Key stats
About Democracy International Fund ETF
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Inception date
Mar 31, 2021
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Democracy Investment Management LLC
Distributor
SEI Investments Distribution Co.
ISIN
US00774Q1489
DMCYs underlying index aims to invest heavily in companies located in democratic countries, and less heavily in authoritarian countries. Index construction begins by utilizing the Democracy Score assigned to each country by The Economist Group. This score is a composite of 60 different criteria from five categories of: electoral process and pluralism, civil liberties, functioning of government, political participation, and political culture. Using the holdings from the Solactive GBS Global Markets ex-United States Large & Mid Cap USD Index, companies are reweighted based on the product of the companys market-cap and Democracy Score. This results in a portfolio that overweights large companies from countries with higher Democracy Scores. Do note that certain companies from authoritarian countries may be overweighted if they have a sufficiently large market capitalization. Rebalancing and reconstitution of the underlying index is done quarterly.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
ETF
Stocks49.02%
Finance12.96%
Health Technology5.83%
Electronic Technology4.75%
Consumer Non-Durables4.28%
Producer Manufacturing2.86%
Technology Services2.79%
Energy Minerals2.61%
Utilities1.89%
Consumer Durables1.70%
Non-Energy Minerals1.62%
Commercial Services1.46%
Process Industries1.28%
Industrial Services1.22%
Communications1.19%
Transportation1.06%
Retail Trade0.79%
Consumer Services0.46%
Distribution Services0.18%
Health Services0.10%
Bonds, Cash & Other50.98%
ETF50.46%
Cash0.27%
Miscellaneous0.23%
Rights & Warrants0.01%
Stock breakdown by region
North America59.19%
Europe40.48%
Oceania0.17%
Latin America0.09%
Africa0.04%
Middle East0.04%
Asia0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
DMCY top holdings are Vanguard FTSE Pacific ETF and Vanguard FTSE Emerging Markets ETF, occupying 20.36% and 8.43% of the portfolio correspondingly.
DMCY last dividends amounted to 0.27 USD. The year before, the issuer paid 0.10 USD in dividends, which shows a 64.39% increase.
DMCY assets under management is 11.13 M USD. It's risen 2.33% over the last month.
DMCY fund flows account for 1.72 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, DMCY pays dividends to its holders with the dividend yield of 2.39%. The last dividend (Jul 7, 2025) amounted to 0.27 USD. The dividends are paid annually.
DMCY shares are issued by Democracy Investment Management LLC under the brand Democracy. The ETF was launched on Mar 31, 2021, and its management style is Passive.
DMCY expense ratio is 0.50% meaning you'd have to pay 0.50% of your investment to help manage the fund.
DMCY follows the Democracy Investments International Index - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
DMCY invests in funds.
DMCY price has risen by 1.63% over the last month, and its yearly performance shows a 9.87% increase. See more dynamics on DMCY price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.78% over the last month, showed a 7.03% increase in three-month performance and has increased by 14.47% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.78% over the last month, showed a 7.03% increase in three-month performance and has increased by 14.47% in a year.
DMCY trades at a premium (0.17%) meaning the ETF is trading at a higher price than the calculated NAV.