# Portfolio overlap — FPCPX vs PMIO Comparing **First Eagle Core Plus Municipal Fund** (2026-01-31) and **PGIM Municipal Income Opportunities ETF** (2026-02-27). - Shared positions: 1 - First Eagle Core Plus Municipal Fund covered by PGIM Municipal Income Opportunities ETF: 0.02270754541456995266014424848 - PGIM Municipal Income Opportunities ETF covered by First Eagle Core Plus Municipal Fund: 0.02270754541456995266014424848 ## First Eagle Core Plus Municipal Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | SAN FRANCISCO CITY & COUNTY AIRPORT COMM-SAN FRANCISCO INTERNATIONAL AIRPORT 5.25% 05-01-55 | 0.032368 | | | GEORGIA ST HSG & FIN AUTH REVENUE | 0.031298 | | | TOWER HEALTH OBLIGATED GROUP 5.0% 06-30-39 | 0.028671 | | | City of Baltimore, Series 2017A | 0.025030 | | | WESTCHESTER LOC DEV | 0.024947 | | | ILL ST TOLL 5% 1/1/45 | 0.022708 | ✓ | | Black Belt Energy Gas District, Series 2025 A | 0.022004 | | | ST PAUL MN HLTH 4% 7/1/2035 | 0.021787 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB | 0.019701 | | | Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2018A | 0.018885 | | | LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH REVE | 0.018845 | | | Public Finance Authority, Series 2025F | 0.017327 | | | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE | 0.015738 | | | Canaveral Port Authority, Series 2018 A, RB | 0.015693 | | | County of Lucas, Series 2025 | 0.015664 | | | Public Finance Authority, Series 2025, RB | 0.015474 | | | VIRGIN ISLANDS HOTEL DEV FING REGD OID B/E 6.00000000 | 0.015441 | | | University of Oklahoma (The), Series 2021 A | 0.015298 | | | Chicago Transit Authority Sales Tax Receipts Fund, Series 2020 A | 0.014274 | | | PENNSYLVANIA ST UNIV | 0.014114 | | | CTR TX RMA 5% 1/1/2045 | 0.014081 | | | Lower Colorado River Authority, Series 2022 | 0.013506 | | | PWR CNTY ID INDL DEV CORP SOL WST DISP REVENUE | 0.013435 | | | Illinois Finance Authority, Series A | 0.013250 | | | KANSAS CITY MO INDL DEV AUTH ARPT SPL OBLIG | 0.012869 | | | Summit County Development Finance Authority, Series A | 0.012846 | | | Eco Maine, Series 2025 | 0.012794 | | | MET TRANSPRTN AUTH NY REVENUE | 0.011757 | | | IL TOLL HWY AUTH-B | 0.011527 | | | Miami-Dade (County of), FL, Series 2017 B, Ref. RB | 0.011374 | | | Eagle County Airport Terminal Corp., Series B | 0.011355 | | | Waller Consolidated Independent School District, Series 2016 | 0.011215 | | | Minnesota Health & Education Facilities Authority, Series 8-K | 0.010897 | | | MI FIN AUTH-REF | 0.010299 | | | PUBLIC FIN AUTH WI STUDENT HSG PUBFIN 07/40 FIXED 5 | 0.010034 | | | Montana Facility Finance Authority, Series 2020 A | 0.009917 | | | Florida Higher Educational Facilities Financing Authority, Series 2019 | 0.009751 | | | DENVER CO ARPT 5% 11/15/2041 @ | 0.009630 | | | WI PUBFIN 5 07/01/2045 | 0.009602 | | | FLORIDA ST LOCAL GOVT FIN COMMISSION REVENUE | 0.009573 | | | Arlington, TX Higher Education Finance Corporation Education Rev. (Cypress Christian School) | 0.009393 | | | VA CHBTRN 5 07/01/2041 | 0.009374 | | | City of Atlanta Water & Wastewater, Series 2015 | 0.009361 | | | Lakefront Estates Community Development District, Series 2025 | 0.009340 | | | Montrose Redevelopment Authority, Series 2023 | 0.009213 | | | New York Counties Tobacco Trust IV, Series A | 0.008977 | | | BERKS PA MUN AU 3% 6/30/2044 | 0.008799 | | | PHILADELPHIA PA GAS WKS REVENUE | 0.008535 | | | BOULDER VLY CO SCH DIST #RE-2 BOULDER | 0.008413 | | | NYC TRANSTNL FIN-E1 | 0.008404 | | ## PGIM Municipal Income Opportunities ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | (PIPA070) PGIM Core Government Money Market Fund | 0.053332 | | | ILL ST TOLL 5% 1/1/45 | 0.027018 | ✓ | | Wisconsin (State of) Public Finance Authority (Aurora Integrated Oncology Foundation), Series 2023, RB | 0.025930 | | | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Refunding Series 2024A-1 | 0.025363 | | | Black Belt Energy Gas District, Series D-1 | 0.024719 | | | UT CNTY UT HOSP 0% 5/15/2043 | 0.024459 | | | ISHARES NATIONAL MUNI BOND ETF ISHARES NATIONAL MUNI BOND E | 0.024331 | | | NH NFADEV 01/20/2041 | 0.023152 | | | Wisconsin (State of) Public Finance Authority (KU Campus Development Corp. -Central District Development), Series 2016, RB | 0.023108 | | | NH NFADEV 11/20/2042 | 0.023088 | | | NY LIBERTY DEV CORP | 0.022928 | | | District of Columbia, Series D | 0.022599 | | | New Hampshire (State of) Business Finance Authority (Social Certificates), Series 2024-1A, RB | 0.021344 | | | PUBLIC FIN AUTH WI SPL REVENUE | 0.020826 | | | VLG FL CDD #13 SPL ASSMNT REVE REGD B/E 3.25000000 | 0.020733 | | | Public Energy Auth. of Kentucky Gas Supply Rev. Refg. C | 0.019053 | | | PUBLIC FIN AUTH WI REVENUE REGD V/R OID B/E 4.00000000 | 0.018597 | | | OHIO VALLEY ELECTRIC CORP 3.875% 01-01-36 | 0.015781 | | | PUBLIC FIN AUTH WI SPL REVENUE REGD B/E 5.37500000 | 0.015566 | | | PORT OF PORTLAND OR ARPT REVEN REGD B/E AMT 5.00000000 | 0.015205 | | | MAIN STR NAT GA 5% 5/1/2055 MT | 0.015176 | | | CHICAGO IL BRD OF EDU | 0.014495 | | | SOUTHEAST ENERGY-D | 0.014281 | | | OT FEDMFH 10/25/2040 | 0.013579 | | | WI WIS 5 05/01/2035 | 0.013270 | | | EDUCATIONAL GROWTH FUND LLC 0.0% 07-01-61 | 0.013104 | | | WEYERHAEUSER CO (MPT) 3.875% 10-15-65 | 0.012915 | | | Chicago O'Hare International Airport | 0.012877 | | | CA CCEDEV 5 03/01/2036 | 0.012561 | | | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2025B | 0.012299 | | | GFL SOLID WASTE SOUTHEAST LLC (MPT) 4.375% 10-01-54 | 0.011818 | | | ST JAMES PARISH | 0.011708 | | | MAIN STR NAT GA 0% 8/1/2052 | 0.011705 | | | TOBACCO SETTLEMENT FING CORP NJ | 0.011683 | | | TX EPFHSG 4 01/01/2037 | 0.011590 | | | PENNSYLVANIA ST ECON DEV FING PASDEV 08/37 ADJUSTABLE VAR | 0.011582 | | | WI PUBGEN 06/15/2063 | 0.011548 | | | Public Finance Authority | 0.011547 | | | Wisconsin (State of) Public Finance Authority (Rans-Elevon), Series 2024, RB | 0.010922 | | | PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY | 0.009669 | | | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE | 0.009564 | | | New Hampshire Business Finance Authority, Series 2024 | 0.009241 | | | MI FIN AUTH-B-2-REF | 0.008972 | | | Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth | 0.008920 | | | WI PUBHSG 01/20/2041 | 0.008607 | | | MAIN STR NAT GA(RCC) 5% 9/1/30MT 53 | 0.008199 | | | New Hope Cultural Education Facilities Finance Corporation, Texas, Senior Living Revenue Bonds, Sanctuary LTC LLC Project, Series 2021A-1 | 0.008174 | | | NY TRANS CORP 5% 1/1/2029 @ | 0.008154 | | | TARRANT TX EDFC 5% 11/15/2051 MT | 0.008060 | | | Wayne County Airport Authority, Series 2025 B | 0.007941 | | ## Sources - N-PORT (fund A) — accession `0002071691-26-007384` (as of 2026-01-31) - N-PORT (fund B) — accession `0000940400-26-014279` (as of 2026-02-27) --- _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 _