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 (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 07/17/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
MUST 1.40% 3.39% 6.78% -- -- -- --
MUST (NAV) 0.90% 3.30% 6.47% -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

MUST Top 10 Countries

MUST Top 10 Sectors

MUST Top 10 Holdings

MUST Summary Data

Columbia
10/10/18
Open-Ended Fund
0.23%
$23.54M
$30.31K
0.47%

MUST Portfolio Data

5.73
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2.84%
07/01/19
1

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 -
Daily Spread
Premium/Discount
Volume

MUST Factset Analytics Block Liquidity

As of 07/18/19
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

1,156
$30.31K
470
$12.20K
0.47%
$0.10
0.17%
0.69% / -1.25%
None
100.00%
50,000
0.01
0.05%
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$21.42
N/A

MUST Sector/Industry Breakdown


MUST
Segment Benchmark
87.61%
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10.64%
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1.74%
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MUST Top 10 Holdings

0.63%
0.63%

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

6.68 years
5.73
2.84%
5.76
Medium
1
0.64%

MUST AVG LIFE MATURITY DISTRIBUTION

0.33%
0.45%
4.75%
25.84%
3.56%
4.30%
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MUST OAS BREAKDOWN

15.10%
3.77%
0.92%
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