{
  "page": "compare",
  "query": {
    "a": "TTCAX",
    "b": "PWZ"
  },
  "retrieved_at": "2026-07-07T18:34:13+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": "Tax-Exempt Fund of California",
    "ticker": "TTCAX",
    "slug": "TTCAX",
    "series_id": "S000009239",
    "html_url": "https://fundwatcher.app/funds/TTCAX/"
  },
  "fund_b": {
    "name": "Invesco California AMT-Free Municipal Bond ETF",
    "ticker": "PWZ",
    "slug": "PWZ",
    "series_id": "S000019411",
    "html_url": "https://fundwatcher.app/funds/PWZ/"
  },
  "overlap": {
    "coverage_a_by_b": "0.09126961291585494424950040788",
    "coverage_b_by_a": "0.09126961291585494424950040789",
    "shared_count": 151,
    "as_of": {
      "a": "2026-01-31",
      "b": "2026-02-28"
    },
    "a_top": [
      {
        "name": "CALIFORNIA COMMUNITY VAR",
        "value": "34285676.78",
        "weight": "0.00977355",
        "shared": false
      },
      {
        "name": "CALIFORNIA COMMUNITY VAR",
        "value": "31475660.58",
        "weight": "0.00897252",
        "shared": false
      },
      {
        "name": "California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB",
        "value": "31123322.00",
        "weight": "0.00887208",
        "shared": false
      },
      {
        "name": "CA STWD CMNTYS DEV-B",
        "value": "30480000.60",
        "weight": "0.00868869",
        "shared": false
      },
      {
        "name": "California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB",
        "value": "30288807.04",
        "weight": "0.00863419",
        "shared": false
      },
      {
        "name": "CHEVRON USA INC FRN 11-01-35",
        "value": "29590000.00",
        "weight": "0.00843499",
        "shared": false
      },
      {
        "name": "CALIFORNIA COMMUNITY VAR",
        "value": "28926147.30",
        "weight": "0.00824575",
        "shared": false
      },
      {
        "name": "CHEVRON USA INC FRN 11-01-35",
        "value": "28075000.00",
        "weight": "0.00800312",
        "shared": false
      },
      {
        "name": "California (State of) Housing Finance Agency, Series 2019 A-2, RB",
        "value": "26014422.24",
        "weight": "0.00741573",
        "shared": false
      },
      {
        "name": "BAY AREA TOLL AUTHORITY FRN 04-01-59",
        "value": "24900000.00",
        "weight": "0.00709805",
        "shared": false
      },
      {
        "name": "California (State of) Housing Finance Agency, Series 2021-1A, Revenue Ctfs.",
        "value": "23724284.85",
        "weight": "0.00676290",
        "shared": false
      },
      {
        "name": "California Community Choice Financing Authority, Series F",
        "value": "23563941.32",
        "weight": "0.00671719",
        "shared": false
      },
      {
        "name": "California Community Choice Financing Authority, Series 2026 A-1",
        "value": "23486429.79",
        "weight": "0.00669509",
        "shared": false
      },
      {
        "name": "New Hampshire Business Finance Authority, Series 4, Class A",
        "value": "21942179.51",
        "weight": "0.00625488",
        "shared": false
      },
      {
        "name": "Los Angeles (City of), CA, Series 2025, RN",
        "value": "20230020.00",
        "weight": "0.00576681",
        "shared": false
      },
      {
        "name": "California (State of) Housing Finance Agency (Social Certificates), Series 2021 A, RB",
        "value": "18916100.51",
        "weight": "0.00539226",
        "shared": false
      },
      {
        "name": "California Community Choice Financing Authority, Series C",
        "value": "17003277.48",
        "weight": "0.00484699",
        "shared": false
      },
      {
        "name": "California (State of) Housing Finance Agency (Social Certificates), Series 2023-1, RB",
        "value": "16486532.66",
        "weight": "0.00469969",
        "shared": false
      },
      {
        "name": "CITY OF PASADENA CA FRN 02-01-35",
        "value": "16280000.00",
        "weight": "0.00464081",
        "shared": false
      },
      {
        "name": "NRTHRN CA ENRGY",
        "value": "16129320.00",
        "weight": "0.00459786",
        "shared": false
      },
      {
        "name": "California Community Choice Financing Authority, Series 2025G",
        "value": "15850496.97",
        "weight": "0.00451838",
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      },
      {
        "name": "REPUBLIC SERVICES INC (MPT) 4.375% 09-01-53",
        "value": "15597173.54",
        "weight": "0.00444616",
        "shared": false
      },
      {
        "name": "Puerto Rico, General Obligation Bonds, Clawback Highway Transportation Authority Claims Taxable Series 2022",
        "value": "15123789.05",
        "weight": "0.00431122",
        "shared": false
      },
      {
        "name": "CALIFORNIA STATEWIDE COM 2.62% 06-04-26",
        "value": "15012255.00",
        "weight": "0.00427943",
        "shared": false
      },
      {
        "name": "SACRAMENTO USD-C",
        "value": "14625646.00",
        "weight": "0.00416922",
        "shared": true
      },
      {
        "name": "CA MUN FIN AUTH-A-1",
        "value": "14482761.69",
        "weight": "0.00412849",
        "shared": false
      },
      {
        "name": "WASTE MANAGEMENT INC (MPT) 2.4% 10-01-44",
        "value": "14068889.25",
        "weight": "0.00401051",
        "shared": false
      },
      {
        "name": "UNIV OF CALIFORNIA REVENUES",
        "value": "13705000.00",
        "weight": "0.00390678",
        "shared": false
      },
      {
        "name": "UNITED AIRLINES INC 4.0% 07-15-29",
        "value": "13646440.98",
        "weight": "0.00389008",
        "shared": false
      },
      {
        "name": "CENTRL VLY CA ENERGY AUTH COMM REGD V/R B/E 5.00000000",
        "value": "13563339.24",
        "weight": "0.00386639",
        "shared": false
      },
      {
        "name": "CA STWD 5% 11/1/2041",
        "value": "13339179.29",
        "weight": "0.00380250",
        "shared": false
      },
      {
        "name": "SAN DIEGO COUNTY REGIONAL AIRP SDGAPT 07/56 FIXED 4",
        "value": "12933020.55",
        "weight": "0.00368671",
        "shared": false
      },
      {
        "name": "SAN FRANCISCO PUB-D",
        "value": "12762516.00",
        "weight": "0.00363811",
        "shared": true
      },
      {
        "name": "California Community Choice Financing Authority, Series B",
        "value": "11908006.21",
        "weight": "0.00339452",
        "shared": false
      },
      {
        "name": "REPUBLIC SERVICES INC (MPT) 3.875% 03-01-54",
        "value": "11727031.94",
        "weight": "0.00334293",
        "shared": false
      },
      {
        "name": "CALIFORNIA INFRASTRUCTURE & ECONOMIC DEVELOPMENT BK INFRASTRUCTURE ST REVOLVING 4.0% 10-01-48",
        "value": "11684276.10",
        "weight": "0.00333074",
        "shared": false
      },
      {
        "name": "San Francisco City & County Airport Comm-San Francisco International Airport, Series 2025D",
        "value": "11666765.00",
        "weight": "0.00332575",
        "shared": false
      },
      {
        "name": "SAN JOSE WATER CO 4.75% 11-01-46",
        "value": "11286305.10",
        "weight": "0.00321730",
        "shared": false
      },
      {
        "name": "CHF-RIVERSIDE I LLC 5.0% 05-15-52",
        "value": "11214340.00",
        "weight": "0.00319678",
        "shared": false
      },
      {
        "name": "UNIV OF CALIFORNIA CA RGTS MED CENTER POOLED REVENUE",
        "value": "11042424.45",
        "weight": "0.00314778",
        "shared": true
      },
      {
        "name": "Puerto Rico, General Obligation Bonds, Vintage CW NT Claims Taxable Series 2022",
        "value": "10544801.22",
        "weight": "0.00300592",
        "shared": false
      },
      {
        "name": "SACRAMENTO USD-A",
        "value": "10454890.00",
        "weight": "0.00298029",
        "shared": true
      },
      {
        "name": "California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB",
        "value": "10275222.75",
        "weight": "0.00292908",
        "shared": false
      },
      {
        "name": "O'CONNOR WOODS HOUSING CORP CA MTG INS 4.0% 01-01-43",
        "value": "10271477.85",
        "weight": "0.00292801",
        "shared": false
      },
      {
        "name": "CSCDA COMMUNITY IMPROVEMENT AUTHORITY UNION SOUTH BAY 4.0% 07-01-56",
        "value": "10011387.14",
        "weight": "0.00285387",
        "shared": false
      },
      {
        "name": "Santa Monica-Malibu Unified School District (Election of 2024), Series 2025, GO Bonds",
        "value": "9873926.31",
        "weight": "0.00281468",
        "shared": true
      },
      {
        "name": "UNIV OF CALIFORNIA CA REVENUES",
        "value": "9829113.06",
        "weight": "0.00280191",
        "shared": true
      },
      {
        "name": "CALIFORNIA COMMUNITY VAR",
        "value": "9720184.08",
        "weight": "0.00277086",
        "shared": false
      },
      {
        "name": "California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2023, RB",
        "value": "9635599.93",
        "weight": "0.00274674",
        "shared": false
      },
      {
        "name": "CLINICAS DEL CAMINO REAL INC 4.0% 03-01-50",
        "value": "9554347.86",
        "weight": "0.00272358",
        "shared": true
      }
    ],
    "b_top": [
      {
        "name": "CALIFORNIA ST HLTH FACS FING AUTH REVENUE",
        "value": "8557979.46",
        "weight": "0.00796465",
        "shared": false
      },
      {
        "name": "CALIFORNIA ST HLTH FACS FING A CASMED 08/48 FIXED 4",
        "value": "7583381.78",
        "weight": "0.00705763",
        "shared": false
      },
      {
        "name": "UNIV OF CA REGENTS -P",
        "value": "7170052.44",
        "weight": "0.00667295",
        "shared": false
      },
      {
        "name": "CALIFORNIA ST EDUCTNL FACS AUTH REVENUE",
        "value": "6721440.25",
        "weight": "0.00625544",
        "shared": false
      },
      {
        "name": "CALIFORNIA ST EDUCTNL",
        "value": "6239279.49",
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      },
      {
        "name": "UNIV OF CA REGENTS -P",
        "value": "5884337.37",
        "weight": "0.00547638",
        "shared": false
      },
      {
        "name": "Los Angeles Unified School District, Series 2020 RYQ, GO Bonds",
        "value": "5630129.50",
        "weight": "0.00523979",
        "shared": true
      },
      {
        "name": "STATE OF CALIFORNIA 5.0% 04-01-49",
        "value": "5158649.92",
        "weight": "0.00480100",
        "shared": true
      },
      {
        "name": "San Diego Community College District, Series A-1",
        "value": "4933473.30",
        "weight": "0.00459144",
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      {
        "name": "California (State of) Educational Facilities Authority (Stanford University), Series 2014 U-6, RB",
        "value": "4893099.45",
        "weight": "0.00455386",
        "shared": false
      },
      {
        "name": "Toll Road Sr Lien Refunding RB Series 2021A",
        "value": "4753978.20",
        "weight": "0.00442438",
        "shared": true
      },
      {
        "name": "State of California 5.00% 03/01/2055",
        "value": "4604047.15",
        "weight": "0.00428485",
        "shared": false
      },
      {
        "name": "SAN FRANCISCO-REV-C",
        "value": "4568430.87",
        "weight": "0.00425170",
        "shared": true
      },
      {
        "name": "SAN FRANCISCO PUB-D",
        "value": "4542565.75",
        "weight": "0.00422763",
        "shared": true
      },
      {
        "name": "UNIV OF CALIFORNIA CA REVENUES UNVHGR 05/52 FIXED 5",
        "value": "4444656.32",
        "weight": "0.00413651",
        "shared": false
      },
      {
        "name": "UNIV OF CALIFORNIA CA REVENUES",
        "value": "4117262.05",
        "weight": "0.00383181",
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      },
      {
        "name": "SAN DIEGO USD-I",
        "value": "3978758.44",
        "weight": "0.00370291",
        "shared": true
      },
      {
        "name": "KAISER FOUNDATION HOSPITALS 5.0% 11-01-47",
        "value": "3867104.45",
        "weight": "0.00359900",
        "shared": true
      },
      {
        "name": "California (State of) Educational Facilities Authority (Stanford University), Series 2013 U-3, RB",
        "value": "3734932.53",
        "weight": "0.00347599",
        "shared": false
      },
      {
        "name": "Bay Area Toll Authority, Series 2017S-7",
        "value": "3632888.73",
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      },
      {
        "name": "STATE OF CALIFORNIA 4.0% 09-01-43",
        "value": "3605761.74",
        "weight": "0.00335577",
        "shared": true
      },
      {
        "name": "San Diego Unified School District, Series 2023G-3",
        "value": "3535738.45",
        "weight": "0.00329061",
        "shared": true
      },
      {
        "name": "State of California 5.25% 09/01/2053",
        "value": "3528958.93",
        "weight": "0.00328430",
        "shared": false
      },
      {
        "name": "STATE OF CALIFORNIA 5.0% 03-01-49",
        "value": "3524521.65",
        "weight": "0.00328017",
        "shared": false
      },
      {
        "name": "LELAND STANFORD JUNIOR UNIVERSITY 5.0% 06-01-46",
        "value": "3369254.33",
        "weight": "0.00313566",
        "shared": false
      },
      {
        "name": "Los Angeles Unified School District, Series 2023QRR",
        "value": "3341409.23",
        "weight": "0.00310975",
        "shared": false
      },
      {
        "name": "CA ST HLTH FACS-A-REF",
        "value": "3319592.60",
        "weight": "0.00308944",
        "shared": false
      },
      {
        "name": "CA ST UNIV-A-REF",
        "value": "3278104.59",
        "weight": "0.00305083",
        "shared": false
      },
      {
        "name": "SAN FRANCISCO BAY-D1",
        "value": "3269999.02",
        "weight": "0.00304329",
        "shared": false
      },
      {
        "name": "CA ST UNIV TRUSTEES-A",
        "value": "3230297.75",
        "weight": "0.00300634",
        "shared": false
      },
      {
        "name": "LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE",
        "value": "3157128.06",
        "weight": "0.00293824",
        "shared": false
      },
      {
        "name": "SAN DIEGO UNIF SD-C-3",
        "value": "3074820.89",
        "weight": "0.00286164",
        "shared": false
      },
      {
        "name": "San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2017 B, RB",
        "value": "3023047.89",
        "weight": "0.00281346",
        "shared": false
      },
      {
        "name": "Fremont Union High School District, Series 2019 A, GO Bonds",
        "value": "3002872.20",
        "weight": "0.00279468",
        "shared": false
      },
      {
        "name": "SAN JOAQUIN TRANS-A",
        "value": "2868284.05",
        "weight": "0.00266943",
        "shared": false
      },
      {
        "name": "San Diego Community College District, Series A-1",
        "value": "2864555.23",
        "weight": "0.00266596",
        "shared": false
      },
      {
        "name": "Mt. San Antonio Community College District (Election of 2008), Series 2019 A, GO Bonds",
        "value": "2855757.55",
        "weight": "0.00265777",
        "shared": false
      },
      {
        "name": "FOLSOM CORDOVA USD-D",
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        "weight": "0.00265071",
        "shared": false
      },
      {
        "name": "San Francisco Community College District (Election of 2020), Series 2020 A, GO Bonds",
        "value": "2830438.08",
        "weight": "0.00263420",
        "shared": true
      },
      {
        "name": "CA ST PUB WKS BRD-A",
        "value": "2802994.18",
        "weight": "0.00260866",
        "shared": false
      },
      {
        "name": "Municipal Improvement Corp. of Los Angeles, Series A",
        "value": "2775429.00",
        "weight": "0.00258301",
        "shared": false
      },
      {
        "name": "Oxnard Union High School District, Ventura County, California, General Obligation Bonds, Election 2018 Series 2022C",
        "value": "2760899.32",
        "weight": "0.00256949",
        "shared": false
      },
      {
        "name": "SAN FRANCISCO W 5.25% 11/1/2055",
        "value": "2731096.79",
        "weight": "0.00254175",
        "shared": false
      },
      {
        "name": "State of California, Series 2024",
        "value": "2709535.21",
        "weight": "0.00252168",
        "shared": false
      },
      {
        "name": "SAN DIEGO USD A-3",
        "value": "2708636.84",
        "weight": "0.00252085",
        "shared": false
      },
      {
        "name": "SAN MARCOS USD-A",
        "value": "2694480.28",
        "weight": "0.00250767",
        "shared": false
      },
      {
        "name": "California (State of) Health Facilities Financing Authority (Stanford Health Care), Series 2020 A, Ref. RB",
        "value": "2693810.08",
        "weight": "0.00250705",
        "shared": false
      },
      {
        "name": "STHRN CA PUB PWR AUTH",
        "value": "2688668.30",
        "weight": "0.00250226",
        "shared": true
      },
      {
        "name": "STATE OF CALIFORNIA",
        "value": "2679047.48",
        "weight": "0.00249331",
        "shared": false
      },
      {
        "name": "UNIV OF CA -REF-O",
        "value": "2616221.00",
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      }
    ]
  },
  "error": null,
  "sources": [
    {
      "label": "N-PORT (fund A)",
      "accession_no": "0001193125-26-130882",
      "as_of": "2026-01-31",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/794389/000119312526130882/0001193125-26-130882-index.htm"
    },
    {
      "label": "N-PORT (fund B)",
      "accession_no": "0001378872-26-000865",
      "as_of": "2026-02-28",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1378872/000137887226000865/0001378872-26-000865-index.htm"
    }
  ]
}