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
04/01/2025: MUST (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type ETF | Historic Profit 0.05% | Avg. Invested days 36 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Volume (30-day avg) 86625 | Beta 0.99 | 52 Weeks Range 19.65 - 20.73 | Updated Date 04/1/2025 |
52 Weeks Range 19.65 - 20.73 | Updated Date 04/1/2025 |
Upturn AI SWOT
Columbia Multi-Sector Municipal Income ETF
ETF Overview
Overview
The Columbia Multi-Sector Municipal Income ETF (MUST) is a passively managed fixed income ETF that seeks to provide current income, exempt from regular 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 established reputation.
Management Expertise
Columbia Threadneedle has a team of experienced fixed income professionals managing its municipal bond ETFs.
Investment Objective
Goal
Seeks to provide current income, exempt from regular federal income tax.
Investment Approach and Strategy
Strategy: The ETF employs a passive management strategy designed to track the performance of the ICE AMT-Free Core Municipal Index.
Composition The ETF holds a diversified portfolio of municipal bonds across various sectors, including general obligation bonds, revenue bonds, and private activity bonds.
Market Position
Market Share: Information on the exact market share is not readily available without proprietary data sources, but it competes in the broad municipal bond ETF market.
Total Net Assets (AUM): 118600000
Competitors
Key Competitors
- MUB
- ITM
- HYMB
- VTEB
Competitive Landscape
The municipal bond ETF market is highly competitive with a few large players dominating the market share. MUST is much smaller than its larger peers. Advantages could include a slightly different sector allocation or expense ratio (though this is not apparent), and disadvantages are lower liquidity and brand recognition.
Financial Performance
Historical Performance: Historical performance data can be obtained from financial websites, showing total return over various periods.
Benchmark Comparison: The ETF's performance should be compared against the ICE AMT-Free Core Municipal Index to assess tracking accuracy.
Expense Ratio: 0.15
Liquidity
Average Trading Volume
Average trading volume can fluctuate, but it is typically lower compared to larger municipal bond ETFs like MUB.
Bid-Ask Spread
The bid-ask spread can vary depending on market conditions, but it is generally wider than more liquid ETFs.
Market Dynamics
Market Environment Factors
Economic factors such as interest rate changes, inflation expectations, and municipal creditworthiness influence the performance of MUST.
Growth Trajectory
Growth depends on investor demand for municipal bonds and the overall economic environment. No significant changes to holdings or strategy are publicly known.
Moat and Competitive Advantages
Competitive Edge
MUST may differentiate itself through sector allocations or specific security selection within the municipal bond market, but it generally mirrors a broad index. Its primary focus is on providing tax-exempt income, a benefit that applies to all municipal bond ETFs. MUST does not have a very strong competitive edge given its relatively small size and passive approach. It may appeal to investors who prefer the Columbia Threadneedle brand.
Risk Analysis
Volatility
Volatility is moderate and typical of a broad municipal bond portfolio. It can increase during periods of economic uncertainty or interest rate volatility.
Market Risk
The ETF is subject to market risk related to interest rate fluctuations and credit risk associated with the underlying municipal bonds.
Investor Profile
Ideal Investor Profile
The ideal investor is one seeking tax-exempt income and exposure to the broad municipal bond market.
Market Risk
It is suitable for long-term investors seeking a stable source of tax-advantaged income and who are comfortable with moderate risk.
Summary
Columbia Multi-Sector Municipal Income ETF (MUST) is a passively managed ETF offering tax-exempt income through a diversified portfolio of municipal bonds. Its investment strategy aims to track the ICE AMT-Free Core Municipal Index. Compared to larger competitors, MUST has lower trading volume and AUM. While providing access to the municipal bond market, investors should be aware of the liquidity and risk factors affecting performance. Its tax-exempt returns are ideal for the long-term investor.
Similar Companies
- MUB
- ITM
- VTEB
- HYMB
Sources and Disclaimers
Data Sources:
- Columbia Threadneedle Investments website
- ETF.com
- Bloomberg
- Morningstar
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Past performance is not indicative of future results. Market share information is based on estimates and may not be precise.
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.
Upturn is now on iOS and Android!
Experience Upturn on your mobile. Install it now!
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.