# Democratic Large Cap Core ETF (DEMZ): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/demz for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: RAM · Asset class: Equity - Strategy: Passive Index · Inception: 2020-11-02 The Advisors' Inner Circle Fund III - Democratic Large Cap Core ETF is an exchange traded fund launched by The Advisors Inner Circle Fund III. The fund is co-managed by Exchange Traded Concepts, LLC and Reflection Asset Management, LLC. The fund invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of large-cap companies. It seeks to benchmark the performance of its portfolio against the Democratic Large Cap Core Index and S&P 500 Index. The Advisors' Inner Circle Fund... ## Key Facts | Metric | Value | |---|---| | Price | $48.09 | | Expense Ratio | 0.45% | | Assets Under Management | $68.2M | | NAV | $47.83 | | Holdings Count | 42 | | Distribution Yield (TTM) | 0.87% | | Annual Distribution (TTM) | $0.42 /share | | Distribution Frequency | Annual | | 52-Week Range | $39.04 – $49.67 | | Beta | 1.03 | ## Latest Distribution - Amount: $0.4162 /share - Ex-date: 2025-12-30 - Pay date: 2026-01-07 ## Frequently Asked Questions ### What does DEMZ invest in? The Advisors' Inner Circle Fund III - Democratic Large Cap Core ETF is an exchange traded fund launched by The Advisors Inner Circle Fund III. The fund is co-managed by Exchange Traded Concepts, LLC and Reflection Asset Management, LLC. The fund invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of large-cap companies. It seeks to benchmark the performance of its portfolio against the Democratic Large Cap Core Index and S&P 500 Index. The Advisors' Inner Circle Fund III - Democratic Large Cap Core ETF was formed on November 2, 2020 and is domiciled in the United States. ### What is the expense ratio of DEMZ? Democratic Large Cap Core ETF (DEMZ) charges an expense ratio of 0.45%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is DEMZ? Democratic Large Cap Core ETF (DEMZ) manages $68.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is DEMZ actively managed or an index fund? DEMZ is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (DEMZ's is 0.45%) because there's no security selection cost. ### When was DEMZ launched? Democratic Large Cap Core ETF (DEMZ) launched in November 2020 and is managed by RAM. ### How has DEMZ performed? DEMZ's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does DEMZ pay a dividend? Democratic Large Cap Core ETF (DEMZ) currently distributes little or no income. Trailing-twelve-month yield is 0.87%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does DEMZ pay dividends? Democratic Large Cap Core ETF pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is DEMZ's dividend yield? DEMZ's trailing-twelve-month yield is 0.87%, calculated from the sum of dividends over the past year divided by the current price. ### When is DEMZ's next ex-dividend date? The most recently announced ex-dividend date for DEMZ was 2025-12-30. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will DEMZ's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.45% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does DEMZ charge its expense ratio? The expense ratio is deducted in tiny daily slices from DEMZ's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does DEMZ cost more than a fund like VOO? DEMZ is a passive index fund (current expense ratio 0.45%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to DEMZ? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as DEMZ (0.45%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/demz - Distribution history: https://www.dividenddata.com/funds/demz/dividend - Holdings & diversification: https://www.dividenddata.com/funds/demz/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/demz/expenses - Peer comparison: https://www.dividenddata.com/funds/demz/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.