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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PERFORMANCE [as of 01/16/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
MUST 1.36% 1.40% 1.32% 9.24% -- -- --
MUST (NAV) 1.17% 1.71% 1.15% 9.12% -- -- --
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%
$28.28M
$128.06K
0.48%

MUST Portfolio Data

5.68
--
2.83%
12/02/19
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 01/17/20
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

5,917
$128.06K
1,004
$21.47K
0.48%
$0.10
0.23%
0.73% / -0.24%
None
100.00%
50,000
0.02
0.05%
--
0
$21.77
N/A

MUST Sector/Industry Breakdown


MUST
Segment Benchmark
87.66%
--
10.67%
--
1.67%
--

MUST Top 10 Holdings[View All]

4.34%
1.76%
1.62%
1.32%
1.25%
1.24%
1.21%
1.18%
1.14%
1.08%
16.14%

MUST Top 5 Countries


MUST
Segment Benchmark
100.00%
--

MUST Top 5 Currencies


MUST
Segment Benchmark
100.00%
--

MUST Performance Statistics

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MUST Holdings Statistics

6.04 years
5.68
2.83%
5.70
Low
140
0.64%

MUST Avg Life Maturity Distribution

0.37%
0.43%
6.24%
22.85%
28.31%
34.30%
3.40%
4.10%
--

MUST OAS Breakdown

78.77%
16.75%
3.60%
0.89%
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