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Columbia Multi-Sector Municipal Income ETF (MUST)

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Upturn Advisory Summary
10/24/2025: MUST (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type ETF | Historic Profit 0.88% | Avg. Invested days 33 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() | Upturn Advisory Performance | ETF Returns Performance |
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 by investing primarily in a diversified portfolio of municipal securities across various sectors. It aims to offer exposure to a broad range of municipal debt.
Reputation and Reliability
Columbia Threadneedle Investments is a well-established asset manager with a long history of providing investment solutions.
Management Expertise
Columbia Threadneedle has a team of experienced investment professionals specializing in fixed income and municipal securities.
Investment Objective
Goal
To provide current income, exempt from federal income tax, consistent with preservation of capital.
Investment Approach and Strategy
Strategy: The ETF does not track a specific index but actively manages its portfolio to identify attractive municipal securities.
Composition The ETF primarily holds municipal bonds from various sectors, including healthcare, education, transportation, and utilities.
Market Position
Market Share: Data not readily available.
Total Net Assets (AUM): 34370000
Competitors
Key Competitors
- HYMB
- ITM
- VTEB
- MUB
- SUB
Competitive Landscape
The municipal bond ETF market is competitive, with several large players offering similar strategies. MUST competes on its ability to generate attractive income while managing credit risk. Advantages may include active management, while disadvantages might be a higher expense ratio compared to passively managed ETFs.
Financial Performance
Historical Performance: Historical performance data is available in the fund's fact sheet and other investment documents.
Benchmark Comparison: The ETF's performance should be compared against a broad municipal bond index such as the S&P Municipal Bond Index.
Expense Ratio: 0.25
Liquidity
Average Trading Volume
The average trading volume is moderate, which can affect the ease of buying or selling shares.
Bid-Ask Spread
The bid-ask spread is generally tight, reflecting reasonable liquidity.
Market Dynamics
Market Environment Factors
Interest rates, credit spreads, and overall economic conditions affect the performance of municipal bonds. Municipal bond creditworthiness, tax policy changes and regulatory changes can affect Columbia Multi-Sector Municipal Income ETF.
Growth Trajectory
The fund's growth is dependent on its ability to attract assets through strong performance and effective marketing. Changes to strategy include asset allocation shifts or changes to the management team.
Moat and Competitive Advantages
Competitive Edge
MUST's competitive advantage lies in its active management, which allows it to dynamically allocate assets across different municipal sectors to potentially enhance returns. It also focuses on rigorous credit analysis to avoid high-risk bonds. This strategy aims to provide stable income while managing downside risk. The multi-sector approach offers diversification benefits compared to ETFs focused on a single municipal sector.
Risk Analysis
Volatility
Volatility depends on interest rate sensitivity and credit risk of the underlying bonds.
Market Risk
The primary risks are interest rate risk (rising rates can lower bond values) and credit risk (issuers may default). Market liquidity may impact the price of the bonds.
Investor Profile
Ideal Investor Profile
The ideal investor is seeking tax-advantaged income and is comfortable with moderate interest rate and credit risk. They should have a medium-term investment horizon.
Market Risk
The ETF is best suited for long-term investors seeking a stable stream of tax-exempt income. It is less suitable for active traders due to its fixed-income nature.
Summary
The Columbia Multi-Sector Municipal Income ETF seeks current income through a diversified portfolio of municipal bonds. The ETF's active management aims to enhance returns while managing credit risk. It's best suited for long-term investors looking for tax-advantaged income. Investors should be aware of the ETF's interest rate and credit risks. The fund offers a reasonable expense ratio for an actively managed municipal bond ETF.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Columbia Threadneedle Investments Website
- ETF.com
- Bloomberg
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Market data is subject to change.
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.

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