# Portfolio overlap — GCAL vs CAM Comparing **Goldman Sachs Dynamic California Municipal Income ETF** (2026-02-28) and **AB California Intermediate Municipal ETF** (2026-02-28). - Shared positions: 24 - Goldman Sachs Dynamic California Municipal Income ETF covered by AB California Intermediate Municipal ETF: 0.05292242813588163902020227717 - AB California Intermediate Municipal ETF covered by Goldman Sachs Dynamic California Municipal Income ETF: 0.05292242813588163902020227718 ## Goldman Sachs Dynamic California Municipal Income ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | Los Angeles County Public Works Financing Authority, California, Lease Revenue Bonds, Mulitple Capital Projects I, Build America Taxable Bond Series 2 | 0.017073 | | | GUAM WTRWKS AUTH-A | 0.011494 | | | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK NATIONAL CHARTR | 0.010997 | | | UNITED STATES VIRGIN ISLANDS FEDERAL EXCISE TAX 5.0% 10-01-39 | 0.010141 | | | CALIFORNIA ST MUNI FIN AUTH MF HSG REVENUE | 0.009569 | ✓ | | UNIV OF CALIFORNIA CA RGTS MED UNVHGR 05/45 ADJUSTABLE VAR | 0.009500 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB | 0.009355 | | | PUERTO RICO SALES TAX FING COR REGD ZCP OID B/E 0.00000000 | 0.009332 | | | RESTRUCTURED-SER A1 | 0.009137 | | | CA SUOSCD 0 02/01/2031 | 0.008981 | | | Santa Rita Union Elementary School District Sch Facs Improvement Dist No 2022-1 | 0.008493 | | | Chino Community Facilities District | 0.008440 | | | STHERN CA LOGISTICS-A | 0.008430 | | | City of Glendale, Series 2025 | 0.008416 | | | SAN MATEO CA US 5% 9/1/2032 | 0.008373 | | | CA OXNSCD 0 02/01/2031 | 0.008359 | | | CITY & COUNTY SAN FRANCISCO CA INFRASTRUCTURE & REVITALIZATION FING DIST 1 FACS 5.0% 09-01-35 | 0.008324 | | | LOS ANGELES WTR & PWR | 0.008183 | | | TRANSBAY JT PWRS-A | 0.008035 | ✓ | | SAN MARCOS SD-B | 0.007980 | | | REDDING JT PWRS -A | 0.007771 | | | CA TXB-VAR PURP | 0.007533 | | | UNIV OF CALIFORNIA CA | 0.007479 | | | CA MUNI FIN AUTH-A | 0.007443 | | | State of California, Series 2007 | 0.007427 | | | California Community Choice Financing Authority, Series F | 0.007354 | ✓ | | CALIFORNIA ST HLTH FACS FING A CASMED 08/48 FIXED 4 | 0.007326 | | | SACRAMENTO CNTY CA ARPT SYS REVENUE | 0.007316 | | | RESTRUCTURED-SER A-2 | 0.007290 | | | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE | 0.007244 | | | CA PCFA WTR FUR 5% 7/1/2029 | 0.007221 | ✓ | | PALM DESERT -REF | 0.007124 | | | GUAM PWR AUTH REVENUE GUAM POWER AUTHORITY | 0.007098 | | | CALIFORNIA ST MUNI FIN AUTH RE CALIFORNIA MUNICIPAL FINANCE AUTHORITY | 0.007026 | | | Los Angeles County Public Works Financing Authority, Series 2025, RB | 0.006957 | | | UNIV OF CALIFORNIA CA REVENUES | 0.006956 | | | LOS ANGELES WTR-A-REF | 0.006933 | ✓ | | Inglewood Joint Powers Authority, Series 2025 | 0.006889 | | | City of San Jose CA | 0.006870 | | | Municipal Improvement Corp of Los Angeles | 0.006865 | | | Goldman Sachs Trust - Goldman Sachs Financial Square Treasury Instruments Fund | 0.006861 | | | Los Angeles (City of), CA Department of Airports, Series 2018 B, Ref. RB | 0.006691 | | | Glendale (City of), AZ, Series 2025, RB | 0.006661 | | | Territory of Guam, Series 2025G | 0.006620 | | | Sacramento (County of), CA, Series 2018 C, Ref. RB | 0.006592 | | | California Health Facilities Financing Authority | 0.006527 | | | SACRAMENTO-WTR REV | 0.006513 | | | City of Atwater CA Wastewater Revenue | 0.006507 | | | UNITED AIRLINES INC 4.0% 07-15-29 | 0.006502 | ✓ | | American Samoa Economic Development Authority, Series 2025 B | 0.006478 | | ## AB California Intermediate Municipal ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | Los Angeles (City of), CA, Series 2025, RN | 0.044433 | | | UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.00000000 | 0.017727 | | | California Community Choice Financing Authority, Series 2023 E-1 | 0.015978 | | | DESERTXPRESS ENTERPRISES LLC (MPT) 3.5% 01-01-65 | 0.014277 | | | CALIFORNIA COMMUNITY VAR | 0.014005 | | | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV | 0.013337 | | | Bay Area Toll Authority | 0.011656 | ✓ | | San Francisco City & County Airport Comm-San Francisco International Airport | 0.010379 | | | SAN DIEGO CNTY CA REGL ARPT AUTH AIRPORT REVENUE | 0.009987 | | | CALIFORNIA COMMUNITY VAR | 0.009747 | ✓ | | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Second Series 2024, Ref. RB | 0.009639 | ✓ | | LOS ANGELES WTR-A-REF | 0.009575 | ✓ | | NRTHRN CA ENRGY | 0.009493 | | | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 C, RB | 0.009468 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB | 0.009310 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB | 0.009286 | | | California (State of) Housing Finance Agency, Series 2019 A-2, RB | 0.009003 | | | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023, RB | 0.008989 | | | UNITED AIRLINES INC 4.0% 07-15-29 | 0.008892 | ✓ | | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE | 0.008875 | | | YUCAIPA VLY WTR DIST FING AUTH REVENUE | 0.008822 | | | BURBANK GLENDALE PASADENA CA ARPT AUTH ARPT REVENUE | 0.008540 | | | Los Angeles Unified School District, Series 2018B-1 | 0.008408 | | | California (State of) Housing Finance Agency, Series 2021-1A, Revenue Ctfs. | 0.008317 | | | California Community Choice Financing Authority, Series C | 0.007244 | | | SAN JOAQUIN VLY CLEAN ENERGY AUTH CA CLEAN ENERGY REVENUE | 0.007144 | | | California (State of) Housing Finance Agency (Social Certificates), Series 2021-2A, Revenue Ctfs. | 0.006915 | | | State of California | 0.006481 | | | CA ST PUB WKS-A | 0.006429 | | | SOUTHERN CALIFORNIA EDISON CO 4.5% 11-01-33 | 0.006324 | | | CALIFORNIA COMMUNITY VAR | 0.006299 | | | CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.006200 | | | MSR Energy Authority, Series B | 0.006077 | | | NJ TRANSP 5% 6/15/29 | 0.005911 | | | California Community Choice Financing Authority, Series F | 0.005846 | ✓ | | M-S-R Energy Authority, Series A | 0.005827 | | | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2024 A | 0.005802 | | | UNIV OF CALIFORNIA CA REVENUES | 0.005757 | | | CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.005741 | | | CALIFORNIA COMMUNITY VAR | 0.005723 | | | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE | 0.005475 | | | CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.005463 | | | CALIFORNIA ST UNIV REVENUE | 0.005314 | | | CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.005314 | | | CALIFORNIA ST INFRASTRUCTURE & REGD B/E 3.25000000 | 0.005190 | | | San Francisco City & County Airport Comm-San Francisco International Airport, Series C | 0.005183 | | | CA UNIV REVENUE-A-REF | 0.005119 | | | LOS ANGELES DEPT-B | 0.004981 | | | CA ST | 0.004920 | | | San Diego County Regional Airport Authority | 0.004887 | ✓ | ## Sources - N-PORT (fund A) — accession `0000940400-26-015189` (as of 2026-02-28) - N-PORT (fund B) — accession `0001410368-26-040382` (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 _