# Portfolio overlap — FSTTX vs MEAR Comparing **American Funds Short-Term Tax-Exempt Bond Fund** (2026-01-31) and **iShares Short Maturity Municipal Bond Active ETF** (2026-01-31). - Shared positions: 28 - American Funds Short-Term Tax-Exempt Bond Fund covered by iShares Short Maturity Municipal Bond Active ETF: 0.05627559579004101844940132779 - iShares Short Maturity Municipal Bond Active ETF covered by American Funds Short-Term Tax-Exempt Bond Fund: 0.05627559579004101844940132778 ## American Funds Short-Term Tax-Exempt Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | UTILITY-TE-2 | 0.009626 | | | UNIV OF MICHIGAN MI REGD V/R B/E 2.40000000 | 0.008033 | | | PEFA INC VAR | 0.008017 | ✓ | | WASTE MANAGEMENT INC (MPT) 4.6% 10-01-46 | 0.007599 | | | CA STWD CMNTYS DEV-A | 0.007208 | | | MS BUS FIN-VAR-J-CHEV | 0.006608 | | | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES | 0.006392 | | | MUNIBOND | 0.005895 | | | ARIZONA ST INDL DEV AUTH MF HS REGD V/R B/E 5.00000000 | 0.005476 | | | WASTE MANAGEMENT INC (MPT) 4.25% 06-01-48 | 0.004952 | | | SOUTHEAST ENERGY AUTH VAR | 0.004654 | | | Los Angeles (City of), CA, Series 2025, RN | 0.004368 | | | State of Georgia, Series 2022C | 0.004351 | | | WASTE MANAGEMENT INC (MPT) 3.875% 08-01-38 | 0.004331 | ✓ | | HOUSTON TX UTILITY SYS REVENUE REGD V/R B/E 3.45000000 | 0.004319 | | | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Refunding Series 2025A | 0.004300 | ✓ | | UTAH ST HSG CORP MF REVENUE REGD N/C B/E HUD SEC 3.62500000 | 0.004245 | | | UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.00000000 | 0.004065 | | | VIRGINIA HSG DEV-G | 0.004058 | | | State of Hawaii Department of Budget and Finance, The Queen's Health Systems, Series 2025B | 0.003973 | | | MISSISSIPPI ST BUSINESS FIN COMMISSION GULF OPPORTUNITY ZONE | 0.003973 | | | California Community Choice Financing Authority, Series F | 0.003898 | | | State of Colorado, Series B | 0.003865 | ✓ | | PREREF CENTRL FL EXPRESSWAY AUTH SR L REGD B/E PREREFUNDED 07/01/26 @ 100 4.00000000 | 0.003761 | | | BLACK BELT ENERGY GAS DISTRICT (MPT) 5.0% 03-01-55 | 0.003755 | | | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Refunding Series 2024B | 0.003731 | | | NEW YORK MUNI WTR-AA2 | 0.003565 | | | PREREF BEXAR CNTY TX REGD B/E PREREFUNDED 06/15/26 @ 100 5.00000000 | 0.003489 | | | QUEEN'S HEALTH SYSTEMS OBLIGATED GROUP FRN 07-01-51 | 0.003455 | | | PALMDALE FAMILY HOUSING LP (MPT) 2.95% 01-01-56 | 0.003438 | | | STHRN CA PUB PWR-B | 0.003386 | | | STATE OF NORTH CAROLINA 5.0% 06-01-29 | 0.003367 | | | MI HSG ST DEV AUTH-A | 0.003354 | | | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2024A-1 | 0.003204 | ✓ | | NYC TRANSITIONAL-F-1 | 0.003198 | | | HOUSTON TX ISD | 0.003161 | | | LOS ANGELES DEPT-C | 0.003139 | | | CARROLLTON-FARMERS BRANCH INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 02-15-27 | 0.003108 | | | NORTH PORT PRESERVATION LTD DIVIDEND HOUSING ASSOCIATION LLC FHA 223(F) (MPT) 5.0% 08-01-27 | 0.003088 | | | California Community Choice Financing Authority, Series B-1 | 0.003086 | ✓ | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB | 0.003085 | | | WISE VA IDA SW 3.125% MT | 0.003054 | | | NEW HAVEN UNIFIED SCHOOL DISTRICT AG 0.0% 08-01-29 | 0.003024 | | | TX EXXON 12 G=EXXON V1 | 0.003023 | | | NYC MUNI WTR FIN-DD | 0.002994 | | | EXXON MOBIL CORP FRN 12-01-40 | 0.002937 | | | RUSH SYSTEM FOR HEALTH OBLIGATED GROUP 5.0% 11-15-30 | 0.002931 | | | PORT OF PORTLAND OR AIRPORT REVENUE 5.0% 07-01-31 | 0.002884 | | | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2022A-1 | 0.002831 | ✓ | | DICKSON TN HLTH EDUCTNL & HSG FAC BRD MF REVENUE | 0.002815 | | ## iShares Short Maturity Municipal Bond Active ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | SAINT JAMES PARISH LA REVENUE PARISH OF ST JAMES LA | 0.022212 | | | IOWA ST FIN AUTH MIDWESTERN EC IOWA FINANCE AUTHORITY | 0.021557 | | | MAIN STR NAT GA 5% MT | 0.019263 | | | PEFA INC VAR | 0.017789 | ✓ | | TX TMGUTL 01/01/2054 | 0.017289 | ✓ | | HOUSTON TX UTILITY SYS REVENUE CITY OF HOUSTON TX COMBINED UTILITY SYSTEM REVENUE | 0.016532 | | | City of Burlington, Series 2007A | 0.016022 | | | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Refunding Series 2025A | 0.013949 | ✓ | | County of Allen, Series 2025C | 0.013910 | | | CONNECTICUT ST HSG FIN AUTH HS CONNECTICUT HOUSING FINANCE AUTHORITY | 0.012454 | | | Loudoun County Economic Development Authority, Series 2013A | 0.012231 | | | NY ST HSG FIN AGY D-2 | 0.010251 | | | Indianapolis Local Public Improvement Bond Bank, Series 2025B-2 | 0.010242 | | | NM MUNI ENERGY ACQ AU | 0.009945 | | | NY NY CITY HS(NEW YORK MHSG) 3.25% 2/1/30 MT 65 | 0.009404 | ✓ | | PENNSYLVANIA ST ECON DEV FING AUTH UPMC REVENUE | 0.009397 | | | HARRIS ED-VAR-REF-C-1 | 0.009395 | | | SAN ANTONIO TX MUNI COMMERICAL PAPER | 0.008963 | | | NYC WTR-ADJ-CC | 0.008958 | | | State of Oregon Housing & Community Services Department, Series 2024R | 0.008939 | | | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2024A-1 | 0.008321 | ✓ | | TRIBOROUGH NY BRIDGE & TUNNEL REGD V/R B/E 3.48880000 | 0.008014 | | | SOUTHEAST ENERGY AUTH VAR | 0.007963 | | | TARRANT TX EDFC 5% MT | 0.007893 | | | Dallas Fort Worth International Airport, Series 2025A-1 | 0.007868 | | | UNIV OF COLORADO CO HOSP AUTH UCOMED 11/35 ADJUSTABLE VAR | 0.007814 | | | UNIV OF TEXAS TX UNIV REVENUES | 0.007781 | | | CHICAGO O HARE INTL 5.00% | 0.007746 | | | WASTE MANAGEMENT INC (MPT) 3.875% 08-01-38 | 0.007669 | ✓ | | Louisiana Public Facilities Authority, Series 2009B-1 | 0.007647 | | | New York (City of), NY Municipal Water Finance Authority | 0.007447 | | | Oregon State Lottery, Series 2025A | 0.007421 | | | State of Colorado, Series B | 0.007365 | ✓ | | NYC HSG DEV CORP-F-2 | 0.007356 | ✓ | | TEXAS ST-B | 0.007356 | | | Board of Regents of the University of Texas System | 0.007285 | | | DISTRICT OF COLUMBIA (WASHINGTON D MUNI COMMERICAL PAPER | 0.007283 | | | Connecticut State Health & Educational Facilities Authority, Series O | 0.007283 | | | Highlands County Health Facilities Authority, Series 2021D-2 | 0.007283 | | | Omaha Nebraska Airport Authority, Tender Option Bond Trust Receipts/Certificates, Series 2024-XG0593 | 0.007283 | | | Massachusetts Water Resources Authority | 0.007283 | | | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE | 0.007039 | | | MOBILE PCR-VAR-AL PWR | 0.006559 | | | City of Burlington, Series 2007B | 0.006554 | | | MAIN STR NAT GA 4% 3/1/2050 | 0.006241 | | | BLKR-LI MUNI-INS | 0.006234 | | | State of New York Mortgage Agency Homeowner Mortgage, Series 247 | 0.006190 | | | County of Allen, Series 2025D | 0.006190 | | | City of Chicago, Series 2025B | 0.005907 | | | City of Austin TX | 0.005653 | | ## Sources - N-PORT (fund A) — accession `0001193125-26-130879` (as of 2026-01-31) - N-PORT (fund B) — accession `0002071691-26-007309` (as of 2026-01-31) --- _Informational only — not investment advice. 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