TICKER: DMCY

DMCY

Investing in the growth of democracy

Fund Details

As of 05/22/2024

TickerDMCY
Fund TypeETF
Primary ExchangeNYSE
CUSIP00774Q148
Inception Date03/31/2021
ISINUS00774Q1489
Net Assets$7.81 Million
Gross Expense Ratio.63%
Net Expense Ratio*.50%

*Fee waivers and reimbursements are contractual and in effect until 04/30/2024.

Fund Description and Objectives

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 ETF is an international index fund that is both democracy and market capitalization weighted. The Global Markets ex United States Large & Mid Cap international equity portfolio is in both developed and emerging markets.

The Democracy International Fund ETF seeks to track the total return performance, before fees and expenses, of the Democracy Investments International Index.

Our democracy weighted index aligns the portfolio with country democracy scores, resulting in higher allocations in democratic countries and lower in authoritarian regimes.

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.

The Fund’s portfolio uses a representative sampling investment approach and holds:

  • Securities of the index constituents, consisting of common stocks and American Depositary Receipts (“ADRs”) of large- and medium-capitalization international companies.
  • Shares of exchange traded funds (“ETFs”), in combination such that the Fund’s returns are expected to correspond generally to the Index’s returns, country and sector weightings, and other characteristics such as market capitalization.
  • As the Fund grows, shares of ETFs may be replaced with more securities of the index constituents.

NAV and Market Price

As of 05/22/2024

NAVMarket Price
Net Asset$26.04Closing Price$26.03
Change ($)-$0.18Change ($)-$0.21
Change (%)-0.69%Change (%)-0.80%

Median Bid/Ask Spread (30 Day)Day's Trading Volume
0.42%8,411shares

Performance

As of quarter ending 03/31/2024

DMCY1M3MYTD1Y3YIncept.
NAV3.24%4.67%4.67%14.53%3.76%11.70%
Market3.08%4.67%4.67%14.44%3.74%11.65%

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. Returns for periods of less than one year are not annualized. The market price returns are based on the official closing price of an ETF share or, if the official closing price isn't available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of (4:00 PM Eastern Time).

Top Holdings

As of 05/22/2024

WeightCompanyTickerShares HeldMarket Value
24.04%VANGUARD FTSE PACIFIC ETFVPL25,347$1,877,705.76
6.58%VANGUARD FTSE EMVWO11,584$514,329.60
3.29%ISHARES MSCI TAIWAN ETFEWT5,031$256,731.93
2.68%ISHARES MSCI INDIA ETFINDA3,926$209,216.54
2.17%ISHARES MSCI AUSEWA6,864$169,128.96
2.15%ISHARES MSCI JAPAN ETFEWJ2,470$168,009.40
2.00%NOVO NORDISK A/S-BNOVOB1,164$155,985.28
1.85%ASML HOLDING NVASML156$144,351.80
1.33%WTAX FEE103,881$103,881.05
1.24%NESTLE SA-REGNESN932$96,884.38

Fund holdings are subject to change at any time and should not be considered recommendations to buy or sell security.

Premium/Discount

As of 05/22/2024

NAVMarketDifferencePremium/Discount
$26.04$26.03$0.01-0.04%

Historical

March 31, 2021-May 22, 2024

Days at2021Q1Q2Q3Q4
Premium1643224--
NAV2814--
Discount841214--

Historical

Showing data for: March 31, 2021-May 22, 2024

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Greatest Premium (07/01/21)
4.86%
Greatest Discount(09/02/22)
-0.89%
Days at Premium575
Days at NAV53
Days at Discount188

How to buy DMCY ETF?

The DMCY ETF trades intraday on an exchange. It is available through various channels including broker-dealers, investment advisers, and other financial services firms, including:

Democracy Investments is not affiliated with these financial service firms. Their listing should not be viewed as a recommendation or endorsement. By clicking the buttons above you are leaving the Democracy Investments website and going to a 3rd party site. Democracy Investments is not responsible for content on 3rd party sites.

Risk Disclosure and Important Information

Carefully consider the fund's investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the Fund’s summary or full prospectus, which may be obtained at www.democracyinvestments.com. Please read the prospectus carefully before investing. A hard copy of the prospectus can be requested by calling 877-PRO-DMCY (877-776-3629) or emailing DemocracyETF@seic.com.

Investing involves risk, including the possible loss of principal. There is no guarantee or assurance that the methodology used to create the Index will result in the Fund achieving positive investment returns or outperforming other investment products.

The fund is subject to the risks associated with International investments, which may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic, or political instability in other nations; emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume; and investments in smaller companies typically exhibit higher volatility.

The funds are distributed by SEI Investments Distribution Co, which is not affiliated with Democracy Investment Management LLC.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

© 2023 Democracy Investments LLC. All rights reserved.