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 811-22736

Columbia ETF Trust I

(Exact name of registrant as specified in charter)

290 Congress Street

Boston, MA 02210

(Address of principal executive offices) (Zip code)

Michael G. Clarke

c/o Columbia Management Investment Advisers, LLC

290 Congress Street

Boston, MA 02210

Ryan C. Larrenaga, Esq.

c/o Columbia Management Investment Advisers, LLC

290 Congress Street

Boston, MA 02210

(Name and address of agent for service)

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

Date of fiscal year end: Last Day of October

Date of reporting period: April 30, 2026

Item 1. Reports to Stockholders.

Columbia Diversified Fixed Income Allocation ETF

DIAL | NYSE Arca, Inc.

Semi-Annual Shareholder Report | April 30, 2026

This semi-annual shareholder report contains important information about Columbia Diversified Fixed Income Allocation ETF (the Fund) for the period of November 1, 2025 to April 30, 2026. You can find additional information about the Fund at columbiathreadneedleus.com/resources/literature. You can also request more information by contacting us at 1-800-426-3750.

What were the Fund costs for the reporting period?

(Based on a hypothetical $10,000 investment)

Table Summary
Fund	Cost of a $10,000 investment	Cost paid as a percentage of a $10,000 investment
Columbia Diversified Fixed Income Allocation ETF	$14	0.28%^{Footnote Reference(a)}

Footnote	Description
Footnote^(a)	Annualized

Key Fund Statistics

Table Summary
Fund net assets	$416,807,944
Total number of portfolio holdings	664
Portfolio turnover for the reporting period	109%
Portfolio turnover as of the end of the period excluding transactions in to be announced securities	4%

Columbia Diversified Fixed Income Allocation ETF | SSR290-00_(06/26) |

Graphical Representation of Fund Holdings

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

Top Holdings

Table Summary
Uniform Mortgage-Backed Security, TBA 5.500% 05/01/2056	4.8%
Uniform Mortgage-Backed Security, TBA 6.000% 05/01/2056	4.4%
U.S. Treasury Bills 3.631% 08/06/2026	4.0%
Uniform Mortgage-Backed Security, TBA 5.000% 05/01/2056	3.0%
U.S. Treasury Bills 3.593% 05/28/2026	2.4%
U.S. Treasury Bills 3.608% 06/04/2026	2.4%
U.S. Treasury Bills 3.683% 07/30/2026	2.4%
U.S. Treasury Bills 3.698% 09/24/2026	2.4%
Uniform Mortgage-Backed Security, TBA 6.500% 05/01/2056	1.6%
U.S. Treasury Bonds 2.750% 08/15/2042	1.5%

Asset Allocation

Table Summary
Corporate Bonds		47.8%
Foreign Government Obligations		25.9%
Agency Mortgage-Backed Securities		14.9%
Treasury Bills		13.6%
U.S. Treasury Obligations		9.8%
Money Market Funds		1.1%

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

Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.

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

An image of a QR code that, when scanned, navigates the user to the following URL: https://www.columbiathreadneedleus.com/resources/literature

CET002881

Columbia Diversified Fixed Income Allocation ETF | SSR290-00_(06/26) |

Columbia International Equity Income ETF

INEQ | NYSE Arca, Inc.

Semi-Annual Shareholder Report | April 30, 2026

This semi-annual shareholder report contains important information about Columbia International Equity Income ETF (the Fund) for the period of November 1, 2025 to April 30, 2026. You can find additional information about the Fund at columbiathreadneedleus.com/resources/literature. You can also request more information by contacting us at 1-800-426-3750.

What were the Fund costs for the reporting period?

(Based on a hypothetical $10,000 investment)

Table Summary
Fund	Cost of a $10,000 investment	Cost paid as a percentage of a $10,000 investment
Columbia International Equity Income ETF	$24	0.45%^{Footnote Reference(a)}

Footnote	Description
Footnote^(a)	Annualized

Key Fund Statistics

Table Summary
Fund net assets	$79,652,595
Total number of portfolio holdings	101
Portfolio turnover for the reporting period	62%

Columbia International Equity Income ETF | SSR271-00_(06/26) |

Graphical Representation of Fund Holdings

Geographic Allocation

Table Summary
Japan	28.2%
Germany	13.7%
United Kingdom	12.4%
France	9.6%
Australia	9.0%
United States	7.0%
Italy	4.1%
Singapore	3.9%
Belgium	2.7%
Netherlands	2.3%
Other	5.8%

Top Holdings

Table Summary
TotalEnergies SE (France)	5.5%
Shell PLC (United States)	5.3%
BHP Group Ltd. (Australia)	4.9%
UniCredit SpA (Italy)	4.1%
GSK PLC (United Kingdom)	3.9%
Deutsche Telekom AG (Germany)	3.8%
DBS Group Holdings Ltd. (Singapore)	3.5%
Keyence Corp. (Japan)	3.2%
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (Germany)	3.0%
Tokio Marine Holdings, Inc. (Japan)	3.0%

Sector Allocation

Table Summary
Financials	23.7%
Industrials	14.1%
Energy	11.6%
Health Care	11.4%
Materials	9.8%
Consumer Staples	7.2%
Communication Services	6.8%
Information Technology	4.9%
Consumer Discretionary	4.6%
Utilities	2.6%
Other	2.0%

Availability of Additional Information

Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.

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

CET002881

Columbia International Equity Income ETF | SSR271-00_(06/26) |

Columbia Multi-Sector Municipal Income ETF

MUST | NYSE Arca, Inc.

Semi-Annual Shareholder Report | April 30, 2026

This semi-annual shareholder report contains important information about Columbia Multi-Sector Municipal Income ETF (the Fund) for the period of November 1, 2025 to April 30, 2026. You can find additional information about the Fund at columbiathreadneedleus.com/resources/literature. You can also request more information by contacting us at 1-800-426-3750.

What were the Fund costs for the reporting period?

(Based on a hypothetical $10,000 investment)

Table Summary
Fund	Cost of a $10,000 investment	Cost paid as a percentage of a $10,000 investment
Columbia Multi-Sector Municipal Income ETF	$11	0.23%^{Footnote Reference(a)}

Footnote	Description
Footnote^(a)	Annualized

Key Fund Statistics

Table Summary
Fund net assets	$593,681,198
Total number of portfolio holdings	642
Portfolio turnover for the reporting period	8%

Columbia Multi-Sector Municipal Income ETF | SSR303-00_(06/26) |

Graphical Representation of Fund Holdings

Top States

Table Summary
New York	15.6%
Texas	12.6%
New Jersey	9.8%
Illinois	7.3%
Florida	6.4%
Pennsylvania	6.0%
Colorado	3.9%
Ohio	3.0%
Massachusetts	2.9%
Michigan	2.6%

Asset Allocation

Table Summary
Municipal Bonds		98.6%
Other		0.1%

Availability of Additional Information

Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.

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

CET002881

Columbia Multi-Sector Municipal Income ETF | SSR303-00_(06/26) |

Columbia Research Enhanced Core ETF

RECS | NYSE Arca, Inc.

Semi-Annual Shareholder Report | April 30, 2026

This semi-annual shareholder report contains important information about Columbia Research Enhanced Core ETF (the Fund) for the period of November 1, 2025 to April 30, 2026. You can find additional information about the Fund at columbiathreadneedleus.com/resources/literature. You can also request more information by contacting us at 1-800-426-3750.

What were the Fund costs for the reporting period?

(Based on a hypothetical $10,000 investment)

Table Summary
Fund	Cost of a $10,000 investment	Cost paid as a percentage of a $10,000 investment
Columbia Research Enhanced Core ETF	$8	0.15%^{Footnote Reference(a)}

Footnote	Description
Footnote^(a)	Annualized

Key Fund Statistics

Table Summary
Fund net assets	$5,425,451,994
Total number of portfolio holdings	368
Portfolio turnover for the reporting period	35%

Columbia Research Enhanced Core ETF | SSR305-00_(06/26) |

Graphical Representation of Fund Holdings

Sector Allocation

Table Summary
Information Technology	30.8%
Financials	12.9%
Consumer Discretionary	10.0%
Health Care	9.4%
Industrials	8.8%
Communication Services	8.7%
Consumer Staples	4.9%
Energy	3.8%
Utilities	2.5%
Materials	2.3%
Other	2.3%

Top Holdings

Table Summary
NVIDIA Corp.	9.1%
Apple, Inc.	8.4%
Microsoft Corp.	6.3%
Alphabet, Inc., Class C	3.4%
Meta Platforms, Inc., Class A	2.4%
Procter & Gamble Co.	2.2%
Alphabet, Inc., Class A	2.0%
Exxon Mobil Corp.	1.8%
Wells Fargo & Co.	1.7%
Booking Holdings, Inc.	1.5%

Asset Allocation

Table Summary
Common Stocks		96.4%
Exchange-Traded Funds		3.2%
Other		0.4%

Availability of Additional Information

Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.

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

CET002881

Columbia Research Enhanced Core ETF | SSR305-00_(06/26) |

Columbia Research Enhanced Value ETF

REVS | NYSE Arca, Inc.

Semi-Annual Shareholder Report | April 30, 2026

This semi-annual shareholder report contains important information about Columbia Research Enhanced Value ETF (the Fund) for the period of November 1, 2025 to April 30, 2026. You can find additional information about the Fund at columbiathreadneedleus.com/resources/literature. You can also request more information by contacting us at 1-800-426-3750.

What were the Fund costs for the reporting period?

(Based on a hypothetical $10,000 investment)

Table Summary
Fund	Cost of a $10,000 investment	Cost paid as a percentage of a $10,000 investment
Columbia Research Enhanced Value ETF	$10	0.19%^{Footnote Reference(a)}

Footnote	Description
Footnote^(a)	Annualized

Key Fund Statistics

Table Summary
Fund net assets	$284,447,731
Total number of portfolio holdings	310
Portfolio turnover for the reporting period	28%

Columbia Research Enhanced Value ETF | SSR306-00_(06/26) |

Graphical Representation of Fund Holdings

Sector Allocation

Table Summary
Financials	20.1%
Industrials	12.8%
Information Technology	12.1%
Health Care	11.4%
Communication Services	8.5%
Consumer Staples	7.2%
Energy	7.1%
Consumer Discretionary	7.0%
Utilities	4.6%
Materials	4.2%
Other	4.1%

Top Holdings

Table Summary
Exxon Mobil Corp.	3.5%
Procter & Gamble Co.	3.3%
Wells Fargo & Co.	3.3%
Alphabet, Inc., Class A	3.3%
Cisco Systems, Inc.	3.0%
Alphabet, Inc., Class C	2.6%
Citigroup, Inc.	2.3%
Pfizer, Inc.	2.2%
Advanced Micro Devices, Inc.	2.0%
Chevron Corp.	1.9%

Asset Allocation

Table Summary
Common Stocks		99.1%
Other		0.8%

Availability of Additional Information

Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.

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

CET002881

Columbia Research Enhanced Value ETF | SSR306-00_(06/26) |

Columbia Select Technology ETF

SEMI | NYSE Arca, Inc.

Semi-Annual Shareholder Report | April 30, 2026

This semi-annual shareholder report contains important information about Columbia Select Technology ETF (the Fund) for the period of November 1, 2025 to April 30, 2026. You can find additional information about the Fund at columbiathreadneedleus.com/resources/literature. You can also request more information by contacting us at 1-800-426-3750.

What were the Fund costs for the reporting period?

(Based on a hypothetical $10,000 investment)

Table Summary
Fund	Cost of a $10,000 investment	Cost paid as a percentage of a $10,000 investment
Columbia Select Technology ETF	$39	0.75%^{Footnote Reference(a)}

Footnote	Description
Footnote^(a)	Annualized

Key Fund Statistics

Table Summary
Fund net assets	$42,400,560
Total number of portfolio holdings	36
Portfolio turnover for the reporting period	10%

Columbia Select Technology ETF | SSR321-00_(06/26) |

Graphical Representation of Fund Holdings

Sub-Industry Allocation

Table Summary
Semiconductors	41.2%
Semiconductor Materials & Equipment	13.0%
Technology Hardware, Storage & Peripherals	9.3%
Systems Software	8.9%
Communications Equipment	3.2%
Application Software	3.2%
Electronic Components	1.7%
Other	0.9%

Top Holdings

Table Summary
NVIDIA Corp.	16.1%
Broadcom, Inc.	10.3%
Apple, Inc.	7.9%
Lam Research Corp.	6.6%
Microsoft Corp.	6.5%
Alphabet, Inc., Class A	5.0%
Taiwan Semiconductor Manufacturing Co. Ltd.	4.6%
Micron Technology, Inc.	4.4%
Amazon.com, Inc.	4.0%
ASML Holding NV	3.0%

Sector Allocation

Table Summary
Information Technology	81.4%
Communication Services	8.8%
Consumer Discretionary	4.0%
Financials	3.4%
Industrials	0.7%

Availability of Additional Information

Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.

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

CET002881

Columbia Select Technology ETF | SSR321-00_(06/26) |

Columbia Short Duration Bond ETF

SBND | NYSE Arca, Inc.

Semi-Annual Shareholder Report | April 30, 2026

This semi-annual shareholder report contains important information about Columbia Short Duration Bond ETF (the Fund) for the period of November 1, 2025 to April 30, 2026. You can find additional information about the Fund at columbiathreadneedleus.com/resources/literature. You can also request more information by contacting us at 1-800-426-3750.

What were the Fund costs for the reporting period?

(Based on a hypothetical $10,000 investment)

Table Summary
Fund	Cost of a $10,000 investment	Cost paid as a percentage of a $10,000 investment
Columbia Short Duration Bond ETF	$12	0.25%^{Footnote Reference(a)}

Footnote	Description
Footnote^(a)	Annualized

Key Fund Statistics

Table Summary
Fund net assets	$202,168,657
Total number of portfolio holdings	1,236
Portfolio turnover for the reporting period	92%
Portfolio turnover as of the end of the period excluding transactions in to be announced securities	1%

Columbia Short Duration Bond ETF | SSR314-00_(06/26) |

Graphical Representation of Fund Holdings

Top Holdings

Table Summary
Uniform Mortgage-Backed Security, TBA 5.000% 05/01/2041	3.5%
Uniform Mortgage-Backed Security, TBA 5.500% 05/01/2041	2.4%
Uniform Mortgage-Backed Security, TBA 4.500% 05/01/2041	2.4%
Uniform Mortgage-Backed Security, TBA 4.000% 05/01/2039	0.9%
Uniform Mortgage-Backed Security, TBA 6.000% 05/01/2041	0.8%
T-Mobile USA, Inc. 2.550% 02/15/2031	0.4%
HCA, Inc. 3.625% 03/15/2032	0.4%
Amgen, Inc. 5.250% 03/02/2030	0.4%
Xcel Energy, Inc. 4.600% 06/01/2032	0.4%
Boeing Co. 5.150% 05/01/2030	0.4%

Asset Allocation

Table Summary
Corporate Bonds		53.3%
Foreign Government Obligations		15.8%
Money Market Funds		10.1%
Non-Agency Asset-Backed Securities		10.0%
Non-Agency Commercial Mortgage-Backed Securities		10.0%
Agency Mortgage-Backed Securities		10.0%

Availability of Additional Information

Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.

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

CET002881

Columbia Short Duration Bond ETF | SSR314-00_(06/26) |

Columbia U.S. Equity Income ETF

EQIN | NYSE Arca, Inc.

Semi-Annual Shareholder Report | April 30, 2026

This semi-annual shareholder report contains important information about Columbia U.S. Equity Income ETF (the Fund) for the period of November 1, 2025 to April 30, 2026. You can find additional information about the Fund at columbiathreadneedleus.com/resources/literature. You can also request more information by contacting us at 1-800-426-3750.

What were the Fund costs for the reporting period?

(Based on a hypothetical $10,000 investment)

Table Summary
Fund	Cost of a $10,000 investment	Cost paid as a percentage of a $10,000 investment
Columbia U.S. Equity Income ETF	$18	0.35%^{Footnote Reference(a)}

Footnote	Description
Footnote^(a)	Annualized

Key Fund Statistics

Table Summary
Fund net assets	$276,355,481
Total number of portfolio holdings	101
Portfolio turnover for the reporting period	12%

Columbia U.S. Equity Income ETF | SSR272-00_(06/26) |

Graphical Representation of Fund Holdings

Sector Allocation

Table Summary
Financials	27.4%
Energy	15.2%
Industrials	11.6%
Consumer Staples	9.8%
Consumer Discretionary	8.0%
Information Technology	7.7%
Communication Services	6.5%
Health Care	6.2%
Utilities	4.2%
Materials	2.4%

Top Holdings

Table Summary
Exxon Mobil Corp.	4.7%
JPMorgan Chase & Co.	4.7%
Chevron Corp.	4.2%
Bank of America Corp.	4.2%
Procter & Gamble Co.	3.7%
UnitedHealth Group, Inc.	3.7%
Home Depot, Inc.	3.6%
Goldman Sachs Group, Inc.	3.0%
Philip Morris International, Inc.	2.8%
Wells Fargo & Co.	2.8%

Asset Allocation

Table Summary
Common Stocks		99.0%
Other		0.9%

Availability of Additional Information

Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.

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

CET002881

Columbia U.S. Equity Income ETF | SSR272-00_(06/26) |

Portfolio

Investments

(continued)

Columbia

International

Equity

Income

ETF,

April

30,

2026

(Unaudited)

The

accompanying

Notes

Financial

Statements

are

integral

part

this

statement.

Columbia

ETF

Trust

2026

Fair

value

measurements

The

Fund

categorizes

its

fair

value

measurements

according

three-level

hierarchy

that

maximizes

the

use

observable

inputs

and

minimizes

the

use

unobservable

inputs

prioritizing

that

the

most

observable

input

used

when

available.

Observable

inputs

are

those

that

market

participants

would

use

pricing

investment

based

market

data

obtained

from

sources

independent

the

reporting

entity.

Unobservable

inputs

are

those

that

reflect

the

Fund's

assumptions

about

the

information

market

participants

would

use

pricing

investment.

investment’s

level

within

the

fair

value

hierarchy

based

the

lowest

level

any

input

that

deemed

significant

the

asset's

liability’s

fair

value

measurement.

The

input

levels

are

not

necessarily

indication

the

risk

liquidity

associated

with

investments

that

level.

For

example,

certain

U.S.

government

securities

are

generally

high

quality

and

liquid,

however,

they

are

reflected

Level

because

the

inputs

used

determine

fair

value

may

not

always

quoted

prices

active

market.

Fair

value

inputs

are

summarized

the

three

broad

levels

listed

below:

Level

—

Valuations

based

quoted

prices

for

investments

active

markets

that

the

Fund

has

the

ability

access

the

measurement

date.

Valuation

adjustments

are

not

applied

Level

investments.

Level

—

Valuations

based

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

prepayment

speeds,

credit

risks,

etc.).

Level

—

Valuations

based

significant

unobservable

inputs

(including

the

Fund's

own

assumptions

and

judgment

determining

the

fair

value

investments).

Inputs

that

are

used

determining

fair

value

investment

may

include

price

information,

credit

data,

volatility

statistics,

and

other

factors.

These

inputs

can

either

observable

unobservable.

The

availability

observable

inputs

can

vary

between

investments,

and

affected

various

factors

such

the

type

investment,

and

the

volume

and

level

activity

for

that

investment

similar

investments

the

marketplace.

The

inputs

will

considered

the

Investment

Manager,

along

with

any

other

relevant

factors

the

calculation

investment’s

fair

value.

The

Fund

uses

prices

and

inputs

that

are

current

the

measurement

date,

which

may

include

periods

market

dislocations.

During

these

periods,

the

availability

prices

and

inputs

may

reduced

for

many

investments.

This

condition

could

cause

investment

reclassified

between

the

various

levels

within

the

hierarchy.

Investments

falling

into

the

Level

category,

any,

are

primarily

supported

quoted

prices

from

brokers

and

dealers

participating

the

market

for

those

investments.

However,

these

may

classified

Level

investments

due

lack

market

transparency

and

corroboration

support

these

quoted

prices.

Additionally,

valuation

models

may

used

the

pricing

source

for

any

remaining

investments

classified

Level

These

models

may

rely

one

significant

unobservable

inputs

and/

significant

assumptions

the

Investment

Manager.

Inputs

used

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),

valuation

designee,

responsible

for

determining

the

fair

value

the

assets

the

Fund

for

which

market

quotations

are

not

readily

available

using

valuation

procedures

approved

the

Board.

The

Committee

consists

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

least

monthly

review

and

approve

valuation

matters,

which

may

include

description

specific

valuation

determinations,

data

regarding

pricing

information

received

from

approved

pricing

vendors

and

brokers

and

the

results

Board-approved

valuation

policies

and

procedures

(the

Policies).

The

Policies

address,

among

other

things,

instances

when

market

quotations

are

not

readily

available,

including

recommendations

third

party

pricing

vendors

and

determination

appropriate

pricing

methodologies;

events

that

require

specific

valuation

determinations

and

assessment

fair

value

techniques;

securities

with

potential

for

stale

pricing,

including

those

that

are

illiquid,

restricted,

default;

and

the

effectiveness

third

party

pricing

vendors,

including

periodic

reviews

vendors.

The

Committee

meets

frequently,

needed,

discuss

additional

valuation

matters,

which

may

include

the

need

review

back-testing

results,

review

time-

sensitive

information

approve

valuation

actions.

Representatives

Columbia

Management

Investment

Advisers,

LLC

report

the

Board

each

its

regularly

scheduled

meetings

discuss

valuation

matters

and

actions

during

the

period,

similar

those

described

earlier.

The

following

table

summary

the

inputs

used

value

the

Fund’s

investments

April

30,

2026:

(b)

Represents

privately

placed

and

other

securities

and

instruments

exempt

from

Securities

and

Exchange

Commission

registration

(collectively,

private

placements),

such

Section

4(a)(2)

and

Rule

144A

eligible

securities,

which

are

often

sold

only

qualified

institutional

buyers.

April

30,

2026,

the

total

value

these

securities

amounted

$287,273,

which

represents

0.36%

total

net

assets.

(c)

The

rate

shown

the

seven-day

current

annualized

yield

April

30,

2026.

Level

($)

Level

($)

Level

($)

Total

($)

Investments

Securities

Common

Stocks

Australia

7,128,969

—

7,128,969

Austria

283,982

—

283,982

Belgium

2,154,870

—

2,154,870

China

340,098

—

340,098

France

7,652,376

—

7,652,376

Germany

10,934,181

—

10,934,181

Hong

Kong

287,273

—

287,273

Indonesia

402,316

—

402,316

Israel

1,054,082

—

1,054,082

Italy

3,236,358

—

3,236,358

Japan

22,557,459

—

22,557,459

Netherlands

1,794,570

—

1,794,570

New

Zealand

105,887

—

105,887

Singapore

3,135,461

—

3,135,461


By:		/s/ Michael G. Clarke
Name:		Michael G. Clarke
Title:		President and Principal Executive Officer

Date:		June 22, 2026


By:		/s/ Michael G. Clarke
Name:		Michael G. Clarke
Title:		President and Principal Executive Officer

Date:		June 22, 2026

By:		/s/ Charles H. Chiesa
Name:		Charles H. Chiesa
Title:		Chief Financial Officer and Principal Financial Officer

Date:		June 22, 2026

By:		/s/ Marybeth Pilat
Name:		Marybeth Pilat
Title:		Treasurer, Chief Accounting Officer and Principal Financial Officer

Date:		June 22, 2026