# Portfolio overlap — NAAEX vs FSMB Comparing **Nuveen Short Term Municipal Bond Fund** (2026-03-31) and **First Trust Short Duration Managed Municipal ETF** (2026-04-30). - Shared positions: 26 - Nuveen Short Term Municipal Bond Fund covered by First Trust Short Duration Managed Municipal ETF: 0.03464870727014194774689230784 - First Trust Short Duration Managed Municipal ETF covered by Nuveen Short Term Municipal Bond Fund: 0.03464870727014194774689230784 ## Nuveen Short Term Municipal Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | COLORADO ST HLTH FACS AUTH REV REGD V/R B/E 5.00000000 | 0.024115 | | | MTRO WA DC ARPT 5% 10/1/2026@ | 0.014392 | | | MARICOPA IDA-D | 0.014276 | | | HARRIS TX CED 5% MT | 0.013625 | | | WA ST HLTH CAR 5% 8/1/2049 MT | 0.012998 | | | Florida Municipal Power Agency, Series 2025A | 0.012960 | | | WASHINGTON ST-R-2025B | 0.012585 | | | Alaska Housing Finance Corporation, General Obligation Bonds, State Capital Project II, Series 2025A | 0.012273 | | | Massachusetts Port Authority, Series 2019 A | 0.011901 | | | UNIV OF TEXAS TX UNIV REVENUES | 0.011796 | | | RESTRUCTURED-SER A1 | 0.010109 | | | HOUSTON TX ARPT 5% 7/1/2026 @ | 0.008639 | | | DENVER CO ARPT 5.25% 11/15/2026 | 0.008471 | | | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2019C-1 | 0.008363 | ✓ | | HAMPTON ROADS VA TRANSPRTN ACC REGD N/C B/E 5.00000000 | 0.008009 | | | Michigan State Building Authority, Revenue Bonds, Facilities Program, Refunding Series 2025I | 0.007880 | | | LOUISIANA ST LOCAL GOVT ENVRNM LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIE | 0.007765 | | | State of Louisiana Gasoline & Fuels Tax, Series 2025B | 0.007614 | | | CHICAGO O'HARE INTERNATIONAL AIRPORT | 0.007326 | | | MI STRAT FND 3.35% MT@ | 0.007244 | ✓ | | CHICAGO MIDWAY INTL 5.00% | 0.007210 | | | NORTH EAST TX INDEP SCH DIST | 0.007073 | | | PORT NY NJ 5% 12/1/2026 @ | 0.006949 | | | MAIN STR NAT GA 4% 07/01/2052 MT | 0.006838 | ✓ | | Metropolitan Utilities District of Omaha, Nebraska, Gas System Revenue Bonds, Series 2023 | 0.006522 | | | NYC TRANSITIONAL FIN | 0.006479 | | | MO MOSMED 05/01/2051 | 0.006292 | | | Miami-Dade County, Florida, Seaport Revenue Bonds, Refunding Series 2022A | 0.006216 | | | Columbus, Ohio, General Obligation Bonds, Various Purpose Series 2025-1 | 0.006209 | | | Orange County Health Facilities Authority, Florida, Hospital Revenue Bonds, Advent Health Obligated Group, Series 2021C | 0.006133 | | | Port of Seattle, Washington, Revenue Bonds, Intermediate Lien Series 2015C | 0.005977 | | | State of Illinois Sales Tax, Series 2021C | 0.005671 | | | Alta Loma School District, San Bernardino, California, General Obligation Bonds, 1999 Election Series 2002B | 0.005636 | | | Colorado Housing and Finance Authority, Multi Family Project Bonds, Class I Series 2025C-2 | 0.005453 | | | COLORADO ST HLTH FACS AUTH REV REGD V/R B/E 5.00000000 | 0.005415 | | | Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Refunding Subordinate Green Series 2025A | 0.005203 | | | Wisconsin (State of), Series 2024, Ref. GO Bonds | 0.005198 | | | HAWAII ST DEPT OF BUDGET & FIN STATE OF HAWAII DEPARTMENT OF BUDGET & FINANCE | 0.005156 | | | State of Connecticut, Series 2025D | 0.005103 | | | Florida State Turnpike Authority, Turnpike Revenue Bonds, Department of Transportation, Series 2025D | 0.005093 | | | DENVER CO ARPT 5% 12/1/2027 @ | 0.005085 | | | Ohio State, General Obligation Bonds, Refunding Highway Capital Improvement Series 2026AA | 0.005078 | | | Maine Municipal Bond Bank, Series 2026 | 0.005005 | | | STATE OF CALIFORNIA | 0.005003 | | | STATE OF NORTH CARO 5.00% | 0.004954 | | | TRIBOROUGH NY BRIDGE TUNNEL TRBTRN 03/28 FIXED 5 | 0.004953 | | | Black Belt Energy Gas District, Alabama, Gas Project Revenue Bonds, Prepay BP PLC, Series 2024D | 0.004851 | | | SAINT CLOUD MN HLTH C | 0.004814 | | | Richmond County Board of Education, Georgia, General Obligation Bonds, Sales Tax Series 2025 | 0.004780 | | | TN ENERGY JR-SER B | 0.004768 | | ## First Trust Short Duration Managed Municipal ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | Southeast Energy Authority, Alabama, Revenue Bonds Cooperative District Energy Supply Series 2024C | 0.010781 | | | County of Utah UT | 0.008459 | | | OH OHSDEV 11/01/2039 | 0.008131 | | | Wisconsin (State of) Public Finance Authority (Duke Energy Progress), Series 2022, Ref. RB | 0.007243 | ✓ | | St. John the Baptist (Parish of), LA (Marathon Oil Corp.), Series 2017, Ref. RB | 0.006812 | ✓ | | Main Street Energy, Inc., Series D | 0.006590 | | | Palm Beach (County of), FL Health Facilities Authority (ACTS Retirement-Life Communities, Inc.), Series 2016, Ref. RB | 0.006334 | | | NYC MUNI WTR FIN-BB | 0.005921 | | | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Refunding Series 2025A | 0.005890 | | | Black Belt Energy Gas District | 0.005821 | | | BLACK BELT ENERGY GAS VAR | 0.005787 | | | NM MUNI ENERGY ACQ AU | 0.005721 | | | NEW YORK ST HSG FIN AGY AFFORDABLE HSG REVENUE | 0.005317 | | | LOS ANGELES CA DEPT OF ARPTS A REGD B/E AMT 5.00000000 | 0.005316 | | | ALLEGHENY HOSP DEV-A | 0.005231 | | | WHITING IN ENVRNMNTL FACS REVE REGD V/R B/E AMT 5.00000000 | 0.005204 | | | MD CMNTY DEV-D-2 | 0.005135 | | | UNITED AIRLINES INC 4.0% 07-15-29 | 0.005107 | | | WASTE MANAGEMENT INC (MPT) 3.45% 11-01-44 | 0.005076 | | | NEW YORK NY REGD V/R B/E 2.65000000 | 0.005075 | | | NORTH CAROLINA ST HSG FIN AGYM REGD V/R B/E 5.00000000 | 0.004917 | | | TX TMGUTL 01/01/2054 | 0.004815 | | | FARM N MEX PCR 0% 6/1/2040 MT | 0.004764 | | | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Refunding Series 2024B | 0.004620 | ✓ | | DFW ARPT 5% 11/1/2031 @ | 0.004612 | | | FLORIDA DEV FIN CORP HLTHCAREFACS REVENUE | 0.004581 | | | City of Atlanta GA Department of Aviation | 0.004563 | | | TN TNSUTL 05/01/2053 | 0.004354 | | | City of Philadelphia PA Airport Revenue | 0.004342 | | | FAIRFAX C VA 5% 1/1/2045 MT | 0.004323 | | | WASTE MANAGEMENT INC (MPT) 3.45% 10-01-41 | 0.004255 | ✓ | | NORTH BLOCK ASSOCIATES LLC HUD SECT 8 FHA 221(D)(4) (MPT) 3.4% 02-01-29 | 0.004249 | | | COUNTY OF TRIMBLE KY TRMENV 06/33 FIXED 3.75 | 0.004234 | | | ARKANSAS DEV FIN AUTH ENVIRONM REGD V/R B/E AMT 4.00000000 | 0.004223 | | | MOBILE PCR-VAR-AL PWR | 0.004192 | | | MTRO WA DC ARPT 5% 10/1/2031 @ | 0.004155 | | | LEHIGH PA_IDA 3% 9/1/2029 | 0.004146 | ✓ | | INDIANAPOLIS IN LOCAL PUBLIC I REGD N/C B/E AMT 5.00000000 | 0.004125 | | | State of Illinois, Series C | 0.004124 | ✓ | | NORTHWESTERN CORP 3.875% 07-01-28 | 0.004114 | | | HOUSTON-UTL SYS-B-REF | 0.004101 | | | DE ST EDA 3.60% 1/1/31 | 0.004093 | | | PEFA INC VAR | 0.004075 | | | TENNERGY CORP TN GAS REVENUE TENNERGY CORP/TN | 0.004035 | | | NY TRANS CORP 5% 1/1/2032 @ | 0.004010 | | | SOUTHEAST ENERGY-F | 0.003984 | | | SOUTHEAST ENERGY AUTH VAR | 0.003963 | | | South Carolina Jobs-Economic Development Authority, Series 2023A | 0.003914 | | | MTRO WA DC ARPT 5% 10/1/2035 @ | 0.003899 | | | NYC HSG DEV CORP-F-2A | 0.003825 | | ## Sources - N-PORT (fund A) — accession `0000820892-26-000163` (as of 2026-03-31) - N-PORT (fund B) — accession `0000940400-26-025147` (as of 2026-04-30) --- _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 _