# Portfolio overlap — SHORX vs SCACX

Comparing **Western Asset Oregon Municipals Fund** (2026-04-30) and **Western Asset California Municipals Fund** (2026-02-27).

- Shared positions: 17
- Western Asset Oregon Municipals Fund covered by Western Asset California Municipals Fund: 0.02817886511611287048080442081
- Western Asset California Municipals Fund covered by Western Asset Oregon Municipals Fund: 0.02817886511611287048080442081

## Western Asset Oregon Municipals Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| Metro, Series 2017 | 0.077042 |  |
| State of Oregon | 0.062930 |  |
| City of Eugene OR Electric Utility System Revenue | 0.056962 |  |
| Washington & Clackamas Counties School District No. 23J Tigar, Series 2019, GO Bonds | 0.053779 |  |
| Salem Hospital Facility Authority | 0.053312 |  |
| OR FACS AUTH-B-REF | 0.051024 |  |
| CLACKAMAS SD #12 | 0.046008 |  |
| Lane County School District No 19 Springfield | 0.045790 |  |
| PORT OF PORTLAND OR ARPT REVENUE | 0.045617 |  |
| Polk Marion & Benton Counties School District No 13J Central | 0.039619 |  |
| Port of Morrow OR | 0.033686 |  |
| Oregon State University, Series 2024 A | 0.033191 |  |
| Clackamas County School District No. 35 Molalla River, Series 2024 | 0.031364 |  |
| OREGON ST UNIV GEN REVENUE | 0.027644 |  |
| Eugene, Oregon, Water Utility System Revenue Bonds, Series 2023 | 0.026319 |  |
| Oregon City School District No 62 | 0.026225 |  |
| WASH M and Y ORE 1J 5% 6/15/2038 | 0.025959 |  |
| OR ST BUS DEV C 3.8% MT | 0.025831 |  |
| Port of Portland, Series 25 B | 0.025731 |  |
| Oregon State Facilities Authority, Series 2015 C | 0.022966 |  |
| OREGON ST HLTH & SCIENCE UNIV REVENUE | 0.021745 |  |
| OR ST FACS 5% 6/1/2046 | 0.019652 |  |
| HERMISTON OR | 0.017552 |  |
| Salem Hospital Facility Authority, Series 2018 | 0.016174 |  |
| Multnomah County School District No 40 | 0.015548 |  |
| OR MFDMED 5 08/15/2045 | 0.013150 |  |
| SALEM OR HOSP FAC AUTH REVENUE REGD B/E 4.00000000 | 0.012185 |  |
| Multnomah County School District No 40 | 0.011316 |  |
| Keizer, Oregon, General Obligation Assessment Bonds, Keizer Station Area A Local Improvement District, Series 2008 | 0.009969 |  |
| Multnomah County School District No 40 | 0.009505 |  |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority, Series A | 0.006341 | ✓ |
| WILLAMETTE VIEW OBLIGATED GROUP 5.0% 11-15-47 | 0.006191 |  |
| State of Oregon Department of Transportation, Series 2024 | 0.005668 |  |
| PUERTO RICO SALES TAX FING COR REGD OID B/E 4.75000000 | 0.004880 | ✓ |
| PUERTO RICO SALES TAX FING COR REGD ZCP OID B/E 0.00000000 | 0.004113 | ✓ |
| RESTRUCTURED-SER A1 | 0.003728 | ✓ |
| RESTRUCTURED-SER A-2 | 0.003287 | ✓ |
| RESTRUCTURED-SER A1 | 0.003122 | ✓ |
| PUERTO RICO SALES TAX FING COR REGD OID B/E 5.00000000 | 0.002238 | ✓ |
| PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE | 0.001057 | ✓ |
| PUERTO RICO SALES TAX FING COR REGD OID B/E 4.55000000 | 0.000511 | ✓ |
| Puerto Rico, General Obligation Bonds, Vintage CW NT Claims Taxable Series 2022 | 0.000251 | ✓ |
| RESTRUCTURED-SER A1 | 0.000214 | ✓ |
| RESTRUCTURED-SER A1 | 0.000110 | ✓ |
| RESTRUCTURED-SER A1 | 0.000109 | ✓ |
| RESTRUCTURED-SER A1 | 0.000108 | ✓ |
| RESTRUCTURED-SER A1 | 0.000096 | ✓ |
| RESTRUCTURED-SER A1 | 0.000091 | ✓ |
| RESTRUCTURED-CABS-SER | 0.000090 | ✓ |

## 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 |  |


## Sources

- N-PORT (fund A) — accession `0000940400-26-024953` (as of 2026-04-30)
  <https://www.sec.gov/Archives/edgar/data/764624/000094040026024953/0000940400-26-024953-index.htm>
- N-PORT (fund B) — accession `0000940400-26-014629` (as of 2026-02-27)
  <https://www.sec.gov/Archives/edgar/data/764624/000094040026014629/0000940400-26-014629-index.htm>

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_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._

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