# Portfolio overlap — PRMDX vs FSMB Comparing **T. Rowe Price Maryland Short-Term Tax-Free Bond Fund** (2026-02-28) and **First Trust Short Duration Managed Municipal ETF** (2026-04-30). - Shared positions: 4 - T. Rowe Price Maryland Short-Term Tax-Free Bond Fund covered by First Trust Short Duration Managed Municipal ETF: 0.01723077759100755797029289803 - First Trust Short Duration Managed Municipal ETF covered by T. Rowe Price Maryland Short-Term Tax-Free Bond Fund: 0.01723077759100755797029289803 ## T. Rowe Price Maryland Short-Term Tax-Free Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION | 0.023653 | | | COUNTY OF BALTIMORE MD | 0.023250 | | | RESTRUCTURED-SER A1 | 0.019368 | | | State of Maryland, Series 2017 | 0.016933 | | | PUERTO RICO SALES TAX FING COR REGD ZCP OID B/E 0.00000000 | 0.016932 | | | State of Maryland Department of Transportation, Series 2017 | 0.016885 | | | State of Maryland, Series 2017A | 0.016704 | | | State of Maryland Department of Transportation, Series 2018 | 0.015613 | | | RESTRUCTURED-SER A1 | 0.014959 | | | MARYLAND ST HLTH & HGR EDUCTNL REGD V/R B/E 5.00000000 | 0.014677 | | | State of Maryland Department of Transportation, Series 2025, RB | 0.014293 | | | County of Prince George's, Series 2020B | 0.014019 | | | COUNTY OF HOWARD MD | 0.012542 | | | County of Montgomery, Series 2017D | 0.012522 | | | Maryland (State of) Stadium Authority (Baltimore City Public Schools), Series 2016, RB | 0.012408 | | | MARYLAND HLTH HGR-REF | 0.011642 | | | State of Maryland Department of Transportation, Series 2017 | 0.011615 | | | MARYLAND ST STA 5% 6/1/2026 | 0.011489 | | | MD EDC 0% 10/1/2036 MT | 0.011476 | ✓ | | PRINCE GEOR MD 5% 7/15/2027 | 0.011471 | | | COUNTY OF BALTIMORE MD | 0.011456 | | | MARYLAND STATE TRANSPORTATION AUTHORITY PASSENGER FACILITY CHARGE REVENUE | 0.011061 | | | Maryland State Transportation Authority, Series 2021A | 0.010788 | | | MARYLAND ST STADIUM AUTH REVENUE | 0.010366 | | | UNIVERSITY SYSTEM OF MARYLAND | 0.010356 | | | County of Baltimore, Series 2015 | 0.010062 | | | COUNTY OF CHARLES MD | 0.009827 | | | STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION | 0.009789 | | | COUNTY OF CHARLES MD | 0.009543 | | | MD CMNTY DEV-D-2 | 0.009051 | ✓ | | State of Maryland Department of Transportation, Series 2021, RB | 0.008998 | | | MARYLAND ECONOMIC DEVELOPMENT CORP | 0.008919 | | | WASHINGTON SUBURBAN SANITARY COMMISSION | 0.008791 | | | MARYLAND STATE TRANSPORTATION AUTHORITY PASSENGER FACILITY CHARGE REVENUE | 0.008760 | | | State of Maryland, Series 2018A | 0.008494 | | | COUNTY OF PRINCE GEORGE'S MD | 0.008403 | | | State of Maryland, Series 2020A-1 | 0.008240 | | | State of Maryland, Series 2017B | 0.008180 | | | MARYLAND DEPARTMENT OF HOUSING & COMMUNITY DEVELOPMENT | 0.008124 | | | Prince George's (County of), MD, Series 2020 A, GO Bonds | 0.007855 | | | MARYLAND STATE TRANSPORTATION AUTHORITY | 0.007774 | | | STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION | 0.007661 | | | State of Maryland, Series 2A | 0.007636 | | | State of Maryland, Series 2025B | 0.007621 | | | MARYLAND ECONOMIC DEVELOPMENT CORP | 0.007562 | | | State of Maryland Department of Transportation, Series 2021B | 0.007557 | | | State of Maryland, Series 2020 | 0.007481 | | | State of Maryland Department of Transportation, Series 2019 | 0.007467 | | | Montgomery (County of), MD, Series 2018 A, GO Bonds | 0.007408 | | | MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION | 0.007344 | | ## 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 `0001099263-26-004395` (as of 2026-02-28) - 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 _