# Portfolio overlap — DTFIX vs DMUSX Comparing **Nomura Tax-Free USA Fund** (2026-02-27) and **Nomura Tax-Free USA Intermediate Fund** (2026-02-27). - Shared positions: 64 - Nomura Tax-Free USA Fund covered by Nomura Tax-Free USA Intermediate Fund: 0.2097382406783549578895151846 - Nomura Tax-Free USA Intermediate Fund covered by Nomura Tax-Free USA Fund: 0.2097382406783549578895151847 ## 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 | ✓ | ## 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 `0000940400-26-014618` (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 _