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DEMZ ETF — Democratic Large Cap Core ETF
Democratic Large Cap Core ETF (DEMZ)
Updated October 16, 2026.
Verdict as of October 16, 2026
DEMZ's distribution is rated unproven by the Dividend Vision Distribution Safety Score™ (50/100, medium confidence). It pays annual and its distribution rate is 0.86%. The latest total cash payment per current share, $0.416 with an ex-date of December 30, 2025, was 116.7% higher than the previous $0.192. These payments are unclassified; this does not establish a base-dividend change.
Sources: Reflection Asset Management, Section 19a-1 notices, scoring methodology.
DEMZ is an ETF. its distribution rate is 0.86%, its trailing-12-month yield is 0.86%, its expense ratio is 0.45%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 148.1% over the past 5.9 years, 1.8 points ahead of SPY at 146.3%.
The Democratic Large Cap Core ETF is an equity fund that invests at least 80% of its assets in securities of large-capitalization companies, with the flexibility to concentrate holdings in particular economic sectors as market conditions warrant. The fund carries a modest current distribution rate and makes distributions annually, with an expense ratio of 0.45%. It appeals to investors seeking core large-cap equity exposure combined with regular income.
DEMZ dividend yield and income
Price as of 2026-10-16.
The distribution rate (0.86%) uses calculation basis unavailable. Trailing-12-month yield (0.86%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.416. The ex-dividend date is 12/30/2025. The payment date is 01/07/2026.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2025-12-30 | $0.416 | 116.7% Unclassified cash |
| 2024-12-30 | $0.192 | -27.5% Unclassified cash |
| 2023-12-28 | $0.265 | 13.7% Unclassified cash |
| 2022-12-28 | $0.233 | -68.1% Unclassified cash |
| 2021-12-29 | $0.731 | 1079.0% Unclassified cash |
| 2020-12-29 | $0.062 | — |
| 2020 total (partial launch year) | $0.062 | — |
| 2021 total | $0.731 | — |
| 2022 total | $0.233 | -68.1% |
| 2023 total | $0.265 | 13.7% |
| 2024 total | $0.192 | -27.5% |
| 2025 total | $0.416 | 116.7% |
DEMZ dividend growth
Trailing-12-month distributions versus the preceding 12 months changed +116.7%. The 1Y row below uses this same adjacent TTM cash-window comparison.
| Window | Change |
|---|---|
| 1Y | +116.7% |
| 3Y | 78.5% |
DEMZ holdings and sector exposure
Holdings are not available for this snapshot.
DEMZ performance versus SPY
Price and return data through 2026-10-16.
Total return is 148.1% over the past 5.9 years, 1.8 points ahead of SPY at 146.3%. Over the past year its total return — price change plus distributions reinvested — is 16.8%. Its deepest 1-year drawdown was 12.3%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 3.1% | — |
| 3M | 2.0% | — |
| 6M | 10.9% | — |
| YTD | 13.4% | — |
| 1Y | 16.8% | — |
| 2Y CAGR | — | 16.50% |
| 3Y CAGR | — | 22.50% |
| 5Y CAGR | — | 12.50% |
| Since inception (5.9 years) | 148.1% | 16.50% |
DEMZ key facts
- Distribution Safety Score™
- 50 · Unproven
- Issuer
- Reflection Asset Management
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 11/02/2020
- Expense ratio
- 0.45%
- Distribution rate
- 0.86%
- Distribution frequency
- Annual
- Trailing yield
- 0.86%
- Last close
- $48.39 (as of 2026-10-16)
- AUM
- $69,619,578
- Average volume
- 3357.0
- Dividend
- $0.416
- Ex-dividend date
- 12/30/2025
- Payment date
- 01/07/2026
- Beta
- 1.03
How Dividend Vision calculates yield and returns
Distribution rate (0.86%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.86%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Reflection Asset Management; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
DEMZ risks and drawbacks
DEMZ's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are annual, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 12.3%.
Who may consider DEMZ — and who may not
It is a weaker fit for investors who need monthly cash flow (DEMZ pays annual); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.
More on DEMZ
Frequently asked questions
Does DEMZ pay monthly?
No. DEMZ currently pays annual, not monthly.
What is DEMZ's expense ratio?
DEMZ's expense ratio is 0.45%.
What is DEMZ's dividend yield?
DEMZ's distribution rate is 0.86%, paid annual, with a 0.45% expense ratio — calculation basis unavailable.
How has DEMZ's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed +116.7%. That is the same adjacent TTM cash-window comparison used in the dividend-history table.
When does DEMZ pay a dividend?
DEMZ pays annual. The dividend amount is $0.416. The ex-dividend date is 12/30/2025. The payment date is 01/07/2026.
How has DEMZ performed?
Total return is 148.1% over the past 5.9 years, 1.8 points ahead of SPY at 146.3%. Over the past year its total return — price change plus distributions reinvested — is 16.8%. Its deepest 1-year drawdown was 12.3%.
Is DEMZ a good investment?
DEMZ's Dividend Vision Distribution Safety Score is 50 (Unproven). That is a risk signal, not investment advice. Its distribution rate is 0.86% (calculation basis unavailable). Compare peers below rather than treating any single figure as a buy or sell.
More securities from Reflection Asset Management.
Tickers
Holdings as-of date unavailable.
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