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Overview

Daily Price as of 03/22/2019
NAV$20.90Daily $ Change$0.06 Daily % Change0.29%

Investment Objective

Columbia Multi-Sector Municipal Income ETF (the fund) seeks investment results that, before fees and expenses, closely correspond to the performance of the Beta Advantage Multi-Sector Municipal Bond Index.

Fund Details
Ticker MUST
IOPV* MUST.IV
CUSIP 19761L607
Inception Date 10/10/2018
Exchange NYSE Arca
Benchmark Beta Advantage Multi-Sector Municipal Bond Index
Expense Ratios as of 10/10/2018
Net Expense Ratio 0.28%
Total Expense Ratio 0.28%
Profile as of 03/22/2019
Shares Outstanding 1,050,050
Total Net Assets $21,941,147
Fund Data as of 03/22/2019
NAV $20.90
Market Price $20.87
Premium / Discount ($) $-0.03
Premium / Discount (%) -0.14%
Bid / Ask Midpoint $20.87
Last Trade Price $20.87
Volume 2,065

Disclosure

The performance data quoted above represents past performance. Past performance is not a guarantee of future results. Investment return and value of the Fund shares will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted here.

Market Price is based on the midpoint of the bid/ask spread at 4 p.m. ET and does not represent the returns an investor would receive if shares were traded at other times. * A calculation disseminated by the stock exchange that approximates the Fund's NAV every 15 seconds throughout the trading day.

Index Strategy & Description

The Beta Advantage® Multi-Sector Municipal Bond Index (the index) features five segments of the municipal debt market: 1) Municipal Core General Obligations, 2) Municipal High Quality Revenue, 3) Municipal Core Revenue, 4) Municipal Healthcare and 5) Municipal High Yield. The first four segments derive component bonds from a subset index or indices of the Bloomberg Barclays Municipal Bond Index. Each of the five segments is assigned a predefined weight in the index. California bonds, Guam bonds, Puerto Rico bonds, U.S. Virgin Island bonds, other U.S. territories, commonwealths and possessions, pre-funded bonds, insured bonds, floaters, callable bonds with less than 1 year to call, tobacco bonds, and derivatives are excluded from the index. The fund uses a representative sampling approach, resulting in a smaller number of securities than are in the index. It is not possible to invest directly in an index.

Performance

Total Return Performance (%) as of 02/28/2019

  1 Month 3 Month YTD 1 Year 3 Year 5 Year Since Inception Cumulative 1 Since Inception Annualized 1 Net Expense
Ratio
Gross Expense Ratio
Total Returns (Net Asset Value)0.72%3.03%1.71%---4.27%-0.28%0.28%
Total Returns (Market Price)0.52%3.18%1.60%---4.37%-0.28%0.28%

Total Return Performance (%) as of 12/31/2018

  1 Month 3 Month YTD 1 Year 3 Year 5 Year Since Inception Cumulative 1 Since Inception Annualized 1 Net Expense
Ratio
Gross Expense Ratio
Total Returns (Net Asset Value)1.30%-----2.52%-0.28%0.28%
Total Returns (Market Price)1.55%-----2.72%-0.28%0.28%
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Disclosure

1 Fund Inception Date 10/10/2018.

The performance data quoted above represents past performance. Past performance is not a guarantee of future results. Investment return and value of the Fund shares will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Total Returns (Net Asset Value) are calculated using the daily 4:00pm net asset value (NAV). Market price above returns reflect the closing trade price on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. Call 1-888.800.4347 for current month end performance.

This Fund is new and therefore has limited performance history.

Performance results shown reflect the expense reimbursement, without which the results would have been lower.

Holdings

Download All Holdings

Top Holdings (% of NET ASSETS) as of 03/22/2019

Security Symbol Shares Share Price Weight (%)
LOUISVILE ETC SWR-A 5 5/15/2028-460,000$108.232.27%
MET TRANS AUTH-C1-REF 5 11/15/2031-365,000$118.411.97%
KENTUCKY ST TURNPIKE 5 7/1/2027-320,000$120.371.76%
N TX TOLL AUTH-A-REF 5 1/1/2027-305,000$118.251.64%
MICHIGAN ST FIN AUTH 5 8/1/2028-300,000$114.251.56%
NY DORM AUTH-A 5 7/1/2026-300,000$113.321.55%
LOUISVILLE & JEFFERSO 5 10/1/2030-290,000$115.291.52%
METRO TRANSP AUTH-A2 5 11/15/2026-275,000$119.191.49%
NJ ST ECO DEV-NN 5 3/1/2025-300,000$108.751.49%
SAN ANTONIO TX WTR-A FRN 5/1/2049-300,000$104.101.42%
WA HLTH CARE-B-REF 5 10/1/2029-250,000$121.661.39%
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Subject to change.

PREMIUM/DISCOUNT as of 03/22/2019

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Premium / Discount Disclosure

The above frequency distribution chart presents information about the difference between the daily market price for shares of the Fund and the Fund's reported net asset value. The amount that the fund's market price is above the reported NAV is called the premium. The amount that the fund's market price is below the reported NAV is called the discount. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 pm Eastern time). The horizontal axis of the chart shows the premium or discount expressed in basis points. The vertical axis indicates the number of trading days in the period covered by the chart. Each bar in the chart shows the number of trading days in which the Fund traded within the premium/discount range indicated.

* A Basis Point is a unit that is equal to 1/100th of 1% and is used to denote the change in a financial instrument.

DISTRIBUTIONS

Breakdown of Distribution
Ex-Date Record Date Payable Date Income Short-Term Capital Gains Long-Term Capital Gains Return of Capital Total Distribution
03/01/201903/04/201903/06/2019$0.04369---$0.04369
02/01/201902/04/201902/06/2019$0.04734---$0.04734
12/26/201812/27/201812/31/2018$0.03851---$0.03851
12/03/201812/04/201812/06/2018$0.07442---$0.07442
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