MUST

Columbia Multi-Sector Municipal Income ETF
*Unless otherwise stated, data provided by FactSet.

MUST Fund Description

MUST tracks an index with fixed-weight exposure to multiple sectors of the US municipal bond market. Each sector is market-value weighted.

MUST Factset Analytics Insight

MUST takes a top-down sector approach to municipal bond investing. The fund has fixed-weight exposure to five sectors that are rather idiosyncratically defined: “core” revenue (45%), consisting of power, transportation, education, and leasing revenue bonds, health care revenue bonds (20%), high quality (15%), consisting of housing and water & sewer revenue bonds, general obligation bonds (10%), and high yield bonds (10%). Minimum credit quality varies by sector, but tends to be high—AA or higher in most cases, and B or higher in the high yield sector. Note that the “high quality” sector actually has slightly lower credit requirements than all but the high yield sector. Time-to-maturity windows likewise vary by sector and skew long, ranging from 2-10 years for general obligation bonds to 10-25 years for the health care and high yield sectors. Holdings are market-value-weighted within each sector, with quarterly rebalancing. In total, at least 80% of MUST is invested in revenue bonds, roughly approximating the market.

PERFORMANCE [as of 07/29/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
MUST 1.05% 1.76% 2.46% 5.43% -- -- --
MUST (NAV) 1.05% 1.71% 2.90% 5.46% -- -- --
Beta Advantage Multi-Sector Municipal Bond Index 1.04% 1.66% 2.76% 5.46% 6.03% -- --
Barclays Municipal Bond 0.91% 1.40% 1.89% 3.55% 5.30% 3.41% 4.27%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

MUST Summary Data

Columbia
10/10/18
Open-Ended Fund
0.23%
$115.86M
$700.81K
0.18%

MUST Portfolio Data

5.36
--
2.36%
N/A
425

MUST Index Data

Beta Advantage Multi-Sector Municipal Bond Index
Fixed
Fixed
Barclays Municipal Bond

MUST Portfolio Management

0.23%
0.43%
0.74%
-0.68%

MUST Tax Exposures

20.00% / 39.60%
0.11%
Ordinary income
No

MUST Fund Structure

Open-Ended Fund
No
No
-- / --
N/A
N/A
Low
Daily

MUST Factset Analytics Block Liquidity

As of 07/30/21
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of MUST. MUST is rated a N/A out of 5.

MUST Tradability

30,949
$700.81K
28,490
$649.22K
0.18%
$0.04
0.37%
0.92% / -0.07%
None
100.00%
50,000
0.57
0.04%
--
0
$22.71
N/A

MUST Sector/Industry Breakdown


MUST
Segment Benchmark
87.99%
--
10.33%
--
1.68%
--

MUST Top 10 Holdings[View All]

0.60%
0.55%
0.51%
0.51%
0.49%
0.49%
0.48%
0.47%
0.47%
0.46%
5.04%

MUST Top 5 Countries


MUST
Segment Benchmark
100.00%
--

MUST Top 5 Currencies


MUST
Segment Benchmark
100.00%
--

MUST Performance Statistics

0.94
1.00
--
--
--

MUST Holdings Statistics

5.96 years
5.36
2.36%
5.35
Low
425
0.67%

MUST Avg Life Maturity Distribution

2.70%
5.30%
4.80%
25.19%
31.64%
24.92%
2.96%
1.18%
1.31%

MUST OAS Breakdown

81.01%
15.61%
2.02%
0.72%
0.54%
0.10%
--
--
--
--
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