# Portfolio overlap — VCADX vs CMF Comparing **VANGUARD CALIFORNIA INTERMEDIATE-TERM TAX-EXEMPT FUND** (2026-02-28) and **iShares California Muni Bond ETF** (2026-02-28). - Shared positions: 318 - VANGUARD CALIFORNIA INTERMEDIATE-TERM TAX-EXEMPT FUND covered by iShares California Muni Bond ETF: 0.1021168714301399464052894629 - iShares California Muni Bond ETF covered by VANGUARD CALIFORNIA INTERMEDIATE-TERM TAX-EXEMPT FUND: 0.1021168714301399464052894627 ## VANGUARD CALIFORNIA INTERMEDIATE-TERM TAX-EXEMPT FUND — top positions | Security | Weight | Shared | |----------|--------|--------| | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB | 0.008303 | | | CALIFORNIA COMMUNITY VAR | 0.007255 | | | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 D, RB | 0.007024 | | | California Community Choice Financing Authority, Series C | 0.006744 | | | California Community Choice Financing Authority, Series B-1 | 0.006734 | | | CALIFORNIA COMMUNITY VAR | 0.006666 | | | CALIFORNIA COMMUNITY VAR | 0.006433 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2023, RB | 0.006267 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2022 A-1, RB | 0.005905 | | | CALIFORNIA COMMUNITY VAR | 0.005746 | | | CENTRL VLY CA ENERGY AUTH COMM REGD V/R B/E 5.00000000 | 0.005349 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB | 0.005274 | | | California Community Choice Financing Authority, Series F | 0.005239 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB | 0.005216 | | | California Community Choice Financing Authority, Series B | 0.005105 | | | California Community Choice Financing Authority, Series 2023 E-1 | 0.005010 | | | CALIFORNIA COMMUNITY VAR | 0.004950 | | | CALIFORNIA COMMUNITY VAR | 0.004918 | | | California Community Choice Financing Authority, Series 2025G | 0.004915 | | | CALIFORNIA COMMUNITY VAR | 0.004801 | | | California Community Choice Financing Authority, Series F | 0.004340 | | | SAN JOAQUIN VLY CLEAN ENERGY AUTH CA CLEAN ENERGY REVENUE | 0.004278 | | | California (State of) Housing Finance Agency (Social Certificates), Series 2021-2A, Revenue Ctfs. | 0.004172 | | | California (State of) Housing Finance Agency, Series 2021-1A, Revenue Ctfs. | 0.003944 | | | NRTHRN CA ENRGY | 0.003845 | | | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023, RB | 0.003833 | | | California Community Choice Financing Authority, Series A | 0.003792 | | | CA CCEDEV 5 03/01/2036 | 0.003775 | | | CALIFORNIA COMMUNITY VAR | 0.003762 | | | TNDR OPT-FLTR-5059 | 0.003319 | | | Bay Area Toll Authority, Series 2021 A | 0.003091 | | | BAY AREA TOLL AUTHORITY FRN 04-01-55 | 0.003088 | ✓ | | California (State of) Housing Finance Agency, Series 2019 A-2, RB | 0.003080 | | | STHRN CA PUB PWR-A | 0.003035 | | | California Community Choice Financing Authority, Series 2026 A-1 | 0.002903 | | | California (State of) Housing Finance Agency (Social Certificates), Series 2021 A, RB | 0.002655 | | | Central Valley Energy Authority, Series 2026 | 0.002634 | | | JPM-PUTTERS-MIZ9130 | 0.002541 | | | SAN FRANCISCO PUB UTI | 0.002526 | ✓ | | CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.002508 | | | UNIV OF CALIFORNIA REVENUES | 0.002506 | | | RESTRUCTURED-SER A1 | 0.002479 | | | CALIFORNIA ST INFRASTRUCTURE & REGD V/R B/E 1.20000000 | 0.002448 | | | JPM-PUTTERS-MIZ9119 | 0.002401 | | | State of California 5.00% 09/01/2042 | 0.002328 | ✓ | | UNIV OF CALIFORNIA CA | 0.002287 | ✓ | | UNIV OF CALIFORNIA REVENUES UNVHGR 05/48 ADJUSTABLE VAR | 0.002250 | | | LOS ANGELES DEPT-C | 0.002220 | ✓ | | JPM-PUTTERS-MIZ9129 | 0.002185 | | | PROVIDENCE ST JOSEPH HEALTH OBLIGATED GROUP (MPT) 5.0% 10-01-39 | 0.002140 | | ## iShares California Muni Bond ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | UNIV OF CA REGENTS | 0.005320 | | | LOS ANGELES UNIF SD-A | 0.005256 | | | LOS ANGELES UNIF SD-A | 0.004969 | ✓ | | California (State of) Educational Facilities Authority (Stanford University), Series 2014 U-6, RB | 0.004836 | ✓ | | UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.00000000 | 0.004635 | ✓ | | CA ST UNIV TRUSTEES-A | 0.004541 | | | State of California 5.00% 03/01/2055 | 0.004152 | | | San Francisco City & County Airport Comm-San Francisco International Airport | 0.004085 | | | Orange County Water District, Series 2003A | 0.003965 | | | University of California, Series 2025BZ | 0.003626 | | | State of California | 0.003607 | ✓ | | E CO AWP JT PWRS-A-1 | 0.003489 | | | Bay Area Toll Authority, Series 2023 A, VRD Ref. RB | 0.003375 | ✓ | | STATE OF CALIFORNIA 4.0% 09-01-43 | 0.003228 | ✓ | | State of California, Series 2007 | 0.003182 | ✓ | | Toll Road Sr Lien Refunding RB Series 2021A | 0.003085 | | | SAN FRANCISCO PUB UTI | 0.002983 | ✓ | | UNIV OF CALIFORNIA CA | 0.002953 | | | Los Angeles Community College District, Series F | 0.002949 | | | San Diego Unified School District, Series 2023G-3 | 0.002848 | | | CA ST PUB WKS-C | 0.002839 | | | STATE OF CALIFORNIA 4.0% 03-01-36 | 0.002798 | ✓ | | SAN FRANCISCO PUB-A | 0.002758 | | | UNIV OF CA REGENTS-BQ | 0.002697 | | | Beverly Hills Unified School District, Series 2009 | 0.002688 | | | Anaheim Housing & Public Improvements Authority, Series 2024-A | 0.002638 | | | STATE OF CALIFORNIA | 0.002629 | ✓ | | Los Angeles Unified School District, Series 2023QRR | 0.002622 | | | Los Angeles Community College District, Series D | 0.002620 | | | University of California, Series 2026 CF | 0.002590 | | | STATE OF CALIFORNIA 4.0% 09-01-29 | 0.002566 | | | LOS ANGELES DEPT -D | 0.002504 | | | State of California, Series 2024 | 0.002478 | | | Coast Community College District, Series 2017D | 0.002468 | | | OAKLAND USD-REF | 0.002462 | | | Mt. San Antonio Community College District, Series 2024D | 0.002456 | | | UNIV OF CALIFORNIA-BV | 0.002431 | | | UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.00000000 | 0.002429 | ✓ | | State of California | 0.002415 | | | STHRN CALIFORNIA ST | 0.002403 | ✓ | | SAN FRANCISCO PUB-A | 0.002401 | | | San Joaquin Hills Transportation Corridor Agency, Series 2021 A, Ref. RB | 0.002385 | | | University of California, Series 2026 CE | 0.002357 | | | State of California | 0.002357 | | | San Mateo Foster City School District, Series B | 0.002356 | | | FOOTHILL ESTRN TRANSPRTN CORRIDOR AGY CA TOLL ROAD REVENUE | 0.002248 | | | State of California | 0.002240 | ✓ | | El Camino Community College District Fountation (The), Series 2012C | 0.002231 | | | Palo Alto Unified School District, Series 2025 | 0.002212 | | | Los Angeles (City of), CA, Series 2025, RN | 0.002203 | | ## Sources - N-PORT (fund A) — accession `0000783401-26-000073` (as of 2026-02-28) - N-PORT (fund B) — accession `0002071691-26-008204` (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). 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