# Portfolio overlap — STAX vs PRMDX Comparing **Nomura Tax-Free USA Short Term ETF** (2026-03-31) and **T. Rowe Price Maryland Short-Term Tax-Free Bond Fund** (2026-02-28). - Shared positions: 2 - Nomura Tax-Free USA Short Term ETF covered by T. Rowe Price Maryland Short-Term Tax-Free Bond Fund: 0.02065036772701108940949662745 - T. Rowe Price Maryland Short-Term Tax-Free Bond Fund covered by Nomura Tax-Free USA Short Term ETF: 0.02065036772701108940949662745 ## 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 | | ## T. Rowe Price Maryland Short-Term Tax-Free Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION | 0.023653 | | | COUNTY OF BALTIMORE MD | 0.023250 | | | RESTRUCTURED-SER A1 | 0.019368 | | | State of Maryland, Series 2017 | 0.016933 | | | PUERTO RICO SALES TAX FING COR REGD ZCP OID B/E 0.00000000 | 0.016932 | | | State of Maryland Department of Transportation, Series 2017 | 0.016885 | | | State of Maryland, Series 2017A | 0.016704 | | | State of Maryland Department of Transportation, Series 2018 | 0.015613 | | | RESTRUCTURED-SER A1 | 0.014959 | ✓ | | MARYLAND ST HLTH & HGR EDUCTNL REGD V/R B/E 5.00000000 | 0.014677 | | | State of Maryland Department of Transportation, Series 2025, RB | 0.014293 | | | County of Prince George's, Series 2020B | 0.014019 | | | COUNTY OF HOWARD MD | 0.012542 | | | County of Montgomery, Series 2017D | 0.012522 | | | Maryland (State of) Stadium Authority (Baltimore City Public Schools), Series 2016, RB | 0.012408 | | | MARYLAND HLTH HGR-REF | 0.011642 | | | State of Maryland Department of Transportation, Series 2017 | 0.011615 | | | MARYLAND ST STA 5% 6/1/2026 | 0.011489 | | | MD EDC 0% 10/1/2036 MT | 0.011476 | | | PRINCE GEOR MD 5% 7/15/2027 | 0.011471 | | | COUNTY OF BALTIMORE MD | 0.011456 | | | MARYLAND STATE TRANSPORTATION AUTHORITY PASSENGER FACILITY CHARGE REVENUE | 0.011061 | | | Maryland State Transportation Authority, Series 2021A | 0.010788 | | | MARYLAND ST STADIUM AUTH REVENUE | 0.010366 | | | UNIVERSITY SYSTEM OF MARYLAND | 0.010356 | | | County of Baltimore, Series 2015 | 0.010062 | | | COUNTY OF CHARLES MD | 0.009827 | | | STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION | 0.009789 | | | COUNTY OF CHARLES MD | 0.009543 | | | MD CMNTY DEV-D-2 | 0.009051 | | | State of Maryland Department of Transportation, Series 2021, RB | 0.008998 | | | MARYLAND ECONOMIC DEVELOPMENT CORP | 0.008919 | | | WASHINGTON SUBURBAN SANITARY COMMISSION | 0.008791 | | | MARYLAND STATE TRANSPORTATION AUTHORITY PASSENGER FACILITY CHARGE REVENUE | 0.008760 | | | State of Maryland, Series 2018A | 0.008494 | | | COUNTY OF PRINCE GEORGE'S MD | 0.008403 | | | State of Maryland, Series 2020A-1 | 0.008240 | | | State of Maryland, Series 2017B | 0.008180 | | | MARYLAND DEPARTMENT OF HOUSING & COMMUNITY DEVELOPMENT | 0.008124 | | | Prince George's (County of), MD, Series 2020 A, GO Bonds | 0.007855 | | | MARYLAND STATE TRANSPORTATION AUTHORITY | 0.007774 | | | STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION | 0.007661 | | | State of Maryland, Series 2A | 0.007636 | | | State of Maryland, Series 2025B | 0.007621 | | | MARYLAND ECONOMIC DEVELOPMENT CORP | 0.007562 | | | State of Maryland Department of Transportation, Series 2021B | 0.007557 | | | State of Maryland, Series 2020 | 0.007481 | | | State of Maryland Department of Transportation, Series 2019 | 0.007467 | | | Montgomery (County of), MD, Series 2018 A, GO Bonds | 0.007408 | | | MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION | 0.007344 | | ## Sources - N-PORT (fund A) — accession `0002071691-26-012297` (as of 2026-03-31) - N-PORT (fund B) — accession `0001099263-26-004395` (as of 2026-02-28) --- _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 _