DMCY vs. DWCR ETF Comparison

Comparison of Democracy International Fund (DMCY) to Arrow DWA Country Rotation ETF (DWCR)

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

$25.55

Average Daily Volume

982

Number of Holdings ^*

21

* may have additional holdings in another (foreign) market

DWCR

Arrow DWA Country Rotation ETF

DWCR Description

The investment seeks investment results that generally correspond, before fees and expenses, to the price and yield performance of the Dow Jones Global Composite Yield Index (the "underlying index"). The fund uses a "passive" or "indexing" investment approach to seek to track the price and yield performance of the underlying index. It invests at least 80% of its total assets in the component securities of the underlying index (or depositary receipts representing those securities). The underlying index seeks to identify the 150 highest yielding investable securities in the world within three "asset classes."

Grade (RS Rating)

Last Trade

$30.03

Average Daily Volume

228

Number of Holdings ^*

3

* may have additional holdings in another (foreign) market

Performance

Period	DMCY	DWCR
30 Days	-1.31%	-5.68%
60 Days	2.61%	-0.03%
90 Days	0.18%	-0.02%
12 Months	6.50%	7.50%

2 Overlapping Holdings

	Symbol	Grade	Weight in DMCY	Weight in DWCR	Overlap
	EWT	A	3.32%	10.38%	3.32%
	EWW	D	0.35%	8.64%	0.35%

DMCY Overweight 19 Positions Relative to DWCR

	Symbol	Grade	Weight
	EWJ	C	2.19%
	NVS	A	0.99%
	EIS	B	0.72%
	UL	A	0.61%
	ABBV	B	0.58%
	TD	F	0.51%
	CNI	D	0.45%
	NXPI	B	0.41%
	DEO	F	0.38%
	SHOP	C	0.33%
	STLA	F	0.3%
	WCN	B	0.28%
	LYG	B	0.28%
	BCS	C	0.24%
	E	D	0.23%
	FLUT	D	0.21%
	ICLR	B	0.16%
	VALE	F	0.13%
	BNTX	D	0.04%

DMCY Underweight 1 Positions Relative to DWCR

	Symbol	Grade	Weight
	EWI	C	-10.08%

DMCY: Top Represented Industries & Keywords

Industries: Banks - Global Drug Manufacturers - Major Auto Manufacturers Banks - Regional - Europe Beverages - Wineries & Distilleries Biotechnology Diagnostics & Research Gambling Household & Personal Products Industrial Metals & Minerals Oil & Gas Integrated Railroads Semiconductors Software - Application Waste Management

Keywords: ETF Exchange Traded Fund Banking Biotechnology Gas Exploration Insurance Products Natural Gas Exploration Bank Banking Solutions Biomarkers Chemical Commercial Banking Exchange Traded Funds Eye Care Products Fax Ferrous Financial Products General Insurance Infectious Diseases Investment Banking

DWCR: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Exchange Traded Funds MSCI EAFE Index Fund Msci Taiwan Index