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 06/30/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
MUST -1.85% -3.42% -9.88% -9.48% -0.01% -- --
MUST (NAV) -1.46% -2.97% -9.43% -8.99% 0.25% -- --
Bloomberg Barclays Municipal Bond Index -- -- -- -- -- -- --
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%
$197.68M
$3.21M
0.38%

MUST Portfolio Data

5.23
--
2.39%
N/A
603

MUST Index Data

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

MUST Portfolio Management

0.23%
-0.03%
0.18%
-0.29%

MUST Tax Exposures

20.00% / 39.60%
0.13%
Ordinary income
No

MUST Fund Structure

Open-Ended Fund
No
No
-- / --
N/A
N/A
Low
Daily

MUST Factset Analytics Block Liquidity

As of 07/01/22
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

159,160
$3.21M
114,383
$2.30M
0.38%
$0.08
0.22%
0.60% / -0.99%
None
100.00%
50,000
2.29
0.04%
--
0
$20.22
N/A

MUST Sector/Industry Breakdown


MUST
Segment Benchmark
87.74%
--
5.08%
--
1.92%
--
1.66%
--
1.33%
--
1.20%
--
0.61%
--
0.33%
--
0.13%
--

MUST Top 10 Holdings[View All]

1.33%
0.71%
0.67%
0.64%
0.57%
0.55%
0.55%
0.54%
0.52%
0.52%
6.59%

MUST Top 5 Countries


MUST
Segment Benchmark
100.00%
--

MUST Top 5 Currencies


MUST
Segment Benchmark
100.00%
--

MUST Performance Statistics

0.98
0.95
--
--
--

MUST Holdings Statistics

6.85 years
5.23
2.39%
5.24
Low
603
0.38%

MUST Avg Life Maturity Distribution

3.31%
1.98%
7.01%
31.75%
25.35%
25.20%
3.37%
1.11%
0.91%

MUST OAS Breakdown

92.95%
6.03%
0.80%
0.10%
0.06%
--
--
0.05%
--
--
--