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ETFs

Columbia Multi-Sector Municipal Income ETF

MUST
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 10 2018
Expense Ratio
0.23%
Type
US Bonds
Fund Owner
Columbia Management
Volume (1m avg. daily)
$1,203,403
AUM
$293,766,866
Associated Index
Beta Advantage Multi-Sector Municipal Bond Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
New York Transportation Development Corp 4.375 10/01/2045
0.86%
n/a
City & County of Denver CO Airport System Revenue 5 11/15/2030
0.75%
n/a
Chicago Board of Education 5 12/01/2038
0.61%
n/a
Central Texas Turnpike System 5 08/15/2034
0.60%
n/a
Metropolitan Transportation Authority 5 11/15/2032
0.58%
n/a
City of Austin TX Water & Wastewater System Revenu 5 11/15/2030
0.56%
n/a
New Jersey Transportation Trust Fund Authority 5 12/15/2032
0.56%
n/a
City of Phoenix Civic Improvement Corp 5 07/01/2036
0.54%
n/a
Brevard County Health Facilities Authority 5 04/01/2042
0.54%
n/a
City of Seattle WA Water System Revenue 5 05/01/2027
0.54%
Invest with MUST

What is MUST?

The Fund is an exchange-traded fund (ETF) that seeks to replicate the performance of the Index. After a reasonable period after public launch, the Fund will invest at least 80% of its assets in securities within the Index. For purposes of this policy, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in bonds and other debt instruments issued by or on behalf of state or local governmental units whose interest is exempt from U.S. federal income tax. In addition, the Fund may invest up to 20% of its assets in bonds and other debt instruments not included within the Index, cash, cash equivalents and money market instruments, such as repurchase agreements and money market funds (including money market funds advised by Columbia Management Investment Advisers, LLC (Columbia Management or the Investment Manager)), that the Investment Manager believes will help the Fund track the Index.

ETFs related toMUST

ETFs correlated to MUST include SCMB, CMF, NYF

MUST
Columbia ETF Trust I - Columbia Multi-Sector Municipal Income ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
CMF
BlackRock Institutional Trust Company N.A. - iShares California Muni Bond ETF
NYF
BlackRock Institutional Trust Company N.A. - iShares New York Muni Bond ETF
TFI
SPDR Series Trust - SPDR Nuveen Bloomberg Municipal Bond ETF
MUNI
Pimco Exchange Traded Fund - PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
JMUB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Municipal ETF
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt Bond ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
DFNM
Dimensional ETF Trust - Dimensional National Municipal Bond ETF
CGMU
Capital Group Fixed Income ETF Trust - Capital Group Municipal Income ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

MUST is a US Bonds ETF. The Fund is an exchange-traded fund (ETF) that seeks to replicate the performance of the Index. After a reasonable period after public launch, the Fund will invest at least 80% of its assets in securities within the Index. For purposes of this policy, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in bonds and other debt instruments issued by or on behalf of state or local governmental units whose interest is exempt from U.S. federal income tax. In addition, the Fund may invest up to 20% of its assets in bonds and other debt instruments not included within the Index, cash, cash equivalents and money market instruments, such as repurchase agreements and money market funds (including money market funds advised by Columbia Management Investment Advisers, LLC (Columbia Management or the Investment Manager)), that the Investment Manager believes will help the Fund track the Index.

MUST tracks the Beta Advantage Multi-Sector Municipal Bond Index.

No, MUST is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, MUST is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on MUST is 0.0146%. This is the percent change in the value of MUST over the most recent 1-month period. The 3-month return on MUST is 0.0226%. This is the percent change in the value of MUST over the most recent 3-month period.

The standard deviation of MUST for the past year is 0.0595%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to MUST include PZA, HYMB, and HYD.

ETFs correlated to MUST include SCMB, CMF, and NYF.

ETFs that are inversely correlated to MUST include PST, TYO, and TBX.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.