ATLASColumbia Multi-Sector Municipal Income ETF (MUST): outlook, holdings and fees
Columbia Multi-Sector Municipal Income ETF (MUST) is an exchange-traded fund and is managed by Columbia Threadneedle. The expense ratio is 0.21% and the yield is 3.76%. The ten largest holdings are 6% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on MUST
| Last price | $19.78 (+0.3%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 62% |
| Likely 1-month range (50%) | $19.64 – $20.15 |
| Normal 1-day range (±1σ) | ±0.4% |
| Distribution yield | 3.76% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
MUST fund facts
| Issuer | Columbia Threadneedle |
|---|---|
| Theme | Municipal bonds |
| Assets under management | $507M |
| Expense ratio | 0.21% |
| Number of holdings | 10 |
| Portfolio turnover | 11% |
| Inception | Oct 10, 2018 |
| Exchange | NYSE |
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.
MUST top holdings
| Holding | Sector | Weight |
|---|---|---|
| DELAWARE VALLEY PA REGL FIN AUTH LOC GOVT REV 5.5% | – | 0.67% |
| PORT AUTH N Y & N J 5% | – | 0.66% |
| NEW JERSEY ST TRANSN TR FD AUTH 5% | – | 0.59% |
| DALLAS FORT WORTH TEX INTL ARPT REV 4% | – | 0.61% |
| NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5% | – | 0.51% |
| TRIBOROUGH BRDG & TUNL AUTH N Y REVS 5% | – | 0.51% |
| CHICAGO ILL BRD ED 4% | – | 0.52% |
| BROWARD CNTY FLA SCH BRD CTFS PARTN 5% | – | 0.52% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 4.375% | – | 0.52% |
| SEATTLE WASH WTR SYS REV 5% | – | 0.52% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
MUST returns and risk
| Year to date | -4.1% |
|---|---|
| 1 year | -2.7% |
| 3 years (annualised) | +3.0% |
| 5 years (annualised) | -0.3% |
| 10 years (annualised) | 0.0% |
| Volatility (3 years) | 6.1% |
| Sharpe ratio (3 years) | -0.29 |
Past returns do not guarantee future results.
MUST: frequently asked questions
What does MUST invest in?
Columbia Multi-Sector Municipal Income ETF invests in a portfolio of securities. Its largest holdings are DELAWARE VALLEY PA REGL FIN AUTH LOC GOVT REV 5.5% (0.7%), PORT AUTH N Y & N J 5% (0.7%), NEW JERSEY ST TRANSN TR FD AUTH 5% (0.6%), DALLAS FORT WORTH TEX INTL ARPT REV 4% (0.6%), NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5% (0.5%).
What is the MUST expense ratio?
0.21% a year: about $21.00 for every $10,000 invested.
What is the MUST dividend yield?
3.76%. ATLAS does not hold the exact distribution dates for ETFs.
Will MUST go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 62%, with a likely range (50%) of $19.64 to $20.15 from $19.78 today. It is a probability, not a prediction.
How has MUST performed?
Year to date -4.1%, one year -2.7%, three years +3.0% a year, five years -0.3% a year. Past returns do not guarantee future results.
Similar ETFs: Municipal bonds
- State Street Communication Services Select Sector SPDR ETF (XLC)
- VanEck High Yield Muni ETF (HYD)
- Invesco National AMT-Free Municipal Bond ETF (PZA)
- State Street SPDR Nuveen ICE High Yield Municipal Bond ETF (HYMB)
- State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM)
- PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund (MUNI)
- State Street SPDR Nuveen ICE Municipal Bond ETF (TFI)
- Franklin Dynamic Municipal Bond ETF (FLMI)
Educational information, not investment advice. Disclaimer