DWCR vs. DMCY ETF Comparison

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

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

$29.70

Average Daily Volume

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$26.06

Average Daily Volume

1,279

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DWCR	DMCY
30 Days	-4.34%	-3.38%
60 Days	-4.17%	-1.16%
90 Days	-1.94%	5.60%
12 Months	18.30%	15.93%

1 Overlapping Holdings

	Symbol	Grade	Weight in DWCR	Weight in DMCY	Overlap
	EWT	B	10.57%	3.86%	3.86%

DWCR Overweight 3 Positions Relative to DMCY

Symbol	Grade	Weight
EWI	D	10.33%
EDEN	F	9.95%
EWD	D	9.84%

DWCR Underweight 21 Positions Relative to DMCY

Symbol	Grade	Weight
EWJ	D	-3.22%
NVS	D	-1.01%
HSBH	A	-0.79%
EIS	A	-0.77%
UL	D	-0.68%
ABBV	A	-0.54%
TD	F	-0.49%
SHOP	B	-0.45%
NXPI	D	-0.42%
CNI	F	-0.36%
DEO	F	-0.34%
WCN	D	-0.28%
EWW	F	-0.28%
LYG	D	-0.26%
BCS	A	-0.25%
FLUT	B	-0.24%
E	D	-0.22%
STLA	F	-0.2%
ICLR	F	-0.11%
VALE	D	-0.11%
BNTX	C	-0.05%

DWCR: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Exchange Traded Funds MSCI EAFE Bond Market Index Fund Msci Sweden Usd Index Msci Taiwan Index