# Portfolio overlap — DTPIX vs DMUSX Comparing **Nomura Tax-Free Pennsylvania Fund** (2026-02-27) and **Nomura Tax-Free USA Intermediate Fund** (2026-02-27). - Shared positions: 16 - Nomura Tax-Free Pennsylvania Fund covered by Nomura Tax-Free USA Intermediate Fund: 0.09667954886977171088704167896 - Nomura Tax-Free USA Intermediate Fund covered by Nomura Tax-Free Pennsylvania Fund: 0.09667954886977171088704167896 ## 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 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 `0000940400-26-014625` (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 _