IUS vs. VCIT ETF Comparison

Comparison of Invesco Strategic US ETF (IUS) to Vanguard Intermediate-Term Corporate Bond ETF (VCIT)

IUS

Invesco Strategic US ETF

IUS Description

The investment seeks to track the investment results (before fees and expenses) of the Invesco Strategic US Index (the "underlying index"). The fund generally will invest at least 80% of its total assets in securities that comprise the underlying index. It generally invests in all of the securities comprising its underlying index in proportion to their weightings in the underlying index. The underlying index is designed to measure the performance of equity securities issued by higher quality, large-business-sized companies designated as U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$51.60

Average Daily Volume

53,860

Number of Holdings ^*

545

* may have additional holdings in another (foreign) market

VCIT

Vanguard Intermediate-Term Corporate Bond ETF

VCIT Description

The investment seeks to track the performance of a market-weighted corporate 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 Corporate Bond Index. This index includes U.S. dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility, and financial companies, with maturities between 5 and 10 years. 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.

Grade (RS Rating)

Last Trade

$81.65

Average Daily Volume

7,164,822

Number of Holdings ^*

488

* may have additional holdings in another (foreign) market

Performance

Period	IUS	VCIT
30 Days	2.46%	-0.56%
60 Days	7.43%	-1.47%
90 Days	9.71%	0.92%
12 Months	32.57%	12.52%

290 Overlapping Holdings

	Symbol	Grade	Weight in IUS	Weight in VCIT	Overlap
	A	D	0.06%	0.02%	0.02%
	AAL	C	0.02%	0.01%	0.01%
	AAP	F	0.02%	0.01%	0.01%
	AAPL	B	4.79%	0.01%	0.01%
	ABBV	B	0.77%	0.13%	0.13%
	ABT	B	0.39%	0.02%	0.02%
	ACGL	D	0.11%	0.03%	0.03%
	ADBE	F	0.27%	0.05%	0.05%
	ADM	F	0.28%	0.05%	0.05%
	ADP	A	0.17%	0.04%	0.04%
	ADSK	A	0.07%	0.03%	0.03%
	AES	F	0.05%	0.02%	0.02%
	AFG	B	0.05%	0.02%	0.02%
	AIZ	A	0.05%	0.02%	0.02%
	ALL	B	0.25%	0.02%	0.02%
	AMAT	D	0.22%	0.04%	0.04%
	AMCR	D	0.07%	0.01%	0.01%
	AMG	C	0.04%	0.04%	0.04%
	AMGN	C	0.26%	0.01%	0.01%
	AMZN	B	2.07%	0.09%	0.09%
	AN	D	0.05%	0.02%	0.02%
	AON	B	0.16%	0.01%	0.01%
	APD	B	0.14%	0.02%	0.02%
	APH	B	0.09%	0.02%	0.02%
	APTV	F	0.06%	0.01%	0.01%
	ARW	F	0.08%	0.03%	0.03%
	AVGO	B	0.8%	0.01%	0.01%
	AVT	B	0.06%	0.02%	0.02%
	AVY	F	0.03%	0.02%	0.02%
	AXP	B	0.52%	0.11%	0.11%
	AZO	D	0.13%	0.03%	0.03%
	BA	F	0.12%	0.03%	0.03%
	BAX	F	0.07%	0.02%	0.02%
	BBY	D	0.15%	0.02%	0.02%
	BC	C	0.03%	0.03%	0.03%
	BDX	F	0.16%	0.03%	0.03%
	BEN	C	0.03%	0.04%	0.03%
	BERY	C	0.06%	0.03%	0.03%
	BG	F	0.13%	0.03%	0.03%
	BIIB	F	0.06%	0.07%	0.06%
	BKNG	B	0.41%	0.03%	0.03%
	BMY	C	0.63%	0.03%	0.03%
	BR	A	0.04%	0.04%	0.04%
	BRO	B	0.03%	0.02%	0.02%
	BSX	A	0.11%	0.01%	0.01%
	BWA	D	0.06%	0.01%	0.01%
	CAG	F	0.07%	0.01%	0.01%
	CAH	B	0.46%	0.05%	0.05%
	CARR	D	0.11%	0.04%	0.04%
	CAT	B	0.46%	0.02%	0.02%
	CB	D	0.43%	0.01%	0.01%
	CBOE	D	0.04%	0.02%	0.02%
	CE	F	0.03%	0.02%	0.02%
	CHD	C	0.04%	0.02%	0.02%
	CHRW	B	0.08%	0.03%	0.03%
	CHTR	B	0.34%	0.06%	0.06%
	CI	F	0.64%	0.02%	0.02%
	CINF	B	0.09%	0.02%	0.02%
	CLX	B	0.04%	0.01%	0.01%
	CMCSA	B	1.14%	0.02%	0.02%
	CMI	B	0.16%	0.04%	0.04%
	CMS	D	0.07%	0.02%	0.02%
	CNP	B	0.09%	0.02%	0.02%
	COP	C	0.67%	0.01%	0.01%
	COST	B	0.72%	0.07%	0.07%
	CPB	D	0.03%	0.03%	0.03%
	CRM	A	0.48%	0.07%	0.07%
	CSL	C	0.05%	0.03%	0.03%
	CSX	B	0.22%	0.02%	0.02%
	CTAS	A	0.06%	0.05%	0.05%
	CTVA	C	0.15%	0.02%	0.02%
	CVS	F	1.01%	0.02%	0.02%
	CVX	B	1.63%	0.01%	0.01%
	DAL	B	0.05%	0.03%	0.03%
	DD	D	0.15%	0.1%	0.1%
	DE	C	0.38%	0.01%	0.01%
	DELL	C	0.23%	0.04%	0.04%
	DG	F	0.08%	0.03%	0.03%
	DGX	B	0.07%	0.01%	0.01%
	DHI	D	0.18%	0.02%	0.02%
	DHR	F	0.23%	0.04%	0.04%
	DIS	C	0.49%	0.03%	0.03%
	DLTR	F	0.06%	0.07%	0.06%
	DOV	B	0.05%	0.02%	0.02%
	DOW	F	0.2%	0.01%	0.01%
	DOX	A	0.04%	0.03%	0.03%
	DRI	B	0.06%	0.02%	0.02%
	DTE	D	0.1%	0.01%	0.01%
	DVN	F	0.13%	0.01%	0.01%
	DXC	C	0.08%	0.03%	0.03%
	EA	B	0.1%	0.04%	0.04%
	EBAY	D	0.13%	0.04%	0.04%
	ECL	D	0.08%	0.01%	0.01%
	ED	D	0.15%	0.01%	0.01%
	EFX	D	0.04%	0.03%	0.03%
	EL	F	0.04%	0.02%	0.02%
	EMN	D	0.05%	0.03%	0.03%
	EMR	B	0.14%	0.01%	0.01%
	EOG	B	0.32%	0.05%	0.05%
	EQIX	B	0.1%	0.02%	0.02%
	ETN	A	0.15%	0.03%	0.03%
	EW	F	0.04%	0.03%	0.03%
	EXC	D	0.18%	0.01%	0.01%
	EXPE	B	0.13%	0.05%	0.05%
	FAF	D	0.04%	0.03%	0.03%
	FANG	D	0.15%	0.04%	0.04%
	FDX	B	0.36%	0.02%	0.02%
	FLEX	A	0.11%	0.03%	0.03%
	FOXA	B	0.15%	0.03%	0.03%
	FTNT	A	0.06%	0.02%	0.02%
	GD	B	0.2%	0.01%	0.01%
	GE	C	0.41%	0.04%	0.04%
	GILD	B	0.4%	0.01%	0.01%
	GIS	F	0.14%	0.04%	0.04%
	GM	B	0.96%	0.02%	0.02%
	GOOGL	B	3.6%	0.04%	0.04%
	GPC	F	0.06%	0.02%	0.02%
	GXO	C	0.03%	0.02%	0.02%
	H	C	0.04%	0.02%	0.02%
	HAL	D	0.09%	0.06%	0.06%
	HAS	D	0.03%	0.01%	0.01%
	HCA	D	0.25%	0.05%	0.05%
	HD	B	0.91%	0.03%	0.03%
	HES	C	0.08%	0.02%	0.02%
	HIG	C	0.17%	0.03%	0.03%
	HII	F	0.03%	0.01%	0.01%
	HON	B	0.29%	0.01%	0.01%
	HP	C	0.03%	0.03%	0.03%
	HPQ	B	0.18%	0.04%	0.04%
	HRB	D	0.03%	0.03%	0.03%
	HRL	F	0.06%	0.01%	0.01%
	HST	C	0.04%	0.03%	0.03%
	HSY	F	0.07%	0.01%	0.01%
	HUBB	B	0.03%	0.01%	0.01%
	HUM	F	0.23%	0.01%	0.01%
	HUN	F	0.03%	0.02%	0.02%
	IBM	D	0.53%	0.01%	0.01%
	IFF	F	0.08%	0.02%	0.02%
	ILMN	B	0.04%	0.03%	0.03%
	INGR	B	0.04%	0.03%	0.03%
	INTC	C	0.41%	0.05%	0.05%
	INTU	A	0.18%	0.02%	0.02%
	IPG	F	0.05%	0.02%	0.02%
	ITW	B	0.14%	0.04%	0.04%
	JBL	C	0.11%	0.03%	0.03%
	JCI	A	0.15%	0.02%	0.02%
	JNJ	D	0.94%	0.01%	0.01%
	JNPR	C	0.05%	0.03%	0.03%
	K	A	0.08%	0.02%	0.02%
	KDP	F	0.12%	0.03%	0.03%
	KEYS	A	0.05%	0.03%	0.03%
	KLAC	F	0.11%	0.04%	0.04%
	KMB	D	0.11%	0.02%	0.02%
	KMI	A	0.26%	0.01%	0.01%
	KO	D	0.46%	0.01%	0.01%
	KR	A	0.37%	0.01%	0.01%
	KSS	F	0.04%	0.03%	0.03%
	LDOS	A	0.07%	0.05%	0.05%
	LEA	F	0.05%	0.02%	0.02%
	LEN	D	0.21%	0.01%	0.01%
	LH	A	0.09%	0.01%	0.01%
	LHX	A	0.15%	0.01%	0.01%
	LIN	D	0.4%	0.03%	0.03%
	LLY	D	0.24%	0.03%	0.03%
	LMT	D	0.49%	0.04%	0.04%
	LOW	B	0.49%	0.01%	0.01%
	LRCX	D	0.15%	0.04%	0.04%
	LUV	B	0.03%	0.01%	0.01%
	LVS	C	0.06%	0.04%	0.04%
	LYB	F	0.13%	0.03%	0.03%
	MA	A	0.45%	0.03%	0.03%
	MAR	A	0.15%	0.01%	0.01%
	MAS	D	0.04%	0.02%	0.02%
	MCD	D	0.3%	0.01%	0.01%
	MCO	C	0.07%	0.02%	0.02%
	MDLZ	F	0.24%	0.02%	0.02%
	MDT	C	0.37%	0.02%	0.02%
	MHK	D	0.05%	0.02%	0.02%
	MKC	D	0.05%	0.01%	0.01%
	MKL	B	0.09%	0.01%	0.01%
	MLM	B	0.05%	0.01%	0.01%
	MMC	C	0.17%	0.04%	0.04%
	MMM	C	0.27%	0.02%	0.02%
	MO	B	0.34%	0.02%	0.02%
	MOS	C	0.1%	0.04%	0.04%
	MPC	F	0.62%	0.04%	0.04%
	MRK	F	0.42%	0.06%	0.06%
	MRO	B	0.14%	0.05%	0.05%
	MRVL	B	0.09%	0.03%	0.03%
	MSFT	C	2.71%	0.23%	0.23%
	MSI	A	0.08%	0.02%	0.02%
	MU	C	0.19%	0.03%	0.03%
	NDAQ	B	0.05%	0.03%	0.03%
	NEM	D	0.15%	0.05%	0.05%
	NFG	C	0.03%	0.01%	0.01%
	NKE	F	0.27%	0.04%	0.04%
	NOC	C	0.22%	0.02%	0.02%
	NOV	D	0.02%	0.02%	0.02%
	NOW	B	0.1%	0.07%	0.07%
	NSC	B	0.16%	0.01%	0.01%
	NTAP	C	0.06%	0.03%	0.03%
	NUE	C	0.21%	0.02%	0.02%
	NVDA	B	0.95%	0.06%	0.06%
	NVR	D	0.08%	0.05%	0.05%
	OC	B	0.07%	0.02%	0.02%
	OGS	C	0.03%	0.01%	0.01%
	OKE	A	0.16%	0.01%	0.01%
	OMC	B	0.07%	0.03%	0.03%
	ORCL	A	0.32%	0.02%	0.02%
	ORLY	B	0.13%	0.01%	0.01%
	OSK	B	0.03%	0.02%	0.02%
	OTIS	B	0.05%	0.04%	0.04%
	PEP	F	0.44%	0.02%	0.02%
	PFE	F	0.7%	0.03%	0.03%
	PG	D	0.74%	0.04%	0.04%
	PGR	B	0.3%	0.01%	0.01%
	PH	B	0.13%	0.05%	0.05%
	PHM	D	0.11%	0.03%	0.03%
	PKG	B	0.07%	0.02%	0.02%
	PM	C	0.38%	0.02%	0.02%
	PPG	F	0.08%	0.02%	0.02%
	PSA	D	0.14%	0.01%	0.01%
	PSX	F	0.44%	0.04%	0.04%
	PWR	A	0.08%	0.05%	0.05%
	PYPL	A	0.32%	0.05%	0.05%
	QCOM	C	0.32%	0.05%	0.05%
	QRVO	F	0.03%	0.05%	0.03%
	R	A	0.07%	0.02%	0.02%
	REGN	F	0.16%	0.06%	0.06%
	RGA	B	0.1%	0.03%	0.03%
	RL	B	0.04%	0.03%	0.03%
	RNR	B	0.06%	0.01%	0.01%
	ROK	B	0.05%	0.01%	0.01%
	ROP	B	0.07%	0.03%	0.03%
	ROST	D	0.11%	0.02%	0.02%
	RPM	B	0.04%	0.03%	0.03%
	RS	B	0.08%	0.02%	0.02%
	RSG	B	0.07%	0.01%	0.01%
	RTX	C	0.67%	0.01%	0.01%
	SBUX	B	0.21%	0.02%	0.02%
	SHW	B	0.14%	0.02%	0.02%
	SJM	D	0.07%	0.03%	0.03%
	SLB	D	0.17%	0.05%	0.05%
	SNA	A	0.05%	0.01%	0.01%
	SNX	B	0.12%	0.03%	0.03%
	SON	F	0.02%	0.03%	0.02%
	STE	F	0.04%	0.05%	0.04%
	STLD	B	0.13%	0.02%	0.02%
	STZ	F	0.1%	0.02%	0.02%
	SWK	F	0.08%	0.03%	0.03%
	SWKS	F	0.05%	0.03%	0.03%
	SYK	A	0.15%	0.02%	0.02%
	SYY	C	0.19%	0.05%	0.05%
	T	B	1.33%	0.05%	0.05%
	TDY	A	0.05%	0.03%	0.03%
	TGT	F	0.31%	0.02%	0.02%
	TJX	C	0.27%	0.01%	0.01%
	TMO	F	0.34%	0.03%	0.03%
	TMUS	A	0.39%	0.09%	0.09%
	TSCO	C	0.06%	0.03%	0.03%
	TSN	D	0.17%	0.06%	0.06%
	TT	A	0.12%	0.03%	0.03%
	TXN	A	0.28%	0.02%	0.02%
	TXT	D	0.07%	0.01%	0.01%
	UAL	A	0.07%	0.01%	0.01%
	UHS	D	0.07%	0.04%	0.04%
	UNH	B	1.52%	0.01%	0.01%
	UNP	D	0.26%	0.02%	0.02%
	UPS	D	0.44%	0.03%	0.03%
	URI	B	0.14%	0.04%	0.04%
	V	B	0.72%	0.03%	0.03%
	VFC	B	0.06%	0.03%	0.03%
	VLO	D	0.44%	0.03%	0.03%
	VMC	B	0.06%	0.02%	0.02%
	VRSK	A	0.08%	0.06%	0.06%
	VRSN	D	0.03%	0.04%	0.03%
	VTRS	B	0.13%	0.04%	0.04%
	VZ	D	1.13%	0.04%	0.04%
	WAB	A	0.07%	0.04%	0.04%
	WBA	F	0.14%	0.02%	0.02%
	WHR	B	0.07%	0.01%	0.01%
	WM	B	0.16%	0.01%	0.01%
	WMT	A	1.27%	0.01%	0.01%
	WU	F	0.02%	0.02%	0.02%
	WY	D	0.07%	0.01%	0.01%
	XEL	B	0.17%	0.01%	0.01%
	XOM	B	2.43%	0.01%	0.01%
	XYL	F	0.04%	0.02%	0.02%
	ZBH	C	0.07%	0.05%	0.05%
	ZTS	F	0.09%	0.02%	0.02%

IUS Overweight 255 Positions Relative to VCIT

	Symbol	Grade	Weight
	BRK.A	C	2.86%
	META	B	2.27%
	CSCO	A	0.74%
	F	D	0.55%
	MCK	B	0.54%
	TSLA	B	0.52%
	ACN	C	0.47%
	COR	B	0.44%
	LUMN	B	0.43%
	ELV	F	0.41%
	CNC	F	0.36%
	FI	B	0.34%
	NFLX	A	0.3%
	TRV	B	0.28%
	OXY	F	0.28%
	WBD	C	0.24%
	KHC	F	0.24%
	BX	A	0.24%
	LNG	A	0.22%
	AMD	F	0.21%
	HPE	B	0.2%
	PCAR	B	0.17%
	BKR	B	0.16%
	VST	B	0.15%
	FCX	C	0.14%
	CTSH	B	0.14%
	IP	B	0.14%
	CBRE	A	0.14%
	BLDR	D	0.13%
	CL	F	0.13%
	TRGP	A	0.13%
	GLW	B	0.13%
	ABNB	D	0.13%
	PFGC	B	0.12%
	UBER	F	0.12%
	ACI	C	0.12%
	ISRG	A	0.12%
	VRTX	A	0.12%
	UNFI	B	0.11%
	CCL	B	0.11%
	SNEX	B	0.11%
	PARA	C	0.11%
	CTRA	C	0.11%
	USFD	B	0.1%
	RCL	B	0.1%
	X	C	0.1%
	MELI	D	0.1%
	WTW	B	0.1%
	SQ	C	0.09%
	FE	D	0.09%
	DINO	F	0.09%
	WKC	D	0.09%
	HLT	A	0.09%
	PPL	B	0.09%
	EG	D	0.09%
	CF	B	0.09%
	IQV	F	0.08%
	TROW	B	0.08%
	TX	C	0.08%
	MOH	F	0.08%
	THC	B	0.08%
	EQT	B	0.08%
	LAD	B	0.08%
	OVV	D	0.08%
	EXPD	D	0.08%
	TAP	C	0.08%
	MCHP	F	0.08%
	GWW	A	0.08%
	ZIM	B	0.08%
	SW	B	0.08%
	WCN	B	0.07%
	NRG	B	0.07%
	LBRDK	B	0.07%
	IRM	C	0.07%
	GEHC	D	0.07%
	CAR	D	0.07%
	TOL	B	0.07%
	JLL	C	0.07%
	KMX	F	0.07%
	MGM	F	0.07%
	WRB	B	0.07%
	CLF	D	0.06%
	FTV	F	0.06%
	ACM	B	0.06%
	TPR	A	0.06%
	LPLA	A	0.06%
	IR	B	0.06%
	ULTA	C	0.06%
	PBF	F	0.06%
	OMF	A	0.06%
	APA	F	0.06%
	AME	A	0.06%
	CPNG	C	0.06%
	CDW	F	0.06%
	NWSA	B	0.06%
	SATS	C	0.06%
	DKS	D	0.06%
	SNPS	B	0.06%
	TWLO	A	0.06%
	PAYX	A	0.06%
	ON	D	0.06%
	J	C	0.06%
	FAST	B	0.06%
	ORI	B	0.06%
	PANW	A	0.06%
	DASH	A	0.06%
	BTU	B	0.05%
	TDS	B	0.05%
	MNST	B	0.05%
	HOLX	D	0.05%
	BFH	B	0.05%
	BALL	F	0.05%
	HWM	B	0.05%
	ANET	C	0.05%
	CCK	C	0.05%
	TMHC	A	0.05%
	GDDY	A	0.05%
	CDNS	B	0.05%
	CNX	B	0.05%
	CMG	C	0.05%
	ALB	C	0.05%
	KNX	B	0.05%
	LULU	D	0.05%
	EME	B	0.05%
	BJ	B	0.05%
	CASY	B	0.05%
	AKAM	F	0.05%
	JBHT	B	0.05%
	TPG	B	0.05%
	CZR	D	0.05%
	DVA	D	0.05%
	WCC	B	0.05%
	SSNC	C	0.05%
	ARMK	B	0.05%
	MUSA	C	0.05%
	GPI	B	0.05%
	WDAY	C	0.05%
	ODFL	B	0.05%
	ZM	A	0.05%
	LKQ	F	0.05%
	M	C	0.05%
	GRMN	B	0.05%
	APP	B	0.05%
	CPAY	B	0.05%
	NCLH	B	0.05%
	TTWO	B	0.04%
	FYBR	C	0.04%
	FFIV	B	0.04%
	FBIN	D	0.04%
	NWL	B	0.04%
	GPK	C	0.04%
	PENN	C	0.04%
	CIVI	D	0.04%
	AA	B	0.04%
	SBAC	D	0.04%
	AGCO	D	0.04%
	AR	C	0.04%
	STX	D	0.04%
	RMD	B	0.04%
	OLN	F	0.04%
	SCI	A	0.04%
	IT	B	0.04%
	RRX	B	0.04%
	PVH	C	0.04%
	MAN	F	0.04%
	WSM	F	0.04%
	GT	C	0.04%
	RH	B	0.04%
	MSCI	B	0.04%
	CACI	B	0.04%
	CHRD	F	0.04%
	WDC	C	0.04%
	BECN	B	0.04%
	BURL	C	0.04%
	CMC	B	0.04%
	LYV	B	0.04%
	ABG	B	0.04%
	BAH	B	0.04%
	THO	C	0.04%
	HSIC	F	0.04%
	CEG	D	0.04%
	UTHR	B	0.04%
	GEN	B	0.04%
	UGI	D	0.04%
	KBH	C	0.04%
	NXST	C	0.04%
	FLR	C	0.04%
	TDG	C	0.04%
	COHR	B	0.04%
	SIG	C	0.03%
	ADNT	F	0.03%
	NSIT	F	0.03%
	WST	C	0.03%
	AMKR	F	0.03%
	YUM	C	0.03%
	ALGN	F	0.03%
	ASO	F	0.03%
	RRC	C	0.03%
	PR	C	0.03%
	MTDR	C	0.03%
	ANSS	B	0.03%
	SNOW	C	0.03%
	KD	B	0.03%
	MRNA	F	0.03%
	PII	F	0.03%
	SM	C	0.03%
	HOG	F	0.03%
	RHI	C	0.03%
	VVV	B	0.03%
	WSC	C	0.03%
	GAP	C	0.03%
	DAR	C	0.03%
	DECK	B	0.03%
	MTH	D	0.03%
	AVTR	F	0.03%
	POOL	B	0.03%
	TW	B	0.03%
	BCC	B	0.03%
	TGNA	B	0.03%
	MUR	F	0.03%
	FTI	B	0.03%
	MTD	F	0.03%
	ANDE	D	0.03%
	WSO	B	0.03%
	FSLR	F	0.03%
	SAIC	B	0.03%
	JAZZ	B	0.03%
	CPRT	B	0.03%
	SKX	F	0.03%
	ALV	C	0.03%
	HTZ	D	0.03%
	POST	D	0.03%
	UFPI	C	0.03%
	JHG	A	0.03%
	NU	B	0.03%
	DAN	F	0.02%
	DXCM	D	0.02%
	ATKR	D	0.02%
	XRX	F	0.02%
	CPRI	F	0.02%
	CVI	F	0.02%
	ODP	F	0.02%
	ELAN	D	0.02%
	AMR	C	0.02%
	CNM	D	0.02%
	TER	F	0.02%
	DK	F	0.02%
	PRGO	D	0.02%
	AOS	F	0.02%
	MTN	D	0.02%
	CSGP	D	0.02%
	IAC	C	0.02%
	TNET	F	0.02%
	PINS	D	0.02%
	ARCH	B	0.02%

IUS Underweight 198 Positions Relative to VCIT

	Symbol	Grade	Weight
	DT	C	-0.28%
	WIT	B	-0.15%
	RJF	B	-0.07%
	MET	C	-0.07%
	DB	C	-0.07%
	BABA	D	-0.07%
	KOF	F	-0.06%
	BMO	B	-0.05%
	ARCC	B	-0.05%
	IEX	B	-0.05%
	TD	D	-0.05%
	BHF	B	-0.05%
	AZN	F	-0.05%
	NWG	B	-0.05%
	GS	B	-0.05%
	L	A	-0.04%
	AGR	C	-0.04%
	XRAY	F	-0.04%
	MTB	B	-0.04%
	INVH	D	-0.04%
	EXP	B	-0.04%
	CNH	D	-0.04%
	ADI	D	-0.04%
	PAA	C	-0.04%
	AER	B	-0.04%
	BLK	B	-0.04%
	MPLX	B	-0.04%
	ET	A	-0.04%
	GSK	F	-0.04%
	VOD	D	-0.04%
	KEX	C	-0.03%
	FHN	B	-0.03%
	AYI	A	-0.03%
	BNS	A	-0.03%
	RF	B	-0.03%
	SBRA	B	-0.03%
	JD	C	-0.03%
	FLS	A	-0.03%
	CNO	B	-0.03%
	CME	B	-0.03%
	CMA	B	-0.03%
	AGO	B	-0.03%
	AAT	B	-0.03%
	BDN	C	-0.03%
	TEL	B	-0.03%
	WB	D	-0.03%
	ZION	B	-0.03%
	VNT	B	-0.03%
	TRMB	A	-0.03%
	SCS	C	-0.03%
	FMC	D	-0.03%
	CFG	B	-0.03%
	WTRG	B	-0.03%
	O	D	-0.03%
	GLPI	D	-0.03%
	ICE	D	-0.03%
	FITB	B	-0.03%
	FIS	C	-0.03%
	SYF	B	-0.03%
	NI	A	-0.03%
	CCI	D	-0.03%
	NXPI	D	-0.03%
	SRE	A	-0.03%
	DLR	B	-0.03%
	AMT	F	-0.03%
	EPD	A	-0.03%
	COF	B	-0.03%
	MUFG	B	-0.03%
	UNM	B	-0.02%
	TME	D	-0.02%
	SKT	B	-0.02%
	SITC	F	-0.02%
	SAFE	F	-0.02%
	BKU	B	-0.02%
	AMH	D	-0.02%
	NVT	B	-0.02%
	HR	D	-0.02%
	EPRT	C	-0.02%
	FRT	C	-0.02%
	TKR	F	-0.02%
	RYN	D	-0.02%
	SF	B	-0.02%
	NHI	C	-0.02%
	DSS	F	-0.02%
	WBS	B	-0.02%
	VOYA	B	-0.02%
	VNO	A	-0.02%
	FSK	A	-0.02%
	EXR	D	-0.02%
	LII	A	-0.02%
	MCY	A	-0.02%
	PDM	B	-0.02%
	LEG	F	-0.02%
	LAZ	B	-0.02%
	KIM	A	-0.02%
	KRC	B	-0.02%
	REG	B	-0.02%
	PRE	C	-0.02%
	LNC	B	-0.02%
	ALLE	C	-0.02%
	AVB	A	-0.02%
	ATO	A	-0.02%
	WPC	D	-0.02%
	PFG	C	-0.02%
	SPGI	D	-0.02%
	GL	C	-0.02%
	EQR	D	-0.02%
	EPR	D	-0.02%
	FNF	C	-0.02%
	CP	F	-0.02%
	BIDU	F	-0.02%
	AWK	D	-0.02%
	VTR	B	-0.02%
	PRU	C	-0.02%
	KEY	B	-0.02%
	ESGR	B	-0.02%
	HBAN	B	-0.02%
	NTRS	B	-0.02%
	CPT	C	-0.02%
	RPRX	F	-0.02%
	SO	D	-0.02%
	JEF	B	-0.02%
	TFC	B	-0.02%
	GPN	C	-0.02%
	BXP	B	-0.02%
	AIG	C	-0.02%
	C	B	-0.02%
	GBDC	B	-0.01%
	SAVE	D	-0.01%
	OCSL	F	-0.01%
	GOOG	B	-0.01%
	PNR	B	-0.01%
	PSEC	F	-0.01%
	NEU	D	-0.01%
	KRG	B	-0.01%
	WTFC	B	-0.01%
	CBT	B	-0.01%
	KMT	B	-0.01%
	WLK	F	-0.01%
	THG	A	-0.01%
	WEC	B	-0.01%
	CHH	B	-0.01%
	ADC	B	-0.01%
	KMPR	A	-0.01%
	PNW	B	-0.01%
	LXP	D	-0.01%
	OPI	F	-0.01%
	HPP	F	-0.01%
	CUBE	D	-0.01%
	BKH	C	-0.01%
	UDR	C	-0.01%
	SWX	B	-0.01%
	OGE	A	-0.01%
	GP	F	-0.01%
	HIW	B	-0.01%
	FLO	F	-0.01%
	AXS	A	-0.01%
	PEG	D	-0.01%
	REXR	F	-0.01%
	EVRG	B	-0.01%
	ETR	B	-0.01%
	CNA	D	-0.01%
	SUI	F	-0.01%
	NNN	D	-0.01%
	EIX	D	-0.01%
	AL	B	-0.01%
	LNT	D	-0.01%
	AEP	D	-0.01%
	AEE	A	-0.01%
	OHI	B	-0.01%
	ESS	C	-0.01%
	ES	D	-0.01%
	WELL	B	-0.01%
	MAA	C	-0.01%
	ARE	D	-0.01%
	DOC	B	-0.01%
	SPG	A	-0.01%
	STT	B	-0.01%
	PLD	F	-0.01%
	USB	B	-0.01%
	DFS	B	-0.01%
	D	C	-0.01%
	DUK	D	-0.01%
	BK	B	-0.01%
	WEST	C	-0.01%
	WMB	B	-0.01%
	BRX	A	-0.01%
	SCHW	B	-0.01%
	EQH	B	-0.01%
	AFL	D	-0.01%
	PNC	A	-0.01%
	NEE	D	-0.01%
	MS	B	-0.01%
	WFC	B	-0.01%
	HSBC	C	-0.01%
	PCG	B	-0.01%
	JPM	B	-0.01%
	BAC	B	-0.01%

IUS: Top Represented Industries & Keywords

Industries: Oil & Gas E&P Software - Application Specialty Retail Diversified Industrials Business Services Information Technology Services Semiconductors Packaged Foods Specialty Chemicals Diagnostics & Research Drug Manufacturers - Major Oil & Gas Refining & Marketing Packaging & Containers Aerospace & Defense Insurance - Property & Casualty Residential Construction Telecom Services Auto Parts Credit Services Health Care Plans

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Electronics Dow Jones Component Insurance Mining Chemical Aerospace Medicine Semiconductor Telecommunications Transport Petroleum Industry Retailing Electricity Building Materials Beverage Plastic

VCIT: 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 Computing Aerospace Chemical Investment Bank Mining Plastic Financial Products Beverage Commercial Banking