# Portfolio overlap — FMB vs FSMB Comparing **First Trust Managed Municipal ETF** (2026-04-30) and **First Trust Short Duration Managed Municipal ETF** (2026-04-30). - Shared positions: 71 - First Trust Managed Municipal ETF covered by First Trust Short Duration Managed Municipal ETF: 0.07042436526353714364545923939 - First Trust Short Duration Managed Municipal ETF covered by First Trust Managed Municipal ETF: 0.07042436526353714364545923939 ## 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 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 `0000940400-26-024909` (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 _