Fund Description
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.
Fund Profile
Fund Name Columbia Multi-Sector Municipal Income ETF
Fund Exchange Ticker MUST
Fund Sponsor Columbia Management
Fund ISIN US19761L6074
Net Expense Ratio 0.23 %
Fund Inception Date 10 October 2018
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Municipal
Asset Class Bonds
Index Linked Passive
Index Name Beta Advantage Multi-Sector Municipal Bond Index
Index Provider Bloomberg
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Bond Type Municipal
Credit Quality Fund Holds Both Investment Grade & High Yield
Average Maturity Fund Holds All Maturity Ranges
Bond Currency Denomination USD
Key Statistics
Return As of Date 19 July 2019
Asset Under Management 23.57 Million (USD)
1 Month Total Return 1.00 %
Year To Date Return 6.46 %
1 Year Total Return
3 Year Annualized Total Return
NAV 21.43
Share Outstanding 1,100,050
Top 10 Holdings (19 July 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
Louisville & Jefferson County Metropolitan Sewer D 5 05/15/2028 BOND 0.0212000000
Metropolitan Transportation Authority 5 11/15/2031 BOND 0.0190000000
North Texas Tollway Authority 5 01/01/2027 BOND 0.0156000000
Louisville/Jefferson County Metropolitan Governmen 5 10/01/2030 BOND 0.0147000000
Michigan Finance Authority 5 08/01/2028 BOND 0.0147000000
New York State Dormitory Authority 5 07/01/2026 BOND 0.0145000000
Metropolitan Transportation Authority 5 11/15/2026 BOND 0.0144000000
New Jersey Economic Development Authority 5 03/01/2025 BOND 0.0140000000
San Antonio Water System 2.625 05/01/2049 BOND 0.0135000000
Washington Health Care Facilities Authority 5 10/01/2029 BOND 0.0134000000