# Portfolio overlap — NOTAX vs DMTFX Comparing **DWS Strategic High Yield Tax-Free Fund** (2026-02-28) and **Nomura Tax-Free USA Fund** (2026-02-27). - Shared positions: 22 - DWS Strategic High Yield Tax-Free Fund covered by Nomura Tax-Free USA Fund: 0.06849574716901622068093564672 - Nomura Tax-Free USA Fund covered by DWS Strategic High Yield Tax-Free Fund: 0.06849574716901622068093564672 ## DWS Strategic High Yield Tax-Free Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | MSR Energy Authority, Series B | 0.016393 | | | FLORIDA ST DEV FIN CORP SENIOR LIVING REVENUE | 0.015609 | | | PUERTO RICO SALES TAX FING COR REGD OID B/E 4.75000000 | 0.015213 | ✓ | | NYC NY 5.5% 8/1/50 | 0.013025 | | | PUBLIC FIN AUTH WI EDUCTNL FAC REVENUE | 0.012651 | | | STATE OF CALIFORNIA 5.0% 03-01-49 | 0.012430 | | | NYC TRANSITIONAL-I-1 | 0.012324 | | | WI PUBGEN 6 02/01/2062 | 0.011844 | | | Aurora Highlands Community Authority Board, Series 2021 A, Ref. RB | 0.011195 | | | ARIZONA ST INDL DEV AUTH SENIOR LIVING REVENUE | 0.010704 | | | PENINSULA TOWN CENTER VA CMNTY PTCDEV 09/45 FIXED 5 | 0.010694 | | | LOMA LINDA UNIVERSITY MEDICAL CENTER OBLIGATED GROUP 5.5% 12-01-54 | 0.010603 | | | CALIFORNIA ST MUNI FIN AUTH REVENUE | 0.010241 | | | VIRGINIA ST SMALL BUSINESS FIN REGD B/E AMT 4.00000000 | 0.010160 | | | PUBLIC AUTHORITY FOR COLORADO PUBUTL 11/28 FIXED OID 6.25 | 0.010101 | | | IOWA ST HGR EDU LOAN AUTH | 0.010055 | | | TX MATPOL 4.4 05/01/2030 | 0.009695 | | | WISCONSIN HLTH EDL FACS AUTH SENIOR LIVING REVENUE | 0.009522 | | | NEW YORK CITY NY HSG DEV CORP MF HSG REVENUE | 0.009466 | | | MASSACHUSETTS ST DEV FIN AGY S REGD OID B/E 6.50000000 | 0.009195 | | | CSCDA Community Improvement Authority, California, Essential Housing Revenue Bonds, Altana Glendale, Series 2021A-1 | 0.009022 | | | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE | 0.008446 | | | State of Illinois | 0.008411 | | | INDIANA ST FIN AUTH REVENUE | 0.008400 | | | UTAH ST CHRT SCH FIN AUTH CHRT SCH REVENUE | 0.008372 | | | SEMINOLE CTY 5.5% 11/15/2049 | 0.008273 | ✓ | | MD ECON DEV CORP | 0.008193 | | | NEW HOPE CULTURAL EDU FACS FIN CORP TX SENIOR LIVING REVENUE | 0.008145 | | | KANSAS CITY MO LAND CLEARANCE REDEV AUTH PROJ REVENUE | 0.008086 | | | River Islands Public Financing Authority, California, Special Tax Bonds, Community Facilities District 2019-1 Phase 2 Public Improvements, Series 2019 | 0.007718 | | | SIGNIA HOTEL MANAGEMENT LLC 5.0% 01-01-54 | 0.007447 | | | Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | 0.007406 | | | WI PUBTRN 5.75 12/31/2065 | 0.007206 | ✓ | | WASHINGTON ST CONVENTION CENTER PUBLIC FACS DIST | 0.007168 | | | TX NEWEDU 4 04/01/2057 | 0.007164 | | | NEW HOPE CULTURAL EDU FACS FINCORP TX EDU REVENUE | 0.007086 | | | RI H and E BLDG CO 5% 7/1/2050 | 0.006961 | | | South Miami Health Facilities Authority, Inc. (Baptist Health South Florida Obligated Group), Series 2017, Ref. RB | 0.006882 | | | NJ EDA REV 5% 10/1/2039 | 0.006815 | | | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2025B | 0.006801 | | | NEWBRIDGE ON THE CHARLES INC OBLIGATED GROUP 5.0% 10-01-57 | 0.006743 | | | MINNESOTA ST HSG FIN AGY REGD B/E GNMA/FN 5.00000000 | 0.006553 | | | Jacksonville, Florida, Educational Facilities Revenue Bonds, Jacksonville University Project, Series 2018B | 0.006529 | | | ILLINOIS ST HSG DEV AUTH REVENUE | 0.006502 | | | ORANGE HLTH FACS-A | 0.006415 | | | PUBLIC FIN AUTH WI SR LIVING CMNTY 1ST MTGE REVENUE | 0.006209 | | | RI STUD LN 4.125% 12/1/2043@ | 0.006132 | | | RESTRUCTURED-CABS-SER | 0.006120 | | | Charlotte (County of), FL Industrial Development Authority (Town & Country Utilities), Series 2025, RB | 0.006102 | | | CHATTANOOGA TN HLTH EDUCTNL & REGD B/E 5.25000000 | 0.006026 | | ## 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 `0001410368-26-040951` (as of 2026-02-28) - 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 _