Columbia Short Duration Bond ETF

Columbia Short Duration Bond ETF (SBND) tracks the Beta Advantage Short Term Bond Index. The index spreads money across four parts of the bond market: US mortgage and other securitized debt, investment-grade corporate bonds, high-yield corporate bonds and emerging-market government debt. It aims to keep duration at 3.5 years or less. It charges 0.25% a year, and its trailing yield was 4.57%, paid monthly, as of October 27, 2026.

• Over the year to Oct 27, 2026, SBND returned +0.9%, 6th of 8 among similar funds.
• Its worst full calendar year was 2024 (+4.8%); its best was 2025 (+7.4%).
• The deepest fall in its price history was 7.3% (Mar 3, 2022 to Oct 20, 2022), recovered by Nov 29, 2023.

As of Jul 31, 2026, the fund held 1,130 securities; the ten largest made up 12.19% of assets, and 10.39% sat in cash and money-market holdings.

The bonds mature in 7.7 years on average (weighted by size), with an average coupon of 4.95%.

• Over the three months to Jul 31, 2026, investors withdrew a net $3.7M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +0.29%, +0.17%, -0.18%.

SBND tries to match the Beta Advantage Short Term Bond Index. Bloomberg owns and calculates the index, and Columbia Management helped design it. The index follows set rules. It splits the bond market into four segments: US securitized debt, investment-grade corporate bonds, high-yield ("junk") corporate bonds, and emerging-market government and government-linked debt. Each segment is built around yield, quality and liquidity. Duration measures how much a bond's price moves when interest rates change, and the index's duration is not expected to go above 3.5 years. It was 3 years as of January 31, 2025. At that level, a 1-point rise in rates would cut value by about 3%.

The index held 3,720 bonds as of January 31, 2026. Columbia does not buy them all. It uses "representative sampling," which means holding a smaller set expected to behave like the whole index. The prospectus says the fund usually holds 500 to 700 positions, but the July 31, 2026 filing listed 1,130. The managers do not pick bonds on their merits or move to safer holdings in rough markets.

The index rebalances monthly, and portfolio turnover was 192%. The five largest positions as of July 31, 2026 were "to-be-announced" (TBA) contracts. These are agreements to buy Uniform Mortgage-Backed Securities on a future date, and they are often rolled forward month to month. Together they made up about 10% of assets. Cash made up 10.39%.

• SBND charges 0.25% a year, versus an average of 0.18% for the similar funds below (6th of 8, cheapest first).
• The fee includes a 0.01% waiver from the adviser, which may end.
• Using the prospectus's standard example, $10,000 invested would cost about $26 in the first year and $330 over 10 years (assuming a 5% annual return).

It pays monthly from a mix of short-term corporate, mortgage and emerging-market bonds, with less rate sensitivity than longer bond funds but more credit risk than Treasuries.

SBND could provide monthly income. Its trailing 12-month yield was 4.57%, or $0.84 a share, as of October 27, 2026. A short duration limits losses when rates rise, but it did not prevent them in 2022. The fund lost 7% that year, its worst calendar year. It fell 7.3% between March and October 2022 and took about 13 months to recover, in November 2023. It launched in September 2021, so it has no record through the 2008 or 2020 crashes. Junk and emerging-market bonds can drop when markets panic, so someone selling shares in a bad year may have to sell at a loss. Under the SEC example, costs on $10,000 are $26 for one year and $330 over 10 years. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

Matched by bond funds with the closest average maturity and issuer mix (N-PORT).