{
  "page": "compare",
  "query": {
    "a": "GUTEX",
    "b": "THMMX"
  },
  "retrieved_at": "2026-07-07T18:23:58+00:00",
  "disclaimer": "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.",
  "attribution": "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.",
  "terms": {
    "notice": "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.",
    "url": "https://fundwatcher.app/terms/"
  },
  "fund_a": {
    "name": "Victory Tax-Exempt Fund",
    "ticker": "GUTEX",
    "slug": "GUTEX",
    "series_id": "S000053573",
    "html_url": "https://fundwatcher.app/funds/GUTEX/"
  },
  "fund_b": {
    "name": "Thornburg Municipal Managed Account Fund",
    "ticker": "THMMX",
    "slug": "THMMX",
    "series_id": "S000079976",
    "html_url": "https://fundwatcher.app/funds/THMMX/"
  },
  "overlap": {
    "coverage_a_by_b": "0.03248809814514756417517347796",
    "coverage_b_by_a": "0.03248809814514756417517347796",
    "shared_count": 3,
    "as_of": {
      "a": "2025-09-30",
      "b": "2026-03-31"
    },
    "a_top": [
      {
        "name": "MET TRANS AUTH -B-1",
        "value": "1546977.34",
        "weight": "0.04822047",
        "shared": false
      },
      {
        "name": "SALES TAX SECURTZTN-C",
        "value": "1516624.49",
        "weight": "0.04727435",
        "shared": false
      },
      {
        "name": "LOGAN ELM OH LOCAL SC",
        "value": "1313415.76",
        "weight": "0.04094017",
        "shared": false
      },
      {
        "name": "CHICAGO ILLIN 6% 4/1/2046",
        "value": "1293853.99",
        "weight": "0.04033042",
        "shared": false
      },
      {
        "name": "PORT PORT ARTHUR TEX NAV DIST MOTIVA ENTERPRISES-C",
        "value": "1100000.00",
        "weight": "0.03428784",
        "shared": false
      },
      {
        "name": "Black Belt Energy Gas District, Series 2025 A",
        "value": "1038615.72",
        "weight": "0.03237445",
        "shared": false
      },
      {
        "name": "MISSOURI ST HLTH & EDUCTNL FACS AUTH EDUCTNL FACS REVENUE",
        "value": "1035900.63",
        "weight": "0.03228981",
        "shared": false
      },
      {
        "name": "CITY OF CHICAGO IL WASTEWATER TRANSMISSION REVENUE 5.0% 01-01-47",
        "value": "1002825.55",
        "weight": "0.03125884",
        "shared": false
      },
      {
        "name": "TSASC NY TOBAC 5% 6/1/2041",
        "value": "994789.81",
        "weight": "0.03100836",
        "shared": false
      },
      {
        "name": "Port Authority of Guam, Series A",
        "value": "986081.31",
        "weight": "0.03073691",
        "shared": false
      },
      {
        "name": "UTAH INFRASTRUCTURE AGY TELECOMUNICATION REVENUE",
        "value": "956626.05",
        "weight": "0.02981877",
        "shared": false
      },
      {
        "name": "PENNSYLVANIA ST ECON DEV FING AUTH UPMC REVENUE",
        "value": "851791.38",
        "weight": "0.02655099",
        "shared": false
      },
      {
        "name": "OH BUCGEN 5 06/01/2055",
        "value": "765921.82",
        "weight": "0.02387437",
        "shared": true
      },
      {
        "name": "CLIFTON TX HGR EDU FIN CORP EDU REVENUE",
        "value": "681393.99",
        "weight": "0.02123957",
        "shared": false
      },
      {
        "name": "COVENANT LIVING COMMUNITIES AND SERVICES OBLIGATED GROUP 4.0% 12-01-50",
        "value": "606583.90",
        "weight": "0.01890768",
        "shared": false
      },
      {
        "name": "Gold Hill Mesa Metropolitan District 2, Colorado Springs, El Paso County, Colorado, Limited Tax General Obligation and Special Revenue Bonds, Refundin",
        "value": "602701.84",
        "weight": "0.01878668",
        "shared": false
      },
      {
        "name": "Arkansas (State of) Development Finance Authority (Baptist Memorial Health), Series 2019, RB",
        "value": "548578.26",
        "weight": "0.01709960",
        "shared": false
      },
      {
        "name": "PHOENIX AZ CIVIC IMPT CORP ARPT REVENUE",
        "value": "543139.01",
        "weight": "0.01693006",
        "shared": false
      },
      {
        "name": "CHARLSTN SC ARP 5.25% 7/1/2054",
        "value": "515733.60",
        "weight": "0.01607581",
        "shared": false
      },
      {
        "name": "PRIV CLGS & UNIVS AUTH GA",
        "value": "513082.96",
        "weight": "0.01599319",
        "shared": false
      },
      {
        "name": "Lee (County of), FL, Series 2024, RB",
        "value": "511892.43",
        "weight": "0.01595608",
        "shared": false
      },
      {
        "name": "IN INSHGR 5.5 07/01/2052",
        "value": "504858.02",
        "weight": "0.01573681",
        "shared": false
      },
      {
        "name": "PRESBYTERIAN HOMES OBLIGATED GROUP 5.25% 07-01-48",
        "value": "499506.65",
        "weight": "0.01557000",
        "shared": true
      },
      {
        "name": "FRANKLIN CNTY OH HLTH CARE FACS REVENUE",
        "value": "469662.28",
        "weight": "0.01463973",
        "shared": false
      },
      {
        "name": "FL ST DEV FIN 5% 6/15/2055",
        "value": "467384.64",
        "weight": "0.01456874",
        "shared": false
      },
      {
        "name": "State of Illinois, Series 2023, GO Bonds",
        "value": "466883.09",
        "weight": "0.01455310",
        "shared": false
      },
      {
        "name": "Colorado Educational & Cultural Facilities Authority",
        "value": "447704.89",
        "weight": "0.01395530",
        "shared": false
      },
      {
        "name": "Hillsborough (County of), FL Industrial Development Authority (Tampa General Hospital), Series 2020 A, RB",
        "value": "438937.26",
        "weight": "0.01368201",
        "shared": false
      },
      {
        "name": "NY MTA TRANSP 4% 11/15/2049",
        "value": "436906.62",
        "weight": "0.01361871",
        "shared": false
      },
      {
        "name": "Miami-Dade (County of), FL, Subseries 2021 B-1, Ref. RB",
        "value": "436674.77",
        "weight": "0.01361149",
        "shared": false
      },
      {
        "name": "San Francisco City & County Airport Comm-San Francisco International Airport, Series 2022 A",
        "value": "435198.97",
        "weight": "0.01356548",
        "shared": false
      },
      {
        "name": "County of Broward, Series 2019 B",
        "value": "433257.75",
        "weight": "0.01350498",
        "shared": false
      },
      {
        "name": "MICHIGAN ST FIN AUTH REVENUE REGD B/E 4.00000000",
        "value": "433193.66",
        "weight": "0.01350298",
        "shared": false
      },
      {
        "name": "ARLINGTON TX HGR EDU FIN CORP EDU REVENUE",
        "value": "431321.53",
        "weight": "0.01344462",
        "shared": false
      },
      {
        "name": "COUNTY OF BROWARD FL AIRPORT SYSTEM REVENUE",
        "value": "424704.74",
        "weight": "0.01323837",
        "shared": false
      },
      {
        "name": "UNIV MA BLDG-UNREFUND",
        "value": "410474.62",
        "weight": "0.01279481",
        "shared": false
      },
      {
        "name": "WISCONSIN ST HLTH & EDUCTNL FA WISCONSIN HEALTH & EDUCATIONAL FACILITIES AUTHORIT",
        "value": "408570.37",
        "weight": "0.01273545",
        "shared": false
      },
      {
        "name": "St. Johns County Industrial Development Authority, Series 2020 A",
        "value": "398932.34",
        "weight": "0.01243503",
        "shared": false
      },
      {
        "name": "POMPANO BEACH FL REVENUE POMGEN 09/50 FIXED 4",
        "value": "394583.89",
        "weight": "0.01229948",
        "shared": false
      },
      {
        "name": "NORTH CAROLINA ST MED CARE COM REGD B/E 4.00000000",
        "value": "393316.42",
        "weight": "0.01225997",
        "shared": false
      },
      {
        "name": "CITY OF ARLINGTON TX",
        "value": "392443.31",
        "weight": "0.01223276",
        "shared": false
      },
      {
        "name": "Iowa Finance Authority, Series 2019 A-1",
        "value": "381612.32",
        "weight": "0.01189515",
        "shared": false
      },
      {
        "name": "CAPTL TR AGY FL 5% 8/1/2055",
        "value": "380720.00",
        "weight": "0.01186733",
        "shared": false
      },
      {
        "name": "HARDIN CNTY OH ECON DEV FACILITIES REVENUE",
        "value": "347665.69",
        "weight": "0.01083701",
        "shared": false
      },
      {
        "name": "Build NYC Resource Corp., Series 2023 A",
        "value": "321167.59",
        "weight": "0.01001104",
        "shared": false
      },
      {
        "name": "PRESBYTERIAN HOMES OBLIGATED GROUP 4.0% 10-01-50",
        "value": "297628.65",
        "weight": "0.00927731",
        "shared": false
      },
      {
        "name": "DETROIT MI 6% 5/1/2043",
        "value": "272938.19",
        "weight": "0.00850769",
        "shared": true
      },
      {
        "name": "MICHIGAN ST FIN AUTH LTD OBLIG REVENUE",
        "value": "268446.97",
        "weight": "0.00836770",
        "shared": false
      },
      {
        "name": "OHIO ST HGR EDUCTNL FAC COMMISSION",
        "value": "256837.04",
        "weight": "0.00800581",
        "shared": false
      },
      {
        "name": "UTAH CHARTER SCHOOL FINANCE AUTHORITY",
        "value": "250480.56",
        "weight": "0.00780767",
        "shared": false
      }
    ],
    "b_top": [
      {
        "name": "S E ENERGY-B-REV",
        "value": "318234.30",
        "weight": "0.02614831",
        "shared": false
      },
      {
        "name": "WV WVSDEV 04/01/2036",
        "value": "290370.33",
        "weight": "0.02385881",
        "shared": false
      },
      {
        "name": "DETROIT MI 6% 5/1/2043",
        "value": "276425.75",
        "weight": "0.02271303",
        "shared": true
      },
      {
        "name": "Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Refunding Series 2024A-1",
        "value": "266338.75",
        "weight": "0.02188421",
        "shared": false
      },
      {
        "name": "Southeast Alabama Gas Supply District (The), Series A",
        "value": "266261.25",
        "weight": "0.02187784",
        "shared": false
      },
      {
        "name": "BLACK BELT ENERGY GAS DIST AL GAS SPLY REVENUE",
        "value": "266097.00",
        "weight": "0.02186435",
        "shared": false
      },
      {
        "name": "California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB",
        "value": "263600.00",
        "weight": "0.02165918",
        "shared": false
      },
      {
        "name": "IN FIN REV 5% 5/1/2040",
        "value": "255873.25",
        "weight": "0.02102430",
        "shared": false
      },
      {
        "name": "FARM N MEX PCR 0% 6/1/2040 MT",
        "value": "253739.75",
        "weight": "0.02084899",
        "shared": false
      },
      {
        "name": "WASHOE NV WTR 4.125% 3/1/2036 @",
        "value": "252951.75",
        "weight": "0.02078425",
        "shared": false
      },
      {
        "name": "NEW MEXICO ST MTGE FIN AUTH",
        "value": "248437.11",
        "weight": "0.02041329",
        "shared": false
      },
      {
        "name": "MAIN STR NAT GA 5% MT",
        "value": "211995.60",
        "weight": "0.01741901",
        "shared": false
      },
      {
        "name": "NY BUIGEN 7 12/15/2055",
        "value": "211388.73",
        "weight": "0.01736914",
        "shared": false
      },
      {
        "name": "GTR ORLANDO FL AVIATION AUTH ARPT FACS REVENUE",
        "value": "206282.89",
        "weight": "0.01694961",
        "shared": false
      },
      {
        "name": "MICHIGAN ST STR VAR MT@",
        "value": "201659.80",
        "weight": "0.01656975",
        "shared": false
      },
      {
        "name": "INDIANA ST FIN AUTH REVENUE",
        "value": "201468.60",
        "weight": "0.01655404",
        "shared": false
      },
      {
        "name": "Wisconsin (State of) Public Finance Authority (Wakemed Hospital), Series 2019 A, Ref. RB",
        "value": "201134.00",
        "weight": "0.01652654",
        "shared": false
      },
      {
        "name": "San Jose (City of), CA, Series 2017 A, Ref. RB",
        "value": "200007.80",
        "weight": "0.01643401",
        "shared": false
      },
      {
        "name": "UT BLDFAC 5.62 12/01/2053",
        "value": "199360.40",
        "weight": "0.01638081",
        "shared": false
      },
      {
        "name": "GEISINGER PA AUTH HLTH SYS REV REGD B/E 5.00000000",
        "value": "195350.61",
        "weight": "0.01605134",
        "shared": false
      },
      {
        "name": "MIAMI-DADE MFH 4.88% 3/1/2046",
        "value": "195115.00",
        "weight": "0.01603198",
        "shared": false
      },
      {
        "name": "NJ HSG & MTGE FIN-B",
        "value": "180460.39",
        "weight": "0.01482786",
        "shared": false
      },
      {
        "name": "WISCONSIN ST HSG & ECON DEV AUTH MF HSG",
        "value": "174318.98",
        "weight": "0.01432324",
        "shared": false
      },
      {
        "name": "PRESBYTERIAN HOMES OBLIGATED GROUP 5.25% 07-01-48",
        "value": "171850.18",
        "weight": "0.01412039",
        "shared": true
      },
      {
        "name": "PREREF IOWA ST FIN AUTH MIDWSTRN DISA REGD V/R B/E PREREFUNDED 12/01/32 @ 100 5.00000000",
        "value": "169714.50",
        "weight": "0.01394490",
        "shared": false
      },
      {
        "name": "OHIO ST HSG FIN AGY MF HSG REVENUE",
        "value": "161383.08",
        "weight": "0.01326034",
        "shared": false
      },
      {
        "name": "WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE",
        "value": "159852.75",
        "weight": "0.01313459",
        "shared": false
      },
      {
        "name": "PENICK VILLAGE OBLIGATED GROUP 5.5% 09-01-54",
        "value": "159110.99",
        "weight": "0.01307365",
        "shared": false
      },
      {
        "name": "MADISON-PLAINS OH LOCAL SCH DIST COPS",
        "value": "158194.65",
        "weight": "0.01299835",
        "shared": false
      },
      {
        "name": "Black Belt Energy Gas District, Series D-1",
        "value": "156872.40",
        "weight": "0.01288971",
        "shared": false
      },
      {
        "name": "MAIN STR NAT GA 5% MT",
        "value": "156864.75",
        "weight": "0.01288908",
        "shared": false
      },
      {
        "name": "AGUA DULCE TX INDEP SCH DIST",
        "value": "156435.15",
        "weight": "0.01285378",
        "shared": false
      },
      {
        "name": "PENNSYLVANIA TURNPIKE COMMISSION 5.0% 12-01-46",
        "value": "155235.60",
        "weight": "0.01275522",
        "shared": false
      },
      {
        "name": "TX MATPOL 4.25 05/01/2030",
        "value": "154564.05",
        "weight": "0.01270004",
        "shared": false
      },
      {
        "name": "City of Chicago Wastewater Transmission Revenue",
        "value": "154153.80",
        "weight": "0.01266633",
        "shared": false
      },
      {
        "name": "AL HSG 5.05% 10/1/2045",
        "value": "154145.70",
        "weight": "0.01266566",
        "shared": false
      },
      {
        "name": "California (State of) Municipal Finance Authority (Greenfield Commons I) (Green Bonds), Series 2023 A, RB",
        "value": "153526.95",
        "weight": "0.01261482",
        "shared": false
      },
      {
        "name": "WI PUBTRN 5.75 06/30/2060",
        "value": "153426.60",
        "weight": "0.01260658",
        "shared": false
      },
      {
        "name": "TX PRIVATE ACTIVITY",
        "value": "153095.25",
        "weight": "0.01257935",
        "shared": false
      },
      {
        "name": "N ESTRN PA HOSP & EDU AUTH",
        "value": "153070.70",
        "weight": "0.01257734",
        "shared": false
      },
      {
        "name": "OWEN CO-VAR-REF-REMK",
        "value": "152771.85",
        "weight": "0.01255278",
        "shared": false
      },
      {
        "name": "Northeastern Illinois University",
        "value": "152402.40",
        "weight": "0.01252242",
        "shared": false
      },
      {
        "name": "COLORADO EDUCTNL & CULTURAL AUTH REVENUE",
        "value": "152285.85",
        "weight": "0.01251285",
        "shared": false
      },
      {
        "name": "Chandler Industrial Development Authority, Series 2007",
        "value": "151627.35",
        "weight": "0.01245874",
        "shared": false
      },
      {
        "name": "SOUTH DAKOTA ST HLTH & EDUCTNL FACS AUTH",
        "value": "151140.45",
        "weight": "0.01241873",
        "shared": false
      },
      {
        "name": "NORTON HEALTHCARE OBLIGATED GROUP 5.0% 10-01-33",
        "value": "150445.95",
        "weight": "0.01236167",
        "shared": false
      },
      {
        "name": "PHX CVC APT REV 5% 7/1/2048 @",
        "value": "150129.90",
        "weight": "0.01233570",
        "shared": false
      },
      {
        "name": "UNITED METHODIST RETIREMENT HOMES INC OBLIGATED GROUP 4.25% 10-01-28",
        "value": "150052.20",
        "weight": "0.01232931",
        "shared": false
      },
      {
        "name": "CHATTANOOGA TN HLTH EDUCTNL &HSG FAC BRD REVENUE",
        "value": "149704.80",
        "weight": "0.01230077",
        "shared": false
      },
      {
        "name": "WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE",
        "value": "149687.25",
        "weight": "0.01229933",
        "shared": false
      }
    ]
  },
  "error": null,
  "sources": [
    {
      "label": "N-PORT (fund A)",
      "accession_no": "0001004726-25-002234",
      "as_of": "2025-09-30",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/802716/000100472625002234/0001004726-25-002234-index.htm"
    },
    {
      "label": "N-PORT (fund B)",
      "accession_no": "0001410368-26-051186",
      "as_of": "2026-03-31",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/816153/000141036826051186/0001410368-26-051186-index.htm"
    }
  ]
}