# Portfolio overlap — FMB vs CWAIX Comparing **First Trust Managed Municipal ETF** (2026-04-30) and **First Trust Managed Municipal Fund** (2026-04-30). - Shared positions: 45 - First Trust Managed Municipal ETF covered by First Trust Managed Municipal Fund: 0.04594949169714440680121714008 - First Trust Managed Municipal Fund covered by First Trust Managed Municipal ETF: 0.04594949169714440680121714009 ## First Trust Managed Municipal ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | County of Meade, Series B-1 | 0.008106 | | | MAIN STR NAT GA 4% 9/1/2052 | 0.007372 | ✓ | | MUNIBOND | 0.005063 | | | New York City Transitional Finance Authority Future Tax Secured Revenue | 0.005046 | | | TEXAS ST MUNI GAS ACQUISITION& TEXAS MUNICIPAL GAS ACQUISITION & SUPPLY CORP IV | 0.004653 | | | S E ENERGY COOP DT | 0.004624 | | | City of Atlanta GA Airport Passenger Facility Charge | 0.004484 | | | NY DORM AUTH-E | 0.004173 | | | SOUTHEAST ENERGY AUTH VAR | 0.004136 | | | PUERTO RICO SALES TAX FING COR PUERTO RICO SALES TAX FINANCING CORP SALES TAX REV | 0.004132 | ✓ | | MUNIBOND | 0.003869 | | | INTERMOUNTAIN HEALTHCARE OBLIGATED GROUP 4.0% 01-01-40 | 0.003744 | | | San Francisco City & County Airport Comm-San Francisco International Airport | 0.003630 | | | Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Cook Childrens Medical Center, Series 2025 | 0.003424 | | | E BATON ROUGE PARISH LA SWR CO EASUTL 02/45 FIXED 4 | 0.003188 | | | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2019C-1 | 0.003184 | | | NYC NY 5% 3/1/42 | 0.003167 | | | PENNSYLVANIA ST ECON DEV FING REGD B/E AMT 5.25000000 | 0.003157 | | | New York (City of), NY, Subseries 2022 B-1, GO Bonds | 0.003147 | | | Walker County Economic & Industrial Development Authority | 0.003002 | | | CALIFORNIA ST POLL CONTROL FIN REGD B/E AMT 5.00000000 | 0.003001 | | | North Texas Tollway Authority, First Tier, Series 2020A | 0.002990 | | | Isle Wight (County of), VA Economic Development Authority (Riverside Health System), Series 2023, RB | 0.002908 | | | State of Connecticut, Series 2020 A | 0.002894 | | | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE | 0.002890 | | | CHATTANOOGA TN HLTH EDUCTNL &HSG FAC BRD REVENUE | 0.002857 | | | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE | 0.002841 | | | NEW YORK NY | 0.002805 | | | BLACK BELT ENERGY GAS VAR | 0.002779 | ✓ | | New Hampshire Business Finance Authority | 0.002753 | | | WA ST 5% 8/1/2041 | 0.002736 | | | SOUTHEAST ENERGY-D | 0.002696 | | | IPS Multi-School Building Corp | 0.002674 | | | PORT OF SEATTLE WA REVENUE REGD B/E AMT 5.00000000 | 0.002648 | | | TX WTR DEV BRD -REV | 0.002643 | | | TX PRIVATE ACTIVITY-A | 0.002631 | | | DENVER CITY & CNTY CO ARPT REVENUE | 0.002614 | | | DELAWARE VLY REG-B | 0.002602 | | | DENVER CITY & CNTY CO ARPT REV REGD B/E AMT 5.00000000 | 0.002600 | | | Tri-County Metropolitan Transportation District of Oregon, Series 2018, RB | 0.002564 | | | MISSISSIPPI ST HOSP EQUIPMENT & FACS AUTH | 0.002506 | | | RESTRUCTURED-SER A1 | 0.002500 | ✓ | | Energy Southeast A Cooperative District, Series B-1 | 0.002458 | | | MONTGOMERY INDL 0% 10/1/2053 MT | 0.002432 | | | East Allen Multi School Building Corp | 0.002407 | | | Kentucky Municipal Energy Agency | 0.002404 | | | Round Rock Independent School District | 0.002398 | | | SOUTHEAST ENRG 5% MT | 0.002376 | ✓ | | SAN FRANCISCO CITY & COUNTY AIRPORT COMM-SAN FRANCISCO INTERNATIONAL AIRPORT 5.25% 05-01-40 | 0.002363 | | | HOUSTON TX ARPT SYS REVENUE | 0.002345 | | ## 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 | ✓ | ## Sources - N-PORT (fund A) — accession `0000940400-26-024909` (as of 2026-04-30) - N-PORT (fund B) — accession `0000940400-26-024894` (as of 2026-04-30) --- _Informational only — not investment advice. 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