{
  "page": "compare",
  "query": {
    "a": "RMMBX",
    "b": "FSMUX"
  },
  "retrieved_at": "2026-07-07T16:49:43+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": "Aspiriant Risk-Managed Municipal Bond Fund",
    "ticker": "RMMBX",
    "slug": "RMMBX",
    "series_id": "S000049584",
    "html_url": "https://fundwatcher.app/funds/RMMBX/"
  },
  "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": "0.09455765196981858504535226517",
    "coverage_b_by_a": "0.09455765196981858504535226518",
    "shared_count": 313,
    "as_of": {
      "a": "2026-03-31",
      "b": "2026-02-28"
    },
    "a_top": [
      {
        "name": "Mackay Municipal Opportunities Fund LP, Class A",
        "value": "105129412.81",
        "weight": "0.08322624",
        "shared": false
      },
      {
        "name": "ISHARES NATIONAL MUNI BOND ETF ISHARES NATIONAL MUNI BOND E",
        "value": "88849885.30",
        "weight": "0.07033847",
        "shared": true
      },
      {
        "name": "BLKR-LI MUNI-INS",
        "value": "33194927.64",
        "weight": "0.02627894",
        "shared": false
      },
      {
        "name": "Mackay Municipal Credit Opportunities Fund LP, Class A",
        "value": "26434502.22",
        "weight": "0.02092701",
        "shared": false
      },
      {
        "name": "JPMorgan Prime Money Market Fund, Institutional Class",
        "value": "7903571.00",
        "weight": "0.00625690",
        "shared": false
      },
      {
        "name": "NEW YORK NY REGD B/E 5.25000000",
        "value": "4548801.84",
        "weight": "0.00360108",
        "shared": false
      },
      {
        "name": "UNIVERSITY OF CHICAGO 5.25% 05-15-48",
        "value": "4513642.23",
        "weight": "0.00357325",
        "shared": false
      },
      {
        "name": "NJ TRANSP 5% 6/15/2048",
        "value": "4317554.68",
        "weight": "0.00341801",
        "shared": false
      },
      {
        "name": "PUERTO RICO SALES TAX FING COR REGD OID B/E 5.00000000",
        "value": "4094137.50",
        "weight": "0.00324115",
        "shared": true
      },
      {
        "name": "MIAMI-DADE CNTY FL",
        "value": "4035902.32",
        "weight": "0.00319504",
        "shared": false
      },
      {
        "name": "REGL TRANSPRTN DIST CO SALES TAX REVENUE",
        "value": "4033480.00",
        "weight": "0.00319313",
        "shared": false
      },
      {
        "name": "Metropolitan Atlanta Rapid Transit Authority, Series 2017 C",
        "value": "4032395.20",
        "weight": "0.00319227",
        "shared": false
      },
      {
        "name": "State of Mississippi, Series 2017A",
        "value": "4016509.20",
        "weight": "0.00317969",
        "shared": false
      },
      {
        "name": "Texas Public Finance Authority",
        "value": "4014502.00",
        "weight": "0.00317810",
        "shared": false
      },
      {
        "name": "PALOMAR POMERADO",
        "value": "3873339.00",
        "weight": "0.00306635",
        "shared": false
      },
      {
        "name": "MIAMI-DADE CNTY FL AVIATION REVENUE",
        "value": "3278886.00",
        "weight": "0.00259575",
        "shared": false
      },
      {
        "name": "Chicago O'Hare International Airport, Series 2025 E",
        "value": "3207337.90",
        "weight": "0.00253911",
        "shared": false
      },
      {
        "name": "IOWA ST FIN AUTH SF MTGE REVENUE",
        "value": "3200000.00",
        "weight": "0.00253330",
        "shared": false
      },
      {
        "name": "Southeast Alabama Gas Supply District (The), Series A",
        "value": "3180435.90",
        "weight": "0.00251781",
        "shared": true
      },
      {
        "name": "FLORIDA ST DEV FIN CORP REGD B/E AMT AG 5.25000000",
        "value": "3070768.75",
        "weight": "0.00243099",
        "shared": false
      },
      {
        "name": "STATE OF ILLINOIS SPORTS FACILITIES FUND AG 5.25% 06-15-32",
        "value": "3049881.90",
        "weight": "0.00241445",
        "shared": false
      },
      {
        "name": "Village of Mount Pleasant WI",
        "value": "3035816.10",
        "weight": "0.00240332",
        "shared": false
      },
      {
        "name": "UNIV OF SOUTH CAROLINA SC ATHLETIC FACS REVENUE",
        "value": "3024047.40",
        "weight": "0.00239400",
        "shared": false
      },
      {
        "name": "Port Authority of New York & New Jersey, Series 242",
        "value": "3022592.70",
        "weight": "0.00239285",
        "shared": false
      },
      {
        "name": "INDIANA ST FIN AUTH HLTH SYS REVENUE",
        "value": "3021247.80",
        "weight": "0.00239179",
        "shared": false
      },
      {
        "name": "TN ENERGY JR-SER B",
        "value": "3021112.80",
        "weight": "0.00239168",
        "shared": false
      },
      {
        "name": "MICHIGAN ST BLDG AUTH REVENUE REGD B/E 5.00000000",
        "value": "3021105.30",
        "weight": "0.00239167",
        "shared": false
      },
      {
        "name": "CALIFORNIA ST HLTH FACS FING AUTH REVENUE",
        "value": "3015763.80",
        "weight": "0.00238745",
        "shared": false
      },
      {
        "name": "HARRIS TX CED 4% 10/1/2036",
        "value": "3007323.60",
        "weight": "0.00238076",
        "shared": false
      },
      {
        "name": "NY TRANS CORP 5% 7/1/46 @",
        "value": "2999873.10",
        "weight": "0.00237487",
        "shared": true
      },
      {
        "name": "HOUSTON TX HOTEL OCCUPANCY TAX & SPL REVENUE",
        "value": "2987465.73",
        "weight": "0.00236504",
        "shared": false
      },
      {
        "name": "Tender Option Bond Trust Receipts/Certificates",
        "value": "2925708.97",
        "weight": "0.00231615",
        "shared": true
      },
      {
        "name": "TX PABSTC 5% 6/30/2058@",
        "value": "2910411.00",
        "weight": "0.00230404",
        "shared": true
      },
      {
        "name": "PA CMNGEN 4 06/01/2039",
        "value": "2886110.70",
        "weight": "0.00228480",
        "shared": false
      },
      {
        "name": "COLORADO ST HLTH FACS AUTH REV REGD B/E 5.25000000",
        "value": "2876808.21",
        "weight": "0.00227744",
        "shared": false
      },
      {
        "name": "IL TOLL HWY AUTH-B",
        "value": "2774793.26",
        "weight": "0.00219668",
        "shared": false
      },
      {
        "name": "San Francisco City & County Airport Comm-San Francisco International Airport, Series 2025D",
        "value": "2640953.25",
        "weight": "0.00209072",
        "shared": false
      },
      {
        "name": "San Angelo Independent School District, Series 2025",
        "value": "2633112.50",
        "weight": "0.00208452",
        "shared": false
      },
      {
        "name": "CHICAGO IL BRD OF EDU DEDICATE REGD B/E 5.75000000",
        "value": "2617092.00",
        "weight": "0.00207183",
        "shared": true
      },
      {
        "name": "NY TRANSITIONAL FIN-B",
        "value": "2573857.09",
        "weight": "0.00203761",
        "shared": false
      },
      {
        "name": "Sacramento City Financing Authority, Series E",
        "value": "2547660.75",
        "weight": "0.00201687",
        "shared": false
      },
      {
        "name": "WA PTSGEN 5 08/01/2047",
        "value": "2538894.00",
        "weight": "0.00200993",
        "shared": false
      },
      {
        "name": "WI PUBTRN 5.75 12/31/2065",
        "value": "2538127.56",
        "weight": "0.00200932",
        "shared": true
      },
      {
        "name": "PROJECTNEW YORK TRANS",
        "value": "2536541.25",
        "weight": "0.00200807",
        "shared": true
      },
      {
        "name": "TX TRANSPRTN-A-REF",
        "value": "2532799.73",
        "weight": "0.00200510",
        "shared": false
      },
      {
        "name": "Allegheny (County of), PA Airport Authority (Pittsburgh International Airport), Series 2021 A, RB",
        "value": "2529199.50",
        "weight": "0.00200225",
        "shared": false
      },
      {
        "name": "City of Baltimore",
        "value": "2525750.50",
        "weight": "0.00199952",
        "shared": false
      },
      {
        "name": "IOWA ST FIN AUTH MIDWSTRN DISASTER AREA REVENUE",
        "value": "2520191.77",
        "weight": "0.00199512",
        "shared": false
      },
      {
        "name": "CHICAGO TRANSIT AUTHORITY SALES TAX RECEIPTS FUND 5.0% 12-01-46",
        "value": "2507193.50",
        "weight": "0.00198483",
        "shared": false
      },
      {
        "name": "DULUTH MN ECON DEV AUTH HLTH C REGD B/E 5.25000000",
        "value": "2500665.25",
        "weight": "0.00197966",
        "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",
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        "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": false
      },
      {
        "name": "DWS Managed Municipal Bond S",
        "value": "306113111.12",
        "weight": "0.02193872",
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      },
      {
        "name": "FIDELITY SAI ENHANCED MUNICIPAL INCOME FUND",
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        "weight": "0.01858089",
        "shared": false
      },
      {
        "name": "BlackRock National Municipal Inv A",
        "value": "259004967.65",
        "weight": "0.01856254",
        "shared": false
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      {
        "name": "Eaton Vance National Municipal Income I",
        "value": "243829535.70",
        "weight": "0.01747494",
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      },
      {
        "name": "American High-Income Municipal Bond F-2",
        "value": "155640780.16",
        "weight": "0.01115457",
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      },
      {
        "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": true
      },
      {
        "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
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      {
        "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",
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      },
      {
        "name": "Puerto Rico Commonwealth Aqueduct & Sewer Authority, Series A",
        "value": "20125969.14",
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        "shared": false
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      {
        "name": "CHICAGO ILLIN 6% 4/1/2046",
        "value": "18890444.64",
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      },
      {
        "name": "MUNIBOND",
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        "weight": "0.00130941",
        "shared": true
      },
      {
        "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": 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": false
      },
      {
        "name": "NY TRANS CORP(JFK INT NEW ONE)/AGM 5.13% 6/30/60@",
        "value": "15961418.43",
        "weight": "0.00114393",
        "shared": true
      },
      {
        "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",
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      {
        "name": "NY NYEFAC 07/01/2056",
        "value": "15553968.75",
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      {
        "name": "San Francisco City & County Airport Comm-San Francisco International Airport",
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      {
        "name": "LOWER AL GAS DT-A-REF",
        "value": "15111818.57",
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      {
        "name": "State of Illinois, Series D",
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      {
        "name": "TOBACCO SETTLEMENT FING CORP N TOBGEN 06/46 FIXED 5",
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      },
      {
        "name": "WI PUBTRN 5.75 12/31/2065",
        "value": "14578761.47",
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        "shared": true
      },
      {
        "name": "PENNSYLVANIA ST ECON DEV FING REGD OID B/E AMT 5.25000000",
        "value": "14489270.33",
        "weight": "0.00103843",
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      },
      {
        "name": "STATE OF ILLINOIS MCCORMICK PLACE EXPANSION PROJECT FUND 4.0% 06-15-52",
        "value": "14479978.80",
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      },
      {
        "name": "PENNSYLVANIA ST ECON DEV FING REGD B/E AMT 5.75000000",
        "value": "14373169.96",
        "weight": "0.00103011",
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      },
      {
        "name": "Puerto Rico, General Obligation Bonds, Vintage CW NT Claims Taxable Series 2022",
        "value": "14359374.05",
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        "shared": true
      },
      {
        "name": "MAIN STR NAT GA 4% 9/1/2052",
        "value": "14357702.49",
        "weight": "0.00102900",
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      },
      {
        "name": "Southeast Energy Authority, Alabama, Revenue Bonds, Cooperative District Energy Supply Series 2025B",
        "value": "14355131.65",
        "weight": "0.00102881",
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      },
      {
        "name": "MAIN STR NAT GA 5% MT",
        "value": "14222939.55",
        "weight": "0.00101934",
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      },
      {
        "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": false
      },
      {
        "name": "PUERTO RICO SALES TAX FING COR REGD ZCP OID B/E 0.00000000",
        "value": "13388709.79",
        "weight": "0.00095955",
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      },
      {
        "name": "NEW YORK ST DO 5% 3/15/2041",
        "value": "13335564.04",
        "weight": "0.00095574",
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      },
      {
        "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",
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      },
      {
        "name": "NY TRNSPRTN DEV CRP-A",
        "value": "13029440.89",
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    ]
  },
  "error": null,
  "sources": [
    {
      "label": "N-PORT (fund A)",
      "accession_no": "0002071691-26-012310",
      "as_of": "2026-03-31",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1534881/000207169126012310/0002071691-26-012310-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"
    }
  ]
}