BND vs. ACWI ETF Comparison

Comparison of Vanguard Total Bond Market ETF (BND) to iShares MSCI ACWI Index Fund (ACWI)

BND

Vanguard Total Bond Market ETF

BND Description

The investment seeks the performance of a broad, market-weighted bond index. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. Aggregate Float Adjusted Index. This Index represents a wide spectrum of public, investment-grade, taxable, fixed income securities in the United States-including government, corporate, and international dollar-denominated bonds, as well as mortgage-backed and asset-backed securities-all with maturities of more than 1 year. 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

$72.58

Average Daily Volume

5,867,123

Number of Holdings ^*

545

* may have additional holdings in another (foreign) market

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

$120.18

Average Daily Volume

1,898,594

Number of Holdings ^*

616

* may have additional holdings in another (foreign) market

Performance

Period	BND	ACWI
30 Days	-0.79%	0.17%
60 Days	-3.05%	1.91%
90 Days	-2.04%	2.66%
12 Months	6.06%	25.12%

377 Overlapping Holdings

Symbol	Grade	Weight in BND	Weight in ACWI	Overlap
A	D	0.01%	0.05%	0.01%
AAPL	C	0.01%	4.24%	0.01%
ABBV	F	0.01%	0.38%	0.01%
ABT	B	0.01%	0.26%	0.01%
ACGL	C	0.01%	0.05%	0.01%
ADBE	C	0.01%	0.28%	0.01%
ADI	D	0.01%	0.14%	0.01%
ADM	D	0.01%	0.03%	0.01%
ADP	A	0.01%	0.15%	0.01%
ADSK	A	0.01%	0.08%	0.01%
AEE	A	0.01%	0.03%	0.01%
AEP	C	0.01%	0.06%	0.01%
AES	F	0.01%	0.01%	0.01%
AFG	A	0.01%	0.01%	0.01%
AFL	B	0.01%	0.08%	0.01%
AIG	B	0.01%	0.07%	0.01%
AIZ	A	0.01%	0.02%	0.01%
AJG	A	0.01%	0.08%	0.01%
ALB	B	0.01%	0.02%	0.01%
ALL	A	0.01%	0.07%	0.01%
ALLE	C	0.01%	0.02%	0.01%
ALLY	C	0.01%	0.01%	0.01%
AMAT	F	0.01%	0.18%	0.01%
AMCR	C	0.01%	0.02%	0.01%
AMGN	F	0.01%	0.19%	0.01%
AMH	C	0.01%	0.02%	0.01%
AMP	A	0.01%	0.07%	0.01%
AMT	C	0.01%	0.12%	0.01%
AMZN	C	0.01%	2.45%	0.01%
AON	A	0.01%	0.1%	0.01%
APD	A	0.01%	0.09%	0.01%
APH	A	0.01%	0.11%	0.01%
APO	B	0.01%	0.09%	0.01%
APTV	F	0.01%	0.02%	0.01%
ARE	F	0.01%	0.02%	0.01%
ATO	A	0.01%	0.03%	0.01%
AVB	B	0.01%	0.04%	0.01%
AVGO	D	0.01%	0.93%	0.01%
AVY	F	0.01%	0.02%	0.01%
AWK	C	0.01%	0.03%	0.01%
AXP	A	0.01%	0.21%	0.01%
AZO	C	0.01%	0.07%	0.01%
BA	F	0.01%	0.14%	0.01%
BABA	D	0.01%	0.21%	0.01%
BAC	A	0.01%	0.42%	0.01%
BAX	F	0.01%	0.02%	0.01%
BBY	D	0.01%	0.02%	0.01%
BDX	F	0.01%	0.08%	0.01%
BEN	C	0.01%	0.01%	0.01%
BG	D	0.01%	0.02%	0.01%
BIDU	F	0.01%	0.03%	0.01%
BIIB	F	0.01%	0.03%	0.01%
BK	A	0.01%	0.07%	0.01%
BKNG	A	0.01%	0.22%	0.01%
BLK	B	0.01%	0.19%	0.01%
BMY	B	0.01%	0.15%	0.01%
BR	A	0.01%	0.04%	0.01%
BRO	B	0.01%	0.03%	0.01%
BSX	A	0.01%	0.17%	0.01%
BXP	C	0.01%	0.01%	0.01%
C	A	0.01%	0.17%	0.01%
CAG	F	0.01%	0.02%	0.01%
CAH	B	0.01%	0.04%	0.01%
CARR	C	0.01%	0.08%	0.01%
CAT	B	0.01%	0.24%	0.01%
CB	C	0.01%	0.14%	0.01%
CBOE	C	0.01%	0.03%	0.01%
CCI	C	0.01%	0.06%	0.01%
CDNS	B	0.01%	0.11%	0.01%
CE	F	0.01%	0.01%	0.01%
CF	A	0.01%	0.02%	0.01%
CFG	B	0.01%	0.03%	0.01%
CHD	A	0.01%	0.03%	0.01%
CHRW	B	0.01%	0.02%	0.01%
CHTR	C	0.01%	0.05%	0.01%
CI	D	0.01%	0.12%	0.01%
CINF	A	0.01%	0.03%	0.01%
CL	D	0.01%	0.09%	0.01%
CLX	A	0.01%	0.03%	0.01%
CMCSA	B	0.01%	0.21%	0.01%
CME	B	0.01%	0.1%	0.01%
CMI	A	0.01%	0.06%	0.01%
CMS	C	0.01%	0.02%	0.01%
CNH	C	0.01%	0.01%	0.01%
CNP	A	0.01%	0.03%	0.01%
COF	C	0.01%	0.09%	0.01%
COO	D	0.01%	0.03%	0.01%
COP	C	0.01%	0.17%	0.01%
COST	A	0.01%	0.53%	0.01%
CPB	D	0.01%	0.01%	0.01%
CPT	B	0.01%	0.02%	0.01%
CRM	B	0.01%	0.4%	0.01%
CSCO	B	0.01%	0.29%	0.01%
CSL	C	0.01%	0.03%	0.01%
CSX	C	0.01%	0.09%	0.01%
CTAS	B	0.01%	0.1%	0.01%
CTVA	C	0.01%	0.05%	0.01%
CVS	D	0.01%	0.09%	0.01%
CVX	A	0.01%	0.36%	0.01%
D	C	0.01%	0.06%	0.01%
DAL	B	0.01%	0.01%	0.01%
DD	C	0.01%	0.04%	0.01%
DE	B	0.01%	0.13%	0.01%
DELL	B	0.01%	0.05%	0.01%
DFS	B	0.01%	0.06%	0.01%
DG	F	0.01%	0.02%	0.01%
DGX	A	0.01%	0.02%	0.01%
DHI	F	0.01%	0.06%	0.01%
DHR	F	0.01%	0.2%	0.01%
DIS	B	0.01%	0.26%	0.01%
DLR	B	0.01%	0.08%	0.01%
DLTR	F	0.01%	0.02%	0.01%
DOC	C	0.01%	0.02%	0.01%
DOV	A	0.01%	0.04%	0.01%
DOW	F	0.01%	0.04%	0.01%
DRI	B	0.01%	0.03%	0.01%
DT	D	0.01%	0.02%	0.01%
DTE	C	0.01%	0.03%	0.01%
DUK	C	0.01%	0.11%	0.01%
DVN	F	0.01%	0.03%	0.01%
EA	A	0.01%	0.05%	0.01%
EBAY	D	0.01%	0.04%	0.01%
ECL	D	0.01%	0.08%	0.01%
ED	C	0.01%	0.04%	0.01%
EFX	F	0.01%	0.04%	0.01%
EG	C	0.01%	0.02%	0.01%
EIX	B	0.01%	0.04%	0.01%
EL	F	0.01%	0.02%	0.01%
EMN	C	0.01%	0.01%	0.01%
EMR	B	0.01%	0.09%	0.01%
EOG	A	0.01%	0.1%	0.01%
EQH	C	0.01%	0.02%	0.01%
EQIX	A	0.01%	0.11%	0.01%
EQR	C	0.01%	0.03%	0.01%
ES	C	0.01%	0.03%	0.01%
ESS	B	0.01%	0.02%	0.01%
ETN	A	0.01%	0.19%	0.01%
ETR	B	0.01%	0.04%	0.01%
EVRG	A	0.01%	0.02%	0.01%
EW	C	0.01%	0.05%	0.01%
EXC	C	0.01%	0.05%	0.01%
EXPE	B	0.01%	0.03%	0.01%
EXR	C	0.01%	0.05%	0.01%
FANG	C	0.01%	0.04%	0.01%
FDX	B	0.01%	0.09%	0.01%
FE	C	0.01%	0.03%	0.01%
FIS	C	0.01%	0.06%	0.01%
FITB	B	0.01%	0.04%	0.01%
FNF	B	0.01%	0.02%	0.01%
FOXA	A	0.01%	0.01%	0.01%
FTNT	C	0.01%	0.07%	0.01%
FTV	C	0.01%	0.03%	0.01%
GD	D	0.01%	0.08%	0.01%
GE	D	0.01%	0.25%	0.01%
GILD	C	0.01%	0.14%	0.01%
GIS	D	0.01%	0.04%	0.01%
GLPI	C	0.01%	0.02%	0.01%
GLW	B	0.01%	0.05%	0.01%
GM	C	0.01%	0.08%	0.01%
GOOGL	C	0.01%	1.34%	0.01%
GPC	D	0.01%	0.02%	0.01%
GPN	B	0.01%	0.04%	0.01%
GS	A	0.01%	0.24%	0.01%
GWW	B	0.01%	0.07%	0.01%
H	B	0.01%	0.01%	0.01%
HAL	C	0.01%	0.03%	0.01%
HBAN	A	0.01%	0.03%	0.01%
HCA	F	0.01%	0.09%	0.01%
HD	B	0.01%	0.52%	0.01%
HES	B	0.01%	0.05%	0.01%
HIG	B	0.01%	0.05%	0.01%
HII	F	0.01%	0.01%	0.01%
HON	C	0.01%	0.19%	0.01%
HPE	B	0.01%	0.03%	0.01%
HPQ	B	0.01%	0.05%	0.01%
HRL	D	0.01%	0.01%	0.01%
HST	C	0.01%	0.02%	0.01%
HSY	F	0.01%	0.03%	0.01%
HUBB	B	0.01%	0.03%	0.01%
HUM	C	0.01%	0.04%	0.01%
IBM	C	0.01%	0.24%	0.01%
ICE	C	0.01%	0.11%	0.01%
IEX	C	0.01%	0.02%	0.01%
IFF	D	0.01%	0.03%	0.01%
ILMN	C	0.01%	0.03%	0.01%
INTC	C	0.01%	0.13%	0.01%
INTU	B	0.01%	0.23%	0.01%
INVH	D	0.01%	0.03%	0.01%
IP	A	0.01%	0.02%	0.01%
IPG	D	0.01%	0.01%	0.01%
ITW	B	0.01%	0.1%	0.01%
JBHT	C	0.01%	0.02%	0.01%
JBL	C	0.01%	0.02%	0.01%
JCI	B	0.01%	0.07%	0.01%
JNJ	C	0.01%	0.47%	0.01%
JNPR	D	0.01%	0.01%	0.01%
JPM	A	0.01%	0.89%	0.01%
K	A	0.01%	0.03%	0.01%
KDP	F	0.01%	0.05%	0.01%
KEY	B	0.01%	0.02%	0.01%
KEYS	A	0.01%	0.03%	0.01%
KIM	A	0.01%	0.02%	0.01%
KLAC	F	0.01%	0.11%	0.01%
KMB	C	0.01%	0.06%	0.01%
KMI	A	0.01%	0.07%	0.01%
KO	D	0.01%	0.33%	0.01%
KR	B	0.01%	0.05%	0.01%
L	A	0.01%	0.02%	0.01%
LDOS	C	0.01%	0.03%	0.01%
LEN	D	0.01%	0.05%	0.01%
LH	B	0.01%	0.03%	0.01%
LHX	C	0.01%	0.06%	0.01%
LII	A	0.01%	0.03%	0.01%
LIN	C	0.01%	0.27%	0.01%
LLY	F	0.01%	0.75%	0.01%
LMT	D	0.01%	0.15%	0.01%
LNT	A	0.01%	0.02%	0.01%
LOW	C	0.01%	0.19%	0.01%
LRCX	F	0.01%	0.12%	0.01%
LUV	C	0.01%	0.01%	0.01%
LVS	B	0.01%	0.02%	0.01%
LYB	F	0.01%	0.03%	0.01%
MA	B	0.01%	0.55%	0.01%
MAA	B	0.01%	0.02%	0.01%
MAR	A	0.01%	0.09%	0.01%
MAS	D	0.01%	0.02%	0.01%
MCD	D	0.01%	0.27%	0.01%
MCHP	F	0.01%	0.04%	0.01%
MCK	A	0.01%	0.1%	0.01%
MCO	B	0.01%	0.1%	0.01%
MDLZ	F	0.01%	0.11%	0.01%
MDT	D	0.01%	0.14%	0.01%
MET	A	0.01%	0.07%	0.01%
MKC	C	0.01%	0.02%	0.01%
MKL	A	0.01%	0.03%	0.01%
MLM	C	0.01%	0.05%	0.01%
MMC	B	0.01%	0.14%	0.01%
MMM	D	0.01%	0.09%	0.01%
MO	A	0.01%	0.12%	0.01%
MOS	F	0.01%	0.01%	0.01%
MPC	D	0.01%	0.07%	0.01%
MRK	D	0.01%	0.31%	0.01%
MRO	B	0.01%	0.02%	0.01%
MRVL	B	0.01%	0.1%	0.01%
MS	A	0.01%	0.21%	0.01%
MSFT	D	0.01%	3.76%	0.01%
MSI	B	0.01%	0.1%	0.01%
MTB	A	0.01%	0.05%	0.01%
MU	D	0.01%	0.14%	0.01%
MUFG	B	0.01%	0.17%	0.01%
NDAQ	A	0.01%	0.04%	0.01%
NEE	C	0.01%	0.2%	0.01%
NEM	D	0.01%	0.06%	0.01%
NI	A	0.01%	0.02%	0.01%
NKE	F	0.01%	0.11%	0.01%
NOC	D	0.01%	0.09%	0.01%
NOW	A	0.01%	0.27%	0.01%
NSC	B	0.01%	0.07%	0.01%
NTAP	C	0.01%	0.03%	0.01%
NTRS	A	0.01%	0.03%	0.01%
NUE	C	0.01%	0.04%	0.01%
NVDA	B	0.01%	4.62%	0.01%
NVR	D	0.01%	0.04%	0.01%
NXPI	D	0.01%	0.07%	0.01%
O	C	0.01%	0.06%	0.01%
OC	A	0.01%	0.02%	0.01%
OKE	A	0.01%	0.08%	0.01%
OMC	C	0.01%	0.03%	0.01%
ORCL	A	0.01%	0.4%	0.01%
ORLY	B	0.01%	0.09%	0.01%
OTIS	C	0.01%	0.05%	0.01%
PCAR	B	0.01%	0.07%	0.01%
PCG	A	0.01%	0.05%	0.01%
PEG	A	0.01%	0.06%	0.01%
PEP	F	0.01%	0.27%	0.01%
PFE	F	0.01%	0.18%	0.01%
PFG	D	0.01%	0.03%	0.01%
PG	C	0.01%	0.51%	0.01%
PGR	A	0.01%	0.19%	0.01%
PH	A	0.01%	0.11%	0.01%
PHM	D	0.01%	0.04%	0.01%
PKG	A	0.01%	0.03%	0.01%
PLD	F	0.01%	0.14%	0.01%
PM	B	0.01%	0.25%	0.01%
PNC	B	0.01%	0.1%	0.01%
PNR	A	0.01%	0.02%	0.01%
PPG	F	0.01%	0.04%	0.01%
PPL	A	0.01%	0.03%	0.01%
PRU	A	0.01%	0.06%	0.01%
PSA	C	0.01%	0.07%	0.01%
PSX	C	0.01%	0.07%	0.01%
PWR	A	0.01%	0.06%	0.01%
PYPL	B	0.01%	0.11%	0.01%
QCOM	F	0.01%	0.23%	0.01%
QRVO	F	0.01%	0.01%	0.01%
REG	A	0.01%	0.02%	0.01%
REGN	F	0.01%	0.1%	0.01%
RF	A	0.01%	0.03%	0.01%
RJF	A	0.01%	0.04%	0.01%
ROK	C	0.01%	0.04%	0.01%
ROP	B	0.01%	0.08%	0.01%
ROST	D	0.01%	0.06%	0.01%
RPM	A	0.01%	0.02%	0.01%
RPRX	D	0.01%	0.01%	0.01%
RS	B	0.01%	0.02%	0.01%
RSG	A	0.01%	0.06%	0.01%
RTX	D	0.01%	0.2%	0.01%
SBUX	A	0.01%	0.14%	0.01%
SCHW	B	0.01%	0.15%	0.01%
SHW	B	0.01%	0.11%	0.01%
SJM	D	0.01%	0.01%	0.01%
SLB	C	0.01%	0.08%	0.01%
SNA	A	0.01%	0.03%	0.01%
SO	C	0.01%	0.12%	0.01%
SPG	A	0.01%	0.08%	0.01%
SPGI	C	0.01%	0.21%	0.01%
SRE	A	0.01%	0.08%	0.01%
STE	D	0.01%	0.03%	0.01%
STLD	B	0.01%	0.03%	0.01%
STT	B	0.01%	0.04%	0.01%
STZ	D	0.01%	0.05%	0.01%
SUI	C	0.01%	0.02%	0.01%
SWK	D	0.01%	0.02%	0.01%
SWKS	F	0.01%	0.02%	0.01%
SYF	B	0.01%	0.03%	0.01%
SYK	B	0.01%	0.17%	0.01%
SYY	D	0.01%	0.05%	0.01%
T	A	0.01%	0.21%	0.01%
TAP	C	0.01%	0.01%	0.01%
TDY	B	0.01%	0.03%	0.01%
TEL	B	0.01%	0.06%	0.01%
TFC	A	0.01%	0.08%	0.01%
TGT	F	0.01%	0.09%	0.01%
TJX	A	0.01%	0.17%	0.01%
TME	D	0.01%	0.01%	0.01%
TMO	F	0.01%	0.25%	0.01%
TMUS	B	0.01%	0.16%	0.01%
TRMB	B	0.01%	0.02%	0.01%
TRV	B	0.01%	0.07%	0.01%
TSCO	D	0.01%	0.04%	0.01%
TSN	B	0.01%	0.02%	0.01%
TT	A	0.01%	0.12%	0.01%
TXN	C	0.01%	0.23%	0.01%
TXT	D	0.01%	0.02%	0.01%
UDR	B	0.01%	0.02%	0.01%
UHS	D	0.01%	0.02%	0.01%
UNH	B	0.01%	0.68%	0.01%
UNP	C	0.01%	0.18%	0.01%
UPS	C	0.01%	0.12%	0.01%
USB	A	0.01%	0.1%	0.01%
V	A	0.01%	0.63%	0.01%
VLO	C	0.01%	0.06%	0.01%
VMC	B	0.01%	0.05%	0.01%
VRSK	A	0.01%	0.05%	0.01%
VRSN	C	0.01%	0.02%	0.01%
VTR	B	0.01%	0.03%	0.01%
VTRS	A	0.01%	0.02%	0.01%
VZ	C	0.01%	0.22%	0.01%
WAB	B	0.01%	0.04%	0.01%
WBA	F	0.01%	0.01%	0.01%
WEC	A	0.01%	0.04%	0.01%
WELL	A	0.01%	0.11%	0.01%
WFC	A	0.01%	0.33%	0.01%
WIT	B	0.09%	0.01%	0.01%
WLK	D	0.01%	0.01%	0.01%
WM	B	0.01%	0.11%	0.01%
WMB	A	0.01%	0.09%	0.01%
WMT	A	0.01%	0.49%	0.01%
WPC	C	0.01%	0.02%	0.01%
WRB	A	0.01%	0.02%	0.01%
WTRG	B	0.01%	0.01%	0.01%
WY	F	0.01%	0.03%	0.01%
XEL	A	0.01%	0.05%	0.01%
XOM	B	0.01%	0.68%	0.01%
XYL	D	0.01%	0.04%	0.01%
ZBH	C	0.01%	0.03%	0.01%
ZTS	D	0.01%	0.1%	0.01%

BND Overweight 168 Positions Relative to ACWI

Symbol	Grade	Weight
LXP	D	0.01%
PAA	B	0.01%
NFG	A	0.01%
OSK	C	0.01%
ORI	A	0.01%
OCSL	F	0.01%
NYC	D	0.01%
NWE	B	0.01%
MCY	A	0.01%
PDM	D	0.01%
GSBD	F	0.01%
HUN	F	0.01%
HRB	D	0.01%
HPP	F	0.01%
INGR	C	0.01%
JBLU	F	0.01%
ET	A	0.01%
FSK	A	0.01%
CAF	D	0.01%
BWA	D	0.01%
FHN	A	0.01%
CUBE	C	0.01%
FAF	A	0.01%
FLEX	B	0.01%
DSS	F	0.01%
COKE	C	0.01%
AL	B	0.01%
AYI	B	0.01%
AWH	F	0.01%
CM	A	0.01%
AVA	A	0.01%
AER	A	0.01%
CHI	A	0.01%
BKH	A	0.01%
BHF	C	0.01%
BERY	C	0.01%
CP	F	0.01%
THG	A	0.01%
ZION	B	0.01%
NOV	C	0.01%
NNN	C	0.01%
OHI	C	0.01%
OGS	A	0.01%
OGE	A	0.01%
LEA	F	0.01%
MPLX	A	0.01%
IVZ	B	0.01%
JLL	D	0.01%
GL	C	0.01%
JHG	B	0.01%
JEF	A	0.01%
JD	D	0.01%
KMT	B	0.01%
KMPR	A	0.01%
GBDC	D	0.01%
UNM	A	0.01%
WB	D	0.01%
UBS	B	0.01%
VNT	C	0.01%
WTFC	A	0.01%
R	B	0.01%
SLG	B	0.01%
SKT	A	0.01%
SITC	D	0.01%
RL	C	0.01%
RIV	A	0.01%
SCS	C	0.01%
RGA	A	0.01%
REXR	F	0.01%
SAVE	F	0.01%
SAFE	F	0.01%
SON	F	0.01%
SNX	D	0.01%
SNV	C	0.01%
NHI	D	0.01%
NEU	D	0.01%
LNC	C	0.01%
MHK	D	0.01%
NVT	B	0.01%
GP	F	0.01%
HR	B	0.01%
HP	C	0.01%
HOG	D	0.01%
HIW	C	0.01%
HAS	D	0.01%
GXO	B	0.01%
ESGR	B	0.01%
EPRT	B	0.01%
EPR	C	0.01%
FRT	B	0.01%
BRX	A	0.01%
AAT	B	0.01%
AAP	D	0.01%
PECO	A	0.01%
EE	A	0.01%
DXC	B	0.01%
CTS	C	0.01%
FMC	D	0.01%
FLS	B	0.01%
FLO	D	0.01%
DOX	D	0.01%
BC	C	0.01%
COE	C	0.01%
CNO	B	0.01%
CNA	C	0.01%
AXS	A	0.01%
AVT	C	0.01%
CMA	B	0.01%
AGR	A	0.01%
AGO	B	0.01%
CHH	A	0.01%
BMO	A	0.01%
ARW	D	0.01%
ADC	A	0.01%
ARCC	A	0.01%
CBT	D	0.01%
AN	C	0.01%
CACC	D	0.01%
BDN	C	0.01%
BCSF	C	0.01%
AMG	B	0.01%
AAL	B	0.01%
XRAY	F	0.01%
TKR	D	0.01%
OPI	F	0.01%
LEG	F	0.01%
LAZ	B	0.01%
MP	C	0.01%
KEX	B	0.01%
KSS	F	0.01%
KRG	B	0.01%
KRC	B	0.01%
KOF	F	0.01%
WBS	A	0.01%
TSLX	C	0.01%
SWX	B	0.01%
VOYA	B	0.01%
VNO	C	0.01%
VMI	B	0.01%
STLA	F	0.01%
WU	F	0.01%
WEST	C	0.01%
VFC	C	0.01%
WHR	B	0.01%
PNW	A	0.01%
RYN	D	0.01%
SIGI	C	0.01%
RNR	C	0.01%
SF	B	0.01%
PSEC	D	0.01%
SBRA	C	0.01%
PRE	D	0.01%
MAIN	A	0.01%
UAL	A	0.01%
RY	A	0.01%
SCCO	F	0.01%
BHP	F	0.01%
DB	D	0.01%
EDC	F	0.01%
GSK	F	0.01%
EPD	A	0.01%
BNS	A	0.01%
EQNR	C	0.01%
VOD	F	0.01%
AZN	F	0.01%
NWG	A	0.01%
TD	D	0.01%
HSBC	A	0.01%

BND Underweight 239 Positions Relative to ACWI

Symbol	Grade	Weight
META	D	-1.57%
TSLA	B	-1.27%
GOOG	C	-1.16%
BRK.A	B	-0.79%
NFLX	A	-0.48%
AMD	F	-0.29%
ACN	B	-0.28%
ISRG	A	-0.24%
TM	F	-0.23%
UBER	F	-0.17%
BX	A	-0.17%
PANW	B	-0.16%
FI	A	-0.16%
PLTR	B	-0.16%
VRTX	D	-0.15%
SONY	B	-0.15%
ANET	C	-0.13%
ELV	F	-0.12%
GEV	B	-0.12%
KKR	A	-0.12%
MELI	C	-0.11%
HDB	C	-0.11%
SMFG	B	-0.11%
IBN	C	-0.1%
CMG	B	-0.1%
SNPS	B	-0.1%
CRWD	B	-0.1%
MSTR	B	-0.09%
CRH	A	-0.09%
TDG	D	-0.09%
CEG	C	-0.09%
COIN	C	-0.08%
FCX	F	-0.08%
HLT	A	-0.08%
APP	B	-0.08%
LNG	A	-0.07%
TTD	B	-0.07%
DASH	B	-0.07%
WDAY	B	-0.07%
VST	A	-0.07%
URI	C	-0.07%
FICO	B	-0.07%
ABNB	C	-0.07%
MFG	A	-0.07%
RCL	A	-0.07%
AME	A	-0.06%
AXON	A	-0.06%
KVUE	A	-0.06%
PAYX	B	-0.06%
HWM	A	-0.06%
FLUT	A	-0.06%
FAST	B	-0.06%
MSCI	C	-0.06%
CPRT	B	-0.06%
WCN	A	-0.06%
VRT	B	-0.06%
SQ	A	-0.06%
DDOG	A	-0.05%
YUM	D	-0.05%
TEAM	A	-0.05%
SNOW	B	-0.05%
MNST	C	-0.05%
IT	C	-0.05%
CTSH	B	-0.05%
CBRE	B	-0.05%
HMC	F	-0.05%
FERG	B	-0.05%
TRGP	A	-0.05%
ODFL	C	-0.05%
F	C	-0.05%
COR	B	-0.05%
IR	B	-0.05%
BKR	A	-0.05%
TPL	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%
TTWO	A	-0.04%
DXCM	C	-0.04%
ANSS	B	-0.04%
CNC	D	-0.04%
VEEV	C	-0.04%
WTW	B	-0.04%
VICI	C	-0.04%
ARES	A	-0.04%
HUBS	A	-0.04%
OXY	D	-0.04%
GRMN	B	-0.04%
TCOM	B	-0.04%
IDXX	F	-0.04%
IRM	C	-0.04%
RMD	C	-0.04%
IQV	F	-0.04%
LULU	C	-0.04%
GEHC	D	-0.04%
STX	C	-0.03%
FDS	B	-0.03%
WAT	C	-0.03%
WDC	D	-0.03%
MDB	B	-0.03%
NRG	B	-0.03%
WBD	B	-0.03%
LYV	A	-0.03%
WST	C	-0.03%
BLDR	D	-0.03%
PTC	B	-0.03%
LPLA	A	-0.03%
FCNCA	A	-0.03%
EME	A	-0.03%
CDW	F	-0.03%
RBLX	C	-0.03%
SBAC	D	-0.03%
MTD	F	-0.03%
TYL	B	-0.03%
CPAY	A	-0.03%
VLTO	C	-0.03%
CCL	A	-0.03%
TROW	B	-0.03%
EQT	B	-0.03%
GDDY	A	-0.03%
DECK	A	-0.03%
KHC	F	-0.03%
DKS	D	-0.02%
KMX	B	-0.02%
MRNA	F	-0.02%
ELS	C	-0.02%
OKTA	C	-0.02%
NDSN	B	-0.02%
Z	A	-0.02%
JKHY	D	-0.02%
AKAM	D	-0.02%
AVTR	F	-0.02%
EPAM	B	-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%
FFIV	B	-0.02%
TOST	B	-0.02%
SMCI	F	-0.02%
ACM	B	-0.02%
GGG	B	-0.02%
ENTG	D	-0.02%
UTHR	C	-0.02%
TER	F	-0.02%
DPZ	C	-0.02%
TW	A	-0.02%
SSNC	B	-0.02%
HEI	A	-0.02%
ALGN	D	-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%
MANH	D	-0.02%
GEN	B	-0.02%
EXPD	C	-0.02%
BURL	B	-0.02%
YUMC	C	-0.02%
PINS	F	-0.02%
WSM	C	-0.02%
HOOD	B	-0.02%
WSO	A	-0.02%
DKNG	B	-0.02%
BALL	F	-0.02%
NMR	B	-0.02%
ZM	C	-0.02%
BAH	F	-0.02%
PODD	C	-0.02%
FSLR	F	-0.02%
ZBRA	B	-0.02%
HOLX	D	-0.02%
TRU	D	-0.02%
ZS	B	-0.02%
CTRA	B	-0.02%
EXE	A	-0.02%
CELH	F	-0.01%
MBAVU	C	-0.01%
BILI	D	-0.01%
UHAL	D	-0.01%
PARA	C	-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%
APA	D	-0.01%
BSY	F	-0.01%
TTC	C	-0.01%
ENPH	F	-0.01%
FBIN	D	-0.01%
DVA	C	-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%
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%
CTLT	C	-0.01%
ERIE	D	-0.01%
CCK	D	-0.01%
SNAP	D	-0.01%
INCY	C	-0.01%
NWSA	A	-0.01%
CG	B	-0.01%
BMRN	F	-0.01%
OVV	B	-0.01%
NBIX	C	-0.01%
MNSO	D	-0.0%