# Portfolio overlap — USTIX vs FSHIX Comparing **Victory Tax Exempt Short-Term Fund** (2026-02-28) and **Federated Hermes Short-Intermediate Municipal Fund** (2026-03-31). - Shared positions: 24 - Victory Tax Exempt Short-Term Fund covered by Federated Hermes Short-Intermediate Municipal Fund: 0.06320484182792006199273121716 - Federated Hermes Short-Intermediate Municipal Fund covered by Victory Tax Exempt Short-Term Fund: 0.06320484182792006199273121717 ## Victory Tax Exempt Short-Term Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | PORT PORT ARTHUR TX NAV DIST VAR-MOTIVA ENTERPRISES PJ-A | 0.037600 | | | ONE BRYANT PARK LLC | 0.022436 | | | MAIN STR NAT GA 5% MT | 0.021599 | ✓ | | PORT OF PORT ARTHUR TX NAV DIST | 0.020231 | | | Southeast Energy Authority, Alabama, Revenue Bonds, Cooperative District Energy Supply Series 2025B | 0.017161 | | | METROPOLITAN TRANSPORTATION AUTHORITY | 0.015945 | | | Owen County, Kentucky, Waterworks System Revenue Bonds, Kentucky-American Water Company Project, Refunding Series 2019A | 0.015661 | | | State of Illinois, Series C | 0.014888 | | | PORT PORT ARTHUR TEX NAV DIST MOTIVA ENTERPRISES-C | 0.012369 | | | CORTLAND NY | 0.011984 | | | TOWNSHIP OF IRVINGTON NJ | 0.011760 | | | MUNIBOND | 0.010179 | | | GILLIAM WST VAR-CONV | 0.010160 | | | MAIN STR NAT GA 5% 12/1/2052 MT | 0.010151 | | | DEUTSCHE BANK SPEARS LIFERS TRUST | 0.009338 | | | DEUTSCHE-SPEARS-8153 | 0.009306 | | | TENNERGY CORP TN GAS REVENUE TGYPWR 10/53 ADJUSTABLE VAR | 0.008678 | | | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Refunding Series 2025A | 0.008615 | ✓ | | California Community Choice Financing Authority, Series C | 0.008603 | | | Energy Southeast Cooperative District, Alabama, Energy Supply Revenue Bonds, Series 2025B | 0.008461 | | | MUSKOGEE OK INDL TRUST EDUCTNL FACS LEASE REVENUE | 0.008120 | | | MICHIGAN ST STR VAR MT@ | 0.008080 | | | NJ HGR ED STUD LOAN 25-2 MT@ | 0.008006 | | | PENNSYLVANIA ST ECON DEV FING REGD V/R B/E AMT 4.00000000 | 0.007980 | ✓ | | KENTUCKY ST ECON DEV FIN AUTH HLTH CARE REVENUE | 0.007979 | | | DEUTSCHE-SPEARS-8161 | 0.007975 | | | DEUTSCHE SPEARS-8178 | 0.007975 | | | CITY OF FULTON NY | 0.007907 | | | KENTUCKY UTILITIES CO | 0.007895 | | | OWEN CNTY-B-REF | 0.007740 | | | COBB COUNTY GA DEV AUTH | 0.007666 | | | Selma Industrial Development Board, International Paper Co. Projects, Series 2019A | 0.007337 | | | PUBLIC SERVICE CO OF NEW MEXICO 2.15% 04-01-33 | 0.007176 | | | NORTON HEALTHCARE OBLIGATED GROUP (MPT) 5.0% 10-01-47 | 0.006889 | | | TN TGYPWR 12/01/2051 | 0.006760 | ✓ | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB | 0.006745 | | | BLACK BELT ENERGY GAS DISTRICT | 0.006683 | | | ARKANSAS DEV FIN AUTH | 0.006519 | | | MS BUSINESS FIN CORP | 0.006384 | | | BLACK BELT ENERGY GAS VAR | 0.006169 | | | TANGIPAHOA PARISH HOSPITAL SERVICE DISTRICT NO 1 | 0.006065 | | | POMPANO BEACH FL REVENUE REGD B/E 3.50000000 | 0.005682 | | | Development Authority of Burke County (The), Series 2009-1 | 0.005582 | | | CITY OF BRIDGEPORT CT | 0.005566 | | | TX LAVMFH 11/01/2044 | 0.005538 | | | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2019C-1 | 0.005490 | | | PA CHEDEV 5 03/01/2027 | 0.005434 | | | ILLINOIS ST FIN AUTH REVENUE REGD V/R B/E 3.78900000 | 0.005393 | | | DFW ARPT 5% 11/1/2050 MT @ | 0.005361 | ✓ | | BLACK BELT ENERGY GAS FRN | 0.005318 | | ## Federated Hermes Short-Intermediate Municipal Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Nuveen California AMT-Free Quality Municipal Income Fund, Series A | 0.035952 | | | CALIFORNIA ST INFRASTRUCTURE & REGD V/R B/E 1.20000000 | 0.024173 | | | West Jefferson Industrial Development Board | 0.022438 | | | Columbia Industrial Development Board, Series 2014 D | 0.018097 | | | State of Illinois, Series D | 0.016784 | | | MAIN STR NAT GA(RCC) 5% 9/1/30MT 53 | 0.015186 | | | TN TGYPWR 12/01/2051 | 0.014162 | ✓ | | LOUISIANA ST OFFSHORE TERMINAL LOUISIANA OFFSHORE TERMINAL AUTHORITY | 0.013988 | | | DFW ARPT 5% 11/1/2026 | 0.013631 | | | MAIN STR NAT GA 5% MT | 0.013495 | | | COLORADO ST HLTH FACS AUTH REV REGD V/R B/E 5.00000000 | 0.012961 | | | PORT OF SEATTLE WA REVENUE | 0.011170 | | | GA PWR - SOUTHERN CO 18-1 V1 | 0.010760 | | | MEADE CNTY KY INDL BLDG REVENU REGD V/R B/E AMT 3.10000000 | 0.010582 | | | FARM N MEX PCR 0% 6/1/2040 | 0.010429 | ✓ | | FT BEND TX ISD 4% 8/1/2054 | 0.010355 | | | CHESAPEAKE VA REDEV & HSG AUTH MF HSG REVENUE | 0.010217 | | | NJ EDA WTR 1.1% 11/1/2029 MT @ | 0.009842 | | | N TX TOLLWY AUTH-A | 0.009083 | | | WISCONSIN ST HLTH & EDUCTNL FA WISCONSIN HEALTH & EDUCATIONAL FACILITIES AUTHORIT | 0.008968 | | | LANSING MI WTR 2% MT | 0.008917 | | | MONTGOMERY INDL 0% 10/1/2053 MT | 0.008786 | | | SOUTHEAST ENRG 5% MT | 0.008696 | | | PA PASMED 5 06/15/2031 | 0.008265 | | | Lancaster Port Authority, Series 2024A | 0.008050 | | | MONRO NY 61075N 5% 7/1/2028 | 0.007837 | | | TX MATPOL 4.25 05/01/2030 | 0.007831 | | | WISE VA IDA SW 3.8% MT | 0.007737 | | | GA BURPOL 11/01/2053 | 0.007673 | | | TX DEPT HSG & CMNTY | 0.007656 | | | KNOXV TN 3.1% MT | 0.007655 | | | DICKSON TN HLTH EDUCTNL & HSG FAC BRD MF REVENUE | 0.007651 | | | Louisville/Jefferson County Metropolitan Government, Series 2005 A | 0.007613 | | | SWEETWATER PCR | 0.007606 | | | PHOENIX INDL DEV-A | 0.007277 | | | Jefferson County, Alabama, Sewer Revenue Warrants, Series 2024 | 0.007181 | | | TX TRANSPRTN-B-REF | 0.006816 | | | MAIN STR NAT GA 5% MT | 0.006768 | | | Harris County Cultural Education Facilities Finance Corp. (Baylor College of Medicine), Series 2024 A, RB | 0.006718 | | | NE PUB PWR DT | 0.006636 | | | WASTE MANAGEMENT INC 1.45% 04-01-27 | 0.006591 | | | GRAND PKWY TRANSPRTN | 0.006589 | | | Chandler Industrial Development Authority, Series 2019 | 0.006456 | ✓ | | NY NY CITY HS 3.7% MT | 0.006433 | | | WISCONSIN ST HLTH & EDUCTNL FA WISCONSIN HEALTH & EDUCATIONAL FACILITIES AUTHORIT | 0.006400 | | | Wisconsin (State of) Public Finance Authority (Duke Energy Progress), Series 2022, Ref. RB | 0.006381 | | | JPMorgan Chase Putters/Drivers Trust | 0.006375 | | | STATE OF OHIO | 0.006340 | | | TX MATPOL 2.6 11/01/2029 | 0.005707 | | | State of Illinois, Series D | 0.005598 | | ## Sources - N-PORT (fund A) — accession `0001004726-26-003004` (as of 2026-02-28) - N-PORT (fund B) — accession `0000353101-26-000007` (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 _