CEFA vs DMXF: Grades, Fees and Holdings Compared

Global X S&P Catholic Values Developed ex-U.S. ETF

CEFACNasdaq

iShares ESG Advanced MSCI EAFE ETF

DMXFANasdaq

Overlap

42.4%by weight

Expense ratio

DMXF −0.23pt a year

CEFA0.35%DMXF0.12%

Avg volume · 30D

DMXF 6.1×the volume

CEFA12.4KDMXF75.7K

5Y return · a year

CEFA +0.2pt

CEFA+6.8%DMXF+6.6%

CEFA vs DMXF Performance

Nov 9, 2021 – Nov 9, 2026

+38.9%CEFA+37.6%DMXF

Expense ratio: CEFA 0.35%; DMXF 0.12%, better
Fund size: CEFA $70M; DMXF $1.01B
1Y total return: CEFA +13.0%; DMXF +16.5%, better
Yield (12M): CEFA 2.70%; DMXF 4.19%, better
Holdings: CEFA 331; DMXF 408
Avg volume (30D): CEFA 12.4K sh; DMXF 75.7K sh, better
NAV per share: CEFA $38.84; DMXF $81.78
52W range

ETF.net Grade

Pillar letters and Scores for CEFA, DMXF, with each pillar’s weight
Pillar	CEFA	DMXF
Cost30% weight	D35	A88Higher
Mission25% weight	A100	A100
Risk15% weight	D33	D33
Tradability15% weight	C40	A76Higher
Holdings10% weight	C44	C46Higher
Durability5% weight	C43	A77Higher

Rank among International ESG & Values Index funds

How we build Categories ›

Same Category. CEFA and DMXF are both graded against the same 18 International ESG & Values Index funds, so their Grades compare head to head.

International ESG & Values Index⁠

Category · 18 funds

See all 18 ›

DMXF ranks 3rd and CEFA 14th of 18 funds in the International ESG & Values Index Category.

Rank 1AVSGXVanguard ESG International Stock ETFScore 79
Rank 2AESGDiShares ESG Aware MSCI EAFE ETFScore 78
Rank 3ADMXFiShares ESG Advanced MSCI EAFE ETFScore 76
Rank 4AFEDMNorthern Trust ESG & Climate Developed Markets ex-US Core ETFScore 73
Rank 13BESGGNorthern Trust STOXX Global ESG Select ETFScore 55
Rank 14CCEFAGlobal X S&P Catholic Values Developed ex-U.S. ETFScore 53
Rank 15CWWJDInspire International ETFScore 47

Our read on each fund

ETF.net Research

CEFACGlobal X S&P Catholic Values Developed ex-U.S. ETF

DMXFAiShares ESG Advanced MSCI EAFE ETF

In short

CEFA Developed-market stocks outside the U.S., run through a Catholic values screen. Roughly 400 names, index-tracked, at a fee that sits square in the middle of the international pack.

DMXF The strict one. Where iShares' ESG Aware EAFE fund screens five controversial businesses, DMXF screens fourteen, including the whole energy sector, and charges less than its lighter-screened sibling to do it.

Stated mandate

CEFA The Fund seeks to track, before fees and expenses, the price and yield performance of the S&P Developed ex-U.S. Catholic Values Index.

DMXF The fund seeks to track an index of developed-market equities outside the United States and Canada, while incorporating positive environmental, social, and governance characteristics.

Why people hold it

CEFA The screen is the product: a passive index of developed-market companies outside the U.S., built around Catholic values criteria rather than a factor tilt.
Roughly 400 holdings, so the values filter trims the developed ex-U.S. universe instead of shrinking it to a concentrated handful.
0.35% expense ratio, the median for its international peer group. The screen is not priced as a premium product.
Rules-based and index-tracking since its 2020 launch: the portfolio follows the S&P Developed ex-U.S. Catholic Values Index, not a manager's discretion.

DMXF 0.12% a year, roughly half the typical fee among international ESG funds, and cheaper than the softer-screened iShares sibling ESGD at 0.20%.ishares.com
Fourteen business-involvement screens: fossil fuels, nuclear power and weapons, GMOs, palm oil, for-profit prisons, predatory lending, gambling, tobacco and more.ishares.com
The fossil fuel screen is categorical, not cosmetic: the index drops the entire GICS energy sector plus companies with industry ties such as thermal coal.blackrock.com
Sticks tightly to its MSCI EAFE Choice ESG Screened index, one of the stronger implementations among international ESG funds.

Worth knowing

CEFA Unscreened international beta costs less: VXUS charges 0.05% and IPAC 0.09%. The values filter is what the extra basis points buy.
Thinly traded, so bid-ask spreads can run wider than in the giant international index funds, especially around the open and close.
Distributions arrive once or twice a year, not monthly, so cash flow is lumpy by design.

DMXF Deep exclusions mean real drift from plain EAFE. Sibling ESGD is built to keep risk and return close to the parent index; DMXF is not.ishares.com ishares.com 2
About 400 stocks, a narrower slate than the unscreened parent index, so individual names and surviving sectors carry more weight.
Mid-sized and moderately traded rather than a category heavyweight, and distributions arrive once or twice a year rather than quarterly.

Full CEFA profile⁠

Full DMXF profile⁠

CEFA vs DMXF Holdings

How CEFA and DMXF differ

Overlap by weight

42.4%

Shared holdings make up 63.3% of DMXF and 50.1% of CEFA.

Level by level

Holdings151 in both42.4%
Countryby domicile83.4%
Sector11 Sectors83.9%
Asset classStocks100%

Sector

Sector weights in CEFA and DMXF, widest gap first
Sector	Gap	CEFA	DMXF
Financials	DMXF +7.3 points	26.9%	34.2%
Technology	DMXF +5.3 points	11.7%	17.0%
Energy	CEFA +5.0 points	5.0%	0.0%
Consumer Staples	CEFA +3.6 points	6.2%	2.6%
Consumer Discretionary	CEFA +2.8 points	7.9%	5.1%
Utilities	CEFA +2.5 points	3.2%	0.7%
Industrials	CEFA +2.2 points	17.0%	14.8%
Real Estate	DMXF +1.9 points	1.0%	2.9%
Communication	DMXF +1.3 points	4.6%	5.9%
Health Care	DMXF +0.2 points	11.4%	11.6%
Materials	DMXF +0.1 points	5.1%	5.2%

Country, concentration and asset class

Country by domicile

Country weights in CEFA and DMXF, widest gap first
Country	Gap	CEFA	DMXF
Switzerland	DMXF +5.6 points	5.4%	11.0%
Netherlands	DMXF +5.0 points	4.8%	9.8%
United Kingdom	CEFA +3.9 points	10.0%	6.1%
United States	CEFA +2.6 points	2.6%	0.0%
Australia	CEFA +2.4 points	9.1%	6.7%
Japan	DMXF +2.3 points	27.8%	30.1%
France	CEFA +1.6 points	9.4%	7.8%
Spain	CEFA +1.5 points	3.3%	1.8%
Other countries (16)	CEFA +1.1 points	27.7%	26.6%

Outside the US: CEFA 98% developed, 2% emerging. DMXF 99% developed, 1% emerging.

Concentration

Weight in the 10 largest Holdings

CEFA17.6%
DMXF21.5%

Securities held

CEFA327
DMXF393

Asset class

CEFA: Stocks
DMXF: Stocks

Holdings

Only in CEFA176
In both151
Only in DMXF242

Only in CEFA

176 securities, 49.8% of CEFA by weight

Siemens Ag-Reg1.68%
Hsbc Holdings PLC1.67%
Shell PLC1.62%
Toyota Motor Corp1.55%
Unilever PLC1.36%
Bhp Group Ltd1.15%
L'oreal1.11%
Totalenergies SE1.02%
Banco Santander SA1.00%
Iberdrola SA0.86%
Ubs Group Ag-Reg0.82%
Banco Bilbao Vizcaya Argenta0.79%
Itochu Corp0.79%
Siemens Energy AG0.78%
Anheuser-Busch Inbev Sa/Nv0.77%
Unicredit Spa0.72%
Lvmh Moet Hennessy Louis Vui0.72%
Cie Financiere Richemo-A Reg0.69%
Mitsui & Co Ltd0.67%
Bp PLC0.66%
Fast Retailing Co Ltd0.65%
Dbs Group Holdings Ltd0.62%
Intesa Sanpaolo0.59%
Bnp Paribas0.56%
Diageo PLC0.54%
Deutsche Telekom Ag-Reg0.51%
Rio Tinto PLC0.51%
Vinci SA0.49%
National Grid PLC0.48%
National Australia Bank Ltd0.48%
Dhl AG0.47%
Oversea-Chinese Banking Corp0.47%
Anz Group Holdings Ltd0.46%
Enel Spa0.46%
Industria De Diseno Textil0.46%
Danone0.46%
Muenchener Rueckver Ag-Reg0.45%
Mitsubishi Electric Corp0.45%
Investor Ab-B Shs0.44%
Barclays PLC0.42%
Lloyds Banking Group PLC0.41%
Volvo Ab-B Shs0.40%
Wesfarmers Ltd0.40%
Marubeni Corp0.39%
Sumitomo Corp0.38%
Atlas Copco Ab-A Shs0.38%
Deutsche Bank Ag-Registered0.37%
Glencore PLC0.35%
Kioxia Holdings Corp0.35%
Natwest Group PLC0.35%

Only in DMXF

242 securities, 36.1% of DMXF by weight

Novartis AG2.85%
Dbs Group Holdings Ltd1.08%
Investor Class B0.72%
Oversea-Chinese Banking0.68%
Lonza Group AG0.55%
Nordea Bank0.54%
Ferrari0.49%
Givaudan SA0.44%
Sandoz Group AG0.41%
Haleon PLC0.38%
Assa Abloy B0.37%
Legrand SA0.36%
Alcon AG0.35%
United Overseas Bank0.33%
Sika AG0.33%
Swiss Life Holding AG0.31%
3I Group Fund PLC0.31%
Adidas N AG0.30%
Prudential PLC0.30%
Skandinaviska Enskilda Banken0.30%
Genmab0.30%
Daiichi Sankyo Ltd0.28%
Aviva PLC0.28%
Chugai Pharmaceutical Ltd0.28%
Amadeus It Group0.28%
Ferrovial NV0.27%
Abn Amro Bank NV0.27%
Adyen0.26%
Astellas Pharma0.26%
Aercap Holdings0.26%
Publicis Groupe0.25%
Stmicroelectronics0.25%
Nebius NV Class A0.25%
Intercontinental Hotels Group PLC0.24%
Fresenius N0.24%
Aib Group PLC0.24%
Aena Sme SA0.23%
Fujifilm Holdings0.22%
Ajinomoto0.22%
Wolters Kluwer0.22%
Nn Group0.22%
Geberit AG0.22%
Hexagon Class B0.22%
Japan Post Holdings Ltd0.21%
Svenska Handelsbanken-A Shs0.21%
Helvetia Baloise Holding N AG0.21%
Capgemini0.21%
Merck0.21%
Legal and General Group PLC0.20%
Mtu Aero Engines Holding AG0.20%

Weight gaps

The 100 widest of 151 Holdings in both funds.

Holding weights in CEFA and DMXF, widest gap first
Holding	Gap	CEFA	DMXF
Asml Holding NV	DMXF +2.18 points	3.15%	5.33%
Csl Ltd	CEFA +1.23 points	1.87%	0.64%
Essilorluxottica	CEFA +1.18 points	1.78%	0.60%
Argenx SE	CEFA +1.05 points	1.60%	0.55%
Sap SE	DMXF +0.93 points	1.35%	2.28%
Hoya Corp	CEFA +0.88 points	1.33%	0.45%
Galderma Group AG	CEFA +0.81 points	1.22%	0.41%
Commonwealth Bank of Austral	DMXF +0.78 points	1.07%	1.85%
Allianz Se-Reg	DMXF +0.77 points	1.06%	1.83%
Mitsubishi Ufj Financial Gro	DMXF +0.74 points	1.35%	2.09%
Ucb SA	CEFA +0.72 points	1.10%	0.38%
Otsuka Holdings Co Ltd	CEFA +0.65 points	0.95%	0.30%
Sumitomo Mitsui Financial Gr	DMXF +0.52 points	0.81%	1.33%
Advantest Corp	DMXF +0.51 points	0.74%	1.25%
Air Liquide SA	DMXF +0.50 points	0.76%	1.26%
Zurich Insurance Group AG	DMXF +0.45 points	0.64%	1.09%
Aia Group Ltd	DMXF +0.44 points	0.57%	1.01%
Tokyo Electron Ltd	DMXF +0.42 points	0.69%	1.11%
Mizuho Financial Group Inc	DMXF +0.39 points	0.62%	1.01%
Ing Groep NV	DMXF +0.38 points	0.51%	0.89%
Spotify Technology SASPOT	DMXF +0.36 points	0.49%	0.85%
Softbank Group Corp	DMXF +0.36 points	0.44%	0.80%
Westpac Banking Corp	DMXF +0.36 points	0.48%	0.84%
Siemens Healthineers AG	CEFA +0.35 points	0.51%	0.16%
Tokio Marine Holdings Inc	DMXF +0.35 points	0.58%	0.93%
Keyence Corp	DMXF +0.31 points	0.49%	0.80%
Axa SA	DMXF +0.30 points	0.45%	0.75%
Fisher & Paykel Healthcare C	CEFA +0.29 points	0.44%	0.15%
Macquarie Group Ltd	DMXF +0.29 points	0.32%	0.61%
Shionogi & Co Ltd	CEFA +0.28 points	0.42%	0.14%
Deutsche Boerse AG	DMXF +0.26 points	0.37%	0.63%
Infineon Technologies AG	DMXF +0.26 points	0.38%	0.64%
London Stock Exchange GroupLSEG.L	DMXF +0.24 points	0.30%	0.54%
Nintendo Co Ltd	DMXF +0.23 points	0.31%	0.54%
Abb Ltd-Reg	DMXF +0.23 points	0.99%	1.22%
Kddi Corp	DMXF +0.22 points	0.28%	0.50%
Sigma Healthcare Ltd	CEFA +0.22 points	0.31%	0.09%
Swiss Re AG	DMXF +0.21 points	0.30%	0.51%
Compass Group PLCCPG.L	DMXF +0.19 points	0.35%	0.54%
Schneider Electric SE	DMXF +0.19 points	1.15%	1.34%
Softbank Corp	DMXF +0.19 points	0.22%	0.41%
Societe Generale SA	DMXF +0.18 points	0.26%	0.44%
Shin-Etsu Chemical Co Ltd	DMXF +0.17 points	0.36%	0.53%
Prosus NV	DMXF +0.18 points	0.31%	0.49%
Caixabank SA	DMXF +0.17 points	0.27%	0.44%
Recruit Holdings Co Ltd	DMXF +0.17 points	1.20%	1.37%
Hermes International	DMXF +0.16 points	0.34%	0.50%
Murata Manufacturing Co Ltd	DMXF +0.16 points	0.32%	0.48%
Goodman Group	DMXF +0.15 points	0.22%	0.37%
Erste Group Bank AG	DMXF +0.15 points	0.22%	0.37%
Nokia Oyj	DMXF +0.14 points	0.24%	0.38%
Daiichi Life Group Inc	DMXF +0.13 points	0.22%	0.35%
Ntt Inc	DMXF +0.13 points	0.16%	0.29%
Orange	DMXF +0.13 points	0.17%	0.30%
Japan Post Bank Co Ltd	DMXF +0.13 points	0.18%	0.31%
Sompo Holdings Inc	DMXF +0.14 points	0.20%	0.34%
Kbc Group NV	DMXF +0.13 points	0.16%	0.29%
Fujitsu Limited	DMXF +0.13 points	0.20%	0.33%
MS&AD Insurance Group Holdin	DMXF +0.13 points	0.23%	0.36%
Asm International NV	DMXF +0.13 points	0.20%	0.33%
Bank Leumi Le-Israel	DMXF +0.12 points	0.19%	0.31%
Hong Kong Exchanges & Clear	DMXF +0.12 points	0.31%	0.43%
Relx PLCREL.L	DMXF +0.12 points	0.56%	0.68%
Qbe Insurance Group Ltd	DMXF +0.11 points	0.15%	0.26%
Nec Corp	DMXF +0.11 points	0.21%	0.32%
Boc Hong Kong Holdings Ltd	DMXF +0.11 points	0.13%	0.24%
Dnb Bank Asa	DMXF +0.11 points	0.15%	0.26%
Sampo Oyj-A Shs	DMXF +0.11 points	0.15%	0.26%
Tdk Corp	DMXF +0.09 points	0.15%	0.24%
Resona Holdings Inc	DMXF +0.10 points	0.17%	0.27%
Renesas Electronics Corp	DMXF +0.09 points	0.17%	0.26%
Novonesis (Novozymes) B	DMXF +0.09 points	0.14%	0.23%
Commerzbank AG	DMXF +0.09 points	0.15%	0.24%
Mitsui Fudosan Co Ltd	DMXF +0.09 points	0.15%	0.24%
Bank Hapoalim Bm	DMXF +0.09 points	0.17%	0.26%
Sumitomo Mitsui Trust Group	DMXF +0.09 points	0.15%	0.24%
Swisscom Ag-Reg	DMXF +0.09 points	0.13%	0.22%
Northern Star Resources Ltd	DMXF +0.09 points	0.14%	0.23%
Mitsubishi Estate Co Ltd	DMXF +0.08 points	0.17%	0.25%
Bank of Ireland Group PLC	DMXF +0.08 points	0.11%	0.19%
Canon Inc	DMXF +0.08 points	0.14%	0.22%
Disco Corp	DMXF +0.08 points	0.14%	0.22%
Sun Hung Kai Properties	DMXF +0.08 points	0.12%	0.20%
Poste Italiane Spa	DMXF +0.07 points	0.13%	0.20%
Banca Monte Dei Paschi Siena	DMXF +0.08 points	0.15%	0.23%
Kyocera Corp	DMXF +0.07 points	0.13%	0.20%
Evolution Mining Ltd	DMXF +0.07 points	0.10%	0.17%
Konami Group Corporation	DMXF +0.07 points	0.09%	0.16%
Generali	DMXF +0.06 points	0.28%	0.34%
Oriental Land Co Ltd	DMXF +0.06 points	0.17%	0.23%
Mizrahi Tefahot Bank Ltd	DMXF +0.06 points	0.06%	0.12%
Asics Corp	DMXF +0.06 points	0.14%	0.20%
Telstra Group Ltd	DMXF +0.06 points	0.07%	0.13%
Daiwa Securities Group Inc	DMXF +0.06 points	0.08%	0.14%
Antofagasta PLCANTO.L	DMXF +0.06 points	0.08%	0.14%
Daiwa House Industry Co Ltd	DMXF +0.05 points	0.10%	0.15%
Techtronic Industries Co Ltd	DMXF +0.05 points	0.20%	0.25%
Lasertec Corp	DMXF +0.05 points	0.10%	0.15%
Transurban Group	DMXF +0.05 points	0.25%	0.30%
Sandvik Ab	DMXF +0.05 points	0.31%	0.36%

All 326 CEFA holdings⁠All 393 DMXF holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CEFA vs DMXF Cost

Overpaying CEFA vs DMXF

$4,606

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

CEFA 0.35%
$7,126
DMXF 0.12%
$2,520

Amount$10,000

Years30 years

Cost over time

CEFA 0.35%
DMXF 0.12%
Overpaying

Year by year

Year	CEFA	DMXF	Overpaying
10	$634	$220	$414
20	$2,454	$859	$1,595
30	$7,126	$2,520	$4,606

Expense ratio

0.35%CEFA
0.12%DMXF, cheaper

DMXF0.12%CEFA0.35%

0.10%0.95%

Middle half of International ESG & Values Index funds
Median 0.23%

DMXF 2nd cheapest of 18 funds

CEFA 12th cheapest of 18 funds

CEFA vs DMXF Dividends

Last 12 months to Nov 9, 2026

Yield (12M): CEFA 2.70%; DMXF 4.19%, better
Payout (12M): CEFA $1.08; DMXF $3.54
Last payment: CEFA $0.42; DMXF $1.03
Ex-dividend: CEFA Jun 29, 2026; DMXF Jun 15, 2026
Paid on: CEFA Jul 7, 2026; DMXF Jun 18, 2026
Frequency: CEFA Twice a year; DMXF Twice a year

Distribution history

Per share, 2020 to 2026, same scale for both

CEFATwice a year · 12 paymentsAll CEFA payments⁠

DMXFTwice a year · 13 paymentsAll DMXF payments⁠

CEFA vs DMXF Risk

Fall from peak · 5 years

CEFA
DMXF

Risk facts

VolatilityStd dev, 3 years: CEFA 12.0%, betterDMXF 12.8%
Return per unit of riskSharpe ratio, 3 years: CEFA 1.08, betterDMXF 1.06
Worst fallMax drawdown, 5 years: CEFA −31.0%, betterDMXF −33.5%
Market sensitivityBeta, 5 years: CEFA 0.94DMXF 0.87; Market = 1

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