# Portfolio overlap — FASYX vs FSMB Comparing **Fidelity SAI Sustainable Conservative Income Municipal Bond Fund** (2026-01-31) and **First Trust Short Duration Managed Municipal ETF** (2026-04-30). - Shared positions: 17 - Fidelity SAI Sustainable Conservative Income Municipal Bond Fund covered by First Trust Short Duration Managed Municipal ETF: 0.03694007029467922941901645558 - First Trust Short Duration Managed Municipal ETF covered by Fidelity SAI Sustainable Conservative Income Municipal Bond Fund: 0.03694007029467922941901645559 ## Fidelity SAI Sustainable Conservative Income Municipal Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | CHTNOOGA TN COMNSPIRIT HLTH V7 | 0.054083 | | | DE DELMARVA PWR and LT 94 V1@ | 0.035919 | | | FL PWR and LT - NEXTERA 01-A V7@ | 0.032654 | | | GA OGLETHORPE PWR HATCH 13A V7 | 0.032654 | | | MS PWR - SOUTHERN CO 99 V1@ | 0.024490 | | | GA PWR - SOUTHERN CO 22-1 V1@ | 0.024490 | ✓ | | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE | 0.024082 | | | NYC GO FY21-2 Q=SELF V8+ | 0.020409 | | | LIBERTY NY DEV 2015-XM0106 LIQ MORGAN STANLEY | 0.019592 | | | PA THO JFFRSN U 18D RFLOAT V7 | 0.016735 | | | INDIANA ST DEV FIN AUTH ENVIRONMENTAL REV VAR-PSI ENERGY INC PROJS-SER A | 0.016327 | | | SAINT JAMES PARISH LA REVENUE PARISH OF ST JAMES LA | 0.016123 | | | Parish of St James LA | 0.013470 | | | CITY OF ATLANTA GA 5.00% | 0.012928 | | | NJ ST HMFA MF1 2.90% 11/1/2026 | 0.012452 | | | NY MTA TRANS 2022-XF1355-NUV Q=JPMC BK D7 | 0.012245 | | | HLTH BAPTIST AL 2013B V7 | 0.012245 | | | SW IL WSTE MGMT 02 L=JP V7@ | 0.012245 | | | AL SE ENERGY G=MO 2022-XG0410-NUV Q=MO D7 | 0.012245 | | | NY MTA TRAN-XF8023-NUV Q=JP D7 | 0.012245 | | | State of Illinois, Series 2024B | 0.011773 | | | MN MUNI GAS AGY-A | 0.011428 | | | WISCONSIN ST HT 5% 11/15/2027 | 0.010852 | | | OKLAHOMA HSG FIN AGY COLLATERA OKSMFH 10/42 ADJUSTABLE VAR | 0.010227 | | | NYC NY 5% 8/1/2028 | 0.008702 | | | New Jersey Institute of Technology/NJ | 0.008671 | | | Southeast Energy Authority, Alabama, Energy Supply Revenue Bonds, Cooperative District Series 2025E | 0.008468 | | | TX DNNSCD 08/15/2055 | 0.008467 | | | HUTTO TX ISD 4% MT | 0.008463 | | | WA ST UNIV 5% 4/1/2027 | 0.008415 | | | King County Housing Authority | 0.008391 | | | Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Refunding & Subordinate Green Series 2023A | 0.008223 | | | ST LOUIS MO MFH 3.15% 4/1/2046 MT | 0.008203 | | | UNIV WI HOSP 5% 4/1/2027 | 0.008191 | | | WASTE MANAGEMENT INC (MPT) 3.875% 08-01-38 | 0.008187 | ✓ | | WASTE MANAGEMENT INC (MPT) 3.45% 11-01-41 | 0.008186 | | | KY NUCOR 20A1 V1@ | 0.008163 | | | WV UNIV HLTH 18E RFLOAT V7 | 0.008163 | | | HARRIS TX BAYLOR MED BC22-006 BC/BC DR42 | 0.008163 | | | CLEAR CREEK TEX 5% 2/15/2028 | 0.007537 | | | GREAT LAKES WTR 5% 7/1/2027 | 0.007216 | | | DENTON TX ISD 5% 8/15/2027 | 0.007000 | | | TX NUCOR 03 V7@ | 0.006735 | | | MARICOPA CO IND DEV-D | 0.006392 | | | MAIN STR NAT GA 4% 07/01/2052 MT | 0.006220 | ✓ | | CHESAPEAKE VA ECON DEV AUTH PO REGD V/R B/E 3.65000000 | 0.006217 | | | COLORADO ST HLTH FACS AUTH REV REGD V/R B/E 5.00000000 | 0.006209 | | | WISCONSIN ST HSG ECON DEV AU WISMFH 08/58 ADJUSTABLE VAR | 0.006184 | | | SAN ANTONI TXS 3.45% MT | 0.006183 | ✓ | | WASTE MANAGEMENT INC (MPT) 4.6% 10-01-46 | 0.006155 | | ## 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 `0000035402-26-002048` (as of 2026-01-31) - 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 _