DMCY vs. IDLV ETF Comparison

Comparison of Democracy International Fund (DMCY) to PowerShares S&P International Developed Low Volatility Portfolio (IDLV)

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

$27.37

Average Daily Volume

1,319

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IDLV

PowerShares S&P International Developed Low Volatility Portfolio

IDLV Description

The PowerShares S&P International Developed Low Volatility Portfolio (Fund) is based on the S&P BMI International Developed Low Volatility Index ND (Index). The Fund will invest at least 90% of its total assets in the securities of companies that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poorâs and consists of the 200 least volatile stocks of the S&P Developed ex. US and South Korea LargeMid Cap BMI Index over the past 12 months. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations over time. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$30.57

Average Daily Volume

31,767

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DMCY	IDLV
30 Days	1.77%	2.57%
60 Days	6.52%	8.76%
90 Days	7.23%	12.83%
12 Months	22.71%	20.66%

6 Overlapping Holdings

Symbol	Grade	Weight in DMCY	Weight in IDLV	Overlap
CNI	D	0.41%	0.45%	0.41%
E	D	0.24%	0.45%	0.24%
NVS	C	1.05%	0.5%	0.5%
TD	C	0.57%	0.53%	0.53%
UL	B	0.68%	0.59%	0.59%
WCN	D	0.29%	0.5%	0.29%

DMCY Overweight 15 Positions Relative to IDLV

Symbol	Grade	Weight
EWT	B	3.36%
EWJ	B	2.19%
EIS	B	0.74%
ABBV	B	0.57%
SHOP	C	0.41%
DEO	C	0.36%
NXPI	D	0.35%
EWW	F	0.31%
LYG	B	0.3%
BCS	B	0.25%
FLUT	C	0.24%
STLA	F	0.21%
ICLR	F	0.15%
VALE	C	0.12%
BNTX	C	0.05%

DMCY Underweight 2 Positions Relative to IDLV

	Symbol	Grade	Weight
	CHKP	B	-0.5%
	CCEP	C	-0.47%