# Portfolio overlap — NIMAX vs LSMSX Comparing **Neuberger Berman Municipal Impact Fund** (2026-01-31) and **Western Asset SMASh Series TF Fund** (2026-02-27). - Shared positions: 4 - Neuberger Berman Municipal Impact Fund covered by Western Asset SMASh Series TF Fund: 0.02170909520539154835187661836 - Western Asset SMASh Series TF Fund covered by Neuberger Berman Municipal Impact Fund: 0.02170909520539154835187661835 ## Neuberger Berman Municipal Impact Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | PHILADELPHIA REDEV-A | 0.020923 | | | MAIN STR NAT GA 5% MT | 0.019479 | | | PHILADELPHIA PA AUTH FOR INDLDEV CITY SVC AGREEMENT REVENUE | 0.017566 | | | GADSDEN-A-WARRANTS | 0.017217 | | | Miami-Dade County, Florida, Water and Sewer System Revenue Bonds, Series 2025A | 0.016988 | | | NY NYCUTL 5.25 06/15/2054 | 0.016588 | | | TX WTR DEV BRD-A -REV | 0.016311 | | | DALLAS TX INDEP SCH DIST | 0.014863 | | | NYC MUNI WTR FIN-DD | 0.014427 | | | ANNA TX ISD 4.125% 2/15/2053 | 0.014365 | | | WILDWOOD UTILITY DEPENDENT DIST FL UTILITY REVENUE | 0.014157 | | | NEW YORK ST DORM AUTH REVENUES REGD B/E AG ST A 5.00000000 | 0.014153 | | | DES MOINES IA MET WSTWTR RECLAMATION AUTH SWR REVENUE | 0.014123 | | | DISCOVERY CLEAN WTR ALLIANCE WA SWR REVENUE | 0.014099 | | | ST. LOUIS BOE | 0.013947 | | | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE | 0.013798 | | | NEWBERRY INVESTING IN CHILDRENS EDU SC INSTALLMENT PURCHASE | 0.013791 | | | S E ENERGY-B-REV | 0.013783 | | | NM MUNI ENERGY ACQ AU | 0.013548 | ✓ | | TRENTON MI PUBLIC SCHS SCH DIST | 0.013518 | | | MAIN STR NAT GA 5% MT | 0.013486 | | | Salt River Project Agricultural Improvement & Power District, Series 2025, RB | 0.013481 | | | Oklahoma County Finance Authority | 0.013438 | | | KENT MI HOSP FIN AUTH REVENUE | 0.013424 | | | RAPIDES PARISH LA CONSOL SCH DIST #62 | 0.013387 | | | WESLACO TX | 0.013340 | | | EAST BATON ROUGE PARISH LA SCH BRD | 0.013243 | | | TX WTR DEV BRD -REV | 0.013235 | | | TN TNSUTL 05/01/2053 | 0.013165 | ✓ | | NTHRN IN COMMUTER-REV | 0.013137 | | | MN AGRIC ECON DEVBRD | 0.013078 | | | DEARBORN MI | 0.013076 | | | BI-ST DEV AGY OF THE MO-IL MET DIST MASS TRANSIT SALES TAX A | 0.012997 | | | WEST VIRGINIA ST WTR DEV AUTH WTR DEV REVENUE | 0.012985 | | | COOK CNTY IL CMNTY CONSOL SCHDIST #21 WHEELING | 0.012956 | | | NEW YORK CITY NY HSG DEV CORP MF HSG REVENUE | 0.012891 | | | Metropolitan Atlanta Rapid Transit Authority, Series 2016 B, Ref. RB | 0.012852 | | | LOGAN/TODD KY REGL WTR COMMISSION REVENUE | 0.012841 | | | EP TUSCANY ZARAGOSA PFC TX EPTMFH 12/33 FIXED OID 4 | 0.012801 | | | YSLETA TX INDEP SCH DIST | 0.012783 | | | SOUTH CAROLINA ST HSG FIN & DEV AUTH MF REVENUE | 0.012731 | | | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE | 0.012708 | | | MI STRAT FND 4% MT@ | 0.012695 | | | COOK CNTY IL CMNTY CONSOL SCHDIST #21 WHEELING | 0.011966 | | | TEXAS ST WTR DEV BRD | 0.010753 | | | DAVIESS CNTY KY SCH DIST FIN CORP | 0.010510 | | | SOUTHEAST ENERGY-D | 0.010500 | | | TRENTON MI PUBLIC SCHS SCH DIST | 0.010459 | | | GULFPORT MS HOSP FAC REVENUE | 0.010258 | | | JOHNSTON CNTY OK EDUCTNL FACSAUTH EDUCTNL FACS LEASE REV | 0.010210 | | ## Western Asset SMASh Series TF Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | NYC-D4-ADJ | 0.036862 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB | 0.023821 | | | ILLINOIS ST FIN AUTH REVENUE | 0.023551 | | | STATE OF NEW JERSEY NATL 0.0% 12-15-31 | 0.021980 | | | NYC MUNI WTR FIN-BB | 0.021802 | | | CALIFORNIA COMMUNITY VAR | 0.019613 | | | MET NASHVILLE TN ARPT AUTH ARPT REVENUE | 0.016061 | | | PENNSYLVANIA ST ECON DEV FING REGD OID B/E AMT 5.25000000 | 0.014067 | | | State of Illinois | 0.013779 | | | NOVANT HEALTH OBLIGATED GROUP 5.0% 12-01-35 | 0.011782 | | | Energy Southeast A Cooperative District, Series B-1 | 0.011553 | | | CTR PLN ENG GAS 5% 9/1/2033 | 0.011518 | | | CTR TX RMA 4% 1/1/2051 | 0.011517 | | | CHICAGO IL BRD OF EDU CHIEDU 12/40 FIXED 5 | 0.011384 | | | Public Energy Auth. of Kentucky Gas Supply Rev. Refg. C | 0.011265 | | | OR FACS AUTH-B-REF | 0.011263 | ✓ | | IL CHI 5.5 01/01/2039 | 0.011056 | | | New York State Urban Development Corp. (Bidding Group 3), Series 2023 A, RB | 0.010824 | | | NY NYCUTL 5.25 06/15/2052 | 0.010818 | | | NY TRANSPRTN DEV CORP | 0.010749 | | | Chandler Industrial Development Authority | 0.010445 | | | NOVANT HEALTH OBLIGATED GROUP 5.0% 06-01-55 | 0.010268 | | | PUERTO RICO SALES TAX FING COR REGD OID B/E 4.75000000 | 0.009985 | | | PORT NY NJ 4% 7/15/2045 @ | 0.009936 | | | NY MTA DED 4% 11/15/2054 | 0.009504 | | | INDIANA ST FIN AUTH HLTH SYS R INSMED 12/49 FIXED 4 | 0.009484 | | | NYC GO 23A-4 Q=TD V1 | 0.009216 | | | CALIFORNIA COMMUNITY VAR | 0.009145 | | | NY TRANSPRTN DEV -AMT | 0.008573 | | | CHICAGO IL BRD OF EDU REGD B/E 5.00000000 | 0.008279 | | | Black Belt Energy Gas District (The) (Gas), Series 2022 F, RB | 0.008194 | | | CHICAGO IL BRD OF EDU DEDICATE REGD B/E 5.75000000 | 0.008179 | | | Jefferson (County of), AL, Series 2024, Ref. Revenue Wts. | 0.008148 | | | California Community Choice Financing Authority, Series 2025G | 0.008080 | | | Chandler Industrial Development Authority, Series 2019 | 0.007903 | | | RESTRUCTURED-SER A1 | 0.007798 | | | NY TRANS CORP 5% 6/30/2049 @ | 0.007769 | | | NY TRANS CORP 5% 7/1/46 @ | 0.007683 | | | NY TRANSPRTN DEV -AMT | 0.007675 | | | ELGIN TX ISD 4% 8/1/2049 | 0.007304 | | | WV HOSP FIN AUTH-C | 0.007168 | | | Van Alstyne Independent School District | 0.007113 | | | New York City Housing Development Corp | 0.006740 | | | St. John the Baptist (Parish of), LA (Marathon Oil Corp.), Series 2017, Ref. RB | 0.006252 | | | Oneida County Local Development Corp., Series A | 0.005978 | | | LONGVIEW TX ISD 4% 2/15/2049 | 0.005852 | | | DENVER CO ARPT 5% 11/15/2032 @ | 0.005827 | | | Black Belt Energy Gas District, Series D | 0.005689 | | | MTRO WA DC ARPT 5% 10/1/2030 @ | 0.005676 | | | SALT VERDE FINL CORP GAS REV ARIZ SR | 0.005614 | | ## Sources - N-PORT (fund A) — accession `0001410368-26-029182` (as of 2026-01-31) - N-PORT (fund B) — accession `0000940400-26-014628` (as of 2026-02-27) --- _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. 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