# Portfolio overlap — CWAIX vs FSMB Comparing **First Trust Managed Municipal Fund** (2026-04-30) and **First Trust Short Duration Managed Municipal ETF** (2026-04-30). - Shared positions: 8 - First Trust Managed Municipal Fund covered by First Trust Short Duration Managed Municipal ETF: 0.02454211443872129314847180262 - First Trust Short Duration Managed Municipal ETF covered by First Trust Managed Municipal Fund: 0.02454211443872129314847180262 ## First Trust Managed Municipal Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Kern Community College District, Series D | 0.021043 | | | YONKERS NY REGD B/E BAM 5.00000000 | 0.020675 | | | Consolidated Municipalities Electric Power Systems Joint Powers Board | 0.020623 | | | PENNSYLVANIA ST ECON DEV FING REGD B/E AMT 5.50000000 | 0.020563 | | | Port of Portland, Series 27 A | 0.019392 | | | DENVER CO ARPT 5.50% 11/15/2033 | 0.019327 | | | MD EDC 0% 10/1/2036 MT | 0.019287 | ✓ | | New Hope Cultural Education Facilities Finance Corp., Series 2025, RB | 0.018856 | ✓ | | CALIFORNIA COMMUNITY VAR | 0.015901 | ✓ | | Pennsylvania Turnpike Commission 5.00% 12/01/2039 | 0.015494 | | | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE | 0.015013 | | | SUFFOLK REGL OFF-TRACK BETTING SUFFOLK REGIONAL OFF-TRACK BETTING CORP | 0.014552 | | | RESTRUCTURED-SER A1 | 0.014134 | | | MAINE ST FIN AUTH SOL WST DISP REVENUE | 0.013880 | | | Adams & Arapahoe Counties Joint School District 28J Aurora | 0.013409 | | | Montgomery (County of), PA Industrial Development Authority (ACTS Retirement-Life Communities, Inc.), Series 2016, Ref. RB | 0.013278 | | | MET WA ARPTS AUTH-A-A | 0.013229 | | | WHITING IN ENVRNMNTL FACS REVE REGD V/R B/E AMT 5.00000000 | 0.013224 | ✓ | | MIDAS MOUNTAIN VETERANS PROGRA REGD B/E 5.20000000 | 0.012950 | | | Black Belt Energy Gas District (The) (Gas), Series 2022 F, RB | 0.012621 | | | NJ TRANSPR TRUST | 0.011633 | | | South Carolina Public Service Authority | 0.011446 | | | Louisville/Jefferson County Metropolitan Government | 0.011181 | | | PREREF IOWA ST FIN AUTH MIDWSTRN DISA REGD V/R B/E PREREFUNDED 12/01/32 @ 100 5.00000000 | 0.010671 | | | Virginia Commonwealth Transportation Board | 0.010458 | | | Virginia Small Business Financing Authority | 0.010386 | | | JEA Electric System Revenue | 0.010318 | | | NH HLTH EDU FACS-REF | 0.010315 | | | NEW YORK NY REGD B/E 5.25000000 | 0.010305 | | | CITY OF LOS ANGELES DEPARTMENT OF AIRPORTS | 0.010293 | | | Metropolitan Nashville Airport Authority (The), Series B | 0.010290 | | | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE | 0.010285 | | | Columbus Regional Airport Authority, Series 2025 A | 0.010211 | | | Newark Higher Education Finance Corp. | 0.010206 | | | Pennsylvania Economic Development Financing Authority | 0.010206 | | | CA CASFIN 5.5 09/01/2056 | 0.010137 | | | Florida Development Finance Corp | 0.010054 | | | NM MUNI ENERGY ACQ AU | 0.010026 | ✓ | | State of Illinois, Series 2020 | 0.010013 | | | JACKSONVILLE STATE UNIVERSITY BAM 5.125% 08-01-44 | 0.009984 | | | INDIANA ST FIN AUTH ENVRNMNTL REVENUE | 0.009970 | ✓ | | SOUTHEAST ENRG 5% MT | 0.009947 | | | Idaho Health Facilities Authority | 0.009940 | | | STATE OF NEW JERSEY 5.0% 12-15-39 | 0.009883 | | | BLACK BELT ENERGY GAS VAR | 0.009881 | ✓ | | Lakewood Ranch Stewardship District Utility Revenue | 0.009865 | | | Charlotte (County of), FL Industrial Development Authority (Town & Country Utilities), Series 2025, RB | 0.009863 | | | MAXATAWNY TWP P 5% 1/1/2041 | 0.009671 | | | Union County Hospital Facility Authority | 0.009633 | | | State of Hawaii, Series 2018 A | 0.009599 | | ## First Trust Short Duration Managed Municipal ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | Southeast Energy Authority, Alabama, Revenue Bonds Cooperative District Energy Supply Series 2024C | 0.010781 | | | County of Utah UT | 0.008459 | | | OH OHSDEV 11/01/2039 | 0.008131 | | | Wisconsin (State of) Public Finance Authority (Duke Energy Progress), Series 2022, Ref. RB | 0.007243 | | | St. John the Baptist (Parish of), LA (Marathon Oil Corp.), Series 2017, Ref. RB | 0.006812 | | | Main Street Energy, Inc., Series D | 0.006590 | | | Palm Beach (County of), FL Health Facilities Authority (ACTS Retirement-Life Communities, Inc.), Series 2016, Ref. RB | 0.006334 | | | NYC MUNI WTR FIN-BB | 0.005921 | | | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Refunding Series 2025A | 0.005890 | | | Black Belt Energy Gas District | 0.005821 | | | BLACK BELT ENERGY GAS VAR | 0.005787 | | | NM MUNI ENERGY ACQ AU | 0.005721 | ✓ | | NEW YORK ST HSG FIN AGY AFFORDABLE HSG REVENUE | 0.005317 | | | LOS ANGELES CA DEPT OF ARPTS A REGD B/E AMT 5.00000000 | 0.005316 | | | ALLEGHENY HOSP DEV-A | 0.005231 | | | WHITING IN ENVRNMNTL FACS REVE REGD V/R B/E AMT 5.00000000 | 0.005204 | ✓ | | MD CMNTY DEV-D-2 | 0.005135 | | | UNITED AIRLINES INC 4.0% 07-15-29 | 0.005107 | | | WASTE MANAGEMENT INC (MPT) 3.45% 11-01-44 | 0.005076 | | | NEW YORK NY REGD V/R B/E 2.65000000 | 0.005075 | | | NORTH CAROLINA ST HSG FIN AGYM REGD V/R B/E 5.00000000 | 0.004917 | | | TX TMGUTL 01/01/2054 | 0.004815 | | | FARM N MEX PCR 0% 6/1/2040 MT | 0.004764 | | | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Refunding Series 2024B | 0.004620 | | | DFW ARPT 5% 11/1/2031 @ | 0.004612 | | | FLORIDA DEV FIN CORP HLTHCAREFACS REVENUE | 0.004581 | | | City of Atlanta GA Department of Aviation | 0.004563 | | | TN TNSUTL 05/01/2053 | 0.004354 | | | City of Philadelphia PA Airport Revenue | 0.004342 | | | FAIRFAX C VA 5% 1/1/2045 MT | 0.004323 | | | WASTE MANAGEMENT INC (MPT) 3.45% 10-01-41 | 0.004255 | | | NORTH BLOCK ASSOCIATES LLC HUD SECT 8 FHA 221(D)(4) (MPT) 3.4% 02-01-29 | 0.004249 | | | COUNTY OF TRIMBLE KY TRMENV 06/33 FIXED 3.75 | 0.004234 | | | ARKANSAS DEV FIN AUTH ENVIRONM REGD V/R B/E AMT 4.00000000 | 0.004223 | | | MOBILE PCR-VAR-AL PWR | 0.004192 | | | MTRO WA DC ARPT 5% 10/1/2031 @ | 0.004155 | | | LEHIGH PA_IDA 3% 9/1/2029 | 0.004146 | | | INDIANAPOLIS IN LOCAL PUBLIC I REGD N/C B/E AMT 5.00000000 | 0.004125 | | | State of Illinois, Series C | 0.004124 | | | NORTHWESTERN CORP 3.875% 07-01-28 | 0.004114 | | | HOUSTON-UTL SYS-B-REF | 0.004101 | | | DE ST EDA 3.60% 1/1/31 | 0.004093 | | | PEFA INC VAR | 0.004075 | | | TENNERGY CORP TN GAS REVENUE TENNERGY CORP/TN | 0.004035 | | | NY TRANS CORP 5% 1/1/2032 @ | 0.004010 | | | SOUTHEAST ENERGY-F | 0.003984 | | | SOUTHEAST ENERGY AUTH VAR | 0.003963 | | | South Carolina Jobs-Economic Development Authority, Series 2023A | 0.003914 | | | MTRO WA DC ARPT 5% 10/1/2035 @ | 0.003899 | | | NYC HSG DEV CORP-F-2A | 0.003825 | | ## Sources - N-PORT (fund A) — accession `0000940400-26-024894` (as of 2026-04-30) - N-PORT (fund B) — accession `0000940400-26-025147` (as of 2026-04-30) --- _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 _