# Portfolio overlap — STAX vs GCMFX Comparing **Nomura Tax-Free USA Short Term ETF** (2026-03-31) and **PIMCO California Municipal Opportunistic Value Fund** (2026-03-31). - Shared positions: 1 - Nomura Tax-Free USA Short Term ETF covered by PIMCO California Municipal Opportunistic Value Fund: 0.01329487968773235066596920935 - PIMCO California Municipal Opportunistic Value Fund covered by Nomura Tax-Free USA Short Term ETF: 0.01329487968773235066596920935 ## Nomura Tax-Free USA Short Term ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | Housing & Redevelopment Authority of The City of St Paul Minnesota, Series 2017A | 0.038466 | | | City of Chicago Waterworks, Series 2004 | 0.037827 | | | State of Texas, Series 2018 | 0.035180 | | | Port Authority of New York & New Jersey, Series 246 | 0.031815 | | | NYC MUNI WTR-AA3-ADJ | 0.031762 | | | Pittsburgh Water & Sewer Authority, Series 2017A | 0.030327 | | | New Hampshire Business Finance Authority, Series 2021 | 0.027983 | | | MONT PA HR ED 5% 9/1/2029 | 0.026907 | | | Arizona Industrial Development Authority, Series 2022A | 0.026711 | | | Colorado Educational & Cultural Facilities Authority, Series 2014 | 0.026059 | | | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE | 0.025667 | | | New Jersey Transportation Trust Fund Authority, Series 2019BB | 0.025197 | | | MAIN STR NAT GA 5% 12/1/2052 MT | 0.024861 | | | IL CHIEDU 5.25 12/01/2030 | 0.024835 | | | Commonwealth Financing Authority, Tobacco Master Settlement Payment | 0.024750 | | | City of Chaska, Series 2015A | 0.024711 | | | Colorado Health Facilities Authority, Series 2017A | 0.024413 | | | New York Transportation Development Corp., Series 2022 | 0.023939 | | | DENVER CO ARPT 5.25% 11/15/2026 | 0.022570 | | | AUGUSTA GA DEV AUTH R | 0.022308 | | | State of Connecticut, Series 2018E | 0.021877 | | | DETROIT MI REGD B/E 5.00000000 | 0.021304 | | | LOWER AL GAS DIST GAS | 0.020687 | | | OKLAHOMA ST DEV FIN AUTH HLTHSYS REVENUE | 0.020394 | | | COMMONSPIRIT HEALTH OBL | 0.018517 | | | New York City Municipal Water Finance Authority, Series 2026DD | 0.017847 | | | REGL CO TRANSPRTN DIST PRIV ACTIVITY REVENUE | 0.016885 | | | State of Illinois, Series 2019B | 0.016818 | | | RESTRUCTURED-SER A1 | 0.016774 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2023, RB | 0.016762 | ✓ | | ALLENTOWN PA NEIGHBORHOOD IMPT ZONE DEV AUTH TAX REVENUE | 0.016691 | | | WA ST HLTH CARE FACS | 0.016582 | | | New York (City of), NY Industrial Development Agency (Yankee Stadium), Series 2020, Ref. RB | 0.016364 | | | Utility Debt Securitization Authority, Series 2016A | 0.015953 | | | COLORADO ST HLTH FACS | 0.015918 | | | Maricopa County Industrial Development Authority, Series 2020A | 0.015846 | | | BLACK BELT ENERGY GAS VAR | 0.015832 | | | Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Senior Lien Series 2020A-2 Class 1 | 0.015148 | | | Texas Department of Housing & Community Affairs, Series 2022B | 0.014854 | | | Virginia Public Building Authority, Series 2021A1 | 0.014780 | | | CA ST MFA REV 5% 7/1/2029 | 0.014548 | | | State of New Jersey, Series 2020A | 0.012801 | | | Cumberland County Municipal Authority, Series 2019 | 0.012286 | | | State of Illinois, Series 2021A | 0.011062 | | | NY MTA TRANSP 5% 11/15/2030 | 0.009931 | | | New York Transportation Development Corp., Series 2018 | 0.009814 | | | Ohio Housing Finance Agency | 0.008759 | | | TX PRIVATE ACTIVITY-A | 0.008409 | | | Tarrant County Cultural Education Facilities Finance Corp., Series 2016 | 0.006279 | | | Nashville (City of) & Davidson (County of), TN Metropolitan Government Health & Educational Facilities Board (The) (Vanderbilt Univ Medical Center) | 0.003991 | | ## PIMCO California Municipal Opportunistic Value Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Los Angeles (City of), CA Department of Airports, Series 2017, Sub. RB | 0.044250 | | | PIMCO PRV SHORT TERM FLT III MUTUAL FUND | 0.027944 | | | Ceres Unified School District, Series 2017, GO Bonds | 0.025339 | | | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2016, RB | 0.022422 | | | San Diego County Regional Airport Authority, Series 2019A | 0.016943 | | | SANGER UNIF SD-COPS | 0.016393 | | | San Diego County Regional Airport Authority, California, Airport Revenue Bonds, Subordinate Series 2017A | 0.016275 | | | OAKDALE CA JT UNIF SCH DIST OKDSCD 08/50 FIXED 5.25 | 0.015997 | | | MORENO VLY UNIF SD-A | 0.015853 | | | Long Beach (City of), CA, Series 2019 A, RB | 0.015677 | | | Pittsburg Public Financing Authority, Series 2022 A, RB | 0.015527 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB | 0.015442 | | | WEST COVINA CA UNIF SCH DIST 08/47 4 | 0.014511 | | | FREDDIE MAC MULTIFAMILY ML CERTIFICATES SER 2023-ML19 CL AUS V/R 3.99608400 | 0.014487 | | | PACIFICA CA SCH DIST PACSCD 08/50 FIXED 5 | 0.014460 | | | CA MUNI FIN AUTH-A-1 | 0.014430 | | | UNIV OF CALIFORNIA CA RGTS MED UNVHGR 05/41 FIXED 5 | 0.013898 | | | PALMDALE CA FING AUTH LEASE RE PLMGEN 06/53 FIXED OID 4.5 | 0.013875 | | | UNIV OF CALIFORNIA REVENUES | 0.013608 | | | SAN DIEGO USD-R2-CONV | 0.013395 | | | Alhambra Unified School District, Series B | 0.013325 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2023, RB | 0.013295 | ✓ | | SAN DIEGO UNIF SD-N2 | 0.013252 | | | COLTON CA JT UNIF SCH DIST COLTON JT UNIF SD F | 0.013243 | | | SANTA CRUZ CO CAP-A-1 | 0.013240 | | | MODESTO CA ELEM SCH DIST STANI MODSCD 08/47 FIXED 5 | 0.013054 | | | ALAMEDA CA HLTH CARE DIST COPS ALAMEDA HLTH CARE DIS | 0.013011 | | | SAN DIEGO TRANSPRTN-A | 0.012546 | | | LOS ANGELES HSG -A | 0.012508 | | | SAN JUAN UNIF SD | 0.012193 | | | SAN DIEGO PUB FACS-A | 0.011296 | | | CALIFORNIA STWD CMNTYS DEV AUT CASGEN 08/46 FIXED 5 | 0.010983 | | | San Leandro Unified School District, Series B | 0.010705 | | | CHOWCHILLA CA UNION HIGH SCH D CHOSCD 08/52 FIXED 5.5 | 0.010620 | | | MARINA CALIF CTFS PARTN MRNGEN 05/47 FIXED 5.25 | 0.010585 | | | IRVINE FACS FING-A | 0.010533 | | | CARSON PUB FIN AUTH | 0.010465 | | | CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.010447 | | | Lancaster Financing Authority | 0.010341 | | | SWEETWATER UNION HIGH SCHOOL D SWESCD 08/52 FIXED 5 | 0.010307 | | | LOS ANGELES UNIF SD | 0.010286 | | | CA MUNI FIN AUTH-A | 0.010273 | | | CA MUNI FIN AUTH-A | 0.010069 | | | S TAHOE CA JT PWRS FING AUTH L STHPWR 10/48 FIXED 5.25 | 0.009799 | | | CA MUNI FIN AUTH-REF | 0.009680 | | | FALLBROOK CA UNION HIGH SCH DI FALSCD 08/46 FIXED 4 | 0.009675 | | | MOUNT PLEASANT CA ELEM SCH DIST | 0.009440 | | | WARREN OH CITY SCH DIST COPS WARSCD 12/52 FIXED OID 4.625 | 0.009173 | | | CENTRL CA UNION HIGH SCH DISTI CENSCD 08/49 FIXED 4 | 0.009171 | | | CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.009134 | | ## Sources - N-PORT (fund A) — accession `0002071691-26-012297` (as of 2026-03-31) - N-PORT (fund B) — accession `0001099263-26-007264` (as of 2026-03-31) --- _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 _