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 10/21/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
MUST -1.11% -1.28% 1.10% 3.99% 6.17% -- --
MUST (NAV) -1.19% -1.38% 1.38% 4.24% 6.08% -- --
Beta Advantage Multi-Sector Municipal Bond Index -1.21% -1.37% 1.25% 4.20% 5.87% -- --
Barclays Municipal Bond -1.14% -1.43% 0.41% 2.62% 5.17% 3.38% 3.89%
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%
$138.66M
$1.19M
0.14%

MUST Portfolio Data

5.31
--
2.28%
N/A
512

MUST Index Data

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

MUST Portfolio Management

0.23%
0.01%
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 10/22/21
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

54,550
$1.19M
39,271
$872.46K
0.14%
$0.03
0.33%
0.92% / -0.09%
None
100.00%
50,000
0.79
0.04%
--
0
$22.30
N/A

MUST Sector/Industry Breakdown


MUST
Segment Benchmark
87.99%
--
10.74%
--
1.27%
--

MUST Top 10 Holdings[View All]

1.03%
0.56%
0.56%
0.50%
0.49%
0.47%
0.47%
0.45%
0.44%
0.42%
5.39%

MUST Top 5 Countries


MUST
Segment Benchmark
100.00%
--

MUST Top 5 Currencies


MUST
Segment Benchmark
100.00%
--

MUST Performance Statistics

0.94
1.01
--
--
--

MUST Holdings Statistics

6.02 years
5.31
2.28%
5.32
Low
512
0.53%

MUST Avg Life Maturity Distribution

3.39%
3.31%
5.63%
29.25%
28.40%
23.13%
3.64%
1.87%
1.37%

MUST OAS Breakdown

91.33%
7.13%
1.29%
--
0.19%
--
--
0.06%
--
--
--