# Portfolio overlap — BSMS vs SCMB Comparing **Invesco BulletShares 2028 Municipal Bond ETF** (2026-02-28) and **Schwab Municipal Bond ETF** (2026-03-31). - Shared positions: 484 - Invesco BulletShares 2028 Municipal Bond ETF covered by Schwab Municipal Bond ETF: 0.04782734716809728075857050869 - Schwab Municipal Bond ETF covered by Invesco BulletShares 2028 Municipal Bond ETF: 0.04782734716809728075857050866 ## Invesco BulletShares 2028 Municipal Bond ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | TX WTR DEV BRD-B | 0.005543 | ✓ | | TRIBOROUGH NY BRIDGE & TUNNEL TRIBOROUGH BRIDGE & TUNNEL AUTHORITY | 0.004273 | ✓ | | N TX TOLLWAY AUTH REVENUE | 0.004222 | ✓ | | Los Angeles Department of Water & Power, Series 2025A | 0.004001 | ✓ | | Los Angeles Unified School District, Series 2018B-1 | 0.003980 | | | Montana (State of) Facility Finance Authority (Bozeman Deaconess Health Services Obligated Group), Series 2018, RB | 0.003670 | | | State of Illinois, Series D | 0.003520 | ✓ | | Los Angeles Unified School District, Series 2018B-1 | 0.003468 | ✓ | | GRAND PKWY TRANSPRTN | 0.003248 | ✓ | | Orlando (City of), FL, Series 2018 B, RB | 0.003043 | ✓ | | LONG ISLAND NY PWR AU | 0.003032 | | | State of New Jersey, Series 2020A | 0.002979 | ✓ | | ILL ST TOLL 5% 1/1/2042 | 0.002906 | ✓ | | STATE OF NEW YORK SALES TAX REVENUE 5.0% 03-15-48 | 0.002529 | ✓ | | STATE OF NEW JERSEY 5.0% 12-15-32 | 0.002507 | ✓ | | NV CLA 5 05/01/2048 | 0.002416 | ✓ | | NJ TRANSPRTN TRUST-A | 0.002406 | ✓ | | STATE OF OHIO | 0.002379 | | | State of California, Series 2018 | 0.002345 | ✓ | | NY DORM AUTH-C-REF | 0.002296 | ✓ | | Connecticut (State of), Series 2018 C, GO Bonds | 0.002292 | | | PECOS BARSTOW TOYAH TX INDEP SCH DIST | 0.002282 | | | NYC WTR 5% 6/15/2040 | 0.002271 | | | New York (City of), NY, Series 2020 B-1, Ref. GO Bonds | 0.002265 | | | State of California | 0.002246 | ✓ | | State of California, Series 2019 | 0.002219 | | | Triborough Bridge & Tunnel Authority, Series 2018 B, Ref. RB | 0.002215 | ✓ | | Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2020, RB | 0.002202 | ✓ | | NY MTA TRANSP 4% 11/15/2035 | 0.002185 | ✓ | | PENNSYLVANIA ST-1ST | 0.002166 | ✓ | | New York City Transitional Finance Authority Future Tax Secured Revenue | 0.002162 | | | State of California, Series 2022 | 0.002136 | ✓ | | State of Illinois, Series 2020B | 0.002129 | | | PENNSYLVANIA TURNPIKE COMMISSI PASTRN 12/43 FIXED 5 | 0.002124 | ✓ | | N TX TOLLWAY AUTH REVENUE | 0.002116 | | | UNIV OF CALIFORNIA-AZ | 0.002106 | | | NEW YORK-D-SUBSER D1 | 0.002098 | ✓ | | Los Angeles Unified School District, Series 2018B-1 | 0.002089 | | | New York (City of), NY, Subseries 2024 C-1, GO Bonds | 0.002081 | | | STATE OF CALIFORNIA 5.0% 11-01-28 | 0.002039 | ✓ | | STATE OF NEW YORK ST AID WITHHLDG 5.0% 07-15-43 | 0.002032 | ✓ | | NY DORM AUTH-C-REF | 0.002031 | ✓ | | NV LASGEN 5 07/01/2043 | 0.002030 | ✓ | | NYC TRANS FIN-S-3 | 0.002029 | | | New Jersey Transportation Trust Fund Authority | 0.002000 | ✓ | | State of Maryland, Series A2 | 0.001980 | ✓ | | New York (City of), NY, Series 2020 C, Ref. GO Bonds | 0.001979 | | | Harris (County of), TX Toll Road Authority (The), Series 2022 A, Ref. RB | 0.001962 | | | Harris (County of), TX Toll Road Authority (The), Series 2018 A, Ref. RB | 0.001951 | ✓ | | STATE OF NEW YORK ST AID WITHHLDG 5.0% 07-15-35 | 0.001942 | ✓ | ## Schwab Municipal Bond ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | NEW YORK NY | 0.002702 | | | MASSACHUSETTS ST | 0.002519 | | | Gwinnett County School District, Series 2025, GO Bonds | 0.002481 | | | NEW YORK-G-G-1 | 0.002406 | | | PENNSYLVANIA ST-1ST | 0.002368 | ✓ | | NASHVILLE& DAVIDSON-A | 0.002365 | | | NEW YORK NY | 0.002249 | | | NYC TRANSITIONAL-F-1 | 0.002226 | | | State of California Department of Water Resources | 0.002192 | | | State of Oregon Department of Transportation, Series 2024A | 0.002113 | | | NYC TRANSITIONAL-S-1A | 0.002043 | | | GWINNETT GA SD 5% 2/1/2032 | 0.002013 | | | LOS ANGELES UNIF SD-A | 0.001979 | | | WASHING ST -C | 0.001973 | | | Pennsylvania Turnpike Commission, Series 2023-1 | 0.001935 | | | NEW YORK CITY NY MUNI | 0.001919 | | | State of California | 0.001914 | | | Louisville & Jefferson County Metropolitan Sewer District, Series 2024A | 0.001913 | | | MASSACHUSETTS ST | 0.001827 | | | MASSACHUSETTS ST DEV FIN AGY R REGD N/C B/E 5.00000000 | 0.001798 | | | Washington (State of), Series 2018 C, GO Bonds | 0.001747 | ✓ | | State of Maryland, Series 2023A | 0.001726 | | | IN FIN REV 5% 2/1/2039 | 0.001706 | | | NYC NY 5% 8/1/2034 | 0.001697 | | | NORTHWEST TX INDEP SCH DIST REGD B/E PSF-GTD 5.00000000 | 0.001695 | | | STATE OF CALIFORNIA 5.0% 04-01-49 | 0.001695 | | | MTA HUDSON RAIL YRD-A | 0.001687 | | | State of Connecticut 4.00% 01/15/2035 | 0.001663 | | | STATE OF CALIFORNIA 5.0% 09-01-31 | 0.001652 | | | UNIV CA REGENTS-CE | 0.001643 | | | NY STATE UR D 5% 3/15/2036 | 0.001631 | | | NEW YORK ST DORM AUTH SALES TAX REVENUE | 0.001612 | | | Highland Park Independent School District, Series 2024 | 0.001612 | | | PRIV CLGS & UNIVS AUTH GA | 0.001611 | | | NYC WTR 5.25% 6/15/55 | 0.001611 | | | County of Wake, Series 2023A | 0.001608 | | | ILLINOIS FN RV 5% 4/1/2034 | 0.001604 | | | NYC TRANSITIONAL-E-1 | 0.001595 | | | City of Alexandria | 0.001587 | | | MA ST-A | 0.001572 | | | State of California, Series 2024 | 0.001565 | | | State of Connecticut | 0.001548 | | | UNIV OF CA REGENTS-BQ | 0.001545 | | | WA ST-SER R-2023A-REF | 0.001545 | | | OH TPK 5% 2/15/2046 | 0.001538 | | | Chicago Transit Authority, Series A | 0.001525 | | | NEW YORK-D | 0.001519 | | | GREAT LAKES WTR 5.25% 7/1/2047 | 0.001515 | | | WILLIAMSON CO-NTS | 0.001512 | | | Texas Water Development Board, Series 2020 | 0.001512 | | ## Sources - N-PORT (fund A) — accession `0001657201-26-000362` (as of 2026-02-28) - N-PORT (fund B) — accession `0001410368-26-050059` (as of 2026-03-31) --- _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 _