{
  "page": "compare",
  "query": {
    "a": "THNIX",
    "b": "FSMB"
  },
  "retrieved_at": "2026-07-07T17:26:41+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": "Thornburg New Mexico Intermediate Municipal Fund",
    "ticker": "THNIX",
    "slug": "THNIX",
    "series_id": "S000011843",
    "html_url": "https://fundwatcher.app/funds/THNIX/"
  },
  "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": "0.01048511852819974218843697194",
    "coverage_b_by_a": "0.01048511852819974218843697194",
    "shared_count": 2,
    "as_of": {
      "a": "2026-03-31",
      "b": "2026-04-30"
    },
    "a_top": [
      {
        "name": "NEW MEXICO ST FIN AUTH REVENUE",
        "value": "3790003.77",
        "weight": "0.04346786",
        "shared": false
      },
      {
        "name": "NM MUNI ENERGY ACQ AU",
        "value": "2916538.59",
        "weight": "0.03345001",
        "shared": true
      },
      {
        "name": "NEW MEXICO ST HOSP EQUIPMENT L REGD B/E 4.00000000",
        "value": "2761323.58",
        "weight": "0.03166984",
        "shared": false
      },
      {
        "name": "VILLAGE OF LOS RANCHOS DE ALBUQUERQUE NM",
        "value": "2596349.70",
        "weight": "0.02977774",
        "shared": false
      },
      {
        "name": "FARM N MEX PCR 0% 6/1/2040 MT",
        "value": "2161862.67",
        "weight": "0.02479458",
        "shared": true
      },
      {
        "name": "TRISTATE INSURED CASH SWEEP",
        "value": "2135195.59",
        "weight": "0.02448873",
        "shared": false
      },
      {
        "name": "FARMINGTON NM POLL CONTROL REV REGD V/R B/E 3.87500000",
        "value": "2035532.00",
        "weight": "0.02334568",
        "shared": false
      },
      {
        "name": "NEW MEXICO ST UNIV",
        "value": "2026383.35",
        "weight": "0.02324075",
        "shared": false
      },
      {
        "name": "GUAM PWR AUTH REVENUE REGD B/E 5.00000000",
        "value": "1796184.25",
        "weight": "0.02060058",
        "shared": false
      },
      {
        "name": "NEW MEXICO ST MTGE FIN AUTH",
        "value": "1519432.70",
        "weight": "0.01742650",
        "shared": false
      },
      {
        "name": "NEW MEXICO ST MTGE FIN AUTH",
        "value": "1485552.49",
        "weight": "0.01703792",
        "shared": false
      },
      {
        "name": "NEW MEXICO ST HOSP EQUIPMENT LOAN COUNCIL HOSP REVENUE",
        "value": "1484140.32",
        "weight": "0.01702172",
        "shared": false
      },
      {
        "name": "NEW MEXICO ST MTGE FIN AUTH",
        "value": "1462364.57",
        "weight": "0.01677198",
        "shared": false
      },
      {
        "name": "NEW MEXICO ST FIN AUTH REVENUE",
        "value": "1462006.04",
        "weight": "0.01676786",
        "shared": false
      },
      {
        "name": "SAN JUAN CNTY NM GROSS RECPTS TAX REVENUE",
        "value": "1367270.00",
        "weight": "0.01568133",
        "shared": false
      },
      {
        "name": "LEA CNTY NM PUBLIC SCH DIST #8 EUNICE",
        "value": "1285610.06",
        "weight": "0.01474476",
        "shared": false
      },
      {
        "name": "SAN JUAN CNTY NM GROSS RECPTS TAX REVENUE",
        "value": "1282310.40",
        "weight": "0.01470692",
        "shared": false
      },
      {
        "name": "NEW MEXICO ST MTGE FIN AUTH",
        "value": "1267016.14",
        "weight": "0.01453151",
        "shared": false
      },
      {
        "name": "NEW MEXICO ST FIN AUTH REVENUE",
        "value": "1241070.12",
        "weight": "0.01423393",
        "shared": false
      },
      {
        "name": "ALBUQUERQUE NM GROSS RECPTS TAX REVENUE",
        "value": "1217528.42",
        "weight": "0.01396393",
        "shared": false
      },
      {
        "name": "ALBUQUERQUE NM GROSS RECPTS TAX REVENUE",
        "value": "1201645.20",
        "weight": "0.01378177",
        "shared": false
      },
      {
        "name": "ALBUQUERQUE NM MUNI SCH DIST #12",
        "value": "1193100.70",
        "weight": "0.01368377",
        "shared": false
      },
      {
        "name": "NEW MEXICO ST FIN AUTH REVENUE",
        "value": "1186215.81",
        "weight": "0.01360480",
        "shared": false
      },
      {
        "name": "RIO RANCHO NM GROSS RECPTS TAX REVENUE",
        "value": "1146190.10",
        "weight": "0.01314575",
        "shared": false
      },
      {
        "name": "LOVING NM MUNI SCH DIST #10",
        "value": "1120510.97",
        "weight": "0.01285123",
        "shared": false
      },
      {
        "name": "NEW MEXICO ST HOSP EQUIPMENT L REGD B/E 4.00000000",
        "value": "1113525.45",
        "weight": "0.01277111",
        "shared": false
      },
      {
        "name": "BERNALILLO CNTY NM GROSS RECPTS TAX REVENUE",
        "value": "1103932.91",
        "weight": "0.01266109",
        "shared": false
      },
      {
        "name": "ALBUQUERQUE NM GROSS RECPTS TAX REVENUE",
        "value": "1101607.10",
        "weight": "0.01263442",
        "shared": false
      },
      {
        "name": "ALBUQUERQUE NM",
        "value": "1098064.00",
        "weight": "0.01259378",
        "shared": false
      },
      {
        "name": "SANTA FE CNTY NM",
        "value": "1085856.96",
        "weight": "0.01245378",
        "shared": false
      },
      {
        "name": "LEA CNTY NM PUBLIC SCH DIST #8 EUNICE",
        "value": "1084903.00",
        "weight": "0.01244284",
        "shared": false
      },
      {
        "name": "State of New Mexico Severance Tax Permanent Fund, Series 2025, RB",
        "value": "1075159.00",
        "weight": "0.01233108",
        "shared": false
      },
      {
        "name": "NEW MEXICO FIN AUTH REVENUE",
        "value": "1069510.00",
        "weight": "0.01226630",
        "shared": false
      },
      {
        "name": "New Mexico State, General Obligation Bonds, Capital Projects Series 2025",
        "value": "1067203.00",
        "weight": "0.01223984",
        "shared": false
      },
      {
        "name": "RIO RANCHO NM GROSS RECPTS TAX REVENUE",
        "value": "1042370.81",
        "weight": "0.01195503",
        "shared": false
      },
      {
        "name": "NEW MEXICO ST MTGE FIN AUTH",
        "value": "1026539.00",
        "weight": "0.01177346",
        "shared": false
      },
      {
        "name": "UNIV OF NEW MEXICO NM",
        "value": "1012381.73",
        "weight": "0.01161109",
        "shared": false
      },
      {
        "name": "ALBUQUERQUE NM MUNI SCH DIST #12",
        "value": "1006985.00",
        "weight": "0.01154919",
        "shared": false
      },
      {
        "name": "GUAM GVT WTSW 5% 1/1/2046",
        "value": "1004820.72",
        "weight": "0.01152437",
        "shared": false
      },
      {
        "name": "NEW MEXICO ST FIN AUTH ST TRANSPRTN REVENUE",
        "value": "1004789.00",
        "weight": "0.01152401",
        "shared": false
      },
      {
        "name": "SANTA FE NM",
        "value": "988459.12",
        "weight": "0.01133672",
        "shared": false
      },
      {
        "name": "NEW MEXICO ST MTGE FIN AUTH",
        "value": "957002.94",
        "weight": "0.01097594",
        "shared": false
      },
      {
        "name": "Volterra Public Improvement District, Albuquerque, New Mexico, Special Levy Revenue Bonds, Refunding Series 2024",
        "value": "945758.00",
        "weight": "0.01084697",
        "shared": false
      },
      {
        "name": "NEW MEXICO FIN AUTH REVENUE",
        "value": "887062.41",
        "weight": "0.01017379",
        "shared": false
      },
      {
        "name": "NM MFA 4.60% 9/1/2046",
        "value": "877006.80",
        "weight": "0.01005846",
        "shared": false
      },
      {
        "name": "New Mexico Mortgage Finance Authority, Multifamily Housing Revenue Bonds, Mountain View II & III Apartments Project, Series 2023",
        "value": "849408.40",
        "weight": "0.00974193",
        "shared": false
      },
      {
        "name": "ALBUQUERQUE NM TRANSPRTN INFRASTRUCTURE GROSS RECEIPTS TAX",
        "value": "818500.00",
        "weight": "0.00938744",
        "shared": false
      },
      {
        "name": "GUAM PWR AUTH REVENUE",
        "value": "736661.98",
        "weight": "0.00844884",
        "shared": false
      },
      {
        "name": "MCKINLEY CNTY NM GROSS RECPTS TAX REVENUE",
        "value": "721104.75",
        "weight": "0.00827041",
        "shared": false
      },
      {
        "name": "NEW MEXICO ST INSTITUTE OF MINING & TECHNOLOGY",
        "value": "678161.40",
        "weight": "0.00777789",
        "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": false
      },
      {
        "name": "NM MUNI ENERGY ACQ AU",
        "value": "3381642.53",
        "weight": "0.00572111",
        "shared": true
      },
      {
        "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": true
      },
      {
        "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": false
      },
      {
        "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": false
      },
      {
        "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": "0001410368-26-051177",
      "as_of": "2026-03-31",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/816153/000141036826051177/0001410368-26-051177-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"
    }
  ]
}