Macquarie ETF Trust NPORT-P Macquarie Global Listed Infrastructure ETF (Dec 2023 report)

Schedule

of

Investments

Macquarie

Energy

Transition

ETF

1

December

31,

2023

(Unaudited)

NQ-PWER

(1223)

0224

(3395476)

Number

of

shares

Value

(US

$)

Common

Stocks

—

98.99%

Chemicals

-

7.52%

Air

Products

&

Chemicals,

Inc.

563

$

154,149

CF

Industries

Holdings,

Inc.

3,359

267,041

421,190

Electrical

Equipment

-

11.28%

Fluence

Energy,

Inc.

†

1,337

31,888

Generac

Holdings,

Inc.

†

1,354

174,991

GrafTech

International

Ltd.

61,897

135,554

Net

Power,

Inc.

†

4,892

49,409

NuScale

Power

Corp.

†

18,265

60,092

Sunrun,

Inc.

†

9,141

179,438

631,372

Energy

Equipment

&

Services

-

5.45%

Baker

Hughes

Co.

4,501

153,844

Schlumberger

NV

2,911

151,489

305,333

Food

Products

-

3.43%

Darling

Ingredients,

Inc.

†

3,857

192,233

192,233

Independent

Power

and

Renewable

Electricity

Producers

-

0.61%

Spruce

Power

Holding

Corp.

†

7,673

33,915

33,915

Metals

&

Mining

-

28.62%

Alcoa

Corp.

7,754

263,636

Anglo

American

plc

4,809

120,794

ERO

Copper

Corp.

†

12,451

196,859

Foran

Mining

Corp.

†

11,530

33,936

Freeport-McMoRan,

Inc.

5,569

237,072

Hudbay

Minerals,

Inc.

46,364

255,080

Lifezone

Metals

Ltd.

†

2,919

26,388

MP

Materials

Corp.

†

12,973

257,514

2

NQ-PWER

(1223)

0224

(3395476)

Number

of

shares

Value

(US

$)

Common

Stocks

(continued)

Metals

&

Mining

(continued)

Wheaton

Precious

Metals

Corp.

4,281

$

211,224

1,602,503

Oil,

Gas

&

Consumable

Fuels

-

29.99%

Cameco

Corp.

1,125

48,487

Centrus

Energy

Corp.,

Class

A

†

995

54,138

Chesapeake

Energy

Corp.

1,875

144,263

Chord

Energy

Corp.

318

52,861

ConocoPhillips

1,366

158,552

EOG

Resources,

Inc.

416

50,315

EQT

Corp.

3,800

146,908

Equinor

ASA

ADR

4,664

147,569

Marathon

Petroleum

Corp.

1,256

186,340

NAC

Kazatomprom

JSC

GDR

1,248

51,043

Occidental

Petroleum

Corp.

895

53,440

Shell

plc

ADR

3,873

254,843

Tourmaline

Oil

Corp.

3,147

141,527

Valero

Energy

Corp.

1,456

189,280

1,679,566

Semiconductors

&

Semiconductor

Equipment

-

12.09%

Enphase

Energy,

Inc.

†

1,566

206,931

First

Solar,

Inc.

†

1,647

283,745

SolarEdge

Technologies,

Inc.

†

1,990

186,264

676,940

Total

Common

Stocks

(cost

$5,046,962)

5,543,052

Investment

Companies

—

1.01%

Sprott

Physical

Uranium

Trust

2,650

56,518

Total

Investment

Companies

(cost

$51,335)

56,518

Schedule

of

Investments

Macquarie

Energy

Transition

ETF

3

NQ-PWER

(1223)

0224

(3395476)

Number

of

shares

Value

(US

$)

Short-Term

Investments

—

0.02%

Money

Market

Mutual

Funds

-

0.02%

JPMorgan

U.S.

Government

Money

Market

Fund

—

Class

Morgan

(seven-day

effective

yield

4.84%)

1,298

$

1,298

Total

Short-Term

Investments

(Cost

$1,298)

1,298

Total

Value

of

Securities

—

100.02%

        (cost

$5,099,595)

5,600,868

Liabilities

Net

of

Receivables

and

Other

Assets

—

(0.02%)

(1,329)

Net

Assets

Applicable

to

204,000

Shares

Outstanding

—

100.00%

$5,599,539

†

Non-income

producing

security.

Summary

of

abbreviations:

ADR

–

American

Depositary

Receipt

GDR

–

Global

Depositary

Receipt

JSC

–

Joint

Stock

Company

Schedule

of

Investments

Macquarie

Global

Listed

Infrastructure

ETF

4

December

31,

2023

(Unaudited)

NQ-BILD

(1223)

0224

(3395502)

Number

of

shares

Value

(US

$)

Common

Stocks

—

99.79%

Δ

Australia

-

6.79%

APA

Group

31,896

$

185,621

Transurban

Group

17,848

166,748

352,369

Canada

-

6.35%

Canadian

National

Railway

Co.

1,336

167,926

Hydro

One

Ltd.

144A

#

5,384

161,311

329,237

Denmark

-

5.26%

Orsted

A/S

144A

#

4,920

272,714

272,714

France

-

3.00%

Vinci

SA

1,240

155,644

155,644

Italy

-

14.53%

Enav

SpA

144A

#

55,232

209,504

Enel

SpA

17,768

132,009

Snam

SpA

45,104

231,784

Terna

-

Rete

Elettrica

Nazionale

21,648

180,528

753,825

Japan

-

6.37%

East

Japan

Railway

Co.

4,000

230,610

West

Japan

Railway

Co.

2,400

100,102

330,712

New

Zealand

-

3.34%

Auckland

International

Airport

Ltd.

31,160

173,341

173,341

Spain

-

3.56%

Cellnex

Telecom

SA

144A

#

4,696

184,867

184,867

Switzerland

-

3.80%

Flughafen

Zurich

AG

944

197,095

197,095

United

Kingdom

-

18.55%

Pennon

Group

plc

15,720

150,582

Severn

Trent

plc

9,528

313,216

5

NQ-BILD

(1223)

0224

(3395502)

Number

of

shares

Value

(US

$)

Common

Stocks

(continued)

United

Kingdom

(continued)

SSE

plc

10,856

$

256,826

United

Utilities

Group

plc

17,896

241,684

962,308

United

States

-

28.24%

CMS

Energy

Corp.

2,616

151,911

Crown

Castle,

Inc.

2,096

241,438

Essential

Utilities,

Inc.

6,376

238,144

Eversource

Energy

2,960

182,691

Exelon

Corp.

5,096

182,946

NextEra

Energy,

Inc.

4,784

290,580

Sempra

2,376

177,559

1,465,269

Total

Common

Stocks

(cost

$4,986,075)

5,177,381

Total

Value

of

Securities

—

99.79%

      (cost

$4,986,075)

5,177,381

Receivables

and

Other

Assets

Net

of

Liabilities

—

0.21%

10,727

Net

Assets

Applicable

to

200,000

Shares

Outstanding

—

100.00%

$5,188,108

Δ

Securities

have

been

classified

by

country

of

risk.

#

Security

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933,

as

amended.

At

December

31,

2023,

the

aggregate

value

of

Rule

144A

securities

was

$828,396,

which

represents

15.97%

of

the

Fund's

net

assets.

Summary

of

abbreviations:

AG

–

Aktiengesellschaft

REIT

–

Real

Estate

Investment

Trust

SPA

–

Stand-by

Purchase

Agreement

Schedule

of

Investments

Macquarie

Tax-Free

USA

Short

Term

ETF

6

December

31,

2023

(Unaudited)

NQ-STAX

(1223)

0224

(3395511)

Principal

amount

°

Value

(US

$)

Municipal

Bonds

  —

98.12%

Building

Revenue

Bonds

-

2.16%

California

State

Public

Works

Board

Series

2013I  5.50%

11/1/30

110,000

$

110,000

110,000

Education

Certificates

of

Participation

-

4.04%

Minneapolis

Special

School

District

No.

1

Series

2020A  5.00%

4/1/25

200,000

205,315

205,315

Education

General

Obligation

Bonds

-

4.53%

State

of

Texas

(College

Student

Loan)

Series

2018  5.00%

8/1/26

(AMT)

220,000

230,437

230,437

Education

Revenue

Bonds

-

14.29%

Arizona

Industrial

Development

Authority

Series

2022A  5.00%

11/1/28

125,000

136,406

Colorado

Educational

&

Cultural

Facilities

Authority

Series

2014  4.50%

11/1/29

200,000

200,484

Montgomery

County

Higher

Education

and

Health

Authority

(Thomas

Jefferson

University

Project)

Series

2019  5.00%

9/1/29

125,000

136,954

Pennsylvania

Higher

Educational

Facilities

Authority

(Trustees

University)

Series

2016A  5.00%

8/15/27

140,000

148,310

Pennsylvania

State

University

(The)

Series

2015B  5.00%

9/1/25

100,000

103,861

726,015

General

Purpose

General

Obligation

Bonds

-

5.66%

District

of

Columbia

Series

2019A  5.00%

10/15/25

195,000

203,189

State

of

New

Jersey

(Covid-19

General

Obligation

Emergency

Bonds)

Series

2020A  5.00%

6/1/29

75,000

84,673

287,862

7

NQ-STAX

(1223)

0224

(3395511)

Principal

amount

°

Value

(US

$)

Municipal

Bonds

(continued)

Health

Revenue

Bonds

-

15.82%

Augusta

Development

Authority

(AU

Health

System,

Inc.

Project)

Series

2018  5.00%

7/1/28

135,000

$

145,720

Charlotte-Mecklenburg

Hospital

Authority

(The)

(Carolinas

HealthCare

System)

Series

2016A  5.00%

1/15/24

115,000

115,055

Colorado

Health

Facilities

Authority

(Valley

View

Hospital

Association

Project)

Series

2017A  5.00%

5/15/27

150,000

158,947

Series

2019A-1  5.00%

8/1/29

110,000

120,088

Cumberland

County

Municipal

Authority

Series

2019  5.00%

11/1/27

145,000

155,993

Washington

Health

Care

Facilities

Authority

(

CommonSpirit

Health)

Series

2019A-2  5.00%

8/1/28

100,000

107,917

803,720

Tax-Revenue

Revenue

Bonds

-

6.00%

Central

Puget

Sound

Regional

Transit

Authority

Series

2015S-1  5.00%

11/1/25

100,000

104,208

New

York

State

Urban

Development

Corp.

Series

2014A  5.00%

3/15/29

200,000

200,754

304,962

Transportation

Revenue

Bonds

-

18.28%

City

&

County

of

Denver

Series

2022D  5.25%

11/15/26

(AMT)

120,000

126,987

City

of

Los

Angeles

Department

of

Airports

(Senior

Revenue)

Series

2015A  5.00%

5/15/28

(AMT)

135,000

137,637

County

of

Clark

Department

of

Aviation

Series

2019A  5.00%

7/1/24

100,000

100,987

New

Jersey

Transportation

Trust

Fund

Authority

(Transportation

Program)

Series

2014AA  5.00%

6/15/26

200,000

201,234

North

Texas

Tollway

Authority

(System

1st

Tier)

Series

2014A  5.00%

1/1/25

200,000

200,615

Schedule

of

Investments

Macquarie

Tax-Free

USA

Short

Term

ETF

8

NQ-STAX

(1223)

0224

(3395511)

Principal

amount

°

Value

(US

$)

Municipal

Bonds

(continued)

Transportation

Revenue

Bonds

(continued)

Triborough

Bridge

&

Tunnel

Authority

Series

2021A  5.00%

11/1/25

155,000

$

161,494

928,954

Utility

Revenue

Bonds

-

19.14%

City

of

Chaska

Series

2015A  5.00%

10/1/28

155,000

160,830

City

of

Chicago

Series

2004  5.00%

11/1/26

235,000

248,907

New

York

City

Municipal

Water

Finance

Authority

Series

2022,

Sub

Series

BB-2  5.00%

6/15/27

245,000

255,868

Pittsburgh

Water

&

Sewer

Authority

Series

2017A  5.00%

9/1/29

(AGM)

185,000

201,155

Utility

Debt

Securitization

Authority

Series

2016A  5.00%

6/15/28

100,000

105,924

972,684

Various

Purpose

General

Obligation

Bonds

-

8.20%

Commonwealth

of

Pennsylvania

Series

2017  5.00%

1/1/25

200,000

204,410

State

of

Connecticut

Series

2020E  5.00%

9/15/28

190,000

212,245

416,655

Total

Municipal

Bonds

(cost

$4,924,776)

4,986,604

Total

Value

of

Securities

—

98.12%

        (cost

$4,924,776)

4,986,604

Receivables

and

Other

Assets

Net

of

Liabilities

—

1.88%

95,396

Net

Assets

Applicable

to

200,000

Shares

Outstanding

—

100.00%

$5,082,000

°

Principal

amount

shown

is

stated

in

USD

unless

noted

that

the

security

is

denominated

in

another

currency.

Summary

of

abbreviations:

AGM

–

Insured

by

Assured

Guaranty

Municipal

Corporation

AMT

–

Subject

to

Alternative

Minimum

Tax