# Portfolio overlap — SCMB vs VTEC Comparing **Schwab Municipal Bond ETF** (2026-03-31) and **VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF** (2026-02-28). - Shared positions: 1014 - Schwab Municipal Bond ETF covered by VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF: 0.1227459230270972332761909959 - VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF covered by Schwab Municipal Bond ETF: 0.1227459230270972332761909964 ## Schwab Municipal Bond ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | NEW YORK NY | 0.002702 | | | MASSACHUSETTS ST | 0.002519 | | | Gwinnett County School District, Series 2025, GO Bonds | 0.002481 | | | NEW YORK-G-G-1 | 0.002406 | | | PENNSYLVANIA ST-1ST | 0.002368 | | | NASHVILLE& DAVIDSON-A | 0.002365 | | | NEW YORK NY | 0.002249 | | | NYC TRANSITIONAL-F-1 | 0.002226 | | | State of California Department of Water Resources | 0.002192 | ✓ | | State of Oregon Department of Transportation, Series 2024A | 0.002113 | | | NYC TRANSITIONAL-S-1A | 0.002043 | | | GWINNETT GA SD 5% 2/1/2032 | 0.002013 | | | LOS ANGELES UNIF SD-A | 0.001979 | ✓ | | WASHING ST -C | 0.001973 | | | Pennsylvania Turnpike Commission, Series 2023-1 | 0.001935 | | | NEW YORK CITY NY MUNI | 0.001919 | | | State of California | 0.001914 | ✓ | | Louisville & Jefferson County Metropolitan Sewer District, Series 2024A | 0.001913 | | | MASSACHUSETTS ST | 0.001827 | | | MASSACHUSETTS ST DEV FIN AGY R REGD N/C B/E 5.00000000 | 0.001798 | | | Washington (State of), Series 2018 C, GO Bonds | 0.001747 | | | State of Maryland, Series 2023A | 0.001726 | | | IN FIN REV 5% 2/1/2039 | 0.001706 | | | NYC NY 5% 8/1/2034 | 0.001697 | | | NORTHWEST TX INDEP SCH DIST REGD B/E PSF-GTD 5.00000000 | 0.001695 | | | STATE OF CALIFORNIA 5.0% 04-01-49 | 0.001695 | ✓ | | MTA HUDSON RAIL YRD-A | 0.001687 | | | State of Connecticut 4.00% 01/15/2035 | 0.001663 | | | STATE OF CALIFORNIA 5.0% 09-01-31 | 0.001652 | ✓ | | UNIV CA REGENTS-CE | 0.001643 | ✓ | | NY STATE UR D 5% 3/15/2036 | 0.001631 | | | NEW YORK ST DORM AUTH SALES TAX REVENUE | 0.001612 | | | Highland Park Independent School District, Series 2024 | 0.001612 | | | PRIV CLGS & UNIVS AUTH GA | 0.001611 | | | NYC WTR 5.25% 6/15/55 | 0.001611 | | | County of Wake, Series 2023A | 0.001608 | | | ILLINOIS FN RV 5% 4/1/2034 | 0.001604 | | | NYC TRANSITIONAL-E-1 | 0.001595 | | | City of Alexandria | 0.001587 | | | MA ST-A | 0.001572 | | | State of California, Series 2024 | 0.001565 | ✓ | | State of Connecticut | 0.001548 | | | UNIV OF CA REGENTS-BQ | 0.001545 | ✓ | | WA ST-SER R-2023A-REF | 0.001545 | | | OH TPK 5% 2/15/2046 | 0.001538 | | | Chicago Transit Authority, Series A | 0.001525 | | | NEW YORK-D | 0.001519 | | | GREAT LAKES WTR 5.25% 7/1/2047 | 0.001515 | | | WILLIAMSON CO-NTS | 0.001512 | | | Texas Water Development Board, Series 2020 | 0.001512 | | ## VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | Southern California Public Power Authority, Series A | 0.005932 | | | UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.00000000 | 0.005505 | | | Bay Area Toll Authority, Series 2026A | 0.005146 | | | Irvine Ranch Water District, Series 2009 A, VRD RB | 0.003231 | | | LOS ANGELES UNIF SD-A | 0.003227 | ✓ | | LOS ANGELES UNIF SD-A | 0.003220 | ✓ | | Bay Area Toll Authority, Series 2023 A, VRD Ref. RB | 0.003088 | | | LOS ANGELES UNIF SD-A | 0.002989 | ✓ | | Los Angeles Department of Water & Power, Series 2025A | 0.002720 | ✓ | | STATE OF CALIFORNIA 4.0% 03-01-36 | 0.002497 | ✓ | | UNIV OF CALIFORNIA CA REVENUES REGD B/E 5.00000000 | 0.002483 | | | CALIFORNIA ST EDUCTNL FACS AUTH REVENUE | 0.002421 | ✓ | | UNIV OF CALIFORNIA CA REVENUES REGD B/E 5.50000000 | 0.002383 | ✓ | | E CO AWP JT PWRS-A-1 | 0.002360 | ✓ | | STATE OF CALIFORNIA | 0.002358 | ✓ | | SAN FRANCISCO USD | 0.002302 | | | UNIV OF CALIFORNIA CA | 0.002238 | ✓ | | IRVINE CA IMPT BOND ACT 1915 | 0.002207 | | | State of California | 0.002121 | ✓ | | CALIFORNIA ST EDUCTNL | 0.001954 | ✓ | | BAY AREA TOLL AUTHORITY FRN 04-01-55 | 0.001950 | | | LOS ANGELES DEPT-C | 0.001930 | ✓ | | UNIV OF CALIFORNIA CA REVENUES | 0.001924 | ✓ | | LOS ANGELES UNIF SD-A | 0.001918 | ✓ | | State of California | 0.001913 | ✓ | | BAY AREA CA TOLL AUTH | 0.001888 | | | UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.00000000 | 0.001879 | ✓ | | IRVINE WTR-RF-A1-VAR | 0.001748 | | | BAY AREA TOLL AUTHORI VAR | 0.001706 | | | University of California, Series 2024 BW, Ref. RB | 0.001701 | ✓ | | Toll Road Sr Lien Refunding RB Series 2021A | 0.001691 | ✓ | | UNIV OF CALIFORNIA CA REVENUES | 0.001673 | ✓ | | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2017 B, RB | 0.001672 | ✓ | | Anaheim Public Financing Authority, California, Lease Revenue Bonds, Public Improvement Project, Series 1997C | 0.001662 | ✓ | | CALIFORNIA ST EDUCTNL FACS AUTH REVENUE | 0.001629 | | | State of California 5.00% 03/01/2055 | 0.001623 | ✓ | | Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2024, GO Bonds | 0.001620 | | | STATE OF CALIFORNIA 5.0% 10-01-35 | 0.001618 | ✓ | | LOS ANGELES UNIF SD-A | 0.001609 | ✓ | | State of California | 0.001587 | | | STATE OF CALIFORNIA 5.0% 04-01-29 | 0.001586 | ✓ | | State of California, Series 2007 | 0.001569 | ✓ | | LOS ANGELES DEPT-B | 0.001530 | ✓ | | Los Angeles Unified School District, Series 2023QRR | 0.001520 | ✓ | | Santa Monica Community College District, Series 2018A | 0.001504 | | | State of California, Series 2025, GO Bonds | 0.001497 | ✓ | | UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.25000000 | 0.001486 | ✓ | | STATE OF CALIFORNIA | 0.001464 | ✓ | | UNIV OF CALIFORNIA CA REVENUES | 0.001462 | | | Sacramento Municipal Utility District, Series 2025F | 0.001427 | | ## Sources - N-PORT (fund A) — accession `0001410368-26-050059` (as of 2026-03-31) - N-PORT (fund B) — accession `0000783401-26-000072` (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 _