# Portfolio overlap — DCTIX vs DELIX Comparing **Nomura Tax-Free California Fund** (2026-02-27) and **Nomura Tax-Free Pennsylvania Fund** (2026-02-27). - Shared positions: 14 - Nomura Tax-Free California Fund covered by Nomura Tax-Free Pennsylvania Fund: 0.1069167556876289386906228419 - Nomura Tax-Free Pennsylvania Fund covered by Nomura Tax-Free California Fund: 0.1069167556876289386906228420 ## Nomura Tax-Free California Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | PUERTO RICO SALES TAX FING COR REGD ZCP OID B/E 0.00000000 | 0.029084 | ✓ | | PUERTO RICO SALES TAX FING COR REGD OID B/E 5.00000000 | 0.020659 | ✓ | | COMMONSPIRIT HEALTH OBLIGATED GROUP 4.0% 04-01-49 | 0.018118 | | | CA ST UNIV REV 3% 11/1/2052 | 0.017587 | | | Puerto Rico, GDB Debt Recovery Authority Commonwealth Bonds, Taxable Series 2018 | 0.016189 | ✓ | | CALIFORNIA ST EDUCTNL | 0.014278 | | | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE | 0.013785 | | | SAN FRANCISCO W 5.25% 11/1/2055 | 0.013398 | | | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2025D | 0.013232 | | | Los Angeles Department of Water & Power, Series A | 0.012927 | | | PUERTO RICO SALES TAX FING COR REGD OID B/E 4.75000000 | 0.012760 | ✓ | | State of California, Series 2025, GO Bonds | 0.012503 | | | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE | 0.012271 | | | California Community Choice Financing Authority, Series B | 0.011711 | | | Bay Area Toll Authority, Toll Bridge, Series 2024I | 0.011586 | | | Tender Option Bond Trust Receipts/Certificates | 0.011369 | | | Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Refunding Subordinate Green Series 2025A | 0.011328 | | | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 C, RB | 0.011325 | | | State of California 5.00% 03/01/2055 | 0.011291 | | | TOBACCO SECURITIZATION AUTH ST TOBGEN 06/46 ZEROCPNOID 0 | 0.010140 | | | RESTRUCTURED-SER A1 | 0.010000 | ✓ | | STATE OF CALIFORNIA 5.25% 08-01-44 | 0.009992 | | | CALIFORNIA ST EDUCTNL FACS AUTH REVENUE | 0.009981 | | | KAISER FOUNDATION HOSPITALS 5.0% 11-01-47 | 0.009896 | | | Puerto Rico, General Obligation Bonds, Vintage CW NT Claims Taxable Series 2022 | 0.009892 | ✓ | | California Community Choice Financing Authority, Series 2026 A-1 | 0.009749 | | | San Diego County Regional Airport Authority, Series 2025B | 0.009731 | | | CALIFORNIA COMMUNITY VAR | 0.009607 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB | 0.009575 | | | State of California 5.00% 09/01/2039 | 0.009552 | | | University of California, Series 2025 CC, RB | 0.009528 | | | Los Angeles (City of), CA, Series 2025, RB | 0.009524 | | | State of California | 0.009415 | | | STATE OF CALIFORNIA 5.0% 04-01-49 | 0.009404 | | | CALIFORNIA ST SCH FIN AUTH CHR CASSCD 07/55 FIXED OID 5 | 0.009352 | | | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2025 A, RB | 0.009039 | | | State of California | 0.008841 | | | LOS ANGELES DEPT-C | 0.008772 | | | STATE OF CALIFORNIA 5.0% 11-01-50 | 0.008573 | | | LELAND STANFORD JUNIOR UNIVERSITY 5.0% 06-01-46 | 0.008488 | | | M-S-R Energy Authority, Series 2009 C | 0.008379 | | | THE CHILDRENS TRUST FUND PR TO CHILDREN'S TRUST FUND | 0.008125 | ✓ | | UNIV OF CALIFORNIA CA | 0.007773 | | | COMMONSPIRIT HEALTH OBLIGATED GROUP 4.0% 04-01-45 | 0.007707 | | | CEDARS-SINAI MEDICAL CENTER OBLIGATED GROUP 3.0% 08-15-51 | 0.007673 | | | CA ST UNIV-A-REF | 0.007660 | | | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE | 0.007658 | | | UNIV OF CALIFORNIA CA REVENUES | 0.007490 | | | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 D, RB | 0.007483 | | | MORENO VLY UNIF SD-A | 0.007474 | | ## Nomura Tax-Free Pennsylvania Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | PENNSYLVANIA ST ECON DEV FING AUTH SOLID WASTE DISPOSAL REV | 0.031753 | | | ALLEGHENY HEALTH NETWORK OBLIGATED GROUP 5.0% 04-01-47 | 0.028430 | | | City of Philadelphia PA Airport Revenue | 0.026523 | | | PUERTO RICO SALES TAX FING COR REGD ZCP OID B/E 0.00000000 | 0.026515 | ✓ | | Puerto Rico, GDB Debt Recovery Authority Commonwealth Bonds, Taxable Series 2018 | 0.021496 | ✓ | | PUERTO RICO SALES TAX FING COR REGD OID B/E 4.75000000 | 0.019496 | ✓ | | UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM OBLIGATED GROUP 4.0% 08-15-49 | 0.017870 | | | PHILADELPHIA PA AUTH FOR INDL DEV UNIV REVENUE | 0.015956 | | | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2024C | 0.014615 | | | PENNSYLVANIA TURNPIKE COMMISSION 3.0% 12-01-51 | 0.014072 | | | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE | 0.013970 | | | PENNSYLVANIA ST HGR EDUCTNL FA REGD B/E 5.50000000 | 0.013847 | | | Southeastern Pennsylvania Transportation Authority, Revenue Bonds, Asset Improvement Series 2022 | 0.013479 | | | Puerto Rico, General Obligation Bonds, Vintage CW NT Claims Taxable Series 2022 | 0.013170 | ✓ | | PENNSYLVANIA ST ECON DEV FING AUTH UPMC REVENUE | 0.013117 | | | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE | 0.012952 | | | PUERTO RICO SALES TAX FING COR REGD OID B/E 5.00000000 | 0.012486 | ✓ | | THE CHILDRENS TRUST FUND PR TO CHILDREN'S TRUST FUND | 0.012256 | ✓ | | PA CUMGEN 4 11/01/2044 | 0.011971 | | | Pennsylvania Turnpike Commission Oil Franchise Tax Revenue | 0.011579 | | | PENNSYLVANIA ST UNIV | 0.011156 | | | ALLENTOWN PA NEIGHBORHOOD IMPT ZONE DEV AUTH TAX REVENUE | 0.011125 | | | THOMAS JEFFERSON UNIVERSITY OBLIGATED GROUP 4.0% 05-01-52 | 0.011085 | | | PHIL PA GAS 5.25% 8/1/2049 | 0.010791 | | | Moon Industrial Development Authority | 0.010311 | | | MONT PA IDA 5.375% 1/1/2050 | 0.010265 | | | PENNSYLVANIA ST ECON DEV FINGAUTH EXEMPT FACS REVENUE | 0.010184 | | | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE | 0.009943 | | | MASONIC VILLAGES OF THE GRAND LODGE OF PENNSYLVANIA 5.125% 11-01-38 | 0.009833 | | | MONTGOMERY HGR EDU-B | 0.009273 | | | Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Social Series 2025-148A | 0.009063 | | | Allegheny (County of), PA Airport Authority (Pittsburgh International Airport), Series 2021 A, RB | 0.009039 | | | LEHIGH VY HLTH NETWRK OBG | 0.008863 | | | Allegheny (County of), PA Industrial Development Authority (United States Steel Corp.), Series 2019, Ref. RB | 0.008808 | | | Marple Newtown School District | 0.008802 | | | Pennsylvania Turnpike Commission Oil Franchise Tax Revenue | 0.008719 | | | PHIL PA WTR 5% 9/1/2042 | 0.008458 | | | Pennsylvania Turnpike Commission, Series 2019A | 0.008157 | | | Pennsylvania Turnpike Commission, Series 2026A | 0.008109 | | | Southeastern Pennsylvania Transportation Authority, Series 2022 | 0.007986 | | | TEL HAI RETIREMENT COMMUNITY OBLIGATED GROUP 5.25% 06-01-55 | 0.007777 | | | MONTGOMERY HGR EDU-B | 0.007688 | | | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE | 0.007641 | | | Cumberland County Municipal Authority, Series 2019 | 0.007557 | | | PUERTO RICO SALES TAX FING COR REGD ZCP OID B/E 0.00000000 | 0.007554 | ✓ | | PHIL PA AIRPORT 4% 7/1/2046 @ | 0.007453 | | | PENN HIGHLANDS HEALTHCARE OBLIGATED GROUP 4.0% 07-15-50 | 0.007255 | | | ALLENTOWN PA CO 5% 7/1/2059 144A | 0.007084 | | | PHILADELPHIA PA AUTH FOR INDL DEV HOSP REVENUE | 0.006884 | | | RESTRUCTURED-SER A-2 | 0.006756 | ✓ | ## Sources - N-PORT (fund A) — accession `0000940400-26-014626` (as of 2026-02-27) - N-PORT (fund B) — accession `0000940400-26-014625` (as of 2026-02-27) --- _Informational only — not investment advice. 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