Columbia Multi-Sector Municipal Income ETF
$19.25−0.23 (−1.18%)
- Expense ratio
- 0.23%
- Fund size
- $533M
- 1Y return
- −2.0%
- Yield · Last 12 months
- 3.52%
- Holdings
- 593
- Volume · 30D
- 0.1M sh
- NAV per share
- $19.55
- 52W range
The ETF.net MUST Grade
Score 53 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 75Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.DScore 31Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 34Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 45Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 84Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 54Category rank
Our read on MUST
CMost muni index funds just buy the market by size. MUST tracks a Columbia-built index that carves the tax-exempt market into five fixed slices, screens out tobacco bonds, territory paper and California debt, and pays monthly.
The Fund is a passive ETF designed to track the Beta Advantage Multi-Sector Municipal Bond Index before fees and expenses.
Why people hold it
- Costs 0.23% a year, below the typical muni bond ETF, for a rules-based build rather than a plain market-cap copy of the muni market.
- The index sets a fixed budget across five muni segments, including hospital debt and a standing high-yield sleeve, and reconstitutes monthly.sec.govsec.gov
- Screens out the messier corners: tobacco bonds, Puerto Rico and other territory paper, pre-refunded and insured bonds, and California debt.sec.govcolumbiathreadneedleus.com
- Spreads risk across roughly 600 bonds and pays income monthly.
Worth knowing
- You pay up for the rules: VTEB and MUB run the plain national muni index for a few basis points.
- The permanent junk-muni sleeve and the hospital-debt slice carry more credit risk than a plain investment-grade muni index.sec.gov
- A mid-size, moderately traded fund, so trading costs can run wider than the category's biggest names.
MUST Holdings
- Bonds
- 593
- 5%
- COUNTY OF MIAMI-DADE FL AVIATION REVENUE
Geography
- United States100.00%
MUST Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | MUST |
|---|---|
| Year to date | −3.4% |
| 1 month | −3.5% |
| 3 months | −5.3% |
| 1 year | −2.0% |
| 3 years | +2.6% |
| 5 years | −0.3% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MUST |
|---|---|---|
| 2026 YTD | −3.4% | |
| 2025 | +4.9% | |
| 2024 | +0.4% | |
| 2023 | +6.2% | |
| 2022 | −8.8% | |
| 2021 | +1.9% | |
| 2020 | +6.7% |
MUST in the news
ETF.net Research hasn’t filed on MUST yet — coverage lands here as it’s written.
MUST Dividends
- 3.52%
- $0.69
- $0.05 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 3, 2026 | $0.05 |
| Aug 3, 2026 | Aug 5, 2026 | $0.06 |
| Jul 1, 2026 | Jul 6, 2026 | $0.06 |
| Jun 1, 2026 | Jun 3, 2026 | $0.06 |
| May 1, 2026 | May 5, 2026 | $0.06 |
| Apr 1, 2026 | Apr 6, 2026 | $0.07 |
| Mar 2, 2026 | Mar 4, 2026 | $0.05 |
| Feb 2, 2026 | Feb 4, 2026 | $0.06 |
| Dec 29, 2025 | Dec 31, 2025 | $0.06 |
| Dec 1, 2025 | Dec 3, 2025 | $0.05 |
| Nov 3, 2025 | Nov 5, 2025 | $0.06 |
| Oct 1, 2025 | Oct 3, 2025 | $0.06 |
MUST Risk
- 6.1%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.23
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −13.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.01
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MUST Cost
- The middle half of Other Municipal Bond funds
- Median 0.30%
15 of the 62 Other Municipal Bond funds charge less.