DMCY vs. HEWJ ETF Comparison

Comparison of Democracy International Fund (DMCY) to iShares Currency Hedged MSCI Japan ETF (HEWJ)

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

$25.54

Average Daily Volume

941

Number of Holdings ^*

21

* may have additional holdings in another (foreign) market

HEWJ

iShares Currency Hedged MSCI Japan ETF

HEWJ Description

The investment seeks to track the investment results of an index composed of large- and mid-capitalization Japanese equities while mitigating exposure to fluctuations between the value of the Japanese yen and the U.S. dollar. The fund seeks to track the investment results of the MSCI Japan 100% Hedged to USD Index (the "underlying index"), which consists of stocks traded primarily on the Tokyo Stock Exchange with the currency risk of the securities included in the underlying index hedged against the U.S. dollar on a monthly basis. It is non-diversified.

Grade (RS Rating)

Last Trade

$40.14

Average Daily Volume

121,920

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

Performance

Period	DMCY	HEWJ
30 Days	-0.31%	-8.67%
60 Days	-1.69%	-5.23%
90 Days	0.10%	-2.60%
12 Months	9.34%	23.46%

1 Overlapping Holdings

	Symbol	Grade	Weight in DMCY	Weight in HEWJ	Overlap
	EWJ	C	2.2%	1.0%	1.0%

DMCY Overweight 20 Positions Relative to HEWJ

	Symbol	Grade	Weight
	EWT	D	3.41%
	NVS	A	1.04%
	EIS	C	0.78%
	UL	A	0.68%
	ABBV	A	0.57%
	TD	C	0.54%
	CNI	F	0.41%
	NXPI	D	0.39%
	DEO	F	0.36%
	SHOP	F	0.33%
	EWW	F	0.33%
	LYG	C	0.31%
	WCN	A	0.29%
	BCS	B	0.26%
	E	B	0.24%
	STLA	F	0.24%
	FLUT	C	0.22%
	ICLR	B	0.17%
	VALE	F	0.12%
	BNTX	F	0.04%

DMCY Underweight 0 Positions Relative to HEWJ

	Symbol	Grade	Weight

DMCY: Top Represented Industries & Keywords

Industries: Banks - Global Drug Manufacturers - Major Auto Manufacturers Banks - Regional - Europe Beverages - Wineries & Distilleries Biotechnology Diagnostics & Research Gambling Household & Personal Products Industrial Metals & Minerals Oil & Gas Integrated Railroads Semiconductors Software - Application Waste Management

Keywords: ETF Exchange Traded Fund Banking Biotechnology Gas Exploration Insurance Products Natural Gas Exploration Bank Banking Solutions Biomarkers Chemical Commercial Banking Exchange Traded Funds Eye Care Products Fax Ferrous Financial Products General Insurance Infectious Diseases Investment Banking

HEWJ: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Tokyo Stock Exchange