BIV vs. MFDX ETF Comparison

Comparison of Vanguard Intermediate-Term Bond ETF (BIV) to PIMCO Equitiy Series PIMCO RAFI Dynamic Multi-Factor International Equity ETF (MFDX)

BIV

Vanguard Intermediate-Term Bond ETF

BIV Description

The investment seeks the performance of a market-weighted bond index with an intermediate-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 5-10 Year Government/Credit Float Adjusted Index. This Index includes all medium and larger issues of U.S. government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities between 5 and 10 years and are publicly issued. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds held in the index.

Grade (RS Rating)

Last Trade

$75.24

Average Daily Volume

1,245,117

Number of Holdings ^*

484

* may have additional holdings in another (foreign) market

MFDX

PIMCO Equitiy Series PIMCO RAFI Dynamic Multi-Factor International Equity ETF

MFDX Description

The investment seeks to track the investment results of the RAFI Dynamic Multi-Factor Emerging Markets Index. The fund seeks to achieve its investment objective by investing at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities of the RAFI Dynamic Multi-Factor Emerging Markets Index. The underlying index is constructed by RAFI Indices, LLC using a rules-based approach to construct factor portfolios within the underlying index. The underlying index consists of "factor portfolios," each of which emphasizes one of the following factors: value, low volatility, quality and momentum.

Grade (RS Rating)

Last Trade

$30.15

Average Daily Volume

23,641

Number of Holdings ^*

51

* may have additional holdings in another (foreign) market

Performance

Period	BIV	MFDX
30 Days	-1.76%	-5.07%
60 Days	-3.77%	-4.12%
90 Days	-1.62%	-1.32%
12 Months	6.66%	11.67%

7 Overlapping Holdings

	Symbol	Grade	Weight in BIV	Weight in MFDX	Overlap
	ABBV	D	0.05%	0.69%	0.05%
	AER	C	0.01%	0.01%	0.01%
	ALLE	D	0.01%	0.05%	0.01%
	MDT	D	0.01%	0.36%	0.01%
	MUFG	A	0.02%	0.35%	0.02%
	NXPI	F	0.01%	0.34%	0.01%
	TT	A	0.01%	0.33%	0.01%

BIV Overweight 477 Positions Relative to MFDX

	Symbol	Grade	Weight
	WIT	B	0.35%
	DT	C	0.11%
	MSFT	C	0.1%
	AXP	B	0.05%
	DD	D	0.05%
	BIIB	F	0.04%
	MS	A	0.04%
	WFC	A	0.04%
	TMUS	A	0.04%
	CB	C	0.03%
	KOF	F	0.03%
	DLTR	F	0.03%
	SLB	C	0.03%
	RJF	A	0.03%
	CAH	A	0.03%
	BWA	B	0.03%
	BMO	A	0.03%
	ESGR	C	0.03%
	NOW	A	0.03%
	TSN	C	0.03%
	NVDA	B	0.03%
	BABA	D	0.03%
	LVS	C	0.02%
	NI	A	0.02%
	LRCX	F	0.02%
	LMT	C	0.02%
	MRO	B	0.02%
	INVH	D	0.02%
	KLAC	F	0.02%
	EOG	A	0.02%
	EBAY	C	0.02%
	CTAS	A	0.02%
	BR	A	0.02%
	ADI	F	0.02%
	CPB	F	0.02%
	UHS	D	0.02%
	XRAY	F	0.02%
	QRVO	F	0.02%
	MOS	D	0.02%
	MET	C	0.02%
	LDOS	B	0.02%
	MTB	B	0.02%
	HST	C	0.02%
	HPQ	B	0.02%
	HIG	C	0.02%
	HAL	C	0.02%
	EFX	D	0.02%
	DAL	A	0.02%
	EA	A	0.02%
	DXC	B	0.02%
	DOX	C	0.02%
	ETN	A	0.02%
	BC	C	0.02%
	CNO	B	0.02%
	ADP	A	0.02%
	ADM	F	0.02%
	CHRW	A	0.02%
	ARCC	B	0.02%
	AAP	D	0.02%
	AMG	B	0.02%
	TEL	B	0.02%
	SYK	A	0.02%
	SYF	B	0.02%
	VRSN	C	0.02%
	ZBH	C	0.02%
	TRMB	B	0.02%
	PGR	A	0.02%
	RL	B	0.02%
	DOC	C	0.02%
	REGN	F	0.02%
	ADBE	C	0.02%
	MCD	C	0.02%
	DLR	C	0.02%
	NEM	F	0.02%
	MU	D	0.02%
	GSK	F	0.02%
	WAB	A	0.02%
	WY	F	0.02%
	PH	A	0.02%
	EXPE	B	0.02%
	GD	A	0.02%
	PYPL	A	0.02%
	CHTR	B	0.02%
	CRM	B	0.02%
	DFS	B	0.02%
	CAG	F	0.02%
	SYY	B	0.02%
	MPLX	B	0.02%
	VTRS	B	0.02%
	ET	A	0.02%
	MMC	C	0.02%
	BSX	A	0.02%
	GOOGL	B	0.02%
	QCOM	F	0.02%
	NWG	C	0.02%
	MRK	F	0.02%
	HCA	D	0.02%
	FOXA	A	0.02%
	CARR	C	0.02%
	NOC	C	0.02%
	GE	C	0.02%
	VOD	F	0.02%
	AMZN	A	0.02%
	WTFC	B	0.01%
	SKT	B	0.01%
	RS	B	0.01%
	ROST	F	0.01%
	PWR	B	0.01%
	REXR	F	0.01%
	SAVE	F	0.01%
	GBDC	B	0.01%
	AXS	A	0.01%
	AVT	C	0.01%
	CMA	A	0.01%
	CHD	B	0.01%
	CE	F	0.01%
	CBT	C	0.01%
	THG	A	0.01%
	UNM	A	0.01%
	TME	F	0.01%
	NOV	C	0.01%
	NDAQ	A	0.01%
	OGS	A	0.01%
	IFF	F	0.01%
	L	A	0.01%
	JCI	A	0.01%
	KMT	B	0.01%
	KMPR	A	0.01%
	EPRT	C	0.01%
	VNO	C	0.01%
	WU	F	0.01%
	TKR	F	0.01%
	WLK	F	0.01%
	PNW	B	0.01%
	SNA	A	0.01%
	RNR	D	0.01%
	SF	B	0.01%
	PSEC	F	0.01%
	DOV	A	0.01%
	AFG	A	0.01%
	APTV	D	0.01%
	WBS	A	0.01%
	LII	B	0.01%
	OCSL	D	0.01%
	MCY	B	0.01%
	PDM	D	0.01%
	MP	C	0.01%
	KRG	B	0.01%
	EMN	D	0.01%
	FSK	A	0.01%
	LXP	C	0.01%
	OSK	B	0.01%
	MKL	A	0.01%
	OPI	F	0.01%
	BEN	C	0.01%
	BDN	D	0.01%
	AMH	C	0.01%
	WEC	B	0.01%
	WB	F	0.01%
	ZION	B	0.01%
	VRSK	A	0.01%
	VNT	B	0.01%
	WPC	F	0.01%
	R	A	0.01%
	SITC	F	0.01%
	PKG	B	0.01%
	RPM	A	0.01%
	PHM	D	0.01%
	PFG	C	0.01%
	SCS	C	0.01%
	SAFE	F	0.01%
	PPG	F	0.01%
	SON	D	0.01%
	SNX	C	0.01%
	FMC	F	0.01%
	FLS	B	0.01%
	FLO	F	0.01%
	EW	D	0.01%
	BBY	D	0.01%
	ALL	A	0.01%
	BAX	F	0.01%
	AIZ	A	0.01%
	CMI	A	0.01%
	CME	A	0.01%
	AVB	A	0.01%
	AGR	C	0.01%
	AGO	B	0.01%
	ATO	A	0.01%
	CINF	A	0.01%
	AEE	A	0.01%
	ARW	F	0.01%
	ADC	A	0.01%
	ACGL	D	0.01%
	BKU	B	0.01%
	AAT	C	0.01%
	OGE	B	0.01%
	NVT	B	0.01%
	MCO	C	0.01%
	NUE	C	0.01%
	GPC	D	0.01%
	GP	F	0.01%
	HR	C	0.01%
	HP	C	0.01%
	INTU	A	0.01%
	HIW	D	0.01%
	GILD	C	0.01%
	JD	C	0.01%
	IEX	B	0.01%
	GXO	B	0.01%
	EPR	D	0.01%
	DHR	F	0.01%
	DHI	F	0.01%
	FTNT	B	0.01%
	FRT	C	0.01%
	STE	F	0.01%
	WTRG	C	0.01%
	RYN	F	0.01%
	ROK	B	0.01%
	RF	B	0.01%
	SBRA	C	0.01%
	REG	A	0.01%
	PRE	D	0.01%
	MAS	D	0.01%
	NHI	D	0.01%
	NEU	C	0.01%
	MLM	B	0.01%
	MHK	D	0.01%
	LIN	D	0.01%
	CNH	D	0.01%
	AYI	B	0.01%
	BRO	A	0.01%
	BNS	A	0.01%
	BKH	B	0.01%
	AAL	B	0.01%
	BERY	C	0.01%
	AMCR	D	0.01%
	CP	F	0.01%
	UDR	C	0.01%
	WBA	D	0.01%
	TD	D	0.01%
	TSCO	C	0.01%
	SWX	B	0.01%
	SWKS	F	0.01%
	VOYA	B	0.01%
	XYL	D	0.01%
	VMC	B	0.01%
	KEX	B	0.01%
	ITW	A	0.01%
	HUBB	B	0.01%
	HSY	D	0.01%
	HPP	F	0.01%
	JNPR	D	0.01%
	ILMN	C	0.01%
	KSS	F	0.01%
	KRC	C	0.01%
	EIX	C	0.01%
	DVN	F	0.01%
	CTVA	C	0.01%
	FAF	C	0.01%
	EXR	D	0.01%
	DRI	B	0.01%
	DSS	F	0.01%
	NFG	C	0.01%
	LLY	F	0.01%
	OC	A	0.01%
	LEG	F	0.01%
	NVR	D	0.01%
	MRVL	B	0.01%
	NSC	B	0.01%
	KIM	A	0.01%
	MAA	C	0.01%
	ORLY	A	0.01%
	LNT	C	0.01%
	OMC	B	0.01%
	LAZ	C	0.01%
	NTRS	A	0.01%
	KEYS	C	0.01%
	K	A	0.01%
	HUN	F	0.01%
	HRB	D	0.01%
	IPG	F	0.01%
	INGR	B	0.01%
	HII	D	0.01%
	HBAN	B	0.01%
	JBL	C	0.01%
	KR	A	0.01%
	EMR	A	0.01%
	DGX	A	0.01%
	DE	D	0.01%
	ED	D	0.01%
	CUBE	D	0.01%
	FLEX	B	0.01%
	DOW	F	0.01%
	FITB	A	0.01%
	AL	B	0.01%
	CNP	B	0.01%
	CMS	C	0.01%
	AVY	F	0.01%
	ADSK	A	0.01%
	CFG	B	0.01%
	BIDU	F	0.01%
	APD	B	0.01%
	UPS	C	0.01%
	TGT	C	0.01%
	WELL	B	0.01%
	TXT	C	0.01%
	SUI	D	0.01%
	VFC	C	0.01%
	TJX	B	0.01%
	WM	A	0.01%
	PM	C	0.01%
	SJM	F	0.01%
	RPRX	F	0.01%
	ROP	A	0.01%
	PSA	C	0.01%
	SO	D	0.01%
	NNN	F	0.01%
	LNC	B	0.01%
	LH	A	0.01%
	LEA	F	0.01%
	NTAP	D	0.01%
	MPC	D	0.01%
	KEY	B	0.01%
	HUM	D	0.01%
	GLPI	D	0.01%
	GL	B	0.01%
	JEF	A	0.01%
	HAS	D	0.01%
	H	B	0.01%
	KMB	F	0.01%
	ESS	C	0.01%
	ES	D	0.01%
	EQR	C	0.01%
	EL	F	0.01%
	FNF	C	0.01%
	CSL	B	0.01%
	EVRG	A	0.01%
	ETR	B	0.01%
	AZO	C	0.01%
	CNA	C	0.01%
	AWK	D	0.01%
	CLX	A	0.01%
	BRX	A	0.01%
	AES	F	0.01%
	A	F	0.01%
	BG	D	0.01%
	CBOE	D	0.01%
	AN	C	0.01%
	TXN	C	0.01%
	VTR	C	0.01%
	SWK	F	0.01%
	ZTS	D	0.01%
	STLD	B	0.01%
	PSX	D	0.01%
	RGA	A	0.01%
	SPGI	C	0.01%
	AZN	F	0.01%
	AFL	C	0.01%
	BLK	B	0.01%
	BK	B	0.01%
	BHF	B	0.01%
	APH	B	0.01%
	CCI	F	0.01%
	AMAT	F	0.01%
	LEN	D	0.01%
	MSI	B	0.01%
	GPN	B	0.01%
	GIS	F	0.01%
	ICE	D	0.01%
	EQNR	F	0.01%
	EQIX	B	0.01%
	FDX	B	0.01%
	ECL	C	0.01%
	NKE	F	0.01%
	PAA	D	0.01%
	MKC	D	0.01%
	MA	B	0.01%
	LYB	F	0.01%
	MMM	C	0.01%
	OHI	C	0.01%
	O	D	0.01%
	HRL	F	0.01%
	UNP	C	0.01%
	TDY	A	0.01%
	STT	B	0.01%
	VLO	D	0.01%
	TMO	F	0.01%
	WEST	D	0.01%
	WHR	B	0.01%
	PLD	D	0.01%
	RSG	A	0.01%
	PG	C	0.01%
	FANG	D	0.01%
	CSX	B	0.01%
	BXP	D	0.01%
	XEL	A	0.01%
	SRE	A	0.01%
	PRU	B	0.01%
	PEG	C	0.01%
	SBUX	B	0.01%
	SPG	B	0.01%
	AEP	D	0.01%
	AON	A	0.01%
	GM	A	0.01%
	EQH	B	0.01%
	DTE	D	0.01%
	FIS	B	0.01%
	CAT	C	0.01%
	STZ	D	0.01%
	EPD	A	0.01%
	DG	F	0.01%
	DB	C	0.01%
	COF	B	0.01%
	MO	A	0.01%
	OTIS	C	0.01%
	OKE	A	0.01%
	LHX	A	0.01%
	MDLZ	F	0.01%
	KDP	D	0.01%
	WMB	B	0.01%
	V	A	0.01%
	SHW	A	0.01%
	PEP	D	0.01%
	DUK	D	0.01%
	EXC	C	0.01%
	AMT	F	0.01%
	COP	C	0.01%
	USB	A	0.01%
	HON	B	0.01%
	JNJ	D	0.01%
	HD	B	0.01%
	D	D	0.01%
	CVX	B	0.01%
	MAR	A	0.01%
	LUV	B	0.01%
	CPT	C	0.01%
	AMGN	F	0.01%
	TFC	B	0.01%
	PFE	F	0.01%
	SCHW	A	0.01%
	BKNG	A	0.01%
	ARE	F	0.01%
	ABT	C	0.01%
	INTC	C	0.01%
	HES	C	0.01%
	KO	F	0.01%
	PNC	B	0.01%
	DIS	B	0.01%
	LOW	B	0.01%
	UNH	B	0.01%
	AIG	B	0.01%
	KMI	B	0.01%
	WMT	A	0.01%
	AAPL	C	0.01%
	BDX	D	0.01%
	DELL	B	0.01%
	NEE	D	0.01%
	XOM	B	0.01%
	CI	D	0.01%
	COST	B	0.01%
	RTX	C	0.01%
	IBM	C	0.01%
	UAL	B	0.01%
	ORCL	A	0.01%
	PCG	A	0.01%
	AVGO	C	0.01%
	CVS	F	0.01%
	GS	B	0.01%
	T	A	0.01%
	JPM	B	0.01%
	HSBC	C	0.01%
	VZ	C	0.01%
	BMY	B	0.01%
	CMCSA	B	0.01%
	BA	F	0.01%
	C	A	0.01%
	BAC	A	0.01%

BIV Underweight 44 Positions Relative to MFDX

	Symbol	Grade	Weight
	UL	D	-1.17%
	NVS	F	-0.65%
	HSBH	C	-0.4%
	MFG	B	-0.31%
	ARM	D	-0.28%
	BCS	B	-0.26%
	GRMN	A	-0.25%
	SMFG	B	-0.24%
	TM	F	-0.2%
	WCN	A	-0.19%
	SE	B	-0.18%
	HMC	F	-0.18%
	SPOT	A	-0.17%
	CNI	F	-0.15%
	LOGI	F	-0.14%
	DEO	F	-0.14%
	CHKP	D	-0.12%
	TEVA	D	-0.11%
	LYG	D	-0.1%
	GOLD	F	-0.1%
	RBA	B	-0.1%
	WFG	D	-0.08%
	E	F	-0.08%
	ICLR	F	-0.08%
	LULU	C	-0.07%
	CCEP	C	-0.06%
	STLA	F	-0.06%
	NMR	C	-0.06%
	WIX	B	-0.05%
	AGCO	F	-0.04%
	QGEN	D	-0.04%
	ALV	C	-0.04%
	PDS	F	-0.03%
	MNDY	C	-0.03%
	AEI	D	-0.03%
	CYBR	B	-0.03%
	ASND	F	-0.02%
	DOOO	F	-0.02%
	FRO	D	-0.02%
	SONY	C	-0.02%
	CSIQ	F	-0.01%
	SFL	F	-0.01%
	YY	C	-0.01%
	MBAVU	C	-0.0%

BIV: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Banks - Regional - US Diversified Industrials REIT - Retail Asset Management Drug Manufacturers - Major Insurance - Property & Casualty Banks - Global Packaged Foods REIT - Office Semiconductors Specialty Chemicals Specialty Retail Business Services Credit Services Insurance - Life REIT - Residential Capital Markets Aerospace & Defense Diagnostics & Research

Keywords: S&P 500 Nasdaq 100 Natural Gas Real Estate Investment Trust Insurance Bank Electricity Dow Jones Component Banking Insurance Products Electronics Aerospace Computing Chemical Investment Bank Plastic Financial Products Commercial Banking Mining Telecommunications

MFDX: Top Represented Industries & Keywords

Industries: Auto Manufacturers Banks - Global Internet Content & Information Diagnostics & Research Drug Manufacturers - Major Semiconductors Shipping & Ports Software - Application Airports & Air Services Apparel Stores Auto Parts Banks - Regional - Asia Banks - Regional - Europe Beverages - Soft Drinks Beverages - Wineries & Distilleries Biotechnology Business Services Capital Markets Computer Systems Consumer Electronics

Keywords: S&P 500 Nasdaq 100 Asset Management Bank Banking Biotechnology Computing Financial Products Investment Banking Investment Banking Services Transport Advisory Services Automotive Industry Cars Cash Management Services Corporate Banking Gas Exploration IBD 50 Insurance Products Investment Bank