# Portfolio overlap — DMHIX vs DELIX Comparing **Nomura Minnesota High-Yield Municipal Bond Fund** (2026-02-27) and **Nomura Tax-Free Pennsylvania Fund** (2026-02-27). - Shared positions: 9 - Nomura Minnesota High-Yield Municipal Bond Fund covered by Nomura Tax-Free Pennsylvania Fund: 0.03432916559469179902157358147 - Nomura Tax-Free Pennsylvania Fund covered by Nomura Minnesota High-Yield Municipal Bond Fund: 0.03432916559469179902157358147 ## Nomura Minnesota High-Yield Municipal Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | DULUTH MN ECON DEV AUTH HLTH C REGD B/E 5.00000000 | 0.030490 | | | ROCHESTER MN HLTH CARE FACS REVENUE | 0.029323 | | | St Paul Port Authority | 0.023416 | | | Minneapolis-St. Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien Series 2019A | 0.018224 | | | State of Minnesota | 0.015890 | | | St. Paul (City of), MN Housing & Redevelopment Authority (Hmong College Prep Academy), Series 2016, Ref. RB | 0.015358 | | | Minneapolis-St. Paul Metropolitan Airports Commission, Series 2024A | 0.014120 | | | RESTRUCTURED-SER A-2 | 0.012319 | ✓ | | MINNESOTA ST HGR EDU FACS AUTH MNSHGR 05/47 FIXED 5 | 0.012192 | | | City of Rosemount MN | 0.012075 | | | MINNEAPOLIS MN HLTH CARE SYS R REGD OID B/E 4.00000000 | 0.010815 | | | MN MAC PORT REV 5.25% 1/1/2049 @ | 0.010484 | | | WOODBURY MN CHRT SCH LEASE REV REGD OID B/E 5.50000000 | 0.010346 | | | MINNESOTA ST HIGHER ED FACS AUTH | 0.010296 | | | St. Cloud (City of), MN (CentraCare Health System), Series 2024, Ref. RB | 0.009959 | | | ROCHSTR MN HLTH 4.375% 11/15/53 | 0.009694 | | | Minneapolis-St. Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien Series 2019B | 0.009650 | | | MINNEAPOLIS MN & SAINT PAUL MN HSG & REDEV AUTH HLTH CARE | 0.009537 | | | ST CLOUD_MN HLT 4% 5/1/2049 | 0.008927 | | | DULUTH MN ECON DEV AUTH HLTH C REGD B/E 5.25000000 | 0.008824 | | | MINN-ST HSG HSP 5% 8/15/2040 | 0.008503 | | | MINNEAPOLS MN 4% 11/15/2039 | 0.008424 | | | City of Minneapolis MN | 0.008407 | | | MN AG and EC DEV 4% 1/1/2049 | 0.008223 | | | St. Paul (City of), MN Housing & Redevelopment Authority (Fairview Health Services), Series 2017 A, Ref. RB | 0.008217 | | | Dakota County Community Development Agency, Minnesota, Senior Housing Revenue Bonds, Walker Highview Hills LLC Project, Refunding Series 2016A | 0.008100 | | | City of St Bonifacius, Series 2025 | 0.007982 | | | City of Brainerd MN | 0.007923 | | | Saint Paul Housing and Redevelopment Authority Minnesota, Senior Housing and Health Care Revenue Bonds, Episcopal Homes Project, Series 2013 | 0.007242 | | | MINNESOTA ST HSG FIN AGY | 0.007209 | | | MAPLE GROVE MN HLTH CARE FACS REVENUE | 0.007120 | | | Otsego, Minnesota, Charter School Lease Revenue Bonds, Kaleidoscope Charter School Project, Series 2014A | 0.007077 | | | City of Minneapolis MN | 0.007019 | | | ROCHESTER MN HLTH CARE FACS REVENUE | 0.006999 | | | DULUTH MN ECON DEV AUTH HLTH CARE FACS REVENUE | 0.006994 | | | ROCHSTR MN HLTH 4% 11/15/2039 | 0.006866 | | | MINNEAPOLIS MN REVENUE | 0.006861 | | | SAINT PAUL MN HSG & REDEV AUTH CHRT SCH LEASE REVENUE | 0.006675 | | | City of Oakdale MN | 0.006658 | | | DULUTH MINN ECONOMIC DEV AUTH | 0.006519 | | | ST PAUL HSG-A-SYS | 0.006476 | | | MINNESOTA ST HIGHER ED FACS AUTH | 0.006458 | | | RICE CNTY MN | 0.006371 | | | City of Brooklyn Park MN | 0.006087 | | | Duluth Housing & Redevelopment Authority | 0.006069 | | | City of West St Paul MN | 0.006035 | | | PUERTO RICO SALES TAX FING COR REGD OID B/E 4.75000000 | 0.005996 | ✓ | | PUERTO RICO SALES TAX FING COR REGD ZCP OID B/E 0.00000000 | 0.005844 | ✓ | | City of Bethel MN | 0.005759 | | | City of Chatfield MN | 0.005648 | | ## 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 `0000940400-26-014633` (as of 2026-02-27) - N-PORT (fund B) — accession `0000940400-26-014625` (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 _