DEMZ ETF — Democratic Large Cap Core ETF

Democratic Large Cap Core ETF (DEMZ)

Updated October 9, 2026.

DEMZ is an ETF. its distribution rate is 0.84%, its trailing-12-month yield is 0.84%, its expense ratio is 0.45%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 153.0% over the past 5.9 years, 1.8 points ahead of SPY at 151.2%.

At the current 0.84% distribution rate, a $10,000 investment would generate approximately $84 per year if the next payment matches the last regular one.

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 performance versus SPY

Price and return data through 2026-10-09.

Total return is 153.0% over the past 5.9 years, 1.8 points ahead of SPY at 151.2%. Over the past year its total return — price change plus distributions reinvested — is 17.4%. Its deepest 1-year drawdown was 12.3%.

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

0.84%

Distribution frequency

Annual

Trailing yield

0.84%

Last close

$49.34 (as of 2026-10-09)

AUM

$69,619,578

Average volume

388.0

Dividend

$0.416

Ex-dividend date

12/30/2025

Payment date

01/07/2026 (as of 2026-01-07)

Beta

1.03

How Dividend Vision calculates yield and returns

Distribution rate (0.84%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (0.84%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. 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.

Frequently asked questions

More securities from Reflection Asset Management.