# Portfolio overlap — DVHIX vs RTHAX Comparing **Nomura National High-Yield Municipal Bond Fund** (2026-02-27) and **Tax-Exempt High Yield Bond Fund** (2026-04-30). - Shared positions: 217 - Nomura National High-Yield Municipal Bond Fund covered by Tax-Exempt High Yield Bond Fund: 0.1337645977734885480067050842 - Tax-Exempt High Yield Bond Fund covered by Nomura National High-Yield Municipal Bond Fund: 0.1337645977734885480067050846 ## Nomura National High-Yield Municipal Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | RESTRUCTURED-SER A1 | 0.023778 | ✓ | | TOBACCO SETTLEMENT FING CORP V TOBGEN 06/47 ZEROCPNOID 0 | 0.015384 | ✓ | | Puerto Rico, GDB Debt Recovery Authority Commonwealth Bonds, Taxable Series 2018 | 0.015289 | ✓ | | Puerto Rico, General Obligation Bonds, Vintage CW NT Claims Taxable Series 2022 | 0.014882 | ✓ | | PUERTO RICO SALES TAX FING COR REGD ZCP OID B/E 0.00000000 | 0.012921 | ✓ | | PUERTO RICO SALES TAX FING COR REGD ZCP OID B/E 0.00000000 | 0.012586 | ✓ | | GOLDEN ST TOBACCO SECURITIZATI REGD ZCP OID B/E 0.00000000 | 0.011453 | ✓ | | PUERTO RICO SALES TAX FING COR REGD OID B/E 4.75000000 | 0.009734 | ✓ | | CALIFORNIA ST EDUCTNL | 0.009644 | | | TOBACCO SETTLEMENT FING CORP V TOBGEN 06/47 ZEROCPNOID 0 | 0.008345 | ✓ | | Inland Empire Tobacco Securitization Corp | 0.008320 | | | District of Columbia Tobacco Settlement Financing Corp., Series 2006 D, RB | 0.008229 | | | NY TRNSPRTN DEV CRP-A | 0.007792 | ✓ | | FLORIDA ST DEV FIN CORP REGD B/E AMT 5.50000000 | 0.007520 | | | RESTRUCTURED-SER A1 | 0.007497 | ✓ | | Inland Empire Tobacco Securitization Corp., Series 2007 F, RB | 0.007271 | | | UNITED STATES STEEL CORP 5.7% 05-01-53 | 0.006451 | ✓ | | MASSACHUSETTS ST DEV FIN AGY REVENUE | 0.006227 | | | FLORIDA ST DEV FIN CORP REGD V/R B/E AMT 10.00000000 | 0.006005 | ✓ | | PUERTO RICO SALES TAX FING COR REGD OID B/E 5.00000000 | 0.005836 | ✓ | | Monroe Tobacco Asset Securitization Corp., Series 2006 A, RB | 0.005669 | | | WI PUBTRN 6.5 12/31/2065 | 0.005617 | ✓ | | OH BUCGEN 5 06/01/2055 | 0.005473 | ✓ | | NY TRANSPRTN DEV CORP | 0.005376 | ✓ | | SUFFOLK REGL OFF-TRACK BETTING SUFFOLK REGIONAL OFF-TRACK BETTING CORP | 0.005165 | ✓ | | FL ST DFC(BRIGHTLINE FL)/AGM 5.25% 7/1/53@ | 0.005031 | | | NEW HOPE EDU FACS-A-1 | 0.004830 | ✓ | | DESERTXPRESS ENTERPRISES LLC (MPT) 12.0% 01-01-65 | 0.004743 | ✓ | | New York Counties Tobacco Trust V, Series 2005 S4B, RB | 0.004701 | | | OR FACS AUTH-B-REF | 0.004596 | | | Massachusetts (Commonwealth of), Series 2020 C, GO Bonds | 0.004452 | | | PUBLIC FIN AUTH WI REVENUE REGD B/E 5.75000000 | 0.004444 | ✓ | | Puerto Rico Electric Power Authority, Series XX | 0.004335 | ✓ | | Wisconsin (State of) Public Finance Authority, Series 2023, RB | 0.004304 | ✓ | | District of Columbia Tobacco Settlement Financing Corp., Series 2006 C, RB | 0.004245 | | | UNIV TX 5% 8/15/49 | 0.004176 | | | PREREF IOWA ST FIN AUTH MIDWSTRN DISA REGD B/E PREREFUNDED 12/01/32 @ 100 5.00000000 | 0.004174 | ✓ | | THE CHILDRENS TRUST FUND PR TO CHILDREN'S TRUST FUND | 0.004159 | | | FLORIDA ST DEV FIN CORP REGD V/R OID B/E AMT 14.00000000 | 0.004155 | ✓ | | WI PUBTRN 5.75 12/31/2065 | 0.003963 | ✓ | | CALIFORNIA ST EDUCTNL FACS AUTH REVENUE | 0.003872 | | | UNIV OF NORTH CAROLINA AT CHAPEL HILL NC HOSP REVENUE | 0.003807 | | | Chester Economic Development Authority | 0.003718 | | | PENNSYLVANIA ST UNIV | 0.003688 | | | ARKANSAS ST DEV FIN AUTH INDL REGD B/E AMT 7.37500000 | 0.003659 | | | ARKANSAS ST DEV FIN AUTH INDL REGD B/E AMT 6.87500000 | 0.003630 | | | COLORADO EDUCTNL & CULTURAL AUTH REVENUE | 0.003568 | | | UNITED STATES STEEL CORP 5.75% 10-01-49 | 0.003499 | ✓ | | Palm Beach (County of), FL, Series 2025, RB | 0.003490 | ✓ | | SEMINOLE CTY 5.5% 11/15/2049 | 0.003416 | | ## Tax-Exempt High Yield Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | U.S. Cash Management Fund | 0.022721 | | | OH BUCGEN 5 06/01/2055 | 0.011235 | ✓ | | PUERTO RICO SALES TAX FING COR REGD ZCP OID B/E 0.00000000 | 0.009425 | ✓ | | PUERTO RICO SALES TAX FING COR REGD OID B/E 5.00000000 | 0.009146 | ✓ | | WI PUBTRN 6.5 12/31/2065 | 0.005632 | ✓ | | New York State Dormitory Authority | 0.005206 | | | Puerto Rico Commonwealth Aqueduct & Sewer Authority, Series A | 0.004997 | | | NY NYCDEV 5 11/15/2044 | 0.004638 | ✓ | | Salt River Project Agricultural Improvement & Power District, Series 2025, RB | 0.004476 | | | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2025D | 0.004451 | | | NEW YORK ST THRUWAY AUTH PERSONAL INCOME TAX REVENUE | 0.004126 | | | NY TRANS CORP 5.50% 6/30/2054 @ | 0.004044 | ✓ | | RESTRUCTURED-SER A-2 | 0.004019 | | | TUSCLSA AL GOZ 5.25% 5/1/2044 | 0.004011 | | | Puerto Rico, GDB Debt Recovery Authority Commonwealth Bonds, Taxable Series 2018 | 0.004008 | ✓ | | RESTRUCTURED-SER A1 | 0.003644 | ✓ | | PENNSYLVANIA ST ECON DEV FING REGD B/E AMT 5.75000000 | 0.003642 | | | Puerto Rico, General Obligation Bonds, Vintage CW NT Claims Taxable Series 2022 | 0.003507 | ✓ | | City of Orlando, Series 2026B | 0.003504 | | | TX TRANSPRTN FIN-A | 0.003486 | | | City of New York, Series 2026G | 0.003459 | | | Harris County, Texas, Toll Road Revenue Bonds, Refunding First Lien Series 2024A | 0.003456 | | | Weatherford College of the Parker County Junior College District, Series 2025, RB | 0.003422 | | | UNITED STATES VIRGIN ISLANDS FEDERAL EXCISE TAX 5.0% 10-01-30 | 0.003390 | | | AR ARSDEV 09/01/2046 | 0.003371 | | | MISSOURI ST HLTH & EDUCTNL FACS AUTH | 0.003294 | | | STATE OF NEW JERSEY 4.0% 06-15-45 | 0.003139 | | | CHICAGO IL BRD OF EDU REGD OID B/E 5.75000000 | 0.002855 | ✓ | | NEW HOPE EDU FACS-A-1 | 0.002847 | ✓ | | CA STWD 5% 12/1/2046 | 0.002792 | | | NY TRANS CORP 5.375% 6/30/2060 @ | 0.002764 | | | RESTRUCTURED-SER A-2 | 0.002739 | | | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2019 A, RB | 0.002707 | | | George L. Smith II GA World Congress Center Auth. Rev. (Convention Center Hotel) A | 0.002650 | ✓ | | SOUTH JERSEY PORT NJ 17B AMT SF 5.0% 01-01-42 | 0.002623 | | | Jefferson (County of), AL, Series 2024, Ref. RB | 0.002598 | | | Toll Road Sr Lien Refunding RB Series 2021A | 0.002579 | | | MWAA DULLES TOL 4% 10/1/2049 | 0.002497 | | | NH NFAUTL 6.89 04/01/2034 | 0.002418 | | | PROJECTNEW YORK TRANS | 0.002357 | ✓ | | STATE OF ILLINOIS MCCORMICK PLACE EXPANSION PROJECT FUND 4.0% 06-15-52 | 0.002298 | ✓ | | PUERTO RICO SALES TAX FING COR REGD OID B/E 4.75000000 | 0.002280 | ✓ | | BALTIMORE MD WASTEWATER SUB 14C SF 5.0% 07-01-44 | 0.002265 | | | PROMEDICA HEALTHCARE OBLIGATED GROUP 5.25% 11-15-48 | 0.002256 | | | NJ TRANSPRTN TRUST-CC | 0.002185 | | | LONGWOOD HOUSING FOUNDATION LLC 5.0% 01-01-40 | 0.002180 | | | Black Belt Energy Gas District | 0.002161 | | | Travis County Healthcare District | 0.002157 | | | IL CHITRN 5.25 01/01/2061 | 0.002134 | ✓ | | PUERTO RICO SALES TAX FING COR REGD ZCP OID B/E 0.00000000 | 0.002131 | ✓ | ## Sources - N-PORT (fund A) — accession `0000940400-26-014632` (as of 2026-02-27) - N-PORT (fund B) — accession `0001410368-26-063588` (as of 2026-04-30) --- _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 _