# Portfolio overlap — AVMU vs VTEC Comparing **Avantis Core Municipal Fixed Income ETF** (2026-02-28) and **VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF** (2026-02-28). - Shared positions: 53 - Avantis Core Municipal Fixed Income ETF covered by VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF: 0.01856935773328054546361501273 - VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF covered by Avantis Core Municipal Fixed Income ETF: 0.01856935773328054546361501274 ## Avantis Core Municipal Fixed Income ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | SAN ANTONIO TX PUB FACS CORP L SANFAC 09/42 FIXED OID 4 | 0.024687 | | | JOBSOHIO BEVERAGE -A | 0.019347 | | | SAN JACINTO TX CMNTY CLG DIST | 0.018303 | | | MIAMI BEACH FL RESORT TAX REVENUE | 0.016072 | | | NEW YORK NY | 0.012104 | | | TX GPTTRN 4 10/01/2045 | 0.010834 | | | STATE OF COLORADO 4.0% 12-15-40 | 0.009951 | | | STATE OF NEW YORK SALES TAX REVENUE 4.0% 03-15-39 | 0.009168 | | | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT | 0.009125 | | | District of Columbia Income Tax, Series 2019A | 0.008637 | | | NY DASNY-REF-A | 0.008284 | | | MICHIGAN ST UNIV REVENUES | 0.008256 | | | Los Angeles Department of Water & Power, Series 2023A | 0.008209 | ✓ | | State of Mississippi, Series 2017A | 0.007917 | | | LOS ANGELES -C-REF | 0.007425 | ✓ | | City of Atlanta Water & Wastewater, Series 2015 | 0.007407 | | | WA ENEPWR 4 07/01/2042 | 0.007257 | | | SAN ANTONIO TX ELEC & | 0.006771 | | | LOS ANGELES DEPT-B | 0.006760 | ✓ | | PORT NY NJ 4% 7/15/2041 | 0.006579 | | | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE | 0.006519 | | | SEATTLE WA MUNI LIGHT & PWR REVENUE | 0.006514 | | | County of Cook Sales Tax Revenue | 0.006504 | | | RI HLTH EDU BLDG CORP | 0.006481 | | | MA WTR RES AUTH-B-REF | 0.006433 | | | PENNSYLVANIA ST HGR EDUCTNL FA PASHGR 08/41 FIXED 4 | 0.006424 | | | SILICON VLY CLEAN WTR | 0.006421 | | | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT | 0.006294 | | | State of Michigan Trunk Line Revenue 4.00% 11/15/2041 | 0.006212 | | | State of Michigan Trunk Line, Series 2021A | 0.006182 | | | MIAMI-DADE WTSW 4% 10/1/35 | 0.006007 | | | NJ ECON DEV AUTH-QQQ | 0.005878 | | | County of Broward FL Airport System Revenue 4.00% 10/01/2042 | 0.005843 | | | NY ST URBAN DEV CORP | 0.005797 | | | NJ TRANSPRTN TRUST-A | 0.005702 | | | TEXAS WTR DEV BRD REVENUE TXSWTR 10/47 FIXED 4.125 | 0.005680 | | | State of Georgia 4.00% 07/01/2036 | 0.005657 | | | UNIV OF WASHINGTON-A | 0.005623 | | | Los Angeles Department of Water & Power Water System Revenue 5.00% 07/01/2032 | 0.005541 | ✓ | | WAYNE ST UNIV-A-GEN | 0.005399 | | | MET TRANS AUTH-A | 0.005300 | | | UNIV VT & ST AGRIC | 0.005297 | | | PENNSYLVANIA ST COPS | 0.005196 | | | Clifton Higher Education Finance Corp. (Idea Public Schools), Series 2017, Ref. RB | 0.005182 | | | IL ST TOLL HWY AUTH-A | 0.005118 | | | Delaware (State of) River Port Authority, Series 2018 A, RB | 0.004854 | | | PHILADELPHIA PA AUTH FOR INDL DEV UNIV REVENUE | 0.004646 | | | AL ST PUB SCH 4% 11/1/2040 | 0.004597 | | | OHIO ST UNIV | 0.004546 | | | NY ST TWY AUTH-O-REV | 0.004546 | | ## VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | Southern California Public Power Authority, Series A | 0.005932 | | | UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.00000000 | 0.005505 | | | Bay Area Toll Authority, Series 2026A | 0.005146 | | | Irvine Ranch Water District, Series 2009 A, VRD RB | 0.003231 | | | LOS ANGELES UNIF SD-A | 0.003227 | | | LOS ANGELES UNIF SD-A | 0.003220 | | | Bay Area Toll Authority, Series 2023 A, VRD Ref. RB | 0.003088 | | | LOS ANGELES UNIF SD-A | 0.002989 | | | Los Angeles Department of Water & Power, Series 2025A | 0.002720 | | | STATE OF CALIFORNIA 4.0% 03-01-36 | 0.002497 | ✓ | | UNIV OF CALIFORNIA CA REVENUES REGD B/E 5.00000000 | 0.002483 | | | CALIFORNIA ST EDUCTNL FACS AUTH REVENUE | 0.002421 | | | UNIV OF CALIFORNIA CA REVENUES REGD B/E 5.50000000 | 0.002383 | | | E CO AWP JT PWRS-A-1 | 0.002360 | | | STATE OF CALIFORNIA | 0.002358 | | | SAN FRANCISCO USD | 0.002302 | | | UNIV OF CALIFORNIA CA | 0.002238 | | | IRVINE CA IMPT BOND ACT 1915 | 0.002207 | | | State of California | 0.002121 | | | CALIFORNIA ST EDUCTNL | 0.001954 | | | BAY AREA TOLL AUTHORITY FRN 04-01-55 | 0.001950 | | | LOS ANGELES DEPT-C | 0.001930 | | | UNIV OF CALIFORNIA CA REVENUES | 0.001924 | | | LOS ANGELES UNIF SD-A | 0.001918 | | | State of California | 0.001913 | | | BAY AREA CA TOLL AUTH | 0.001888 | | | UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.00000000 | 0.001879 | | | IRVINE WTR-RF-A1-VAR | 0.001748 | | | BAY AREA TOLL AUTHORI VAR | 0.001706 | | | University of California, Series 2024 BW, Ref. RB | 0.001701 | | | Toll Road Sr Lien Refunding RB Series 2021A | 0.001691 | | | UNIV OF CALIFORNIA CA REVENUES | 0.001673 | | | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2017 B, RB | 0.001672 | | | Anaheim Public Financing Authority, California, Lease Revenue Bonds, Public Improvement Project, Series 1997C | 0.001662 | | | CALIFORNIA ST EDUCTNL FACS AUTH REVENUE | 0.001629 | | | State of California 5.00% 03/01/2055 | 0.001623 | | | Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2024, GO Bonds | 0.001620 | | | STATE OF CALIFORNIA 5.0% 10-01-35 | 0.001618 | | | LOS ANGELES UNIF SD-A | 0.001609 | | | State of California | 0.001587 | | | STATE OF CALIFORNIA 5.0% 04-01-29 | 0.001586 | | | State of California, Series 2007 | 0.001569 | | | LOS ANGELES DEPT-B | 0.001530 | ✓ | | Los Angeles Unified School District, Series 2023QRR | 0.001520 | | | Santa Monica Community College District, Series 2018A | 0.001504 | | | State of California, Series 2025, GO Bonds | 0.001497 | | | UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.25000000 | 0.001486 | | | STATE OF CALIFORNIA | 0.001464 | | | UNIV OF CALIFORNIA CA REVENUES | 0.001462 | | | Sacramento Municipal Utility District, Series 2025F | 0.001427 | | ## Sources - N-PORT (fund A) — accession `0001193125-26-189857` (as of 2026-02-28) - N-PORT (fund B) — accession `0000783401-26-000072` (as of 2026-02-28) --- _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._ _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._ _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. See _