# Portfolio overlap — WFUSX vs FSMB Comparing **Allspring Ultra Short-Term Municipal Income Fund** (2026-03-31) and **First Trust Short Duration Managed Municipal ETF** (2026-04-30). - Shared positions: 22 - Allspring Ultra Short-Term Municipal Income Fund covered by First Trust Short Duration Managed Municipal ETF: 0.04614495768788422644949732148 - First Trust Short Duration Managed Municipal ETF covered by Allspring Ultra Short-Term Municipal Income Fund: 0.04614495768788422644949732148 ## Allspring Ultra Short-Term Municipal Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | LEE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/FL V7 | 0.015073 | | | JP MORGAN CHASE PUTTERS/DRIVERS TRUST VARIOUS STATES | 0.014043 | | | PRT ARTHR TX MTVA10E Q=SELF V7 | 0.014043 | | | ROSWELL GA HSG AUTH | 0.011796 | | | MAIN STR NAT GA 0% 8/1/2052 | 0.011210 | | | TNDR-FLTRS-BAML6047 | 0.009872 | | | OREGON ST HSG & CMNTY SVCS DEPT MTGE REVENUE | 0.009676 | | | Los Angeles (City of), CA, Series 2025, RN | 0.009416 | ✓ | | COLORADO ST HLTH FACS AUTH REV REGD V/R B/E 2.65000000 | 0.009362 | | | CONNECTICUT HSG FIN AUTH HSG MTGE FIN PROGRAM | 0.009362 | | | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES | 0.009362 | | | NEW YORK ST HSG FIN AGY REVENUE | 0.009344 | | | INDIANA ST FIN AUTH ENVRNMNTL REVENUE | 0.008520 | | | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES | 0.007490 | | | TX SANUTL 02/01/2055 | 0.007450 | | | TX DALAPT 11/01/2050 | 0.007408 | | | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES | 0.007022 | | | COLORADO ST HLTH FACS AUTH REV REGD V/R B/E 5.00000000 | 0.006890 | ✓ | | JPM-PUTTERS-MIZ9245 | 0.006869 | | | NY MTA TRANSP 5% 11/15/2026 | 0.006653 | | | RURAL WTR FING AGY KY PUBLIC P RURAL WATER FINANCING AGENCY | 0.006554 | | | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES | 0.006553 | | | IL U CHIC MED CTR 09D1 L=TD V1 | 0.006553 | | | CALIFORNIA CMY 2026 XM1346 D1 | 0.006366 | | | CENTRL BRADFORD PROGRESS AUTHPA | 0.006362 | | | Tender Option Bond Trust Receipts/Certificates | 0.006085 | | | WHITING IN ENVRNMNTL FACS REVE REGD V/R B/E AMT 5.00000000 | 0.005994 | ✓ | | NEWARK NJ | 0.005662 | | | PINELLAS CO HSG FIN | 0.005654 | | | NYC HSG DEV CORP-A-2 | 0.005619 | | | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES | 0.005617 | | | GAINESVILLE FL UTILITIES SYS R GAIUTL 10/42 ADJUSTABLE VAR | 0.005608 | | | ALLGNY CNTY HDA 0% 11/15/2047 | 0.005577 | | | WISCONSIN ST HSG & ECON DEV AUTH HOME OWNERSHIP REVENUE | 0.005463 | | | TNDR OPT-FLTRS-XX1441 | 0.005266 | | | IN FIN REV 5% 2/1/2030 | 0.005022 | | | Dallas Independent School District, Series 2026B | 0.005005 | | | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES | 0.004934 | | | MO HLTH & EDU FACS AU | 0.004891 | ✓ | | TENDER OPTION BOND TRUST RECEI TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES | 0.004842 | | | County of Allen OH Hospital Facilities Revenue | 0.004800 | | | PARK CITY KS 3.625% 10/1/2027 | 0.004780 | | | NY TRANS CORP 5% 1/1/2027 @ | 0.004746 | | | NTHSIDE TX ISD 3.55% MT | 0.004740 | | | OKLAHOMA HSG FIN AGY COLLATERALIZED REVENUE BONDS | 0.004702 | | | BRISTOL-WAR RI 5% 06/04/26 BAN | 0.004700 | | | Long Island Power Authority, Series 2025B | 0.004684 | | | TNDR OPT-A-VRS212 | 0.004681 | | | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES | 0.004681 | | | NEW YORK CITY NY MUNI WTR FIN REGD V/R B/E 2.50000000 | 0.004681 | | ## 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 `0001410368-26-052360` (as of 2026-03-31) - N-PORT (fund B) — accession `0000940400-26-025147` (as of 2026-04-30) --- _Informational only — not investment advice. 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