{
  "page": "compare",
  "query": {
    "a": "FMNHX",
    "b": "FSMB"
  },
  "retrieved_at": "2026-07-07T17:46:31+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 Conservative Income Municipal Bond Fund",
    "ticker": "FMNHX",
    "slug": "FMNHX",
    "series_id": "S000042537",
    "html_url": "https://fundwatcher.app/funds/FMNHX/"
  },
  "fund_b": {
    "name": "First Trust Short Duration Managed Municipal ETF",
    "ticker": "FSMB",
    "slug": "FSMB",
    "series_id": "S000063445",
    "html_url": "https://fundwatcher.app/funds/FSMB/"
  },
  "overlap": {
    "coverage_a_by_b": "0.04772932509723382504695603175",
    "coverage_b_by_a": "0.04772932509723382504695603175",
    "shared_count": 32,
    "as_of": {
      "a": "2026-03-31",
      "b": "2026-04-30"
    },
    "a_top": [
      {
        "name": "Port of Port Arthur Navigation District",
        "value": "61785000.00",
        "weight": "0.03638010",
        "shared": false
      },
      {
        "name": "Fidelity Municipal Cash Central Fund",
        "value": "50627527.46",
        "weight": "0.02981038",
        "shared": false
      },
      {
        "name": "SAINT JAMES PARISH LA REVENUE PARISH OF ST JAMES LA",
        "value": "40035000.00",
        "weight": "0.02357332",
        "shared": false
      },
      {
        "name": "CT YALE UNIV PUTTER-5106 JP/JP D1 for cash",
        "value": "30700000.00",
        "weight": "0.01807670",
        "shared": false
      },
      {
        "name": "KY STUD LN 23-1A1 L=BA V7@",
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        "weight": "0.01784118",
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      },
      {
        "name": "Rib Floater Trust Various States",
        "value": "27890000.00",
        "weight": "0.01642213",
        "shared": false
      },
      {
        "name": "SAN FRANCISCO CA CITY and CNTY MF HSG 2022-MIZ9115 MZ/MZ D35",
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        "weight": "0.01496480",
        "shared": false
      },
      {
        "name": "BRIGHTLINE FL PASSENGER RAIL 2024-XF1704-NUV E-AGM(RC)/RC D7@",
        "value": "25300000.00",
        "weight": "0.01489709",
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      },
      {
        "name": "Florida Insurance Assistance Interlocal Agency Inc",
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      },
      {
        "name": "PRT ARTHR TX MTVA10E Q=SELF V7",
        "value": "22600000.00",
        "weight": "0.01330728",
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      },
      {
        "name": "MEADE CNTY KY INDL BLDG REVENU REGD V/R B/E AMT 3.10000000",
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        "weight": "0.01306292",
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      },
      {
        "name": "DFW ARPT 5% 11/1/2028 @",
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        "weight": "0.01290470",
        "shared": false
      },
      {
        "name": "TENDER OPTION BOND TRUST RECEI REGD V/R B/E 3.62000000",
        "value": "19700000.00",
        "weight": "0.01159971",
        "shared": false
      },
      {
        "name": "CA MFH TERESINA APTS BAML25-6045 BA/BA D1@",
        "value": "18250000.00",
        "weight": "0.01074592",
        "shared": false
      },
      {
        "name": "DC DIS 06/01/2051",
        "value": "18240000.00",
        "weight": "0.01074003",
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      },
      {
        "name": "MARICOPA AZ PUB SVC 09E V7",
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      {
        "name": "GA OGLETHORPE PWR HATCH 13A V7",
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      },
      {
        "name": "PRT ARTHR TX MTVA10D Q=SELF V7",
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      },
      {
        "name": "BINGHAMTON CITY NY 4/10/26 BAN",
        "value": "16204189.32",
        "weight": "0.00954131",
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      },
      {
        "name": "CA MFH FOUNTAIN PK 2025-MIZ9233 MZ/MZ D35@",
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      },
      {
        "name": "WASTE MANAGEMENT INC (MPT) 4.6% 10-01-46",
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        "weight": "0.00938125",
        "shared": false
      },
      {
        "name": "BELLEVILLE TWP ESSEX CNTY NJ 7/7/26 BAN",
        "value": "15552725.46",
        "weight": "0.00915772",
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      },
      {
        "name": "MUNIBOND",
        "value": "15391705.14",
        "weight": "0.00906291",
        "shared": true
      },
      {
        "name": "PENNSYLVANIA ST ECON DEV FING AUTH SOLID WASTE DISPOSAL REV",
        "value": "14900000.00",
        "weight": "0.00877338",
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      },
      {
        "name": "TX ST MF HSG ROERS BOERNE 2023-MIZ9124 MZ/MZ D35",
        "value": "13246483.00",
        "weight": "0.00779976",
        "shared": false
      },
      {
        "name": "KY NUCOR 20A1 V1@",
        "value": "13115000.00",
        "weight": "0.00772234",
        "shared": false
      },
      {
        "name": "BLACK BELT ENERGY GAS VAR",
        "value": "12761959.66",
        "weight": "0.00751447",
        "shared": true
      },
      {
        "name": "MUNIBOND",
        "value": "12749793.49",
        "weight": "0.00750730",
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      },
      {
        "name": "NATIONAL FN AT 4.25% MT@",
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        "weight": "0.00709543",
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      {
        "name": "CHTNOOGA TN COMNSPIRIT HLTH V7",
        "value": "11985000.00",
        "weight": "0.00705698",
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      {
        "name": "LEE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/FL V7",
        "value": "11500000.00",
        "weight": "0.00677140",
        "shared": false
      },
      {
        "name": "Tender Option Bond Trust Receipts/Certificates",
        "value": "11500000.00",
        "weight": "0.00677140",
        "shared": false
      },
      {
        "name": "PORT SEATTLE 5% 7/1/2029 @",
        "value": "11059290.65",
        "weight": "0.00651191",
        "shared": false
      },
      {
        "name": "MARICOPA AZ PUB SVC 09D V7",
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        "weight": "0.00635923",
        "shared": false
      },
      {
        "name": "Tender Option Bond Trust Receipts/Certificates",
        "value": "10740000.00",
        "weight": "0.00632390",
        "shared": false
      },
      {
        "name": "MIZUHO FLOATER/RESIDUAL TRUST VARIOUS STATES",
        "value": "10550000.00",
        "weight": "0.00621203",
        "shared": false
      },
      {
        "name": "SAN FRAN C and C MFH 1601 MARIPOSA APTS 2022-MIZ9095 MZ/MZ D35",
        "value": "10391875.00",
        "weight": "0.00611892",
        "shared": false
      },
      {
        "name": "REPUBLIC SERVICES INC (MPT) 3.45% 07-01-41",
        "value": "9700000.00",
        "weight": "0.00571153",
        "shared": false
      },
      {
        "name": "Tender Option Bond Trust Receipts/Certificates",
        "value": "9700000.00",
        "weight": "0.00571153",
        "shared": false
      },
      {
        "name": "WASTE MANAGEMENT INC (MPT) 3.45% 12-01-44",
        "value": "9625909.56",
        "weight": "0.00566791",
        "shared": false
      },
      {
        "name": "Omaha Nebraska Airport Authority, Tender Option Bond Trust Receipts/Certificates, Series 2024-XG0593",
        "value": "9430000.00",
        "weight": "0.00555255",
        "shared": false
      },
      {
        "name": "AL NUCOR 03A V7@",
        "value": "9426000.00",
        "weight": "0.00555020",
        "shared": false
      },
      {
        "name": "PORT SEATTLE 5% 8/1/2029 @",
        "value": "9180578.30",
        "weight": "0.00540569",
        "shared": false
      },
      {
        "name": "TX DNNSCD 08/15/2055",
        "value": "8587615.73",
        "weight": "0.00505654",
        "shared": false
      },
      {
        "name": "PA THO JFFRSN U 18D RFLOAT V7",
        "value": "8380000.00",
        "weight": "0.00493429",
        "shared": false
      },
      {
        "name": "NYS_HFA 3.375% MT",
        "value": "8341370.26",
        "weight": "0.00491155",
        "shared": false
      },
      {
        "name": "Trimble County, Kentucky, Environmental Facilities Revenue Bonds, Kentucky Utilities Company Project Series 2023A",
        "value": "8304217.14",
        "weight": "0.00488967",
        "shared": false
      },
      {
        "name": "Tender Option Bond Trust Receipts/Certificates",
        "value": "8285000.00",
        "weight": "0.00487835",
        "shared": false
      },
      {
        "name": "WASTE MANAGEMENT INC (MPT) 3.45% 10-01-41",
        "value": "8146431.93",
        "weight": "0.00479676",
        "shared": true
      },
      {
        "name": "Wayne County Airport Authority",
        "value": "8133335.15",
        "weight": "0.00478905",
        "shared": false
      }
    ],
    "b_top": [
      {
        "name": "Southeast Energy Authority, Alabama, Revenue Bonds Cooperative District Energy Supply Series 2024C",
        "value": "6372370.20",
        "weight": "0.01078087",
        "shared": false
      },
      {
        "name": "County of Utah UT",
        "value": "5000000.00",
        "weight": "0.00845907",
        "shared": false
      },
      {
        "name": "OH OHSDEV 11/01/2039",
        "value": "4805848.92",
        "weight": "0.00813060",
        "shared": false
      },
      {
        "name": "Wisconsin (State of) Public Finance Authority (Duke Energy Progress), Series 2022, Ref. RB",
        "value": "4281206.10",
        "weight": "0.00724301",
        "shared": false
      },
      {
        "name": "St. John the Baptist (Parish of), LA (Marathon Oil Corp.), Series 2017, Ref. RB",
        "value": "4026151.60",
        "weight": "0.00681150",
        "shared": false
      },
      {
        "name": "Main Street Energy, Inc., Series D",
        "value": "3895478.03",
        "weight": "0.00659043",
        "shared": false
      },
      {
        "name": "Palm Beach (County of), FL Health Facilities Authority (ACTS Retirement-Life Communities, Inc.), Series 2016, Ref. RB",
        "value": "3743929.08",
        "weight": "0.00633403",
        "shared": false
      },
      {
        "name": "NYC MUNI WTR FIN-BB",
        "value": "3500000.00",
        "weight": "0.00592135",
        "shared": false
      },
      {
        "name": "Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Refunding Series 2025A",
        "value": "3481712.58",
        "weight": "0.00589041",
        "shared": false
      },
      {
        "name": "Black Belt Energy Gas District",
        "value": "3440432.23",
        "weight": "0.00582057",
        "shared": false
      },
      {
        "name": "BLACK BELT ENERGY GAS VAR",
        "value": "3420591.24",
        "weight": "0.00578701",
        "shared": true
      },
      {
        "name": "NM MUNI ENERGY ACQ AU",
        "value": "3381642.53",
        "weight": "0.00572111",
        "shared": false
      },
      {
        "name": "NEW YORK ST HSG FIN AGY AFFORDABLE HSG REVENUE",
        "value": "3143053.75",
        "weight": "0.00531746",
        "shared": false
      },
      {
        "name": "LOS ANGELES CA DEPT OF ARPTS A REGD B/E AMT 5.00000000",
        "value": "3142415.10",
        "weight": "0.00531638",
        "shared": false
      },
      {
        "name": "ALLEGHENY HOSP DEV-A",
        "value": "3092031.90",
        "weight": "0.00523114",
        "shared": false
      },
      {
        "name": "WHITING IN ENVRNMNTL FACS REVE REGD V/R B/E AMT 5.00000000",
        "value": "3075758.09",
        "weight": "0.00520361",
        "shared": false
      },
      {
        "name": "MD CMNTY DEV-D-2",
        "value": "3035471.70",
        "weight": "0.00513545",
        "shared": false
      },
      {
        "name": "UNITED AIRLINES INC 4.0% 07-15-29",
        "value": "3018532.20",
        "weight": "0.00510680",
        "shared": false
      },
      {
        "name": "WASTE MANAGEMENT INC (MPT) 3.45% 11-01-44",
        "value": "3000298.80",
        "weight": "0.00507595",
        "shared": false
      },
      {
        "name": "NEW YORK NY REGD V/R B/E 2.65000000",
        "value": "3000000.00",
        "weight": "0.00507544",
        "shared": false
      },
      {
        "name": "NORTH CAROLINA ST HSG FIN AGYM REGD V/R B/E 5.00000000",
        "value": "2906436.68",
        "weight": "0.00491715",
        "shared": false
      },
      {
        "name": "TX TMGUTL 01/01/2054",
        "value": "2845828.47",
        "weight": "0.00481461",
        "shared": false
      },
      {
        "name": "FARM N MEX PCR 0% 6/1/2040 MT",
        "value": "2815916.35",
        "weight": "0.00476401",
        "shared": false
      },
      {
        "name": "Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Refunding Series 2024B",
        "value": "2731069.46",
        "weight": "0.00462046",
        "shared": false
      },
      {
        "name": "DFW ARPT 5% 11/1/2031 @",
        "value": "2725976.00",
        "weight": "0.00461185",
        "shared": false
      },
      {
        "name": "FLORIDA DEV FIN CORP HLTHCAREFACS REVENUE",
        "value": "2707992.75",
        "weight": "0.00458142",
        "shared": false
      },
      {
        "name": "City of Atlanta GA Department of Aviation",
        "value": "2697235.25",
        "weight": "0.00456322",
        "shared": false
      },
      {
        "name": "TN TNSUTL 05/01/2053",
        "value": "2573669.50",
        "weight": "0.00435417",
        "shared": false
      },
      {
        "name": "City of Philadelphia PA Airport Revenue",
        "value": "2566634.16",
        "weight": "0.00434227",
        "shared": false
      },
      {
        "name": "FAIRFAX C VA 5% 1/1/2045 MT",
        "value": "2555159.50",
        "weight": "0.00432286",
        "shared": false
      },
      {
        "name": "WASTE MANAGEMENT INC (MPT) 3.45% 10-01-41",
        "value": "2515175.25",
        "weight": "0.00425521",
        "shared": true
      },
      {
        "name": "NORTH BLOCK ASSOCIATES LLC HUD SECT 8 FHA 221(D)(4) (MPT) 3.4% 02-01-29",
        "value": "2511564.25",
        "weight": "0.00424910",
        "shared": true
      },
      {
        "name": "COUNTY OF TRIMBLE KY TRMENV 06/33 FIXED 3.75",
        "value": "2502465.75",
        "weight": "0.00423371",
        "shared": false
      },
      {
        "name": "ARKANSAS DEV FIN AUTH ENVIRONM REGD V/R B/E AMT 4.00000000",
        "value": "2495967.00",
        "weight": "0.00422271",
        "shared": false
      },
      {
        "name": "MOBILE PCR-VAR-AL PWR",
        "value": "2478086.00",
        "weight": "0.00419246",
        "shared": false
      },
      {
        "name": "MTRO WA DC ARPT 5% 10/1/2031 @",
        "value": "2455847.33",
        "weight": "0.00415484",
        "shared": false
      },
      {
        "name": "LEHIGH PA_IDA 3% 9/1/2029",
        "value": "2450784.00",
        "weight": "0.00414627",
        "shared": false
      },
      {
        "name": "INDIANAPOLIS IN LOCAL PUBLIC I REGD N/C B/E AMT 5.00000000",
        "value": "2438325.30",
        "weight": "0.00412519",
        "shared": false
      },
      {
        "name": "State of Illinois, Series C",
        "value": "2437731.08",
        "weight": "0.00412419",
        "shared": false
      },
      {
        "name": "NORTHWESTERN CORP 3.875% 07-01-28",
        "value": "2431955.57",
        "weight": "0.00411442",
        "shared": false
      },
      {
        "name": "HOUSTON-UTL SYS-B-REF",
        "value": "2424190.04",
        "weight": "0.00410128",
        "shared": false
      },
      {
        "name": "DE ST EDA 3.60% 1/1/31",
        "value": "2419505.95",
        "weight": "0.00409335",
        "shared": false
      },
      {
        "name": "PEFA INC VAR",
        "value": "2408907.05",
        "weight": "0.00407542",
        "shared": false
      },
      {
        "name": "TENNERGY CORP TN GAS REVENUE TENNERGY CORP/TN",
        "value": "2384879.46",
        "weight": "0.00403477",
        "shared": false
      },
      {
        "name": "NY TRANS CORP 5% 1/1/2032 @",
        "value": "2370014.59",
        "weight": "0.00400962",
        "shared": false
      },
      {
        "name": "SOUTHEAST ENERGY-F",
        "value": "2355034.34",
        "weight": "0.00398428",
        "shared": false
      },
      {
        "name": "SOUTHEAST ENERGY AUTH VAR",
        "value": "2342301.03",
        "weight": "0.00396274",
        "shared": false
      },
      {
        "name": "South Carolina Jobs-Economic Development Authority, Series 2023A",
        "value": "2313365.26",
        "weight": "0.00391378",
        "shared": false
      },
      {
        "name": "MTRO WA DC ARPT 5% 10/1/2035 @",
        "value": "2304524.08",
        "weight": "0.00389883",
        "shared": false
      },
      {
        "name": "NYC HSG DEV CORP-F-2A",
        "value": "2260772.92",
        "weight": "0.00382481",
        "shared": false
      }
    ]
  },
  "error": null,
  "sources": [
    {
      "label": "N-PORT (fund A)",
      "accession_no": "0000035402-26-003330",
      "as_of": "2026-03-31",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/35373/000003540226003330/0000035402-26-003330-index.htm"
    },
    {
      "label": "N-PORT (fund B)",
      "accession_no": "0000940400-26-025147",
      "as_of": "2026-04-30",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1424212/000094040026025147/0000940400-26-025147-index.htm"
    }
  ]
}