DBAW vs. DMCY ETF Comparison

Comparison of db X-trackers MSCI All World ex US Hedged Equity Fund (DBAW) to Democracy International Fund (DMCY)

DBAW

db X-trackers MSCI All World ex US Hedged Equity Fund

DBAW Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI ACWI ex USA US Dollar Hedged Index. The fund, using a "passive" or indexing investment approach, attempts to approximate the investment performance of the underlying index. The underlying index is designed to provide exposure to equity securities in developed and emerging stock markets (excluding the United States), while at the same time mitigating exposure to fluctuations between the value of the U.S. dollar and selected non-U.S. currencies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.42

Average Daily Volume

12,941

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DMCY

Democracy International Fund

DMCY Description

The Democracy International Fund is a Global Markets ex-United States Large & Mid Cap international equity portfolio that is both democracy and market capitalization weighted. The Democracy International Fund seeks to track the total return performance, before fees and expenses, of the Democracy Investments International Index. The intent of the Fund is to enable investors to allocate more into democracies thereby shifting capital flows toward democratic countries and away from authoritarian countries. This could lower the cost of capital and improve economic growth for democracies and the opposite for authoritarians, resulting in market-based incentives for democratic reforms.

Grade (RS Rating)

Last Trade

$25.50

Average Daily Volume

1,210

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DBAW	DMCY
30 Days	-2.23%	-3.53%
60 Days	1.15%	-4.75%
90 Days	1.14%	-5.23%
12 Months	17.70%	10.03%

13 Overlapping Holdings

Symbol	Grade	Weight in DBAW	Weight in DMCY	Overlap
ABBV	F	0.31%	0.56%	0.31%
BCS	A	0.17%	0.27%	0.17%
CNI	F	0.2%	0.38%	0.2%
DEO	F	0.23%	0.33%	0.23%
E	F	0.12%	0.21%	0.12%
HSBH	B	0.58%	0.79%	0.58%
LYG	D	0.15%	0.27%	0.15%
NVS	F	0.71%	0.98%	0.71%
SHOP	B	0.46%	0.63%	0.46%
STLA	F	0.1%	0.21%	0.1%
TD	D	0.34%	0.52%	0.34%
UL	D	0.5%	0.65%	0.5%
VALE	F	0.11%	0.11%	0.11%

DBAW Overweight 73 Positions Relative to DMCY

Symbol	Grade	Weight
TM	F	0.62%
BABA	D	0.59%
MUFG	B	0.46%
SONY	B	0.41%
SMFG	B	0.31%
HDB	C	0.29%
PDD	F	0.27%
IBN	C	0.26%
MFG	A	0.21%
HMC	F	0.14%
NU	C	0.14%
SE	A	0.13%
TCOM	B	0.11%
GOLD	C	0.1%
KB	B	0.09%
BIDU	F	0.09%
AER	A	0.07%
YUMC	C	0.07%
UMC	F	0.06%
RBA	A	0.06%
SHG	C	0.06%
TEVA	C	0.06%
NMR	B	0.06%
CYBR	A	0.05%
LI	F	0.05%
CHT	C	0.05%
CHKP	C	0.05%
XRX	F	0.05%
CCEP	C	0.05%
LOGI	D	0.04%
BEKE	D	0.04%
BAP	A	0.04%
OTEX	F	0.03%
WIT	B	0.03%
XPEV	C	0.03%
HTHT	D	0.03%
TME	D	0.03%
SCCO	F	0.03%
WIX	A	0.03%
GRAB	A	0.03%
BGNE	D	0.03%
QGEN	D	0.03%
MNDY	C	0.03%
ABEV	F	0.03%
KEP	B	0.02%
FUTU	D	0.02%
GGB	C	0.02%
VIPS	F	0.02%
BCH	C	0.02%
XP	F	0.02%
AGCO	D	0.02%
WFG	C	0.02%
NIO	F	0.02%
ERJ	A	0.02%
ASAI	F	0.02%
DOOO	F	0.01%
ATHM	C	0.01%
CSAN	F	0.01%
STNE	F	0.01%
LPL	D	0.01%
BVN	D	0.01%
SBSW	D	0.01%
BRFS	C	0.01%
QFIN	A	0.01%
LEGN	D	0.01%
TAL	F	0.01%
BZ	F	0.01%
MBAVU	C	0.01%
BILI	D	0.01%
GLBE	B	0.01%
IQ	F	0.0%
PAGS	F	0.0%
SKM	C	0.0%

DBAW Underweight 9 Positions Relative to DMCY

Symbol	Grade	Weight
EWT	D	-3.86%
EWJ	D	-3.26%
EIS	A	-0.81%
NXPI	D	-0.39%
WCN	A	-0.29%
FLUT	A	-0.28%
EWW	F	-0.28%
ICLR	D	-0.1%
BNTX	C	-0.04%