# Portfolio overlap — SMB vs IBMP

Comparing **VanEck Short Muni ETF** (2026-01-31) and **iShares iBonds Dec 2027 Term Muni Bond ETF** (2026-01-31).

- Shared positions: 34
- VanEck Short Muni ETF covered by iShares iBonds Dec 2027 Term Muni Bond ETF: 0.03411801722670857334139195621
- iShares iBonds Dec 2027 Term Muni Bond ETF covered by VanEck Short Muni ETF: 0.03411801722670857334139195620

## VanEck Short Muni ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| CALIFORNIA COMMUNITY VAR | 0.016986 |  |
| State of California | 0.010916 |  |
| MASSACHUSETTS ST | 0.010180 |  |
| State of New Jersey | 0.009670 |  |
| KS ST DEV FIN 5% 11/15/2054 | 0.009191 |  |
| NYC HSG DEV CORP-B-2 | 0.008607 |  |
| SOUTHERN CALIFORNIA EDISON CO 1.75% 09-01-29 | 0.007948 |  |
| MA WTR RES REF-BEN-B | 0.007606 |  |
| MUNIBOND | 0.007462 |  |
| MA WTR RES AUTH-C-REF | 0.007382 |  |
| King (County of), WA, Series 2017, Ref. GO Bonds | 0.007220 |  |
| TN ENERGY ACQ CORP-A | 0.007206 |  |
| MAIN STR NAT GA 5% MT | 0.007193 |  |
| Honolulu (City & County of), HI (Honolulu Rail Transit), Series 2020, Ref. GO Bonds | 0.007170 |  |
| California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 D, RB | 0.007090 |  |
| CHICAGO IL-A-REF | 0.007058 |  |
| ORLANDO FL TOURIST DEV TAX REVENUE | 0.006976 |  |
| FORT BEND TX INDEP SCH DIST | 0.006972 |  |
| CONROE TX INDEP SCH DIST | 0.006901 | ✓ |
| LOS ANGELES UNIF SD-A | 0.006359 |  |
| State of Connecticut Special Tax Revenue | 0.006271 |  |
| S E ENERGY COOP DT | 0.006260 |  |
| NJ NJSEDU 07/01/2064 | 0.005638 |  |
| Maryland (State of) (Bidding Group 1), Series 2020 A, GO Bonds | 0.005565 |  |
| State of California, Series 2019 | 0.005545 |  |
| State of North Carolina, Series 2019 | 0.005433 |  |
| NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE | 0.005398 |  |
| OHIO VALLEY ELECTRIC CORP 4.25% 11-01-30 | 0.005367 |  |
| CURATORS OF THE UNIV OF MISSOURI MO SYS FACS REVENUE | 0.005270 |  |
| MESA UTL SYS-REF | 0.005224 |  |
| NY MTA TRANSP 5% 11/15/2031 | 0.005103 |  |
| CA ST UNIV-A | 0.005102 |  |
| PEFA INC VAR | 0.005092 |  |
| KERN CA HIGH SCH DIST | 0.005089 |  |
| MAIN STR NAT GA 4% 3/1/2050 | 0.005061 |  |
| NYC TRANSITIONL-S-1 | 0.004789 |  |
| Allen (County of), OH (Mercy Health), Series 2020, Ref. RB | 0.004574 |  |
| State of California, Series C | 0.004572 | ✓ |
| COLUMBUS OH | 0.004523 |  |
| NY DORM-A-SCH DISTS | 0.004517 |  |
| CTR PLN ENG GAS 5% 9/1/2031 | 0.004468 |  |
| NY TRANS CORP 5% 12/1/2030 | 0.004267 |  |
| MAIN STR NAT GA 4% 07/01/2052 MT | 0.004261 |  |
| CENTRL FL EXPRESSWAY AUTH SR LIEN REVENUE | 0.004214 |  |
| JACKSON CNTY OR SCH DIST #549C | 0.004199 |  |
| North Carolina (State of), Series 2020 A, GO Bonds | 0.004106 |  |
| NYC TRANS FIN-A-E-1 | 0.004093 |  |
| Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2022A-1 | 0.004060 |  |
| Jefferson County School District R-1, Series 2018, GO Bonds | 0.004007 |  |
| STATE OF CALIFORNIA 5.0% 10-01-31 | 0.003871 |  |

## iShares iBonds Dec 2027 Term Muni Bond ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| STATE OF CALIFORNIA 5.0% 04-01-27 | 0.004776 | ✓ |
| State of Michigan, Series 2016 | 0.004540 |  |
| University of California, Series 2025, RB | 0.004263 |  |
| BLKR-LI MUNI-INS | 0.004054 |  |
| GEISINGER PA AUTH HLTH SYS REV GEISINGER AUTHORITY | 0.003897 |  |
| State of New Jersey, Series 2020A | 0.003495 |  |
| El Camino Community College District Fountation (The), Series 2012C | 0.003480 |  |
| NJ TRANSPRTN TRUST-A | 0.003471 |  |
| City of Boston, Series 2015A | 0.003470 |  |
| CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.003372 | ✓ |
| District of Columbia, Series 2019 C, Ref. RB | 0.003148 |  |
| Round Rock Independent School District, Series 2019 A, Ref. GO Bonds | 0.003142 |  |
| State of Illinois, Series D | 0.003049 |  |
| Triborough Bridge & Tunnel Authority, Series 2021C2 | 0.003027 |  |
| SCAGO Educational Facilities Corp. for Pickens School District, Series 2025 | 0.002950 |  |
| State of California 5.00% 04/01/2027 | 0.002672 |  |
| Florida (State of) Department of Environmental Protection (FL Forever), Series 2016 A, Ref. RB | 0.002649 |  |
| NY ST HSG FIN AGY-D-2 | 0.002608 |  |
| MET TRANSPRTN AUTH NY | 0.002577 |  |
| Lansing Board of Water & Light, Series 2026B | 0.002550 |  |
| MIAMI-DADE WTSW 5% 10/1/2027 | 0.002542 |  |
| NEW JERSEY ST ECON DEV AUTH RE REGD N/C B/E 5.00000000 | 0.002508 |  |
| MI FIN AUTH-A-REF | 0.002478 |  |
| Dallas (City of), TX Area Rapid Transit, Series 2019, Ref. RB | 0.002465 |  |
| Bay Area Toll Authority, Series 2017S-7 | 0.002458 |  |
| Ohio Water Development Authority, Series 2019A | 0.002446 |  |
| Alabama (State of) Public School & College Authority (Social Bonds), Series 2020 A, Ref. RB | 0.002402 |  |
| Omaha Public Power District, Series 2016A | 0.002395 |  |
| COLORADO ST HLTH FACS | 0.002392 |  |
| Grand River Dam Authority, Series 2016 A, Ref. RB | 0.002350 |  |
| PREREF ALABAMA FEDERAL AID HIGHWAY FI REGD B/E PREREFUNDED 09/01/27 @ 100 5.00000000 | 0.002334 |  |
| ILL ST TOLL 5% 1/1/2027 | 0.002320 |  |
| NYC TRANSITIONAL FIN | 0.002308 | ✓ |
| NEW YORK NY | 0.002252 |  |
| FLORIDA INSURANCE ASSISTANCE INTERLOCAL AGY | 0.002236 |  |
| State of Minnesota, Series 2021A | 0.002226 |  |
| PENNSYLVANIA ST | 0.002217 | ✓ |
| E-470 Public Highway Authority, Series 2004A | 0.002208 |  |
| Indiana (State of) Finance Authority (CWA Authority), Series 2021, Ref. RB | 0.002175 |  |
| NJ EDA REV 4% 11/1/2027 | 0.002172 |  |
| UNIV OF WASHINGTON WA UNIV REV REGD V/R B/E 4.00000000 | 0.002061 |  |
| Pflugerville Independent School District, Series 2019A | 0.002058 |  |
| RI COMMERCE CORP-B | 0.002043 |  |
| Northside Independent School District, Series 2021 | 0.002023 |  |
| New Jersey Transportation Trust Fund Authority, Series 2022AA | 0.002016 |  |
| Pennsylvania (Commonwealth of), First Series 2017, Ref. GO Bonds | 0.001959 |  |
| VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE 21ST CENTURY | 0.001938 | ✓ |
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2020 A, RB | 0.001915 |  |
| ILLINOIS ST TOLL HIGHWAY AUTH | 0.001900 | ✓ |
| NEW YORK NY REGD N/C B/E 5.00000000 | 0.001894 |  |


## Sources

- N-PORT (fund A) — accession `0001410368-26-033187` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/1137360/000141036826033187/0001410368-26-033187-index.htm>
- N-PORT (fund B) — accession `0002071691-26-007323` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/1100663/000207169126007323/0002071691-26-007323-index.htm>

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