# Portfolio overlap — MUB vs VTES Comparing **iShares National Muni Bond ETF** (2026-02-28) and **VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF** (2026-02-28). - Shared positions: 1042 - iShares National Muni Bond ETF covered by VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF: 0.1267672102438898737984751972 - VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF covered by iShares National Muni Bond ETF: 0.1267672102438898737984751989 ## iShares National Muni Bond ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | BLKR-LI MUNI-INS | 0.005650 | | | UNIV OF TEXAS TX UNIV REVENUES UNIHGR 08/36 FIXED 5 | 0.002093 | | | Connecticut State Health & Educational Facilities Authority, Series 2017C-4 | 0.001976 | | | City of Atlanta Water & Wastewater, Series 2015 | 0.001913 | | | TX NWTSCD 5.25 02/15/2055 | 0.001615 | | | NYS TWY PIT 5% 3/15/2048 | 0.001610 | | | HOUSTON TX HGR EDU FIN CORP REGD N/C B/E 5.00000000 | 0.001509 | | | NY ST DORM AUTH PIT 20D SF 4.0% 02-15-47 | 0.001411 | | | OHIO ST UNIV REGD N/C B/E 5.00000000 | 0.001392 | | | STATE OF CALIFORNIA 5.0% 09-01-31 | 0.001342 | ✓ | | State of New Jersey, Series 2020A | 0.001334 | ✓ | | WASHINGTON ST-R-2022 | 0.001311 | ✓ | | Pennsylvania Turnpike Commission, Series 2019-2 | 0.001226 | | | Chicago Transit Authority, Series A | 0.001199 | | | NJ EDUCTNL FACS AUTH | 0.001180 | | | Washoe County School District, Series 2017C | 0.001179 | | | NJ NJSEDU 07/01/2064 | 0.001176 | ✓ | | E CO AWP JT PWRS-A-1 | 0.001173 | ✓ | | STATE OF CALIFORNIA 5.0% 10-01-36 | 0.001156 | | | State of Illinois, Series D | 0.001150 | ✓ | | MASSACHUSETTS ST-B | 0.001136 | | | District of Columbia, Series 2025A | 0.001128 | | | NYC WTR 5.25% 6/15/2047 | 0.001090 | | | MA ST 5% 11/1/52 | 0.001089 | | | NEW YORK NY | 0.001084 | ✓ | | CALIFORNIA ST EDUCTNL FACS AUTH REVENUE | 0.001038 | | | San Diego Unified School District, Series 2020D-2 | 0.001035 | | | Colorado Springs (City of), CO, Series 2024 A, RB | 0.001027 | | | Triborough Bridge & Tunnel Authority, Series 2024A | 0.000973 | | | NJ TRN FD CAB-SER C | 0.000971 | ✓ | | Los Angeles Unified School District, Series 2020 RYQ, GO Bonds | 0.000968 | | | UNIV OF CA REGENTS | 0.000959 | | | NY ST UDC PIT REV 20A SF 4.0% 03-15-49 | 0.000956 | | | NYC WTR 5% 6/15/48 | 0.000943 | | | PENNSYLVANIA CMWLTH | 0.000942 | ✓ | | TRIBOROUGH NY BRIDGE TUNNEL TRBTRN 05/51 FIXED 5 | 0.000941 | | | New York State Thruway Authority, Series 2021A-1 | 0.000935 | | | NY ST THRWY AUTH | 0.000934 | | | OH WTR DEV AUTH-C | 0.000932 | | | State of Maryland, Series 2023A | 0.000925 | | | Metropolitan Government of Nashville & Davidson County, Series 2024B | 0.000924 | | | New York State Thruway Authority, Series 2025A | 0.000923 | | | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Variable Rate Series 2020 | 0.000913 | | | Maryland (State of) Stadium Authority (Baltimore City Public Schools), Series 2016, RB | 0.000905 | ✓ | | New Orleans, Louisiana, General Obligation Bonds, Public Improvement Series 2024A | 0.000894 | | | MA ST-A | 0.000888 | | | MBTA SLS TAX 5.25% 7/1/2052 | 0.000882 | | | UNIV OF CA REGENTS | 0.000881 | | | PROSPER TX INDEP SCH DIST REGD OID B/E PSF-GTD 4.00000000 | 0.000879 | | | Ector County, Texas, Certificates of Obligation, Series 2024 | 0.000871 | | ## VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | Vanguard Municipal Cash Management Fund | 0.021044 | | | NYC TRANSITIONAL-G-1 | 0.003163 | | | CALIFORNIA ST-REF | 0.002916 | | | NEW JERSEY ST ECON DEV AUTH REVENUE | 0.002674 | | | Dallas Independent School District, Series 2026B | 0.002671 | ✓ | | State of Illinois, Series D | 0.002608 | ✓ | | State of New Jersey, Series 2020A | 0.002551 | ✓ | | New Jersey Transportation Trust Fund Authority, Series 2016A1 | 0.002468 | ✓ | | Wyandotte County Unified School District No. 500, Series A | 0.002303 | | | E CO AWP JT PWRS-A-1 | 0.002274 | ✓ | | CA REGENTS UNIV-CD | 0.002141 | | | OH WTR DEV AUTH | 0.002138 | ✓ | | LOS ANGELES UNIF SD-A | 0.002017 | ✓ | | State of New Jersey, Series A | 0.001950 | ✓ | | NEW YORK-G-G-1 | 0.001902 | | | State of New Jersey, Series 2020A | 0.001871 | ✓ | | Los Angeles Department of Water & Power, Series 2025A | 0.001852 | ✓ | | OHIO WTR DEV AUTH-A | 0.001835 | | | Bay Area Toll Authority, Series 2026A | 0.001826 | ✓ | | State of New Jersey, Series 2020A | 0.001824 | ✓ | | State of New Jersey, Series 2020A | 0.001800 | ✓ | | LOS ANGELES DEPT-C | 0.001769 | ✓ | | UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.00000000 | 0.001768 | ✓ | | UNIV OF TEXAS UNIV-A | 0.001724 | ✓ | | NJ TPK AUTH-B | 0.001711 | | | MASSACHUSETTS ST | 0.001667 | ✓ | | State of California, Series 2025, GO Bonds | 0.001661 | | | State of New Jersey, Series 2020A | 0.001636 | ✓ | | Virginia Public Building Authority, Series 2021A-1 | 0.001600 | ✓ | | UNIV OF PITTSBURGH PA OF THE C REGD B/E 5.00000000 | 0.001599 | ✓ | | State of California, Series 2023 | 0.001598 | | | WI ST GF APP 5% 5/1/2026Q | 0.001569 | | | NEW YORK CITY-C-REF | 0.001561 | ✓ | | KY ST PROP 5% 11/1/2027 | 0.001536 | ✓ | | State of California, Series 2007 | 0.001534 | ✓ | | WASHINGTON ST WAS 07/26 FIXED 4 | 0.001512 | | | State of North Carolina, Series 2019 | 0.001481 | | | SOUTH CAROLINA ST ASSN OF GOVTL ORGANIZATIONS COPS | 0.001474 | | | CT HLTH & EDUCTNL-B-2 | 0.001467 | ✓ | | DE VLY FIN -A | 0.001437 | ✓ | | NJ TRANSPRTN TRUST-A | 0.001436 | | | GREAT LAKES WTR AUTH- | 0.001436 | | | E CO AWP JT PWRS-A-2 | 0.001428 | | | State of California | 0.001425 | | | State of Maryland | 0.001421 | | | NEW YORK MUNI WTR-AA2 | 0.001413 | | | STATE OF CALIFORNIA 5.0% 04-01-29 | 0.001402 | ✓ | | Washington Metropolitan Area Transit Authority, Series 2021A | 0.001343 | | | State of California, Series 2017 | 0.001342 | ✓ | | GUILFORD CO | 0.001340 | | ## Sources - N-PORT (fund A) — accession `0002071691-26-008205` (as of 2026-02-28) - N-PORT (fund B) — accession `0000105563-26-000162` (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 _