{
  "page": "compare",
  "query": {
    "a": "SHDLX",
    "b": "FFTFX"
  },
  "retrieved_at": "2026-07-07T18:55:37+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": "Western Asset Short Duration Municipal Income Fund",
    "ticker": "SHDLX",
    "slug": "SHDLX",
    "series_id": "S000016249",
    "html_url": "https://fundwatcher.app/funds/SHDLX/"
  },
  "fund_b": {
    "name": "Franklin Federal Limited-Term Tax-Free Income Fund",
    "ticker": "FFTFX",
    "slug": "FFTFX",
    "series_id": "S000006933",
    "html_url": "https://fundwatcher.app/funds/FFTFX/"
  },
  "overlap": {
    "coverage_a_by_b": "0.03447690450254674109412977155",
    "coverage_b_by_a": "0.03447690450254674109412977155",
    "shared_count": 10,
    "as_of": {
      "a": "2026-02-27",
      "b": "2026-02-28"
    },
    "a_top": [
      {
        "name": "Indianapolis Local Public Improvement Bond Bank, Indiana, Airport Authority Project Revenue Bonds, Refunding Series 2019D",
        "value": "7498406.09",
        "weight": "0.02591497",
        "shared": false
      },
      {
        "name": "State of Connecticut",
        "value": "7305354.48",
        "weight": "0.02524777",
        "shared": false
      },
      {
        "name": "DENVER CO ARPT 5% 12/1/2031 @",
        "value": "6951820.68",
        "weight": "0.02402594",
        "shared": false
      },
      {
        "name": "TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX",
        "value": "6748267.86",
        "weight": "0.02332245",
        "shared": false
      },
      {
        "name": "New Jersey Transportation Trust Fund Authority",
        "value": "5561287.07",
        "weight": "0.01922017",
        "shared": false
      },
      {
        "name": "San Francisco City & County Airport Comm-San Francisco International Airport",
        "value": "5328437.61",
        "weight": "0.01841542",
        "shared": false
      },
      {
        "name": "LONG ISLAND PWR-B",
        "value": "5242145.12",
        "weight": "0.01811719",
        "shared": false
      },
      {
        "name": "NEW JERSEY ST ECON DEV AUTH MTR VEHCL SURCHARGE REVENUE",
        "value": "5163071.91",
        "weight": "0.01784391",
        "shared": false
      },
      {
        "name": "ST JOHN BAPTIST -B2",
        "value": "4950900.73",
        "weight": "0.01711063",
        "shared": false
      },
      {
        "name": "LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE",
        "value": "4926931.88",
        "weight": "0.01702779",
        "shared": false
      },
      {
        "name": "FLORIDA INSURANCE ASSISTANCE INTERLOCAL AGY",
        "value": "4558692.15",
        "weight": "0.01575513",
        "shared": false
      },
      {
        "name": "State of Connecticut, Series A",
        "value": "4437392.31",
        "weight": "0.01533591",
        "shared": false
      },
      {
        "name": "DENTON TX ISD-SER B2",
        "value": "4386393.84",
        "weight": "0.01515966",
        "shared": false
      },
      {
        "name": "Chandler Industrial Development Authority, Series 2019",
        "value": "4069939.02",
        "weight": "0.01406597",
        "shared": false
      },
      {
        "name": "TEXAS ST MUNI GAS ACQUISITION& SPLY CORP III GAS SPLY REVEN",
        "value": "3897386.25",
        "weight": "0.01346962",
        "shared": false
      },
      {
        "name": "DENVER CO ARPT 5% 11/15/2027 @",
        "value": "3830946.05",
        "weight": "0.01324000",
        "shared": false
      },
      {
        "name": "LONG ISLAND PWR AUTH",
        "value": "3720936.95",
        "weight": "0.01285980",
        "shared": false
      },
      {
        "name": "North Carolina Turnpike Authority 5.00% 01/01/2033",
        "value": "3675814.23",
        "weight": "0.01270385",
        "shared": false
      },
      {
        "name": "NY LSLPWR 09/01/2051",
        "value": "3656478.54",
        "weight": "0.01263702",
        "shared": false
      },
      {
        "name": "State of Ohio",
        "value": "3644442.45",
        "weight": "0.01259543",
        "shared": false
      },
      {
        "name": "State of Texas",
        "value": "3579867.28",
        "weight": "0.01237225",
        "shared": false
      },
      {
        "name": "MTRO WA DC ARPT 5% 10/1/2030 @",
        "value": "3326213.10",
        "weight": "0.01149561",
        "shared": false
      },
      {
        "name": "PORT NY NJ 5% 10/15/2030 @",
        "value": "3324389.40",
        "weight": "0.01148930",
        "shared": false
      },
      {
        "name": "MTRO WA DC ARPT 5% 10/1/2029 @",
        "value": "3310618.06",
        "weight": "0.01144171",
        "shared": false
      },
      {
        "name": "DENVER CITY & CNTY CO ARPT REV REGD N/C B/E AMT 5.00000000",
        "value": "3302865.01",
        "weight": "0.01141491",
        "shared": false
      },
      {
        "name": "Connecticut (State of) Health & Educational Facilities Authority, Series 1997, RB",
        "value": "3278610.30",
        "weight": "0.01133109",
        "shared": false
      },
      {
        "name": "Trimble (County of), KY (Louisville Gas & Electric), Series 2002 A, Ref. RB",
        "value": "3212928.23",
        "weight": "0.01110409",
        "shared": true
      },
      {
        "name": "TX DALAPT 11/01/2050",
        "value": "3187415.58",
        "weight": "0.01101591",
        "shared": false
      },
      {
        "name": "St. John the Baptist (Parish of), LA (Marathon Oil Corp.), Series 2017, Ref. RB",
        "value": "3078348.90",
        "weight": "0.01063897",
        "shared": true
      },
      {
        "name": "LOUISIANA ST OFFSHORE TERMINAL LOUISIANA OFFSHORE TERMINAL AUTHORITY",
        "value": "3056791.80",
        "weight": "0.01056447",
        "shared": true
      },
      {
        "name": "SAN ANTONIO TX ELEC & GAS REVENUE",
        "value": "3054888.90",
        "weight": "0.01055789",
        "shared": false
      },
      {
        "name": "State of Illinois, Series 2016",
        "value": "2712697.68",
        "weight": "0.00937526",
        "shared": false
      },
      {
        "name": "TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX",
        "value": "2699145.25",
        "weight": "0.00932842",
        "shared": false
      },
      {
        "name": "SALT LAKE CITY UT ARPT REVENUE",
        "value": "2694505.00",
        "weight": "0.00931238",
        "shared": false
      },
      {
        "name": "N TX TOLLWAY AUTH REVENUE REGD N/C ZCP OID B/E AG 0.00000000",
        "value": "2680829.02",
        "weight": "0.00926512",
        "shared": false
      },
      {
        "name": "MISSOURI ST ENVRNMNTL IMPT & E REGD V/R B/E AMT 4.05000000",
        "value": "2609596.84",
        "weight": "0.00901893",
        "shared": false
      },
      {
        "name": "NJ TRN FD CAB-SER C",
        "value": "2585298.39",
        "weight": "0.00893496",
        "shared": false
      },
      {
        "name": "N TX HWY CABS-REF-1ST",
        "value": "2570334.91",
        "weight": "0.00888324",
        "shared": false
      },
      {
        "name": "TEXAS TRANSPORTATION VAR",
        "value": "2494767.75",
        "weight": "0.00862208",
        "shared": false
      },
      {
        "name": "CALIFORNIA COMMUNITY VAR",
        "value": "2482339.08",
        "weight": "0.00857912",
        "shared": false
      },
      {
        "name": "NJ TRN FD CAB-SER C",
        "value": "2428611.08",
        "weight": "0.00839344",
        "shared": false
      },
      {
        "name": "MARICOPA IDA AZ 5% 1/1/31",
        "value": "2342845.41",
        "weight": "0.00809702",
        "shared": false
      },
      {
        "name": "Southeast Alabama Gas Supply District/The",
        "value": "2341254.64",
        "weight": "0.00809153",
        "shared": false
      },
      {
        "name": "HUDSON YDS INFR 5% 2/15/35",
        "value": "2340569.14",
        "weight": "0.00808916",
        "shared": false
      },
      {
        "name": "State of Illinois, Series 2022A",
        "value": "2313294.94",
        "weight": "0.00799490",
        "shared": false
      },
      {
        "name": "MUSEUM ASSOCIATES (MPT) FRN 12-01-50",
        "value": "2282169.57",
        "weight": "0.00788732",
        "shared": true
      },
      {
        "name": "LOWER CO RIVER AUTH-B",
        "value": "2251439.00",
        "weight": "0.00778112",
        "shared": false
      },
      {
        "name": "NEW JERSEY ST ECON DEV AUTH NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY",
        "value": "2248957.13",
        "weight": "0.00777254",
        "shared": false
      },
      {
        "name": "PORT SEATTLE 5% 7/1/2029 @",
        "value": "2187924.22",
        "weight": "0.00756161",
        "shared": false
      },
      {
        "name": "Salem-Keizer School District No 24J",
        "value": "2181725.21",
        "weight": "0.00754018",
        "shared": false
      }
    ],
    "b_top": [
      {
        "name": "GARDEN ST PRESERVATION TRUST N REGD N/C B/E AG 5.75000000",
        "value": "16794240.69",
        "weight": "0.01897428",
        "shared": false
      },
      {
        "name": "Franklin Municipal Green Bond ETF",
        "value": "16031400.00",
        "weight": "0.01811242",
        "shared": false
      },
      {
        "name": "ROCHESTER MN HLTH CARE FACS REVENUE",
        "value": "16000000.00",
        "weight": "0.01807694",
        "shared": false
      },
      {
        "name": "TN TNSUTL 05/01/2053",
        "value": "15210482.56",
        "weight": "0.01718494",
        "shared": false
      },
      {
        "name": "MAIN STR NAT GA 0% 8/1/2052",
        "value": "15129460.50",
        "weight": "0.01709340",
        "shared": false
      },
      {
        "name": "KENTUCKY ST PUBLIC ENERGY AUTH REGD V/R B/E 3.72590000",
        "value": "14206242.76",
        "weight": "0.01605034",
        "shared": false
      },
      {
        "name": "Maricopa County Industrial Development Authority, Series 2024",
        "value": "12556807.49",
        "weight": "0.01418679",
        "shared": false
      },
      {
        "name": "New York City Water and Sewer System, Second General Resolution, Series BB 1B",
        "value": "12000000.00",
        "weight": "0.01355771",
        "shared": false
      },
      {
        "name": "NEW YORK-I-3",
        "value": "12000000.00",
        "weight": "0.01355771",
        "shared": false
      },
      {
        "name": "Hillsborough County Aviation Authority, Series 2024 B",
        "value": "11448702.78",
        "weight": "0.01293485",
        "shared": false
      },
      {
        "name": "FARMINGTON NM POLL CONTROL REV REGD V/R B/E 3.87500000",
        "value": "11317117.90",
        "weight": "0.01278618",
        "shared": false
      },
      {
        "name": "Black Belt Energy Gas District (The), Series 2023 B, RB",
        "value": "10954391.00",
        "weight": "0.01237637",
        "shared": false
      },
      {
        "name": "BLACK BELT-SER-C",
        "value": "10846370.00",
        "weight": "0.01225432",
        "shared": false
      },
      {
        "name": "NJ TRN CAB-C-BHAC",
        "value": "10678893.12",
        "weight": "0.01206511",
        "shared": false
      },
      {
        "name": "AUSTIN TX HSG FIN CORP AUSMFH 11/42 ADJUSTABLE VAR",
        "value": "10144137.00",
        "weight": "0.01146094",
        "shared": false
      },
      {
        "name": "MD MDSDEV 5 11/12/2028",
        "value": "10056432.00",
        "weight": "0.01136185",
        "shared": false
      },
      {
        "name": "STATE OF NEW JERSEY AMBAC 0.0% 12-15-26",
        "value": "9818744.00",
        "weight": "0.01109330",
        "shared": false
      },
      {
        "name": "Des Moines Independent Community School District, Series 2018",
        "value": "9308345.82",
        "weight": "0.01051665",
        "shared": false
      },
      {
        "name": "PENNSYLVANIA ST ECON DEV FING AUTH UPMC REVENUE",
        "value": "9026100.80",
        "weight": "0.01019777",
        "shared": false
      },
      {
        "name": "TENNERGY CORP TN GAS REVENUE TGYPWR 10/53 ADJUSTABLE VAR",
        "value": "8730684.53",
        "weight": "0.00986400",
        "shared": false
      },
      {
        "name": "MAIN STR NAT GA 4% 07/01/2052 MT",
        "value": "8211833.18",
        "weight": "0.00927780",
        "shared": false
      },
      {
        "name": "State of Illinois, Series 2025 A",
        "value": "8209850.66",
        "weight": "0.00927556",
        "shared": false
      },
      {
        "name": "MN MUNI GAS AUTH-B",
        "value": "7997203.20",
        "weight": "0.00903531",
        "shared": false
      },
      {
        "name": "TARRANT TX EDFC 5% MT",
        "value": "7846860.60",
        "weight": "0.00886545",
        "shared": false
      },
      {
        "name": "OH OHSDEV 11/01/2039",
        "value": "7623737.25",
        "weight": "0.00861337",
        "shared": false
      },
      {
        "name": "Tennessee (State of), Series 2023 A, GO Bonds",
        "value": "7611041.62",
        "weight": "0.00859902",
        "shared": false
      },
      {
        "name": "Los Angeles (City of), CA, Series 2025, RN",
        "value": "7565409.00",
        "weight": "0.00854747",
        "shared": false
      },
      {
        "name": "NY TRANS CORP 5% 01/01/36@",
        "value": "7401728.90",
        "weight": "0.00836254",
        "shared": false
      },
      {
        "name": "New Jersey Economic Development Authority, Series 2019 B",
        "value": "7193703.75",
        "weight": "0.00812751",
        "shared": false
      },
      {
        "name": "District of Columbia Housing Finance Agency, Series 2024 A2",
        "value": "6688984.60",
        "weight": "0.00755727",
        "shared": false
      },
      {
        "name": "KY COMMONWEALTH-A",
        "value": "6673176.90",
        "weight": "0.00753941",
        "shared": false
      },
      {
        "name": "South Dakota Health & Educational Facilities Authority, Series 2025 B-2",
        "value": "6508734.70",
        "weight": "0.00735363",
        "shared": false
      },
      {
        "name": "New Jersey Economic Development Authority, Series 2019",
        "value": "6271752.00",
        "weight": "0.00708588",
        "shared": false
      },
      {
        "name": "LONG BEACH CA BOND FIN AUTH NATURAL GAS PURCHASE REVENUE",
        "value": "6204019.24",
        "weight": "0.00700936",
        "shared": true
      },
      {
        "name": "DENVER CO SD#1-A",
        "value": "6036539.50",
        "weight": "0.00682014",
        "shared": false
      },
      {
        "name": "WHITING IN ENVRNMNTL FACS REVE REGD V/R B/E AMT 5.00000000",
        "value": "5937565.89",
        "weight": "0.00670831",
        "shared": false
      },
      {
        "name": "MICHIGAN ST STRATEGIC FUND LTD REGD V/R B/E AMT 0.87500000",
        "value": "5815046.56",
        "weight": "0.00656989",
        "shared": true
      },
      {
        "name": "MOUNDS VIEW MN MF HSG",
        "value": "5542870.85",
        "weight": "0.00626238",
        "shared": false
      },
      {
        "name": "TX TMGUTL 01/01/2054",
        "value": "5380854.50",
        "weight": "0.00607934",
        "shared": false
      },
      {
        "name": "WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE",
        "value": "5332476.50",
        "weight": "0.00602468",
        "shared": false
      },
      {
        "name": "Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2025B",
        "value": "5331569.50",
        "weight": "0.00602365",
        "shared": false
      },
      {
        "name": "State of Illinois, Series D",
        "value": "5242895.56",
        "weight": "0.00592347",
        "shared": false
      },
      {
        "name": "MARYLAND ST HLTH & HGR EDUCTNL REGD V/R B/E 5.00000000",
        "value": "5202374.49",
        "weight": "0.00587769",
        "shared": false
      },
      {
        "name": "NRG ENERGY INC (MPT) 4.0% 10-01-45",
        "value": "5163507.00",
        "weight": "0.00583378",
        "shared": false
      },
      {
        "name": "MONTGOMERY INDL 0% 10/1/2053 MT",
        "value": "5129408.00",
        "weight": "0.00579525",
        "shared": false
      },
      {
        "name": "State of Oregon Housing & Community Services Department, Series 2024R",
        "value": "5120577.00",
        "weight": "0.00578527",
        "shared": false
      },
      {
        "name": "Black Belt Energy Gas District, Series D-3",
        "value": "5097866.00",
        "weight": "0.00575961",
        "shared": false
      },
      {
        "name": "St. John the Baptist (Parish of), LA (Marathon Oil Corp.), Series 2017, Ref. RB",
        "value": "5088180.00",
        "weight": "0.00574867",
        "shared": true
      },
      {
        "name": "INDIANA ST FIN AUTH ENVRNMNTL INDIANA FINANCE AUTHORITY",
        "value": "5066325.50",
        "weight": "0.00572398",
        "shared": false
      },
      {
        "name": "Wayne County Airport Authority, Series 2017 E",
        "value": "5055309.50",
        "weight": "0.00571153",
        "shared": false
      }
    ]
  },
  "error": null,
  "sources": [
    {
      "label": "N-PORT (fund A)",
      "accession_no": "0000940400-26-014617",
      "as_of": "2026-02-27",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/764624/000094040026014617/0000940400-26-014617-index.htm"
    },
    {
      "label": "N-PORT (fund B)",
      "accession_no": "0002071691-26-008652",
      "as_of": "2026-02-28",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/757010/000207169126008652/0002071691-26-008652-index.htm"
    }
  ]
}