DMCY vs. JIRE ETF Comparison

Comparison of Democracy International Fund (DMCY) to JPMorgan International Research Enhanced Equity ETF (JIRE)

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

$25.56

Average Daily Volume

1,217

Number of Holdings ^*

* may have additional holdings in another (foreign) market

JIRE

JPMorgan International Research Enhanced Equity ETF

JIRE Description

Under normal circumstances, the fund invests at least 80% of its assets in equity securities. It seeks to outperform the MSCI EAFE Index over time while maintaining similar risk characteristics, including sector and geographic risks. In implementing its strategy, the fund primarily invests in securities included within the universe of the index. In addition, it may also invest in securities not included within the index. The fund only invests in the securities of companies located in developed markets.

Grade (RS Rating)

Last Trade

$61.47

Average Daily Volume

293,253

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DMCY	JIRE
30 Days	-2.25%	-3.28%
60 Days	-4.85%	-6.87%
90 Days	-5.00%	-7.45%
12 Months	10.30%	10.38%

7 Overlapping Holdings

Symbol	Grade	Weight in DMCY	Weight in JIRE	Overlap
BCS	C	0.27%	0.9%	0.27%
DEO	F	0.33%	0.34%	0.33%
HSBH	B	0.79%	0.92%	0.79%
LYG	F	0.27%	0.71%	0.27%
NVS	D	0.98%	1.12%	0.98%
STLA	F	0.21%	0.59%	0.21%
UL	D	0.65%	0.64%	0.64%

DMCY Overweight 15 Positions Relative to JIRE

Symbol	Grade	Weight
EWT	C	3.86%
EWJ	D	3.26%
EIS	A	0.81%
SHOP	B	0.63%
ABBV	D	0.56%
TD	F	0.52%
NXPI	D	0.39%
CNI	D	0.38%
WCN	A	0.29%
FLUT	A	0.28%
EWW	F	0.28%
E	F	0.21%
VALE	F	0.11%
ICLR	D	0.1%
BNTX	D	0.04%

DMCY Underweight 6 Positions Relative to JIRE

Symbol	Grade	Weight
TM	D	-1.26%
SMFG	B	-1.07%
SONY	B	-0.98%
MUFG	B	-0.45%
SE	B	-0.31%
HMC	F	-0.08%