# Portfolio overlap — PCTEX vs DRCAX Comparing **Putnam California Tax Exempt Income Fund** (2025-09-30) and **BNY Mellon California AMT-Free Municipal Bond Fund, Inc.** (2026-02-28). - Shared positions: 19 - Putnam California Tax Exempt Income Fund covered by BNY Mellon California AMT-Free Municipal Bond Fund, Inc.: 0.05500080752402246571604639243 - BNY Mellon California AMT-Free Municipal Bond Fund, Inc. covered by Putnam California Tax Exempt Income Fund: 0.05500080752402246571604639242 ## 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 | | ## BNY Mellon California AMT-Free Municipal Bond Fund, Inc. — top positions | Security | Weight | Shared | |----------|--------|--------| | Palomar Community College District (Election of 2006), Series 2010, GO Bonds | 0.031314 | | | LA CA AIRPT 5% 5/15/2032 @ | 0.024431 | | | CALIFORNIA COMMUNITY VAR | 0.022978 | | | PORT OF LOS ANGELES (TOBS) | 0.019372 | | | S SAN FRANCISCO USD | 0.018729 | | | Allan Hancock Joint Community College District, Series 2012C | 0.017224 | | | CA STWD CMNTYS DEV-B | 0.017208 | | | San Francisco City & County Airport Comm-San Francisco International Airport | 0.016954 | | | GOLDEN ST TOBACCO SECURITIZATI REGD B/E 5.00000000 | 0.016275 | ✓ | | FOOTHILL ESTRN TRANSP | 0.015007 | | | California Community Choice Financing Authority, Series F | 0.014902 | | | CALIFORNIA COMMUNITY VAR | 0.014347 | | | Hesperia Community Redevelopment Agency Successor Agency | 0.013918 | | | SACRAMENTO CNTY CA ARPT SYS REVENUE | 0.012328 | | | SAN FRANCISCO CITY & COUNTY AIRPORT COMM-SAN FRANCISCO INTERNATIONAL AIRPORT 5.25% 05-01-55 | 0.012169 | | | Orange County Community Facilities District 5.00% 08/15/2041 | 0.011592 | | | SACRAMENTO CNTY CA ARPT SYS REVENUE | 0.011419 | | | CALIFORNIA ST MUNI FIN AUTH REVENUE | 0.010953 | | | California (State of) Health Facilities Financing Authority (City of Hope), Series 2019, RB | 0.010828 | | | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 D, RB | 0.010242 | | | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE | 0.010129 | | | Los Angeles Department of Water & Power, Series E | 0.009992 | | | CA MUNI FIN AUTH-A | 0.009919 | ✓ | | UNITED AIRLINES INC 4.0% 07-15-29 | 0.009801 | | | CA MUNI FIN AUTH-A | 0.009722 | | | GOLDEN ST TOBACCO SECURITIZATI REGD ZCP OID B/E 0.00000000 | 0.009670 | | | Yosemite Community College District, Series 2010D | 0.009312 | | | SAN DIEGO REGL -A | 0.009240 | | | TOBACCO SECURITIZATION AUTH ST TOBGEN 06/48 FIXED 5 | 0.009239 | | | FRONT PORCH COMMUNITIES & SERVICES OBLIGATED GROUP 4.0% 04-01-51 | 0.009220 | | | California (State of) Housing Finance Agency (Social Certificates), Series 2021 A, RB | 0.008935 | | | FHLMC Multifamily VRD Certificates | 0.008808 | | | CA STWD FRONT PORCH COMM SVCS 17A SF 5.0% 04-01-47 | 0.008783 | | | California Health Facilities Financing Authority | 0.008533 | | | CA MUN FIN AUTH-A-1 | 0.008238 | | | FHLMC MULTIFAMILY VRD CERTIFICATES 3.05% 04-15-34 | 0.008214 | | | Anaheim Community Facilities District | 0.008197 | | | RIVER ISLANDS PUBLIC FINANCING RVIGEN 09/54 FIXED 5 | 0.008172 | | | LOS ANGELES DEPT-B | 0.008039 | | | State of California, Series 2007 | 0.007837 | | | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2019, RB | 0.007792 | | | CALIFORNIA ST HSG FIN AGY MULTIFAMILY GREEN TAX EXEMPT | 0.007683 | | | California (State of) Housing Finance Agency, Series 2019 A, RB | 0.007588 | ✓ | | California Educational Facilities Authority, Series 2017 A | 0.007519 | | | California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.), Series 2020 A, Ref. RB | 0.007286 | | | CA MUN FIN SCH 5% 7/1/2046 | 0.007157 | | | CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.006940 | | | STATE OF CALIFORNIA 4.0% 09-01-43 | 0.006921 | | | Central Valley Energy Authority, Series 2026 | 0.006874 | | | EISENHOWER MEDICAL CENTER 5.0% 07-01-42 | 0.006803 | | ## Sources - N-PORT (fund A) — accession `0002071691-25-006482` (as of 2025-09-30) - N-PORT (fund B) — accession `0000940400-26-014306` (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 _