# Portfolio overlap — FSTTX vs SHM Comparing **American Funds Short-Term Tax-Exempt Bond Fund** (2026-01-31) and **State Street(R) SPDR Nuveen ICE Short Term Municipal Bond ETF** (2026-03-31). - Shared positions: 60 - American Funds Short-Term Tax-Exempt Bond Fund covered by State Street(R) SPDR Nuveen ICE Short Term Municipal Bond ETF: 0.05040334063862108710211090109 - State Street(R) SPDR Nuveen ICE Short Term Municipal Bond ETF covered by American Funds Short-Term Tax-Exempt Bond Fund: 0.05040334063862108710211090107 ## 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 | | ## State Street(R) SPDR Nuveen ICE Short Term Municipal Bond ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | SOUTHEAST ENERGY-E | 0.009253 | | | NEW YORK NY REGD N/C B/E 5.00000000 | 0.009094 | | | STATE OF CALIFORNIA | 0.006970 | | | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE | 0.006216 | | | STATE OF CALIFORNIA 5.0% 03-01-29 | 0.005280 | | | New York City Transitional Finance Authority Future Tax Secured Revenue | 0.005203 | | | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX | 0.005086 | | | State of California | 0.004922 | | | STATE OF CALIFORNIA | 0.004615 | | | UNIV OF CALIFORNIA CA REVENUES | 0.004113 | | | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX | 0.004103 | | | NEW YORK NY REGD N/C B/E 5.00000000 | 0.003984 | | | Alabama (State of) Federal Aid Highway Finance Authority (Garvee), Series 2025 B, Ref. RB | 0.003919 | | | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE | 0.003721 | | | FLORIDA ST TURNPIKE AUTH TURNPIKE REVENUE | 0.003717 | | | New Jersey Transportation Trust Fund Authority, Transportation System, Series 2019A | 0.003705 | | | MARYLAND ST DEPT OF TRANSPRTN CONSOL TRANSPRTN | 0.003636 | | | CA ST PUBLIC WKS BRD | 0.003630 | | | MONTGOMERY CNTY MD | 0.003617 | | | NEW MEXICO ST SEVERANCE TAX | 0.003579 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2022 A-1, RB | 0.003398 | | | State of Connecticut, Series 2021D | 0.003298 | | | STATE OF NEW YORK PERSONAL INCOME TAX REVENUE 5.0% 03-15-27 | 0.003260 | ✓ | | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX | 0.003250 | | | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Refunding Series 2025A | 0.003230 | ✓ | | E CO AWP JT PWRS-A-1 | 0.003198 | | | WASHINGTON ST-R-2026A | 0.003180 | | | Clark County School District, Series 2025, GO Bonds | 0.003156 | | | State of Minnesota, Series 2024, GO Bonds | 0.003133 | | | State of Illinois, Series 2025, GO Bonds | 0.003132 | | | State of Illinois, Series 2025B | 0.003117 | | | CONNECTICUT ST SPL TAX OBLIG REVENUE | 0.003066 | | | Los Angeles Department of Water & Power, Series 2023A | 0.003039 | | | DALLAS TX | 0.003038 | | | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX | 0.003023 | | | Los Angeles Community College District, Series A-1 | 0.003015 | | | DE KALB CNTY GA WTR & SWR REVENUE | 0.003014 | | | VIRGINIA ST PUB BLDG AUTH PUBLIC FACS REVENUE | 0.003004 | | | ILLINOIS ST-B | 0.003004 | | | State of North Carolina, Series 2022A | 0.002994 | | | WASHINGTON ST | 0.002985 | | | RICHLAND CNTY SC SCH DIST #2 | 0.002974 | | | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE 21ST CENTURY | 0.002968 | | | WA ST-R-REF | 0.002918 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2023, RB | 0.002914 | | | NY NY CITY HS(NEW YORK MHSG) 3.25% 2/1/30 MT 65 | 0.002912 | ✓ | | NYC MUNI WTR FIN-BB-2 | 0.002880 | | | State of Maryland, Series 2022C | 0.002793 | | | California Community Choice Financing Authority | 0.002772 | | | TENNESSEE ST | 0.002750 | | ## Sources - N-PORT (fund A) — accession `0001193125-26-130879` (as of 2026-01-31) - N-PORT (fund B) — accession `0001410368-26-055508` (as of 2026-03-31) --- _Informational only — not investment advice. 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