# Portfolio overlap — FSTTX vs VWSTX Comparing **American Funds Short-Term Tax-Exempt Bond Fund** (2026-01-31) and **VANGUARD ULTRA-SHORT-TERM TAX-EXEMPT FUND** (2026-01-31). - Shared positions: 177 - American Funds Short-Term Tax-Exempt Bond Fund covered by VANGUARD ULTRA-SHORT-TERM TAX-EXEMPT FUND: 0.07566301682774503438499980007 - VANGUARD ULTRA-SHORT-TERM TAX-EXEMPT FUND covered by American Funds Short-Term Tax-Exempt Bond Fund: 0.07566301682774503438499980008 ## 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 | ✓ | ## VANGUARD ULTRA-SHORT-TERM TAX-EXEMPT FUND — top positions | Security | Weight | Shared | |----------|--------|--------| | Vanguard Municipal Cash Management Fund | 0.022051 | | | NUVEEN AMT-FREE MUNI | 0.012471 | | | MUNIBOND | 0.010940 | | | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Refunding Series 2025A | 0.008989 | ✓ | | MUNIBOND | 0.007923 | ✓ | | CA STWD CMNTYS DEV-A | 0.007508 | ✓ | | MAIN STR NAT GA 4% 3/1/2050 | 0.007480 | | | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 D, RB | 0.006397 | ✓ | | NUVEEN AMT-FREE QUALITY MUNICIPAL INCOME FUND | 0.006306 | | | KY PUB ENERGY AUTH-A | 0.006264 | | | HARRIS ED-VAR-REF-C-1 | 0.006002 | | | Nuveen AMT-Free Municipal Credit Income Fund | 0.005905 | | | NY NY CITY HS(NEW YORK MHSG) 3.25% 2/1/30 MT 65 | 0.005805 | ✓ | | ALLGNY CNTY HDA 0% 11/15/2047 | 0.005626 | | | MAIN STR NAT GA 4% MT | 0.005377 | | | MAIN STR NAT GA 4% 07/01/2052 MT | 0.005285 | ✓ | | RESTRUCTURED-SER A1 | 0.004930 | | | WI HLTH & EDUCTL-C | 0.004442 | | | MN MUNI GAS AGY-A | 0.004330 | | | ILLINOIS ST FIN AUTH REVENUE ILLINOIS FINANCE AUTHORITY | 0.004160 | | | City of San Antonio TX | 0.004157 | | | NY ST HSG FIN AGY D-2 | 0.004146 | | | NY ST HSG FIN AGY-C-2 | 0.004119 | | | LOS ANGELES DEPT-C | 0.004118 | ✓ | | Black Belt Energy Gas District (The), Series 2022 B-1, RB | 0.003939 | ✓ | | BLACK BELT ENER VAR MT | 0.003882 | | | CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.003856 | | | BLACK BELT ENERGY GAS VAR | 0.003790 | | | BLACK BELT ENERGY GAS VAR | 0.003777 | ✓ | | TNDR OPT-FLTRS-XG0404 | 0.003753 | | | CALIFORNIA COMMUNITY VAR | 0.003579 | | | HORSEHEADS CSD-BANS | 0.003523 | | | PA ECON DEV FIN AUTH | 0.003413 | | | MN MUNI GAS AUTH-B | 0.003389 | | | JPM-PUTTERS-5099 | 0.003379 | | | PASADENA TX ISD 1.54% MT | 0.003309 | | | TN TGYPWR 12/01/2051 | 0.003259 | | | TNDR OPT-FLTRS-008 | 0.003158 | | | NY ST HSG FIN AGY-D2 | 0.003155 | | | Nuveen AMT-Free Municipal Credit Income Fund, Series B | 0.003150 | | | TARRANT TX EDFC 5% MT | 0.003086 | | | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT | 0.003081 | | | California Community Choice Financing Authority, Series B-1 | 0.003010 | ✓ | | Energy Southeast Cooperative District, Alabama, Energy Supply Revenue Bonds, Series 2025B | 0.003002 | | | TNDR OPT-FLTR-MS0041 | 0.002990 | | | GA WELLSTAR HLTH 25A L=BA V7 | 0.002974 | | | TN TNSUTL 05/01/2053 | 0.002931 | | | Harris County Cultural Education Facilities Finance Corporation, Texas, Revenue Bonds, Houston Methodist Hospital System, Series 2025F | 0.002847 | | | Metropolitan Government of Nashville & Davidson County TN | 0.002847 | | | TENNERGY CORP TN GAS REVENUE TENNERGY CORP/TN | 0.002836 | | ## Sources - N-PORT (fund A) — accession `0001193125-26-130879` (as of 2026-01-31) - N-PORT (fund B) — accession `0000225997-26-000121` (as of 2026-01-31) --- _Informational only — not investment advice. 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