MUST
Columbia Multi-Sector Municipal Income ETFMUST 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
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MUST Portfolio Data
MUST Index Data
MUST Portfolio Management
MUST Tax Exposures
MUST Fund Structure
MUST Factset Analytics Block Liquidity
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
MUST Sector/Industry Breakdown
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MUST Top 10 Holdings[View All]
MUST Top 5 Countries
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MUST Top 5 Currencies
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MUST Performance Statistics
MUST Holdings Statistics
MUST Avg Life Maturity Distribution
MUST OAS Breakdown
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