# Portfolio overlap — LTCAX vs SWCAX Comparing **Thornburg California Limited Term Municipal Fund** (2026-03-31) and **Schwab California Tax-Free Bond Fund** (2026-02-28). - Shared positions: 25 - Thornburg California Limited Term Municipal Fund covered by Schwab California Tax-Free Bond Fund: 0.06273782612117886776780419000 - Schwab California Tax-Free Bond Fund covered by Thornburg California Limited Term Municipal Fund: 0.06273782612117886776780418999 ## 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 | | ## Schwab California Tax-Free Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Los Angeles (City of), CA, Series 2025, RN | 0.013670 | ✓ | | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES | 0.013360 | | | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 D, RB | 0.010678 | | | State of California, Series 2024, GO Bonds | 0.010063 | | | UNIV OF CALIFORNIA CA REVENUES | 0.009817 | | | San Francisco City & County Airport Comm-San Francisco International Airport, Series C | 0.009678 | | | UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.00000000 | 0.009353 | | | Beverly Hills Unified School District | 0.009208 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2022 A-1, RB | 0.008550 | | | California Community Choice Financing Authority, Series F | 0.008199 | | | UNIV OF CALIFORNIA CA REVENUES | 0.007958 | | | Bay Area Toll Authority, Series 2026A | 0.007847 | | | California Community Choice Financing Authority, Series 2026 A-1 | 0.007419 | ✓ | | CALIFORNIA COMMUNITY VAR | 0.007253 | ✓ | | Los Angeles County Public Works Financing Authority, Series 2024H | 0.007234 | | | ONTARIO CA PUBLIC FING AUTH LEASE REVENUE | 0.007210 | | | Riverside County Transportation Commission, Series 2021B-1 | 0.006791 | | | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 C, RB | 0.006734 | ✓ | | LOS ANGELES DEPT-B | 0.006725 | | | State of California, Series 2007 | 0.006322 | | | SAN FRANCISCO CITY & COUNTY AIRPORT COMM-SAN FRANCISCO INTERNATIONAL AIRPORT 5.0% 05-01-37 | 0.006298 | | | UNIVERSITY OF SOUTHERN CALIFORNIA 5.0% 10-01-35 | 0.006288 | | | RAVENSWOOD CITY SCHOOL DISTRICT/CA | 0.006190 | | | P3 IRVINE SL HOLDINGS LLC OBLIGATED GROUP 6.5% 06-01-54 | 0.005713 | | | California Community Choice Financing Authority, Series B | 0.005570 | ✓ | | Central Valley Energy Authority, Series 2026 | 0.005513 | ✓ | | CA ST PUB WKS BRD-REF | 0.005443 | | | NRTHRN CA ENRGY | 0.005401 | ✓ | | State of California, Series 2022 | 0.005358 | | | San Bernardino Community College District (Election of 2018), Series 2023 B, GO Bonds | 0.005233 | | | Los Angeles (City of), CA, Series 2025, RB | 0.005232 | | | Rib Floater Trust Various States | 0.005177 | | | LOS ANGELES UNIF SD-A | 0.005065 | | | California State University | 0.005010 | | | CALIFORNIA ST-REF | 0.004985 | | | LOS ANGELES -C-REF | 0.004923 | | | State of California | 0.004869 | | | CA STWD CMNTYS DEV-A | 0.004835 | | | HASTINGS CAMPUS HSG FIN AUTH C HCHGEN 07/45 FIXED 5 | 0.004637 | | | State of California, Series 2025, GO Bonds | 0.004438 | | | Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Refunding Subordinate Green Series 2025A | 0.004429 | | | CA STWD CMNTYS DEV-B | 0.004425 | | | COMMONSPIRIT HEALTH OBLIGATED GROUP 4.0% 04-01-45 | 0.004421 | | | California (State of) Municipal Finance Authority (Aldersly), Series 2023 A, RB | 0.004359 | | | San Diego County Regional Airport Authority | 0.004355 | ✓ | | Los Alamitos Unified School District | 0.004345 | | | STHRN CA PUBLIC SER-1 | 0.004335 | | | San Francisco City & County Airport Comm-San Francisco International Airport | 0.004306 | | | Palmdale Elementary School District | 0.004301 | | | CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.004283 | | ## Sources - N-PORT (fund A) — accession `0001410368-26-051183` (as of 2026-03-31) - N-PORT (fund B) — accession `0001410368-26-039957` (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 _