{
  "page": "compare",
  "query": {
    "a": "FMB",
    "b": "VMLTX"
  },
  "retrieved_at": "2026-07-07T16:47:36+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": "VANGUARD LIMITED-TERM TAX-EXEMPT FUND",
    "ticker": "VMLTX",
    "slug": "VMLTX",
    "series_id": "S000002895",
    "html_url": "https://fundwatcher.app/funds/VMLTX/"
  },
  "overlap": {
    "coverage_a_by_b": "0.04740441718465297353529163195",
    "coverage_b_by_a": "0.04740441718465297353529163195",
    "shared_count": 75,
    "as_of": {
      "a": "2026-04-30",
      "b": "2026-01-31"
    },
    "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": true
      },
      {
        "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": true
      },
      {
        "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": true
      },
      {
        "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": true
      },
      {
        "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": true
      },
      {
        "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": true
      },
      {
        "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": true
      },
      {
        "name": "MONTGOMERY INDL 0% 10/1/2053 MT",
        "value": "4860943.38",
        "weight": "0.00243224",
        "shared": true
      },
      {
        "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": "Vanguard Municipal Cash Management Fund",
        "value": "907500262.90",
        "weight": "0.02671922",
        "shared": false
      },
      {
        "name": "SOUTHEAST ENERGY-E",
        "value": "135713337.50",
        "weight": "0.00399576",
        "shared": true
      },
      {
        "name": "Nuveen AMT-Free Municipal Credit Income Fund",
        "value": "127700000.00",
        "weight": "0.00375983",
        "shared": false
      },
      {
        "name": "MUNIBOND",
        "value": "125939955.82",
        "weight": "0.00370801",
        "shared": true
      },
      {
        "name": "KY PUB ENERGY AUTH-A",
        "value": "124879995.85",
        "weight": "0.00367680",
        "shared": false
      },
      {
        "name": "MUNIBOND",
        "value": "123690576.72",
        "weight": "0.00364178",
        "shared": true
      },
      {
        "name": "MAIN STR NAT GA(RCC) 5% 9/1/30MT 53",
        "value": "112234152.02",
        "weight": "0.00330447",
        "shared": false
      },
      {
        "name": "NUVEEN AMT-FREE QUALITY MUNICIPAL INCOME FUND",
        "value": "110740000.00",
        "weight": "0.00326048",
        "shared": false
      },
      {
        "name": "BLACK BELT ENERGY GAS VAR",
        "value": "108892179.08",
        "weight": "0.00320607",
        "shared": false
      },
      {
        "name": "Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Refunding Series 2025A",
        "value": "106863806.92",
        "weight": "0.00314635",
        "shared": false
      },
      {
        "name": "Energy Southeast Cooperative District, Alabama, Energy Supply Revenue Bonds, Series 2025B",
        "value": "106517943.75",
        "weight": "0.00313617",
        "shared": false
      },
      {
        "name": "NM MUNI ENERGY ACQ AU",
        "value": "104981830.20",
        "weight": "0.00309094",
        "shared": true
      },
      {
        "name": "TN TNSUTL 05/01/2053",
        "value": "104973623.56",
        "weight": "0.00309070",
        "shared": true
      },
      {
        "name": "California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 D, RB",
        "value": "104367364.02",
        "weight": "0.00307285",
        "shared": false
      },
      {
        "name": "MAIN STR NAT GA 4% 3/1/2050",
        "value": "102384199.66",
        "weight": "0.00301446",
        "shared": false
      },
      {
        "name": "ALLGNY CNTY HDA 0% 11/15/2047",
        "value": "102211891.18",
        "weight": "0.00300939",
        "shared": false
      },
      {
        "name": "Texas State University System",
        "value": "100900959.64",
        "weight": "0.00297079",
        "shared": false
      },
      {
        "name": "RESTRUCTURED-SER A1",
        "value": "100341341.21",
        "weight": "0.00295432",
        "shared": false
      },
      {
        "name": "BLACK BELT ENERGY GAS VAR",
        "value": "95327309.98",
        "weight": "0.00280669",
        "shared": false
      },
      {
        "name": "Southeast Energy Authority, Alabama, Commodity Supply Revenue Bonds, Project 5, Series 2023A",
        "value": "94371029.43",
        "weight": "0.00277853",
        "shared": false
      },
      {
        "name": "California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB",
        "value": "94330862.41",
        "weight": "0.00277735",
        "shared": false
      },
      {
        "name": "CTR PLN ENG GAS 5% MT",
        "value": "93798365.36",
        "weight": "0.00276167",
        "shared": true
      },
      {
        "name": "TX TMGUTL 01/01/2054",
        "value": "85459828.13",
        "weight": "0.00251616",
        "shared": true
      },
      {
        "name": "RESTRUCTURED-SER A1",
        "value": "84151488.64",
        "weight": "0.00247764",
        "shared": false
      },
      {
        "name": "TENNERGY CORP TN GAS REVENUE TENNERGY CORP/TN",
        "value": "80757929.44",
        "weight": "0.00237773",
        "shared": false
      },
      {
        "name": "MAIN STR NAT GA 4% MT",
        "value": "80141579.50",
        "weight": "0.00235958",
        "shared": false
      },
      {
        "name": "TEXAS TRANSPORTATION VAR",
        "value": "78678095.22",
        "weight": "0.00231649",
        "shared": false
      },
      {
        "name": "CALIFORNIA COMMUNITY VAR",
        "value": "76175449.00",
        "weight": "0.00224281",
        "shared": false
      },
      {
        "name": "California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2022 A-1, RB",
        "value": "74104887.76",
        "weight": "0.00218184",
        "shared": true
      },
      {
        "name": "PATRIOTS EN GRP 5.25% MT",
        "value": "72983372.33",
        "weight": "0.00214882",
        "shared": false
      },
      {
        "name": "NE CENPWR 08/01/2055",
        "value": "70318617.94",
        "weight": "0.00207037",
        "shared": true
      },
      {
        "name": "TARRANT TX EDFC 5% MT",
        "value": "69297121.59",
        "weight": "0.00204029",
        "shared": false
      },
      {
        "name": "HOUSTON UTIL-REF-B4",
        "value": "69120000.00",
        "weight": "0.00203508",
        "shared": false
      },
      {
        "name": "Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2024A-1",
        "value": "67623122.10",
        "weight": "0.00199100",
        "shared": false
      },
      {
        "name": "NY ST URBAN DEV CORP",
        "value": "67237692.00",
        "weight": "0.00197966",
        "shared": false
      },
      {
        "name": "California Community Choice Financing Authority, Series C",
        "value": "67034614.09",
        "weight": "0.00197368",
        "shared": false
      },
      {
        "name": "MAIN STR NAT GA 5% 12/1/2052 MT",
        "value": "65755478.66",
        "weight": "0.00193602",
        "shared": false
      },
      {
        "name": "NY NY CITY HS(NEW YORK MHSG) 3.25% 2/1/30 MT 65",
        "value": "65615953.29",
        "weight": "0.00193191",
        "shared": false
      },
      {
        "name": "MAIN STR NAT GA 5% MT",
        "value": "65323095.22",
        "weight": "0.00192329",
        "shared": true
      },
      {
        "name": "Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Refunding Series 2024B",
        "value": "65256052.56",
        "weight": "0.00192131",
        "shared": false
      },
      {
        "name": "CALIFORNIA COMMUNITY VAR",
        "value": "65047584.58",
        "weight": "0.00191517",
        "shared": false
      },
      {
        "name": "MAIN STR NAT GA 5% MT",
        "value": "64218245.71",
        "weight": "0.00189076",
        "shared": true
      },
      {
        "name": "BLACK BELT-SER-C",
        "value": "62036343.60",
        "weight": "0.00182651",
        "shared": false
      },
      {
        "name": "TN TGYPWR 12/01/2051",
        "value": "60407178.44",
        "weight": "0.00177855",
        "shared": false
      },
      {
        "name": "MAIN STR NAT GA 5% MT",
        "value": "59449853.41",
        "weight": "0.00175036",
        "shared": false
      },
      {
        "name": "TNDR OPT-FLTRS-DB8201",
        "value": "59000000.00",
        "weight": "0.00173712",
        "shared": false
      },
      {
        "name": "CO HEALTH FACS AUTH",
        "value": "58619250.32",
        "weight": "0.00172591",
        "shared": false
      },
      {
        "name": "CALIFORNIA COMMUNITY VAR",
        "value": "58099659.62",
        "weight": "0.00171061",
        "shared": false
      },
      {
        "name": "Southeast Energy Authority, Alabama, Revenue Bonds Cooperative District Energy Supply Series 2024C",
        "value": "57699455.61",
        "weight": "0.00169883",
        "shared": true
      },
      {
        "name": "NTHSIDE TX ISD 3% MT",
        "value": "57613857.31",
        "weight": "0.00169630",
        "shared": false
      }
    ]
  },
  "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": "0000225997-26-000125",
      "as_of": "2026-01-31",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/225997/000022599726000125/0000225997-26-000125-index.htm"
    }
  ]
}