# Portfolio overlap — DCLIX vs SCACX Comparing **DWS California Tax-Free Income Fund** (2026-02-28) and **Western Asset California Municipals Fund** (2026-02-27). - Shared positions: 12 - DWS California Tax-Free Income Fund covered by Western Asset California Municipals Fund: 0.07493498028979369304229953690 - Western Asset California Municipals Fund covered by DWS California Tax-Free Income Fund: 0.07493498028979369304229953690 ## 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 | | ## Western Asset California Municipals Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | LOS ANGELES COUNTY PUBLIC WORKS FINANCING AUTHORITY (TOBS) | 0.075258 | | | CHANNELSIDE WATER RESOURCES LP 5.0% 11-21-45 | 0.050773 | | | NRTHRN CA ENRGY | 0.038262 | | | CALIFORNIA COMMUNITY VAR | 0.032705 | | | Long Beach (City of), CA Bond Finance Authority, Series 2007 A, RB | 0.029465 | | | STHRN CA PUBLIC PWR AUTH NATURAL GAS PROJ REVENUE | 0.026291 | | | San Diego County Regional Airport Authority, Series B | 0.026163 | | | STATE OF CALIFORNIA 5.0% 11-01-50 | 0.025973 | ✓ | | Sacramento Municipal Utility District, Series 2024M | 0.025689 | | | Los Angeles Department of Water & Power, Series 2017C | 0.024628 | | | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2019 E | 0.024474 | | | California Community Choice Financing Authority, Series A | 0.020195 | | | CALIFORNIA ST MUNI FIN AUTH REVENUE | 0.019642 | | | Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2018C | 0.019641 | | | CALIFORNIA STWD CMNTYS DEV AUT CASGEN 12/49 FIXED 5 | 0.019049 | | | California (State of) Health Facilities Financing Authority (Stanford Health Care), Series 2020 A, Ref. RB | 0.018551 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2022 A-1, RB | 0.018544 | | | CALIFORNIA ST INFRASTRUCTURE ECON DEV BANK REVEN | 0.018501 | | | LA CA AIRPT 5% 5/15/34@ | 0.017067 | | | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2021 A, Ref. RB | 0.015396 | | | STOCKTON PUBLIC FINANCING AUTHORITY | 0.015325 | | | Southern California Water Replenishment District | 0.015133 | | | California Community Choice Financing Authority, Series B-1 | 0.014898 | ✓ | | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Second Series 2018 D, RB | 0.014657 | ✓ | | Mountain House Public Financing Authority | 0.014424 | | | GOLDEN ST TOBACCO SECURITIZATI REGD B/E 5.00000000 | 0.013950 | ✓ | | Alameda Corridor Transportation Authority, Series 2022C | 0.013787 | ✓ | | LONG BEACH CALIF BD FIN AUTH NAT GAS PUR REV SER A | 0.013106 | | | TOBACCO SECURITIZATION AUTH ST TOBGEN 06/48 FIXED 5 | 0.012643 | | | CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.012117 | | | Port of Los Angeles | 0.011350 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB | 0.011235 | | | Port of Los Angeles 5.00% 08/01/2035 | 0.011196 | | | San Mateo Joint Powers Financing Authority | 0.010231 | | | SAN MATEO JT PWRS-A | 0.010059 | | | California (State of) Infrastructure & Economic Development Bank (UCSF 2130 Third Street), Series 2017, RB | 0.010025 | | | Southern California Water Replenishment District | 0.009949 | | | CA ST UNIV REV 4% 11/1/2045 | 0.009712 | | | CLASSICAL ACADEMY OBLIGATED GROUP 5.0% 10-01-52 | 0.009478 | ✓ | | California (State of) Health Facilities Financing Authority (Commonspirit Health), Series 2020 A, Ref. RB | 0.009475 | | | CHF-DAVIS II LLC BAM 4.0% 05-15-46 | 0.009293 | | | CA ST MUNI FIN AUTH-A | 0.008870 | ✓ | | CALIFORNIA ST SCH FIN AUTH COL REGD B/E 5.00000000 | 0.008465 | | | Folsom Cordova Unified School District | 0.008139 | | | RIVER ISLANDS PUBLIC FINANCING RVIGEN 09/48 FIXED 5 | 0.008042 | | | RIVER ISLANDS PUBLIC FINANCING RVIGEN 09/53 FIXED OID 5.625 | 0.008025 | | | California (State of) School Finance Authority (KIPP LA), Series 2015 A, RB | 0.007969 | | | California Community Choice Financing Authority, Series 2023 E-1 | 0.007838 | | | San Francisco (City & County of), CA Public Utilities Commission (Green Bonds), Series 2023, Ref. RB | 0.007623 | | | CALIFORNIA ST MUNI FIN AUTH REVENUE | 0.007219 | | ## Sources - N-PORT (fund A) — accession `0001410368-26-040961` (as of 2026-02-28) - N-PORT (fund B) — accession `0000940400-26-014629` (as of 2026-02-27) --- _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 _