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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  • 3 Months
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Select ETFs to compare their performance:
PERFORMANCE [as of 09/22/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
MUST 0.10% 2.30% 3.89% 4.84% -- -- --
MUST (NAV) -0.17% 2.12% 3.56% 4.77% -- -- --
Beta Advantage Multi-Sector Municipal Bond Index -0.12% 2.18% 3.04% 4.22% -- -- --
Barclays Municipal Bond -0.24% 1.45% 3.40% 4.48% 4.20% 3.94% 4.00%
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%
$52.68M
$348.01K
0.41%

MUST Portfolio Data

5.45
--
2.61%
10/01/20
252

MUST Index Data

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

MUST Portfolio Management

0.23%
0.52%
1.19%
-0.13%

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
Medium
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

MUST Factset Analytics Block Liquidity

As of 09/23/20
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

15,746
$348.01K
11,816
$260.33K
0.41%
$0.09
0.30%
1.93% / -2.43%
None
--
50,000
0.24
--
--
0
$21.95
N/A

MUST Sector/Industry Breakdown


MUST
Segment Benchmark
88.78%
--
9.93%
--
1.29%
--

MUST Top 10 Holdings[View All]

4.20%
0.97%
0.82%
0.74%
0.73%
0.71%
0.70%
0.70%
0.66%
0.66%
10.89%

MUST Top 5 Countries


MUST
Segment Benchmark
100.00%
--

MUST Top 5 Currencies


MUST
Segment Benchmark
100.00%
--

MUST Performance Statistics

0.99
1.08
--
--
--

MUST Holdings Statistics

6.48 years
5.45
2.61%
5.45
Low
252
1.26%

MUST Avg Life Maturity Distribution

0.57%
5.96%
5.59%
21.40%
32.35%
24.14%
5.85%
1.98%
2.17%

MUST OAS Breakdown

45.24%
39.59%
8.07%
4.10%
1.39%
0.96%
0.46%
0.18%
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