# Portfolio overlap — BSMP vs SWNTX Comparing **Invesco BulletShares 2025 Municipal Bond ETF** (2025-11-30) and **Schwab Tax-Free Bond Fund** (2026-02-28). - Shared positions: 5 - Invesco BulletShares 2025 Municipal Bond ETF covered by Schwab Tax-Free Bond Fund: 0.02158302059382190505361559227 - Schwab Tax-Free Bond Fund covered by Invesco BulletShares 2025 Municipal Bond ETF: 0.02158302059382190505361559227 ## Invesco BulletShares 2025 Municipal Bond ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | NYC TRANS FIN AUTH-B4 | 0.025069 | | | NEW YORK CITY NY HSG DEV CORP MF HSG REVENUE | 0.023565 | | | Bay Area Toll Authority (San Francisco Bay Area) | 0.022061 | | | NEW YORK ST HSG FIN AGY REVENU REGD V/R B/E 2.35000000 | 0.022061 | | | NYC MUNI WTR FIN-CC-2 | 0.020396 | | | New York (City of), NY Municipal Water Finance Authority, Series 2014 AA-6, VRD RB | 0.020055 | | | MET TRANSPRTN AUTH NY DEDICATED TAX FUND | 0.020055 | | | TEXAS ST STATE OF TEXAS | 0.020055 | | | New York (City of), NY Municipal Water Finance Authority | 0.018050 | | | MA ST DEV FIN AGY REV BOSTON UNIV-SER U-6C LOC JPMORGAN | 0.017950 | | | State of Illinois, Series 2017A | 0.016696 | | | Dallas (City of), TX Area Rapid Transit, Series 2016 A, Ref. RB | 0.015042 | | | NEW YORK NY | 0.013337 | ✓ | | TEXAS ST-VAR-VETERANS | 0.012033 | | | Pennsylvania Turnpike Commission, Series 2023B | 0.011532 | | | NYC WTR-VAR-FF2-GEN R | 0.010930 | | | NEW YORK NY | 0.010780 | | | Sarpy County School District 037 Gretna Public Schools, Nebraska, General Obligation Bonds, Series 2022B | 0.010544 | ✓ | | NYC GO 23A-4 Q=TD V1 | 0.010529 | | | NYC TRANSITIONAL-E4 | 0.010379 | ✓ | | City of Atlanta Water & Wastewater, Series 2015 | 0.010291 | | | Indiana (State of) Finance Authority (Parkview Health System), Series 2009, VRD Ref.RB | 0.010278 | | | Metropolitan Water Reclamation District of Greater Chicago, Series A | 0.010228 | | | North Royalton City School District, Series 2017, GO Bonds | 0.010038 | | | Virginia (Commonwealth of) Public Building Authority, Series 2015 A, RB | 0.010034 | | | Alaska Housing Finance Corp. | 0.010028 | | | ILLINOIS ST FIN AUTH REVENUE | 0.010028 | | | COLORADO ST BRD OF GOVERNORS UNIV ENTERPRISE SYS REVENUE | 0.010028 | | | MET TRANSPRTN AUTH NY REVENUE | 0.010028 | | | Harris County Cultural Education Facilities Finance Corp. (Texas Children's Hospital), Series 2015, VRD RB | 0.010028 | | | New York (State of) Energy Research & Development Authority (Consolidated Edison Co. of New York, Inc.), Subseries 2005 A-2, VRD RB | 0.010028 | | | NYC TRANSTNL-C6-VAR | 0.010028 | | | UNIV WI HOSP 18B Q=JP V1 | 0.010028 | | | IOWA ST FIN AUTH SF MTGE REVENUE | 0.010028 | | | New York (City of), NY Municipal Water Finance Authority, Series 2010 DD, VRD RB | 0.010028 | | | PHILIDELPHIA AUTH-B-1 | 0.010028 | | | California (State of) Housing Finance Agency | 0.010028 | | | HOUSTON TX UTILITY SYS REVENUE CITY OF HOUSTON TX COMBINED UTILITY SYSTEM REVENUE | 0.010028 | | | Hillsborough County Industrial Development Authority, Series D | 0.010028 | | | CHARLOTTE MECKLENBURG NC HOSP CHAMED 01/37 ADJUSTABLE VAR | 0.010028 | | | NYC GO 13A-3 UQ=MZ V1+ | 0.010028 | ✓ | | NJ HLTH VAR-B-VIRTUA | 0.010028 | | | DE VALLEY REGL FIN | 0.010028 | | | AZ HLTH FACS AUTH-C | 0.010028 | | | CT HSG FIN AUTH-C-3 | 0.010028 | | | CHARLOTTE-MECKLENBURG NC HOSPAUTH HLTH CARE SYS REVENUE | 0.010028 | | | Wisconsin (State of) Housing & Economic Development Authority | 0.010028 | | | BAY AREA TOLL-H | 0.010028 | | | NYC TRANS FIN AUTH-A4 | 0.010028 | | | Tarrant County Cultural Education Facilities Finance Corp., Series A | 0.010028 | | ## Schwab Tax-Free Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | NYC TRANSITIONAL-E4 | 0.009976 | ✓ | | CHERRY CREEK CO SCH DIST #5 | 0.009828 | | | Black Belt Energy Gas District, Series F | 0.008867 | | | NYC TRANS FIN AUTH | 0.008535 | | | PEFA INC VAR | 0.008152 | | | P3 IRVINE SL HOLDINGS LLC OBLIGATED GROUP 6.375% 06-01-59 | 0.007130 | | | CORPUS CHR UTIL 5% 7/15/2047 | 0.006702 | | | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE | 0.006542 | | | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Refunding Series 2024B | 0.006152 | | | AL BBEUTL 5 07/01/2033 | 0.006120 | | | New Jersey Transportation Trust Fund Authority | 0.006032 | | | MASSACHUSETTS ST DEV FIN AGY R MASDEV 07/45 FIXED 5.5 | 0.005945 | | | HASTINGS CAMPUS HSG FIN AUTH C HCHGEN 07/45 FIXED 5 | 0.005914 | | | NJ NJSEDU 07/01/2064 | 0.005439 | | | Buckeye Tobacco Settlement Financing Authority, Series A-2, Class 1 | 0.005279 | | | Redevelopment Authority of the City of Philadelphia | 0.005258 | | | PUERTO RICO SALES TAX FING COR REGD OID B/E 5.00000000 | 0.005254 | | | CLIFTON TX HGR EDU FIN CORP EDU REVENUE | 0.005213 | | | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 C, RB | 0.005199 | | | MAIN STR NAT GA 5% 12/1/2052 MT | 0.005126 | | | NY STATE UR D(NY STATE PIT) 5% 3/15/47 | 0.005083 | | | NJ TRANSPRTN TRUST-A | 0.005051 | | | LEE COUNTY INDUSTRIAL DEVELOPM LEEMED 11/44 FIXED 5 | 0.005006 | | | NY MTA TRANSP 5% 11/15/2045 MT | 0.004970 | | | Port Authority of New York & New Jersey | 0.004941 | | | UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.00000000 | 0.004936 | | | LOUISIANA ST OFFSHORE TERMINAL LOUISIANA OFFSHORE TERMINAL AUTHORITY | 0.004927 | | | WASTE MANAGEMENT INC (MPT) 3.45% 11-01-46 | 0.004835 | | | NJ EDUCTNL FACS-A | 0.004816 | | | CENTRL FL EXPRESSWAY AUTH SR LIEN REVENUE | 0.004808 | | | CONNECTICUT ST-A-REF | 0.004801 | | | King County School District No. 406 Tukwila | 0.004782 | | | OHIO ST | 0.004759 | | | State of Maryland, Series 2022A | 0.004745 | | | STATE OF NEW JERSEY 5.0% 06-15-36 | 0.004725 | | | CT HLTH & EDUCTNL-B-2 | 0.004639 | | | San Diego County Regional Airport Authority | 0.004618 | | | MA ST DEV FIN AGY-M | 0.004598 | | | TX A&M UNIV-A-REF | 0.004594 | | | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE | 0.004565 | | | MASSACHUSETTS ST DEV FIN AGY R REGD B/E 5.00000000 | 0.004562 | | | NYC WTR 5% 6/15/2043 | 0.004532 | | | STATE OF NEW JERSEY 5.0% 06-15-42 | 0.004491 | | | NEW YORK CITY NY TRANSITIONAL FIN AUTH BLDG AID REVENUE | 0.004484 | | | MAIN STR NAT GA 5% 5/1/2055 MT | 0.004408 | | | BLACK BELT ENERGY GAS VAR | 0.004398 | | | Johnson & Miami Counties Unified School District No. 230 Spring Hills | 0.004345 | | | NEW YORK NY | 0.004302 | | | EQUITABLE SCHOOL REVOLVING FUND LLC OBLIGATED GROUP 5.0% 11-01-28 | 0.004246 | | | State of Illinois | 0.004203 | | ## Sources - N-PORT (fund A) — accession `0001657201-26-000161` (as of 2025-11-30) - N-PORT (fund B) — accession `0001410368-26-039952` (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 _