{
  "page": "compare",
  "query": {
    "a": "FENCX",
    "b": "FSMUX"
  },
  "retrieved_at": "2026-07-07T18:42:06+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": "Fidelity SAI Enhanced Municipal Income Fund",
    "ticker": "FENCX",
    "slug": "FENCX",
    "series_id": "S000090604",
    "html_url": "https://fundwatcher.app/funds/FENCX/"
  },
  "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": "0.07867361035703290595647493776",
    "coverage_b_by_a": "0.07867361035703290595647493777",
    "shared_count": 273,
    "as_of": {
      "a": "2026-03-31",
      "b": "2026-02-28"
    },
    "a_top": [
      {
        "name": "Fidelity Municipal Cash Central Fund",
        "value": "59823430.77",
        "weight": "0.05049863",
        "shared": true
      },
      {
        "name": "VANGUARD TAX-EXM",
        "value": "14967000.00",
        "weight": "0.01263406",
        "shared": true
      },
      {
        "name": "ISHARES NATIONAL MUNI BOND ETF ISHARES NATIONAL MUNI BOND E",
        "value": "5307500.00",
        "weight": "0.00448021",
        "shared": true
      },
      {
        "name": "TN TNSUTL 5 11/01/2034",
        "value": "4268269.60",
        "weight": "0.00360297",
        "shared": true
      },
      {
        "name": "State of California",
        "value": "3862485.20",
        "weight": "0.00326043",
        "shared": false
      },
      {
        "name": "MAIN STR NAT GA 5% MT",
        "value": "3782528.86",
        "weight": "0.00319294",
        "shared": true
      },
      {
        "name": "Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Refunding Series 2025A",
        "value": "3360041.22",
        "weight": "0.00283630",
        "shared": true
      },
      {
        "name": "ST OHIO-B-REF",
        "value": "3345057.00",
        "weight": "0.00282366",
        "shared": false
      },
      {
        "name": "BROWARD FL SD C 5% 7/1/2031",
        "value": "3288628.80",
        "weight": "0.00277602",
        "shared": false
      },
      {
        "name": "CA ST 5.25% 10/1/2051",
        "value": "3214388.10",
        "weight": "0.00271336",
        "shared": false
      },
      {
        "name": "SOUTHEAST ENERGY-E",
        "value": "3193815.28",
        "weight": "0.00269599",
        "shared": true
      },
      {
        "name": "MAIN STR NAT GA 5% 5/1/2055 MT",
        "value": "3189138.45",
        "weight": "0.00269204",
        "shared": true
      },
      {
        "name": "Black Belt Energy Gas District",
        "value": "3129792.00",
        "weight": "0.00264195",
        "shared": false
      },
      {
        "name": "CALIFORNIA COMMUNITY VAR",
        "value": "3127728.90",
        "weight": "0.00264020",
        "shared": true
      },
      {
        "name": "NYC NY 5.25% 10/1/2051",
        "value": "3127221.90",
        "weight": "0.00263978",
        "shared": false
      },
      {
        "name": "MAIN STR NAT GA(RCC) 5% 9/1/30MT 53",
        "value": "3106694.33",
        "weight": "0.00262245",
        "shared": true
      },
      {
        "name": "SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE",
        "value": "3057042.00",
        "weight": "0.00258053",
        "shared": false
      },
      {
        "name": "SLT LAKE U 5% 7/1/2032 @",
        "value": "2966272.25",
        "weight": "0.00250391",
        "shared": true
      },
      {
        "name": "MINNESOTA ST HSG FIN AGY REGD B/E GNMA/FN 6.00000000",
        "value": "2957287.11",
        "weight": "0.00249633",
        "shared": false
      },
      {
        "name": "VA ST HSG DEV 4.75% 7/1/2056",
        "value": "2942530.50",
        "weight": "0.00248387",
        "shared": false
      },
      {
        "name": "Public Energy Auth. of Kentucky Gas Supply Rev. Refg. C",
        "value": "2873128.17",
        "weight": "0.00242529",
        "shared": true
      },
      {
        "name": "AK AKSHSG 6 12/01/2056",
        "value": "2791158.80",
        "weight": "0.00235610",
        "shared": false
      },
      {
        "name": "California Community Choice Financing Authority, Series B-1",
        "value": "2758120.45",
        "weight": "0.00232821",
        "shared": true
      },
      {
        "name": "NM MUNI ENERGY ACQ AU",
        "value": "2714649.20",
        "weight": "0.00229151",
        "shared": true
      },
      {
        "name": "BLACK BELT ENERGY GAS DISTRICT (MPT) 5.0% 03-01-55",
        "value": "2688822.92",
        "weight": "0.00226971",
        "shared": true
      },
      {
        "name": "Black Belt Energy Gas District, Series D-1",
        "value": "2681133.24",
        "weight": "0.00226322",
        "shared": true
      },
      {
        "name": "California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB",
        "value": "2626747.46",
        "weight": "0.00221731",
        "shared": true
      },
      {
        "name": "San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2021 A, Ref. RB",
        "value": "2598713.97",
        "weight": "0.00219365",
        "shared": false
      },
      {
        "name": "COLORADO ED 5.25% 3/1/2056",
        "value": "2579868.75",
        "weight": "0.00217774",
        "shared": false
      },
      {
        "name": "TEXAS ST REGD V/R B/E 0.00000000",
        "value": "2577970.20",
        "weight": "0.00217614",
        "shared": false
      },
      {
        "name": "PENNSYLVANIA ST UNIV",
        "value": "2570992.97",
        "weight": "0.00217025",
        "shared": false
      },
      {
        "name": "MEMPHIS TENN LT 5% 12/1/2055",
        "value": "2551712.25",
        "weight": "0.00215397",
        "shared": false
      },
      {
        "name": "Black Belt Energy Gas District, Series 2025 A",
        "value": "2545225.50",
        "weight": "0.00214850",
        "shared": true
      },
      {
        "name": "Black Belt Energy Gas District, Series D",
        "value": "2544710.78",
        "weight": "0.00214806",
        "shared": true
      },
      {
        "name": "OMAHA NE ARPT AUTH REGD B/E AMT AG 5.25000000",
        "value": "2440909.63",
        "weight": "0.00206044",
        "shared": false
      },
      {
        "name": "California Community Choice Financing Authority, Series C",
        "value": "2438496.07",
        "weight": "0.00205840",
        "shared": true
      },
      {
        "name": "WISCONSIN ST HLTH   EDUCTNL FA WISMED 08/41 FIXED 4",
        "value": "2344477.75",
        "weight": "0.00197904",
        "shared": false
      },
      {
        "name": "DALLAS TX 3.25% 2/15/2037",
        "value": "2330356.90",
        "weight": "0.00196712",
        "shared": false
      },
      {
        "name": "WSTFLD WA SCH 5.25% 7/15/2039",
        "value": "2312636.76",
        "weight": "0.00195216",
        "shared": false
      },
      {
        "name": "TX TMGUTL 01/01/2054",
        "value": "2306509.82",
        "weight": "0.00194699",
        "shared": true
      },
      {
        "name": "Black Belt Energy Gas District (The), Series 2023 B, RB",
        "value": "2294780.36",
        "weight": "0.00193709",
        "shared": true
      },
      {
        "name": "NY TRANS FIN AUTH-D-1",
        "value": "2265867.20",
        "weight": "0.00191268",
        "shared": false
      },
      {
        "name": "ILLINOIS ST HSG DEV AUTH REVENUE",
        "value": "2261176.40",
        "weight": "0.00190872",
        "shared": false
      },
      {
        "name": "STATE OF WASHINGTON",
        "value": "2248934.00",
        "weight": "0.00189839",
        "shared": false
      },
      {
        "name": "SOUTH DAKOTA ST HSG DEV AUTH",
        "value": "2242499.60",
        "weight": "0.00189296",
        "shared": false
      },
      {
        "name": "FLORIDA HSG FIN CORP REVENUE",
        "value": "2241429.00",
        "weight": "0.00189205",
        "shared": false
      },
      {
        "name": "NYC NY 5% 8/1/2033",
        "value": "2240879.80",
        "weight": "0.00189159",
        "shared": false
      },
      {
        "name": "District of Columbia, Series 2026A",
        "value": "2233993.80",
        "weight": "0.00188578",
        "shared": false
      },
      {
        "name": "GEORGIA ST HSG & FIN AUTH REVE REGD B/E GNMA/FN 6.25000000",
        "value": "2229576.60",
        "weight": "0.00188205",
        "shared": false
      },
      {
        "name": "NYC TRANSITIONAL-A-1",
        "value": "2217944.40",
        "weight": "0.00187223",
        "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": true
      },
      {
        "name": "VANGUARD TAX-EXM",
        "value": "310440040.35",
        "weight": "0.02224883",
        "shared": true
      },
      {
        "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": true
      },
      {
        "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": true
      },
      {
        "name": "PUERTO RICO SALES TAX FING COR REGD OID B/E 4.75000000",
        "value": "33883883.53",
        "weight": "0.00242841",
        "shared": false
      },
      {
        "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": true
      },
      {
        "name": "TN TNSUTL 5 12/01/2035",
        "value": "28499240.13",
        "weight": "0.00204250",
        "shared": false
      },
      {
        "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": false
      },
      {
        "name": "MUNIBOND",
        "value": "18270368.41",
        "weight": "0.00130941",
        "shared": false
      },
      {
        "name": "PUERTO RICO SALES TAX FING COR REGD OID B/E 5.00000000",
        "value": "18207752.42",
        "weight": "0.00130493",
        "shared": false
      },
      {
        "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": false
      },
      {
        "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": true
      },
      {
        "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": false
      },
      {
        "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": false
      },
      {
        "name": "MAIN STR NAT GA 4% 9/1/2052",
        "value": "14357702.49",
        "weight": "0.00102900",
        "shared": true
      },
      {
        "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": true
      },
      {
        "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": false
      },
      {
        "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": false
      },
      {
        "name": "NY TRNSPRTN DEV CRP-A",
        "value": "13029440.89",
        "weight": "0.00093380",
        "shared": false
      }
    ]
  },
  "error": null,
  "sources": [
    {
      "label": "N-PORT (fund A)",
      "accession_no": "0000035402-26-003418",
      "as_of": "2026-03-31",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/35315/000003540226003418/0000035402-26-003418-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"
    }
  ]
}