HEWJ vs. DMCY ETF Comparison

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

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

$41.97

Average Daily Volume

58,664

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

$25.43

Average Daily Volume

1,229

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HEWJ	DMCY
30 Days	0.82%	-4.26%
60 Days	2.51%	-5.10%
90 Days	2.69%	-3.88%
12 Months	21.39%	9.62%

1 Overlapping Holdings

	Symbol	Grade	Weight in HEWJ	Weight in DMCY	Overlap
	EWJ	D	98.69%	3.26%	3.26%

HEWJ Overweight 0 Positions Relative to DMCY

	Symbol	Grade	Weight

HEWJ Underweight 21 Positions Relative to DMCY

Symbol	Grade	Weight
EWT	D	-3.86%
NVS	D	-0.98%
EIS	A	-0.81%
HSBH	A	-0.79%
UL	D	-0.65%
SHOP	B	-0.63%
ABBV	F	-0.56%
TD	D	-0.52%
NXPI	F	-0.39%
CNI	F	-0.38%
DEO	F	-0.33%
WCN	A	-0.29%
FLUT	A	-0.28%
EWW	F	-0.28%
LYG	C	-0.27%
BCS	A	-0.27%
STLA	F	-0.21%
E	F	-0.21%
VALE	F	-0.11%
ICLR	D	-0.1%
BNTX	D	-0.04%

HEWJ: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Tokyo Stock Exchange