# Portfolio overlap — FSMB vs PDSAX Comparing **First Trust Short Duration Managed Municipal ETF** (2026-04-30) and **PGIM Short Duration Muni Fund** (2026-03-31). - Shared positions: 25 - First Trust Short Duration Managed Municipal ETF covered by PGIM Short Duration Muni Fund: 0.07104704342215084866563096735 - PGIM Short Duration Muni Fund covered by First Trust Short Duration Managed Municipal ETF: 0.07104704342215084866563096734 ## 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 | ✓ | ## PGIM Short Duration Muni Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | (PIPA070) PGIM Core Government Money Market Fund | 0.021529 | | | Pennsylvania Housing Finance Agency, Single Family Mortgage, Series 2026-152A | 0.011325 | | | MI HSG DEV AUTH -C | 0.009997 | | | MAIN STR NAT GA 5% 5/1/2055 MT | 0.009710 | ✓ | | UT CNTY UT HOSP 0% 5/15/2043 | 0.009575 | | | NY ST UDC PIT REV 20A 5.0% 03-15-42 | 0.008617 | | | NEW YORK NY CI 5% 8/1/2038 | 0.008595 | | | PENNSYLVANIA ST HSG FIN AGY SF REGD B/E 5.75000000 | 0.008464 | | | WI PUBGEN 06/15/2063 | 0.008299 | | | Wayne County Airport Authority, Michigan, Revenue Bonds, Detroit Metropolitan Wayne County Airport, Refunding Series 2025G | 0.008271 | | | MAIN STR NAT GA 5% MT | 0.008038 | | | MUNIBOND | 0.008015 | ✓ | | BANNER HEALTH OBLIGATED GROUP (MPT) FRN 01-01-37 | 0.008014 | | | ORLANDO UTILITIES COM VAR | 0.007961 | | | TN TNSUTL 05/01/2053 | 0.007930 | ✓ | | District of Columbia Tobacco Settlement Financing Corp., Series 2001, RB | 0.007847 | | | NEW YORK ST HSG FIN AGY AFFORDABLE HSG REVENUE | 0.007559 | ✓ | | MAINE ST HSG AUTH MTGE PURCHASE | 0.007454 | | | South Dakota Health & Educational Facilities Authority | 0.007433 | | | CHICAGO IL BRD OF EDU DEDICATE CHICAGO BOARD OF EDUCATION DEDICATED CAPITAL IMPRO | 0.007370 | | | TARRANT TX EDFC 5% MT | 0.007363 | | | NJ NJSTRN 5 01/01/2033 | 0.007355 | | | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2022A-1 | 0.007351 | | | SLT LAKE U 5% 7/1/2032@ | 0.007333 | | | MUNIBOND | 0.007127 | | | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 C, RB | 0.007111 | | | DENVER CO HSG AUTH-A | 0.007047 | | | AL BBEUTL 5 07/01/2033 | 0.007040 | | | TX TXSSFH 5.5 09/01/2052 | 0.006944 | | | BLACK BELT ENERGY GAS VAR | 0.006908 | | | NYC HSG DEV CORP-E-RE | 0.006865 | | | Black Belt Energy Gas District, Series 2025 A | 0.006846 | | | OH OHSDEV 11/01/2039 | 0.006790 | ✓ | | NASHVILLE LEASED HOUSING ASSOCIATES V LLLP (MPT) 3.15% 07-01-44 | 0.006746 | | | DESERTXPRESS ENTERPRISES LLC (MPT) 3.5% 01-01-65 | 0.006741 | | | NY LSLPWR 09/01/2051 | 0.006688 | | | State of Illinois | 0.006642 | | | State of Illinois Sales Tax, Series 2021C | 0.006551 | | | TENNERGY CORP TN GAS REVENUE TGYPWR 10/53 ADJUSTABLE VAR | 0.006539 | | | Brooks Development Authority | 0.006495 | | | WEYERHAEUSER CO (MPT) 3.875% 10-15-65 | 0.006467 | ✓ | | Metropolitan Nashville Airport Authority (The), Series 2026 B | 0.006443 | | | MI STRAT FND 4% MT@ | 0.006066 | | | NY MTA TRANSP 5% 11/15/2032 | 0.006024 | | | Pinal (County of), AZ Industrial Development Authority (Green Bonds), Series 2021 C, RB | 0.006010 | | | NORTH CAROLINA ST HSG FIN AGY REGD B/E GNMA/FN 6.25000000 | 0.005981 | | | Lower Colorado River Authority, Series 2022 | 0.005959 | | | TOBACCO SETTLEMENT FING CORP N TOBGEN 06/26 FIXED 5 | 0.005897 | | | MI HSG DEV AUTH-A | 0.005883 | | | Harris County Industrial Development Corp., Series 2023 | 0.005880 | | ## Sources - N-PORT (fund A) — accession `0000940400-26-025147` (as of 2026-04-30) - N-PORT (fund B) — accession `0000940400-26-021422` (as of 2026-03-31) --- _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 _