{
  "page": "compare",
  "query": {
    "a": "MSTPX",
    "b": "FSMUX"
  },
  "retrieved_at": "2026-07-07T17:55:42+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": "Morningstar Municipal Bond Fund",
    "ticker": "MSTPX",
    "slug": "MSTPX",
    "series_id": "S000057731",
    "html_url": "https://fundwatcher.app/funds/MSTPX/"
  },
  "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": "0.07019155901182664850623009503",
    "coverage_b_by_a": "0.07019155901182664850623009505",
    "shared_count": 288,
    "as_of": {
      "a": "2026-01-30",
      "b": "2026-02-28"
    },
    "a_top": [
      {
        "name": "NT-INST TRSR-PRM",
        "value": "3719701.87",
        "weight": "0.01082208",
        "shared": false
      },
      {
        "name": "ROCHESTER MN HLTH CARE FACS RE REGD V/R B/E 1.85000000",
        "value": "2000000.00",
        "weight": "0.00581879",
        "shared": false
      },
      {
        "name": "OSF HEALTHCARE SYSTEM OBLIGATED GROUP (MPT) 5.0% 05-15-50",
        "value": "1935641.98",
        "weight": "0.00563154",
        "shared": false
      },
      {
        "name": "Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Refunding Series 2024A-1",
        "value": "1918333.38",
        "weight": "0.00558119",
        "shared": true
      },
      {
        "name": "TRIBOROUGH BRIDGE-B2",
        "value": "1600000.00",
        "weight": "0.00465503",
        "shared": false
      },
      {
        "name": "TX CLIEDU 02/15/2055",
        "value": "1575840.00",
        "weight": "0.00458474",
        "shared": false
      },
      {
        "name": "WA ENEPWR 4 07/01/2042",
        "value": "1532433.11",
        "weight": "0.00445845",
        "shared": true
      },
      {
        "name": "NY TRANS CORP 4% 10/1/2030@",
        "value": "1522475.70",
        "weight": "0.00442948",
        "shared": false
      },
      {
        "name": "State of Illinois, Series 2023D",
        "value": "1515171.45",
        "weight": "0.00440823",
        "shared": false
      },
      {
        "name": "MI MISFIN 04/15/2047",
        "value": "1496344.35",
        "weight": "0.00435345",
        "shared": false
      },
      {
        "name": "Louisville-Jefferson County Metropolitan Government, Kentucky, Pollution Control Revenue Bonds, Louisville Gas and Electric Company Project, Series 20",
        "value": "1449002.25",
        "weight": "0.00421572",
        "shared": false
      },
      {
        "name": "CO THODEV 5 12/01/2029",
        "value": "1425540.86",
        "weight": "0.00414746",
        "shared": false
      },
      {
        "name": "BLACK BELT ENGY GAS-C",
        "value": "1377388.13",
        "weight": "0.00400736",
        "shared": true
      },
      {
        "name": "NE CENPWR 08/01/2055",
        "value": "1342778.38",
        "weight": "0.00390667",
        "shared": true
      },
      {
        "name": "MD MDSDEV 5 11/12/2028",
        "value": "1328460.67",
        "weight": "0.00386501",
        "shared": true
      },
      {
        "name": "TN TNSUTL 5 12/01/2035",
        "value": "1319439.78",
        "weight": "0.00383877",
        "shared": true
      },
      {
        "name": "DEL TRAN 3% 7/1/2043",
        "value": "1298272.20",
        "weight": "0.00377718",
        "shared": true
      },
      {
        "name": "IN INSMED 10/01/2064",
        "value": "1295839.53",
        "weight": "0.00377011",
        "shared": false
      },
      {
        "name": "OK CARGEN 5 09/01/2028",
        "value": "1282408.46",
        "weight": "0.00373103",
        "shared": false
      },
      {
        "name": "State of Colorado, Rural Colorado, Certificates of Participation, Series 2022",
        "value": "1165301.50",
        "weight": "0.00339032",
        "shared": true
      },
      {
        "name": "Chandler Industrial Development Authority, Series 2007",
        "value": "1144063.64",
        "weight": "0.00332853",
        "shared": true
      },
      {
        "name": "NY MTATRN 5 11/15/2031",
        "value": "1137710.10",
        "weight": "0.00331005",
        "shared": false
      },
      {
        "name": "RESTRUCTURED-SER A1",
        "value": "1125005.56",
        "weight": "0.00327308",
        "shared": true
      },
      {
        "name": "PVT CLG UNIV AUTH-A",
        "value": "1111534.00",
        "weight": "0.00323389",
        "shared": false
      },
      {
        "name": "TX ROUSCD 08/01/2044",
        "value": "1109307.10",
        "weight": "0.00322741",
        "shared": false
      },
      {
        "name": "TX PSPSCD 4 02/15/2054",
        "value": "1106563.57",
        "weight": "0.00321943",
        "shared": false
      },
      {
        "name": "BLACK BELT ENERGY GAS VAR",
        "value": "1085890.38",
        "weight": "0.00315928",
        "shared": true
      },
      {
        "name": "NY TRANSITIONAL FIN-D",
        "value": "1080380.90",
        "weight": "0.00314325",
        "shared": false
      },
      {
        "name": "STATE OF MICHIGAN TRUNK LINE REVENUE 5.5% 11-15-49",
        "value": "1078659.70",
        "weight": "0.00313825",
        "shared": true
      },
      {
        "name": "IL CHI 5 01/01/2032",
        "value": "1069501.20",
        "weight": "0.00311160",
        "shared": false
      },
      {
        "name": "TX TMGUTL 01/01/2054",
        "value": "1067647.30",
        "weight": "0.00310621",
        "shared": true
      },
      {
        "name": "STHRN CA PUB PWR-A",
        "value": "1066644.70",
        "weight": "0.00310329",
        "shared": false
      },
      {
        "name": "OK OKSEDU 5 09/01/2031",
        "value": "1066228.20",
        "weight": "0.00310208",
        "shared": false
      },
      {
        "name": "TX DALAPT 11/01/2050",
        "value": "1065640.00",
        "weight": "0.00310037",
        "shared": false
      },
      {
        "name": "IL CHI 5 01/01/2031",
        "value": "1061714.80",
        "weight": "0.00308895",
        "shared": false
      },
      {
        "name": "MAIN STR NAT GA 5% MT",
        "value": "1061626.70",
        "weight": "0.00308869",
        "shared": true
      },
      {
        "name": "California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB",
        "value": "1055273.10",
        "weight": "0.00307020",
        "shared": true
      },
      {
        "name": "TX TXSTRN 5.5 06/30/2042",
        "value": "1054016.70",
        "weight": "0.00306655",
        "shared": true
      },
      {
        "name": "IL COOGEN 5 11/15/2045",
        "value": "1050544.80",
        "weight": "0.00305645",
        "shared": true
      },
      {
        "name": "NC GTRAPT 5.5 07/01/2047",
        "value": "1046203.00",
        "weight": "0.00304382",
        "shared": true
      },
      {
        "name": "Georgia (State of) Ports Authority, Series 2022, RB",
        "value": "1043932.70",
        "weight": "0.00303721",
        "shared": true
      },
      {
        "name": "TN TNSUTL 05/01/2053",
        "value": "1036367.10",
        "weight": "0.00301520",
        "shared": true
      },
      {
        "name": "MTRO WA DC ARPT 5.25% 10/1/48@",
        "value": "1033560.90",
        "weight": "0.00300704",
        "shared": true
      },
      {
        "name": "UNIV OF N TEXAS UNIV REVENUE UNNHGR 04/27 FIXED 5",
        "value": "1032018.30",
        "weight": "0.00300255",
        "shared": false
      },
      {
        "name": "TX HSPMFH 11/01/2045",
        "value": "1019279.40",
        "weight": "0.00296548",
        "shared": false
      },
      {
        "name": "AZ ST INDL DEV AUTH-A",
        "value": "1018750.00",
        "weight": "0.00296394",
        "shared": true
      },
      {
        "name": "NYS ENV SWD 2.75% 9/1/2050 MT",
        "value": "1015498.10",
        "weight": "0.00295448",
        "shared": true
      },
      {
        "name": "STHRN ID REGL SOL WST DIST REV REGD B/E 4.00000000",
        "value": "1014221.20",
        "weight": "0.00295077",
        "shared": false
      },
      {
        "name": "NE LINMFH 01/10/2048",
        "value": "1011578.10",
        "weight": "0.00294308",
        "shared": false
      },
      {
        "name": "TX SANUTL 02/01/2055",
        "value": "1008819.30",
        "weight": "0.00293505",
        "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": true
      },
      {
        "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": 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": 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": true
      },
      {
        "name": "MAIN STR NAT GA(RCC) 5% 9/1/30MT 53",
        "value": "16523209.13",
        "weight": "0.00118420",
        "shared": false
      },
      {
        "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": false
      },
      {
        "name": "NEW YORK ST URBAN DEV CORP SALES TAX REVENUE",
        "value": "15696810.00",
        "weight": "0.00112497",
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      },
      {
        "name": "NY NYEFAC 07/01/2056",
        "value": "15553968.75",
        "weight": "0.00111473",
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      },
      {
        "name": "San Francisco City & County Airport Comm-San Francisco International Airport",
        "value": "15330517.33",
        "weight": "0.00109872",
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      },
      {
        "name": "LOWER AL GAS DT-A-REF",
        "value": "15111818.57",
        "weight": "0.00108304",
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      },
      {
        "name": "State of Illinois, Series D",
        "value": "15006124.16",
        "weight": "0.00107547",
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      },
      {
        "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": true
      },
      {
        "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": true
      },
      {
        "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": false
      },
      {
        "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": false
      },
      {
        "name": "TX TXSUTL 01/01/2055",
        "value": "13568832.68",
        "weight": "0.00097246",
        "shared": true
      },
      {
        "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": true
      }
    ]
  },
  "error": null,
  "sources": [
    {
      "label": "N-PORT (fund A)",
      "accession_no": "0002066578-26-000963",
      "as_of": "2026-01-30",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1699360/000206657826000963/0002066578-26-000963-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"
    }
  ]
}