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Trending ETFs

Democratic Large Cap Core ETF

ETF
DEMZ
Payout Change
Pending
Price as of:
$33.19 +0.35 +1.07%
primary theme
N/A
DEMZ (ETF)

Democratic Large Cap Core ETF

Payout Change
Pending
Price as of:
$33.19 +0.35 +1.07%
primary theme
N/A
DEMZ (ETF)

Democratic Large Cap Core ETF

Payout Change
Pending
Price as of:
$33.19 +0.35 +1.07%
primary theme
N/A

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$33.19

$32.3 M

0.80%

$0.27

0.45%

Vitals

YTD Return

12.9%

1 yr return

36.0%

3 Yr Avg Return

12.8%

5 Yr Avg Return

N/A

Net Assets

$32.3 M

Holdings in Top 10

35.8%

52 WEEK LOW AND HIGH

$32.8
$24.71
$33.22

Expenses

OPERATING FEES

Expense Ratio 0.45%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$33.19

$32.3 M

0.80%

$0.27

0.45%

DEMZ - Profile

Distributions

  • YTD Total Return 12.9%
  • 3 Yr Annualized Total Return 12.8%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Democratic Large Cap Core ETF
  • Fund Family Name
    N/A
  • Inception Date
    Nov 02, 2020
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jason Britton

Fund Description

The Fund uses a “passive management” (or indexing) approach in seeking to achieve its investment objective. The Index was developed by Reflection Asset Management, LLC, the Fund’s investment adviser and index provider (the “Adviser”). The Index is a subset of the S&P 500® Index (the “S&P 500”) designed to provide exposure to large capitalization companies that make political contributions to Democratic Party candidates and political action committees above a certain threshold. Under normal circumstances, the Fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in securities of companies included in the Index. This policy may be changed upon 60 days’ prior written notice to shareholders. The Adviser considers a large capitalization company to be any company included in the S&P 500. Because the Index is a subset of the S&P 500, the Adviser considers any company included in the Index at the time of purchase to be a large capitalization company.

The Index construction process begins with a universe of companies that 1) are current members of the S&P 500; and 2) direct at least 75% of their total corporate political contributions during an election cycle to Democratic Party candidates (as determined by the candidates’ declared party allegiance and registration) and political action committees registered with the Democratic Party. A company’s political contributions include the contributions of the company’s senior management disclosed in the company’s federal regulatory filings. This universe is licensed by the Adviser from Blue ETFs, Inc. (“Blue”), which obtains the universe of companies through a review of contribution data obtained from the Federal Election Commission (the “FEC”).

The Index methodology then applies a financial model to the universe of companies to determine the weight of each company in the Index. The financial model determines a profile for each company based on its underlying characteristics (for example, economic sector, earnings and correlation to other constituents, among other characteristics) measured over a trailing 18-month time horizon. The financial model also applies two rules to the universe:

1)

No position can be added to the Index at higher than a 5% allocation; and

2)

No sector (as defined by the Global Industry Classification Standard (“GICS”), a widely recognized industry classification methodology developed by MSCI, Inc. and S&P Dow Jones Indices LLC (“SPDJI”)), may deviate from the S&P 500 weighting by more than +/- 5% at the beginning of each quarter.

Together, these rules are designed to limit Index exposure to any particular security and any particular sector and to help the Index more closely track the S&P 500. Within these rules, the model then analyzes various combinations of company weights, based on the companies’ profiles, and determines a combination designed to minimize the difference in the performance between the Index and the S&P 500. The application of the financial model is rules-based, and thus the Adviser, as index provider, does not exercise discretion in selecting, weighting, and maintaining the Index components that result from such application.

Blue provides to the Adviser an updated universe of companies that satisfy the political contributions screen on a quarterly basis in connection with the quarterly rebalancing of the S&P 500. The Adviser, as index provider, rebalances the Index in accordance with the Index methodology so that the Index is rebalanced on the same quarterly schedule as the S&P 500. Positions that are removed from the S&P 500 for any reason between quarterly rebalances are removed from the Index at such time. New positions added to the S&P 500 can only be added to the Index at a quarterly rebalance. If the political contributions of a company included in the Index fall below the 75% threshold discussed above, such company will be removed from the Index at the next rebalancing. The Adviser, as index provider, expects that the Index typically will include 40-60 companies.

The FEC has jurisdiction over the financing of campaigns for the U.S. House of Representatives, Senate, Presidency and Vice Presidency. The Index does not take into account political contributions that are not reported to the FEC (“Excluded Contributions”), such as contributions to state and local elections and organizations that qualify for tax exemption under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Code”).

The Fund will generally invest all, or substantially all, of its assets in the component securities that make up the Index. The Fund will use a replication methodology, meaning it will invest in all of the securities composing the Index in proportion to their respective weightings in the Index.

In replicating the Index, the Fund may from time to time invest a significant portion of its assets in the securities of companies in one or more economic

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DEMZ - Performance

Return Ranking - Trailing

Period DEMZ Return Category Return Low Category Return High Rank in Category (%)
YTD 12.9% -51.8% 22.1% 96.71%
1 Yr 36.0% -58.9% 46.9% 15.04%
3 Yr 12.8%* -25.7% 197.6% N/A
5 Yr N/A* -29.1% 93.8% N/A
10 Yr N/A* -17.2% 37.0% N/A

* Annualized

Return Ranking - Calendar

Period DEMZ Return Category Return Low Category Return High Rank in Category (%)
2023 23.3% -69.4% 53.7% 0.22%
2022 -19.8% -94.0% 152.6% N/A
2021 29.5% -13.9% 183.6% N/A
2020 N/A -18.2% 8.9% N/A
2019 N/A -80.2% 35.2% N/A

Total Return Ranking - Trailing

Period DEMZ Return Category Return Low Category Return High Rank in Category (%)
YTD 12.9% -97.2% 22.1% 98.35%
1 Yr 36.0% -58.9% 67.6% 16.56%
3 Yr 12.8%* -25.7% 197.6% N/A
5 Yr N/A* -28.1% 93.8% N/A
10 Yr N/A* -11.8% 37.0% N/A

* Annualized

Total Return Ranking - Calendar

Period DEMZ Return Category Return Low Category Return High Rank in Category (%)
2023 24.4% -69.4% 53.7% 0.22%
2022 -19.0% -94.0% 152.6% N/A
2021 32.6% -13.9% 183.6% N/A
2020 N/A -12.8% 8.9% N/A
2019 N/A -60.0% 35.2% N/A

DEMZ - Holdings

Concentration Analysis

DEMZ Category Low Category High DEMZ % Rank
Net Assets 32.3 M 177 K 1.21 T 93.34%
Number of Holdings 53 2 4154 78.70%
Net Assets in Top 10 9.99 M 1.74 K 270 B 90.11%
Weighting of Top 10 35.80% 1.8% 100.0% 14.19%

Top 10 Holdings

  1. MICROSOFT CORP COMMON STOCK 4.86%
  2. APPLE INC COMMON STOCK 4.75%
  3. LOEWS CORP COMMON STOCK 4.36%
  4. COSTCO WHOLESALE CORP COMMON STOCK 4.14%
  5. NVIDIA CORP COMMON STOCK 4.08%
  6. AMPHENOL CORP-CL A COMMON STOCK 3.08%
  7. INTL BUSINESS MACHINES CORP COMMON STOCK 2.94%
  8. META PLATFORMS INC COMMON STOCK 2.60%
  9. DANAHER CORP COMMON STOCK 2.53%
  10. COLGATE-PALMOLIVE CO COMMON STOCK 2.46%

Asset Allocation

Weighting Return Low Return High DEMZ % Rank
Stocks
99.72% 0.00% 130.24% 33.75%
Cash
0.28% -102.29% 100.00% 64.04%
Preferred Stocks
0.00% 0.00% 2.23% 12.03%
Other
0.00% -13.91% 134.98% 12.79%
Convertible Bonds
0.00% 0.00% 5.54% 7.19%
Bonds
0.00% -0.04% 95.81% 8.51%

Stock Sector Breakdown

Weighting Return Low Return High DEMZ % Rank
Utilities
0.00% 0.00% 25.44% 85.15%
Technology
0.00% 0.00% 48.94% 4.41%
Real Estate
0.00% 0.00% 37.52% 8.96%
Industrials
0.00% 0.00% 29.90% 48.39%
Healthcare
0.00% 0.00% 60.70% 93.00%
Financial Services
0.00% 0.00% 55.59% 15.90%
Energy
0.00% 0.00% 41.64% 85.36%
Communication Services
0.00% 0.00% 27.94% 81.72%
Consumer Defense
0.00% 0.00% 49.14% 7.63%
Consumer Cyclical
0.00% 0.00% 50.47% 87.39%
Basic Materials
0.00% 0.00% 26.10% 41.25%

Stock Geographic Breakdown

Weighting Return Low Return High DEMZ % Rank
US
99.72% 0.00% 127.77% 33.20%
Non US
0.00% 0.00% 33.51% 53.39%

DEMZ - Expenses

Operational Fees

DEMZ Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.45% 0.01% 2.95% 72.63%
Management Fee 0.45% 0.00% 2.00% 39.85%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

DEMZ Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

DEMZ Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

DEMZ Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 496.00% 80.79%

DEMZ - Distributions

Dividend Yield Analysis

DEMZ Category Low Category High DEMZ % Rank
Dividend Yield 0.80% 0.00% 19.15% 52.67%

Dividend Distribution Analysis

DEMZ Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Quarterly Annually

Net Income Ratio Analysis

DEMZ Category Low Category High DEMZ % Rank
Net Income Ratio N/A -54.00% 6.06% 33.83%

Capital Gain Distribution Analysis

DEMZ Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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DEMZ - Fund Manager Analysis

Managers

Jason Britton


Start Date

Tenure

Tenure Rank

Nov 02, 2020

1.58

1.6%

Jason T. Britton, Chief Executive Officer of Reflection Asset Management, LLC, also serves as the portfolio manager. Mr. Britton has served as the CEO and head portfolio manager of Reflection Asset Management since its inception in 2019. Prior to his role at Reflection Asset Management, Mr. Britton served as Managing Director and Head Portfolio Manager for thematic/ESG equities for U.S. Trust, a division of Bank of America. Additionally, Mr. Britton is a Professor of Impact Investing in the business school of the College of Charleston.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.17 2.42