# Portfolio overlap — DMHIX vs DMTFX Comparing **Nomura Minnesota High-Yield Municipal Bond Fund** (2026-02-27) and **Nomura Tax-Free USA Fund** (2026-02-27). - Shared positions: 16 - Nomura Minnesota High-Yield Municipal Bond Fund covered by Nomura Tax-Free USA Fund: 0.03121940539231211283667731134 - Nomura Tax-Free USA Fund covered by Nomura Minnesota High-Yield Municipal Bond Fund: 0.03121940539231211283667731134 ## 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 USA Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | PUERTO RICO SALES TAX FING COR REGD ZCP OID B/E 0.00000000 | 0.031306 | ✓ | | Puerto Rico, GDB Debt Recovery Authority Commonwealth Bonds, Taxable Series 2018 | 0.022106 | | | PUERTO RICO SALES TAX FING COR REGD OID B/E 4.75000000 | 0.017631 | ✓ | | Puerto Rico, General Obligation Bonds, Vintage CW NT Claims Taxable Series 2022 | 0.017422 | ✓ | | CALIFORNIA ST EDUCTNL | 0.016245 | | | New York Counties Tobacco Trust V, Series 2005 S4B, RB | 0.014811 | | | RESTRUCTURED-SER A1 | 0.014282 | ✓ | | PUERTO RICO SALES TAX FING COR REGD ZCP OID B/E 0.00000000 | 0.013192 | ✓ | | NY LIBERTY DEV-BAM | 0.011543 | | | George L. Smith II GA World Congress Center Auth. Rev. (Convention Center Hotel) A | 0.010088 | | | STATE OF ILLINOIS MCCORMICK PLACE EXPANSION PROJECT FUND 4.0% 06-15-52 | 0.009681 | | | HILLSBR FL IDA 3.50% 8/1/2055 | 0.009253 | | | STATE OF ILLINOIS MCCORMICK PLACE EXPANSION PROJECT FUND AG 0.0% 12-15-56 | 0.009104 | | | FL ST DFC(BRIGHTLINE FL)/AGM 5.25% 7/1/53@ | 0.008675 | | | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT | 0.007893 | | | PREREF IOWA ST FIN AUTH MIDWSTRN DISA REGD B/E PREREFUNDED 12/01/32 @ 100 5.00000000 | 0.007850 | | | STATE OF ILLINOIS MCCORMICK PLACE EXPANSION PROJECT FUND BAM-TCRS 0.0% 12-15-54 | 0.007752 | | | County of Montgomery MD | 0.007438 | | | KAISER FOUNDATION HOSPITALS 5.0% 11-01-47 | 0.007349 | | | STATE OF ILLINOIS 4.0% 11-01-39 | 0.007131 | | | Salt River Project Agricultural Improvement & Power District, Series 2025, RB | 0.007032 | | | WI PUBTRN 6.5 12/31/2065 | 0.007023 | | | Inland Empire Tobacco Securitization Corp | 0.006899 | | | BUCKEYE TOBACCO SETTLEMENT FIN BUCGEN 06/48 FIXED 4 | 0.006873 | | | WI PUBTRN 5.75 12/31/2065 | 0.006833 | | | NY TRNSPRTN DEV CRP-A | 0.006705 | | | Tender Option Bond Trust Receipts/Certificates | 0.006327 | | | MUNI ELEC AUTH OF GEORGIA | 0.006304 | | | PREREF MET WASHINGTON DC ARPTS AUTH D REGD OID B/E AG PREREFUNDED 10/01/26 @ 100 6.50000000 | 0.006242 | | | WASHINGTON ST HSG FIN COMMISSI REGD OID B/E BAM 5.25000000 | 0.006178 | | | ARKANSAS ST DEV FIN AUTH INDL REGD B/E AMT 6.87500000 | 0.006104 | | | SALT RIVER-SER B | 0.006038 | | | Chicago O'Hare International Airport, Series E | 0.005969 | | | NYC MUNI WTR-AA3-ADJ | 0.005883 | | | New Jersey Transportation Trust Fund Authority, Series 2009 A | 0.005731 | | | Washington Metropolitan Area Transit Authority, Series 2025, RB | 0.005625 | | | MONTGOMERY HGR EDU-B | 0.005624 | | | OR FACS AUTH-B-REF | 0.005466 | | | Wisconsin (State of) Public Finance Authority, Series 2023, RB | 0.005331 | | | MASSACHUSETTS ST DEV FIN AGY REVENUE | 0.005313 | | | Fairfax (County of), VA, Series 2025 A, GO Bonds | 0.005111 | | | UNIV TX 5% 8/15/49 | 0.004910 | | | State of California, Series 2024 | 0.004884 | | | State of California | 0.004870 | | | VIRGINIA ST CLG BLDG | 0.004864 | | | Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group), Series 2022, RB | 0.004793 | | | State of Illinois | 0.004778 | | | TX TTFTRN 5.5 10/01/2055 | 0.004758 | | | NEW YORK ST DORM AUTH REVENUES REGD B/E 5.50000000 | 0.004752 | | | PUERTO RICO SALES TAX FING COR REGD OID B/E 5.00000000 | 0.004749 | ✓ | ## Sources - N-PORT (fund A) — accession `0000940400-26-014633` (as of 2026-02-27) - N-PORT (fund B) — accession `0000940400-26-014618` (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 _