Columbia Multi-Sector Municipal Income ETF (MUST) ETF
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Columbia Multi-Sector Municipal Income ETF (MUST) ETF Bio
The investment objective of the Columbia Multi-Sector Municipal Income ETF seeks to consider sectors of the municipal bond market. The fund covers debt issued by state and local governments with some very specific exclusions that include California bonds and debt issued by U.S. territories. The index uses the Bloomberg Barclays Municipal Bond Index as its selection universe and has fixed allocations to the following five sectors: municipal core revenue (45%); municipal health care (20%); municipal high quality revenue (15%); municipal core general obligations (10%); and municipal high yield (10%). Each sector has different parameters regarding the eligibility of different securities in terms of credit quality, maturity and size.