# Portfolio overlap — VCADX vs PBCAX Comparing **VANGUARD CALIFORNIA INTERMEDIATE-TERM TAX-EXEMPT FUND** (2026-02-28) and **PGIM California Muni Income Fund** (2026-02-27). - Shared positions: 113 - VANGUARD CALIFORNIA INTERMEDIATE-TERM TAX-EXEMPT FUND covered by PGIM California Muni Income Fund: 0.1391857216697933571984653452 - PGIM California Muni Income Fund covered by VANGUARD CALIFORNIA INTERMEDIATE-TERM TAX-EXEMPT FUND: 0.1391857216697933571984653454 ## 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 | ✓ | ## PGIM California Muni Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | (PIPA070) PGIM Core Government Money Market Fund | 0.038692 | | | State of California, Series 2024, GO Bonds | 0.013956 | ✓ | | CALIFORNIA COMMUNITY VAR | 0.013754 | ✓ | | LONG BEACH CALIF BD FIN AUTH NAT GAS PUR REV SER A | 0.011517 | ✓ | | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 C, RB | 0.011475 | | | CA STWD CMNTYS DEV-B | 0.009551 | ✓ | | UNIV OF CALIFORNIA CA REVENUES | 0.009485 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2023, RB | 0.009113 | ✓ | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB | 0.008859 | ✓ | | California Infrastructure & Economic Development Bank | 0.008728 | ✓ | | CALIFORNIA COMMUNITY VAR | 0.008684 | ✓ | | California (State of) Housing Finance Agency, Series 2021-1A, Revenue Ctfs. | 0.008495 | ✓ | | CA STWD CMNTYS-A | 0.008314 | ✓ | | California (State of) Housing Finance Agency, Series 2019 A-2, RB | 0.008285 | ✓ | | California Community Choice Financing Authority, Series F | 0.008274 | ✓ | | CALIFORNIA ST MUNI FIN AUTH MF REGD B/E FHLMC C 3.75000000 | 0.008227 | | | CA ST PUB WKS-C-REF | 0.008046 | ✓ | | CALIFORNIA COMMUNITY VAR | 0.008016 | ✓ | | San Diego County Regional Airport Authority | 0.007824 | | | LOS ANGELES DEPT-B | 0.007671 | ✓ | | City of Santa Clara CA Electric Revenue | 0.007609 | | | KAISER FOUNDATION HOSPITALS (MPT) 5.0% 06-01-41 | 0.007540 | ✓ | | PROVIDENCE ST JOSEPH HEALTH OBLIGATED GROUP (MPT) 5.0% 10-01-39 | 0.007380 | ✓ | | CA OXNSCD 0 02/01/2031 | 0.006996 | ✓ | | UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.25000000 | 0.006796 | ✓ | | STHRN CA PUB PWR-B | 0.006772 | ✓ | | STATE OF CALIFORNIA | 0.006766 | | | CA CASGEN 4.05 07/20/2041 | 0.006764 | ✓ | | DESERTXPRESS ENTERPRISES LLC (MPT) 3.5% 01-01-65 | 0.006692 | | | State of California | 0.006592 | ✓ | | California Community Choice Financing Authority, Series 2026 A-1 | 0.006581 | ✓ | | PORT OF OAKLAND CA REGD N/C B/E AMT 5.00000000 | 0.006558 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2022 A-1, RB | 0.006525 | ✓ | | UNITED AIRLINES INC 4.0% 07-15-29 | 0.006462 | | | University of California | 0.006397 | | | Port of Los Angeles 5.00% 08/01/2035 | 0.006252 | | | UNIV OF CALIFORNIA CA | 0.006169 | | | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 D, RB | 0.006126 | ✓ | | Vernon (City of), CA, Series 2021 A, RB | 0.006032 | ✓ | | STHRN CA PUB PWR-A | 0.006021 | ✓ | | CALIFORNIA ST MUNI FIN AUTH MU CASMFH 02/41 ADJUST OID VAR | 0.005981 | | | CALIFORNIA COMMUNITY VAR | 0.005971 | ✓ | | CA CCEDEV 5 03/01/2036 | 0.005820 | ✓ | | Orange (County of), CA Community Facilities District No. 2015-1 (Esencia Village), Series 2015 A, RB | 0.005760 | | | California (State of) Health Facilities Financing Authority (Sutter Health), Series 2018 A, RB | 0.005754 | ✓ | | CA STWD CMNTYS-H | 0.005749 | ✓ | | State of California | 0.005746 | ✓ | | University of California, Series 2026 CE | 0.005735 | ✓ | | CALIFORNIA ST-A-REF | 0.005671 | ✓ | | State of California | 0.005665 | | ## Sources - N-PORT (fund A) — accession `0000783401-26-000073` (as of 2026-02-28) - N-PORT (fund B) — accession `0000940400-26-014268` (as of 2026-02-27) --- _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 _