{
  "page": "compare",
  "query": {
    "a": "FMB",
    "b": "CWAIX"
  },
  "retrieved_at": "2026-07-07T17:28:52+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": "First Trust Managed Municipal ETF",
    "ticker": "FMB",
    "slug": "FMB",
    "series_id": "S000044373",
    "html_url": "https://fundwatcher.app/funds/FMB/"
  },
  "fund_b": {
    "name": "First Trust Managed Municipal Fund",
    "ticker": "CWAIX",
    "slug": "CWAIX",
    "series_id": "S000074778",
    "html_url": "https://fundwatcher.app/funds/CWAIX/"
  },
  "overlap": {
    "coverage_a_by_b": "0.04594949169714440680121714008",
    "coverage_b_by_a": "0.04594949169714440680121714009",
    "shared_count": 45,
    "as_of": {
      "a": "2026-04-30",
      "b": "2026-04-30"
    },
    "a_top": [
      {
        "name": "County of Meade, Series B-1",
        "value": "16200000.00",
        "weight": "0.00810588",
        "shared": false
      },
      {
        "name": "MAIN STR NAT GA 4% 9/1/2052",
        "value": "14732403.10",
        "weight": "0.00737155",
        "shared": true
      },
      {
        "name": "MUNIBOND",
        "value": "10118334.99",
        "weight": "0.00506284",
        "shared": false
      },
      {
        "name": "New York City Transitional Finance Authority Future Tax Secured Revenue",
        "value": "10085019.00",
        "weight": "0.00504617",
        "shared": false
      },
      {
        "name": "TEXAS ST MUNI GAS ACQUISITION& TEXAS MUNICIPAL GAS ACQUISITION & SUPPLY CORP IV",
        "value": "9299259.84",
        "weight": "0.00465301",
        "shared": false
      },
      {
        "name": "S E ENERGY COOP DT",
        "value": "9240992.40",
        "weight": "0.00462385",
        "shared": false
      },
      {
        "name": "City of Atlanta GA Airport Passenger Facility Charge",
        "value": "8962437.81",
        "weight": "0.00448447",
        "shared": false
      },
      {
        "name": "NY DORM AUTH-E",
        "value": "8339181.60",
        "weight": "0.00417262",
        "shared": false
      },
      {
        "name": "SOUTHEAST ENERGY AUTH VAR",
        "value": "8266349.63",
        "weight": "0.00413618",
        "shared": false
      },
      {
        "name": "PUERTO RICO SALES TAX FING COR PUERTO RICO SALES TAX FINANCING CORP SALES TAX REV",
        "value": "8258472.36",
        "weight": "0.00413224",
        "shared": true
      },
      {
        "name": "MUNIBOND",
        "value": "7731491.23",
        "weight": "0.00386855",
        "shared": false
      },
      {
        "name": "INTERMOUNTAIN HEALTHCARE OBLIGATED GROUP 4.0% 01-01-40",
        "value": "7481933.75",
        "weight": "0.00374368",
        "shared": false
      },
      {
        "name": "San Francisco City & County Airport Comm-San Francisco International Airport",
        "value": "7254653.00",
        "weight": "0.00362996",
        "shared": false
      },
      {
        "name": "Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Cook Childrens Medical Center, Series 2025",
        "value": "6843813.60",
        "weight": "0.00342439",
        "shared": false
      },
      {
        "name": "E BATON ROUGE PARISH LA SWR CO EASUTL 02/45 FIXED 4",
        "value": "6370418.60",
        "weight": "0.00318752",
        "shared": false
      },
      {
        "name": "Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2019C-1",
        "value": "6363769.23",
        "weight": "0.00318420",
        "shared": false
      },
      {
        "name": "NYC NY 5% 3/1/42",
        "value": "6329932.77",
        "weight": "0.00316727",
        "shared": false
      },
      {
        "name": "PENNSYLVANIA ST ECON DEV FING REGD B/E AMT 5.25000000",
        "value": "6309474.19",
        "weight": "0.00315703",
        "shared": false
      },
      {
        "name": "New York (City of), NY, Subseries 2022 B-1, GO Bonds",
        "value": "6289034.27",
        "weight": "0.00314680",
        "shared": false
      },
      {
        "name": "Walker County Economic & Industrial Development Authority",
        "value": "6000000.00",
        "weight": "0.00300218",
        "shared": false
      },
      {
        "name": "CALIFORNIA ST POLL CONTROL FIN REGD B/E AMT 5.00000000",
        "value": "5997002.91",
        "weight": "0.00300068",
        "shared": false
      },
      {
        "name": "North Texas Tollway Authority, First Tier, Series 2020A",
        "value": "5975398.17",
        "weight": "0.00298987",
        "shared": false
      },
      {
        "name": "Isle Wight (County of), VA Economic Development Authority (Riverside Health System), Series 2023, RB",
        "value": "5811149.82",
        "weight": "0.00290769",
        "shared": false
      },
      {
        "name": "State of Connecticut, Series 2020 A",
        "value": "5783104.50",
        "weight": "0.00289365",
        "shared": false
      },
      {
        "name": "LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE",
        "value": "5776533.67",
        "weight": "0.00289036",
        "shared": false
      },
      {
        "name": "CHATTANOOGA TN HLTH EDUCTNL &HSG FAC BRD REVENUE",
        "value": "5709468.36",
        "weight": "0.00285681",
        "shared": false
      },
      {
        "name": "SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE",
        "value": "5677981.58",
        "weight": "0.00284105",
        "shared": false
      },
      {
        "name": "NEW YORK NY",
        "value": "5605586.57",
        "weight": "0.00280483",
        "shared": false
      },
      {
        "name": "BLACK BELT ENERGY GAS VAR",
        "value": "5554540.45",
        "weight": "0.00277929",
        "shared": true
      },
      {
        "name": "New Hampshire Business Finance Authority",
        "value": "5502809.95",
        "weight": "0.00275340",
        "shared": false
      },
      {
        "name": "WA ST 5% 8/1/2041",
        "value": "5468201.50",
        "weight": "0.00273609",
        "shared": false
      },
      {
        "name": "SOUTHEAST ENERGY-D",
        "value": "5388940.00",
        "weight": "0.00269643",
        "shared": false
      },
      {
        "name": "IPS Multi-School Building Corp",
        "value": "5344679.00",
        "weight": "0.00267428",
        "shared": false
      },
      {
        "name": "PORT OF SEATTLE WA REVENUE REGD B/E AMT 5.00000000",
        "value": "5291245.50",
        "weight": "0.00264754",
        "shared": false
      },
      {
        "name": "TX WTR DEV BRD -REV",
        "value": "5281452.50",
        "weight": "0.00264264",
        "shared": false
      },
      {
        "name": "TX PRIVATE ACTIVITY-A",
        "value": "5259133.50",
        "weight": "0.00263148",
        "shared": false
      },
      {
        "name": "DENVER CITY & CNTY CO ARPT REVENUE",
        "value": "5223449.00",
        "weight": "0.00261362",
        "shared": false
      },
      {
        "name": "DELAWARE VLY REG-B",
        "value": "5200000.00",
        "weight": "0.00260189",
        "shared": false
      },
      {
        "name": "DENVER CITY & CNTY CO ARPT REV REGD B/E AMT 5.00000000",
        "value": "5195826.50",
        "weight": "0.00259980",
        "shared": false
      },
      {
        "name": "Tri-County Metropolitan Transportation District of Oregon, Series 2018, RB",
        "value": "5124249.90",
        "weight": "0.00256399",
        "shared": false
      },
      {
        "name": "MISSISSIPPI ST HOSP EQUIPMENT & FACS AUTH",
        "value": "5007908.00",
        "weight": "0.00250577",
        "shared": false
      },
      {
        "name": "RESTRUCTURED-SER A1",
        "value": "4997113.00",
        "weight": "0.00250037",
        "shared": true
      },
      {
        "name": "Energy Southeast A Cooperative District, Series B-1",
        "value": "4912609.05",
        "weight": "0.00245809",
        "shared": false
      },
      {
        "name": "MONTGOMERY INDL 0% 10/1/2053 MT",
        "value": "4860943.38",
        "weight": "0.00243224",
        "shared": false
      },
      {
        "name": "East Allen Multi School Building Corp",
        "value": "4810310.51",
        "weight": "0.00240690",
        "shared": false
      },
      {
        "name": "Kentucky Municipal Energy Agency",
        "value": "4803703.67",
        "weight": "0.00240360",
        "shared": false
      },
      {
        "name": "Round Rock Independent School District",
        "value": "4792289.14",
        "weight": "0.00239788",
        "shared": false
      },
      {
        "name": "SOUTHEAST ENRG 5% MT",
        "value": "4747546.80",
        "weight": "0.00237550",
        "shared": true
      },
      {
        "name": "SAN FRANCISCO CITY & COUNTY AIRPORT COMM-SAN FRANCISCO INTERNATIONAL AIRPORT 5.25% 05-01-40",
        "value": "4723406.06",
        "weight": "0.00236342",
        "shared": false
      },
      {
        "name": "HOUSTON TX ARPT SYS REVENUE",
        "value": "4687408.30",
        "weight": "0.00234541",
        "shared": false
      }
    ],
    "b_top": [
      {
        "name": "Kern Community College District, Series D",
        "value": "1115940.30",
        "weight": "0.02104259",
        "shared": true
      },
      {
        "name": "YONKERS NY REGD B/E BAM 5.00000000",
        "value": "1096422.00",
        "weight": "0.02067455",
        "shared": false
      },
      {
        "name": "Consolidated Municipalities Electric Power Systems Joint Powers Board",
        "value": "1093714.30",
        "weight": "0.02062349",
        "shared": false
      },
      {
        "name": "PENNSYLVANIA ST ECON DEV FING REGD B/E AMT 5.50000000",
        "value": "1090505.20",
        "weight": "0.02056298",
        "shared": true
      },
      {
        "name": "Port of Portland, Series 27 A",
        "value": "1028401.87",
        "weight": "0.01939193",
        "shared": false
      },
      {
        "name": "DENVER CO ARPT 5.50% 11/15/2033",
        "value": "1024931.52",
        "weight": "0.01932650",
        "shared": true
      },
      {
        "name": "MD EDC 0% 10/1/2036 MT",
        "value": "1022819.30",
        "weight": "0.01928667",
        "shared": false
      },
      {
        "name": "New Hope Cultural Education Facilities Finance Corp., Series 2025, RB",
        "value": "1000000.00",
        "weight": "0.01885638",
        "shared": false
      },
      {
        "name": "CALIFORNIA COMMUNITY VAR",
        "value": "843266.92",
        "weight": "0.01590096",
        "shared": true
      },
      {
        "name": "Pennsylvania Turnpike Commission 5.00% 12/01/2039",
        "value": "821684.33",
        "weight": "0.01549399",
        "shared": false
      },
      {
        "name": "SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE",
        "value": "796154.63",
        "weight": "0.01501259",
        "shared": false
      },
      {
        "name": "SUFFOLK REGL OFF-TRACK BETTING SUFFOLK REGIONAL OFF-TRACK BETTING CORP",
        "value": "771701.78",
        "weight": "0.01455150",
        "shared": true
      },
      {
        "name": "RESTRUCTURED-SER A1",
        "value": "749566.95",
        "weight": "0.01413412",
        "shared": true
      },
      {
        "name": "MAINE ST FIN AUTH SOL WST DISP REVENUE",
        "value": "736095.01",
        "weight": "0.01388009",
        "shared": false
      },
      {
        "name": "Adams & Arapahoe Counties Joint School District 28J Aurora",
        "value": "711097.01",
        "weight": "0.01340871",
        "shared": false
      },
      {
        "name": "Montgomery (County of), PA Industrial Development Authority (ACTS Retirement-Life Communities, Inc.), Series 2016, Ref. RB",
        "value": "704156.60",
        "weight": "0.01327784",
        "shared": false
      },
      {
        "name": "MET WA ARPTS AUTH-A-A",
        "value": "701574.58",
        "weight": "0.01322916",
        "shared": false
      },
      {
        "name": "WHITING IN ENVRNMNTL FACS REVE REGD V/R B/E AMT 5.00000000",
        "value": "701312.92",
        "weight": "0.01322422",
        "shared": true
      },
      {
        "name": "MIDAS MOUNTAIN VETERANS PROGRA REGD B/E 5.20000000",
        "value": "686773.47",
        "weight": "0.01295006",
        "shared": false
      },
      {
        "name": "Black Belt Energy Gas District (The) (Gas), Series 2022 F, RB",
        "value": "669329.66",
        "weight": "0.01262113",
        "shared": true
      },
      {
        "name": "NJ TRANSPR TRUST",
        "value": "616922.14",
        "weight": "0.01163292",
        "shared": true
      },
      {
        "name": "South Carolina Public Service Authority",
        "value": "607009.17",
        "weight": "0.01144599",
        "shared": true
      },
      {
        "name": "Louisville/Jefferson County Metropolitan Government",
        "value": "592966.00",
        "weight": "0.01118119",
        "shared": false
      },
      {
        "name": "PREREF IOWA ST FIN AUTH MIDWSTRN DISA REGD V/R B/E PREREFUNDED 12/01/32 @ 100 5.00000000",
        "value": "565924.70",
        "weight": "0.01067129",
        "shared": true
      },
      {
        "name": "Virginia Commonwealth Transportation Board",
        "value": "554595.88",
        "weight": "0.01045767",
        "shared": false
      },
      {
        "name": "Virginia Small Business Financing Authority",
        "value": "550778.15",
        "weight": "0.01038568",
        "shared": true
      },
      {
        "name": "JEA Electric System Revenue",
        "value": "547171.86",
        "weight": "0.01031768",
        "shared": false
      },
      {
        "name": "NH HLTH EDU FACS-REF",
        "value": "547042.00",
        "weight": "0.01031523",
        "shared": false
      },
      {
        "name": "NEW YORK NY REGD B/E 5.25000000",
        "value": "546507.65",
        "weight": "0.01030515",
        "shared": false
      },
      {
        "name": "CITY OF LOS ANGELES DEPARTMENT OF AIRPORTS",
        "value": "545875.55",
        "weight": "0.01029324",
        "shared": true
      },
      {
        "name": "Metropolitan Nashville Airport Authority (The), Series B",
        "value": "545704.65",
        "weight": "0.01029001",
        "shared": false
      },
      {
        "name": "WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE",
        "value": "545439.65",
        "weight": "0.01028502",
        "shared": false
      },
      {
        "name": "Columbus Regional Airport Authority, Series 2025 A",
        "value": "541516.95",
        "weight": "0.01021105",
        "shared": false
      },
      {
        "name": "Newark Higher Education Finance Corp.",
        "value": "541264.75",
        "weight": "0.01020629",
        "shared": true
      },
      {
        "name": "Pennsylvania Economic Development Financing Authority",
        "value": "541256.45",
        "weight": "0.01020614",
        "shared": true
      },
      {
        "name": "CA CASFIN 5.5 09/01/2056",
        "value": "537607.75",
        "weight": "0.01013733",
        "shared": false
      },
      {
        "name": "Florida Development Finance Corp",
        "value": "533176.90",
        "weight": "0.01005378",
        "shared": true
      },
      {
        "name": "NM MUNI ENERGY ACQ AU",
        "value": "531704.80",
        "weight": "0.01002603",
        "shared": true
      },
      {
        "name": "State of Illinois, Series 2020",
        "value": "531034.70",
        "weight": "0.01001339",
        "shared": false
      },
      {
        "name": "JACKSONVILLE STATE UNIVERSITY BAM 5.125% 08-01-44",
        "value": "529471.70",
        "weight": "0.00998392",
        "shared": true
      },
      {
        "name": "INDIANA ST FIN AUTH ENVRNMNTL REVENUE",
        "value": "528736.79",
        "weight": "0.00997006",
        "shared": true
      },
      {
        "name": "SOUTHEAST ENRG 5% MT",
        "value": "527505.20",
        "weight": "0.00994684",
        "shared": true
      },
      {
        "name": "Idaho Health Facilities Authority",
        "value": "527123.60",
        "weight": "0.00993964",
        "shared": true
      },
      {
        "name": "STATE OF NEW JERSEY 5.0% 12-15-39",
        "value": "524127.90",
        "weight": "0.00988315",
        "shared": true
      },
      {
        "name": "BLACK BELT ENERGY GAS VAR",
        "value": "524013.25",
        "weight": "0.00988099",
        "shared": true
      },
      {
        "name": "Lakewood Ranch Stewardship District Utility Revenue",
        "value": "523171.60",
        "weight": "0.00986512",
        "shared": true
      },
      {
        "name": "Charlotte (County of), FL Industrial Development Authority (Town & Country Utilities), Series 2025, RB",
        "value": "523073.80",
        "weight": "0.00986328",
        "shared": false
      },
      {
        "name": "MAXATAWNY TWP P 5% 1/1/2041",
        "value": "512853.95",
        "weight": "0.00967057",
        "shared": true
      },
      {
        "name": "Union County Hospital Facility Authority",
        "value": "510841.60",
        "weight": "0.00963262",
        "shared": false
      },
      {
        "name": "State of Hawaii, Series 2018 A",
        "value": "509057.60",
        "weight": "0.00959898",
        "shared": true
      }
    ]
  },
  "error": null,
  "sources": [
    {
      "label": "N-PORT (fund A)",
      "accession_no": "0000940400-26-024909",
      "as_of": "2026-04-30",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1424212/000094040026024909/0000940400-26-024909-index.htm"
    },
    {
      "label": "N-PORT (fund B)",
      "accession_no": "0000940400-26-024894",
      "as_of": "2026-04-30",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1497778/000094040026024894/0000940400-26-024894-index.htm"
    }
  ]
}