DMCY vs. CIZ ETF Comparison

Comparison of Democracy International Fund (DMCY) to VictoryShares Developed Enhanced Volatility Wtd ETF (CIZ)

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

$25.52

Average Daily Volume

1,040

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CIZ

VictoryShares Developed Enhanced Volatility Wtd ETF

CIZ Description

The investment seeks to track the performance of the Nasdaq Victory International 500 Long/Cash Volatility Weighted Index before fees and expenses. The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets directly or indirectly in the securities included in the Nasdaq Victory International 500 Long/Cash Volatility Weighted Index, an unmanaged, volatility weighted index maintained exclusively by the index provider. The index identifies the 500 largest foreign companies by market capitalization measured at the time the index's constituent securities are determined.

Grade (RS Rating)

Last Trade

$30.62

Average Daily Volume

3,330

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DMCY	CIZ
30 Days	-0.45%	-0.57%
60 Days	0.81%	0.93%
90 Days	-0.75%	-1.09%
12 Months	10.27%	2.33%

10 Overlapping Holdings

Symbol	Grade	Weight in DMCY	Weight in CIZ	Overlap
ABBV	B	0.6%	0.28%	0.28%
BCS	C	0.23%	0.2%	0.2%
CNI	D	0.42%	0.26%	0.26%
DEO	F	0.36%	0.18%	0.18%
E	D	0.23%	0.25%	0.23%
LYG	B	0.28%	0.24%	0.24%
NVS	A	1.0%	0.28%	0.28%
TD	F	0.5%	0.24%	0.24%
UL	B	0.62%	0.36%	0.36%
WCN	A	0.29%	0.26%	0.26%

DMCY Overweight 11 Positions Relative to CIZ

Symbol	Grade	Weight
EWT	B	3.59%
EWJ	C	2.13%
EIS	B	0.72%
NXPI	B	0.41%
SHOP	C	0.35%
EWW	D	0.34%
STLA	F	0.28%
FLUT	F	0.21%
ICLR	C	0.16%
VALE	F	0.13%
BNTX	F	0.04%

DMCY Underweight 13 Positions Relative to CIZ

Symbol	Grade	Weight
GOLD	C	-0.19%
SMFG	A	-0.19%
KB	B	-0.17%
SHG	B	-0.17%
MFG	A	-0.17%
RBA	B	-0.16%
NMR	C	-0.16%
SONY	C	-0.15%
MUFG	C	-0.15%
LOGI	B	-0.15%
OTEX	D	-0.14%
HMC	D	-0.14%
TM	D	-0.12%