# Portfolio overlap — CAYAX vs TACAX Comparing **California High-Yield Municipal Fund** (2026-02-28) and **California Municipal Bond Fund** (2026-02-28). - Shared positions: 63 - California High-Yield Municipal Fund covered by California Municipal Bond Fund: 0.08905789006954948733820689160 - California Municipal Bond Fund covered by California High-Yield Municipal Fund: 0.08905789006954948733820689159 ## California High-Yield Municipal Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | California Community Choice Financing Authority, Series F | 0.013613 | ✓ | | California (State of) Infrastructure & Economic Development Bank (Clean Water Revolving Fund) (Green Bonds), Series 2023, RB | 0.009677 | | | California (State of) Housing Finance Agency, Series 2021-1A, Revenue Ctfs. | 0.009304 | | | LOMA LINDA UNIVERSITY MEDICAL CENTER OBLIGATED GROUP 5.25% 12-01-56 | 0.009070 | | | PALOMAR HLTH-REF | 0.009044 | | | San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue Bonds, Refunding Series 1997A | 0.008531 | | | New Hampshire Business Finance Authority, Series 4, Class A | 0.008193 | | | SILICON VLY CA TOBACCO SECURIT SILGEN 06/36 ZEROCPNOID 0 | 0.007658 | | | CSCDA Community Improvement Authority, Series 2020 A | 0.006896 | | | CSCDA Community Improvement Authority, Series A-2 | 0.006656 | ✓ | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2023, RB | 0.006630 | | | Paradise Unified School District 4.88% 05/01/2054 | 0.006598 | | | STHRN CA PUB PWR AUTH | 0.006417 | ✓ | | CALIFORNIA HSG FIN AGY LTD OBLIG MF HSG REVENUE | 0.006398 | | | CA STWD 5% 12/1/2046 | 0.006089 | | | CA PUB FIN AUTH-B1 | 0.006072 | | | CALIFORNIA COMMUNITY VAR | 0.005959 | | | California Community Choice Financing Authority, Series F | 0.005853 | ✓ | | COMMONSPIRIT HEALTH OBLIGATED GROUP 4.0% 04-01-49 | 0.005360 | | | CA ST MFA REV 5% 11/1/46 | 0.005093 | | | American Century California Municipal Bond ETF | 0.005032 | | | Palomar Pomerado Health System, California, Revenue Bonds, Refunding Series 2016 | 0.005025 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB | 0.005011 | | | CALIFORNIA ST STWD CMNTYS DEV REGD B/E 5.00000000 | 0.004742 | | | Foothill-Eastern Transportation Corridor Agency, Series 2021 A, Ref. RB | 0.004657 | | | HASTINGS CAMPUS HSG FIN AUTH CA CAMPUS HSG REVENUE | 0.004536 | | | CALIFORNIA ST STWD CMNTYS DEV AUTH SPL TAX REVENUE | 0.004533 | | | Peninsula Corridor Joint Powers Board Measure RR Sales Tax, Series 2022A | 0.004491 | | | LOS ANGELES DEPT-C | 0.004447 | | | City of San Francisco, Series 2023AB | 0.004417 | | | CSCDA Community Improvement Authority, California, Essential Housing Revenue Bonds, 1818 Platinum Triangle-Anaheim, Social Bond Series 2021A-2 | 0.004393 | ✓ | | Alameda Corridor Transportation Authority, Series C | 0.004385 | | | CA ST UNIV TRUSTEES-A | 0.004152 | | | CA MUNI FIN AUTH | 0.004129 | | | HASTINGS CAMPUS HSG FIN AUTH C REGD B/E 5.00000000 | 0.004063 | | | Orange County Community Facilities District 5.00% 08/15/2041 | 0.004043 | | | ROSEVILLE CA SPL TAX | 0.004020 | | | CSCDA COMMUNITY IMPROVEMENT AUTHORITY ESCONDIDO PORTFOLIO 4.0% 12-01-59 | 0.004000 | | | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE | 0.003996 | | | TRANSBAY JT PWRS-A | 0.003978 | | | BAY AREA TOLL AUTHORITY FRN 04-01-59 | 0.003924 | | | CSCDA Community Improvement Authority, Series 2021 A-2 | 0.003857 | ✓ | | CALIFORNIA COMMUNITY VAR | 0.003736 | ✓ | | STHRN CA PUB PWR AUTH | 0.003727 | | | CA PUB FIN AUTH-B2 | 0.003700 | | | RESTRUCTURED-SER A-2 | 0.003572 | | | California Infrastructure & Economic Development Bank 5.00% 11/01/2031 | 0.003535 | | | City of Rialto CA 5.25% 09/01/2060 | 0.003513 | | | CALIFORNIA ST MUNI FIN AUTH REVENUE | 0.003477 | | | HUMANGOOD CALIFORNIA OBLIGATED GROUP 4.0% 10-01-49 | 0.003435 | ✓ | ## California Municipal Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | BURBANK GLENDALE PASADENA CA ARPT AUTH ARPT REVENUE | 0.025110 | | | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2025 A, RB | 0.022063 | | | Sacramento (County of), CA, Series 2024, RB | 0.014855 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB | 0.013415 | | | UNIV OF CALIFORNIA-BV | 0.013228 | | | California Community Choice Financing Authority, Series F | 0.013151 | ✓ | | CA ST UNIV-A-REF | 0.011847 | | | JH COLLATERAL | 0.010813 | | | SAN FRANCISCO CITY & COUNTY PUBLIC UTILITIES COMMISSION 4.0% 11-01-50 | 0.009795 | | | LOS ANGELES DEPT-D | 0.009733 | | | COMMONSPIRIT HEALTH OBLIGATED GROUP 5.25% 12-01-49 | 0.009549 | | | GARDEN GROVE PUBLIC FINANCING GARGEN 04/49 FIXED 5 | 0.009362 | | | Los Angeles Department of Water & Power Water System, Series 2020B | 0.009192 | | | SAN JOAQUIN VLY CLEAN ENERGY AUTH CA CLEAN ENERGY REVENUE | 0.008767 | | | UNITED AIRLINES INC 4.0% 07-15-29 | 0.008385 | ✓ | | CALIFORNIA ST EDUCTNL | 0.008312 | | | Los Angeles (City of), CA, Series 2025, RB | 0.007871 | | | CA CCEDEV 5 03/01/2036 | 0.007794 | | | CALIFORNIA ENTERPRISE DEVELOPM CASDEV 06/40 FIXED OID 4 | 0.007521 | | | CA ST UNIV-A-REF | 0.007107 | | | ALVORD USD-B-CABS | 0.007093 | | | UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.25000000 | 0.006825 | | | California Community Choice Financing Authority, Series F | 0.005936 | ✓ | | Inland Empire Tobacco Securitization Corp., Series 2007C-1 | 0.005671 | | | Savanna School District, Series B | 0.005647 | | | PRS-CALIFORNIA OBLIGATED GROUP 5.0% 04-01-49 | 0.005557 | ✓ | | CA PCFA WTR FUR 5% 11/21/2045 | 0.005474 | ✓ | | California Educational Facilities Authority, Revenue Bonds, Master's University, Series 2025 | 0.005265 | | | ANAHEIM UNION HIGH SCHOOL DIST ANASCD 08/38 FIXED 3 | 0.005074 | | | DESERTXPRESS ENTERPRISES LLC (MPT) 12.0% 01-01-65 | 0.005011 | ✓ | | Puerto Rico, General Obligation Bonds, Vintage CW NT Claims Taxable Series 2022 | 0.004989 | ✓ | | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE | 0.004955 | | | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE | 0.004847 | | | CITY OF GLENDALE CA ELECTRIC R GLEPWR 02/45 FIXED 5 | 0.004698 | | | ROCKLIN ACADEMY OBLIGATED GROUP 5.0% 06-01-64 | 0.004629 | | | TOBACCO SECURITIZATION AUTH ST TOBGEN 06/48 FIXED 5 | 0.004531 | | | CALIFORNIA ST ENTERPRISE DEV AUTH REVENUE | 0.004520 | ✓ | | EISENHOWER MEDICAL CENTER 5.0% 07-01-47 | 0.004464 | | | GOLDEN ST TOBACCO SECURITIZATI REGD B/E 5.00000000 | 0.004445 | ✓ | | TEJON RANCH PUBLIC FACILITIES TEJFAC 09/54 FIXED 5 | 0.004425 | | | CALIFORNIA COMMUNITY VAR | 0.004401 | | | P3 IRVINE SL HOLDINGS LLC OBLIGATED GROUP 6.5% 06-01-54 | 0.004361 | | | RESTRUCTURED-SER A1 | 0.004333 | ✓ | | REDONDO BEACH UNIFIED SCHOOL D RDBSCD 08/50 FIXED 5 | 0.004328 | | | PALMDALE WATER DISTRICT PUBLIC PWDWTR 10/49 FIXED OID 4 | 0.004296 | | | Chaffey Joint Union High School District (Election of 2012), Series 2023 G, GO Bonds | 0.004172 | | | W HOLLYWOOD FING AUTH | 0.004081 | | | LONG BEACH UNIF SD | 0.004046 | | | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE | 0.003998 | | | CALIFORNIA COMMUNITY VAR | 0.003989 | ✓ | ## Sources - N-PORT (fund A) — accession `0001193125-26-189892` (as of 2026-02-28) - N-PORT (fund B) — accession `0001193125-26-184466` (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 _