# Portfolio overlap — DMFFX vs FSMUX Comparing **Destinations Municipal Fixed Income Fund** (2026-02-28) and **Strategic Advisers Municipal Bond Fund** (2026-02-28). - Shared positions: 86 - Destinations Municipal Fixed Income Fund covered by Strategic Advisers Municipal Bond Fund: 0.04744064832374328722679286055 - Strategic Advisers Municipal Bond Fund covered by Destinations Municipal Fixed Income Fund: 0.04744064832374328722679286055 ## Destinations Municipal Fixed Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Federated Hermes Government Obligations Tax-Managed Fund, Institutional Class | 0.021947 | | | VANGUARD TAX-EXM | 0.021805 | ✓ | | PHILADELPHIA PA REGD N/C B/E 5.00000000 | 0.012988 | | | LOUISIANA ST REGD N/C B/E 5.00000000 | 0.009447 | | | FORSYTH CNTY GA SCH DIST REGD N/C B/E 5.00000000 | 0.008835 | | | State of Minnesota | 0.008750 | | | UNIV OF TEXAS TX PERMANENT UNI REGD N/C B/E 5.00000000 | 0.008723 | | | LAMAR TX CONSOL INDEP SCH DIST REGD B/E PSF-GTD 5.00000000 | 0.008594 | | | PEFA INC VAR | 0.008401 | | | HONOLULU CITY & CNTY HI REGD B/E 4.00000000 | 0.008366 | | | OHIO ST REGD N/C B/E 5.00000000 | 0.008312 | | | MI ST HSG DEV AUTH-A | 0.008092 | | | MET ATLANTA RAPID TRANSIT AUTH REGD N/C B/E 5.00000000 | 0.007850 | | | MIAMI-DADE W/S-B | 0.007286 | | | PORT NY NJ 5% 10/15/2029 | 0.007226 | | | WASHINGTON ST REGD B/E 5.00000000 | 0.007134 | | | Prince George's (County of), MD, Series 2018 A, GO Bonds | 0.007094 | | | MS ST 5% 10/1/2035 | 0.007053 | | | CARMEL IN REDEV AUTH REGD B/E ST INTE 5.00000000 | 0.007009 | | | DENVER CITY & CNTY CO ARPT REV REGD N/C B/E AMT 5.50000000 | 0.006409 | | | State of Louisiana, Series 2024E | 0.006356 | | | MIAMI-DADE CO WTR&SWR | 0.006123 | | | NEW YORK NY REGD B/E 5.00000000 | 0.006072 | | | UNIV OF TEXAS TX PERMANENT UNIV FND | 0.006071 | | | NEW YORK ST URBAN DEV CORP REV REGD B/E 5.00000000 | 0.005942 | | | New York City Transitional Finance Authority Future Tax Secured Revenue | 0.005861 | | | CHICAGO-D-REF-REV | 0.005819 | | | State of Illinois | 0.005610 | | | PHILA PA 5% 8/1/2030 | 0.005539 | | | SOUTHEAST ENERGY-E | 0.005521 | ✓ | | OH BUCGEN 5 06/01/2055 | 0.005410 | ✓ | | NY DORM AUTH -A -REF | 0.005284 | | | MA ST BAY AUTH-SER B | 0.005244 | | | Commonwealth of Pennsylvania, Series 2026 | 0.005218 | | | State of Illinois, Series 2025A | 0.005067 | | | HOUSTON-UTL SYS-B-REF | 0.005026 | | | State of Maryland Department of Transportation | 0.004999 | | | WILLMAR MN INDEP SCH DIST #347 REGD N/C B/E SD CRED 5.00000000 | 0.004980 | | | COLORADO ST HLTH FACS AUTH REV REGD B/E 5.00000000 | 0.004969 | ✓ | | JACKSONVILLE FL SPL REVENUE REGD B/E 5.00000000 | 0.004950 | | | TEXAS ST MUNI GAS ACQUISITION REGD N/C B/E 5.00000000 | 0.004823 | | | LOUISIANA ST LOCAL GOVT ENVRNM REGD B/E 5.00000000 | 0.004753 | | | Clark (County of), NV, Series 2016 B, Ref. GO Bonds | 0.004603 | | | LAFAYETTE LA UTILITIES REVENUE REGD B/E AG 5.00000000 | 0.004560 | | | WASHINGTON ST REGD B/E 5.00000000 | 0.004508 | | | NY TRANS CORP 5% 12/1/2037 @ | 0.004504 | ✓ | | Salt River Project Agricultural Improvement & Power District, Series 2025, RB | 0.004408 | | | NYC MUNI WTR FIN-DD | 0.004306 | | | CMNTY TX INDEP SCH DIST REGD B/E PSF-GTD 5.00000000 | 0.004281 | | | MET SAINT LOUIS MO SWR DIST WS REGD B/E 5.00000000 | 0.004255 | | ## Strategic Advisers Municipal Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Allspring Municipal Bond Admin | 0.062004 | | | Vanguard Long-Term Tax-Exempt Adm | 0.049776 | | | Franklin Federal Tax Free Income R6 | 0.047046 | | | MONEY MARKET FUND | 0.034566 | | | ISHARES NATIONAL MUNI BOND ETF ISHARES NATIONAL MUNI BOND E | 0.023140 | | | VANGUARD TAX-EXM | 0.022249 | ✓ | | DWS Managed Municipal Bond S | 0.021939 | | | FIDELITY SAI ENHANCED MUNICIPAL INCOME FUND | 0.018581 | | | BlackRock National Municipal Inv A | 0.018563 | | | Eaton Vance National Municipal Income I | 0.017475 | | | American High-Income Municipal Bond F-2 | 0.011155 | | | Fidelity Municipal Cash Central Fund | 0.005735 | | | Invesco Government & Agency Portfolio, Institutional Class | 0.002884 | | | MAIN STR NAT GA 4% 07/01/2052 MT | 0.002683 | | | PUERTO RICO SALES TAX FING COR REGD OID B/E 4.75000000 | 0.002428 | ✓ | | OH BUCGEN 5 06/01/2055 | 0.002360 | ✓ | | SOUTHEAST ENERGY-E | 0.002257 | ✓ | | TN TNSUTL 5 12/01/2035 | 0.002043 | | | Public Energy Auth. of Kentucky Gas Supply Rev. Refg. C | 0.001505 | | | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 C, RB | 0.001454 | | | Puerto Rico Commonwealth Aqueduct & Sewer Authority, Series A | 0.001442 | ✓ | | CHICAGO ILLIN 6% 4/1/2046 | 0.001354 | | | MUNIBOND | 0.001309 | | | PUERTO RICO SALES TAX FING COR REGD OID B/E 5.00000000 | 0.001305 | ✓ | | MAIN STR NAT GA(RCC) 5% 9/1/30MT 53 | 0.001184 | ✓ | | TX TTFTRN 5.5 10/01/2055 | 0.001173 | | | TN TNSUTL 5 11/01/2034 | 0.001152 | | | NY TRANS CORP(JFK INT NEW ONE)/AGM 5.13% 6/30/60@ | 0.001144 | | | Southeast Energy Authority, Alabama, Revenue Bonds Cooperative District Energy Supply Series 2024C | 0.001139 | | | NEW YORK ST URBAN DEV CORP SALES TAX REVENUE | 0.001125 | | | NY NYEFAC 07/01/2056 | 0.001115 | | | San Francisco City & County Airport Comm-San Francisco International Airport | 0.001099 | | | LOWER AL GAS DT-A-REF | 0.001083 | | | State of Illinois, Series D | 0.001075 | | | TOBACCO SETTLEMENT FING CORP N TOBGEN 06/46 FIXED 5 | 0.001074 | | | WI PUBTRN 5.75 12/31/2065 | 0.001045 | ✓ | | PENNSYLVANIA ST ECON DEV FING REGD OID B/E AMT 5.25000000 | 0.001038 | | | STATE OF ILLINOIS MCCORMICK PLACE EXPANSION PROJECT FUND 4.0% 06-15-52 | 0.001038 | | | PENNSYLVANIA ST ECON DEV FING REGD B/E AMT 5.75000000 | 0.001030 | | | Puerto Rico, General Obligation Bonds, Vintage CW NT Claims Taxable Series 2022 | 0.001029 | | | MAIN STR NAT GA 4% 9/1/2052 | 0.001029 | | | Southeast Energy Authority, Alabama, Revenue Bonds, Cooperative District Energy Supply Series 2025B | 0.001029 | | | MAIN STR NAT GA 5% MT | 0.001019 | | | Black Belt Energy Gas District, Series D-1 | 0.001016 | | | TX TXSUTL 01/01/2055 | 0.000972 | | | PUERTO RICO SALES TAX FING COR REGD ZCP OID B/E 0.00000000 | 0.000960 | | | NEW YORK ST DO 5% 3/15/2041 | 0.000956 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB | 0.000939 | | | California Community Choice Financing Authority, Series 2025G | 0.000936 | ✓ | | NY TRNSPRTN DEV CRP-A | 0.000934 | | ## Sources - N-PORT (fund A) — accession `0001003715-26-001573` (as of 2026-02-28) - N-PORT (fund B) — accession `0000035402-26-002694` (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 _