MUST

Columbia Multi-Sector Municipal Income ETF
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*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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PERFORMANCE [as of 09/19/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
MUST -1.19% 1.74% 7.24% -- -- -- --
MUST (NAV) -1.31% 1.45% 7.14% -- -- -- --
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%
$25.75M
$22.42K
0.46%

MUST Portfolio Data

5.40
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2.73%
10/01/19
130

MUST Index Data

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

MUST Portfolio Management

0.23%
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MUST Tax Exposures

20.00% / 39.60%
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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 09/20/19
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

914
$22.42K
510
$16.10K
0.46%
$0.10
0.20%
0.73% / -1.25%
None
100.00%
50,000
0.01
0.05%
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0
$21.47
N/A

MUST Sector/Industry Breakdown


MUST
Segment Benchmark
87.71%
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10.75%
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1.54%
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MUST Top 10 Holdings[View All]

1.94%
1.77%
1.44%
1.36%
1.35%
1.33%
1.32%
1.30%
1.24%
1.24%
14.29%

MUST Top 5 Countries


MUST
Segment Benchmark
100.00%
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MUST Top 5 Currencies


MUST
Segment Benchmark
100.00%
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MUST Performance Statistics

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MUST Holdings Statistics

6.29 years
5.40
2.73%
5.42
Low
130
0.68%

MUST Avg Life Maturity Distribution

5.16%
0.38%
7.59%
19.80%
30.84%
28.15%
3.38%
4.71%
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MUST OAS Breakdown

16.15%
5.13%
0.78%
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