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. The fund charges a typical fee for this segment.

MUST Charts And Performance

Price Chart ($)
Total Return Chart (%)
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  • 3 Months
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  • 3 Years
  • 5 Years
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Select ETFs to compare their performance:
PERFORMANCE [as of 04/06/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
MUST -6.25% -3.70% -2.92% 1.83% -- -- --
MUST (NAV) -5.87% -2.96% -2.47% 2.59% -- -- --
Beta Advantage Multi-Sector Municipal Bond Index -6.59% -3.75% -3.29% 1.74% -- -- --
N/A -- -- -- -- -- -- --
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%
$33.18M
$294.43K
0.50%

MUST Portfolio Data

5.51
--
2.80%
04/01/20
140

MUST Index Data

Beta Advantage Multi-Sector Municipal Bond Index
Fixed
Fixed
N/A

MUST Portfolio Management

0.23%
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--
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MUST Tax Exposures

20.00% / 39.60%
0.07%
Ordinary income
No

MUST Fund Structure

Open-Ended Fund
No
No
N/A / N/A
N/A
N/A
High
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

MUST Factset Analytics Block Liquidity

As of 04/07/20
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

13,926
$294.43K
4,242
$87.90K
0.50%
$0.11
0.26%
1.69% / -2.43%
None
100.00%
50,000
0.08
0.05%
--
0
$20.87
N/A

MUST Sector/Industry Breakdown


MUST
Segment Benchmark
88.35%
--
10.16%
--
1.49%
--

MUST Top 10 Holdings[View All]

1.31%
1.12%
1.08%
1.07%
1.02%
1.00%
0.96%
0.95%
0.93%
0.91%
10.35%

MUST Top 5 Countries


MUST
Segment Benchmark
100.00%
--

MUST Top 5 Currencies


MUST
Segment Benchmark
100.00%
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MUST Performance Statistics

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MUST Holdings Statistics

6.22 years
5.51
2.80%
5.53
Low
140
0.73%

MUST Avg Life Maturity Distribution

0.42%
2.67%
9.83%
21.66%
32.30%
26.58%
4.00%
2.54%
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MUST OAS Breakdown

76.31%
19.77%
2.54%
1.38%
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