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.
ISIN
US19761L6074
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%
Municipal99.62%
Cash0.38%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MUST last dividends amounted to 0.06 USD. The month before, the issuer paid 0.06 USD in dividends, which shows a 3.59% decrease.
MUST assets under management is 475.90 M USD. It's risen 0.85% over the last month.
MUST fund flows account for 71.04 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, MUST pays dividends to its holders with the dividend yield of 3.34%. The last dividend (Sep 4, 2025) amounted to 0.06 USD. The dividends are paid monthly.
MUST shares are issued by Ameriprise Financial, Inc. under the brand Columbia. The ETF was launched on Oct 10, 2018, and its management style is Passive.
MUST expense ratio is 0.23% meaning you'd have to pay 0.23% of your investment to help manage the fund.
MUST follows the Bloomberg Beta Advantage Multi-Sector Municipal Bond Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MUST invests in bonds.
MUST price has fallen by −0.50% over the last month, and its yearly performance shows a −2.52% decrease. See more dynamics on MUST price chart.
NAV returns, another gauge of an ETF dynamics, showed a 1.32% increase in three-month performance and has increased by 0.06% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 1.32% increase in three-month performance and has increased by 0.06% in a year.
MUST trades at a premium (0.40%) meaning the ETF is trading at a higher price than the calculated NAV.