# Portfolio overlap — FMNHX vs FSMB Comparing **Fidelity Conservative Income Municipal Bond Fund** (2026-03-31) and **First Trust Short Duration Managed Municipal ETF** (2026-04-30). - Shared positions: 32 - Fidelity Conservative Income Municipal Bond Fund covered by First Trust Short Duration Managed Municipal ETF: 0.04772932509723382504695603175 - First Trust Short Duration Managed Municipal ETF covered by Fidelity Conservative Income Municipal Bond Fund: 0.04772932509723382504695603175 ## Fidelity Conservative Income Municipal Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Port of Port Arthur Navigation District | 0.036380 | | | Fidelity Municipal Cash Central Fund | 0.029810 | | | SAINT JAMES PARISH LA REVENUE PARISH OF ST JAMES LA | 0.023573 | | | CT YALE UNIV PUTTER-5106 JP/JP D1 for cash | 0.018077 | | | KY STUD LN 23-1A1 L=BA V7@ | 0.017841 | | | Rib Floater Trust Various States | 0.016422 | | | SAN FRANCISCO CA CITY and CNTY MF HSG 2022-MIZ9115 MZ/MZ D35 | 0.014965 | | | BRIGHTLINE FL PASSENGER RAIL 2024-XF1704-NUV E-AGM(RC)/RC D7@ | 0.014897 | | | Florida Insurance Assistance Interlocal Agency Inc | 0.014685 | | | PRT ARTHR TX MTVA10E Q=SELF V7 | 0.013307 | | | MEADE CNTY KY INDL BLDG REVENU REGD V/R B/E AMT 3.10000000 | 0.013063 | | | DFW ARPT 5% 11/1/2028 @ | 0.012905 | | | TENDER OPTION BOND TRUST RECEI REGD V/R B/E 3.62000000 | 0.011600 | | | CA MFH TERESINA APTS BAML25-6045 BA/BA D1@ | 0.010746 | | | DC DIS 06/01/2051 | 0.010740 | | | MARICOPA AZ PUB SVC 09E V7 | 0.010599 | | | GA OGLETHORPE PWR HATCH 13A V7 | 0.010069 | | | PRT ARTHR TX MTVA10D Q=SELF V7 | 0.009877 | | | BINGHAMTON CITY NY 4/10/26 BAN | 0.009541 | | | CA MFH FOUNTAIN PK 2025-MIZ9233 MZ/MZ D35@ | 0.009421 | | | WASTE MANAGEMENT INC (MPT) 4.6% 10-01-46 | 0.009381 | | | BELLEVILLE TWP ESSEX CNTY NJ 7/7/26 BAN | 0.009158 | | | MUNIBOND | 0.009063 | ✓ | | PENNSYLVANIA ST ECON DEV FING AUTH SOLID WASTE DISPOSAL REV | 0.008773 | | | TX ST MF HSG ROERS BOERNE 2023-MIZ9124 MZ/MZ D35 | 0.007800 | | | KY NUCOR 20A1 V1@ | 0.007722 | | | BLACK BELT ENERGY GAS VAR | 0.007514 | ✓ | | MUNIBOND | 0.007507 | ✓ | | NATIONAL FN AT 4.25% MT@ | 0.007095 | | | CHTNOOGA TN COMNSPIRIT HLTH V7 | 0.007057 | | | LEE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/FL V7 | 0.006771 | | | Tender Option Bond Trust Receipts/Certificates | 0.006771 | | | PORT SEATTLE 5% 7/1/2029 @ | 0.006512 | | | MARICOPA AZ PUB SVC 09D V7 | 0.006359 | | | Tender Option Bond Trust Receipts/Certificates | 0.006324 | | | MIZUHO FLOATER/RESIDUAL TRUST VARIOUS STATES | 0.006212 | | | SAN FRAN C and C MFH 1601 MARIPOSA APTS 2022-MIZ9095 MZ/MZ D35 | 0.006119 | | | REPUBLIC SERVICES INC (MPT) 3.45% 07-01-41 | 0.005712 | | | Tender Option Bond Trust Receipts/Certificates | 0.005712 | | | WASTE MANAGEMENT INC (MPT) 3.45% 12-01-44 | 0.005668 | | | Omaha Nebraska Airport Authority, Tender Option Bond Trust Receipts/Certificates, Series 2024-XG0593 | 0.005553 | | | AL NUCOR 03A V7@ | 0.005550 | | | PORT SEATTLE 5% 8/1/2029 @ | 0.005406 | | | TX DNNSCD 08/15/2055 | 0.005057 | | | PA THO JFFRSN U 18D RFLOAT V7 | 0.004934 | | | NYS_HFA 3.375% MT | 0.004912 | | | Trimble County, Kentucky, Environmental Facilities Revenue Bonds, Kentucky Utilities Company Project Series 2023A | 0.004890 | | | Tender Option Bond Trust Receipts/Certificates | 0.004878 | | | WASTE MANAGEMENT INC (MPT) 3.45% 10-01-41 | 0.004797 | ✓ | | Wayne County Airport Authority | 0.004789 | | ## 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 `0000035402-26-003330` (as of 2026-03-31) - 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 _