# Portfolio overlap — DTPIX vs DMTFX Comparing **Nomura Tax-Free Pennsylvania Fund** (2026-02-27) and **Nomura Tax-Free USA Fund** (2026-02-27). - Shared positions: 25 - Nomura Tax-Free Pennsylvania Fund covered by Nomura Tax-Free USA Fund: 0.1347452561242254051062026462 - Nomura Tax-Free USA Fund covered by Nomura Tax-Free Pennsylvania Fund: 0.1347452561242254051062026461 ## 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 | ✓ | ## 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 `0000940400-26-014625` (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 _