# Portfolio overlap — BTMSX vs FSTFX Comparing **Baird Short-Term Municipal Bond Fund** (2026-03-31) and **Fidelity Limited Term Municipal Income Fund** (2026-03-31). - Shared positions: 58 - Baird Short-Term Municipal Bond Fund covered by Fidelity Limited Term Municipal Income Fund: 0.04895220892434796558900354972 - Fidelity Limited Term Municipal Income Fund covered by Baird Short-Term Municipal Bond Fund: 0.04895220892434796558900354972 ## Baird Short-Term Municipal Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | US TREASURY N/B | 0.015469 | | | Rural Water Financing Agency | 0.004848 | | | Federated Institutional Tax-Free Cash Trust | 0.004809 | | | PUBLIC FIN AUTH WI REVENUE REGD V/R OID B/E 4.00000000 | 0.004608 | | | HARRIS TX CED 0% 5/15/2050 | 0.004554 | | | State of Maryland | 0.004401 | | | SEATTLE WA MUNI LIGHT & PWR REVENUE | 0.004359 | | | VAN WERT HEALTH OBLIGATED GROUP 6.125% 12-01-49 | 0.004341 | | | SOUTHEAST ENERGY-E | 0.004270 | ✓ | | TX TRANSPRTN-B-REF | 0.004234 | | | TX TMGUTL 01/01/2054 | 0.004105 | | | TX TPK AUTH-UNREF-A | 0.003987 | | | Colorado Housing and Finance Authority | 0.003950 | | | BLACK BELT ENERGY GAS VAR | 0.003845 | ✓ | | MOBILE AL INDL DEV BRD POLL CO REGD V/R B/E 3.92000000 | 0.003742 | | | TX GAS ACQ VAR-SUB-C | 0.003692 | | | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE | 0.003628 | | | Long Island Power Authority, Series 2025B | 0.003560 | | | TN TNSUTL 5 11/01/2034 | 0.003535 | ✓ | | EQUITABLE SCHOOL REVOLVING FUND LLC OBLIGATED GROUP 5.0% 11-01-28 | 0.003475 | | | WAUNAKEE WI CMNTY SCH DIST | 0.003473 | | | Massachusetts Bay Transportation Authority Sales Tax, Series 2016 A | 0.003469 | | | N TX HWY CABS-REF-1ST | 0.003421 | | | City of Virginia MN | 0.003338 | | | TX CLIEDU 02/15/2055 | 0.003322 | | | DFW ARPT 5% 11/1/2050 MT @ | 0.003315 | ✓ | | NYC HSG DEV CORP-B-2 | 0.003290 | | | PENNSYLVANIA TURNPIKE VAR | 0.003206 | ✓ | | COLORADO HOUSING AND FINANCE AUTHORITY | 0.003142 | | | Deerfield Community School District | 0.003142 | | | Kentucky Public Energy Authority | 0.003138 | | | WISCONSIN ST HLTH & EDUCTNL FA WISCONSIN HEALTH & EDUCATIONAL FACILITIES AUTHORIT | 0.003125 | | | LA PORTE IN SWR WKS REVENUE REGD OID B/E 3.75000000 | 0.003096 | | | Southeast Energy Authority, Alabama, Commodity Supply Revenue Bonds, Project 5, Series 2023A | 0.003074 | | | OKLAHOMA ST HSG FIN AGY SF MTG OKSSFM 09/56 FIXED 6.5 | 0.003061 | | | FAIRFAX C VA 5% 1/1/2045 MT | 0.003059 | ✓ | | State of Illinois Sales Tax, Series 2016A | 0.002940 | | | CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.002914 | | | PORT OF MORROW OR REGD B/E 5.15000000 | 0.002890 | | | HUNTSVILLE HLTH-VAR-A | 0.002877 | ✓ | | TEXAS ST MUNI GAS ACQUISITION& SPLY CORP III GAS SPLY REVEN | 0.002855 | | | Citizens Memorial Hospital District, Series 2024 A | 0.002852 | | | TARRANT TX EDFC 5% 7/1/2053 MT | 0.002811 | | | Orange County Housing Finance Authority | 0.002721 | | | Miami-Dade (County of), FL Housing Finance Authority (Amber Station), Series 2025, RB | 0.002679 | | | Generation Park Management District | 0.002663 | | | City of Edwardsville KS | 0.002645 | | | Michigan State Housing Development Authority | 0.002635 | | | City of Linn Valley KS | 0.002583 | | | TX R-MRB 6.25% 1/1/2056 | 0.002488 | | ## Fidelity Limited Term Municipal Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Fidelity Municipal Cash Central Fund | 0.054522 | | | SOUTHEAST ENERGY-E | 0.013502 | ✓ | | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE | 0.009282 | | | WA ST HLTH CAR 5% 10/1/2035 | 0.007430 | | | MTRO WA DC ARPT 5% 10/1/2028 @ | 0.007421 | | | NYC NY 5% 8/1/2028 | 0.006804 | | | BLACK BELT ENERGY GAS VAR | 0.006642 | ✓ | | Southeast Energy Authority, Alabama, Revenue Bonds Cooperative District Energy Supply Series 2024C | 0.006628 | | | WA ST HLTH CAR 5% MT | 0.006157 | | | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE | 0.006032 | | | WA ST HLTH CAR 5% 10/1/2030 | 0.005946 | | | MAIN STR NAT GA 4% MT | 0.005921 | | | WHITING IN ENVRNMNTL FACS REVE REGD V/R B/E AMT 5.00000000 | 0.005535 | | | MAIN STR NAT GA 4% 07/01/2052 MT | 0.005236 | ✓ | | School District of Broward County, Series 2025A | 0.005073 | | | OKLAHOMA CTY OK 3% 7/1/2026 | 0.005015 | | | CHICAGO IL BRD OF EDU | 0.004873 | | | DFW ARPT 5% 11/1/2050 MT @ | 0.004846 | ✓ | | California Community Choice Financing Authority | 0.004752 | | | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE | 0.004748 | | | NYC NY 5% 8/1/2027 | 0.004699 | | | State of New Jersey, Series 2020A | 0.004648 | | | NY TRANS CORP 5% 12/1/2026 @ | 0.004642 | | | UT CNTY UT HOSP 5% MT | 0.004587 | | | MTRO WA DC ARPT 5% 10/1/2026@ | 0.004504 | | | NY TRANS CORP 5% 12/1/2027 @ | 0.004471 | | | TN TNSUTL 5 11/01/2034 | 0.004459 | ✓ | | COLORADO ST HLTH FACS AUTH REVENUE | 0.004449 | | | TX SANUTL 02/01/2055 | 0.004386 | | | PORT NY NJ 5% 12/1/2028 @ | 0.004341 | | | KY HSG SFM 6% 7/1/2054 | 0.004284 | | | MAIN STR NAT GA 5% MT | 0.004283 | | | LOVE FLD MOD TX 5% 11/1/2029 @ | 0.004283 | | | MINNEAPOLS MN 5% MT | 0.004278 | | | NYC NY 5% 8/1/2028 | 0.004170 | | | TARRANT TX EDFC 5% MT | 0.004056 | ✓ | | LOVE FLD MOD TX 5% 11/1/2028 @ | 0.004024 | | | OHIO HOUSING FINANCE AGENCY FNMA/GNMA/FHLMC 3.25% 03-01-51 | 0.003872 | | | NJ ST TRANSN TR FD | 0.003810 | | | MAIN STR NAT GA 5% MT | 0.003784 | ✓ | | NE CENPWR 08/01/2055 | 0.003738 | | | GRAND PKWY TRANSPRTN | 0.003720 | | | CALIFORNIA COMMUNITY VAR | 0.003678 | | | SAN ANTONIO TX ELEC GAS REVE SANUTL 12/45 ADJUSTABLE VAR | 0.003660 | | | HARRIS TX CED 5% MT | 0.003650 | | | New Jersey Transportation Trust Fund Authority | 0.003626 | | | SOUTHEAST ENRG 5% MT | 0.003621 | | | GEORGIA POWER CO (MPT) 2.9% 08-01-43 | 0.003593 | | | MAIN STR NAT GA 5% MT | 0.003548 | ✓ | | HI ST 5% 10/1/2026 | 0.003463 | | ## Sources - N-PORT (fund A) — accession `0000894189-26-014925` (as of 2026-03-31) - N-PORT (fund B) — accession `0000035402-26-003413` (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 _