# Portfolio overlap — AFTEX vs FSMUX Comparing **Tax Exempt Bond Fund of America** (2026-01-31) and **Strategic Advisers Municipal Bond Fund** (2026-02-28). - Shared positions: 804 - Tax Exempt Bond Fund of America covered by Strategic Advisers Municipal Bond Fund: 0.08863237995683596048518615498 - Strategic Advisers Municipal Bond Fund covered by Tax Exempt Bond Fund of America: 0.08863237995683596048518615500 ## Tax Exempt Bond Fund of America — top positions | Security | Weight | Shared | |----------|--------|--------| | WI TREASURY SEC. 0.000000% 02/19/2026 | 0.011122 | | | Puerto Rico, General Obligation Bonds, Vintage CW NT Claims Taxable Series 2022 | 0.004226 | ✓ | | Tender Option Bond Trust Receipts/Certificates | 0.003855 | ✓ | | BLACK BELT ENERGY GAS VAR | 0.003723 | | | GREAT LAKES WATER AUTHORITY SEWAGE DISPOSAL SYSTEM REVENUE AG FRN 07-01-32 | 0.003345 | | | California Community Choice Financing Authority, Series F | 0.003106 | ✓ | | Puerto Rico, General Obligation Bonds, Clawback Highway Transportation Authority Claims Taxable Series 2022 | 0.002953 | ✓ | | TX MUNI GAS ACQ VI | 0.002911 | ✓ | | BLACK BELT ENERGY GAS VAR | 0.002888 | ✓ | | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Refunding Series 2024B | 0.002706 | ✓ | | S E ENERGY-B-REV | 0.002667 | ✓ | | NH NFADEV 4.12 01/20/2034 | 0.002603 | ✓ | | Black Belt Energy Gas District, Series 2025 G | 0.002599 | ✓ | | Southeast Energy Authority, Alabama, Commodity Supply Revenue Bonds, Project 2, Series 2021B-1 | 0.002535 | ✓ | | TN TNSUTL 5 12/01/2035 | 0.002493 | ✓ | | FREDDIE MAC MULTIFAMILY ML CERTIFICATES SER 2024-ML26 CL A V/R 3.26001000 | 0.002468 | | | BROOKLYN EVENTS CENTER LLC 5.0% 07-15-42 | 0.002425 | | | Black Belt Energy Gas District, Series F | 0.002421 | ✓ | | NEW HOPE CULTURAL EDU FACS FIN REGD B/E 5.50000000 | 0.002360 | ✓ | | NFA 2022-1 A 4.375% 09-20-36 | 0.002269 | ✓ | | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE | 0.002234 | | | TEXAS ST MUNI GAS ACQUISITION& TEXAS MUNICIPAL GAS ACQUISITION & SUPPLY CORP IV | 0.002154 | ✓ | | NATIONWIDE CHILDREN'S HOSPITAL INC 5.25% 11-01-55 | 0.002151 | | | AZ ST-A | 0.002121 | | | S E ENERGY COOP DT | 0.002118 | ✓ | | NEW JERSEY ST HSG & MTGE FIN AGY REVENUE | 0.002113 | | | BANNER HEALTH OBLIGATED GROUP (MPT) FRN 01-01-37 | 0.002103 | ✓ | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB | 0.002101 | ✓ | | New Hampshire (State of) Business Finance Authority (Social Bonds), Series 2022-2A, RB | 0.002008 | ✓ | | WA ST HSG FIN -A-1 | 0.001982 | ✓ | | NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE FRN 11-01-54 | 0.001966 | | | CA STWD CMNTYS DEV-B | 0.001957 | | | LOUISIANA ST LOCAL GOVT ENVRNM REGD B/E 2.50000000 | 0.001956 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB | 0.001943 | ✓ | | WA ST HSG FIN COMMN-1 | 0.001909 | ✓ | | NH NFADEV 11/20/2039 | 0.001893 | ✓ | | CALIFORNIA COMMUNITY VAR | 0.001884 | | | MUNIBOND | 0.001873 | ✓ | | Public Energy Auth. of Kentucky Gas Supply Rev. Refg. C | 0.001844 | ✓ | | NYC TRANS FIN AUTH-B4 | 0.001839 | | | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HOSP REVENUE | 0.001831 | | | Black Belt Energy Gas District, Series D | 0.001817 | ✓ | | FHLMC MULTIFAMILY VRD CTFS 21M67-A 2.25% 12-15-37 | 0.001797 | | | BLACK BELT ENERGY GAS DISTRICT (MPT) 5.0% 03-01-55 | 0.001793 | ✓ | | FRETE 2023-ML16 ACA | 0.001756 | | | NEW YORK NY | 0.001727 | | | NH NFADEV 02/20/2041 | 0.001718 | ✓ | | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2022A-1 | 0.001713 | | | Jefferson (County of), AL, Series 2024, Ref. Revenue Wts. | 0.001704 | ✓ | | NYC TRANSTNL FIN-A4 | 0.001697 | | ## Strategic Advisers Municipal Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Allspring Municipal Bond Admin | 0.062004 | | | Vanguard Long-Term Tax-Exempt Adm | 0.049776 | | | Franklin Federal Tax Free Income R6 | 0.047046 | | | MONEY MARKET FUND | 0.034566 | | | ISHARES NATIONAL MUNI BOND ETF ISHARES NATIONAL MUNI BOND E | 0.023140 | | | VANGUARD TAX-EXM | 0.022249 | | | DWS Managed Municipal Bond S | 0.021939 | | | FIDELITY SAI ENHANCED MUNICIPAL INCOME FUND | 0.018581 | | | BlackRock National Municipal Inv A | 0.018563 | | | Eaton Vance National Municipal Income I | 0.017475 | | | American High-Income Municipal Bond F-2 | 0.011155 | | | Fidelity Municipal Cash Central Fund | 0.005735 | | | Invesco Government & Agency Portfolio, Institutional Class | 0.002884 | | | MAIN STR NAT GA 4% 07/01/2052 MT | 0.002683 | | | PUERTO RICO SALES TAX FING COR REGD OID B/E 4.75000000 | 0.002428 | ✓ | | OH BUCGEN 5 06/01/2055 | 0.002360 | | | SOUTHEAST ENERGY-E | 0.002257 | | | TN TNSUTL 5 12/01/2035 | 0.002043 | ✓ | | Public Energy Auth. of Kentucky Gas Supply Rev. Refg. C | 0.001505 | ✓ | | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 C, RB | 0.001454 | | | Puerto Rico Commonwealth Aqueduct & Sewer Authority, Series A | 0.001442 | | | CHICAGO ILLIN 6% 4/1/2046 | 0.001354 | ✓ | | MUNIBOND | 0.001309 | ✓ | | PUERTO RICO SALES TAX FING COR REGD OID B/E 5.00000000 | 0.001305 | ✓ | | MAIN STR NAT GA(RCC) 5% 9/1/30MT 53 | 0.001184 | ✓ | | TX TTFTRN 5.5 10/01/2055 | 0.001173 | ✓ | | TN TNSUTL 5 11/01/2034 | 0.001152 | ✓ | | NY TRANS CORP(JFK INT NEW ONE)/AGM 5.13% 6/30/60@ | 0.001144 | | | Southeast Energy Authority, Alabama, Revenue Bonds Cooperative District Energy Supply Series 2024C | 0.001139 | ✓ | | NEW YORK ST URBAN DEV CORP SALES TAX REVENUE | 0.001125 | | | NY NYEFAC 07/01/2056 | 0.001115 | | | San Francisco City & County Airport Comm-San Francisco International Airport | 0.001099 | | | LOWER AL GAS DT-A-REF | 0.001083 | ✓ | | State of Illinois, Series D | 0.001075 | | | TOBACCO SETTLEMENT FING CORP N TOBGEN 06/46 FIXED 5 | 0.001074 | | | WI PUBTRN 5.75 12/31/2065 | 0.001045 | | | PENNSYLVANIA ST ECON DEV FING REGD OID B/E AMT 5.25000000 | 0.001038 | | | STATE OF ILLINOIS MCCORMICK PLACE EXPANSION PROJECT FUND 4.0% 06-15-52 | 0.001038 | ✓ | | PENNSYLVANIA ST ECON DEV FING REGD B/E AMT 5.75000000 | 0.001030 | | | Puerto Rico, General Obligation Bonds, Vintage CW NT Claims Taxable Series 2022 | 0.001029 | ✓ | | MAIN STR NAT GA 4% 9/1/2052 | 0.001029 | | | Southeast Energy Authority, Alabama, Revenue Bonds, Cooperative District Energy Supply Series 2025B | 0.001029 | ✓ | | MAIN STR NAT GA 5% MT | 0.001019 | | | Black Belt Energy Gas District, Series D-1 | 0.001016 | ✓ | | TX TXSUTL 01/01/2055 | 0.000972 | | | PUERTO RICO SALES TAX FING COR REGD ZCP OID B/E 0.00000000 | 0.000960 | ✓ | | NEW YORK ST DO 5% 3/15/2041 | 0.000956 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB | 0.000939 | ✓ | | California Community Choice Financing Authority, Series 2025G | 0.000936 | ✓ | | NY TRNSPRTN DEV CRP-A | 0.000934 | | ## Sources - N-PORT (fund A) — accession `0001193125-26-130884` (as of 2026-01-31) - N-PORT (fund B) — accession `0000035402-26-002694` (as of 2026-02-28) --- _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._ _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._ _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. See _