.750%,
05/01/29
(a)
194,000
199,497
ION
Trading
Technologies
Sarl
5.750%,
05/15/28
(a)
226,000
218,556
Iron
Mountain,
Inc.
4.875%,
09/15/27
(a)
379,000
376,672
5.000%,
07/15/28
(a)
25,000
24,798
5.250%,
03/15/28
(a)
746,000
741,537
7.000%,
02/15/29
(a)
425,000
439,607
NCR
Atleos
Corp.
9.500%,
04/01/29
(a)
900,000
985,135
NCR
Voyix
Corp.
5.000%,
10/01/28
(a)
653,000
645,945
5.125%,
04/15/29
(a)
355,000
349,739
Neptune
Bidco
US,
Inc.
9.290%,
04/15/29
(a)
176,000
171,387
Open
Text
Corp.
3.875%,
02/15/28
(a)
410,000
397,649
Sensata
Technologies
BV
4.000%,
04/15/29
(a)
316,000
300,438
SS&C
Technologies,
Inc.
5.500%,
09/30/27
(a)
296,000
296,108
Corporate
Bonds
(continued)
Issue
Description
Principal
Amount
($)
Value
($)
Synaptics
,
Inc.
4.000%,
06/15/29
(a)
368,000
348,766
ZoomInfo
Technologies
LLC/
ZoomInfo
Finance
Corp.
3.875%,
02/01/29
(a)
666,000
626,619
Total
10,512,844
Transportation
Services
0.5%
Avis
Budget
Car
Rental
LLC
/
Avis
Budget
Finance,
Inc.
4.750%,
04/01/28
(a)
57,000
55,316
5.375%,
03/01/29
(a)
208,000
200,438
5.750%,
07/15/27
(a)
300,000
298,589
Total
554,343
Wirelines
0.4%
Frontier
Communications
Holdings
LLC
5.875%,
10/15/27
(a)
100,000
100,039
Iliad
Holding
SASU
7.000%,
10/15/28
(a)
340,000
346,085
Total
446,124
Total
Corporate
Bonds
(Cost
$97,090,238)
97,912,210
Money
Market
Funds
2.2%
Shares
Value
($)
Dreyfus
Treasury
Securities
Cash
Management,
Institutional
Shares
4.110%
(d)
2,248,412
2,248,412
Total
Money
Market
Funds
(Cost
$2,248,412)
2,248,412
Total
Investments
in
Securities
(Cost
$99,338,650)
100,160,622
Other
Assets
&
Liabilities,
Net
1,152,735
Net
Assets
101,313,357
PORTFOLIO
OF
INVESTMENTS
(continued)
Columbia
Short
Duration
High
Yield
ETF
June
30,
2025
(Unaudited)
Columbia
Short
Duration
High
Yield
ETF
|
2025
7
Notes
to
Portfolio
of
Investments
(a)
Represents
privately
placed
and
other
securities
and
instruments
exempt
from
Securities
and
Exchange
Commission
registration
(collectively,
private
placements),
such
as
Section
4(a)(2)
and
Rule
144A
eligible
securities,
which
are
often
sold
only
to
qualified
institutional
buyers.
At
June
30,
2025,
the
total
value
of
these
securities
amounted
to
$88,704,709,
which
represents
87.55%
of
total
net
assets.
(b)
Payment-in-kind
security.
Interest
can
be
paid
by
issuing
additional
par
of
the
security
or
in
cash.
(c)
Represents
a
security
purchased
on
a
when-issued
basis.
(d)
The
rate
shown
is
the
seven-day
current
annualized
yield
at
June
30,
2025.
Investments
are
valued
using
policies
described
in
the
Notes
to
Financial
Statements
included
within
the
most
recent
financial
statements
and
additional
information.
PORTFOLIO
OF
INVESTMENTS
Columbia
U.S.
High
Yield
ETF
June
30,
2025
(Unaudited)
(Percentages
represent
value
of
investments
compared
to
net
assets)
Investments
in
Securities
8
Columbia
U.S.
High
Yield
ETF
|
2025
Corporate
Bonds
96.6%
Issue
Description
Principal
Amount
($)
Value
($)
Aerospace
&
Defense
3.0%
AAR
Escrow
Issuer
LLC
6.750%,
03/15/29
(a)
50,000
51,798
Bombardier,
Inc.
7.000%,
06/01/32
(a)
50,000
52,090
8.750%,
11/15/30
(a)
200,000
216,635
Spirit
AeroSystems
,
Inc.
4.600%,
06/15/28
50,000
49,044
9.750%,
11/15/30
(a)
50,000
55,215
TransDigm
,
Inc.
4.625%,
01/15/29
50,000
49,048
4.875%,
05/01/29
100,000
98,165
6.000%,
01/15/33
(a)
100,000
100,561
6.375%,
03/01/29
(a)
50,000
51,415
6.375%,
05/31/33
(a)
200,000
200,936
6.625%,
03/01/32
(a)
100,000
103,575
6.750%,
08/15/28
(a)
50,000
51,067
6.875%,
12/15/30
(a)
75,000
77,819
7.125%,
12/01/31
(a)
100,000
104,809
Total
1,262,177
Airlines
0.7%
Allegiant
Travel
Co.
7.250%,
08/15/27
(a)
50,000
49,992
American
Airlines,
Inc.
8.500%,
05/15/29
(a)
50,000
52,391
American
Airlines,
Inc./
AAdvantage
Loyalty
IP
Ltd.
5.500%,
04/20/26
(a)
16,667
16,663
5.750%,
04/20/29
(a)
100,000
100,233
JetBlue
Airways
Corp.
/
JetBlue
Loyalty
LP
9.875%,
09/20/31
(a)
100,000
97,348
Total
316,627
Automotive
2.2%
Adient
Global
Holdings
Ltd.
7.000%,
04/15/28
(a)
50,000
51,462
7.500%,
02/15/33
(a)
50,000
51,176
8.250%,
04/15/31
(a)
75,000
78,781
Allison
Transmission,
Inc.
3.750%,
01/30/31
(a)
50,000
45,855
Clarios
Global
LP
/
Clarios
US
Finance
Co.
6.750%,
05/15/28
(a)
75,000
76,991
6.750%,
02/15/30
(a)
100,000
103,984
Garrett
Motion
Holdings,
Inc.
/
Garrett
LX
I
Sarl
7.750%,
05/31/32
(a)
50,000
52,047
Goodyear
Tire
&
Rubber
Co.
(The)
4.875%,
03/15/27
65,000
64,778
5.000%,
07/15/29
50,000
48,864
5.250%,
04/30/31
100,000
95,981
JB
Poindexter
&
Co.,
Inc.
8.750%,
12/15/31
(a)
75,000
76,425
Nissan
Motor
Acceptance
Co.
LLC
2.750%,
03/09/28
(a)
100,000
91,190
Phinia
,
Inc.
6.750%,
04/15/29
(a)
50,000
51,559
Tenneco,
Inc.
8.000%,
11/17/28
(a)
50,000
49,441
Total
938,534
Banking
0.8%
Ally
Financial,
Inc.
6.646%,
(US
5
Year
CMT
T-Note
+
2.450%),
01/17/40
(b)
170,000
167,058
6.700%,
02/14/33
50,000
52,024
Corporate
Bonds
(continued)
Issue
Description
Principal
Amount
($)
Value
($)
Synchrony
Financial
7.250%,
02/02/33
120,000
125,548
Total
344,630
Brokerage/Asset
Managers/Exchanges
1.5%
AG
Issuer
LLC
6.250%,
03/01/28
(a)
125,000
125,308
Aretec
Group,
Inc.
10.000%,
08/15/30
(a)
50,000
54,933
Coinbase
Global,
Inc.
3.375%,
10/01/28
(a)
50,000
46,875
3.625%,
10/01/31
(a)
50,000
44,698
Focus
Financial
Partners
LLC
6.750%,
09/15/31
(a)
50,000
51,052
Hunt
Cos.,
Inc.
5.250%,
04/15/29
(a)
120,000
115,697
Jane
Street
Group
/
JSG
Finance,
Inc.
6.125%,
11/01/32
(a)
40,000
40,354
7.125%,
04/30/31
(a)
50,000
52,562
StoneX
Group,
Inc.
7.875%,
03/01/31
(a)
50,000
52,421
VFH
Parent
LLC
/
Valor
Co.-Issuer,
Inc.
7.500%,
06/15/31
(a)
50,000
52,464
Total
636,364
Building
Materials
2.8%
Builders
FirstSource
,
Inc.
4.250%,
02/01/32
(a)
150,000
138,907
5.000%,
03/01/30
(a)
50,000
49,081
6.375%,
03/01/34
(a)
75,000
76,403
Masterbrand,
Inc.
7.000%,
07/15/32
(a)
50,000
51,092
Quikrete
Holdings,
Inc.
6.375%,
03/01/32
(a)
200,000
205,786
6.750%,
03/01/33
(a)
50,000
51,576
QXO
Building
Products,
Inc.
6.750%,
04/30/32
(a)
200,000
206,485
Smyrna
Ready
Mix
Concrete
LLC
8.875%,
11/15/31
(a)
150,000
157,366
Standard
Building
Solutions,
Inc.
6.500%,
08/15/32
(a)
50,000
51,186
Standard
Industries,
Inc.
3.375%,
01/15/31
(a)
50,000
44,905
4.375%,
07/15/30
(a)
100,000
94,646
White
Cap
Buyer
LLC
6.875%,
10/15/28
(a)
45,000
44,922
Total
1,172,355
Cable
and
Satellite
5.1%
Cable
One,
Inc.
4.000%,
11/15/30
(a)
50,000
39,378
CCO
Holdings
LLC
/
CCO
Holdings
Capital
Corp.
4.250%,
02/01/31
(a)
200,000
186,634
4.250%,
01/15/34
(a)
150,000
133,502
4.500%,
08/15/30
(a)
170,000
162,029
4.500%,
06/01/33
(a)
100,000
91,426
4.500%,
05/01/32
200,000
186,134
4.750%,
02/01/32
(a)
100,000
94,793
5.000%,
02/01/28
(a)
100,000
99,087
5.125%,
05/01/27
(a)
150,000
149,488
Directv
Financing
LLC
8.875%,
02/01/30
(a)
50,000
49,229
Directv
Financing
LLC
/
Directv
Financing
Co.-Obligor,
Inc.
5.875%,
08/15/27
(a)
200,000
199,316
PORTFOLIO
OF
INVESTMENTS
(continued)
Columbia
U.S.
High
Yield
ETF
June
30,
2025
(Unaudited)
Columbia
U.S.
High
Yield
ETF
|
2025
9
Corporate
Bonds
(continued)
Issue
Description
Principal
Amount
($)
Value
($)
10.000%,
02/15/31
(a)
110,000
106,822
DISH
Network
Corp.
11.750%,
11/15/27
(a)
105,000
108,108
EchoStar
Corp.
Series
.,
10.750%,
11/30/29
158,491
162,943
Sirius
XM
Radio
LLC
4.125%,
07/01/30
(a)
100,000
91,958
5.500%,
07/01/29
(a)
150,000
148,856
Sirius
XM
Radio,
Inc.
4.000%,
07/15/28
(a)
100,000
96,037
Viasat
,
Inc.
5.625%,
04/15/27
(a)
50,000
49,823
Total
2,155,563
Chemicals
3.7%
Celanese
US
Holdings
LLC
6.500%,
04/15/30
25,000
25,577
6.580%,
07/15/29
25,000
26,066
6.629%,
07/15/32
50,000
52,257
6.750%,
04/15/33
125,000
126,283
6.850%,
11/15/28
25,000
26,266
7.050%,
11/15/30
50,000
52,614
7.200%,
11/15/33
100,000
106,205
Chemours
Co.
(The)
4.625%,
11/15/29
(a)
50,000
43,582
8.000%,
01/15/33
(a)
100,000
93,569
Element
Solutions,
Inc.
3.875%,
09/01/28
(a)
50,000
48,370
INEOS
Finance
PLC
7.500%,
04/15/29
(a)
75,000
75,218
INEOS
Quattro
Finance
2
PLC
9.625%,
03/15/29
(a)
75,000
75,971
Ingevity
Corp.
3.875%,
11/01/28
(a)
50,000
47,646
Methanex
Corp.
5.125%,
10/15/27
50,000
49,785
Olin
Corp.
6.625%,
04/01/33
(a)
100,000
98,525
Olympus
Water
US
Holding
Corp.
9.750%,
11/15/28
(a)
100,000
105,295
Parkland
Corp.
4.625%,
05/01/30
(a)
75,000
71,832
Scih
Salt
Holdings,
Inc.
4.875%,
05/01/28
(a)
50,000
48,626
SK
Invictus
Internediate
II
Sarl
5.000%,
10/30/29
(a)
65,000
62,984
Tronox
,
Inc.
4.625%,
03/15/29
(a)
200,000
172,515
Windsor
Holdings
III
LLC
8.500%,
06/15/30
(a)
50,000
53,584
WR
Grace
Holdings
LLC
5.625%,
08/15/29
(a)
100,000
90,528
Total
1,553,298
Construction
Machinery
1.7%
EquipmentShare.Com,
Inc.
8.625%,
05/15/32
(a)
75,000
79,844
9.000%,
05/15/28
(a)
75,000
79,290
Herc
Holdings,
Inc.
5.500%,
07/15/27
(a)
50,000
49,980
6.625%,
06/15/29
(a)
50,000
51,326
7.000%,
06/15/30
(a)
100,000
104,700
7.250%,
06/15/33
(a)
100,000
104,803
Corporate
Bonds
(continued)
Issue
Description
Principal
Amount
($)
Value
($)
RB
Global
Holdings,
Inc.
7.750%,
03/15/31
(a)
50,000
52,571
Terex
Corp.
6.250%,
10/15/32
(a)
100,000
100,217
United
Rentals
North
America,
Inc.
3.750%,
01/15/32
50,000
45,931
6.125%,
03/15/34
(a)
50,000
51,569
Total
720,231
Consumer
Cyclical
Services
3.0%
Allied
Universal
Holdco
LLC
7.875%,
02/15/31
(a)
100,000
104,541
Allied
Universal
Holdco
LLC/Allied
Universal
Finance
Corp./Atlas
Luxco
4
Sarl
4.625%,
06/01/28
(a)
50,000
48,506
4.625%,
06/01/28
(a)
50,000
48,466
Arches
Buyer,
Inc.
6.125%,
12/01/28
(a)
100,000
92,030
ASGN,
Inc.
4.625%,
05/15/28
(a)
50,000
48,786
Compass
Group
Diversified
Holdings
LLC
5.250%,
04/15/29
(a)
50,000
44,891
Cushman
&
Wakefield
US
Borrower
LLC
6.750%,
05/15/28
(a)
100,000
100,847
Garda
World
Security
Corp.
6.000%,
06/01/29
(a)
75,000
73,174
8.375%,
11/15/32
(a)
50,000
51,369
GEO
Group,
Inc.
(The)
10.250%,
04/15/31
50,000
54,859
Go
Daddy
Operating
Co.
LLC
/
GD
Finance
Co.,
Inc.
5.250%,
12/01/27
(a)
50,000
49,937
Match
Group
Holdings
II
LLC
4.625%,
06/01/28
(a)
50,000
48,767
Prime
Security
Services
Borrower
LLC
/
Prime
Finance,
Inc.
5.750%,
04/15/26
(a)
12,000
12,063
6.250%,
01/15/28
(a)
100,000
100,229
Raven
Acquisition
Holdings
LLC
6.875%,
11/15/31
(a)
125,000
124,912
Service
Corp.
International
4.000%,
05/15/31
125,000
117,130
Staples,
Inc.
10.750%,
09/01/29
(a)
100,000
94,979
Wash
Multifamily
Acquisition,
Inc.
5.750%,
04/15/26
(a)
50,000
49,864
Total
1,265,350
Consumer
Products
1.3%
CD&R
Smokey
Buyer,
Inc.
/
Radio
Systems
Corp.
9.500%,
10/15/29
(a)
50,000
41,003
Edgewell
Personal
Care
Co.
5.500%,
06/01/28
(a)
75,000
74,647
Energizer
Holdings,
Inc.
4.375%,
03/31/29
(a)
75,000
71,026
Newell
Brands,
Inc.
6.375%,
09/15/27
50,000
50,654
6.625%,
09/15/29
100,000
99,043
7.000%,
04/01/46
100,000
85,146
Perrigo
Finance
Unlimited
Co.
4.900%,
06/15/30
50,000
49,129
Somnigroup
International,
Inc.
3.875%,
10/15/31
(a)
75,000
68,173
Total
538,821
PORTFOLIO
OF
INVESTMENTS
(continued)
Columbia
U.S.
High
Yield
ETF
June
30,
2025
(Unaudited)
10
Columbia
U.S.
High
Yield
ETF
|
2025
Corporate
Bonds
(continued)
Issue
Description
Principal
Amount
($)
Value
($)
Diversified
Manufacturing
1.6%
Chart
Industries,
Inc.
7.500%,
01/01/30
(a)
50,000
52,370
EMRLD
Borrower
LP
/
Emerald
Co.-Issuer,
Inc.
6.625%,
12/15/30
(a)
115,000
117,680
6.750%,
07/15/31
(a)
50,000
51,763
Griffon
Corp.
5.750%,
03/01/28
100,000
99,898
Husky
Injection
Molding
Systems
Ltd.
/
Titan
Co.-Borrower
LLC
9.000%,
02/15/29
(a)
50,000
52,269
Madison
IAQ
LLC
5.875%,
06/30/29
(a)
50,000
49,133
Velocity
Vehicle
Group
LLC
8.000%,
06/01/29
(a)
50,000
49,881
WESCO
Distribution,
Inc.
6.375%,
03/15/29
(a)
50,000
51,481
6.375%,
03/15/33
(a)
100,000
103,334
6.625%,
03/15/32
(a)
50,000
51,966
Total
679,775
Electric
3.1%
AES
Corp./
(The)
6.950%,
(US
5
Year
CMT
T-Note
+
2.890%),
07/15/55
(b)
50,000
48,895
7.600%,
(US
5
Year
CMT
T-Note
+
3.201%),
01/15/55
(b)
100,000
103,268
Algonquin
Power
&
Utilities
Corp.
4.750%,
(US
5
Year
CMT
T-Note
+
3.249%),
01/18/82
(b)
100,000
97,190
Calpine
Corp.
4.625%,
02/01/29
(a)
100,000
98,678
5.125%,
03/15/28
(a)
50,000
49,953
Clearway
Energy
Operating
LLC
3.750%,
02/15/31
(a)
50,000
45,895
Edison
International
8.125%,
(US
5
Year
CMT
T-Note
+
3.864%),
06/15/53
(b)
100,000
96,690
Lightning
Power
LLC
7.250%,
08/15/32
(a)
50,000
52,623
Long
Ridge
Energy
LLC
8.750%,
02/15/32
(a)
48,000
49,872
NRG
Energy,
Inc.
3.375%,
02/15/29
(a)
50,000
47,182
3.625%,
02/15/31
(a)
50,000
46,034
5.750%,
07/15/29
(a)
50,000
50,064
PG&E
Corp.
5.000%,
07/01/28
100,000
97,406
TerraForm
Power
Operating
LLC
4.750%,
01/15/30
(a)
50,000
47,887
Vistra
Operations
Co.
LLC
4.375%,
05/01/29
(a)
120,000
116,929
6.875%,
04/15/32
(a)
100,000
104,555
XPLR
Infrastructure
Operating
Partners
LP
7.250%,
01/15/29
(a)
170,000
174,287
Total
1,327,408
Environmental
0.5%
Clean
Harbors,
Inc.
6.375%,
02/01/31
(a)
50,000
51,174
GFL
Environmental,
Inc.
4.750%,
06/15/29
(a)
50,000
49,278
6.750%,
01/15/31
(a)
75,000
78,397
Corporate
Bonds
(continued)
Issue
Description
Principal
Amount
($)
Value
($)
Wrangler
Holdco
Corp.
6.625%,
04/01/32
(a)
50,000
52,069
Total
230,918
Finance
Companies
4.6%
Enova
International,
Inc.
9.125%,
08/01/29
(a)
50,000
52,642
FirstCash
,
Inc.
5.625%,
01/01/30
(a)
100,000
99,800
Fortress
Transportation
And
Infrastructure
Investors
LLC
7.000%,
05/01/31
(a)
50,000
51,718
7.000%,
06/15/32
(a)
50,000
51,643
7.875%,
12/01/30
(a)
100,000
105,979
Freedom
Mortgage
Corp.
6.625%,
01/15/27
(a)
50,000
50,130
12.000%,
10/01/28
(a)
100,000
107,533
12.250%,
10/01/30
(a)
50,000
55,439
Freedom
Mortgage
Holdings
LLC
8.375%,
04/01/32
(a)
50,000
50,458
9.250%,
02/01/29
(a)
25,000
25,961
goeasy
Ltd.
7.625%,
07/01/29
(a)
65,000
67,023
Nationstar
Mortgage
Holdings,
Inc.
6.500%,
08/01/29
(a)
100,000
102,090
7.125%,
02/01/32
(a)
25,000
25,973
Navient
Corp.
4.875%,
03/15/28
50,000
49,257
Series
MTN,
5.625%,
08/01/33
25,000
22,962
9.375%,
07/25/30
100,000
110,288
OneMain
Finance
Corp.
3.875%,
09/15/28
50,000
47,907
5.375%,
11/15/29
150,000
147,567
6.625%,
05/15/29
100,000
102,838
7.125%,
11/15/31
100,000
103,990
7.875%,
03/15/30
50,000
53,114
PennyMac
Financial
Services,
Inc.
7.875%,
12/15/29
(a)
100,000
106,312
Provident
Funding
Associates
LP
/
PFG
Finance
Corp.
9.750%,
09/15/29
(a)
60,000
63,093
Rocket
Mortgage
LLC
/
Rocket
Mortgage
Co.-Issuer,
Inc.
3.875%,
03/01/31
(a)
50,000
46,355
4.000%,
10/15/33
(a)
100,000
89,432
United
Wholesale
Mortgage
LLC
5.500%,
04/15/29
(a)
100,000
97,176
5.750%,
06/15/27
(a)
50,000
49,878
Total
1,936,558
Food
and
Beverage
2.6%
Aramark
Services,
Inc.
5.000%,
02/01/28
(a)
100,000
99,553
B&G
Foods,
Inc.
8.000%,
09/15/28
(a)
50,000
48,202
BellRing
Brands,
Inc.
7.000%,
03/15/30
(a)
50,000
52,172
Chobani
Holdco
II
LLC
8.750%,
10/01/29
(a),(c)
50,000
53,615
Darling
Ingredients,
Inc.
6.000%,
06/15/30
(a)
50,000
50,674
Lamb
Weston
Holdings,
Inc.
4.375%,
01/31/32
(a)
50,000
46,800
Performance
Food
Group,
Inc.
4.250%,
08/01/29
(a)
50,000
48,232
5.500%,
10/15/27
(a)
50,000
49,948
PORTFOLIO
OF
INVESTMENTS
(continued)
Columbia
U.S.
High
Yield
ETF
June
30,
2025
(Unaudited)
Columbia
U.S.
High
Yield
ETF
|
2025
11
Corporate
Bonds
(continued)
Issue
Description
Principal
Amount
($)
Value
($)
6.125%,
09/15/32
(a)
100,000
102,372
Post
Holdings,
Inc.
4.500%,
09/15/31
(a)
50,000
46,453
4.625%,
04/15/30
(a)
150,000
144,280
5.500%,
12/15/29
(a)
100,000
99,603
6.250%,
02/15/32
(a)
50,000
51,434
Simmons
Foods,
Inc./Simmons
Prepared
Foods,
Inc./Simmons
Pet
Food,
Inc./Simmons
Feed
4.625%,
03/01/29
(a)
50,000
47,307
United
Natural
Foods,
Inc.
6.750%,
10/15/28
(a)
75,000
74,086
US
Foods,
Inc.
4.625%,
06/01/30
(a)
100,000
97,399
Total
1,112,130
Foreign
Government
Obligations
0.5%
CCO
Holdings
LLC
/
CCO
Holdings
Capital
Corp.
4.750%,
03/01/30
(a)
200,000
193,852
Gaming
3.3%
Boyd
Gaming
Corp.
4.750%,
06/15/31
(a)
50,000
47,935
Caesars
Entertainment,
Inc.
4.625%,
10/15/29
(a)
50,000
47,723
6.000%,
10/15/32
(a)
50,000
49,005
6.500%,
02/15/32
(a)
75,000
76,896
7.000%,
02/15/30
(a)
100,000
103,610
8.125%,
07/01/27
(a)
100,000
100,033
Churchill
Downs,
Inc.
5.500%,
04/01/27
(a)
50,000
49,901
5.750%,
04/01/30
(a)
50,000
50,174
6.750%,
05/01/31
(a)
100,000
102,773
International
Game
Technology
PLC
5.250%,
01/15/29
(a)
50,000
49,556
Light
&
Wonder
International,
Inc.
7.250%,
11/15/29
(a)
50,000
51,502
7.500%,
09/01/31
(a)
100,000
104,631
MGM
Resorts
International
4.750%,
10/15/28
50,000
49,382
6.500%,
04/15/32
125,000
127,014
Midwest
Gaming
Borrower
LLC
/
Midwest
Gaming
Finance
Corp.
4.875%,
05/01/29
(a)
50,000
48,160
Mohegan
Tribal
Gaming
Authority
/
MS
Digital
Entertainment
Holdings
LLC
8.250%,
04/15/30
(a)
50,000
51,592
Scientific
Games
Holdings
LP/Scientific
Games
US
Finco
,
Inc.
6.625%,
03/01/30
(a)
50,000
48,166
Station
Casinos
LLC
4.625%,
12/01/31
(a)
100,000
93,655
Voyager
Parent
LLC
9.250%,
07/01/32
(a)
50,000
52,113
Wynn
Las
Vegas
LLC
/
Wynn
Las
Vegas
Capital
Corp.
5.250%,
05/15/27
(a)
50,000
50,033
Wynn
Resorts
Finance
LLC
/
Wynn
Resorts
Capital
Corp.
5.125%,
10/01/29
(a)
50,000
49,609
Total
1,403,463
Health
Care
6.4%
AdaptHealth
LLC
5.125%,
03/01/30
(a)
50,000
47,543
Avantor
Funding,
Inc.
3.875%,
11/01/29
(a)
100,000
94,661
4.625%,
07/15/28
(a)
100,000
98,218
Bausch
+
Lomb
Corp.
8.375%,
10/01/28
(a)
100,000
104,474
Corporate
Bonds
(continued)
Issue
Description
Principal
Amount
($)
Value
($)
Charles
River
Laboratories
International,
Inc.
4.000%,
03/15/31
(a)
50,000
45,803
Chs
/Community
Health
Systems,
Inc.
4.750%,
02/15/31
(a)
100,000
85,831
CHS/Community
Health
Systems,
Inc.
5.250%,
05/15/30
(a)
100,000
88,636
5.625%,
03/15/27
(a)
50,000
49,205
6.000%,
01/15/29
(a)
50,000
48,242
6.875%,
04/15/29
(a)
50,000
39,862
10.875%,
01/15/32
(a)
100,000
105,860
CVS
Health
Corp.
6.750%,
(US
5
Year
CMT
T-Note
+
2.516%),
12/10/54
(b)
100,000
100,448
7.000%,
(US
5
Year
CMT
T-Note
+
2.886%),
03/10/55
(b)
50,000
51,676
DaVita,
Inc.
4.625%,
06/01/30
(a)
100,000
95,832
6.750%,
07/15/33
(a)
50,000
51,624
6.875%,
09/01/32
(a)
100,000
103,697
Embecta
Corp.
5.000%,
02/15/30
(a)
50,000
45,159
Fortrea
Holdings,
Inc.
7.500%,
07/01/30
(a)
50,000
45,297
LifePoint
Health,
Inc.
9.875%,
08/15/30
(a)
150,000
162,383
11.000%,
10/15/30
(a)
75,000
82,882
Medline
Borrower
LP
3.875%,
04/01/29
(a)
200,000
192,028
5.250%,
10/01/29
(a)
225,000
223,267
Prime
Healthcare
Services,
Inc.
9.375%,
09/01/29
(a)
100,000
99,247
Star
Parent,
Inc.
9.000%,
10/01/30
(a)
50,000
52,660
Surgery
Center
Holdings,
Inc.
7.250%,
04/15/32
(a)
75,000
76,470
Tenet
Healthcare
Corp.
4.375%,
01/15/30
50,000
48,448
5.125%,
11/01/27
120,000
119,761
6.125%,
10/01/28
100,000
100,125
6.125%,
06/15/30
150,000
152,604
6.750%,
05/15/31
100,000
103,478
Total
2,715,421
Healthcare
Insurance
0.1%
Murphy
Oil
USA,
Inc.
3.750%,
02/15/31
(a)
50,000
46,112
Healthcare
REIT
0.3%
Diversified
Healthcare
Trust
4.375%,
03/01/31
20,000
16,879
MPT
Operating
Partnership
LP
/
MPT
Finance
Corp.
8.500%,
02/15/32
(a)
100,000
104,714
Total
121,593
Home
Construction
0.4%
Brookfield
Residential
Properties,
Inc.
/
Brookfield
Residential
US
LLC
4.875%,
02/15/30
(a)
75,000
67,444
Century
Communities,
Inc.
3.875%,
08/15/29
(a)
50,000
46,284
Mattamy
Group
Corp.
5.250%,
12/15/27
(a)
50,000
49,756
Total
163,484
PORTFOLIO
OF
INVESTMENTS
(continued)
Columbia
U.S.
High
Yield
ETF
June
30,
2025
(Unaudited)
12
Columbia
U.S.
High
Yield
ETF
|
2025
Corporate
Bonds
(continued)
Issue
Description
Principal
Amount
($)
Value
($)
Independent
Energy
4.1%
Baytex
Energy
Corp.
8.500%,
04/30/30
(a)
50,000
50,037
Civitas
Resources,
Inc.
8.375%,
07/01/28
(a)
125,000
128,144
8.750%,
07/01/31
(a)
150,000
151,845
CNX
Resources
Corp.
6.000%,
01/15/29
(a)
50,000
50,189
Crescent
Energy
Finance
LLC
7.625%,
04/01/32
(a)
100,000
97,675
Hilcorp
Energy
I
LP
/
Hilcorp
Finance
Co.
6.000%,
02/01/31
(a)
50,000
48,366
6.000%,
04/15/30
(a)
50,000
48,700
6.250%,
04/15/32
(a)
50,000
47,802
6.875%,
05/15/34
(a)
150,000
143,821
Kraken
Oil
&
Gas
Partners
LLC
7.625%,
08/15/29
(a)
50,000
49,091
Matador
Resources
Co.
6.250%,
04/15/33
(a)
50,000
49,712
6.500%,
04/15/32
(a)
50,000
49,998
McAfee
Corp.
6.750%,
03/01/29
(a)
75,000
75,208
MEG
Energy
Corp.
5.875%,
02/01/29
(a)
75,000
74,909
Murphy
Oil
Corp.
6.000%,
10/01/32
100,000
95,530
Northern
Oil
&
Gas,
Inc.
8.125%,
03/01/28
(a)
50,000
50,425
Permian
Resources
Operating
LLC
5.875%,
07/01/29
(a)
100,000
100,366
6.250%,
02/01/33
(a)
50,000
50,459
7.000%,
01/15/32
(a)
50,000
51,828
Range
Resources
Corp.
8.250%,
01/15/29
50,000
51,366
Saturn
Oil
&
Gas,
Inc.
9.625%,
06/15/29
(a)
48,000
47,669
SM
Energy
Co.
6.750%,
08/01/29
(a)
50,000
49,830
7.000%,
08/01/32
(a)
50,000
49,326
Talos
Production,
Inc.
9.375%,
02/01/31
(a)
50,000
51,036
TNGR
Intermediate
Holdings
LLC
5.500%,
10/15/29
(a)
50,000
48,473
Vital
Energy,
Inc.
7.875%,
04/15/32
(a)
50,000
42,701
Total
1,754,506
Leisure
2.5%
Carnival
Corp.
5.750%,
03/01/27
(a)
50,000
50,403
5.750%,
03/15/30
(a)
100,000
101,746
6.000%,
05/01/29
(a)
100,000
101,003
6.125%,
02/15/33
(a)
100,000
102,223
Cinemark
USA,
Inc.
7.000%,
08/01/32
(a)
50,000
51,956
Life
Time,
Inc.
6.000%,
11/15/31
(a)
50,000
50,853
Live
Nation
Entertainment,
Inc.
4.750%,
10/15/27
(a)
100,000
98,896
NCL
Corp.
Ltd.
5.875%,
03/15/26
(a)
8,000
8,011
6.750%,
02/01/32
(a)
150,000
153,232
Corporate
Bonds
(continued)
Issue
Description
Principal
Amount
($)
Value
($)
7.750%,
02/15/29
(a)
100,000
106,339
NCL
Finance
Ltd.
6.125%,
03/15/28
(a)
50,000
50,775
Six
Flags
Entertainment
Corp.
7.250%,
05/15/31
(a)
50,000
51,375
Six
Flags
Entertainment
Corp.
/Six
Flags
Theme
Parks,
Inc./
Canada's
Wonderland
Co.
6.625%,
05/01/32
(a)
50,000
51,598
Viking
Cruises
Ltd.
9.125%,
07/15/31
(a)
50,000
53,886
VOC
Escrow
Ltd.
5.000%,
02/15/28
(a)
50,000
49,733
Total
1,082,029
Life
Insurance
0.4%
Aph
Somerset
Investor
2
LLC
/
Aph2
Somerset
Investor
2
LLC
/
Aph3
Somerset
Inves
7.875%,
11/01/29
(a)
129,000
131,968
Global
Atlantic
Fin
Co.
7.950%,
(US
5
Year
CMT
T-Note
+
3.608%),
10/15/54
(a),(b)
50,000
52,016
Total
183,984
Lodging
0.8%
Hilton
Domestic
Operating
Co.,
Inc.
3.625%,
02/15/32
(a)
65,000
58,848
4.000%,
05/01/31
(a)
25,000
23,502
5.875%,
03/15/33
(a)
25,000
25,476
Hilton
Grand
Vacations
Borrower
Escrow
LLC
/
Hilton
Grand
Vacations
Borrower
Esc
6.625%,
01/15/32
(a)
120,000
121,921
Hilton
Grand
Vacations
Borrower
LLC
/
Hilton
Grand
Vacations
Borrower,
Inc.
4.875%,
07/01/31
(a)
50,000
46,069
Travel
+
Leisure
Co.
4.500%,
12/01/29
(a)
50,000
48,136
Total
323,952
Media
and
Entertainment
3.4%
AMC
Networks,
Inc.
10.250%,
01/15/29
(a)
100,000
103,719
Clear
Channel
Outdoor
Holdings,
Inc.
5.125%,
08/15/27
(a)
50,000
49,421
7.500%,
06/01/29
(a)
100,000
92,467
9.000%,
09/15/28
(a)
50,000
52,392
Gray
Media,
Inc.
10.500%,
07/15/29
(a)
150,000
161,182
Lamar
Media
Corp.
3.625%,
01/15/31
65,000
59,991
McGraw-Hill
Education,
Inc.
5.750%,
08/01/28
(a)
50,000
50,188
8.000%,
08/01/29
(a)
75,000
76,301
Nexstar
Media,
Inc.
5.625%,
07/15/27
(a)
100,000
99,753
Outfront
Media
Capital
LLC
/
Outfront
Media
Capital
Corp.
4.625%,
03/15/30
(a)
50,000
47,789
Paramount
Global
6.375%,
(US
5
Year
CMT
T-Note
+
3.999%),
03/30/62
(b)
50,000
48,989
ROBLOX
Corp.
3.875%,
05/01/30
(a)
75,000
70,868
Sinclair
Television
Group,
Inc.
8.125%,
02/15/33
(a)
125,000
126,608
PORTFOLIO
OF
INVESTMENTS
(continued)
Columbia
U.S.
High
Yield
ETF
June
30,
2025
(Unaudited)
Columbia
U.S.
High
Yield
ETF
|
2025
13
Corporate
Bonds
(continued)
Issue
Description
Principal
Amount
($)
Value
($)
Snap,
Inc.
6.875%,
03/01/33
(a)
125,000
128,195
TEGNA,
Inc.
4.625%,
03/15/28
100,000
97,231
Univision
Communications,
Inc.
4.500%,
05/01/29
(a)
50,000
45,497
6.625%,
06/01/27
(a)
50,000
49,879
7.375%,
06/30/30
(a)
50,000
49,119
8.000%,
08/15/28
(a)
50,000
50,742
Total
1,460,331
Metals
and
Mining
1.3%
Alcoa
Nederland
Holding
BV
7.125%,
03/15/31
(a)
50,000
52,431
Arsenal
AIC
Parent
LLC
11.500%,
10/01/31
(a)
50,000
56,131
Cleveland-Cliffs,
Inc.
6.875%,
11/01/29
(a)
100,000
98,471
7.000%,
03/15/32
(a)
100,000
94,335
7.500%,
09/15/31
(a)
50,000
48,226
Compass
Minerals
International,
Inc.
6.750%,
12/01/27
(a)
16,000
16,133
Kaiser
Aluminum
Corp.
4.500%,
06/01/31
(a)
100,000
93,394
Novelis
Corp.
4.750%,
01/30/30
(a)
100,000
95,859
Total
554,980
Midstream
7.3%
AmeriGas
Partners
LP
/
Amerigas
Finance
Corp.
5.750%,
05/20/27
50,000
49,611
Antero
Midstream
Partners
LP
/
Antero
Midstream
Finance
Corp.
5.750%,
03/01/27
(a)
120,000
119,899
6.625%,
02/01/32
(a)
50,000
51,647
Blue
Racer
Midstream
LLC
/
Blue
Racer
Finance
Corp.
7.250%,
07/15/32
(a)
50,000
52,988
Buckeye
Partners
LP
6.875%,
07/01/29
(a)
100,000
103,570
CQP
Holdco
LP
/
BIP-V
Chinook
Holdco
LLC
5.500%,
06/15/31
(a)
250,000
246,905
Delek
Logistics
Partners
LP
/
Delek
Logistics
Finance
Corp.
8.625%,
03/15/29
(a)
100,000
103,829
Ferrellgas
LP
/
Ferrellgas
Finance
Corp.
5.875%,
04/01/29
(a)
50,000
46,287
Genesis
Energy
LP
/
Genesis
Energy
Finance
Corp.
8.250%,
01/15/29
50,000
52,275
Harvest
Midstream
I
LP
7.500%,
05/15/32
(a)
50,000
52,815
Hess
Midstream
Operations
LP
4.250%,
02/15/30
(a)
50,000
48,081
Howard
Midstream
Energy
Partners
LLC
8.875%,
07/15/28
(a)
100,000
104,958
ITT
Holdings
LLC
6.500%,
08/01/29
(a)
100,000
95,134
Kinetik
Holdings
LP
6.625%,
12/15/28
(a)
100,000
102,275
NGL
Energy
Operating
LLC
/
NGL
Energy
Finance
Corp.
8.125%,
02/15/29
(a)
50,000
50,498
8.375%,
02/15/32
(a)
50,000
50,047
Nustar
Logistics
LP
6.375%,
10/01/30
150,000
155,429
Sunoco
LP
6.250%,
07/01/33
(a)
100,000
101,651
Corporate
Bonds
(continued)
Issue
Description
Principal
Amount
($)
Value
($)
7.000%,
05/01/29
(a)
50,000
52,073
Sunoco
LP
/
Sunoco
Finance
Corp.
4.500%,
04/30/30
50,000
48,068
7.000%,
09/15/28
(a)
75,000
77,294
Tallgrass
Energy
Partners
LP
/
Tallgrass
Energy
Finance
Corp.
5.500%,
01/15/28
(a)
50,000
49,709
6.000%,
12/31/30
(a)
50,000
49,096
TransMontaigne
Partners
LLC
8.500%,
06/15/30
(a)
50,000
52,029
Venture
Global
Calcasieu
Pass
LLC
3.875%,
11/01/33
(a)
150,000
131,079
6.250%,
01/15/30
(a)
200,000
206,269
Venture
Global
LNG,
Inc.
7.000%,
01/15/30
(a)
100,000
101,201
8.125%,
06/01/28
(a)
100,000
103,278
8.375%,
06/01/31
(a)
150,000
155,841
9.500%,
02/01/29
(a)
100,000
108,969
9.875%,
02/01/32
(a)
150,000
161,988
Venture
Global
Plaquemines
LNG
LLC
7.750%,
05/01/35
(a)
200,000
216,675
Total
3,101,468
Oil
Field
Services
1.6%
Archrock
Partners
LP
/
Archrock
Partners
Finance
Corp.
6.625%,
09/01/32
(a)
50,000
50,967
Crescent
Energy
Finance
LLC
7.375%,
01/15/33
(a)
50,000
47,850
Enerflex
Ltd.
9.000%,
10/15/27
(a)
46,000
47,438
Nabors
Industries,
Inc.
8.875%,
08/15/31
(a)
50,000
37,233
9.125%,
01/31/30
(a)
110,000
105,312
Noble
Finance
II
LLC
8.000%,
04/15/30
(a)
50,000
50,920
Transocean
Titan
Financing
Ltd.
8.375%,
02/01/28
(a)
45,238
46,272
Transocean,
Inc.
8.500%,
05/15/31
(a)
50,000
44,595
8.750%,
02/15/30
(a)
40,000
41,230
USA
Compression
Partners
LP
/
USA
Compression
Finance
Corp.
7.125%,
03/15/29
(a)
50,000
51,252
Valaris
Ltd.
8.375%,
04/30/30
(a)
100,000
102,492
Weatherford
International
Ltd.
8.625%,
04/30/30
(a)
50,000
51,511
Total
677,072
Other
Financial
Institutions
1.2%
Credit
Acceptance
Corp.
9.250%,
12/15/28
(a)
50,000
53,004
Howard
Hughes
Corp.
(The)
4.125%,
02/01/29
(a)
50,000
47,589
5.375%,
08/01/28
(a)
50,000
49,665
Icahn
Enterprises
LP
/
Icahn
Enterprises
Finance
Corp.
5.250%,
05/15/27
150,000
145,373
9.750%,
01/15/29
50,000
48,844
Kennedy-Wilson,
Inc.
4.750%,
03/01/29
15,000
14,065
4.750%,
02/01/30
75,000
68,628
5.000%,
03/01/31
50,000
45,050
Nationstar
Mortgage
Holdings,
Inc.
5.500%,
08/15/28
(a)
50,000
49,942
Total
522,160
PORTFOLIO
OF
INVESTMENTS
(continued)
Columbia
U.S.
High
Yield
ETF
June
30,
2025
(Unaudited)
14
Columbia
U.S.
High
Yield
ETF
|
2025
Corporate
Bonds
(continued)
Issue
Description
Principal
Amount
($)
Value
($)
Other
Industry
0.6%
Arcosa
,
Inc.
6.875%,
08/15/32
(a)
100,000
103,643
Brand
Industrial
Services,
Inc.
10.375%,
08/01/30
(a)
75,000
69,142
Hillenbrand,
Inc.
6.250%,
02/15/29
50,000
50,924
Williams
Scotsman,
Inc.
6.625%,
06/15/29
(a)
50,000
51,391
Total
275,100
Other
REIT
1.5%
Park
Intermediate
Holdings
LLC
/
PK
Domestic
Property
LLC
/
PK
Finance
Co.-Issuer
4.875%,
05/15/29
(a)
100,000
96,801
RHP
Hotel
Properties
LP
/
RHP
Finance
Corp.
6.500%,
04/01/32
(a)
100,000
102,830
Rithm
Capital
Corp.
8.000%,
04/01/29
(a)
100,000
101,025
Rlj
Lodging
Trust
LP
4.000%,
09/15/29
(a)
50,000
46,672
Service
Properties
Trust
8.375%,
06/15/29
50,000
52,160
8.625%,
11/15/31
(a)
50,000
53,633
Starwood
Property
Trust,
Inc.
7.250%,
04/01/29
(a)
100,000
105,279
XHR
LP
4.875%,
06/01/29
(a)
75,000
72,689
Total
631,089
Packaging
1.3%
Ardagh
Metal
Packaging
Finance
USA
LLC
/
Ardagh
Metal
Packaging
Finance
PLC
3.250%,
09/01/28
(a)
50,000
47,206
4.000%,
09/01/29
(a)
50,000
45,626
Clydesdale
Acquisition
Holdings,
Inc.
6.625%,
04/15/29
(a)
50,000
50,713
6.750%,
04/15/32
(a)
50,000
51,244
8.750%,
04/15/30
(a)
50,000
51,132
Labl
,
Inc.
5.875%,
11/01/28
(a)
50,000
43,748
Mauser
Packaging
Solutions
Holding
Co.
7.875%,
04/15/27
(a)
125,000
127,143
Owens-Brockway
Glass
Container,
Inc.
7.250%,
05/15/31
(a)
115,000
117,915
Total
534,727
Paper
0.5%
Magnera
Corp.
4.750%,
11/15/29
(a)
75,000
66,197
7.250%,
11/15/31
(a)
65,000
61,274
Veritiv
Operating
Co.
10.500%,
11/30/30
(a)
100,000
108,309
Total
235,780
Pharmaceuticals
1.5%
1261229
BC
Ltd.
10.000%,
04/15/32
(a)
125,000
126,121
Bausch
Health
Cos.,
Inc.
4.875%,
06/01/28
(a)
100,000
84,046
11.000%,
09/30/28
(a)
25,000
24,783
Elanco
Animal
Health,
Inc.
6.650%,
08/28/28
100,000
104,084
ENDO
Finance
Holdings,
Inc.
8.500%,
04/15/31
(a)
50,000
53,020
Corporate
Bonds
(continued)
Issue
Description
Principal
Amount
($)
Value
($)
Grifols
SA
4.750%,
10/15/28
(a)
100,000
95,953
Organon
&
Co.
/
Organon
Foreign
Debt
Co.-Issuer
BV
4.125%,
04/30/28
(a)
50,000
48,059
5.125%,
04/30/31
(a)
50,000
43,408
7.875%,
05/15/34
(a)
50,000
45,128
Total
624,602
Property
&
Casualty
3.3%
Acrisure
LLC
/
Acrisure
Finance,
Inc.
4.250%,
02/15/29
(a)
50,000
48,062
6.000%,
08/01/29
(a)
50,000
48,746
7.500%,
11/06/30
(a)
25,000
25,819
8.250%,
02/01/29
(a)
20,000
20,689
8.500%,
06/15/29
(a)
50,000
52,151
Alliant
Holdings
Intermediate
LLC
/
Alliant
Holdings
Co.-Issuer
6.500%,
10/01/31
(a)
50,000
51,008
6.750%,
10/15/27
(a)
100,000
100,168
6.750%,
04/15/28
(a)
50,000
50,817
7.000%,
01/15/31
(a)
50,000
51,726
7.375%,
10/01/32
(a)
15,000
15,477
Amwins
Group,
Inc.
4.875%,
06/30/29
(a)
50,000
48,585
Ardonagh
Finco
Ltd.
7.750%,
02/15/31
(a)
46,000
48,074
Ardonagh
Group
Finance
Ltd.
8.875%,
02/15/32
(a)
45,000
47,353
AssuredPartners
,
Inc.
7.500%,
02/15/32
(a)
25,000
26,790
Baldwin
Insurance
Group
Holdings
LLC
/
Baldwin
Insurance
Group
Holdings
Finance
7.125%,
05/15/31
(a)
75,000
78,018
BroadStreet
Partners,
Inc.
5.875%,
04/15/29
(a)
65,000
64,247
HUB
International
Ltd.
5.625%,
12/01/29
(a)
20,000
19,958
7.250%,
06/15/30
(a)
150,000
156,781
7.375%,
01/31/32
(a)
150,000
156,916
Jones
Deslauriers
Insurance
Management,
Inc.
10.500%,
12/15/30
(a)
50,000
53,542
Liberty
Mutual
Group,
Inc.
4.125%,
(US
5
Year
CMT
T-Note
+
3.315%),
12/15/51
(a),(b)
50,000
48,664
Panther
Escrow
Issuer
LLC
7.125%,
06/01/31
(a)
150,000
155,869
Usi
,
Inc./NY
7.500%,
01/15/32
(a)
20,000
21,107
Total
1,390,567
Railroads
0.5%
Genesee
&
Wyoming,
Inc.
6.250%,
04/15/32
(a)
50,000
51,087
Watco
Cos.
LLC
/
Watco
Finance
Corp.
7.125%,
08/01/32
(a)
150,000
156,606
Total
207,693
Refining
0.1%
PBF
Holding
Co.
LLC
/
PBF
Finance
Corp.
7.875%,
09/15/30
(a)
50,000
44,742
Restaurants
0.8%
1011778
BC
ULC
/
New
Red
Finance,
Inc.
4.000%,
10/15/30
(a)
100,000
93,255
6.125%,
06/15/29
(a)
25,000
25,684
PORTFOLIO
OF
INVESTMENTS
(continued)
Columbia
U.S.
High
Yield
ETF
June
30,
2025
(Unaudited)
Columbia
U.S.
High
Yield
ETF
|
2025
15
Corporate
Bonds
(continued)
Issue
Description
Principal
Amount
($)
Value
($)
Fertitta
Entertainment
LLC
/
Fertitta
Entertainment
Finance
Co.,
Inc.
4.625%,
01/15/29
(a)
25,000
23,967
6.750%,
01/15/30
(a)
165,000
152,385
Yum!
Brands,
Inc.
5.375%,
04/01/32
50,000
50,070
Total
345,361
Retail
REIT
0.2%
Brookfield
Property
REIT,
Inc.
/
BPR
Cumulus
LLC
/
BPR
Nimbus
LLC
/
GGSI
Sellco
LL
5.750%,
05/15/26
(a)
50,000
49,784
Brookfield
Property
REIT,
Inc.
/
BPR
Cumulus
LLC
/
BPR
Nimbus
LLC
/
Ggsi
Sellco
LLC
4.500%,
04/01/27
(a)
38,000
36,965
Total
86,749
Retailers
4.1%
Asbury
Automotive
Group,
Inc.
5.000%,
02/15/32
(a)
125,000
119,056
Bath
&
Body
Works,
Inc.
6.750%,
07/01/36
100,000
101,799
6.875%,
11/01/35
100,000
103,881
Carvana
Co.
9.000%,
12/01/28
(a),(c)
67,971
69,750
9.000%,
06/01/31
(a),(c)
78,500
92,951
11.000%,
06/01/30
(a),(c)
50,000
52,581
Champions
Financing,
Inc.
8.750%,
02/15/29
(a)
50,000
48,190
Gap,
Inc.
(The)
3.875%,
10/01/31
(a)
50,000
44,778
Group
1
Automotive,
Inc.
4.000%,
08/15/28
(a)
50,000
48,321
6.375%,
01/15/30
(a)
50,000
51,459
Hanesbrands,
Inc.
9.000%,
02/15/31
(a)
50,000
52,925
Kohl's
Corp.
5.125%,
05/01/31
100,000
71,581
Lcm
Investments
Holdings
II
LLC
8.250%,
08/01/31
(a)
50,000
53,120
Lithia
Motors,
Inc.
4.375%,
01/15/31
(a)
100,000
95,044
Mavis
Tire
Express
Services
Topco
Corp.
6.500%,
05/15/29
(a)
50,000
49,150
Miter
Brands
Acquisition
Holdco,
Inc.
/
Miwd
Borrower
LLC
6.750%,
04/01/32
(a)
50,000
51,303
Nordstrom,
Inc.
5.000%,
01/15/44
50,000
34,680
Penske
Automotive
Group,
Inc.
3.750%,
06/15/29
50,000
47,477
PetSmart,
Inc.
/
PetSmart
Finance
Corp.
4.750%,
02/15/28
(a)
50,000
48,736
7.750%,
02/15/29
(a)
100,000
97,391
Qvc
,
Inc.
4.750%,
02/15/27
50,000
29,132
Sonic
Automotive,
Inc.
4.875%,
11/15/31
(a)
50,000
47,499
Victoria's
Secret
&
Co.
4.625%,
07/15/29
(a)
75,000
69,964
Walgreens
Boots
Alliance,
Inc.
4.800%,
11/18/44
50,000
47,800
8.125%,
08/15/29
50,000
53,035
Wand
Newco
3,
Inc.
7.625%,
01/30/32
(a)
50,000
52,563
Corporate
Bonds
(continued)
Issue
Description
Principal
Amount
($)
Value
($)
Wolverine
World
Wide,
Inc.
4.000%,
08/15/29
(a)
100,000
89,622
Total
1,723,788
Supermarkets
0.1%
Albertsons
Cos.,
Inc.
/
Safeway,
Inc.
/
New
Albertsons
LP
/
Albertsons
LLC
6.250%,
03/15/33
(a)
50,000
51,607
Technology
7.2%
Amentum
Holdings,
Inc.
7.250%,
08/01/32
(a)
50,000
51,371
AthenaHealth
Group
Inc.
6.500%,
02/15/30
(a)
120,000
118,066
Block,
Inc.
6.500%,
05/15/32
50,000
51,613
Boost
Newco
Borrower
LLC
7.500%,
01/15/31
(a)
75,000
79,658
Capstone
Borrower,
Inc.
8.000%,
06/15/30
(a)
50,000
52,136
Central
Parent
LLC
/
CDK
Global
II
LLC
/
CDK
Financing
Co.,
Inc.
8.000%,
06/15/29
(a)
100,000
82,768
Central
Parent,
Inc.
/
CDK
Global,
Inc.
7.250%,
06/15/29
(a)
75,000
61,120
Clarivate
Science
Holdings
Corp.
4.875%,
07/01/29
(a)
50,000
47,129
Cloud
Software
Group,
Inc.
6.500%,
03/31/29
(a)
150,000
151,364
8.250%,
06/30/32
(a)
100,000
106,459
9.000%,
09/30/29
(a)
200,000
207,356
CommScope
LLC
4.750%,
09/01/29
(a)
75,000
73,217
9.500%,
12/15/31
(a)
25,000
26,163
Conduent
Business
Services
LLC
/
Conduent
State
&
Local
Solutions,
Inc.
6.000%,
11/01/29
(a)
50,000
47,814
CoreWeave
,
Inc.
9.250%,
06/01/30
(a)
50,000
51,119
Fortress
Intermediate
3,
Inc.
7.500%,
06/01/31
(a)
50,000
52,452
Gen
Digital,
Inc.
6.250%,
04/01/33
(a)
100,000
102,800
Helios
Software
Holdings,
Inc.
/
ION
Corporate
Solutions
Finance
Sarl
8.750%,
05/01/29
(a)
100,000
102,834
Imola
Merger
Corp.
4.750%,
05/15/29
(a)
100,000
96,665
ION
Trading
Technologies
Sarl
9.500%,
05/30/29
(a)
50,000
51,653
Iron
Mountain,
Inc.
4.500%,
02/15/31
(a)
100,000
95,235
4.875%,
09/15/29
(a)
50,000
49,074
5.000%,
07/15/28
(a)
50,000
49,596
5.250%,
03/15/28
(a)
100,000
99,402
6.250%,
01/15/33
(a)
50,000
51,402
7.000%,
02/15/29
(a)
50,000
51,718
McAfee
Corp.
7.375%,
02/15/30
(a)
120,000
113,281
NCR
Atleos
Corp.
9.500%,
04/01/29
(a)
50,000
54,730
NCR
Voyix
Corp.
5.125%,
04/15/29
(a)
15,000
14,778
Neptune
Bidco
US,
Inc.
9.290%,
04/15/29
(a)
125,000
121,724
PORTFOLIO
OF
INVESTMENTS
(continued)
Columbia
U.S.
High
Yield
ETF
June
30,
2025
(Unaudited)
16
Columbia
U.S.
High
Yield
ETF
|
2025
Corporate
Bonds
(continued)
Issue
Description
Principal
Amount
($)
Value
($)
Open
Text
Corp.
3.875%,
12/01/29
(a)
50,000
47,111
Open
Text
Holdings,
Inc.
4.125%,
02/15/30
(a)
50,000
47,245
Sabre
GLBL,
Inc.
10.750%,
11/15/29
(a)
54,000
55,514
Seagate
HDD
Cayman
9.625%,
12/01/32
50,000
56,615
Sensata
Technologies,
Inc.
3.750%,
02/15/31
(a)
50,000
45,635
Shift4
Payments
LLC
/
Shift4
Payments
Finance
Sub,
Inc.
6.750%,
08/15/32
(a)
50,000
51,966
SS&C
Technologies,
Inc.
5.500%,
09/30/27
(a)
150,000
150,055
6.500%,
06/01/32
(a)
50,000
51,909
Twilio
,
Inc.
3.875%,
03/15/31
50,000
46,788
UKG,
Inc.
6.875%,
02/01/31
(a)
150,000
155,664
Xerox
Holdings
Corp.
8.875%,
11/30/29
(a)
50,000
37,755
Total
3,060,954
Transportation
Services
0.6%
Avis
Budget
Car
Rental
LLC
/
Avis
Budget
Finance,
Inc.
5.375%,
03/01/29
(a)
50,000
48,182
8.000%,
02/15/31
(a)
50,000
51,756
Clue
Opco
LLC
9.500%,
10/15/31
(a)
35,000
37,098
Rand
Parent
LLC
8.500%,
02/15/30
(a)
100,000
100,327
Total
237,363
Wireless
0.2%
Rogers
Communications,
Inc.
7.000%,
(US
5
Year
CMT
T-Note
+
2.653%),
04/15/55
(b)
50,000
51,139
7.125%,
(US
5
Year
CMT
T-Note
+
2.620%),
04/15/55
(b)
50,000
50,538
Total
101,677
Wirelines
2.3%
Bell
Telephone
Co.
of
Canada
or
Bell
Canada
7.000%,
(US
5
Year
CMT
T-Note
+
2.363%),
09/15/55
(b)
50,000
50,713
Consolidated
Communications,
Inc.
6.500%,
10/01/28
(a)
50,000
50,897
Frontier
Communications
Holdings
LLC
5.000%,
05/01/28
(a)
125,000
124,924
6.000%,
01/15/30
(a)
75,000
76,015
6.750%,
05/01/29
(a)
25,000
25,333
8.625%,
03/15/31
(a)
150,000
159,425
Level
3
Financing,
Inc.
4.500%,
04/01/30
(a)
25,000
22,628
10.750%,
12/15/30
(a)
50,000
56,675
11.000%,
11/15/29
(a)
44,712
51,452
Uniti
Group
LP
/
Uniti
Group
Finance
2019,
Inc.
/
CSL
Capital
LLC
4.750%,
04/15/28
(a)
75,000
73,460
Uniti
Group
LP
/
Uniti
Group
Finance,
Inc.
/
CSL
Capital
LLC
10.500%,
02/15/28
(a)
120,000
127,144
Windstream
Services
LLC
/
Windstream
Escrow
Finance
Corp.
8.250%,
10/01/31
(a)
75,000
78,550
Corporate
Bonds
(continued)
Issue
Description
Principal
Amount
($)
Value
($)
Zayo
Group
Holdings,
Inc.
4.000%,
03/01/27
(a)
100,000
93,780
Total
990,996
Total
Corporate
Bonds
(Cost
$40,652,908)
41,037,941
Money
Market
Funds
1.7%
Shares
Value
($)
Dreyfus
Treasury
Securities
Cash
Management,
Institutional
Shares
4.110%
(d)
739,977
739,977
Total
Money
Market
Funds
(Cost
$739,977)
739,977
Total
Investments
in
Securities
(Cost
$41,392,885)
41,777,918
Other
Assets
&
Liabilities,
Net
718,997
Net
Assets
42,496,915
PORTFOLIO
OF
INVESTMENTS
(continued)
Columbia
U.S.
High
Yield
ETF
June
30,
2025
(Unaudited)
Columbia
U.S.
High
Yield
ETF
|
2025
17
Notes
to
Portfolio
of
Investments
(a)
Represents
privately
placed
and
other
securities
and
instruments
exempt
from
Securities
and
Exchange
Commission
registration
(collectively,
private
placements),
such
as
Section
4(a)(2)
and
Rule
144A
eligible
securities,
which
are
often
sold
only
to
qualified
institutional
buyers.
At
June
30,
2025,
the
total
value
of
these
securities
amounted
to
$34,885,845,
which
represents
82.09%
of
total
net
assets.
(b)
Variable
rate
security.
The
interest
rate
shown
was
the
current
rate
as
of
June
30,
2025.
(c)
Payment-in-kind
security.
Interest
can
be
paid
by
issuing
additional
par
of
the
security
or
in
cash.
(d)
The
rate
shown
is
the
seven-day
current
annualized
yield
at
June
30,
2025.
Investments
are
valued
using
policies
described
in
the
Notes
to
Financial
Statements
included
within
the
most
recent
financial
statements
and
additional
information.
You
may
at
any
time
request,
free
of
charge,
to
receive
a
paper
copy
of
this
report
by
calling
800.345.6611.