# Portfolio overlap — TFCAX vs BSMP Comparing **SIMT Tax-Free Conservative Income Fund** (2026-03-31) and **Invesco BulletShares 2025 Municipal Bond ETF** (2025-11-30). - Shared positions: 4 - SIMT Tax-Free Conservative Income Fund covered by Invesco BulletShares 2025 Municipal Bond ETF: 0.03934821274795450666339573874 - Invesco BulletShares 2025 Municipal Bond ETF covered by SIMT Tax-Free Conservative Income Fund: 0.03934821274795450666339573874 ## SIMT Tax-Free Conservative Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | IOWA ST FIN AUTH MIDWESTERN EC IOWA FINANCE AUTHORITY | 0.036174 | | | SAINT LUCIE CNTY FL POLL CONTR COUNTY OF ST LUCIE FL | 0.034245 | | | LINCOLN NEB COML PAPER IAM 189 | 0.024116 | | | COLORADO ST HLTH FACS AUTH REVENUE | 0.021704 | | | KS SPL OBLG VAR-E | 0.019775 | | | ILLINOIS ST FIN AUTH REVENUE ILLINOIS FINANCE AUTHORITY | 0.019293 | | | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE | 0.018328 | | | TENDER OPTION BOND TRUST RECEI TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES | 0.017991 | | | SOUTH DAKOTA ST HSG DEV AUTH SOUTH DAKOTA HOUSING DEVELOPMENT AUTHORITY | 0.017894 | | | Sports & Exhibition Authority of Pittsburgh & Allegheny County, Series 2007-A | 0.017364 | | | RBC MUNI PRODUCTS INC TRUST RBC MUNICIPAL PRODUCTS INC TRUST | 0.016881 | | | MASSACHUSETTS ST WTR RES AUTH COML PAPER IAM | 0.016396 | | | Harris County Cultural Education Facilities Finance Corp., Series 2024F | 0.015434 | | | CONNECTICUT ST HSG FIN AUTH HS CONNECTICUT HOUSING FINANCE AUTHORITY | 0.015434 | | | Clackamas & Washington Counties School District No. 3, Series 2025 | 0.014539 | | | COLORADO ST BRD OF GOVERNORS UNIV ENTERPRISE SYS REVENUE | 0.014470 | ✓ | | UNIVERSITY TEX COML PAPER IAM 19 | 0.014468 | | | TEXAS ST STATE OF TEXAS | 0.013987 | ✓ | | HOUSTON TX UTILITY SYS REVENUE CITY OF HOUSTON TX COMBINED UTILITY SYSTEM REVENUE | 0.013987 | ✓ | | UNIVERSITY TEX PERM UNIV FD COML PAPER IAM | 0.013985 | | | TEXAS A & M UNIV COML PAPER IAM | 0.013985 | | | COLORADO SPRINGS CO UTILITIES CITY OF COLORADO SPRINGS CO UTILITIES SYSTEM REVEN | 0.013891 | | | WATERFORD MI SCH DIST WATERFORD SCHOOL DISTRICT/MI | 0.013531 | | | SOUTH CAROLINA ST JOBS-ECON DE SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY | 0.013505 | | | SOUTH DAKOTA ST HSG DEV AUTH SOUTH DAKOTA HOUSING DEVELOPMENT AUTHORITY | 0.013095 | | | NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS VAR 06/15/2050 | 0.012902 | | | WISCONSIN ST HSG & ECON DEV AU WISCONSIN HOUSING & ECONOMIC DEVELOPMENT AUTHORITY | 0.012154 | | | NEW YORK ST HSG FIN AGY NEW YORK STATE HOUSING FINANCE AGENCY | 0.012058 | | | ILLINOIS ST HSG DEV AUTH REVEN ILLINOIS HOUSING DEVELOPMENT AUTHORITY | 0.011093 | | | WARREN MI CONSOL SCH DIST WARREN CONSOLIDATED SCHOOLS | 0.010389 | | | Loudoun County Economic Development Authority, Series 2013A | 0.010129 | | | Utah Water Finance Agency, Series B-2 | 0.010056 | | | MA BED 4 04/09/2027 | 0.009795 | | | Town of Hingham | 0.009764 | | | MIAMI-DADE CO-B-REF | 0.009764 | | | DIST OF COLUMBIA INCOME TAX SE DISTRICT OF COLUMBIA INCOME TAX REVENUE | 0.009686 | | | Charleston County School District | 0.009646 | | | CONNECTICUT HSG FIN AUTH HSG MTGE FIN PROGRAM | 0.009646 | | | MASSACHUSETTS BAY TRANSN AUTH MASS COML PAPER | 0.009646 | | | WV HOSP FIN AUTH-C | 0.009574 | | | Fairfax County Industrial Development Authority | 0.009429 | | | E CO AWP JT PWRS-A-1 | 0.009262 | | | King & Snohomish Counties School District No 417 Northshore, Series 2025, GO Bonds | 0.009195 | | | SAN ANTONIO TX MUNI COMMERICAL PAPER | 0.009165 | | | WASHINGTON ST HSG FIN COMMISSI WASHINGTON STATE HOUSING FINANCE COMMISSION | 0.009164 | | | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE | 0.008537 | | | TENDER OPTION BOND TRUST RECEI TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES | 0.008537 | | | TX LDPMFH 04/01/2043 | 0.008436 | | | MET TRANSPRTN AUTH NY REVENUE METROPOLITAN TRANSPORTATION AUTHORITY | 0.008199 | | | UNIV OF CONNECTICUT CT UNIVERSITY OF CONNECTICUT | 0.007886 | | ## Invesco BulletShares 2025 Municipal Bond ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | NYC TRANS FIN AUTH-B4 | 0.025069 | | | NEW YORK CITY NY HSG DEV CORP MF HSG REVENUE | 0.023565 | | | Bay Area Toll Authority (San Francisco Bay Area) | 0.022061 | | | NEW YORK ST HSG FIN AGY REVENU REGD V/R B/E 2.35000000 | 0.022061 | | | NYC MUNI WTR FIN-CC-2 | 0.020396 | | | New York (City of), NY Municipal Water Finance Authority, Series 2014 AA-6, VRD RB | 0.020055 | | | MET TRANSPRTN AUTH NY DEDICATED TAX FUND | 0.020055 | | | TEXAS ST STATE OF TEXAS | 0.020055 | ✓ | | New York (City of), NY Municipal Water Finance Authority | 0.018050 | | | MA ST DEV FIN AGY REV BOSTON UNIV-SER U-6C LOC JPMORGAN | 0.017950 | | | State of Illinois, Series 2017A | 0.016696 | | | Dallas (City of), TX Area Rapid Transit, Series 2016 A, Ref. RB | 0.015042 | | | NEW YORK NY | 0.013337 | | | TEXAS ST-VAR-VETERANS | 0.012033 | | | Pennsylvania Turnpike Commission, Series 2023B | 0.011532 | | | NYC WTR-VAR-FF2-GEN R | 0.010930 | | | NEW YORK NY | 0.010780 | | | Sarpy County School District 037 Gretna Public Schools, Nebraska, General Obligation Bonds, Series 2022B | 0.010544 | | | NYC GO 23A-4 Q=TD V1 | 0.010529 | | | NYC TRANSITIONAL-E4 | 0.010379 | | | City of Atlanta Water & Wastewater, Series 2015 | 0.010291 | | | Indiana (State of) Finance Authority (Parkview Health System), Series 2009, VRD Ref.RB | 0.010278 | | | Metropolitan Water Reclamation District of Greater Chicago, Series A | 0.010228 | | | North Royalton City School District, Series 2017, GO Bonds | 0.010038 | | | Virginia (Commonwealth of) Public Building Authority, Series 2015 A, RB | 0.010034 | | | Alaska Housing Finance Corp. | 0.010028 | | | ILLINOIS ST FIN AUTH REVENUE | 0.010028 | | | COLORADO ST BRD OF GOVERNORS UNIV ENTERPRISE SYS REVENUE | 0.010028 | ✓ | | MET TRANSPRTN AUTH NY REVENUE | 0.010028 | | | Harris County Cultural Education Facilities Finance Corp. (Texas Children's Hospital), Series 2015, VRD RB | 0.010028 | | | New York (State of) Energy Research & Development Authority (Consolidated Edison Co. of New York, Inc.), Subseries 2005 A-2, VRD RB | 0.010028 | | | NYC TRANSTNL-C6-VAR | 0.010028 | | | UNIV WI HOSP 18B Q=JP V1 | 0.010028 | | | IOWA ST FIN AUTH SF MTGE REVENUE | 0.010028 | | | New York (City of), NY Municipal Water Finance Authority, Series 2010 DD, VRD RB | 0.010028 | | | PHILIDELPHIA AUTH-B-1 | 0.010028 | | | California (State of) Housing Finance Agency | 0.010028 | | | HOUSTON TX UTILITY SYS REVENUE CITY OF HOUSTON TX COMBINED UTILITY SYSTEM REVENUE | 0.010028 | ✓ | | Hillsborough County Industrial Development Authority, Series D | 0.010028 | | | CHARLOTTE MECKLENBURG NC HOSP CHAMED 01/37 ADJUSTABLE VAR | 0.010028 | | | NYC GO 13A-3 UQ=MZ V1+ | 0.010028 | | | NJ HLTH VAR-B-VIRTUA | 0.010028 | | | DE VALLEY REGL FIN | 0.010028 | | | AZ HLTH FACS AUTH-C | 0.010028 | | | CT HSG FIN AUTH-C-3 | 0.010028 | | | CHARLOTTE-MECKLENBURG NC HOSPAUTH HLTH CARE SYS REVENUE | 0.010028 | | | Wisconsin (State of) Housing & Economic Development Authority | 0.010028 | | | BAY AREA TOLL-H | 0.010028 | | | NYC TRANS FIN AUTH-A4 | 0.010028 | | | Tarrant County Cultural Education Facilities Finance Corp., Series A | 0.010028 | | ## Sources - N-PORT (fund A) — accession `0002048251-26-004562` (as of 2026-03-31) - N-PORT (fund B) — accession `0001657201-26-000161` (as of 2025-11-30) --- _Informational only — not investment advice. 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