{
  "page": "compare",
  "query": {
    "a": "CAYAX",
    "b": "PCTEX"
  },
  "retrieved_at": "2026-07-07T17:10:57+00:00",
  "disclaimer": "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.",
  "attribution": "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.",
  "terms": {
    "notice": "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.",
    "url": "https://fundwatcher.app/terms/"
  },
  "fund_a": {
    "name": "California High-Yield Municipal Fund",
    "ticker": "CAYAX",
    "slug": "CAYAX",
    "series_id": "S000005667",
    "html_url": "https://fundwatcher.app/funds/CAYAX/"
  },
  "fund_b": {
    "name": "Putnam California Tax Exempt Income Fund",
    "ticker": "PCTEX",
    "slug": "PCTEX",
    "series_id": "S000005498",
    "html_url": "https://fundwatcher.app/funds/PCTEX/"
  },
  "overlap": {
    "coverage_a_by_b": "0.1012190554457825833619434860",
    "coverage_b_by_a": "0.1012190554457825833619434861",
    "shared_count": 64,
    "as_of": {
      "a": "2026-02-28",
      "b": "2025-09-30"
    },
    "a_top": [
      {
        "name": "California Community Choice Financing Authority, Series F",
        "value": "22150888.00",
        "weight": "0.01361300",
        "shared": false
      },
      {
        "name": "California (State of) Infrastructure & Economic Development Bank (Clean Water Revolving Fund) (Green Bonds), Series 2023, RB",
        "value": "15747037.25",
        "weight": "0.00967747",
        "shared": false
      },
      {
        "name": "California (State of) Housing Finance Agency, Series 2021-1A, Revenue Ctfs.",
        "value": "15139612.81",
        "weight": "0.00930417",
        "shared": true
      },
      {
        "name": "LOMA LINDA UNIVERSITY MEDICAL CENTER OBLIGATED GROUP 5.25% 12-01-56",
        "value": "14758057.93",
        "weight": "0.00906968",
        "shared": true
      },
      {
        "name": "PALOMAR HLTH-REF",
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        "weight": "0.00904396",
        "shared": false
      },
      {
        "name": "San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue Bonds, Refunding Series 1997A",
        "value": "13881657.60",
        "weight": "0.00853108",
        "shared": false
      },
      {
        "name": "New Hampshire Business Finance Authority, Series 4, Class A",
        "value": "13332192.13",
        "weight": "0.00819340",
        "shared": true
      },
      {
        "name": "SILICON VLY CA TOBACCO SECURIT SILGEN 06/36 ZEROCPNOID 0",
        "value": "12461671.20",
        "weight": "0.00765842",
        "shared": false
      },
      {
        "name": "CSCDA Community Improvement Authority, Series 2020 A",
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        "weight": "0.00689561",
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      },
      {
        "name": "CSCDA Community Improvement Authority, Series A-2",
        "value": "10830895.40",
        "weight": "0.00665621",
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      },
      {
        "name": "California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2023, RB",
        "value": "10788954.00",
        "weight": "0.00663044",
        "shared": false
      },
      {
        "name": "Paradise Unified School District 4.88% 05/01/2054",
        "value": "10736114.40",
        "weight": "0.00659796",
        "shared": false
      },
      {
        "name": "STHRN CA PUB PWR AUTH",
        "value": "10441322.00",
        "weight": "0.00641680",
        "shared": false
      },
      {
        "name": "CALIFORNIA HSG FIN AGY LTD OBLIG MF HSG REVENUE",
        "value": "10410586.00",
        "weight": "0.00639791",
        "shared": false
      },
      {
        "name": "CA STWD 5% 12/1/2046",
        "value": "9907740.81",
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        "shared": false
      },
      {
        "name": "CA PUB FIN AUTH-B1",
        "value": "9880000.00",
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      },
      {
        "name": "CALIFORNIA COMMUNITY VAR",
        "value": "9696201.07",
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      },
      {
        "name": "California Community Choice Financing Authority, Series F",
        "value": "9523837.21",
        "weight": "0.00585295",
        "shared": true
      },
      {
        "name": "COMMONSPIRIT HEALTH OBLIGATED GROUP 4.0% 04-01-49",
        "value": "8721645.00",
        "weight": "0.00535996",
        "shared": false
      },
      {
        "name": "CA ST MFA REV 5% 11/1/46",
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      },
      {
        "name": "American Century California Municipal Bond ETF",
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        "weight": "0.00503208",
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      },
      {
        "name": "Palomar Pomerado Health System, California, Revenue Bonds, Refunding Series 2016",
        "value": "8176285.43",
        "weight": "0.00502480",
        "shared": false
      },
      {
        "name": "California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB",
        "value": "8154440.13",
        "weight": "0.00501138",
        "shared": false
      },
      {
        "name": "CALIFORNIA ST STWD CMNTYS DEV REGD B/E 5.00000000",
        "value": "7715606.25",
        "weight": "0.00474169",
        "shared": true
      },
      {
        "name": "Foothill-Eastern Transportation Corridor Agency, Series 2021 A, Ref. RB",
        "value": "7577926.40",
        "weight": "0.00465707",
        "shared": false
      },
      {
        "name": "HASTINGS CAMPUS HSG FIN AUTH CA CAMPUS HSG REVENUE",
        "value": "7380392.24",
        "weight": "0.00453568",
        "shared": false
      },
      {
        "name": "CALIFORNIA ST STWD CMNTYS DEV AUTH SPL TAX REVENUE",
        "value": "7376736.81",
        "weight": "0.00453343",
        "shared": false
      },
      {
        "name": "Peninsula Corridor Joint Powers Board Measure RR Sales Tax, Series 2022A",
        "value": "7307664.00",
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      {
        "name": "LOS ANGELES DEPT-C",
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      {
        "name": "City of San Francisco, Series 2023AB",
        "value": "7187346.71",
        "weight": "0.00441704",
        "shared": false
      },
      {
        "name": "CSCDA Community Improvement Authority, California, Essential Housing Revenue Bonds, 1818 Platinum Triangle-Anaheim, Social Bond Series 2021A-2",
        "value": "7147421.25",
        "weight": "0.00439250",
        "shared": true
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      {
        "name": "Alameda Corridor Transportation Authority, Series C",
        "value": "7135112.40",
        "weight": "0.00438494",
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      {
        "name": "CA ST UNIV TRUSTEES-A",
        "value": "6756415.12",
        "weight": "0.00415221",
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      {
        "name": "CA MUNI FIN AUTH",
        "value": "6717927.19",
        "weight": "0.00412856",
        "shared": false
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      {
        "name": "HASTINGS CAMPUS HSG FIN AUTH C REGD B/E 5.00000000",
        "value": "6611965.26",
        "weight": "0.00406344",
        "shared": true
      },
      {
        "name": "Orange County Community Facilities District 5.00% 08/15/2041",
        "value": "6578123.59",
        "weight": "0.00404264",
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      {
        "name": "ROSEVILLE CA SPL TAX",
        "value": "6541321.80",
        "weight": "0.00402002",
        "shared": false
      },
      {
        "name": "CSCDA COMMUNITY IMPROVEMENT AUTHORITY ESCONDIDO PORTFOLIO 4.0% 12-01-59",
        "value": "6507930.00",
        "weight": "0.00399950",
        "shared": false
      },
      {
        "name": "CALIFORNIA STWD CMNTYS DEV AUTH REVENUE",
        "value": "6501418.30",
        "weight": "0.00399550",
        "shared": false
      },
      {
        "name": "TRANSBAY JT PWRS-A",
        "value": "6472710.88",
        "weight": "0.00397786",
        "shared": false
      },
      {
        "name": "BAY AREA TOLL AUTHORITY FRN 04-01-59",
        "value": "6385000.00",
        "weight": "0.00392395",
        "shared": false
      },
      {
        "name": "CSCDA Community Improvement Authority, Series 2021 A-2",
        "value": "6276798.00",
        "weight": "0.00385746",
        "shared": true
      },
      {
        "name": "CALIFORNIA COMMUNITY VAR",
        "value": "6078709.79",
        "weight": "0.00373572",
        "shared": true
      },
      {
        "name": "STHRN CA PUB PWR AUTH",
        "value": "6064710.15",
        "weight": "0.00372712",
        "shared": false
      },
      {
        "name": "CA PUB FIN AUTH-B2",
        "value": "6020000.00",
        "weight": "0.00369964",
        "shared": false
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      {
        "name": "RESTRUCTURED-SER A-2",
        "value": "5811996.72",
        "weight": "0.00357181",
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      {
        "name": "California Infrastructure & Economic Development Bank 5.00% 11/01/2031",
        "value": "5751378.50",
        "weight": "0.00353456",
        "shared": false
      },
      {
        "name": "City of Rialto CA 5.25% 09/01/2060",
        "value": "5716241.80",
        "weight": "0.00351296",
        "shared": false
      },
      {
        "name": "CALIFORNIA ST MUNI FIN AUTH REVENUE",
        "value": "5657914.67",
        "weight": "0.00347712",
        "shared": false
      },
      {
        "name": "HUMANGOOD CALIFORNIA OBLIGATED GROUP 4.0% 10-01-49",
        "value": "5590109.38",
        "weight": "0.00343545",
        "shared": false
      }
    ],
    "b_top": [
      {
        "name": "California State Public Works Board (TOBs)",
        "value": "12087781.82",
        "weight": "0.01861216",
        "shared": false
      },
      {
        "name": "Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2018 A, RB",
        "value": "10070397.00",
        "weight": "0.01550589",
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      },
      {
        "name": "CHANNELSIDE WATER RESOURCES LP 5.0% 11-21-45",
        "value": "9971921.00",
        "weight": "0.01535427",
        "shared": false
      },
      {
        "name": "FREDDIE MAC MULTIFAMILY ML CERTIFICATES SER 2019-ML05 CL ACA 3.35000000",
        "value": "9547926.01",
        "weight": "0.01470142",
        "shared": false
      },
      {
        "name": "Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Senior Green Series 2022G",
        "value": "9147389.40",
        "weight": "0.01408469",
        "shared": false
      },
      {
        "name": "TOBACCO SECURITIZATION AUTH ST TOBGEN 06/48 FIXED 5",
        "value": "8847283.43",
        "weight": "0.01362261",
        "shared": true
      },
      {
        "name": "New Hampshire Business Finance Authority, Series 4, Class A",
        "value": "8587016.74",
        "weight": "0.01322186",
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      },
      {
        "name": "CALIFORNIA COMMUNITY VAR",
        "value": "8372567.25",
        "weight": "0.01289166",
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      },
      {
        "name": "Chabot-Las Positas Community College District, Series C",
        "value": "7454989.50",
        "weight": "0.01147882",
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      },
      {
        "name": "SAN DIEGO HSG AUTH-E",
        "value": "7407898.56",
        "weight": "0.01140631",
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      {
        "name": "CA MUNI FIN AUTH-A",
        "value": "7399096.40",
        "weight": "0.01139276",
        "shared": false
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      {
        "name": "M-S-R Energy Authority, Series A",
        "value": "7358870.40",
        "weight": "0.01133082",
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      {
        "name": "San Francisco City & County Public Utilities Commission Power, Series 2023A",
        "value": "7281961.40",
        "weight": "0.01121240",
        "shared": false
      },
      {
        "name": "Los Angeles Department of Water & Power, Series 2022A",
        "value": "7186922.40",
        "weight": "0.01106606",
        "shared": false
      },
      {
        "name": "CALIFORNIA ST STWD CMNTYS DEV REGD B/E 5.00000000",
        "value": "7084862.40",
        "weight": "0.01090892",
        "shared": false
      },
      {
        "name": "CHF-DAVIS II LLC BAM 3.0% 05-15-51",
        "value": "6875902.40",
        "weight": "0.01058717",
        "shared": false
      },
      {
        "name": "SWEETWATER UNION HIGH SCHOOL D SWESCD 08/52 FIXED 5",
        "value": "6829308.85",
        "weight": "0.01051543",
        "shared": false
      },
      {
        "name": "CALIFORNIA COMMUNITY VAR",
        "value": "6752290.38",
        "weight": "0.01039684",
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      },
      {
        "name": "NRTHRN CA ENRGY",
        "value": "6486700.80",
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      {
        "name": "CA ST MFA COP 5.25% 11/1/2052",
        "value": "6137799.60",
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      {
        "name": "State of California",
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        "weight": "0.00912747",
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      {
        "name": "CA MUN FIN AUTH",
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      {
        "name": "LOS ANGELES DEPT OF W",
        "value": "5836893.52",
        "weight": "0.00898736",
        "shared": false
      },
      {
        "name": "Alameda Corridor Transportation Authority, Series 2022A",
        "value": "5763793.00",
        "weight": "0.00887480",
        "shared": false
      },
      {
        "name": "California Community Choice Financing Authority, Series F",
        "value": "5448405.50",
        "weight": "0.00838918",
        "shared": true
      },
      {
        "name": "CSCDA Community Improvement Authority, Series 2021 A-2",
        "value": "5378152.99",
        "weight": "0.00828101",
        "shared": true
      },
      {
        "name": "Long Beach (City of), CA Bond Finance Authority, Series 2007 A, RB",
        "value": "5338188.50",
        "weight": "0.00821948",
        "shared": false
      },
      {
        "name": "CSCDA Community Improvement Authority, Series A-2",
        "value": "5293881.84",
        "weight": "0.00815126",
        "shared": false
      },
      {
        "name": "CHF-RIVERSIDE I LLC 5.0% 05-15-43",
        "value": "5225181.39",
        "weight": "0.00804547",
        "shared": false
      },
      {
        "name": "California (State of) School Finance Authority (Green Dot Public Schools), Series 2018 A, RB",
        "value": "5204268.83",
        "weight": "0.00801327",
        "shared": true
      },
      {
        "name": "California Community Housing Agency, Series A-1",
        "value": "5184688.00",
        "weight": "0.00798312",
        "shared": false
      },
      {
        "name": "CA MUNI FIN AUTH-A",
        "value": "5050197.00",
        "weight": "0.00777604",
        "shared": false
      },
      {
        "name": "California Infrastructure & Economic Development Bank, Series 2022 B",
        "value": "5022498.00",
        "weight": "0.00773339",
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      },
      {
        "name": "GOLDEN ST TOBACCO SECURITIZATI REGD B/E 5.00000000",
        "value": "4935576.00",
        "weight": "0.00759955",
        "shared": true
      },
      {
        "name": "California County Tobacco Securitization Agency, Series 2014",
        "value": "4852984.00",
        "weight": "0.00747238",
        "shared": false
      },
      {
        "name": "SF BART/MTC 3% 8/1/49",
        "value": "4804550.24",
        "weight": "0.00739781",
        "shared": false
      },
      {
        "name": "Grays Harbor Public Hospital District 1, Washington, Revenue Bonds, Summit Pacific Medial Center Series 2023",
        "value": "4750781.90",
        "weight": "0.00731502",
        "shared": false
      },
      {
        "name": "CALIFORNIA ST HLTH FACS FING AUTH REVENUE",
        "value": "4674062.86",
        "weight": "0.00719689",
        "shared": false
      },
      {
        "name": "FREDDIE MAC MULTIFAMILY ML CERTIFICATES SER 2024-ML25 CL ACA V/R 3.54109800",
        "value": "4669437.25",
        "weight": "0.00718977",
        "shared": false
      },
      {
        "name": "COLBURN SCHOOL (MPT) 1.75% 08-01-55",
        "value": "4534765.56",
        "weight": "0.00698241",
        "shared": false
      },
      {
        "name": "HUMANGOOD CALIFORNIA OBLIGATED GROUP 4.0% 10-01-44",
        "value": "4402904.50",
        "weight": "0.00677937",
        "shared": false
      },
      {
        "name": "City of Los Angeles CA",
        "value": "4388005.28",
        "weight": "0.00675643",
        "shared": false
      },
      {
        "name": "INDIO PUB FING AUTH-A",
        "value": "4324772.80",
        "weight": "0.00665907",
        "shared": false
      },
      {
        "name": "South Tahoe Joint Powers Financing Authority, Series 2023 A, RB",
        "value": "4284876.40",
        "weight": "0.00659764",
        "shared": true
      },
      {
        "name": "California (State of) Educational Facilities Authority (University of the Pacific), Series 2023, RB",
        "value": "4147046.80",
        "weight": "0.00638542",
        "shared": false
      },
      {
        "name": "California Community Housing Agency, Series 2020 A",
        "value": "4021399.26",
        "weight": "0.00619195",
        "shared": false
      },
      {
        "name": "California (State of) School Finance Authority (Granada Hills Charter Obligated Group), Series 2019, RB",
        "value": "4019614.96",
        "weight": "0.00618920",
        "shared": false
      },
      {
        "name": "SAN FRANCISCO BAY-F1",
        "value": "3882803.16",
        "weight": "0.00597855",
        "shared": false
      },
      {
        "name": "Putnam Short Term Investment Fund, Class P",
        "value": "3843562.07",
        "weight": "0.00591813",
        "shared": false
      },
      {
        "name": "S TAHOE CA JT PWRS FING AUTH L STHPWR 10/48 FIXED 5.25",
        "value": "3773588.00",
        "weight": "0.00581038",
        "shared": false
      }
    ]
  },
  "error": null,
  "sources": [
    {
      "label": "N-PORT (fund A)",
      "accession_no": "0001193125-26-189892",
      "as_of": "2026-02-28",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/717316/000119312526189892/0001193125-26-189892-index.htm"
    },
    {
      "label": "N-PORT (fund B)",
      "accession_no": "0002071691-25-006482",
      "as_of": "2025-09-30",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/711402/000207169125006482/0002071691-25-006482-index.htm"
    }
  ]
}