{
  "page": "compare",
  "query": {
    "a": "AFTFX",
    "b": "FSMUX"
  },
  "retrieved_at": "2026-07-07T17:09:48+00:00",
  "disclaimer": "Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them.",
  "attribution": "Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC.",
  "terms": {
    "notice": "Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed.",
    "url": "https://fundwatcher.app/terms/"
  },
  "fund_a": {
    "name": "Tax Exempt Bond Fund of America",
    "ticker": "AFTFX",
    "slug": "AFTFX",
    "series_id": "S000009238",
    "html_url": "https://fundwatcher.app/funds/AFTFX/"
  },
  "fund_b": {
    "name": "Strategic Advisers Municipal Bond Fund",
    "ticker": "FSMUX",
    "slug": "FSMUX",
    "series_id": "S000072234",
    "html_url": "https://fundwatcher.app/funds/FSMUX/"
  },
  "overlap": {
    "coverage_a_by_b": "0.08863237995683596048518615498",
    "coverage_b_by_a": "0.08863237995683596048518615500",
    "shared_count": 804,
    "as_of": {
      "a": "2026-01-31",
      "b": "2026-02-28"
    },
    "a_top": [
      {
        "name": "WI TREASURY SEC. 0.000000% 02/19/2026",
        "value": "271537436.80",
        "weight": "0.01112210",
        "shared": false
      },
      {
        "name": "Puerto Rico, General Obligation Bonds, Vintage CW NT Claims Taxable Series 2022",
        "value": "103173633.90",
        "weight": "0.00422596",
        "shared": true
      },
      {
        "name": "Tender Option Bond Trust Receipts/Certificates",
        "value": "94112827.31",
        "weight": "0.00385484",
        "shared": true
      },
      {
        "name": "BLACK BELT ENERGY GAS VAR",
        "value": "90888485.10",
        "weight": "0.00372277",
        "shared": false
      },
      {
        "name": "GREAT LAKES WATER AUTHORITY SEWAGE DISPOSAL SYSTEM REVENUE AG FRN 07-01-32",
        "value": "81670697.46",
        "weight": "0.00334521",
        "shared": false
      },
      {
        "name": "California Community Choice Financing Authority, Series F",
        "value": "75829704.20",
        "weight": "0.00310596",
        "shared": true
      },
      {
        "name": "Puerto Rico, General Obligation Bonds, Clawback Highway Transportation Authority Claims Taxable Series 2022",
        "value": "72102536.76",
        "weight": "0.00295330",
        "shared": true
      },
      {
        "name": "TX MUNI GAS ACQ VI",
        "value": "71059836.50",
        "weight": "0.00291059",
        "shared": true
      },
      {
        "name": "BLACK BELT ENERGY GAS VAR",
        "value": "70498659.25",
        "weight": "0.00288761",
        "shared": true
      },
      {
        "name": "Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Refunding Series 2024B",
        "value": "66074293.74",
        "weight": "0.00270639",
        "shared": true
      },
      {
        "name": "S E ENERGY-B-REV",
        "value": "65122264.48",
        "weight": "0.00266739",
        "shared": true
      },
      {
        "name": "NH NFADEV 4.12 01/20/2034",
        "value": "63558079.78",
        "weight": "0.00260332",
        "shared": true
      },
      {
        "name": "Black Belt Energy Gas District, Series 2025 G",
        "value": "63448218.00",
        "weight": "0.00259882",
        "shared": true
      },
      {
        "name": "Southeast Energy Authority, Alabama, Commodity Supply Revenue Bonds, Project 2, Series 2021B-1",
        "value": "61898912.08",
        "weight": "0.00253536",
        "shared": true
      },
      {
        "name": "TN TNSUTL 5 12/01/2035",
        "value": "60858546.46",
        "weight": "0.00249275",
        "shared": true
      },
      {
        "name": "FREDDIE MAC MULTIFAMILY ML CERTIFICATES SER 2024-ML26 CL A V/R 3.26001000",
        "value": "60245651.24",
        "weight": "0.00246765",
        "shared": false
      },
      {
        "name": "BROOKLYN EVENTS CENTER LLC 5.0% 07-15-42",
        "value": "59199880.32",
        "weight": "0.00242481",
        "shared": false
      },
      {
        "name": "Black Belt Energy Gas District, Series F",
        "value": "59098124.97",
        "weight": "0.00242064",
        "shared": true
      },
      {
        "name": "NEW HOPE CULTURAL EDU FACS FIN REGD B/E 5.50000000",
        "value": "57618526.00",
        "weight": "0.00236004",
        "shared": true
      },
      {
        "name": "NFA 2022-1 A 4.375% 09-20-36",
        "value": "55384499.38",
        "weight": "0.00226853",
        "shared": true
      },
      {
        "name": "SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE",
        "value": "54550510.70",
        "weight": "0.00223437",
        "shared": false
      },
      {
        "name": "TEXAS ST MUNI GAS ACQUISITION& TEXAS MUNICIPAL GAS ACQUISITION & SUPPLY CORP IV",
        "value": "52587027.24",
        "weight": "0.00215395",
        "shared": true
      },
      {
        "name": "NATIONWIDE CHILDREN'S HOSPITAL INC 5.25% 11-01-55",
        "value": "52515213.68",
        "weight": "0.00215101",
        "shared": false
      },
      {
        "name": "AZ ST-A",
        "value": "51791917.41",
        "weight": "0.00212138",
        "shared": false
      },
      {
        "name": "S E ENERGY COOP DT",
        "value": "51705706.46",
        "weight": "0.00211785",
        "shared": true
      },
      {
        "name": "NEW JERSEY ST HSG & MTGE FIN AGY REVENUE",
        "value": "51578728.11",
        "weight": "0.00211265",
        "shared": false
      },
      {
        "name": "BANNER HEALTH OBLIGATED GROUP (MPT) FRN 01-01-37",
        "value": "51342891.36",
        "weight": "0.00210299",
        "shared": true
      },
      {
        "name": "California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB",
        "value": "51297073.58",
        "weight": "0.00210111",
        "shared": true
      },
      {
        "name": "New Hampshire (State of) Business Finance Authority (Social Bonds), Series 2022-2A, RB",
        "value": "49035346.44",
        "weight": "0.00200847",
        "shared": true
      },
      {
        "name": "WA ST HSG FIN -A-1",
        "value": "48395926.83",
        "weight": "0.00198228",
        "shared": true
      },
      {
        "name": "NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE FRN 11-01-54",
        "value": "48000000.00",
        "weight": "0.00196607",
        "shared": false
      },
      {
        "name": "CA STWD CMNTYS DEV-B",
        "value": "47779460.40",
        "weight": "0.00195703",
        "shared": false
      },
      {
        "name": "LOUISIANA ST LOCAL GOVT ENVRNM REGD B/E 2.50000000",
        "value": "47766272.84",
        "weight": "0.00195649",
        "shared": false
      },
      {
        "name": "California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB",
        "value": "47441601.69",
        "weight": "0.00194320",
        "shared": true
      },
      {
        "name": "WA ST HSG FIN COMMN-1",
        "value": "46603714.20",
        "weight": "0.00190888",
        "shared": true
      },
      {
        "name": "NH NFADEV 11/20/2039",
        "value": "46225884.31",
        "weight": "0.00189340",
        "shared": true
      },
      {
        "name": "CALIFORNIA COMMUNITY VAR",
        "value": "45986417.76",
        "weight": "0.00188359",
        "shared": false
      },
      {
        "name": "MUNIBOND",
        "value": "45725004.05",
        "weight": "0.00187288",
        "shared": true
      },
      {
        "name": "Public Energy Auth. of Kentucky Gas Supply Rev. Refg. C",
        "value": "45025964.50",
        "weight": "0.00184425",
        "shared": true
      },
      {
        "name": "NYC TRANS FIN AUTH-B4",
        "value": "44905000.00",
        "weight": "0.00183930",
        "shared": false
      },
      {
        "name": "SOUTH CAROLINA ST JOBS-ECON DEV AUTH HOSP REVENUE",
        "value": "44700000.00",
        "weight": "0.00183090",
        "shared": false
      },
      {
        "name": "Black Belt Energy Gas District, Series D",
        "value": "44358985.93",
        "weight": "0.00181693",
        "shared": true
      },
      {
        "name": "FHLMC MULTIFAMILY VRD CTFS 21M67-A 2.25% 12-15-37",
        "value": "43881117.39",
        "weight": "0.00179736",
        "shared": false
      },
      {
        "name": "BLACK BELT ENERGY GAS DISTRICT (MPT) 5.0% 03-01-55",
        "value": "43782681.37",
        "weight": "0.00179333",
        "shared": true
      },
      {
        "name": "FRETE 2023-ML16 ACA",
        "value": "42862276.63",
        "weight": "0.00175563",
        "shared": false
      },
      {
        "name": "NEW YORK NY",
        "value": "42170000.00",
        "weight": "0.00172727",
        "shared": false
      },
      {
        "name": "NH NFADEV 02/20/2041",
        "value": "41952792.70",
        "weight": "0.00171837",
        "shared": true
      },
      {
        "name": "Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2022A-1",
        "value": "41821167.96",
        "weight": "0.00171298",
        "shared": false
      },
      {
        "name": "Jefferson (County of), AL, Series 2024, Ref. Revenue Wts.",
        "value": "41601834.84",
        "weight": "0.00170400",
        "shared": true
      },
      {
        "name": "NYC TRANSTNL FIN-A4",
        "value": "41425000.00",
        "weight": "0.00169676",
        "shared": false
      }
    ],
    "b_top": [
      {
        "name": "Allspring Municipal Bond Admin",
        "value": "865145655.00",
        "weight": "0.06200385",
        "shared": false
      },
      {
        "name": "Vanguard Long-Term Tax-Exempt Adm",
        "value": "694526934.51",
        "weight": "0.04977583",
        "shared": false
      },
      {
        "name": "Franklin Federal Tax Free Income R6",
        "value": "656439810.79",
        "weight": "0.04704618",
        "shared": false
      },
      {
        "name": "MONEY MARKET FUND",
        "value": "482309091.20",
        "weight": "0.03456646",
        "shared": false
      },
      {
        "name": "ISHARES NATIONAL MUNI BOND ETF ISHARES NATIONAL MUNI BOND E",
        "value": "322880269.60",
        "weight": "0.02314040",
        "shared": false
      },
      {
        "name": "VANGUARD TAX-EXM",
        "value": "310440040.35",
        "weight": "0.02224883",
        "shared": false
      },
      {
        "name": "DWS Managed Municipal Bond S",
        "value": "306113111.12",
        "weight": "0.02193872",
        "shared": false
      },
      {
        "name": "FIDELITY SAI ENHANCED MUNICIPAL INCOME FUND",
        "value": "259260993.15",
        "weight": "0.01858089",
        "shared": false
      },
      {
        "name": "BlackRock National Municipal Inv A",
        "value": "259004967.65",
        "weight": "0.01856254",
        "shared": false
      },
      {
        "name": "Eaton Vance National Municipal Income I",
        "value": "243829535.70",
        "weight": "0.01747494",
        "shared": false
      },
      {
        "name": "American High-Income Municipal Bond F-2",
        "value": "155640780.16",
        "weight": "0.01115457",
        "shared": false
      },
      {
        "name": "Fidelity Municipal Cash Central Fund",
        "value": "80023976.23",
        "weight": "0.00573521",
        "shared": false
      },
      {
        "name": "Invesco Government & Agency Portfolio, Institutional Class",
        "value": "40242334.91",
        "weight": "0.00288412",
        "shared": false
      },
      {
        "name": "MAIN STR NAT GA 4% 07/01/2052 MT",
        "value": "37437239.06",
        "weight": "0.00268308",
        "shared": false
      },
      {
        "name": "PUERTO RICO SALES TAX FING COR REGD OID B/E 4.75000000",
        "value": "33883883.53",
        "weight": "0.00242841",
        "shared": true
      },
      {
        "name": "OH BUCGEN 5 06/01/2055",
        "value": "32929474.32",
        "weight": "0.00236001",
        "shared": false
      },
      {
        "name": "SOUTHEAST ENERGY-E",
        "value": "31490389.35",
        "weight": "0.00225687",
        "shared": false
      },
      {
        "name": "TN TNSUTL 5 12/01/2035",
        "value": "28499240.13",
        "weight": "0.00204250",
        "shared": true
      },
      {
        "name": "Public Energy Auth. of Kentucky Gas Supply Rev. Refg. C",
        "value": "20993906.34",
        "weight": "0.00150461",
        "shared": true
      },
      {
        "name": "California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 C, RB",
        "value": "20284645.40",
        "weight": "0.00145377",
        "shared": false
      },
      {
        "name": "Puerto Rico Commonwealth Aqueduct & Sewer Authority, Series A",
        "value": "20125969.14",
        "weight": "0.00144240",
        "shared": false
      },
      {
        "name": "CHICAGO ILLIN 6% 4/1/2046",
        "value": "18890444.64",
        "weight": "0.00135385",
        "shared": true
      },
      {
        "name": "MUNIBOND",
        "value": "18270368.41",
        "weight": "0.00130941",
        "shared": true
      },
      {
        "name": "PUERTO RICO SALES TAX FING COR REGD OID B/E 5.00000000",
        "value": "18207752.42",
        "weight": "0.00130493",
        "shared": true
      },
      {
        "name": "MAIN STR NAT GA(RCC) 5% 9/1/30MT 53",
        "value": "16523209.13",
        "weight": "0.00118420",
        "shared": true
      },
      {
        "name": "TX TTFTRN 5.5 10/01/2055",
        "value": "16370516.04",
        "weight": "0.00117325",
        "shared": true
      },
      {
        "name": "TN TNSUTL 5 11/01/2034",
        "value": "16071892.68",
        "weight": "0.00115185",
        "shared": true
      },
      {
        "name": "NY TRANS CORP(JFK INT NEW ONE)/AGM 5.13% 6/30/60@",
        "value": "15961418.43",
        "weight": "0.00114393",
        "shared": false
      },
      {
        "name": "Southeast Energy Authority, Alabama, Revenue Bonds Cooperative District Energy Supply Series 2024C",
        "value": "15885729.16",
        "weight": "0.00113851",
        "shared": true
      },
      {
        "name": "NEW YORK ST URBAN DEV CORP SALES TAX REVENUE",
        "value": "15696810.00",
        "weight": "0.00112497",
        "shared": false
      },
      {
        "name": "NY NYEFAC 07/01/2056",
        "value": "15553968.75",
        "weight": "0.00111473",
        "shared": false
      },
      {
        "name": "San Francisco City & County Airport Comm-San Francisco International Airport",
        "value": "15330517.33",
        "weight": "0.00109872",
        "shared": false
      },
      {
        "name": "LOWER AL GAS DT-A-REF",
        "value": "15111818.57",
        "weight": "0.00108304",
        "shared": true
      },
      {
        "name": "State of Illinois, Series D",
        "value": "15006124.16",
        "weight": "0.00107547",
        "shared": false
      },
      {
        "name": "TOBACCO SETTLEMENT FING CORP N TOBGEN 06/46 FIXED 5",
        "value": "14988320.72",
        "weight": "0.00107419",
        "shared": false
      },
      {
        "name": "WI PUBTRN 5.75 12/31/2065",
        "value": "14578761.47",
        "weight": "0.00104484",
        "shared": false
      },
      {
        "name": "PENNSYLVANIA ST ECON DEV FING REGD OID B/E AMT 5.25000000",
        "value": "14489270.33",
        "weight": "0.00103843",
        "shared": false
      },
      {
        "name": "STATE OF ILLINOIS MCCORMICK PLACE EXPANSION PROJECT FUND 4.0% 06-15-52",
        "value": "14479978.80",
        "weight": "0.00103776",
        "shared": true
      },
      {
        "name": "PENNSYLVANIA ST ECON DEV FING REGD B/E AMT 5.75000000",
        "value": "14373169.96",
        "weight": "0.00103011",
        "shared": false
      },
      {
        "name": "Puerto Rico, General Obligation Bonds, Vintage CW NT Claims Taxable Series 2022",
        "value": "14359374.05",
        "weight": "0.00102912",
        "shared": true
      },
      {
        "name": "MAIN STR NAT GA 4% 9/1/2052",
        "value": "14357702.49",
        "weight": "0.00102900",
        "shared": false
      },
      {
        "name": "Southeast Energy Authority, Alabama, Revenue Bonds, Cooperative District Energy Supply Series 2025B",
        "value": "14355131.65",
        "weight": "0.00102881",
        "shared": true
      },
      {
        "name": "MAIN STR NAT GA 5% MT",
        "value": "14222939.55",
        "weight": "0.00101934",
        "shared": false
      },
      {
        "name": "Black Belt Energy Gas District, Series D-1",
        "value": "14178203.36",
        "weight": "0.00101613",
        "shared": true
      },
      {
        "name": "TX TXSUTL 01/01/2055",
        "value": "13568832.68",
        "weight": "0.00097246",
        "shared": false
      },
      {
        "name": "PUERTO RICO SALES TAX FING COR REGD ZCP OID B/E 0.00000000",
        "value": "13388709.79",
        "weight": "0.00095955",
        "shared": true
      },
      {
        "name": "NEW YORK ST DO 5% 3/15/2041",
        "value": "13335564.04",
        "weight": "0.00095574",
        "shared": false
      },
      {
        "name": "California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB",
        "value": "13108509.88",
        "weight": "0.00093947",
        "shared": true
      },
      {
        "name": "California Community Choice Financing Authority, Series 2025G",
        "value": "13063507.04",
        "weight": "0.00093624",
        "shared": true
      },
      {
        "name": "NY TRNSPRTN DEV CRP-A",
        "value": "13029440.89",
        "weight": "0.00093380",
        "shared": false
      }
    ]
  },
  "error": null,
  "sources": [
    {
      "label": "N-PORT (fund A)",
      "accession_no": "0001193125-26-130884",
      "as_of": "2026-01-31",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/50142/000119312526130884/0001193125-26-130884-index.htm"
    },
    {
      "label": "N-PORT (fund B)",
      "accession_no": "0000035402-26-002694",
      "as_of": "2026-02-28",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1364924/000003540226002694/0000035402-26-002694-index.htm"
    }
  ]
}