# Portfolio overlap — APMU vs MFSM

Comparing **ActivePassive Intermediate Municipal Bond ETF** (2026-02-28) and **MFS Active Intermediate Muni Bond ETF** (2026-02-28).

- Shared positions: 11
- ActivePassive Intermediate Municipal Bond ETF covered by MFS Active Intermediate Muni Bond ETF: 0.05112039200240952442434392286
- MFS Active Intermediate Muni Bond ETF covered by ActivePassive Intermediate Municipal Bond ETF: 0.05112039200240952442434392287

## ActivePassive Intermediate Municipal Bond ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| ISHARES NATIONAL MUNI BOND ETF ISHARES NATIONAL MUNI BOND E | 0.038945 | ✓ |
| Mount Vernon Liquid Assets Portfolio, LLC | 0.037784 |  |
| FRST AM-GV OB-X | 0.014284 |  |
| TX TRANSPRTN-C-REF | 0.009673 |  |
| MET TRANSPRTN AUTH NY REVENUE | 0.009492 |  |
| STATE OF NEW YORK PERSONAL INCOME TAX REVENUE 5.0% 03-15-33 | 0.008877 |  |
| NJ TRANSPRTN TRUST-A | 0.008774 |  |
| GREAT LAKES WTR -B | 0.008584 |  |
| Snohomish County Housing Authority | 0.008415 |  |
| STATE OF CALIFORNIA | 0.007335 |  |
| Volusia County Educational Facility Authority, Series 2025, RB | 0.007205 |  |
| PENNSYLVANIA ST COMMONWEALTH OF PENNSYLVANIA | 0.006723 |  |
| SAN ANTONIO TX ELEC & GAS REVENUE | 0.006647 |  |
| Pennsylvania Turnpike Commission | 0.006389 |  |
| KY COMMONWEALTH-B-REF | 0.006375 |  |
| NEW YORK NY | 0.006235 |  |
| Capital Trust Authority | 0.006209 |  |
| State of Illinois Sales Tax Revenue, Series 2025, RB | 0.006134 |  |
| State of Ohio | 0.006124 |  |
| LOS ANGELES DEPT-B | 0.006100 |  |
| State of Connecticut Special Tax Revenue | 0.006095 |  |
| Pennsylvania Turnpike Commission Registration Fee Revenue | 0.006057 |  |
| TEMPLE UNIV-REF-FIRST | 0.005977 |  |
| Maine Municipal Bond Bank, Series 2024A | 0.005909 |  |
| Harris County Cultural Education Facilities Finance Corp | 0.005903 |  |
| Illinois (State of) Finance Authority (The University of Chicago), Series 2024, RB | 0.005885 |  |
| State of Maryland | 0.005721 |  |
| District of Columbia | 0.005168 |  |
| NYC TRANSITIONL-S-1 | 0.005130 |  |
| New York State Thruway Authority | 0.005128 |  |
| State of Louisiana Gasoline & Fuels Tax Revenue | 0.005119 |  |
| Pennsylvania Turnpike Commission | 0.005113 |  |
| CALIFORNIA COMMUNITY VAR | 0.005056 | ✓ |
| PHILADELPHIA-C-REF | 0.005047 |  |
| State of California, Series 2025, GO Bonds | 0.005024 |  |
| Miami Beach Redevelopment Agency | 0.005016 |  |
| DOWNTWN PUB INFRA-A | 0.005010 |  |
| NJ TRANSPRTN TRUST-AA | 0.004978 |  |
| State of Florida | 0.004907 |  |
| Lower Colorado River Authority, Series 2025 | 0.004874 |  |
| Wisconsin (State of) Health & Educational Facilities Authority (Unitypoint Health), Series 2024 B, Ref. RB | 0.004764 |  |
| Oklahoma (State of) Capitol Improvement Authority, Series 2024 A, Ref. RB | 0.004750 |  |
| MO HWYS & TRANSPRN -A | 0.004700 |  |
| State of Florida | 0.004619 |  |
| State of Connecticut | 0.004614 |  |
| UNIV OF TEXAS TX UNIV REVENUES | 0.004610 |  |
| District of Columbia, Series 2024 A, GO Bonds | 0.004558 |  |
| Commonwealth Financing Authority, Series 2018, RB | 0.004537 |  |
| Harris County-Houston Sports Authority, Series 2024A | 0.004504 |  |
| Chicago Transit Authority Sales Tax Receipts Fund, Series 2024A | 0.004443 |  |

## MFS Active Intermediate Muni Bond ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| State Street Navigator Securities Lending Portfolio II | 0.045551 |  |
| ISHARES NATIONAL MUNI BOND ETF ISHARES NATIONAL MUNI BOND E | 0.040076 | ✓ |
| VANGUARD TAX-EXM | 0.040075 |  |
| PASCO CNTY FL SOL WST DISP & RESOURCE RECOVERY SYS | 0.010216 |  |
| Kentucky Bond Development Corp., Series A | 0.007834 | ✓ |
| CHERRY CREEK SD#5 | 0.007831 |  |
| GTR ASHEVILLE REGL ARPT AUTH N REGD B/E AMT AG 5.25000000 | 0.007479 |  |
| California Community Choice Financing Authority, Series F | 0.007466 | ✓ |
| PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE | 0.007465 |  |
| PENNSYLVANIA ST ECON DEV FING REGD B/E AMT AG 5.50000000 | 0.007420 |  |
| State of Minnesota 4.00% 08/01/2041 | 0.007070 |  |
| NORTH ALLEGHENY PA SC | 0.007038 |  |
| NYC HSG DEV CORP-F-2 | 0.006882 |  |
| SANTA NM 3.29% 12/10/2049 MT | 0.006862 |  |
| PENNSYLVANIA ST ECON DEV FING REGD B/E AMT 5.00000000 | 0.006835 |  |
| CALIFORNIA COMMUNITY VAR | 0.006641 |  |
| BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE | 0.006382 |  |
| Fulton (County of), GA Development Authority (Georgia Institute of Technology), Series 2019, RB | 0.006089 |  |
| HOUSTON TX ARPT SYS REVENUE REGD B/E AMT 5.25000000 | 0.006041 |  |
| Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2025B | 0.005363 |  |
| PROVIDENCE RI PUBLIC BLDGS AUTH REVENUE | 0.005240 |  |
| ROCKLAND CNTY NY SOL WST MGMT AUTH | 0.005189 |  |
| MAIN STR NAT GA 5% MT | 0.005152 |  |
| Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2018 A, RB | 0.004970 |  |
| N ORLEANS AVIAT 5% 1/1/2036@ | 0.004899 |  |
| METROHEALTH SYSTEM 5.5% 02-15-52 | 0.004713 |  |
| COOK CNTY IL CMNTY SCH DIST #152 1/2 HAZEL CREST | 0.004684 |  |
| Omaha Airport Authority | 0.004586 |  |
| PUBLIC FIN AUTH WI REVENUE | 0.004585 |  |
| STHRN ILLINOIS ST UNIV | 0.004540 |  |
| CENTRL TX REGL MOBILITY AUTH REVENUE | 0.004534 |  |
| PUERTO RICO ELEC PWR AUTH PWRREVENUE | 0.004519 |  |
| Miami County Unified School District No 367 Osawatomie     5.250%  09/01/2042 | 0.004467 |  |
| CHESAPEAKE VA HOSP AUTH HOSP FAC REVENUE | 0.004423 |  |
| PK CREEK MET DIST-REF | 0.004367 |  |
| LAWTON OK INDL DEV AUTH SALES TAX REVENUE | 0.004364 |  |
| RAMPART RANGE CO MET DIST #1 LIMITED TAX SUPPORTED & SPL REV | 0.004322 |  |
| MASSACHUSETTS ST EDUCTNL FING AUTH | 0.004313 |  |
| PENNSYLVANIA ST ECON DEV FING PASMED 03/60 ADJUSTABLE VAR | 0.004228 | ✓ |
| GRAND PKWY TRANSPRTN | 0.004218 |  |
| RESTRUCTURED-SER A1 | 0.004176 |  |
| MAINE HLTH & HGR EDUCTNL FACS AUTH REVENUE | 0.004113 |  |
| COMMERCE SCHOOL DISTRICT | 0.004082 |  |
| UT SALAPT 5 07/01/2042 | 0.004077 |  |
| METROCARE SERVICES TX REVENUE | 0.004040 |  |
| GRAND RIVER CO HOSP DIST | 0.004012 |  |
| New York Transportation Development Corp., Series 2025 | 0.003942 |  |
| SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE | 0.003893 |  |
| WYOMING MI PUBLIC SCHS | 0.003856 |  |
| MASSACHUSET REV 5% 7/1/2041 | 0.003846 |  |


## Sources

- N-PORT (fund A) — accession `0000894189-26-012794` (as of 2026-02-28)
  <https://www.sec.gov/Archives/edgar/data/1141819/000089418926012794/0000894189-26-012794-index.htm>
- N-PORT (fund B) — accession `0001410368-26-040051` (as of 2026-02-28)
  <https://www.sec.gov/Archives/edgar/data/2018846/000141036826040051/0001410368-26-040051-index.htm>

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