DMCY Performance — Democracy International Fund
Data updated: 2026-03-13
DMCY returned +29.95% over one year to Dec 2025. Annualised returns are +16.06% over 3 years and +7.33% over 5 years. Against its International Large Blend category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $156, against $157 for the category, and to $130 over one year, against $128. Volatility over the past three years was 11.86% a year. In the 12 months to Dec 2025 the fund lost a net $202K, and assets reached $10.87M.
DMCY Growth of $100
What $100 invested in Democracy International Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the International Large Blend category average over the same months.
| Period | DMCY | Category average |
|---|---|---|
| 1 year (Jan 2025 – Dec 2025) | $130 | $128 |
| 3 years (Jan 2023 – Dec 2025) | $156 | $157 |
| 5 years (Jan 2021 – Dec 2025) | $142 | $144 |
DMCY Trailing Returns
Total returns to Dec 2025, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +29.95% |
| 3 years (annualised) | +16.06% |
| 5 years (annualised) | +7.33% |
DMCY Annual Returns
Calendar-year total returns of Democracy International Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2025 | +29.95% |
| 2024 | +2.70% |
| 2023 | +17.13% |
| 2022 | −14.44% |
| 2021 | +6.49% |
DMCY Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | −0.6% | +1.3% | +4.1% | +3.3% | +4.3% | +3.3% | +2.7% | +4.1% | −1.1% | +2.9% | +0.6% | +1.8% |
| 2024 | +3.2% | +2.4% | −1.0% | −0.8% | +3.6% | −2.7% | +1.3% | +2.8% | +2.5% | −3.1% | −0.1% | −4.9% |
| 2023 | +2.4% | −3.4% | +8.2% | +4.9% | −3.6% | +2.2% | −3.3% | −4.3% | +3.2% | +5.5% | +8.9% | −3.5% |
| 2022 | +0.2% | −1.6% | −3.0% | −9.2% | +1.3% | −6.4% | −9.1% | −4.0% | +4.3% | −1.9% | +11.5% | +4.5% |
| 2021 | 0.0% | 0.0% | 0.0% | −0.8% | +3.3% | +3.1% | −3.4% | +1.4% | −0.1% | +4.8% | −4.5% | +2.9% |
DMCY Risk
Risk measures from monthly returns over Jan 2023 – Dec 2025.
- 3-year volatility (annualised): 11.86%
- 3-year Sharpe ratio: 0.97 (vs 4.5% risk-free rate)
- Best month: +8.87% (Nov 2023)
- Worst month: −4.94% (Dec 2024)
DMCY Fund Flows
Monthly money in and out of Democracy International Fund, from SEC Form N-PORT.
- 12-month net flow: −$202K
- 12-month gross sales (incl. reinvestments): $4.7M
- Sales ÷ redemptions: 0.96×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Dec 2025 | $0 | $898K | −$898K |
| Nov 2025 | $906K | $0 | $906K |
| Oct 2025 | $0 | $0 | $0 |
| Sep 2025 | $0 | $0 | $0 |
| Aug 2025 | $0 | $0 | $0 |
| Jul 2025 | $0 | $597K | −$597K |
| Jun 2025 | $0 | $0 | $0 |
| May 2025 | $3.8M | $0 | $3.8M |
| Apr 2025 | $0 | $3.4M | −$3.4M |
| Mar 2025 | $0 | $0 | $0 |
| Feb 2025 | $0 | $0 | $0 |
| Jan 2025 | $0 | $0 | $0 |
DMCY Assets Under Management
Net assets of Democracy International Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-12-31 | $10.87M |
| 2025-09-30 | $10.48M |
| 2025-06-30 | $10.50M |
| 2025-03-31 | $9.01M |
| 2024-12-31 | $8.63M |
| 2024-09-30 | $8.68M |
| 2024-06-30 | $7.65M |
| 2024-03-31 | $7.72M |
| 2023-12-31 | $7.40M |
| 2023-09-30 | $6.76M |
| 2023-06-30 | $11.85M |
| 2023-03-31 | $11.57M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.