# Portfolio overlap — MBND vs FEHAX Comparing **State Street(R) Nuveen Municipal Bond ETF** (2026-03-31) and **First Eagle High Yield Municipal Fund** (2026-01-31). - Shared positions: 3 - State Street(R) Nuveen Municipal Bond ETF covered by First Eagle High Yield Municipal Fund: 0.02528111804862768031994871121 - First Eagle High Yield Municipal Fund covered by State Street(R) Nuveen Municipal Bond ETF: 0.02528111804862768031994871121 ## State Street(R) Nuveen Municipal Bond ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | ARIZONA BRD OF RGTS | 0.029191 | | | UT TELECOM OPEN INFR | 0.028210 | | | NEW YORK CITY NY INDL DEV AGY REVENUE | 0.027532 | | | NEW MEXICO ST HOSP EQUIPMENT LOAN COUNCIL HOSP REVENUE | 0.027440 | | | SAN FRANCISCO CA BAY AREA RAPID TRANSIT DIST | 0.026024 | | | Southeast Energy Authority, Alabama, A Cooperative District Energy Supply Revenue Bonds Series 2024A | 0.024385 | | | TRIBOROUGH NY BRIDGE TUNNEL TRBGEN 12/34 FIXED 5 | 0.024350 | | | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE | 0.023328 | | | MAIN STR NAT GA 5% MT | 0.023327 | | | FT BEND TX ISD 4% 2/15/2033 | 0.022757 | | | State Street Navigator Securities Lending Portfolio II | 0.022347 | | | POWERSOUTH ENERGY COOPERATIVE 5.0% 01-01-48 | 0.022073 | | | OK TPK AUTH-A | 0.021538 | | | State of Ohio | 0.020610 | | | MICHIGAN ST UNIV REVENUES | 0.019957 | | | Trails at Crowfoot Metropolitan District No 3 5.00% 12/01/2039 | 0.019620 | | | NJ TPK AUTH-B | 0.019529 | | | UNITED STATES STEEL CORP 5.45% 09-01-52 | 0.019431 | | | California Community Choice Financing Authority, Series 2023 E-1 | 0.019397 | | | UNIV OF TEXAS TX UNIV REVENUES | 0.018977 | | | TX PRIVATE ACTIVITY | 0.018673 | | | MUNIBOND | 0.018475 | | | OKLAHOMA CNTY OK FIN AUTH EDUCTNL FACS LEASE REVENUE | 0.018198 | | | Maricopa County Pollution Control Corp., Series 2010 B | 0.018162 | | | MIAMI-DADE COUNTY-REV | 0.018008 | | | KENTUCKY ST ECON DEV FIN AUTH REGD OID B/E 4.25000000 | 0.016533 | | | NEW HOPE EDU FACS-A-1 | 0.015463 | ✓ | | TRIBOROUGH NY BRIDGE TUNNEL TRBGEN 12/33 FIXED 5 | 0.015144 | | | DULUTH MN ECON DEV AUTH HLTH CARE FACS REVENUE | 0.014153 | | | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE | 0.013876 | | | San Francisco (City & County of), CA Special Tax District No. 2020-1, Series 2023, RB | 0.013290 | | | RIVERSIDE HEALTHCARE ASSOCIATION OBLIGATED GROUP AG 5.25% 07-01-48 | 0.013226 | | | RICHMOND CNTY GA HOSP AUTH REVENUE ANTICIPATION CTFS | 0.012487 | | | NTHRN IL UNIV -B | 0.012485 | | | Louisiana Public Facilities Authority | 0.011429 | | | OKLAHOMA ST DEV FIN AUTH HLTHSYS REVENUE | 0.011115 | | | WASTE PRO USA INC (MPT) 6.125% 07-01-32 | 0.011026 | | | FLORIDA ST DEV FIN CORP SOL WS REGD N/C B/E AMT 4.50000000 | 0.010968 | | | MWAA DULLES TOL 4% 10/1/2038 | 0.010862 | | | OLATHE KS | 0.010847 | | | CTR PLN ENG GAS 5% MT | 0.010683 | | | Preserve at South Branch Community Development District | 0.010514 | | | TN ENERGY | 0.010179 | | | NY TRANSPRTN DEV -AMT | 0.010068 | | | State of California, Series 2025, GO Bonds | 0.009990 | | | SAN ANTONIO TX | 0.009926 | | | UTAH ST ASSOCIATED MUNI PWR SYS REVENUE | 0.009893 | | | FLORIDA ST DEV FIN CORP REGD V/R B/E AMT 10.00000000 | 0.009884 | ✓ | | Chicago O'Hare International Airport | 0.009861 | | | Orange County Community Facilities District 5.00% 08/15/2037 | 0.009629 | | ## First Eagle High Yield Municipal Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | FLORIDA ST DEV FIN CORP REGD V/R B/E AMT 10.00000000 | 0.023686 | ✓ | | JPMorgan US Government Money Market Fund | 0.017264 | | | FLORIDA ST DEV FIN CORP REGD B/E AMT 5.50000000 | 0.016895 | | | WI PUBTRN 5.75 12/31/2065 | 0.014370 | | | NEW HOPE EDU FACS-A-1 | 0.014304 | ✓ | | CITY OF ATLANTA GA WESTSIDE TAX ALLOCATION DISTRICT GULCH AREA 0.0% 12-15-48 | 0.014208 | | | STATE OF NEVADA DEPARTMENT OF DIRDEV 01/65 ADJUSTABLE VAR | 0.012822 | | | PUERTO RICO TOLLROADS LLC 5.75% 07-01-54 | 0.011789 | | | DESERTXPRESS ENTERPRISES LLC (MPT) 12.0% 01-01-65 | 0.008614 | | | FLORIDA ST DEV FIN CORP REGD V/R OID B/E AMT 14.00000000 | 0.008430 | | | Black Belt Energy Gas District, Series 2025, RB | 0.007653 | | | Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Refunding Subordinate Green Series 2025A | 0.007433 | | | Michigan State Housing Development Authority | 0.007206 | | | CHICAGO IL BRD OF EDU REGD OID B/E 7.00000000 | 0.006947 | | | NY TRNSPRTN DEV CRP-A | 0.006335 | | | TOWER HEALTH OBLIGATED GROUP 5.0% 06-30-39 | 0.006175 | | | NY TRNSPRTN DEV CRP-A | 0.005971 | | | WI PUBTRN 6.5 12/31/2065 | 0.005767 | | | STATE OF ILLINOIS MCCORMICK PLACE EXPANSION PROJECT FUND 5.0% 06-15-50 | 0.005654 | | | MASSACHUSETTS ST DEV FIN AGY S REGD OID B/E 6.50000000 | 0.005599 | | | WA ST HFC NFP 5.75% 7/1/2060 | 0.005448 | | | California Community Housing Agency, Series 2021 A | 0.005078 | | | PUBLIC FIN AUTH WI LIMITED OBL PUBLIC FINANCE AUTHORITY | 0.004942 | | | Louisiana (State of) Public Facilities Authority (I-10 Calcasieu River Bridge), Series 2024, RB | 0.004893 | | | PUBLIC FIN AUTH WI REVENUE | 0.004891 | | | Washington Metropolitan Area Transit Authority, Series 2025, RB | 0.004810 | | | City of Chicago, Series 2025A | 0.004696 | | | GTR ORLANDO FL AVIATION AUTH ARPT FACS REVENUE | 0.004620 | | | Tender Option Bond Trust Receipts/Certificates | 0.004325 | | | State of Illinois | 0.004276 | | | BERKS PA MUN AU 3% 6/30/2044 | 0.004251 | | | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE | 0.004242 | | | GA ATLDEV 5.5 04/01/2039 | 0.004237 | | | WISCONSIN HLTH EDL FACS AUTH S REGD B/E 6.00000000 | 0.004180 | | | ORANGE HLTH FACS-A | 0.004166 | | | CONNECTICUT ST HSG FIN AUTH HSG MTGE FIN PROGRAM | 0.004149 | | | FLORIDA ST DEV FIN CORP | 0.003969 | | | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE | 0.003949 | | | SAVANNAH GEORGIA CONVENTION CT REGD OID B/E 6.25000000 | 0.003843 | | | SOUTH CAROLINA ST JOBS-ECON DEV AUTH SENIOR LIVING REVENUE | 0.003816 | | | INDIANA HOUSING COMMUNITY DEVELOPMENT AUTHORITY | 0.003756 | | | Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Social Series 2025-150A | 0.003669 | | | NEW YORK CITY NY HSG DEV CORP REVENUE | 0.003619 | | | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2019 A, RB | 0.003606 | | | CA PUB FIN AUTH-A-1 | 0.003557 | | | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE | 0.003537 | | | Chicago O'Hare International Airport, Series 2025 E | 0.003530 | | | WISCONSIN HLTH EDL FACS AUTH S WISMED 07/60 FIXED 6.625 | 0.003412 | | | Nebraska Investment Finance Authority | 0.003394 | | | PUBLIC FIN AUTH WI MF AFFORDABLE HSG | 0.003338 | | ## Sources - N-PORT (fund A) — accession `0001410368-26-055552` (as of 2026-03-31) - N-PORT (fund B) — accession `0002071691-26-007392` (as of 2026-01-31) --- _Informational only — not investment advice. 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