DMCY vs. VEU ETF Comparison

Comparison of Democracy International Fund (DMCY) to Vanguard FTSE All World Ex US ETF (VEU)

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

VEU

Vanguard FTSE All World Ex US ETF

VEU Description

The investment seeks to track the performance of a benchmark index that measures the investment return of stocks of companies located in developed and emerging markets outside of the United States. The fund employs an indexing investment approach designed to track the performance of the FTSE All-World ex US Index, a free-float-adjusted, market-capitalization-weighted index designed to measure equity market performance of international markets. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$59.14

Average Daily Volume

2,050,655

Number of Holdings ^*

106

* may have additional holdings in another (foreign) market

Performance

Period	DMCY	VEU
30 Days	-3.53%	-3.66%
60 Days	-4.75%	-3.89%
90 Days	-5.23%	-4.04%
12 Months	10.03%	12.65%

16 Overlapping Holdings

Symbol	Grade	Weight in DMCY	Weight in VEU	Overlap
ABBV	F	0.56%	0.31%	0.31%
BCS	A	0.27%	0.16%	0.16%
CNI	F	0.38%	0.21%	0.21%
DEO	F	0.33%	0.24%	0.24%
E	F	0.21%	0.12%	0.12%
FLUT	A	0.28%	0.14%	0.14%
HSBH	B	0.79%	0.59%	0.59%
LYG	D	0.27%	0.15%	0.15%
NVS	F	0.98%	0.77%	0.77%
SHOP	B	0.63%	0.33%	0.33%
STLA	F	0.21%	0.1%	0.1%
TD	D	0.52%	0.34%	0.34%
UL	D	0.65%	0.52%	0.52%
VALE	F	0.11%	0.03%	0.03%
VALE	F	0.11%	0.12%	0.11%
WCN	A	0.29%	0.16%	0.16%

DMCY Overweight 7 Positions Relative to VEU

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

DMCY Underweight 90 Positions Relative to VEU

Symbol	Grade	Weight
BABA	D	-0.72%
TM	F	-0.71%
MUFG	B	-0.41%
HDB	C	-0.4%
SONY	B	-0.37%
PDD	F	-0.3%
SMFG	B	-0.27%
IBN	C	-0.21%
MFG	A	-0.18%
HMC	F	-0.17%
INFY	C	-0.12%
TCOM	B	-0.12%
GOLD	C	-0.11%
BIDU	F	-0.09%
SW	A	-0.09%
ITUB	F	-0.06%
YUMC	C	-0.06%
BEKE	D	-0.05%
LI	F	-0.05%
NMR	B	-0.05%
XRX	F	-0.05%
KB	B	-0.04%
SHG	C	-0.04%
KB	B	-0.04%
BGNE	D	-0.04%
LOGI	D	-0.04%
XPEV	C	-0.03%
CHT	C	-0.03%
BBD	D	-0.03%
UMC	F	-0.03%
TME	D	-0.03%
UMC	F	-0.03%
QGEN	D	-0.03%
PKX	D	-0.03%
MBAVU	C	-0.02%
AEI	D	-0.02%
BZ	F	-0.02%
TAL	F	-0.02%
VIPS	F	-0.02%
BCH	C	-0.02%
WIT	B	-0.02%
AGCO	D	-0.02%
ABEV	F	-0.02%
ERJ	A	-0.02%
BILI	D	-0.02%
NIO	F	-0.02%
ASAI	F	-0.02%
YMM	C	-0.02%
SHG	C	-0.02%
PBR	D	-0.02%
CHT	C	-0.02%
ATHM	C	-0.01%
GGB	C	-0.01%
GDS	C	-0.01%
SQM	D	-0.01%
BSAC	C	-0.01%
LPL	D	-0.01%
GGB	C	-0.01%
RDY	F	-0.01%
CSAN	F	-0.01%
KEP	B	-0.01%
BRFS	C	-0.01%
SBSW	D	-0.01%
TSM	B	-0.01%
CIB	B	-0.01%
ABEV	F	-0.01%
CX	F	-0.01%
QFIN	A	-0.01%
WIT	B	-0.01%
ATHM	C	-0.0%
JEWL	D	-0.0%
BAK	F	-0.0%
ASAI	F	-0.0%
ENIC	B	-0.0%
ELP	F	-0.0%
SID	F	-0.0%
TS	B	-0.0%
WB	D	-0.0%
TAK	D	-0.0%
EC	D	-0.0%
MNTX	B	-0.0%
VIV	F	-0.0%
CIG	C	-0.0%
YY	B	-0.0%
DQ	F	-0.0%
PIXY	F	-0.0%
AKO.A	F	-0.0%
IQ	F	-0.0%
RLX	C	-0.0%
KEP	B	-0.0%