# Portfolio overlap — MUST vs VTES Comparing **Columbia Multi-Sector Municipal Income ETF** (2026-01-31) and **VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF** (2026-02-28). - Shared positions: 56 - Columbia Multi-Sector Municipal Income ETF covered by VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF: 0.02681400684606193618631081619 - VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF covered by Columbia Multi-Sector Municipal Income ETF: 0.02681400684606193618631081619 ## Columbia Multi-Sector Municipal Income ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | MIAMI-DADE CNTY FL AVIATION REVENUE | 0.006086 | | | DENVER CITY & CNTY CO ARPT REVENUE | 0.005826 | | | NJ TPK AUTH-B | 0.005420 | | | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT | 0.005282 | | | BLACKROCK LIQ MUNICASH INST 53 | 0.004812 | | | OH WTR POL 5% 12/1/2033 | 0.004737 | | | PROJECTNEW YORK TRANS | 0.004701 | | | IL ST TOLL HWY -A-REF | 0.004363 | | | IOWA ST FIN AUTH REVENUE REGD B/E 5.00000000 | 0.004346 | | | NY MUNI WTR FIN-CC-2 | 0.004264 | | | STATE OF NEW JERSEY 5.0% 12-15-32 | 0.004256 | ✓ | | TEXAS WTR DEV BRD REVENUE | 0.004226 | | | KANSAS CITY MO INDL DEV AUTH ARPT SPL OBLIG | 0.004202 | | | NJ TPK 5% 1/1/2036 | 0.004198 | | | PORT AUTH OF NEW YORK & NEW JERSEY NY | 0.004163 | | | Chicago O'Hare International Airport, Series 2018B | 0.004091 | | | NJ TPK AUTH-B | 0.004055 | ✓ | | NEW HOPE CULTURAL EDU FACS FIN REGD B/E 5.50000000 | 0.003893 | | | HILLSBOROUGH CT(BAYCARE HLT SYS) 5.25% 11/15/49 | 0.003826 | | | State of Michigan Trunk Line, Series 2023 | 0.003799 | | | NY TRANS CORP 5.375% 8/1/2036 @ | 0.003740 | | | Ohio Water Development Authority Water Pollution Control Loan Fund, Series 2017A | 0.003736 | | | HOUSTON TX | 0.003545 | ✓ | | New Jersey Transportation Trust Fund Authority | 0.003511 | | | MIAMI DADE FL 5.25% 10/1/2052 @ | 0.003452 | | | BIG RIVER STEEL LLC 4.5% 09-01-49 | 0.003408 | | | CHICAGO IL BRD OF EDU REGD B/E 5.00000000 | 0.003371 | | | NYC MUNI WTR FIN-DD | 0.003311 | ✓ | | NJ TRN FD CAB-SER C | 0.003278 | ✓ | | MICHIGAN ST HSG DEV AUTH SF MTGE REVENUE | 0.003257 | | | IL CHIEDU 5 12/01/2038 | 0.003231 | | | PENNSYLVANIA ST | 0.003212 | | | MET TRANSPRTN AUTH NY REVENUE | 0.003198 | | | GWINNETT CO SCD-REF | 0.003148 | | | TX TRANSPRTN-C-REF | 0.003094 | | | GREAT LAKES WTR-A-REF | 0.003067 | ✓ | | NEW JERSEY ST ECON DEV AUTH REV | 0.003061 | | | NY MTA TRANSP 5% 11/15/2032 | 0.003032 | | | PALM BEACH SCH-A-COPS | 0.003031 | | | NEW YORK ST DORM AUTH REVENUESNON ST SUPPORTED DEBT | 0.003027 | | | NJ TRN TR FD-A-CABS | 0.003021 | | | OHIO WTR DEV AUTH-A | 0.003012 | ✓ | | HOUSTON TX ARPT SYS REVENUE | 0.002975 | | | UNITED AIRLINES INC 5.5% 07-15-36 | 0.002957 | | | OHIO ST HOSP FAC REVENUE | 0.002881 | | | MASSACHUSETTS ST DEV FIN AGY REVENUE | 0.002866 | | | Brevard (County of), FL Health Facilities Authority (Health First Obligated Group), Series 2022 A, Ref. RB | 0.002855 | | | Fulton County, Georgia, Water and Sewerage Revenue Bonds, Refunding Series 2025 | 0.002830 | | | State of Connecticut Special Tax, Series 2021A | 0.002815 | | | SAN ANTONIO TX ELEC GAS REVE SANUTL 02/40 FIXED 5 | 0.002807 | | ## VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | Vanguard Municipal Cash Management Fund | 0.021044 | | | NYC TRANSITIONAL-G-1 | 0.003163 | | | CALIFORNIA ST-REF | 0.002916 | | | NEW JERSEY ST ECON DEV AUTH REVENUE | 0.002674 | | | Dallas Independent School District, Series 2026B | 0.002671 | | | State of Illinois, Series D | 0.002608 | | | State of New Jersey, Series 2020A | 0.002551 | | | New Jersey Transportation Trust Fund Authority, Series 2016A1 | 0.002468 | | | Wyandotte County Unified School District No. 500, Series A | 0.002303 | | | E CO AWP JT PWRS-A-1 | 0.002274 | | | CA REGENTS UNIV-CD | 0.002141 | | | OH WTR DEV AUTH | 0.002138 | ✓ | | LOS ANGELES UNIF SD-A | 0.002017 | | | State of New Jersey, Series A | 0.001950 | | | NEW YORK-G-G-1 | 0.001902 | | | State of New Jersey, Series 2020A | 0.001871 | | | Los Angeles Department of Water & Power, Series 2025A | 0.001852 | | | OHIO WTR DEV AUTH-A | 0.001835 | ✓ | | Bay Area Toll Authority, Series 2026A | 0.001826 | | | State of New Jersey, Series 2020A | 0.001824 | | | State of New Jersey, Series 2020A | 0.001800 | | | LOS ANGELES DEPT-C | 0.001769 | | | UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.00000000 | 0.001768 | | | UNIV OF TEXAS UNIV-A | 0.001724 | | | NJ TPK AUTH-B | 0.001711 | | | MASSACHUSETTS ST | 0.001667 | | | State of California, Series 2025, GO Bonds | 0.001661 | | | State of New Jersey, Series 2020A | 0.001636 | | | Virginia Public Building Authority, Series 2021A-1 | 0.001600 | | | UNIV OF PITTSBURGH PA OF THE C REGD B/E 5.00000000 | 0.001599 | | | State of California, Series 2023 | 0.001598 | | | WI ST GF APP 5% 5/1/2026Q | 0.001569 | | | NEW YORK CITY-C-REF | 0.001561 | | | KY ST PROP 5% 11/1/2027 | 0.001536 | | | State of California, Series 2007 | 0.001534 | | | WASHINGTON ST WAS 07/26 FIXED 4 | 0.001512 | | | State of North Carolina, Series 2019 | 0.001481 | | | SOUTH CAROLINA ST ASSN OF GOVTL ORGANIZATIONS COPS | 0.001474 | | | CT HLTH & EDUCTNL-B-2 | 0.001467 | | | DE VLY FIN -A | 0.001437 | | | NJ TRANSPRTN TRUST-A | 0.001436 | | | GREAT LAKES WTR AUTH- | 0.001436 | | | E CO AWP JT PWRS-A-2 | 0.001428 | | | State of California | 0.001425 | | | State of Maryland | 0.001421 | | | NEW YORK MUNI WTR-AA2 | 0.001413 | | | STATE OF CALIFORNIA 5.0% 04-01-29 | 0.001402 | | | Washington Metropolitan Area Transit Authority, Series 2021A | 0.001343 | | | State of California, Series 2017 | 0.001342 | | | GUILFORD CO | 0.001340 | | ## Sources - N-PORT (fund A) — accession `0001410368-26-033337` (as of 2026-01-31) - N-PORT (fund B) — accession `0000105563-26-000162` (as of 2026-02-28) --- _Informational only — not investment advice. 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