VGK vs. DMCY ETF Comparison

Comparison of Vanguard FTSE European ETF (VGK) to Democracy International Fund (DMCY)

VGK

Vanguard FTSE European ETF

VGK Description

The investment seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in the major markets of Europe. The fund employs an indexing investment approach by investing all, or substantially all, of its assets in the common stocks included in the FTSE Developed Europe Index. The FTSE Developed Europe Index is made up of approximately 497 common stocks of companies located in 17 European countries-mostly companies in the United Kingdom, France, Switzerland, and Germany (which made up approximately 34%, 15%, 14%, and 13%, respectively, of the index's market capitalization as of May 31, 2013).

Grade (RS Rating)

Last Trade

$64.81

Average Daily Volume

1,646,939

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

$25.56

Average Daily Volume

1,217

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VGK	DMCY
30 Days	-4.86%	-2.25%
60 Days	-7.45%	-4.85%
90 Days	-8.20%	-5.00%
12 Months	9.48%	10.30%

10 Overlapping Holdings

Symbol	Grade	Weight in VGK	Weight in DMCY	Overlap
ABBV	D	0.71%	0.56%	0.56%
BCS	C	0.37%	0.27%	0.27%
DEO	F	0.56%	0.33%	0.33%
E	F	0.28%	0.21%	0.21%
FLUT	A	0.34%	0.28%	0.28%
HSBH	B	1.38%	0.79%	0.79%
LYG	F	0.35%	0.27%	0.27%
NVS	D	1.8%	0.98%	0.98%
STLA	F	0.22%	0.21%	0.21%
UL	D	1.22%	0.65%	0.65%

VGK Overweight 8 Positions Relative to DMCY

Symbol	Grade	Weight
SW	A	0.22%
LOGI	D	0.1%
QGEN	D	0.08%
FRO	F	0.02%
FLNG	B	0.01%
TRMD	F	0.01%
GOGL	F	0.01%
GEN	B	0.0%

VGK Underweight 12 Positions Relative to DMCY

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