ACWI vs. VCEB ETF Comparison

Comparison of iShares MSCI ACWI Index Fund (ACWI) to Vanguard ESG U.S. Corporate Bond ETF (VCEB)

ACWI

iShares MSCI ACWI Index Fund

ACWI Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Country World Index. The fund invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index is a free float-adjusted market capitalization index designed to measure the combined equity market performance of developed and emerging markets countries. Components primarily include consumer discretionary, consumer staples, energy, financial, industrials and information technology companies. It is non-diversified.

Grade (RS Rating)

Last Trade

$120.01

Average Daily Volume

1,898,594

Number of Holdings ^*

616

* may have additional holdings in another (foreign) market

VCEB

Vanguard ESG U.S. Corporate Bond ETF

VCEB Description

The investment seeks to track the performance of the Bloomberg Barclays MSCI US Corporate SRI Select Index (the ?index?). The index excludes bonds with maturities of 1 year or less and with less than $750 million outstanding, and is screened for certain environmental, social, and governance (ESG) criteria by the index provider, which is independent of Vanguard. All of the fund?s investments will be selected through the sampling process, and under normal circumstances, at least 80% of the fund?s assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$62.67

Average Daily Volume

37,180

Number of Holdings ^*

245

* may have additional holdings in another (foreign) market

Performance

Period	ACWI	VCEB
30 Days	0.17%	-0.53%
60 Days	1.91%	-2.92%
90 Days	2.66%	-1.82%
12 Months	25.12%	7.35%

217 Overlapping Holdings

	Symbol	Grade	Weight in ACWI	Weight in VCEB	Overlap
	A	D	0.05%	0.02%	0.02%
	AAPL	C	4.24%	0.01%	0.01%
	ABBV	F	0.38%	0.03%	0.03%
	ABT	B	0.26%	0.03%	0.03%
	ACGL	C	0.05%	0.03%	0.03%
	ADBE	C	0.28%	0.01%	0.01%
	ADI	D	0.14%	0.01%	0.01%
	ADM	D	0.03%	0.02%	0.02%
	ADP	A	0.15%	0.03%	0.03%
	AFL	B	0.08%	0.05%	0.05%
	AIG	B	0.07%	0.01%	0.01%
	AJG	A	0.08%	0.02%	0.02%
	ALLY	C	0.01%	0.03%	0.01%
	AMAT	F	0.18%	0.01%	0.01%
	AMGN	F	0.19%	0.01%	0.01%
	AMP	A	0.07%	0.03%	0.03%
	AMT	C	0.12%	0.01%	0.01%
	AMZN	C	2.45%	0.01%	0.01%
	AON	A	0.1%	0.01%	0.01%
	APD	A	0.09%	0.02%	0.02%
	APH	A	0.11%	0.02%	0.02%
	ARE	F	0.02%	0.01%	0.01%
	AVGO	D	0.93%	0.02%	0.02%
	AWK	C	0.03%	0.02%	0.02%
	AXP	A	0.21%	0.01%	0.01%
	AZO	C	0.07%	0.04%	0.04%
	BABA	D	0.21%	0.02%	0.02%
	BAC	A	0.42%	0.02%	0.02%
	BAX	F	0.02%	0.02%	0.02%
	BDX	F	0.08%	0.03%	0.03%
	BEN	C	0.01%	0.02%	0.01%
	BG	D	0.02%	0.03%	0.02%
	BIIB	F	0.03%	0.01%	0.01%
	BK	A	0.07%	0.01%	0.01%
	BKNG	A	0.22%	0.02%	0.02%
	BLK	B	0.19%	0.02%	0.02%
	BMY	B	0.15%	0.03%	0.03%
	BR	A	0.04%	0.02%	0.02%
	BSX	A	0.17%	0.01%	0.01%
	BXP	C	0.01%	0.01%	0.01%
	C	A	0.17%	0.01%	0.01%
	CAG	F	0.02%	0.01%	0.01%
	CAH	B	0.04%	0.02%	0.02%
	CARR	C	0.08%	0.02%	0.02%
	CAT	B	0.24%	0.01%	0.01%
	CB	C	0.14%	0.01%	0.01%
	CCI	C	0.06%	0.01%	0.01%
	CF	A	0.02%	0.02%	0.02%
	CFG	B	0.03%	0.03%	0.03%
	CHTR	C	0.05%	0.02%	0.02%
	CI	D	0.12%	0.01%	0.01%
	CMCSA	B	0.21%	0.01%	0.01%
	CME	B	0.1%	0.02%	0.02%
	CMI	A	0.06%	0.02%	0.02%
	COF	C	0.09%	0.01%	0.01%
	CPB	D	0.01%	0.02%	0.01%
	CPT	B	0.02%	0.04%	0.02%
	CRM	B	0.4%	0.02%	0.02%
	CSCO	B	0.29%	0.02%	0.02%
	CSL	C	0.03%	0.02%	0.02%
	CTAS	B	0.1%	0.04%	0.04%
	CVS	D	0.09%	0.01%	0.01%
	DD	C	0.04%	0.06%	0.04%
	DE	B	0.13%	0.02%	0.02%
	DELL	B	0.05%	0.01%	0.01%
	DFS	B	0.06%	0.01%	0.01%
	DG	F	0.02%	0.03%	0.02%
	DGX	A	0.02%	0.03%	0.02%
	DHR	F	0.2%	0.01%	0.01%
	DIS	B	0.26%	0.01%	0.01%
	DLR	B	0.08%	0.01%	0.01%
	DLTR	F	0.02%	0.02%	0.02%
	DOC	C	0.02%	0.03%	0.02%
	DOW	F	0.04%	0.01%	0.01%
	DT	D	0.02%	0.19%	0.02%
	EA	A	0.05%	0.01%	0.01%
	EBAY	D	0.04%	0.01%	0.01%
	EFX	F	0.04%	0.02%	0.02%
	EG	C	0.02%	0.03%	0.02%
	EMN	C	0.01%	0.02%	0.01%
	EQH	C	0.02%	0.05%	0.02%
	EQIX	A	0.11%	0.03%	0.03%
	EQR	C	0.03%	0.03%	0.03%
	ETN	A	0.19%	0.03%	0.03%
	EXPE	B	0.03%	0.04%	0.03%
	FDX	B	0.09%	0.01%	0.01%
	FIS	C	0.06%	0.01%	0.01%
	FITB	B	0.04%	0.02%	0.02%
	FOXA	A	0.01%	0.01%	0.01%
	FTV	C	0.03%	0.03%	0.03%
	GILD	C	0.14%	0.01%	0.01%
	GIS	D	0.04%	0.03%	0.03%
	GLPI	C	0.02%	0.01%	0.01%
	GLW	B	0.05%	0.02%	0.02%
	GM	C	0.08%	0.01%	0.01%
	GOOGL	C	1.34%	0.02%	0.02%
	GPN	B	0.04%	0.01%	0.01%
	GS	A	0.24%	0.01%	0.01%
	GWW	B	0.07%	0.04%	0.04%
	HBAN	A	0.03%	0.02%	0.02%
	HCA	F	0.09%	0.02%	0.02%
	HD	B	0.52%	0.01%	0.01%
	HIG	B	0.05%	0.02%	0.02%
	HPE	B	0.03%	0.01%	0.01%
	HPQ	B	0.05%	0.01%	0.01%
	HRL	D	0.01%	0.02%	0.01%
	HST	C	0.02%	0.02%	0.02%
	HUM	C	0.04%	0.01%	0.01%
	IBM	C	0.24%	0.02%	0.02%
	ICE	C	0.11%	0.01%	0.01%
	IFF	D	0.03%	0.03%	0.03%
	INTC	C	0.13%	0.01%	0.01%
	ITW	B	0.1%	0.03%	0.03%
	JNJ	C	0.47%	0.01%	0.01%
	JPM	A	0.89%	0.01%	0.01%
	K	A	0.03%	0.03%	0.03%
	KDP	F	0.05%	0.01%	0.01%
	KEY	B	0.02%	0.01%	0.01%
	KLAC	F	0.11%	0.01%	0.01%
	KMB	C	0.06%	0.04%	0.04%
	KO	D	0.33%	0.01%	0.01%
	LEN	D	0.05%	0.04%	0.04%
	LH	B	0.03%	0.03%	0.03%
	LLY	F	0.75%	0.03%	0.03%
	LOW	C	0.19%	0.01%	0.01%
	LRCX	F	0.12%	0.01%	0.01%
	LUV	C	0.01%	0.01%	0.01%
	MA	B	0.55%	0.03%	0.03%
	MAR	A	0.09%	0.01%	0.01%
	MCD	D	0.27%	0.01%	0.01%
	MCHP	F	0.04%	0.04%	0.04%
	MCK	A	0.1%	0.02%	0.02%
	MDLZ	F	0.11%	0.01%	0.01%
	MDT	D	0.14%	0.05%	0.05%
	MET	A	0.07%	0.01%	0.01%
	MKC	C	0.02%	0.02%	0.02%
	MLM	C	0.05%	0.02%	0.02%
	MMC	B	0.14%	0.04%	0.04%
	MMM	D	0.09%	0.01%	0.01%
	MOS	F	0.01%	0.06%	0.01%
	MRK	D	0.31%	0.01%	0.01%
	MRVL	B	0.1%	0.01%	0.01%
	MS	A	0.21%	0.01%	0.01%
	MSFT	D	3.76%	0.01%	0.01%
	MSI	B	0.1%	0.01%	0.01%
	MTB	A	0.05%	0.07%	0.05%
	MU	D	0.14%	0.03%	0.03%
	MUFG	B	0.17%	0.01%	0.01%
	NEM	D	0.06%	0.02%	0.02%
	NKE	F	0.11%	0.01%	0.01%
	NOW	A	0.27%	0.04%	0.04%
	NTAP	C	0.03%	0.02%	0.02%
	NTRS	A	0.03%	0.03%	0.03%
	NVDA	B	4.62%	0.01%	0.01%
	NVR	D	0.04%	0.03%	0.03%
	NXPI	D	0.07%	0.01%	0.01%
	O	C	0.06%	0.02%	0.02%
	OMC	C	0.03%	0.02%	0.02%
	ORCL	A	0.4%	0.02%	0.02%
	ORLY	B	0.09%	0.03%	0.03%
	OTIS	C	0.05%	0.04%	0.04%
	PEP	F	0.27%	0.01%	0.01%
	PFE	F	0.18%	0.01%	0.01%
	PG	C	0.51%	0.01%	0.01%
	PGR	A	0.19%	0.05%	0.05%
	PH	A	0.11%	0.01%	0.01%
	PLD	F	0.14%	0.01%	0.01%
	PNC	B	0.1%	0.01%	0.01%
	PPG	F	0.04%	0.03%	0.03%
	PRU	A	0.06%	0.01%	0.01%
	PWR	A	0.06%	0.03%	0.03%
	PYPL	B	0.11%	0.01%	0.01%
	QCOM	F	0.23%	0.01%	0.01%
	QRVO	F	0.01%	0.02%	0.01%
	REGN	F	0.1%	0.02%	0.02%
	RF	A	0.03%	0.03%	0.03%
	RJF	A	0.04%	0.02%	0.02%
	ROP	B	0.08%	0.03%	0.03%
	RPRX	D	0.01%	0.01%	0.01%
	RSG	A	0.06%	0.01%	0.01%
	SBUX	A	0.14%	0.02%	0.02%
	SCHW	B	0.15%	0.01%	0.01%
	SHW	B	0.11%	0.02%	0.02%
	SJM	D	0.01%	0.03%	0.01%
	SPG	A	0.08%	0.01%	0.01%
	STT	B	0.04%	0.01%	0.01%
	SWK	D	0.02%	0.02%	0.02%
	SYF	B	0.03%	0.03%	0.03%
	SYK	B	0.17%	0.01%	0.01%
	SYY	D	0.05%	0.01%	0.01%
	T	A	0.21%	0.01%	0.01%
	TFC	A	0.08%	0.01%	0.01%
	TGT	F	0.09%	0.01%	0.01%
	TJX	A	0.17%	0.07%	0.07%
	TMO	F	0.25%	0.01%	0.01%
	TMUS	B	0.16%	0.01%	0.01%
	TRV	B	0.07%	0.02%	0.02%
	TSN	B	0.02%	0.01%	0.01%
	TT	A	0.12%	0.02%	0.02%
	TXN	C	0.23%	0.01%	0.01%
	UHS	D	0.02%	0.02%	0.02%
	UNH	B	0.68%	0.01%	0.01%
	UPS	C	0.12%	0.01%	0.01%
	USB	A	0.1%	0.01%	0.01%
	V	A	0.63%	0.02%	0.02%
	VMC	B	0.05%	0.02%	0.02%
	VRSK	A	0.05%	0.04%	0.04%
	VRSN	C	0.02%	0.03%	0.02%
	VTR	B	0.03%	0.02%	0.02%
	VTRS	A	0.02%	0.01%	0.01%
	VZ	C	0.22%	0.02%	0.02%
	WAB	B	0.04%	0.03%	0.03%
	WBA	F	0.01%	0.02%	0.01%
	WELL	A	0.11%	0.01%	0.01%
	WM	B	0.11%	0.01%	0.01%
	ZBH	C	0.03%	0.03%	0.03%
	ZTS	D	0.1%	0.01%	0.01%

ACWI Overweight 399 Positions Relative to VCEB

	Symbol	Grade	Weight
	META	D	1.57%
	TSLA	B	1.27%
	GOOG	C	1.16%
	BRK.A	B	0.79%
	XOM	B	0.68%
	COST	A	0.53%
	WMT	A	0.49%
	NFLX	A	0.48%
	CVX	A	0.36%
	WFC	A	0.33%
	AMD	F	0.29%
	ACN	B	0.28%
	LIN	C	0.27%
	GE	D	0.25%
	PM	B	0.25%
	ISRG	A	0.24%
	INTU	B	0.23%
	TM	F	0.23%
	SPGI	C	0.21%
	NEE	C	0.2%
	RTX	D	0.2%
	HON	C	0.19%
	UNP	C	0.18%
	UBER	F	0.17%
	BX	A	0.17%
	COP	C	0.17%
	PANW	B	0.16%
	FI	A	0.16%
	PLTR	B	0.16%
	LMT	D	0.15%
	VRTX	D	0.15%
	SONY	B	0.15%
	BA	F	0.14%
	ANET	C	0.13%
	ELV	F	0.12%
	GEV	B	0.12%
	SO	C	0.12%
	KKR	A	0.12%
	MO	A	0.12%
	CDNS	B	0.11%
	DUK	C	0.11%
	MELI	C	0.11%
	HDB	C	0.11%
	SMFG	B	0.11%
	MCO	B	0.1%
	EOG	A	0.1%
	IBN	C	0.1%
	CMG	B	0.1%
	SNPS	B	0.1%
	CRWD	B	0.1%
	APO	B	0.09%
	CSX	C	0.09%
	MSTR	B	0.09%
	NOC	D	0.09%
	CRH	A	0.09%
	TDG	D	0.09%
	WMB	A	0.09%
	CL	D	0.09%
	EMR	B	0.09%
	CEG	C	0.09%
	SLB	C	0.08%
	SRE	A	0.08%
	COIN	C	0.08%
	FCX	F	0.08%
	ECL	D	0.08%
	GD	D	0.08%
	HLT	A	0.08%
	OKE	A	0.08%
	ADSK	A	0.08%
	APP	B	0.08%
	LNG	A	0.07%
	ALL	A	0.07%
	PSA	C	0.07%
	TTD	B	0.07%
	DASH	B	0.07%
	WDAY	B	0.07%
	VST	A	0.07%
	URI	C	0.07%
	PSX	C	0.07%
	FICO	B	0.07%
	JCI	B	0.07%
	MPC	D	0.07%
	PCAR	B	0.07%
	ABNB	C	0.07%
	MFG	A	0.07%
	NSC	B	0.07%
	RCL	A	0.07%
	KMI	A	0.07%
	FTNT	C	0.07%
	PEG	A	0.06%
	AME	A	0.06%
	AXON	A	0.06%
	KVUE	A	0.06%
	PAYX	B	0.06%
	TEL	B	0.06%
	HWM	A	0.06%
	LHX	C	0.06%
	ROST	D	0.06%
	VLO	C	0.06%
	FLUT	A	0.06%
	FAST	B	0.06%
	MSCI	C	0.06%
	D	C	0.06%
	DHI	F	0.06%
	CPRT	B	0.06%
	WCN	A	0.06%
	AEP	C	0.06%
	VRT	B	0.06%
	SQ	A	0.06%
	EXR	C	0.05%
	DDOG	A	0.05%
	YUM	D	0.05%
	XEL	A	0.05%
	EXC	C	0.05%
	TEAM	A	0.05%
	STZ	D	0.05%
	SNOW	B	0.05%
	MNST	C	0.05%
	IT	C	0.05%
	CTSH	B	0.05%
	KR	B	0.05%
	CTVA	C	0.05%
	HES	B	0.05%
	CBRE	B	0.05%
	HMC	F	0.05%
	FERG	B	0.05%
	TRGP	A	0.05%
	ODFL	C	0.05%
	EW	C	0.05%
	PCG	A	0.05%
	F	C	0.05%
	COR	B	0.05%
	IR	B	0.05%
	BKR	A	0.05%
	PHM	D	0.04%
	TPL	A	0.04%
	DOV	A	0.04%
	ON	D	0.04%
	MPWR	F	0.04%
	SW	A	0.04%
	CSGP	D	0.04%
	NET	B	0.04%
	ALNY	D	0.04%
	XYL	D	0.04%
	TSCO	D	0.04%
	TTWO	A	0.04%
	DXCM	C	0.04%
	WEC	A	0.04%
	ANSS	B	0.04%
	CNC	D	0.04%
	ROK	C	0.04%
	ETR	B	0.04%
	VEEV	C	0.04%
	ED	C	0.04%
	AVB	B	0.04%
	WTW	B	0.04%
	VICI	C	0.04%
	EIX	B	0.04%
	ARES	A	0.04%
	HUBS	A	0.04%
	OXY	D	0.04%
	GRMN	B	0.04%
	TCOM	B	0.04%
	FANG	C	0.04%
	IDXX	F	0.04%
	IRM	C	0.04%
	NUE	C	0.04%
	RMD	C	0.04%
	NDAQ	A	0.04%
	IQV	F	0.04%
	LULU	C	0.04%
	GEHC	D	0.04%
	STX	C	0.03%
	FDS	B	0.03%
	DRI	B	0.03%
	PFG	D	0.03%
	CLX	A	0.03%
	COO	D	0.03%
	SNA	A	0.03%
	WAT	C	0.03%
	LII	A	0.03%
	CBOE	C	0.03%
	LDOS	C	0.03%
	WDC	D	0.03%
	PKG	A	0.03%
	MDB	B	0.03%
	STE	D	0.03%
	NRG	B	0.03%
	TDY	B	0.03%
	WY	F	0.03%
	LYB	F	0.03%
	ILMN	C	0.03%
	CNP	A	0.03%
	STLD	B	0.03%
	WBD	B	0.03%
	ES	C	0.03%
	LYV	A	0.03%
	ATO	A	0.03%
	WST	C	0.03%
	INVH	D	0.03%
	MKL	A	0.03%
	BLDR	D	0.03%
	PTC	B	0.03%
	LPLA	A	0.03%
	FE	C	0.03%
	FCNCA	A	0.03%
	EME	A	0.03%
	CINF	A	0.03%
	BIDU	F	0.03%
	HUBB	B	0.03%
	DVN	F	0.03%
	CDW	F	0.03%
	RBLX	C	0.03%
	SBAC	D	0.03%
	MTD	F	0.03%
	HSY	F	0.03%
	DTE	C	0.03%
	TYL	B	0.03%
	PPL	A	0.03%
	CPAY	A	0.03%
	VLTO	C	0.03%
	CCL	A	0.03%
	TROW	B	0.03%
	EQT	B	0.03%
	BRO	B	0.03%
	KEYS	A	0.03%
	HAL	C	0.03%
	GDDY	A	0.03%
	DECK	A	0.03%
	CHD	A	0.03%
	AEE	A	0.03%
	KHC	F	0.03%
	DKS	D	0.02%
	KMX	B	0.02%
	ALB	B	0.02%
	MRNA	F	0.02%
	AIZ	A	0.02%
	ELS	C	0.02%
	OKTA	C	0.02%
	AMH	C	0.02%
	NDSN	B	0.02%
	REG	A	0.02%
	Z	A	0.02%
	ALLE	C	0.02%
	JKHY	D	0.02%
	CHRW	B	0.02%
	UDR	B	0.02%
	AKAM	D	0.02%
	WPC	C	0.02%
	AVTR	F	0.02%
	EPAM	B	0.02%
	SWKS	F	0.02%
	HEI	A	0.02%
	CHT	C	0.02%
	POOL	C	0.02%
	RVTY	F	0.02%
	LI	F	0.02%
	ROL	B	0.02%
	APTV	F	0.02%
	FFIV	B	0.02%
	EL	F	0.02%
	TOST	B	0.02%
	AMCR	C	0.02%
	SMCI	F	0.02%
	ACM	B	0.02%
	GGG	B	0.02%
	EVRG	A	0.02%
	ENTG	D	0.02%
	JBHT	C	0.02%
	UTHR	C	0.02%
	TER	F	0.02%
	JBL	C	0.02%
	DPZ	C	0.02%
	NI	A	0.02%
	TW	A	0.02%
	SSNC	B	0.02%
	HEI	A	0.02%
	TXT	D	0.02%
	ALGN	D	0.02%
	LNT	A	0.02%
	TWLO	A	0.02%
	FWONK	A	0.02%
	UMC	F	0.02%
	J	D	0.02%
	DOCU	B	0.02%
	ULTA	F	0.02%
	MOH	F	0.02%
	PSTG	D	0.02%
	FNF	B	0.02%
	KIM	A	0.02%
	MANH	D	0.02%
	GEN	B	0.02%
	SUI	C	0.02%
	AVY	F	0.02%
	MAS	D	0.02%
	LVS	B	0.02%
	GPC	D	0.02%
	EXPD	C	0.02%
	RPM	A	0.02%
	OC	A	0.02%
	BURL	B	0.02%
	YUMC	C	0.02%
	PINS	F	0.02%
	MRO	B	0.02%
	RS	B	0.02%
	TRMB	B	0.02%
	WSM	C	0.02%
	IP	A	0.02%
	IEX	C	0.02%
	L	A	0.02%
	MAA	B	0.02%
	HOOD	B	0.02%
	WSO	A	0.02%
	WRB	A	0.02%
	DKNG	B	0.02%
	BALL	F	0.02%
	NMR	B	0.02%
	BBY	D	0.02%
	ZM	C	0.02%
	BAH	F	0.02%
	PODD	C	0.02%
	FSLR	F	0.02%
	ZBRA	B	0.02%
	PNR	A	0.02%
	CMS	C	0.02%
	HOLX	D	0.02%
	TRU	D	0.02%
	ZS	B	0.02%
	CTRA	B	0.02%
	ESS	B	0.02%
	EXE	A	0.02%
	CELH	F	0.01%
	MBAVU	C	0.01%
	BILI	D	0.01%
	WLK	D	0.01%
	UHAL	D	0.01%
	PARA	C	0.01%
	H	B	0.01%
	DINO	D	0.01%
	FOX	A	0.01%
	AGCO	D	0.01%
	BBWI	C	0.01%
	ACI	C	0.01%
	NIO	F	0.01%
	AZPN	A	0.01%
	XPEV	C	0.01%
	RIVN	F	0.01%
	BIO	C	0.01%
	MTCH	D	0.01%
	HII	F	0.01%
	CE	F	0.01%
	APA	D	0.01%
	BSY	F	0.01%
	TTC	C	0.01%
	TME	D	0.01%
	WIT	B	0.01%
	ENPH	F	0.01%
	FBIN	D	0.01%
	DVA	C	0.01%
	WTRG	B	0.01%
	CRL	D	0.01%
	MGM	D	0.01%
	KNX	C	0.01%
	NLY	C	0.01%
	ROKU	D	0.01%
	TFX	F	0.01%
	WYNN	C	0.01%
	HSIC	C	0.01%
	BGNE	D	0.01%
	AOS	F	0.01%
	AES	F	0.01%
	DAL	B	0.01%
	CNH	C	0.01%
	SOLV	D	0.01%
	CHRD	D	0.01%
	LKQ	F	0.01%
	EXAS	D	0.01%
	SEIC	B	0.01%
	TECH	F	0.01%
	DAY	B	0.01%
	LW	C	0.01%
	MKTX	D	0.01%
	IOT	A	0.01%
	PAYC	B	0.01%
	IPG	D	0.01%
	CTLT	C	0.01%
	AFG	A	0.01%
	ERIE	D	0.01%
	CCK	D	0.01%
	JNPR	D	0.01%
	SNAP	D	0.01%
	INCY	C	0.01%
	NWSA	A	0.01%
	TAP	C	0.01%
	CG	B	0.01%
	BMRN	F	0.01%
	OVV	B	0.01%
	NBIX	C	0.01%
	MNSO	D	0.0%

ACWI Underweight 28 Positions Relative to VCEB

	Symbol	Grade	Weight
	WEST	C	-0.06%
	STLA	F	-0.04%
	CMA	B	-0.03%
	BWA	D	-0.03%
	HAS	D	-0.03%
	BHF	C	-0.03%
	VOD	F	-0.03%
	HUN	F	-0.02%
	LEA	F	-0.02%
	RL	C	-0.02%
	XRAY	F	-0.02%
	VFC	C	-0.02%
	DB	D	-0.02%
	HSBC	A	-0.02%
	GSK	F	-0.02%
	AZN	F	-0.02%
	EXP	B	-0.01%
	WB	D	-0.01%
	BRX	A	-0.01%
	BMO	A	-0.01%
	BERY	C	-0.01%
	CM	A	-0.01%
	AER	A	-0.01%
	BNS	A	-0.01%
	AL	B	-0.01%
	TD	D	-0.01%
	NWG	A	-0.01%
	RY	A	-0.01%

ACWI: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Diagnostics & Research Semiconductors Asset Management Oil & Gas E&P Specialty Retail Capital Markets Software - Infrastructure Biotechnology Internet Content & Information Aerospace & Defense Banks - Regional - US REIT - Residential Specialty Chemicals Auto Manufacturers Drug Manufacturers - Major Insurance - Property & Casualty

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electricity Dow Jones Component Electronics Telecommunications Bank Chemical Aerospace Real Estate Investment Trust Banking Medicine Semiconductor Cloud Computing Transport Mining IBD 50

VCEB: Top Represented Industries & Keywords

Industries: Banks - Global Drug Manufacturers - Major Banks - Regional - US Semiconductors Packaged Foods Business Services Credit Services Asset Management Chemicals Diagnostics & Research Diversified Industrials Medical Devices Specialty Retail Telecom Services Capital Markets Health Care Plans Insurance - Diversified Insurance - Life Software - Application Beverages - Soft Drinks

Keywords: S&P 500 Nasdaq 100 Bank Dow Jones Component Insurance Banking Computing Investment Bank Financial Products Cash Management Commercial Banking Medicine Insurance Products Real Estate Investment Trust Disability Investment Management Asset Management Services Investment Banking Telecommunications Electronics