# Portfolio overlap — SHYMX vs FSMB Comparing **SHORT DURATION MUNICIPAL FUND** (2026-02-28) and **First Trust Short Duration Managed Municipal ETF** (2026-04-30). - Shared positions: 32 - SHORT DURATION MUNICIPAL FUND covered by First Trust Short Duration Managed Municipal ETF: 0.06451678789432488345265056038 - First Trust Short Duration Managed Municipal ETF covered by SHORT DURATION MUNICIPAL FUND: 0.06451678789432488345265056039 ## SHORT DURATION MUNICIPAL FUND — top positions | Security | Weight | Shared | |----------|--------|--------| | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Refunding Series 2025A | 0.024919 | ✓ | | KS AND 3.5 10/01/2028 | 0.013983 | | | DALLAS TX HSG FIN CORP CITY OF DALLAS HOUSING FINANCE CORP | 0.011921 | | | TENNERGY CORP TN GAS REVENUE TENNERGY CORP/TN | 0.010921 | ✓ | | Alachua County Housing Finance Authority | 0.009910 | | | SALT VERDE FNL CORP | 0.009845 | | | SOUTHEAST ENERGY-E | 0.009792 | | | METROWEST MA REGL TRANSIT AUTH METROWEST REGIONAL TRANSIT AUTHORITY | 0.009215 | | | MAIN STR NAT GA 5% MT | 0.008877 | | | CALIFORNIA HSG FIN AGY LTD OBLIG MF HSG REVENUE | 0.008411 | | | NEW YORK NY | 0.008273 | | | KNOXVILLE TN CMNTY DEV CORP MF REVENUE | 0.008210 | | | TULSA OK CITY OF TULSA OK | 0.007625 | | | Tarrant County Housing Finance Corp., Series 2025 | 0.007562 | ✓ | | DEL SUR FAMILY HOUSING LP (MPT) 5.0% 05-01-54 | 0.007548 | | | WASTE MANAGEMENT INC (MPT) 4.6% 10-01-53 | 0.007495 | | | MI HDA CLARK ROAD SR | 0.007470 | | | MICHIGAN ST HSG DEV AUTH RENTA MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY | 0.007176 | | | MIAMI-DADE MFH 3.4% 1/1/2045 | 0.006848 | | | HOMER NY CENTRL SCH DIST HOMER CENTRAL SCHOOL DISTRICT | 0.006793 | | | ARLINGTON TX HSG FIN CORP MF H ARLINGTON HOUSING FINANCE CORP | 0.006791 | | | CASS WTR RESOURCE-A | 0.006784 | ✓ | | NYC HSG DEV CORP-F-2A | 0.006784 | ✓ | | DEUTSCHE-SPEARS-8070 | 0.006510 | | | FLORIDA ST HSG FIN CORP MF MTGE REVENUE | 0.006423 | | | WISCONSIN ST HLTH & EDUCTNL FA WISCONSIN HEALTH & EDUCATIONAL FACILITIES AUTHORIT | 0.006144 | | | LONG ISLAND PWR-B | 0.006091 | | | KENTUCKY ST HSG CORP MF REVENU REGD V/R B/E HUD SEC 5.00000000 | 0.005863 | | | DALTON GA HSG AUTH MF HSG REVE DALTON HOUSING AUTHORITY | 0.005557 | | | MAIN STR NAT GA 0% 8/1/2052 | 0.005471 | | | MS BUS FIN-VAR-J-CHEV | 0.005425 | | | GRANITE CITY IL SOL WST DISP R REGD N/C B/E AMT 1.25000000 | 0.005407 | | | District of Columbia Housing Finance Agency, Series B | 0.005299 | | | WI HLTH & EDL FACS-A | 0.005004 | | | State of Illinois, Series D | 0.004953 | | | DURHAM N C HSG AUTH MULTIFAMILY HSG REV ADJ%, DUE 04/01/2029 | 0.004944 | | | NY HAMILTON CLG BC26-1002 Q=BC D7 | 0.004944 | | | COLORADO ST HLTH FACS AUTH REV REGD V/R B/E 5.00000000 | 0.004909 | ✓ | | County of Allen OH Hospital Facilities Revenue | 0.004887 | | | TX DEPT OF HSG & CMNT | 0.004884 | | | Columbia Industrial Development Board, Series 2014 D | 0.004860 | | | HOPEWELL VLY NJ REGL SCH DIST HOPEWELL VALLEY REGIONAL SCHOOL DISTRICT | 0.004823 | | | PENNSYLVANIA ST HSG FIN AGY MF REGD V/R B/E HUD SEC 3.15000000 | 0.004792 | | | TX DEPT HSG & CMNTY | 0.004774 | | | NEW JERSEY ST ECON DEV AUTH REVENUE | 0.004757 | | | TX NSDSCD 08/01/2054 | 0.004749 | | | VIRGINIA ELECTRIC AND POWER CO (MPT) 3.125% 11-01-35 | 0.004746 | | | S MIAMI FL HLTH FACS AUTH CITY OF SOUTH MIAMI HEALTH FACILITIES AUTHORITY IN | 0.004663 | | | GLENVILLE HILL FIRE DIST IN TH GLENVILLE HILL FIRE DISTRICT NO 8 | 0.004649 | | | NY MTATRN 5 11/15/2031 | 0.004648 | | ## 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 `0002048251-26-003431` (as of 2026-02-28) - N-PORT (fund B) — accession `0000940400-26-025147` (as of 2026-04-30) --- _Informational only — not investment advice. 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