Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
Upturn AI SWOT - About
Columbia Multi-Sector Municipal Income ETF (MUST)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
08/14/2025: MUST (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit -2.72% | Avg. Invested days 28 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 08/14/2025 |
Key Highlights
Volume (30-day avg) - | Beta 0.99 | 52 Weeks Range 18.90 - 20.56 | Updated Date 06/30/2025 |
52 Weeks Range 18.90 - 20.56 | Updated Date 06/30/2025 |
Upturn AI SWOT
Columbia Multi-Sector Municipal Income ETF
ETF Overview
Overview
The Columbia Multi-Sector Municipal Income ETF (MUST) seeks to provide current income exempt from federal income tax by investing in a diversified portfolio of municipal securities across various sectors.
Reputation and Reliability
Columbia Threadneedle Investments is a global asset manager with a long history and strong reputation.
Management Expertise
Columbia Threadneedle has a dedicated municipal bond team with significant experience in managing tax-exempt investments.
Investment Objective
Goal
To provide current income exempt from federal income tax.
Investment Approach and Strategy
Strategy: The ETF employs an active management strategy, selecting municipal securities across different sectors based on fundamental research and relative value analysis.
Composition The ETF primarily holds municipal bonds issued by states, counties, cities, and other governmental entities.
Market Position
Market Share: Insufficient data available to provide accurate market share.
Total Net Assets (AUM): 64860000
Competitors
Key Competitors
- HYMB
- VTEB
- MUB
- ITM
- SUB
Competitive Landscape
The municipal bond ETF market is competitive, with several large players offering passively and actively managed funds. MUST differentiates itself through its active management and multi-sector approach. The advantage being that MUST can find better values than the average passive fund. The disadvantage is that active management costs are greater.
Financial Performance
Historical Performance: Historical performance data is readily available from financial websites like Yahoo Finance, Google Finance, and ETF.com. Historical performance should be viewed to gauge historical performance.
Benchmark Comparison: The ETF's performance should be compared to a relevant municipal bond index, such as the S&P National AMT-Free Municipal Bond Index.
Expense Ratio: 0.25
Liquidity
Average Trading Volume
The average daily trading volume is relatively low, which might increase transaction costs.
Bid-Ask Spread
The bid-ask spread can vary, but investors should monitor this spread to minimize trading costs.
Market Dynamics
Market Environment Factors
Economic indicators like interest rates, inflation, and tax policy changes can significantly affect the municipal bond market. General economic growth and municipal credit health are important factors.
Growth Trajectory
The growth trajectory depends on investor demand for tax-exempt income and the ability of the management team to generate alpha through active management.
Moat and Competitive Advantages
Competitive Edge
MUST's competitive advantage lies in its active management strategy and its focus on multi-sector diversification within the municipal bond market. This approach potentially allows the fund to identify undervalued securities and generate higher returns compared to passive index funds. The expertise of Columbia Threadneedle's municipal bond team is another key differentiator. This gives MUST an edge that allows for more return given the increased risks associated with its active strategy.
Risk Analysis
Volatility
The ETF's volatility is generally lower compared to equity ETFs, but it is still subject to interest rate risk and credit risk.
Market Risk
The primary market risks include interest rate risk (rising rates can decrease bond values), credit risk (issuers may default), and liquidity risk (some municipal bonds may be difficult to trade).
Investor Profile
Ideal Investor Profile
The ideal investor is seeking tax-exempt income and is comfortable with moderate risk. This investor may be in a high tax bracket.
Market Risk
This ETF is suitable for long-term investors seeking income, and those who can tolerate moderate interest rate and credit risk.
Summary
The Columbia Multi-Sector Municipal Income ETF (MUST) offers tax-exempt income through a diversified portfolio of municipal bonds. Its active management strategy aims to outperform passive benchmarks. While the expense ratio is relatively low, investors should carefully consider the trading volume and bid-ask spread. The ETF is best suited for long-term investors seeking tax-advantaged income with moderate risk and high tax bracket.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Columbia Threadneedle Investments website
- ETF.com
- Yahoo Finance
- Google Finance
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Investors should conduct their own due diligence before making any investment decisions. Market data may not be real-time.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Columbia Multi-Sector Municipal Income ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
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.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.