# Portfolio overlap — DCLIX vs PCTEX Comparing **DWS California Tax-Free Income Fund** (2026-02-28) and **Putnam California Tax Exempt Income Fund** (2025-09-30). - Shared positions: 21 - DWS California Tax-Free Income Fund covered by Putnam California Tax Exempt Income Fund: 0.06006825997226038506900795414 - Putnam California Tax Exempt Income Fund covered by DWS California Tax-Free Income Fund: 0.06006825997226038506900795414 ## DWS California Tax-Free Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | M-S-R Energy Authority, California, Gas Revenue Bonds, Citigroup Prepay Contracts, Series 2009A | 0.025494 | | | FHLMC Multifamily VRD Certificates | 0.022243 | ✓ | | California Community Choice Financing Authority, Series B-1 | 0.017601 | | | CALIFORNIA ST ENTERPRISE DEV AUTH REVENUE | 0.017323 | | | Manteca Unified School District (Election of 2020), Series 2025, GO Bonds | 0.016534 | | | Los Angeles County Public Works Financing Authority, Series 2025, RB | 0.016378 | | | SAN FRANCISCO W 5.25% 11/1/2055 | 0.016370 | | | San Diego Public Facilities Financing Authority, Series 2025, RB | 0.016282 | | | STATE OF CALIFORNIA 5.0% 11-01-50 | 0.016177 | | | IRVINE CMNTY FACS DT | 0.016136 | | | SAN JOSE FINANCING AUTHORITY SJSUTL 11/52 FIXED 5 | 0.015942 | | | COLTON JOINT USD-A | 0.015910 | | | UNIV OF CALIFORNIA REVENUES | 0.013838 | | | STATE OF CALIFORNIA | 0.013415 | | | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Second Series 2023 C, Ref. RB | 0.013101 | | | RB (Sharp Healthcare) Series 2024E | 0.013086 | | | RIVERSIDE CNTY CA TRANSPRTN COMMISSION TOLL REVENUE | 0.013079 | | | San Francisco City & County Redevelopment Agency Successor Agency, Series 2017 B | 0.012236 | | | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Second Series 2018 D, RB | 0.011260 | | | PAJARO VLY CA UNIF SCH DIST | 0.011255 | | | MORENO VLY UNIF SD-D | 0.011151 | | | CA STWD 4% 4/1/2046 | 0.010466 | | | STHRN CA PUB PWR AUTH | 0.010387 | | | CA ST MFA MHSG 4% 11/1/2036 | 0.010383 | | | CSCDA Community Improvement Authority, Series 2020 A | 0.010176 | | | CA MUNI FIN AUTH | 0.009748 | | | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2025D | 0.009718 | | | HAYWARD USD-A | 0.009712 | | | CALIFORNIA ST MUNI FIN AUTH REVENUE | 0.009467 | | | CEDARS-SINAI MEDICAL CENTER OBLIGATED GROUP 3.0% 08-15-51 | 0.009317 | | | EL MONTE CA CITY SCH DIST | 0.009164 | | | IRVINE UNIFIED SCHOOL DISTRICT | 0.009143 | | | CALIFORNIA ST MUNI FIN AUTH SPL TAX REVENUE | 0.009104 | | | GOLDEN ST TOBACCO SECURITIZATI REGD B/E 5.00000000 | 0.008989 | ✓ | | PUERTO RICO SALES TAX FING COR REGD OID B/E 4.75000000 | 0.008932 | | | CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.008769 | | | DOWNEY UNIF SD -A | 0.008683 | | | MODESTO CA IRR DIST FING AUTH ELEC SYS REVENUE | 0.008473 | | | CALIFORNIA ST MUNI FIN AUTH REVENUE | 0.008375 | | | FREDDIE MAC MULTIFAMILY ML CERTIFICATES SER 2019-ML05 CL ACA 3.35000000 | 0.008281 | ✓ | | Rio Hondo Community College District (Election of 2024), Series 2025, GO Bonds | 0.008136 | | | SACRAMENTO CNTY CA SPL TAX | 0.008135 | | | California County Tobacco Securitization Agency | 0.008016 | | | IRVINE CA IMPT BOND ACT 1915 | 0.007764 | | | FOOTHILL ESTRN TRANSPRTN CORRIDOR AGY CA TOLL ROAD REVENUE | 0.007564 | | | MORELAND SD-REF-B | 0.007084 | | | CALIFORNIA COMMUNITY VAR | 0.006717 | ✓ | | ANTELOPE VLY CCD-REF | 0.006636 | | | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE | 0.006440 | | | SANTA MONICA REDEVELOPMENT AGENCY SUCCESSOR AGY EARTHQUAKE RECOVERY REDEV PROJ 5.875% 07-01-36 | 0.006411 | | ## Putnam California Tax Exempt Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | California State Public Works Board (TOBs) | 0.018612 | | | Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2018 A, RB | 0.015506 | | | CHANNELSIDE WATER RESOURCES LP 5.0% 11-21-45 | 0.015354 | | | FREDDIE MAC MULTIFAMILY ML CERTIFICATES SER 2019-ML05 CL ACA 3.35000000 | 0.014701 | ✓ | | Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Senior Green Series 2022G | 0.014085 | | | TOBACCO SECURITIZATION AUTH ST TOBGEN 06/48 FIXED 5 | 0.013623 | | | New Hampshire Business Finance Authority, Series 4, Class A | 0.013222 | | | CALIFORNIA COMMUNITY VAR | 0.012892 | ✓ | | Chabot-Las Positas Community College District, Series C | 0.011479 | ✓ | | SAN DIEGO HSG AUTH-E | 0.011406 | | | CA MUNI FIN AUTH-A | 0.011393 | | | M-S-R Energy Authority, Series A | 0.011331 | | | San Francisco City & County Public Utilities Commission Power, Series 2023A | 0.011212 | | | Los Angeles Department of Water & Power, Series 2022A | 0.011066 | | | CALIFORNIA ST STWD CMNTYS DEV REGD B/E 5.00000000 | 0.010909 | | | CHF-DAVIS II LLC BAM 3.0% 05-15-51 | 0.010587 | | | SWEETWATER UNION HIGH SCHOOL D SWESCD 08/52 FIXED 5 | 0.010515 | | | CALIFORNIA COMMUNITY VAR | 0.010397 | | | NRTHRN CA ENRGY | 0.009988 | | | CA ST MFA COP 5.25% 11/1/2052 | 0.009451 | | | State of California | 0.009127 | ✓ | | CA MUN FIN AUTH | 0.009033 | | | LOS ANGELES DEPT OF W | 0.008987 | | | Alameda Corridor Transportation Authority, Series 2022A | 0.008875 | | | California Community Choice Financing Authority, Series F | 0.008389 | | | CSCDA Community Improvement Authority, Series 2021 A-2 | 0.008281 | | | Long Beach (City of), CA Bond Finance Authority, Series 2007 A, RB | 0.008219 | | | CSCDA Community Improvement Authority, Series A-2 | 0.008151 | | | CHF-RIVERSIDE I LLC 5.0% 05-15-43 | 0.008045 | | | California (State of) School Finance Authority (Green Dot Public Schools), Series 2018 A, RB | 0.008013 | ✓ | | California Community Housing Agency, Series A-1 | 0.007983 | | | CA MUNI FIN AUTH-A | 0.007776 | | | California Infrastructure & Economic Development Bank, Series 2022 B | 0.007733 | | | GOLDEN ST TOBACCO SECURITIZATI REGD B/E 5.00000000 | 0.007600 | ✓ | | California County Tobacco Securitization Agency, Series 2014 | 0.007472 | | | SF BART/MTC 3% 8/1/49 | 0.007398 | | | Grays Harbor Public Hospital District 1, Washington, Revenue Bonds, Summit Pacific Medial Center Series 2023 | 0.007315 | | | CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.007197 | | | FREDDIE MAC MULTIFAMILY ML CERTIFICATES SER 2024-ML25 CL ACA V/R 3.54109800 | 0.007190 | | | COLBURN SCHOOL (MPT) 1.75% 08-01-55 | 0.006982 | | | HUMANGOOD CALIFORNIA OBLIGATED GROUP 4.0% 10-01-44 | 0.006779 | | | City of Los Angeles CA | 0.006756 | | | INDIO PUB FING AUTH-A | 0.006659 | | | South Tahoe Joint Powers Financing Authority, Series 2023 A, RB | 0.006598 | | | California (State of) Educational Facilities Authority (University of the Pacific), Series 2023, RB | 0.006385 | | | California Community Housing Agency, Series 2020 A | 0.006192 | | | California (State of) School Finance Authority (Granada Hills Charter Obligated Group), Series 2019, RB | 0.006189 | | | SAN FRANCISCO BAY-F1 | 0.005979 | | | Putnam Short Term Investment Fund, Class P | 0.005918 | | | S TAHOE CA JT PWRS FING AUTH L STHPWR 10/48 FIXED 5.25 | 0.005810 | | ## Sources - N-PORT (fund A) — accession `0001410368-26-040961` (as of 2026-02-28) - N-PORT (fund B) — accession `0002071691-25-006482` (as of 2025-09-30) --- _Informational only — not investment advice. 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