# Portfolio overlap — USTIX vs MMIT Comparing **Victory Tax Exempt Short-Term Fund** (2026-02-28) and **NYLI MacKay Muni Intermediate ETF** (2026-04-30). - Shared positions: 18 - Victory Tax Exempt Short-Term Fund covered by NYLI MacKay Muni Intermediate ETF: 0.04475610536856582004761247629 - NYLI MacKay Muni Intermediate ETF covered by Victory Tax Exempt Short-Term Fund: 0.04475610536856582004761247629 ## 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 | | ## NYLI MacKay Muni Intermediate ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | ANTELOPE VLY E KERN CA WTR AGY ATLWTR 04/55 ADJUSTABLE VAR | 0.011066 | | | NEW YORK NY | 0.010820 | | | RESTRUCTURED-SER A-2 | 0.010632 | | | SOUTH DAKOTA ST HSG DEV AUTH REGD N/C B/E GNMA/FN 6.50000000 | 0.008989 | | | CA LOSUTL 5 07/01/2041 | 0.008714 | | | Minnesota Municipal Gas Agency | 0.008543 | | | Hudson Yards Infrastructure Corp., Series 2017 A, Ref. RB | 0.008455 | | | DREY-GVT CSH-I | 0.008420 | | | PENNSYLVANIA ST HSG FIN AGY SF REGD B/E 3.00000000 | 0.008346 | | | UNIV OF CALIFORNIA REVENUES UNVHGR 05/48 ADJUSTABLE VAR | 0.007638 | | | Chicago Transit Authority, Series A | 0.007162 | | | UNIV OF CALIFORNIA REVENUES UNVHGR 05/48 ADJUSTABLE VAR | 0.006365 | | | City of Springfield IL Electric Revenue | 0.005830 | | | MUNIBOND | 0.005797 | | | CHICAGO ILLIN 6% 4/1/2046 | 0.005470 | | | Phoenix Industrial Development Authority, Arizona, Lease Revenue Bonds, Mayo/Brooks Rehabilitation Facility Project, Series 2024A | 0.005382 | | | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Refunding Series 2024B | 0.005013 | ✓ | | MAIN STR NAT GA 5% 5/1/2055 MT | 0.004871 | | | NH NFADEV 4.25 07/20/2041 | 0.004539 | | | MAIN STR NAT GA 5% 12/1/2052 MT | 0.004464 | ✓ | | Black Belt Energy Gas District, Series F | 0.004383 | | | Tender Option Bond Trust Receipts/Certificates | 0.004276 | ✓ | | County of Parker TX | 0.004256 | | | TX TAREDU 11/15/2064 | 0.004229 | | | ILLINOIS ST HSG DEV AUTH REVENUE | 0.004205 | | | SOUTHEAST ENERGY AUTH VAR | 0.004141 | | | MOBILE PCR-VAR-AL PWR | 0.004099 | | | Southeast Energy Authority, Alabama, A Cooperative District Energy Supply Revenue Bonds Series 2024A | 0.004073 | ✓ | | TX TXSUTL 01/01/2055 | 0.004071 | ✓ | | Main Street Energy, Inc., Series D | 0.004018 | | | NH NFADEV 11/20/2042 | 0.004003 | | | SC PEGUTL 02/01/2054 | 0.003949 | | | Brownsburg 1999 School Building Corp | 0.003937 | | | Energy Southeast Cooperative District, Alabama, Energy Supply Revenue Bonds, Series 2025B | 0.003910 | ✓ | | LOUISIANA ST HSG CORP MF HSG R REGD N/C B/E HUD SEC 5.00000000 | 0.003830 | | | NYC-F-5 | 0.003819 | | | Mansfield Independent School District | 0.003750 | | | Mansfield Independent School District | 0.003740 | | | JobsOhio Beverage System, Series A | 0.003713 | | | WA WASHSG 11/20/2041 | 0.003658 | | | State of Connecticut | 0.003621 | | | TN TNSUTL 5 11/01/2034 | 0.003571 | | | NORTH CAROLINA HSG FIN AGY HOM REGD B/E GNMA/FN 6.25000000 | 0.003563 | | | IN MUNI PWR AGY-A-REF | 0.003546 | | | MI MISHSG 6 12/01/2056 | 0.003536 | | | NJ ST HSG and MTG 6.50% 4/1/2056 | 0.003520 | | | Chicago O'Hare International Airport | 0.003510 | | | CA LOSUTL 5 07/01/2039 | 0.003505 | | | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 C, RB | 0.003492 | | | INDIANA FIN AUTH MIDWESTERN DISASTER RELIEF REVENUE | 0.003483 | | ## Sources - N-PORT (fund A) — accession `0001004726-26-003004` (as of 2026-02-28) - N-PORT (fund B) — accession `0000940400-26-024935` (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 _