# Portfolio overlap — SCMB vs VTES Comparing **Schwab Municipal Bond ETF** (2026-03-31) and **VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF** (2026-02-28). - Shared positions: 1430 - Schwab Municipal Bond ETF covered by VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF: 0.1386763628310323884292413072 - VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF covered by Schwab Municipal Bond ETF: 0.1386763628310323884292413076 ## Schwab Municipal Bond ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | NEW YORK NY | 0.002702 | | | MASSACHUSETTS ST | 0.002519 | | | Gwinnett County School District, Series 2025, GO Bonds | 0.002481 | | | NEW YORK-G-G-1 | 0.002406 | | | PENNSYLVANIA ST-1ST | 0.002368 | | | NASHVILLE& DAVIDSON-A | 0.002365 | | | NEW YORK NY | 0.002249 | ✓ | | NYC TRANSITIONAL-F-1 | 0.002226 | | | State of California Department of Water Resources | 0.002192 | | | State of Oregon Department of Transportation, Series 2024A | 0.002113 | | | NYC TRANSITIONAL-S-1A | 0.002043 | | | GWINNETT GA SD 5% 2/1/2032 | 0.002013 | ✓ | | LOS ANGELES UNIF SD-A | 0.001979 | | | WASHING ST -C | 0.001973 | | | Pennsylvania Turnpike Commission, Series 2023-1 | 0.001935 | | | NEW YORK CITY NY MUNI | 0.001919 | | | State of California | 0.001914 | | | Louisville & Jefferson County Metropolitan Sewer District, Series 2024A | 0.001913 | | | MASSACHUSETTS ST | 0.001827 | | | MASSACHUSETTS ST DEV FIN AGY R REGD N/C B/E 5.00000000 | 0.001798 | | | Washington (State of), Series 2018 C, GO Bonds | 0.001747 | | | State of Maryland, Series 2023A | 0.001726 | | | IN FIN REV 5% 2/1/2039 | 0.001706 | | | NYC NY 5% 8/1/2034 | 0.001697 | | | NORTHWEST TX INDEP SCH DIST REGD B/E PSF-GTD 5.00000000 | 0.001695 | | | STATE OF CALIFORNIA 5.0% 04-01-49 | 0.001695 | | | MTA HUDSON RAIL YRD-A | 0.001687 | | | State of Connecticut 4.00% 01/15/2035 | 0.001663 | | | STATE OF CALIFORNIA 5.0% 09-01-31 | 0.001652 | ✓ | | UNIV CA REGENTS-CE | 0.001643 | | | NY STATE UR D 5% 3/15/2036 | 0.001631 | | | NEW YORK ST DORM AUTH SALES TAX REVENUE | 0.001612 | ✓ | | Highland Park Independent School District, Series 2024 | 0.001612 | | | PRIV CLGS & UNIVS AUTH GA | 0.001611 | | | NYC WTR 5.25% 6/15/55 | 0.001611 | | | County of Wake, Series 2023A | 0.001608 | | | ILLINOIS FN RV 5% 4/1/2034 | 0.001604 | | | NYC TRANSITIONAL-E-1 | 0.001595 | | | City of Alexandria | 0.001587 | | | MA ST-A | 0.001572 | | | State of California, Series 2024 | 0.001565 | | | State of Connecticut | 0.001548 | ✓ | | UNIV OF CA REGENTS-BQ | 0.001545 | ✓ | | WA ST-SER R-2023A-REF | 0.001545 | | | OH TPK 5% 2/15/2046 | 0.001538 | | | Chicago Transit Authority, Series A | 0.001525 | | | NEW YORK-D | 0.001519 | | | GREAT LAKES WTR 5.25% 7/1/2047 | 0.001515 | | | WILLIAMSON CO-NTS | 0.001512 | | | Texas Water Development Board, Series 2020 | 0.001512 | | ## 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 `0001410368-26-050059` (as of 2026-03-31) - 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 _