Key stats
About Columbia Multi-Sector Municipal Income ETF
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Inception date
Oct 10, 2018
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Columbia Management Investment Advisers LLC
Distributor
ALPS Distributors, Inc.
MUST uses a top-down sector approach to municipal bond investing. The fund has fixed-weight exposure to sectors that are 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 at AA or above in most cases, and B or above in the high-yield sector. Note that the high-quality sector has slightly lower credit requirements than all, but the high-yield sector. Maturity windows, likewise, vary by sector and skew long 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 at quarterly rebalancing. In total, at least 80% of MUST is invested in revenue bonds, roughly approximating the market.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal99.65%
Cash0.35%
Top 10 holdings
Dividends
Dividend payout history