# Portfolio overlap — FLMB vs LTCAX Comparing **Franklin Municipal Green Bond ETF** (2026-03-31) and **Thornburg California Limited Term Municipal Fund** (2026-03-31). - Shared positions: 4 - Franklin Municipal Green Bond ETF covered by Thornburg California Limited Term Municipal Fund: 0.06705752852506908200381550770 - Thornburg California Limited Term Municipal Fund covered by Franklin Municipal Green Bond ETF: 0.06705752852506908200381550770 ## Franklin Municipal Green Bond ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | California Community Choice Financing Authority, Series 2023 E-1 | 0.043535 | ✓ | | CALIFORNIA ST MUNI FI | 0.040722 | | | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 C, RB | 0.039365 | ✓ | | San Diego County Regional Airport Authority, Series 2021B | 0.038931 | | | INTERMOUNTAIN PWR AGY | 0.036747 | | | Illinois Finance Authority, Series 2023 A | 0.036374 | | | CNTRL VLY WTR RECLAMATION FAC UT SWR REVENUE | 0.033696 | | | City of Atlanta, Series 2023 E | 0.029556 | | | Port of Portland, Series 29 | 0.027473 | | | Vermont Educational & Health Buildings Financing Agency | 0.023741 | | | MARYLAND ST ECON DEV CORP PRIV REGD B/E AMT 5.25000000 | 0.023706 | | | Wisconsin (State of) Public Finance Authority (Green Bonds), Series 2021, RB | 0.022604 | | | CENTRL PUGET SOUND WA REGL TRANSIT AUTH SALES TAX & MOTOR VE | 0.022567 | | | AMERICAN MUN PW 5% 2/15/2044 | 0.019961 | | | NY LIBERTY DEV CORP-A | 0.019891 | | | NEWARK NJ MASS TRANSIT ACCESS TRANSIT TAX REVENUE | 0.018729 | | | CALIFORNIA ST MUNI FIN AUTH STUDENT HSG REVENUE | 0.018073 | | | Massachusetts Housing Finance Agency | 0.017936 | | | MINNESOTA ST HGR EDU FACS AUTH REVENUE | 0.017899 | | | NY MTA TRANSP 5% 11/15/2050 | 0.017894 | | | Santa Cruz County Capital Financing Authority | 0.017645 | | | CA ST PUB WKS-D | 0.016621 | | | District of Columbia Water & Sewer Authority, Series 2019 A, RB | 0.016602 | | | PHILADELPHIA PA ENERGY AUTH | 0.014097 | | | Harris (County of), TX Flood Control District (Green Bonds), Series 2022 A, GO Bonds | 0.013474 | | | California Community Choice Financing Authority, Series F | 0.012615 | | | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023, RB | 0.012323 | ✓ | | UNIV HOSPS CLINICS AUTH WI UNVMED 04/46 FIXED 4 | 0.012261 | | | School District of Philadelphia/The | 0.012051 | | | District of Columbia, Series 2022 A | 0.011930 | | | Alameda Community Facilities District No. 22-1, California, Alameda Marina, Special Tax Bonds, Green Series 2023 | 0.011842 | | | Terrebonne Levee & Conservation District Sales Tax Revenue | 0.011607 | | | MASSACHUSETTS ST HSG FIN AGY | 0.011597 | | | CA ST PUB WKS-D | 0.011564 | | | CA MUNI FIN AUTH | 0.011458 | | | District of Columbia, Series 2022 A | 0.011313 | | | Vermont (State of) Educational & Health Buildings Financing Agency (University of Vermont Medical Center) (Green Bonds), Series 2016, RB | 0.011175 | | | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE | 0.010772 | | | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2022 | 0.009886 | | | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE | 0.009809 | | | NY LIBERTY DEV 3% 9/15/2043 | 0.009657 | | | Babcock Ranch Community Independent Special District, Series 2020 | 0.009410 | | | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2021 | 0.008496 | | | NJ ST EDU AUT 5% 7/1/2032 | 0.008106 | | | District of Columbia | 0.007093 | | | NEWARK NJ BRD OF EDU | 0.007051 | | | ILLINOIS ST FIN AUTH REVENUE REGD B/E 4.00000000 | 0.006805 | | | MET TRANSPRTN AUTH NY REVENUE | 0.006694 | | | PORT OF PORTLAND OR ARPT REVENUE | 0.006516 | | | OH AMEPWR 4 02/15/2041 | 0.006437 | | ## Thornburg California Limited Term Municipal Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Regents of the University of California Medical Center Pooled Revenue | 0.038940 | | | CALIFORNIA COMMUNITY VAR | 0.028508 | | | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 C, RB | 0.025270 | ✓ | | California Community Choice Financing Authority, Series 2023 E-1 | 0.025171 | ✓ | | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE | 0.020231 | | | California Community Choice Financing Authority, Series F | 0.019740 | | | SAN JOAQUIN VLY CLEAN ENERGY AUTH CA CLEAN ENERGY REVENUE | 0.017846 | | | LOS ANGELES HSG -A | 0.016954 | | | KAISER FOUNDATION HOSPITALS (MPT) 5.0% 06-01-41 | 0.016318 | | | CALIFORNIA COMMUNITY VAR | 0.015554 | | | CA ST UNIV REV 3.125% 11/1/2051 MT | 0.014354 | | | CALIFORNIA HSG FIN AGY AFFORDABLE HSG REVENUE | 0.014317 | | | REPUBLIC SERVICES INC (MPT) 4.375% 09-01-53 | 0.014150 | | | California Community Choice Financing Authority, Series B | 0.014115 | | | DEL SUR FAMILY HOUSING LP (MPT) 5.0% 05-01-54 | 0.013365 | | | California Community Choice Financing Authority, Series 2025G | 0.012955 | | | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE | 0.012440 | | | SOUTHERN CALIFORNIA EDISON CO 4.5% 11-01-33 | 0.012153 | | | REPUBLIC SERVICES INC (MPT) 2.875% 07-01-43 | 0.011955 | | | San Francisco City & County Airport Comm-San Francisco International Airport | 0.011440 | | | San Diego County Regional Airport Authority | 0.011327 | | | SAN FRANCISCO CITY & COUNTY AIRPORT COMM-SAN FRANCISCO INTERNATIONAL AIRPORT | 0.011046 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2023, RB | 0.010808 | ✓ | | CALIFORNIA STWD CMNTYS DEV AUT REGD V/R B/E 5.00000000 | 0.010442 | | | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023, RB | 0.010405 | ✓ | | WASTE MANAGEMENT INC (MPT) 4.2% 11-01-38 | 0.010359 | | | Los Angeles Community College District, Series 2024 | 0.010354 | | | State of California | 0.010301 | | | WASTE MANAGEMENT INC (MPT) 3.45% 12-01-44 | 0.010271 | | | UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.00000000 | 0.009859 | | | SAN JOSE CA MF HSG REVENUE | 0.009490 | | | WASTE MANAGEMENT INC (MPT) 3.45% 10-01-41 | 0.009410 | | | CHF-IRVINE LLC BAM 5.0% 05-15-32 | 0.009086 | | | Los Angeles County Development Authority | 0.008923 | | | Los Angeles County Development Authority, West LA Building 156 and 157 Apartments, Series 2023C | 0.008807 | | | SAN DIEGO CNTY CA REGL ARPT AUTH AIRPORT REVENUE | 0.008762 | | | CALIFORNIA HSG FIN AGY AFFORDABLE HSG REVENUE | 0.008557 | | | SOUTHERN CALIFORNIA EDISON CO 1.75% 09-01-29 | 0.008000 | | | CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.007761 | | | RIVERSIDE CNTY CA PUBLIC FINGAUTH | 0.007627 | | | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV | 0.007601 | | | CALIFORNIA ST MUNI FIN AUTH STUDENT HSG REVENUE | 0.007478 | | | CENTRL VLY CA ENERGY AUTH COMM REGD V/R B/E 5.00000000 | 0.007341 | | | FOOTHILL FAMILY PRESERVATION LP (MPT) 2.75% 05-01-44 | 0.007127 | | | PROVIDENCE ST JOSEPH HEALTH OBLIGATED GROUP (MPT) 5.0% 10-01-39 | 0.007056 | | | State of California | 0.007035 | | | SAN JOSE HSG REV-F-2 | 0.006860 | | | California Statewide Communities Development Authority, Series 2026A | 0.006858 | | | CA ST MFA SW 3.85% MT @ | 0.006846 | | | SACRAMENTO CNTY CA ARPT SYS REVENUE | 0.006753 | | ## Sources - N-PORT (fund A) — accession `0000940400-26-020746` (as of 2026-03-31) - N-PORT (fund B) — accession `0001410368-26-051183` (as of 2026-03-31) --- _Informational only — not investment advice. 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