# Portfolio overlap — SCACX vs LCFIX Comparing **Western Asset California Municipals Fund** (2026-02-27) and **Lord Abbett California Tax-Free Income Fund** (2026-03-31). - Shared positions: 20 - Western Asset California Municipals Fund covered by Lord Abbett California Tax-Free Income Fund: 0.07370960706050426591316080778 - Lord Abbett California Tax-Free Income Fund covered by Western Asset California Municipals Fund: 0.07370960706050426591316080776 ## Western Asset California Municipals Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | LOS ANGELES COUNTY PUBLIC WORKS FINANCING AUTHORITY (TOBS) | 0.075258 | | | CHANNELSIDE WATER RESOURCES LP 5.0% 11-21-45 | 0.050773 | ✓ | | NRTHRN CA ENRGY | 0.038262 | | | CALIFORNIA COMMUNITY VAR | 0.032705 | ✓ | | Long Beach (City of), CA Bond Finance Authority, Series 2007 A, RB | 0.029465 | | | STHRN CA PUBLIC PWR AUTH NATURAL GAS PROJ REVENUE | 0.026291 | ✓ | | San Diego County Regional Airport Authority, Series B | 0.026163 | | | STATE OF CALIFORNIA 5.0% 11-01-50 | 0.025973 | | | Sacramento Municipal Utility District, Series 2024M | 0.025689 | ✓ | | Los Angeles Department of Water & Power, Series 2017C | 0.024628 | | | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2019 E | 0.024474 | | | California Community Choice Financing Authority, Series A | 0.020195 | ✓ | | CALIFORNIA ST MUNI FIN AUTH REVENUE | 0.019642 | ✓ | | Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2018C | 0.019641 | | | CALIFORNIA STWD CMNTYS DEV AUT CASGEN 12/49 FIXED 5 | 0.019049 | | | California (State of) Health Facilities Financing Authority (Stanford Health Care), Series 2020 A, Ref. RB | 0.018551 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2022 A-1, RB | 0.018544 | | | CALIFORNIA ST INFRASTRUCTURE ECON DEV BANK REVEN | 0.018501 | ✓ | | LA CA AIRPT 5% 5/15/34@ | 0.017067 | | | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2021 A, Ref. RB | 0.015396 | | | STOCKTON PUBLIC FINANCING AUTHORITY | 0.015325 | | | Southern California Water Replenishment District | 0.015133 | | | California Community Choice Financing Authority, Series B-1 | 0.014898 | | | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Second Series 2018 D, RB | 0.014657 | | | Mountain House Public Financing Authority | 0.014424 | | | GOLDEN ST TOBACCO SECURITIZATI REGD B/E 5.00000000 | 0.013950 | ✓ | | Alameda Corridor Transportation Authority, Series 2022C | 0.013787 | ✓ | | LONG BEACH CALIF BD FIN AUTH NAT GAS PUR REV SER A | 0.013106 | | | TOBACCO SECURITIZATION AUTH ST TOBGEN 06/48 FIXED 5 | 0.012643 | | | CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.012117 | | | Port of Los Angeles | 0.011350 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB | 0.011235 | | | Port of Los Angeles 5.00% 08/01/2035 | 0.011196 | | | San Mateo Joint Powers Financing Authority | 0.010231 | | | SAN MATEO JT PWRS-A | 0.010059 | | | California (State of) Infrastructure & Economic Development Bank (UCSF 2130 Third Street), Series 2017, RB | 0.010025 | | | Southern California Water Replenishment District | 0.009949 | | | CA ST UNIV REV 4% 11/1/2045 | 0.009712 | | | CLASSICAL ACADEMY OBLIGATED GROUP 5.0% 10-01-52 | 0.009478 | | | California (State of) Health Facilities Financing Authority (Commonspirit Health), Series 2020 A, Ref. RB | 0.009475 | | | CHF-DAVIS II LLC BAM 4.0% 05-15-46 | 0.009293 | | | CA ST MUNI FIN AUTH-A | 0.008870 | ✓ | | CALIFORNIA ST SCH FIN AUTH COL REGD B/E 5.00000000 | 0.008465 | ✓ | | Folsom Cordova Unified School District | 0.008139 | | | RIVER ISLANDS PUBLIC FINANCING RVIGEN 09/48 FIXED 5 | 0.008042 | ✓ | | RIVER ISLANDS PUBLIC FINANCING RVIGEN 09/53 FIXED OID 5.625 | 0.008025 | | | California (State of) School Finance Authority (KIPP LA), Series 2015 A, RB | 0.007969 | ✓ | | California Community Choice Financing Authority, Series 2023 E-1 | 0.007838 | ✓ | | San Francisco (City & County of), CA Public Utilities Commission (Green Bonds), Series 2023, Ref. RB | 0.007623 | | | CALIFORNIA ST MUNI FIN AUTH REVENUE | 0.007219 | | ## Lord Abbett California Tax-Free Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | CA ST UNIV TRUSTEES-A | 0.012096 | | | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 C, RB | 0.011296 | | | California (State of) Housing Finance Agency (Social Certificates), Series 2021 A, RB | 0.011065 | | | San Diego County Regional Airport Authority, Series 2025B | 0.010015 | | | CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.008974 | | | KAISER FOUNDATION HOSPITALS 5.0% 11-01-47 | 0.008833 | | | State of California | 0.008743 | | | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE | 0.008611 | | | CALIFORNIA COMMUNITY VAR | 0.008596 | | | California Community Choice Financing Authority, Series A | 0.008513 | ✓ | | Long Beach Unified School District | 0.008464 | | | CENTRL VLY CA ENERGY AUTH COMM REGD V/R B/E 5.00000000 | 0.008430 | | | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2025D | 0.008166 | | | Norman Y Mineta San Jose International Airport SJC, Series 2017 A | 0.008100 | | | Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Refunding Subordinate Green Series 2025A | 0.007796 | | | Bay Area Toll Authority, Series 2023 A, VRD Ref. RB | 0.007730 | | | TOBACCO SECURITIZATION AUTH ST TOBGEN 06/48 FIXED 5 | 0.007718 | | | Alameda Corridor Transportation Authority, Series 2022C | 0.007614 | ✓ | | Tender Option Bond Trust Receipts/Certificates | 0.007593 | | | Fresno, California, Airport Revenue Bonds, Series 2023A | 0.007425 | | | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2025 A, RB | 0.007424 | | | San Diego Community College District, Series A-1 | 0.007337 | | | CALIFORNIA ST EDUCTNL FACS AUTH REVENUE | 0.007308 | | | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 D, RB | 0.007211 | | | Los Angeles Department of Water & Power Water System, Series 2025C | 0.007174 | | | CALIFORNIA COMMUNITY VAR | 0.007098 | | | San Diego County Regional Airport Authority, Senior Private Activity, Series 2025B | 0.007051 | | | California Community Choice Financing Authority, Series B | 0.006813 | | | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE | 0.006586 | | | State of California | 0.006539 | | | PUERTO RICO SALES TAX FING COR REGD OID B/E 4.75000000 | 0.006357 | ✓ | | CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.006326 | | | LOS ANGELES DEPT-B | 0.006326 | | | BURBANK GLENDALE PASADENA CA ARPT AUTH ARPT REVENUE | 0.006288 | | | CA CCEDEV 5 03/01/2036 | 0.006267 | | | CHANNELSIDE WATER RESOURCES LP 5.0% 11-21-45 | 0.006199 | ✓ | | California Enterprise Development Authority, Series A | 0.006115 | | | SAN JOAQUIN TRANS-A | 0.006099 | | | San Diego Public Facilities Financing Authority | 0.006079 | | | CALIFORNIA ST SCH FIN AUTH COL REGD B/E 5.00000000 | 0.006072 | ✓ | | CA ST UNIV-A-REF | 0.006039 | | | LOS ANGELES INTL ARPT | 0.006032 | | | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2022 A | 0.005959 | | | RESTRUCTURED-SER A-2- | 0.005939 | | | State of California 5.00% 03/01/2055 | 0.005860 | | | California (State of) Health Facilities Financing Authority (Children's Hospital of Orange), Series 2024, RB | 0.005828 | | | Alvord Unified School District, Series 2023 A, GO Bonds | 0.005800 | | | CALIFORNIA ST MUNI FIN AUTH REVENUE | 0.005790 | | | LAX INTEGRATED EXPRESS SOLUTIONS LLC 4.0% 12-31-47 | 0.005771 | | | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE | 0.005642 | | ## Sources - N-PORT (fund A) — accession `0000940400-26-014629` (as of 2026-02-27) - N-PORT (fund B) — accession `0001410368-26-056350` (as of 2026-03-31) --- _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 _