MUST Fees and Costs — Columbia Multi-Sector Municipal Income ETF
Data updated: 2026-09-28
The net expense ratio is 0.23%. There are no sales loads or redemption fees. Portfolio turnover was 21%.
MUST Fees and Expenses
Annual operating expenses and sales charges of MUST. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.23% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.23% |
| Fee waiver | — |
| Net expense ratio | 0.23% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
MUST Costs Over Time
On $10,000 invested in MUST, assuming 5% a year before costs, total costs come to $146 over 5 years, cutting the return by 0.24% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.23%) | $24 | $76 | $133 |
| Lost growth on money paid in costs | $0 | $4 | $13 |
| Total costs | $24 | $80 | $146 |
| Value after costs | $10,476 | $11,497 | $12,617 |
| Impact on return, per year | 0.24% | 0.24% | 0.24% |
MUST Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $265.6M
- Portfolio turnover (prospectus): 21%
- Securities lending: none during the year
MUST Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMorgan | $45.6M | 24.68% |
| Morgan Stanley | $30.8M | 16.64% |
| RBC Capital Markets | $24.9M | 13.45% |
| Wells Fargo | $19.1M | 10.31% |
| Goldman Sachs | $14.5M | 7.83% |
| TD Securities Automated Trading LLC | $13.4M | 7.26% |
| BNY Mellon Capital Markets LLC | $11.2M | 6.08% |
| Jefferies LLC | $9.5M | 5.16% |
| Stifel Nicolaus & Company Incorporated | $8.2M | 4.45% |
| Janney Montgomery Scott LLC | $7.7M | 4.15% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.