Columbia Multi-Sector Municipal Income ETF

Frequently Asked Questions About MUST

What does MUST invest in?

The fund will invest at least 80% of its assets in securities within the index. It 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. The index reflects a rules-based, multi-sector strategic beta approach to measuring the performance of the U.S. tax-exempt bond market.

What is the expense ratio of MUST?

Columbia Multi-Sector Municipal Income ETF (MUST) charges an expense ratio of 0.23%. This is the annual fee deducted from fund assets to cover management and operations.

What is MUST's dividend yield?

MUST's trailing-twelve-month yield is 3.64%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of MUST?

Effective duration measures MUST's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. MUST's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of MUST?

MUST's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of MUST?

Yield to maturity (YTM) is the total return you'd earn from MUST if every bond in the portfolio is held to maturity at the current price. MUST's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.