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MUST
Municipal Bonds
Passive
NYSE listed

Columbia Multi-Sector Municipal Income ETF

This ETF provides exposure to US Mixed Ratings Municipal Bonds

MUST performance and flow charts

Last update 8/28/2026 at 1:30 PM
Live
Closed
Last price
$20.10
-$0.04 (-0.20%) 8/28/2026

Performance

-0.4-0.20.00.20.40.6%Jul 28Aug 4Aug 11Aug 18Aug 25

Flows

0 M2 M4 M6 M8 M
1 day price range
$20.07
$20.23
52 week price range
$20.02
$21.03
1W perf
-0.13%
YTD perf
+0.02%
YTD flows
+$78M
AuM
$597M
E/R
0.23%
TTM yield
3.42%
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Historic performance and flows

Data as of August 28, 2026
1M3MYTD1Y3Y5Y
Perf.-0.24%-0.78%+0.02%+4.05%+10.66%+1.85%
Flows+$8M+$9M+$78M+$121M+$251M+$497M
Data as of August 28, 2026
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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Characteristics

The Columbia Multi-Sector Municipal Income ETF is built to track the Beta Advantage Multi-Sector Municipal Bond Index - USD. This ETF provides physical exposure - by owning its shares you earn the return of the securities composing the index (as the ETF holds them directly). This share class generates a stream of income by distributing dividends.

Management strategyPassive
StrategyLong Only
ProviderColumbia Threadneedle Investments
N° of holdings647
Replication methodDirect (Physical)
Asset classFixed Income
Dividend policyDistributing
Trailing 12m distribution yield
Join for free
Inception dateOctober 10, 2018
ESGNo
TrackinsightTrackinsight

More data and info about MUST on Trackinsight

Exposure

Data as of July 31, 2026

Diversification

6.31%

Total weight of top 15 holdings out of 647

Top 15 Holdings

Miami-Dade, 5% 1oct2036, USD (2024A)
0.54%
US249182QF65
0.53%
New Jersey Turnpike Authority, 5% 1jan2034, USD (2025)
0.48%
US64985SDE00
0.46%
New York Metropolitan Transportation Authority, 4% 15nov2035, USD (2017C-1)
0.43%
New York Transportation Development Corp., 4.375% 1oct2045, USD (2020)
0.43%
US67766WM740
0.42%
Illinois Toll Highway Authority, 5% 1jan2038, USD (2024)
0.39%
Chicago O'Hare International Airport, 5% 1jan2048, USD
0.38%
US46247SFR04
0.38%
US64972GJ217
0.38%
New Jersey Turnpike Authority, 5% 1jan2036, USD
0.38%
US48504NCC11
0.37%
US73358XHU90
0.37%
US88285AJH23
0.37%

Sectors

Municipal
43.09%
Other
56.91%

Countries

USA
43.22%
Other
56.78%

Maturity

5-10Y
15.72%
10-15Y
11.53%
Other
72.75%

Credit rating

Other
100%
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Trading data

Last sale
8/28/2026 at 1:30 PM
$20.10
Previous close
$20.14
Consolidated volume
08/27/2026
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Average volume
30 days
Join for free
Average discount or premium
30 days
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Average Bid/Ask spread
30 days
Join for free

Volatility and drawdown

3M1Y3Y5Y
Volatility+2.59%+2.44%+4.13%+3.84%
Max drawdown
-2.11%-3.10%-5.55%-13.29%
Max drawdown duration
53d180d186d1471d
Time to recover
N/AN/A150d1051d

Replication quality

Data as of July 31, 2026
1-year trailing difference

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Tracking error
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Tracking difference
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1 year cumulative return difference
Best
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Worst
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daily return difference
Average
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Worst
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Frequently asked questions about MUST

What type of ETF is MUST?

MUST is a Passive ETF that provides exposure to Fixed Income assets. It is managed by Columbia Threadneedle Investments.

What index does MUST track?

MUST tracks the Beta Advantage Multi-Sector Municipal Bond Index - USD, aiming to replicate its performance through optimized sampling.

What does MUST invest in?

This ETF provides exposure to US Mixed Ratings Municipal Bonds. It is part of the segment: Municipal Bonds.

What is the expense ratio of MUST?

The total expense ratio (TER) of MUST is 0.23%, representing the annual fee charged by the fund manager.

When was MUST launched?

MUST was launched on October 10, 2018, marking its entry into the ETF market.

Who is the issuer of MUST?

MUST is issued by Columbia Threadneedle Investments.

What is the AUM of MUST?

As of August 28, 2026, MUST manages $596.76 M, reflecting the total assets held in the fund.

How has MUST performed recently?

As of August 28, 2026, MUST delivered a return of -0.24% over the past month (1M performance), -0.78% over the past three months (3M), and 0.02% year-to-date (YTD).

What are the recent fund flows for MUST?

As of August 28, 2026, MUST has seen net flows of +$8M in the past month (1M flow) and +$78M year-to-date (YTD).

Does MUST pay dividends?

As of August 28, 2026, MUST has a trailing 12-month distribution yield of 3.42%.

How many holdings are in MUST

As of July 31, 2026, MUST holds 647 securities in its portfolio. This level of diversification can influence the fund’s risk profile and exposure to individual assets.

How diversified is MUST?

As of July 31, 2026, MUST holds 647 securities, with 6.31% of its assets concentrated in its top 15 holdings.

What are the top holdings of MUST?

As of July 31, 2026, MUST holds a portfolio of 647 underlyings, with its largest positions including Miami-Dade, 5% 1oct2036, USD (2024A), US249182QF65 and New Jersey Turnpike Authority, 5% 1jan2034, USD (2025). These top holdings play a significant role in shaping the fund’s performance and exposure.

What countries or regions does MUST invest in?

As of July 31, 2026, MUST has its largest geographic exposures in USA.

What sectors or themes does MUST focus on?

As of July 31, 2026, MUST is primarily exposed to Municipal.

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