DMCY vs. IMFL ETF Comparison

Comparison of Democracy International Fund (DMCY) to Invesco International Developed Dynamic Multifactor ETF (IMFL)

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

$26.98

Average Daily Volume

1,333

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IMFL

Invesco International Developed Dynamic Multifactor ETF

IMFL Description

The investment seeks to track the investment results (before fees and expenses) of the FTSE Developed ex US Invesco Dynamic Multifactor Index. The fund generally will invest at least 80% of its total assets in the securities that comprise the index. The index is designed to utilize factor configurations that, in the view of the index Provider, have historically outperformed other factors in certain stages of the economic cycle. It is non-diversified.

Grade (RS Rating)

Last Trade

$26.20

Average Daily Volume

35,988

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DMCY	IMFL
30 Days	2.02%	1.67%
60 Days	4.08%	4.97%
90 Days	5.13%	6.39%
12 Months	17.39%	11.87%

7 Overlapping Holdings

Symbol	Grade	Weight in DMCY	Weight in IMFL	Overlap
ABBV	C	0.56%	1.31%	0.56%
CNI	D	0.41%	0.41%	0.41%
DEO	C	0.35%	0.08%	0.08%
NVS	C	1.07%	5.47%	1.07%
STLA	F	0.21%	0.21%	0.21%
UL	C	0.71%	0.67%	0.67%
WCN	D	0.31%	0.35%	0.31%

DMCY Overweight 14 Positions Relative to IMFL

Symbol	Grade	Weight
EWT	D	3.36%
EWJ	B	2.21%
EIS	D	0.76%
TD	B	0.56%
SHOP	C	0.39%
NXPI	F	0.35%
LYG	B	0.3%
EWW	F	0.3%
FLUT	B	0.24%
BCS	B	0.24%
E	C	0.23%
ICLR	D	0.15%
VALE	D	0.11%
BNTX	C	0.04%

DMCY Underweight 8 Positions Relative to IMFL

Symbol	Grade	Weight
TM	F	-1.32%
HMC	D	-0.31%
SHG	C	-0.1%
KB	D	-0.09%
LOGI	D	-0.08%
SONY	C	-0.06%
MUFG	D	-0.05%
SMFG	D	-0.04%