# Portfolio overlap — MFSM vs FSMUX Comparing **MFS Active Intermediate Muni Bond ETF** (2026-02-28) and **Strategic Advisers Municipal Bond Fund** (2026-02-28). - Shared positions: 76 - MFS Active Intermediate Muni Bond ETF covered by Strategic Advisers Municipal Bond Fund: 0.06070451978815784139892841442 - Strategic Advisers Municipal Bond Fund covered by MFS Active Intermediate Muni Bond ETF: 0.06070451978815784139892841442 ## MFS Active Intermediate Muni Bond ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | State Street Navigator Securities Lending Portfolio II | 0.045551 | | | ISHARES NATIONAL MUNI BOND ETF ISHARES NATIONAL MUNI BOND E | 0.040076 | ✓ | | VANGUARD TAX-EXM | 0.040075 | ✓ | | PASCO CNTY FL SOL WST DISP & RESOURCE RECOVERY SYS | 0.010216 | | | Kentucky Bond Development Corp., Series A | 0.007834 | | | CHERRY CREEK SD#5 | 0.007831 | | | GTR ASHEVILLE REGL ARPT AUTH N REGD B/E AMT AG 5.25000000 | 0.007479 | | | California Community Choice Financing Authority, Series F | 0.007466 | ✓ | | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE | 0.007465 | | | PENNSYLVANIA ST ECON DEV FING REGD B/E AMT AG 5.50000000 | 0.007420 | | | State of Minnesota 4.00% 08/01/2041 | 0.007070 | | | NORTH ALLEGHENY PA SC | 0.007038 | | | NYC HSG DEV CORP-F-2 | 0.006882 | | | SANTA NM 3.29% 12/10/2049 MT | 0.006862 | | | PENNSYLVANIA ST ECON DEV FING REGD B/E AMT 5.00000000 | 0.006835 | | | CALIFORNIA COMMUNITY VAR | 0.006641 | ✓ | | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE | 0.006382 | | | Fulton (County of), GA Development Authority (Georgia Institute of Technology), Series 2019, RB | 0.006089 | | | HOUSTON TX ARPT SYS REVENUE REGD B/E AMT 5.25000000 | 0.006041 | | | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2025B | 0.005363 | ✓ | | PROVIDENCE RI PUBLIC BLDGS AUTH REVENUE | 0.005240 | | | ROCKLAND CNTY NY SOL WST MGMT AUTH | 0.005189 | | | MAIN STR NAT GA 5% MT | 0.005152 | ✓ | | Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2018 A, RB | 0.004970 | ✓ | | N ORLEANS AVIAT 5% 1/1/2036@ | 0.004899 | | | METROHEALTH SYSTEM 5.5% 02-15-52 | 0.004713 | ✓ | | COOK CNTY IL CMNTY SCH DIST #152 1/2 HAZEL CREST | 0.004684 | | | Omaha Airport Authority | 0.004586 | | | PUBLIC FIN AUTH WI REVENUE | 0.004585 | | | STHRN ILLINOIS ST UNIV | 0.004540 | | | CENTRL TX REGL MOBILITY AUTH REVENUE | 0.004534 | | | PUERTO RICO ELEC PWR AUTH PWRREVENUE | 0.004519 | | | Miami County Unified School District No 367 Osawatomie 5.250% 09/01/2042 | 0.004467 | | | CHESAPEAKE VA HOSP AUTH HOSP FAC REVENUE | 0.004423 | | | PK CREEK MET DIST-REF | 0.004367 | | | LAWTON OK INDL DEV AUTH SALES TAX REVENUE | 0.004364 | | | RAMPART RANGE CO MET DIST #1 LIMITED TAX SUPPORTED & SPL REV | 0.004322 | | | MASSACHUSETTS ST EDUCTNL FING AUTH | 0.004313 | | | PENNSYLVANIA ST ECON DEV FING PASMED 03/60 ADJUSTABLE VAR | 0.004228 | | | GRAND PKWY TRANSPRTN | 0.004218 | ✓ | | RESTRUCTURED-SER A1 | 0.004176 | ✓ | | MAINE HLTH & HGR EDUCTNL FACS AUTH REVENUE | 0.004113 | | | COMMERCE SCHOOL DISTRICT | 0.004082 | | | UT SALAPT 5 07/01/2042 | 0.004077 | ✓ | | METROCARE SERVICES TX REVENUE | 0.004040 | | | GRAND RIVER CO HOSP DIST | 0.004012 | | | New York Transportation Development Corp., Series 2025 | 0.003942 | | | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE | 0.003893 | | | WYOMING MI PUBLIC SCHS | 0.003856 | | | MASSACHUSET REV 5% 7/1/2041 | 0.003846 | | ## Strategic Advisers Municipal Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Allspring Municipal Bond Admin | 0.062004 | | | Vanguard Long-Term Tax-Exempt Adm | 0.049776 | | | Franklin Federal Tax Free Income R6 | 0.047046 | | | MONEY MARKET FUND | 0.034566 | | | ISHARES NATIONAL MUNI BOND ETF ISHARES NATIONAL MUNI BOND E | 0.023140 | ✓ | | VANGUARD TAX-EXM | 0.022249 | ✓ | | DWS Managed Municipal Bond S | 0.021939 | | | FIDELITY SAI ENHANCED MUNICIPAL INCOME FUND | 0.018581 | | | BlackRock National Municipal Inv A | 0.018563 | | | Eaton Vance National Municipal Income I | 0.017475 | | | American High-Income Municipal Bond F-2 | 0.011155 | | | Fidelity Municipal Cash Central Fund | 0.005735 | | | Invesco Government & Agency Portfolio, Institutional Class | 0.002884 | | | MAIN STR NAT GA 4% 07/01/2052 MT | 0.002683 | | | PUERTO RICO SALES TAX FING COR REGD OID B/E 4.75000000 | 0.002428 | | | OH BUCGEN 5 06/01/2055 | 0.002360 | | | SOUTHEAST ENERGY-E | 0.002257 | | | TN TNSUTL 5 12/01/2035 | 0.002043 | | | Public Energy Auth. of Kentucky Gas Supply Rev. Refg. C | 0.001505 | | | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 C, RB | 0.001454 | | | Puerto Rico Commonwealth Aqueduct & Sewer Authority, Series A | 0.001442 | | | CHICAGO ILLIN 6% 4/1/2046 | 0.001354 | | | MUNIBOND | 0.001309 | | | PUERTO RICO SALES TAX FING COR REGD OID B/E 5.00000000 | 0.001305 | | | MAIN STR NAT GA(RCC) 5% 9/1/30MT 53 | 0.001184 | | | TX TTFTRN 5.5 10/01/2055 | 0.001173 | | | TN TNSUTL 5 11/01/2034 | 0.001152 | | | NY TRANS CORP(JFK INT NEW ONE)/AGM 5.13% 6/30/60@ | 0.001144 | | | Southeast Energy Authority, Alabama, Revenue Bonds Cooperative District Energy Supply Series 2024C | 0.001139 | | | NEW YORK ST URBAN DEV CORP SALES TAX REVENUE | 0.001125 | | | NY NYEFAC 07/01/2056 | 0.001115 | | | San Francisco City & County Airport Comm-San Francisco International Airport | 0.001099 | | | LOWER AL GAS DT-A-REF | 0.001083 | | | State of Illinois, Series D | 0.001075 | | | TOBACCO SETTLEMENT FING CORP N TOBGEN 06/46 FIXED 5 | 0.001074 | | | WI PUBTRN 5.75 12/31/2065 | 0.001045 | | | PENNSYLVANIA ST ECON DEV FING REGD OID B/E AMT 5.25000000 | 0.001038 | | | STATE OF ILLINOIS MCCORMICK PLACE EXPANSION PROJECT FUND 4.0% 06-15-52 | 0.001038 | | | PENNSYLVANIA ST ECON DEV FING REGD B/E AMT 5.75000000 | 0.001030 | | | Puerto Rico, General Obligation Bonds, Vintage CW NT Claims Taxable Series 2022 | 0.001029 | | | MAIN STR NAT GA 4% 9/1/2052 | 0.001029 | | | Southeast Energy Authority, Alabama, Revenue Bonds, Cooperative District Energy Supply Series 2025B | 0.001029 | | | MAIN STR NAT GA 5% MT | 0.001019 | | | Black Belt Energy Gas District, Series D-1 | 0.001016 | | | TX TXSUTL 01/01/2055 | 0.000972 | ✓ | | PUERTO RICO SALES TAX FING COR REGD ZCP OID B/E 0.00000000 | 0.000960 | | | NEW YORK ST DO 5% 3/15/2041 | 0.000956 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB | 0.000939 | | | California Community Choice Financing Authority, Series 2025G | 0.000936 | | | NY TRNSPRTN DEV CRP-A | 0.000934 | | ## Sources - N-PORT (fund A) — accession `0001410368-26-040051` (as of 2026-02-28) - N-PORT (fund B) — accession `0000035402-26-002694` (as of 2026-02-28) --- _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 _