# Portfolio overlap — MCCAX vs PCTEX Comparing **MFS California Municipal Bond Fund** (2026-03-31) and **Putnam California Tax Exempt Income Fund** (2025-09-30). - Shared positions: 43 - MFS California Municipal Bond Fund covered by Putnam California Tax Exempt Income Fund: 0.08611112867815617748408476459 - Putnam California Tax Exempt Income Fund covered by MFS California Municipal Bond Fund: 0.08611112867815617748408476460 ## MFS California Municipal Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | MFS Institutional Money Market Portfolio, Class A | 0.041574 | | | California Community Choice Financing Authority, Series C | 0.011707 | | | CALIFORNIA COMMUNITY VAR | 0.010073 | | | LOS ANGELES HSG-A | 0.009927 | | | CALIFORNIA MUNICIPAL FINANCE AUTHORITY | 0.009900 | | | OAKLAND UNIF SCH D-A | 0.009228 | | | Inglewood Joint Powers Authority, Series 2025 | 0.007936 | | | California Housing Finance Agency, Series 2026 ISSUE A | 0.007385 | | | CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.007239 | | | CALIFORNIA COMMUNITY VAR | 0.006782 | ✓ | | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Second Series 2023 C, Ref. RB | 0.006694 | | | San Francisco Community College District, Series B | 0.006656 | | | OAKLAND-D | 0.006640 | | | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 C, RB | 0.006630 | | | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023, RB | 0.006560 | | | IRVINE CMNTY FACS DT | 0.006551 | | | San Diego County Regional Airport Authority, Series 2025 B | 0.006524 | | | SAN LUIS OBISPO PUBLIC FINANCI SLOFIN 12/53 FIXED 5 | 0.006501 | | | CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.006478 | | | PUERTO RICO SALES TAX FING COR REGD OID B/E 5.00000000 | 0.006371 | | | Mt. San Antonio Community College District, Series 2013A | 0.006363 | | | CA STWD(ENLOE HLTH SYST)/AGM 5.38% 8/15/57 | 0.006339 | | | CA MUNI FIN AUTH-A | 0.006274 | | | California Housing Finance Agency, Series 2024 ISSUE DD | 0.006218 | | | CALIFORNIA HSG FIN AGY LTD OBLIG MF HSG REVENUE | 0.006159 | | | CALIFORNIA HSG FIN AGY LTD OBLIG MF HSG REVENUE | 0.006159 | | | CALIFORNIA HSG FIN AGY LTD OBLIG MF HSG REVENUE | 0.006157 | | | North Lake Tahoe Public Financing Authority 5.50% 12/01/2047 | 0.005992 | | | SANTA CLARA CY 3% 5/1/2039 | 0.005954 | | | New Hampshire Business Finance Authority, Series 4, Class A | 0.005949 | ✓ | | Clovis Unified School District, Series C | 0.005904 | | | Alameda Corridor Transportation Authority, Series C | 0.005838 | | | UNIV OF CA REGENTS -P | 0.005667 | | | LOS ANGELES DEPT ARPT | 0.005592 | | | CALIFORNIA ST MUNI FIN AUTH RE CASFIN 01/42 FIXED 5 | 0.005414 | | | CALIFORNIA CMNTY CHOICE FING A REGD B/E 5.25000000 | 0.005378 | | | CALIFORNIA COMMUNITY VAR | 0.005370 | | | CA ST UNIV-A-REF | 0.005361 | | | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE | 0.005346 | | | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Second Series 2024, Ref. RB | 0.005336 | | | Ceres Unified School District, Series 2025A | 0.005227 | | | Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Refunding Subordinate Green Series 2025A | 0.005224 | | | Kerman Public Financing Authority, Series 2025 | 0.005204 | | | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2016, RB | 0.005014 | | | CA ST MFA COP 5.25% 11/1/2052 | 0.005008 | ✓ | | CA MUNI FIN AUTH-A | 0.005004 | ✓ | | BEVERLY HILLS USD CAB | 0.004996 | | | REPUBLIC SERVICES INC (MPT) 3.875% 03-01-54 | 0.004980 | | | INDIO PUB FING AUTH-A | 0.004931 | | | GOLDEN ST TOBACCO SECURITIZATI REGD B/E 5.00000000 | 0.004907 | ✓ | ## Putnam California Tax Exempt Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | California State Public Works Board (TOBs) | 0.018612 | | | Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2018 A, RB | 0.015506 | | | CHANNELSIDE WATER RESOURCES LP 5.0% 11-21-45 | 0.015354 | | | FREDDIE MAC MULTIFAMILY ML CERTIFICATES SER 2019-ML05 CL ACA 3.35000000 | 0.014701 | | | Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Senior Green Series 2022G | 0.014085 | | | TOBACCO SECURITIZATION AUTH ST TOBGEN 06/48 FIXED 5 | 0.013623 | | | New Hampshire Business Finance Authority, Series 4, Class A | 0.013222 | ✓ | | CALIFORNIA COMMUNITY VAR | 0.012892 | ✓ | | Chabot-Las Positas Community College District, Series C | 0.011479 | | | SAN DIEGO HSG AUTH-E | 0.011406 | | | CA MUNI FIN AUTH-A | 0.011393 | | | M-S-R Energy Authority, Series A | 0.011331 | | | San Francisco City & County Public Utilities Commission Power, Series 2023A | 0.011212 | ✓ | | Los Angeles Department of Water & Power, Series 2022A | 0.011066 | | | CALIFORNIA ST STWD CMNTYS DEV REGD B/E 5.00000000 | 0.010909 | | | CHF-DAVIS II LLC BAM 3.0% 05-15-51 | 0.010587 | | | SWEETWATER UNION HIGH SCHOOL D SWESCD 08/52 FIXED 5 | 0.010515 | | | CALIFORNIA COMMUNITY VAR | 0.010397 | | | NRTHRN CA ENRGY | 0.009988 | | | CA ST MFA COP 5.25% 11/1/2052 | 0.009451 | ✓ | | State of California | 0.009127 | | | CA MUN FIN AUTH | 0.009033 | | | LOS ANGELES DEPT OF W | 0.008987 | | | Alameda Corridor Transportation Authority, Series 2022A | 0.008875 | | | California Community Choice Financing Authority, Series F | 0.008389 | | | CSCDA Community Improvement Authority, Series 2021 A-2 | 0.008281 | | | Long Beach (City of), CA Bond Finance Authority, Series 2007 A, RB | 0.008219 | | | CSCDA Community Improvement Authority, Series A-2 | 0.008151 | | | CHF-RIVERSIDE I LLC 5.0% 05-15-43 | 0.008045 | | | California (State of) School Finance Authority (Green Dot Public Schools), Series 2018 A, RB | 0.008013 | ✓ | | California Community Housing Agency, Series A-1 | 0.007983 | ✓ | | CA MUNI FIN AUTH-A | 0.007776 | ✓ | | California Infrastructure & Economic Development Bank, Series 2022 B | 0.007733 | | | GOLDEN ST TOBACCO SECURITIZATI REGD B/E 5.00000000 | 0.007600 | ✓ | | California County Tobacco Securitization Agency, Series 2014 | 0.007472 | | | SF BART/MTC 3% 8/1/49 | 0.007398 | | | Grays Harbor Public Hospital District 1, Washington, Revenue Bonds, Summit Pacific Medial Center Series 2023 | 0.007315 | | | CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.007197 | | | FREDDIE MAC MULTIFAMILY ML CERTIFICATES SER 2024-ML25 CL ACA V/R 3.54109800 | 0.007190 | | | COLBURN SCHOOL (MPT) 1.75% 08-01-55 | 0.006982 | ✓ | | HUMANGOOD CALIFORNIA OBLIGATED GROUP 4.0% 10-01-44 | 0.006779 | | | City of Los Angeles CA | 0.006756 | | | INDIO PUB FING AUTH-A | 0.006659 | | | South Tahoe Joint Powers Financing Authority, Series 2023 A, RB | 0.006598 | | | California (State of) Educational Facilities Authority (University of the Pacific), Series 2023, RB | 0.006385 | | | California Community Housing Agency, Series 2020 A | 0.006192 | | | California (State of) School Finance Authority (Granada Hills Charter Obligated Group), Series 2019, RB | 0.006189 | | | SAN FRANCISCO BAY-F1 | 0.005979 | | | Putnam Short Term Investment Fund, Class P | 0.005918 | | | S TAHOE CA JT PWRS FING AUTH L STHPWR 10/48 FIXED 5.25 | 0.005810 | | ## Sources - N-PORT (fund A) — accession `0002071691-26-011424` (as of 2026-03-31) - N-PORT (fund B) — accession `0002071691-25-006482` (as of 2025-09-30) --- _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 _