# Portfolio overlap — DMHIX vs DMUSX Comparing **Nomura Minnesota High-Yield Municipal Bond Fund** (2026-02-27) and **Nomura Tax-Free USA Intermediate Fund** (2026-02-27). - Shared positions: 10 - Nomura Minnesota High-Yield Municipal Bond Fund covered by Nomura Tax-Free USA Intermediate Fund: 0.03530651237780620298405856730 - Nomura Tax-Free USA Intermediate Fund covered by Nomura Minnesota High-Yield Municipal Bond Fund: 0.03530651237780620298405856730 ## 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 Intermediate Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Puerto Rico, GDB Debt Recovery Authority Commonwealth Bonds, Taxable Series 2018 | 0.022905 | | | TOBACCO SETTLEMENT FING CORP V TOBGEN 06/47 ZEROCPNOID 0 | 0.017492 | | | PUERTO RICO SALES TAX FING COR REGD OID B/E 4.75000000 | 0.015717 | ✓ | | Puerto Rico, General Obligation Bonds, Vintage CW NT Claims Taxable Series 2022 | 0.014299 | ✓ | | RESTRUCTURED-SER A1 | 0.013383 | ✓ | | PENNSYLVANIA ST HSG FIN AGY SF REGD B/E 4.85000000 | 0.012785 | | | STATE OF ILLINOIS MCCORMICK PLACE EXPANSION PROJECT FUND 4.0% 12-15-47 | 0.011868 | | | NY ST THRUWAY AUTH-B | 0.011609 | | | Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Series 2023A | 0.011551 | | | New Jersey Transportation Trust Fund Authority, Series 2009 A | 0.011235 | | | FL ST DFC(BRIGHTLINE FL)/AGM 5.25% 7/1/53@ | 0.010150 | | | WI PUBTRN 6.5 12/31/2065 | 0.009577 | | | SALT VERDE FINL. CO 5.00% | 0.009210 | | | UNITED STATES STEEL CORP 5.7% 05-01-53 | 0.009093 | | | NY LIBERTY DEV CORP | 0.008977 | | | RESTRUCTURED-SER A1 | 0.008610 | ✓ | | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 D, RB | 0.008559 | | | GTR ORLANDO FL AVIATION AUTH ARPT FACS REVENUE | 0.008269 | | | State of Illinois | 0.007784 | | | COLORADO ST HLTH FACS AUTH REVENUE | 0.007551 | | | DENVER CITY & CNTY CO ARPT REV REGD B/E AMT 5.00000000 | 0.007439 | | | CALIFORNIA ST EDUCTNL FACS AUTH REVENUE | 0.007248 | | | NJ TRANS TR FD-A-BAM | 0.006966 | | | SOUTHEAST ENERGY AUTH VAR | 0.006869 | | | PUERTO RICO SALES TAX FING COR REGD ZCP OID B/E 0.00000000 | 0.006808 | ✓ | | UNIV OF COLORADO CO HOSP AUTH UCOMED 11/35 ADJUSTABLE VAR | 0.006769 | | | New York Transportation Development Corp., Series 2024 | 0.006712 | | | State of Maryland, Series 2025, GO Bonds | 0.006691 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB | 0.006656 | | | STATE OF ILLINOIS MCCORMICK PLACE EXPANSION PROJECT FUND 4.0% 12-15-42 | 0.006508 | | | COUNTY OF HARRIS TX | 0.006499 | | | ST PAUL MN HLTH 4% 7/1/2035 | 0.006462 | | | NY ST THRWY AUTH | 0.006326 | | | RESTRUCTURED-SER A-2 | 0.006269 | | | BLACK BELT ENRY GAS-A | 0.006229 | | | CA ST PUB WKS BRD-D | 0.006218 | | | FLORIDA ST DEV FIN CORP REGD V/R B/E AMT 10.00000000 | 0.006207 | | | Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority, Series 2023 A-3 | 0.006176 | | | Seminole County Industrial Development Authority, Legacy Pointe at UCF Project, Series 2019A | 0.006155 | | | TRIBOROUGH NY BRIDGE & TUNNEL TRIBOROUGH BRIDGE & TUNNEL AUTHORITY | 0.006124 | | | BLACK BELT ENERGY GAS VAR | 0.006074 | | | BLACK BELT ENERGY GAS VAR | 0.005991 | | | NJ TRANSPR TRUST | 0.005982 | | | MUNI ELEC AUTH OF GEORGIA REGD B/E 5.00000000 | 0.005965 | | | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE | 0.005942 | | | SUFFOLK REGL OFF-TRACK BETTING SUFFOLK REGIONAL OFF-TRACK BETTING CORP | 0.005926 | | | San Diego County Regional Airport Authority, Series B | 0.005897 | | | PUERTO RICO SALES TAX FING COR REGD ZCP OID B/E 0.00000000 | 0.005880 | ✓ | | NYC TRANS FIN-A-E-1 | 0.005875 | | | VIRGINIA ST PUB BLDG AUTH PUBLIC FACS REVENUE | 0.005874 | | ## Sources - N-PORT (fund A) — accession `0000940400-26-014633` (as of 2026-02-27) - N-PORT (fund B) — accession `0000940400-26-014619` (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 _