# Portfolio overlap — FCTFX vs PBCAX Comparing **Fidelity California Municipal Income Fund** (2026-02-28) and **PGIM California Muni Income Fund** (2026-02-27). - Shared positions: 36 - Fidelity California Municipal Income Fund covered by PGIM California Muni Income Fund: 0.08399060363999108895498181903 - PGIM California Muni Income Fund covered by Fidelity California Municipal Income Fund: 0.08399060363999108895498181901 ## Fidelity California Municipal Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Fidelity Municipal Cash Central Fund | 0.032627 | | | LOS ANGELES WTR-A-REF | 0.014181 | | | State of California, Series 2024 | 0.009926 | | | Central Valley Energy Authority, Series 2026 | 0.009181 | ✓ | | CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.009063 | ✓ | | UNIV OF CALIFORNIA-Q | 0.008913 | | | CALIFORNIA ST INFRASTRUCTURE & REGD V/R B/E 1.20000000 | 0.008847 | | | California Community Choice Financing Authority, Series F | 0.008623 | ✓ | | CALIFORNIA COMMUNITY VAR | 0.008618 | | | STHRN CALIFORNIA ST PUBLIC PWR AUTH STHRN TRANSMISSION SYSTE | 0.008530 | | | SAN FRANCISCO W 5.25% 11/1/2055 | 0.008525 | | | CALIFORNIA COMMUNITY VAR | 0.008340 | | | Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2019F | 0.007358 | | | State of California | 0.006845 | | | COMMONSPIRIT HEALTH OBLIGATED GROUP 4.0% 04-01-49 | 0.006787 | | | UNIV OF CALIFORNIA CA REVENUES REGD B/E 5.50000000 | 0.006341 | | | HAYWARD USD-A | 0.006319 | | | University of California, Series 2024BW | 0.006223 | | | State of California, Series 2025, GO Bonds | 0.006200 | | | CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.006188 | | | CALIFORNIA ST INFRAST | 0.005943 | | | LOS ANGELES DEPT-B | 0.005902 | ✓ | | SAN MATEO CNTY JT-A | 0.005826 | | | California Community Choice Financing Authority, Series B | 0.005797 | | | POWAY USD-IMPT-07-1-A | 0.005781 | | | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2019 A, RB | 0.005549 | | | CENTRL VLY CA ENERGY AUTH COMM REGD V/R B/E 5.00000000 | 0.005523 | ✓ | | CA MUN FIN AUT 5% 5/15/2034 | 0.005479 | | | San Jose, California, Airport Revenue Bonds, Refunding Series 2017A | 0.005410 | | | LA CA AIRPT 5% 5/15/2034 @ | 0.005409 | | | Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2018, Ref. RB | 0.005402 | | | REPUBLIC SERVICES INC (MPT) 2.875% 07-01-43 | 0.005220 | ✓ | | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2016 B | 0.005071 | | | CA STWD 3% 4/1/2050 | 0.005003 | | | CALIFORNIA ST STWD CMNTYS DEV REGD B/E 5.00000000 | 0.004992 | | | MOUNTAIN VIE 4% 8/1/2054 | 0.004913 | | | UNIV OF CALIFORNIA CA REVENUES | 0.004643 | ✓ | | Rio Hondo Community College District, Series 2010C | 0.004525 | | | CA ST MFA MHSG 2.65% 8/1/2036 | 0.004468 | | | State of California | 0.004331 | | | California Community Choice Financing Authority, Series 2026 A-1 | 0.004320 | ✓ | | California (State of) Housing Finance Agency (Social Certificates), Series 2023-1, RB | 0.004320 | | | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE | 0.004284 | | | CALIFORNIA COMMUNITY VAR | 0.004247 | ✓ | | CALIFORNIA ST INFRAST | 0.004181 | | | SAN BERN CA USD 3% 8/1/2044 | 0.004173 | | | LANCER EDUCATIONAL HOUSING LLC 5.0% 06-01-51 | 0.004138 | | | BURBANK GLENDALE PASADENA CA A REGD B/E AMT 5.00000000 | 0.004137 | | | CALIFORNIA ST MUNI FIN AUTH REVENUE | 0.004103 | | | SAC CNTY ARPT 18C 5% 07/01/36@ | 0.004074 | | ## PGIM California Muni Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | (PIPA070) PGIM Core Government Money Market Fund | 0.038692 | | | State of California, Series 2024, GO Bonds | 0.013956 | | | CALIFORNIA COMMUNITY VAR | 0.013754 | | | LONG BEACH CALIF BD FIN AUTH NAT GAS PUR REV SER A | 0.011517 | | | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 C, RB | 0.011475 | | | CA STWD CMNTYS DEV-B | 0.009551 | | | UNIV OF CALIFORNIA CA REVENUES | 0.009485 | ✓ | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2023, RB | 0.009113 | ✓ | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB | 0.008859 | | | California Infrastructure & Economic Development Bank | 0.008728 | | | CALIFORNIA COMMUNITY VAR | 0.008684 | ✓ | | California (State of) Housing Finance Agency, Series 2021-1A, Revenue Ctfs. | 0.008495 | ✓ | | CA STWD CMNTYS-A | 0.008314 | | | California (State of) Housing Finance Agency, Series 2019 A-2, RB | 0.008285 | ✓ | | California Community Choice Financing Authority, Series F | 0.008274 | | | CALIFORNIA ST MUNI FIN AUTH MF REGD B/E FHLMC C 3.75000000 | 0.008227 | | | CA ST PUB WKS-C-REF | 0.008046 | | | CALIFORNIA COMMUNITY VAR | 0.008016 | | | San Diego County Regional Airport Authority | 0.007824 | | | LOS ANGELES DEPT-B | 0.007671 | ✓ | | City of Santa Clara CA Electric Revenue | 0.007609 | | | KAISER FOUNDATION HOSPITALS (MPT) 5.0% 06-01-41 | 0.007540 | | | PROVIDENCE ST JOSEPH HEALTH OBLIGATED GROUP (MPT) 5.0% 10-01-39 | 0.007380 | | | CA OXNSCD 0 02/01/2031 | 0.006996 | | | UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.25000000 | 0.006796 | | | STHRN CA PUB PWR-B | 0.006772 | | | STATE OF CALIFORNIA | 0.006766 | | | CA CASGEN 4.05 07/20/2041 | 0.006764 | | | DESERTXPRESS ENTERPRISES LLC (MPT) 3.5% 01-01-65 | 0.006692 | | | State of California | 0.006592 | | | California Community Choice Financing Authority, Series 2026 A-1 | 0.006581 | ✓ | | PORT OF OAKLAND CA REGD N/C B/E AMT 5.00000000 | 0.006558 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2022 A-1, RB | 0.006525 | | | UNITED AIRLINES INC 4.0% 07-15-29 | 0.006462 | | | University of California | 0.006397 | | | Port of Los Angeles 5.00% 08/01/2035 | 0.006252 | | | UNIV OF CALIFORNIA CA | 0.006169 | | | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 D, RB | 0.006126 | | | Vernon (City of), CA, Series 2021 A, RB | 0.006032 | | | STHRN CA PUB PWR-A | 0.006021 | ✓ | | CALIFORNIA ST MUNI FIN AUTH MU CASMFH 02/41 ADJUST OID VAR | 0.005981 | | | CALIFORNIA COMMUNITY VAR | 0.005971 | | | CA CCEDEV 5 03/01/2036 | 0.005820 | | | Orange (County of), CA Community Facilities District No. 2015-1 (Esencia Village), Series 2015 A, RB | 0.005760 | | | California (State of) Health Facilities Financing Authority (Sutter Health), Series 2018 A, RB | 0.005754 | | | CA STWD CMNTYS-H | 0.005749 | | | State of California | 0.005746 | | | University of California, Series 2026 CE | 0.005735 | | | CALIFORNIA ST-A-REF | 0.005671 | | | State of California | 0.005665 | | ## Sources - N-PORT (fund A) — accession `0000035402-26-002544` (as of 2026-02-28) - N-PORT (fund B) — accession `0000940400-26-014268` (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 _