BNDX vs. QEFA ETF Comparison

Comparison of Vanguard Total International Bond ETF (BNDX) to SPDR EURO STOXX Small Cap ETF (QEFA)

BNDX

Vanguard Total International Bond ETF

BNDX Description

The investment seeks to track the performance of a benchmark index that measures the investment return of non-U.S. dollar-denominated investment-grade bonds. The fund employs an indexing investment approach designed to track the performance of the Barclays Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). This Index provides a broad-based measure of the global, investment-grade, fixed-rate debt markets. It invests by sampling the index. 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 included in the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$50.13

Average Daily Volume

2,655,155

Number of Holdings ^*

154

* may have additional holdings in another (foreign) market

QEFA

SPDR EURO STOXX Small Cap ETF

QEFA Description

The investment seeks to track the performance of the MSCI EAFE (Europe, Australasia, Far East) Quality Mix Index. The index captures large- and mid-cap representation across 22 developed market Europe, Australasia, and Far East countries and aims to represent the performance of value, low volatility, and quality factor strategies. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in American Depositary Receipts ("ADRs") or Global Depositary Receipts ("GDRs") based on securities comprising the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$80.21

Average Daily Volume

28,782

Number of Holdings ^*

25

* may have additional holdings in another (foreign) market

Performance

Period	BNDX	QEFA
30 Days	0.65%	2.39%
60 Days	2.55%	5.16%
90 Days	3.07%	7.71%
12 Months	8.91%	19.58%

5 Overlapping Holdings

	Symbol	Grade	Weight in BNDX	Weight in QEFA	Overlap
	ABBV	C	0.01%	0.53%	0.01%
	CCEP	B	0.01%	0.08%	0.01%
	MUFG	D	0.01%	0.41%	0.01%
	SE	B	0.01%	0.01%	0.01%
	STLA	F	0.01%	0.36%	0.01%

BNDX Overweight 149 Positions Relative to QEFA

	Symbol	Grade	Weight
	SPG	B	0.01%
	SO	B	0.01%
	SLB	F	0.01%
	SCOR	F	0.01%
	RTX	C	0.01%
	ZBH	F	0.01%
	XYL	D	0.01%
	WM	D	0.01%
	WHR	D	0.01%
	WELL	C	0.01%
	WBA	F	0.01%
	VTRS	D	0.01%
	VTR	C	0.01%
	VFC	C	0.01%
	UPS	D	0.01%
	TEL	D	0.01%
	TAP	D	0.01%
	SYY	D	0.01%
	SYK	C	0.01%
	AL	D	0.01%
	AIG	D	0.01%
	CP	C	0.01%
	COF	B	0.01%
	EMR	D	0.01%
	EMN	B	0.01%
	NDAQ	A	0.01%
	MSFT	C	0.01%
	EEFT	D	0.01%
	MRK	D	0.01%
	MP	D	0.01%
	CL	D	0.01%
	EDC	D	0.01%
	ECL	B	0.01%
	DXC	C	0.01%
	DSM	B	0.01%
	MMM	B	0.01%
	MHK	C	0.01%
	CE	F	0.01%
	DIS	D	0.01%
	MET	B	0.01%
	MCO	B	0.01%
	MCK	F	0.01%
	MAN	C	0.01%
	MA	B	0.01%
	LYB	D	0.01%
	LLY	C	0.01%
	BWA	D	0.01%
	BX	B	0.01%
	PEP	C	0.01%
	ORCL	C	0.01%
	BSX	B	0.01%
	IFF	B	0.01%
	PSA	B	0.01%
	KMI	B	0.01%
	KKR	B	0.01%
	K	B	0.01%
	BMY	C	0.01%
	HOG	C	0.01%
	JNJ	C	0.01%
	BLK	B	0.01%
	BIP	B	0.01%
	PPL	C	0.01%
	PPG	D	0.01%
	PM	C	0.01%
	BDX	D	0.01%
	PFE	C	0.01%
	GM	C	0.01%
	GLW	C	0.01%
	GIS	B	0.01%
	OMC	B	0.01%
	OBND	A	0.01%
	O	C	0.01%
	BACA	D	0.01%
	AZN	D	0.01%
	ASML	F	0.01%
	APTV	D	0.01%
	APD	B	0.01%
	FDX	C	0.01%
	ITW	C	0.01%
	INTC	F	0.01%
	AON	B	0.01%
	AMT	C	0.01%
	AMGN	B	0.01%
	AMCR	B	0.01%
	ETN	C	0.01%
	NEE	C	0.01%
	DE	B	0.01%
	RY	B	0.01%
	TMO	B	0.01%
	XOM	C	0.01%
	WPC	C	0.01%
	VOD	C	0.01%
	USB	B	0.01%
	CRH	B	0.01%
	ADM	D	0.01%
	TD	B	0.01%
	MO	C	0.01%
	AAPL	C	0.01%
	DOV	B	0.01%
	DOW	D	0.01%
	CB	B	0.01%
	DHY	B	0.01%
	DHR	B	0.01%
	MDT	C	0.01%
	MDLZ	B	0.01%
	MCD	B	0.01%
	KO	C	0.01%
	LIN	B	0.01%
	CAF	F	0.01%
	BKNG	C	0.01%
	BHP	D	0.01%
	BG	D	0.01%
	HON	D	0.01%
	IBM	B	0.01%
	JCI	B	0.01%
	BAX	C	0.01%
	GE	B	0.01%
	PG	C	0.01%
	GSK	C	0.01%
	PLD	C	0.01%
	PH	B	0.01%
	EQNR	F	0.01%
	DB	B	0.01%
	FIS	B	0.01%
	BAC	D	0.01%
	GS	C	0.01%
	BMO	C	0.01%
	BNS	B	0.01%
	KSA	C	0.01%
	DLR	B	0.01%
	MS	D	0.01%
	ABT	C	0.01%
	T	C	0.01%
	UBS	C	0.01%
	WMT	C	0.01%
	WFC	D	0.01%
	VZ	B	0.01%
	SEB	D	0.01%
	C	D	0.01%
	EDF	C	0.01%
	DT	C	0.01%
	CMCSA	D	0.01%
	NWG	C	0.01%
	HSBC	B	0.01%
	CM	B	0.01%
	JPM	D	0.01%
	COE	C	0.01%
	CAN	D	0.01%
	BGB	B	0.01%

BNDX Underweight 20 Positions Relative to QEFA

	Symbol	Grade	Weight
	NVS	C	-1.95%
	UL	C	-1.59%
	DEO	C	-0.43%
	CHKP	B	-0.39%
	MFG	D	-0.39%
	E	C	-0.37%
	TM	F	-0.37%
	SMFG	D	-0.32%
	LYG	B	-0.25%
	BCS	B	-0.25%
	QGEN	C	-0.23%
	HMC	D	-0.21%
	SONY	C	-0.21%
	MT	D	-0.11%
	LOGI	D	-0.08%
	NMR	D	-0.05%
	AER	B	-0.04%
	MBAVU	C	-0.03%
	AGCO	D	-0.02%
	TEVA	C	-0.0%

BNDX: Top Represented Industries & Keywords

Industries: Banks - Global Drug Manufacturers - Major Diversified Industrials Medical Devices Specialty Chemicals Chemicals Telecom Services Asset Management Beverages - Soft Drinks Business Services Capital Markets Utilities - Regulated Electric Auto Manufacturers Auto Parts Credit Services Diagnostics & Research Electronic Components Farm Products Home Furnishings & Fixtures Household & Personal Products

Keywords: S&P 500 Dow Jones Component Bank Banking Nasdaq 100 Financial Products Investment Bank Investment Banking Medicine Pharmaceutical Products Chemical Commercial Banking Insurance Products Alcohol Cash Management Exchange Traded Fund Refrigeration Acid Computing ETF

QEFA: Top Represented Industries & Keywords

Industries: Auto Manufacturers Banks - Global Drug Manufacturers - Major Airports & Air Services Banks - Regional - Asia Banks - Regional - Europe Beverages - Soft Drinks Beverages - Wineries & Distilleries Capital Markets Computer Systems Consumer Electronics Diagnostics & Research Drug Manufacturers - Specialty & Generic Electronic Gaming & Multimedia Farm & Construction Equipment Household & Personal Products Oil & Gas Integrated Software - Application Steel

Keywords: Asset Management Bank Banking Financial Products Investment Banking Investment Banking Services Advisory Services Cars Cash Management Services Corporate Banking Insurance Products Investment Bank Investment Product Pharmaceutical Structured Finance Active Pharmaceutical Ingredients Alcohol Asset And Liability Management Asset Management Services Automotive Industry