# Portfolio overlap — TACAX vs VCITX Comparing **California Municipal Bond Fund** (2026-02-28) and **VANGUARD CALIFORNIA LONG-TERM TAX-EXEMPT FUND** (2026-02-28). - Shared positions: 65 - California Municipal Bond Fund covered by VANGUARD CALIFORNIA LONG-TERM TAX-EXEMPT FUND: 0.06997840805647214580764288690 - VANGUARD CALIFORNIA LONG-TERM TAX-EXEMPT FUND covered by California Municipal Bond Fund: 0.06997840805647214580764288691 ## California Municipal Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | BURBANK GLENDALE PASADENA CA ARPT AUTH ARPT REVENUE | 0.025110 | | | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2025 A, RB | 0.022063 | | | Sacramento (County of), CA, Series 2024, RB | 0.014855 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB | 0.013415 | ✓ | | UNIV OF CALIFORNIA-BV | 0.013228 | | | California Community Choice Financing Authority, Series F | 0.013151 | ✓ | | CA ST UNIV-A-REF | 0.011847 | ✓ | | JH COLLATERAL | 0.010813 | | | SAN FRANCISCO CITY & COUNTY PUBLIC UTILITIES COMMISSION 4.0% 11-01-50 | 0.009795 | | | LOS ANGELES DEPT-D | 0.009733 | ✓ | | COMMONSPIRIT HEALTH OBLIGATED GROUP 5.25% 12-01-49 | 0.009549 | | | GARDEN GROVE PUBLIC FINANCING GARGEN 04/49 FIXED 5 | 0.009362 | | | Los Angeles Department of Water & Power Water System, Series 2020B | 0.009192 | | | SAN JOAQUIN VLY CLEAN ENERGY AUTH CA CLEAN ENERGY REVENUE | 0.008767 | | | UNITED AIRLINES INC 4.0% 07-15-29 | 0.008385 | | | CALIFORNIA ST EDUCTNL | 0.008312 | ✓ | | Los Angeles (City of), CA, Series 2025, RB | 0.007871 | | | CA CCEDEV 5 03/01/2036 | 0.007794 | ✓ | | CALIFORNIA ENTERPRISE DEVELOPM CASDEV 06/40 FIXED OID 4 | 0.007521 | | | CA ST UNIV-A-REF | 0.007107 | | | ALVORD USD-B-CABS | 0.007093 | | | UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.25000000 | 0.006825 | ✓ | | California Community Choice Financing Authority, Series F | 0.005936 | ✓ | | Inland Empire Tobacco Securitization Corp., Series 2007C-1 | 0.005671 | | | Savanna School District, Series B | 0.005647 | | | PRS-CALIFORNIA OBLIGATED GROUP 5.0% 04-01-49 | 0.005557 | | | CA PCFA WTR FUR 5% 11/21/2045 | 0.005474 | | | California Educational Facilities Authority, Revenue Bonds, Master's University, Series 2025 | 0.005265 | | | ANAHEIM UNION HIGH SCHOOL DIST ANASCD 08/38 FIXED 3 | 0.005074 | | | DESERTXPRESS ENTERPRISES LLC (MPT) 12.0% 01-01-65 | 0.005011 | | | Puerto Rico, General Obligation Bonds, Vintage CW NT Claims Taxable Series 2022 | 0.004989 | ✓ | | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE | 0.004955 | ✓ | | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE | 0.004847 | | | CITY OF GLENDALE CA ELECTRIC R GLEPWR 02/45 FIXED 5 | 0.004698 | | | ROCKLIN ACADEMY OBLIGATED GROUP 5.0% 06-01-64 | 0.004629 | ✓ | | TOBACCO SECURITIZATION AUTH ST TOBGEN 06/48 FIXED 5 | 0.004531 | | | CALIFORNIA ST ENTERPRISE DEV AUTH REVENUE | 0.004520 | ✓ | | EISENHOWER MEDICAL CENTER 5.0% 07-01-47 | 0.004464 | | | GOLDEN ST TOBACCO SECURITIZATI REGD B/E 5.00000000 | 0.004445 | | | TEJON RANCH PUBLIC FACILITIES TEJFAC 09/54 FIXED 5 | 0.004425 | | | CALIFORNIA COMMUNITY VAR | 0.004401 | | | P3 IRVINE SL HOLDINGS LLC OBLIGATED GROUP 6.5% 06-01-54 | 0.004361 | ✓ | | RESTRUCTURED-SER A1 | 0.004333 | ✓ | | REDONDO BEACH UNIFIED SCHOOL D RDBSCD 08/50 FIXED 5 | 0.004328 | | | PALMDALE WATER DISTRICT PUBLIC PWDWTR 10/49 FIXED OID 4 | 0.004296 | | | Chaffey Joint Union High School District (Election of 2012), Series 2023 G, GO Bonds | 0.004172 | | | W HOLLYWOOD FING AUTH | 0.004081 | | | LONG BEACH UNIF SD | 0.004046 | ✓ | | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE | 0.003998 | | | CALIFORNIA COMMUNITY VAR | 0.003989 | ✓ | ## VANGUARD CALIFORNIA LONG-TERM TAX-EXEMPT FUND — top positions | Security | Weight | Shared | |----------|--------|--------| | BAY AREA TOLL-H | 0.011018 | | | CALIFORNIA COMMUNITY VAR | 0.010338 | | | STHRN CALIFORNIA ST | 0.009644 | | | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 D, RB | 0.008405 | ✓ | | JPM-PUTTERS-MIZ9119 | 0.007517 | | | CALIFORNIA COMMUNITY VAR | 0.007237 | ✓ | | California (State of) Enterprise Development Authority (Riverside County-Mead Valley Wellness Village), Series 2024, RB | 0.006995 | | | CA PUB FIN AUTH-B1 | 0.006311 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2022 A-1, RB | 0.006008 | | | ELSINORE VLY MUNI-A | 0.005818 | | | TNDR OPT-FLTRS-XG0100 | 0.005682 | | | STATE OF CALIFORNIA 5.0% 09-01-41 | 0.005465 | | | UNIV OF CALIFORNIA CA REVENUES | 0.005387 | | | UNIV OF CALIFORNIA-Q | 0.005271 | | | NRTHRN CA ENRGY | 0.005117 | ✓ | | San Diego Community College District, Series A-1 | 0.005087 | | | CALIFORNIA COMMUNITY VAR | 0.004982 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB | 0.004955 | ✓ | | CALIFORNIA COMMUNITY VAR | 0.004793 | | | CALIFORNIA ST HLTH FACS FING A CASMED 08/48 FIXED 4 | 0.004694 | ✓ | | UNIV OF CALIFORNIA CA REVENUES REGD B/E 5.00000000 | 0.004600 | | | UNIV OF CALIFORNIA REVENUES | 0.004599 | | | UNIV OF CALIFORNIA CA REVENUES REGD B/E 5.00000000 | 0.004394 | | | CALIFORNIA ST EDUCTNL FACS AUTH REVENUE | 0.004346 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2023, RB | 0.004341 | | | State of California 5.00% 09/01/2042 | 0.004326 | | | California Community Choice Financing Authority, Series B-1 | 0.004280 | | | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023, RB | 0.004226 | | | STATE OF CALIFORNIA | 0.004183 | | | UNIV OF CALIFORNIA CA REVENUES UNVHGR 05/52 FIXED 5 | 0.004004 | | | LOS ANGELES DEPT WTR | 0.003879 | | | California (State of) Housing Finance Agency, Series 2021-1A, Revenue Ctfs. | 0.003794 | | | CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.003776 | | | California Community Choice Financing Authority, Series C | 0.003768 | | | Bay Area Toll Authority, Series 2023 A, VRD Ref. RB | 0.003717 | | | HAYWARD UNIFIED SD-B | 0.003712 | ✓ | | HAYWARD | 0.003565 | | | California Community Choice Financing Authority, Series F | 0.003527 | ✓ | | UNIV OF CA REGENTS -P | 0.003506 | | | California Community Choice Financing Authority, Series 2025G | 0.003479 | | | CA PUB FIN AUTH-A-1 | 0.003474 | | | CA ST UNIV-A-REF | 0.003436 | ✓ | | Los Angeles County Public Works Financing Authority, Series 2024H | 0.003394 | | | San Francisco Community College District, Series B | 0.003381 | | | CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.003330 | | | California (State of) Housing Finance Agency, Series 2019 A-2, RB | 0.003288 | | | E CO AWP JT PWRS-A-1 | 0.003267 | | | Bay Area Toll Authority, Series 2018A | 0.003258 | | | LOS ANGELS WTR & PWR- | 0.003257 | | | UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.00000000 | 0.003167 | | ## Sources - N-PORT (fund A) — accession `0001193125-26-184466` (as of 2026-02-28) - N-PORT (fund B) — accession `0000783401-26-000074` (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 _