KOKU vs. VCIT ETF Comparison

Comparison of Xtrackers MSCI Kokusai Equity ETF (KOKU) to Vanguard Intermediate-Term Corporate Bond ETF (VCIT)

KOKU

Xtrackers MSCI Kokusai Equity ETF

KOKU Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI Kokusai Index. The fund will normally invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the equity securities of issuers from developed markets (excluding Japan). The index is designed to track the performance of equity markets in developed markets (excluding Japan). It is non-diversified.

Grade (RS Rating)

Last Trade

$99.07

Average Daily Volume

1,495

Number of Holdings ^*

610

* 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

$84.02

Average Daily Volume

6,231,030

Number of Holdings ^*

488

* may have additional holdings in another (foreign) market

Performance

Period	KOKU	VCIT
30 Days	1.77%	2.23%
60 Days	2.31%	4.56%
90 Days	2.98%	5.55%
12 Months	24.46%	13.62%

351 Overlapping Holdings

	Symbol	Grade	Weight in KOKU	Weight in VCIT	Overlap
	A	C	0.06%	0.02%	0.02%
	AAPL	D	5.12%	0.01%	0.01%
	ABBV	B	0.54%	0.13%	0.13%
	ABBV	B	0.14%	0.13%	0.13%
	ABT	B	0.31%	0.02%	0.02%
	ACGL	A	0.06%	0.03%	0.03%
	ADBE	D	0.4%	0.05%	0.05%
	ADI	D	0.17%	0.04%	0.04%
	ADM	D	0.05%	0.05%	0.05%
	ADP	A	0.18%	0.04%	0.04%
	ADSK	B	0.09%	0.03%	0.03%
	AEE	A	0.03%	0.01%	0.01%
	AEP	A	0.08%	0.01%	0.01%
	AER	C	0.03%	0.04%	0.03%
	AES	C	0.02%	0.02%	0.02%
	AFG	B	0.01%	0.02%	0.01%
	AFL	B	0.1%	0.01%	0.01%
	AIG	D	0.08%	0.02%	0.02%
	AIZ	C	0.02%	0.02%	0.02%
	ALL	A	0.08%	0.02%	0.02%
	ALLE	A	0.02%	0.02%	0.02%
	AMAT	D	0.23%	0.04%	0.04%
	AMCR	B	0.02%	0.01%	0.01%
	AMGN	B	0.28%	0.01%	0.01%
	AMH	B	0.02%	0.02%	0.02%
	AMT	B	0.18%	0.03%	0.03%
	AMZN	C	2.55%	0.09%	0.09%
	AON	B	0.11%	0.01%	0.01%
	APD	B	0.09%	0.02%	0.02%
	APH	D	0.11%	0.02%	0.02%
	APTV	F	0.03%	0.01%	0.01%
	ARE	B	0.03%	0.01%	0.01%
	ATO	A	0.03%	0.02%	0.02%
	AVB	B	0.06%	0.02%	0.02%
	AVGO	C	0.96%	0.01%	0.01%
	AVY	B	0.03%	0.02%	0.02%
	AWK	A	0.04%	0.02%	0.02%
	AXP	B	0.23%	0.11%	0.11%
	AZO	C	0.09%	0.03%	0.03%
	BA	F	0.15%	0.03%	0.03%
	BAC	D	0.44%	0.01%	0.01%
	BAX	C	0.03%	0.02%	0.02%
	BBY	B	0.03%	0.02%	0.02%
	BDX	D	0.11%	0.03%	0.03%
	BEN	D	0.01%	0.04%	0.01%
	BG	F	0.02%	0.03%	0.02%
	BIIB	F	0.05%	0.07%	0.05%
	BK	A	0.08%	0.01%	0.01%
	BKNG	B	0.2%	0.03%	0.03%
	BLK	A	0.21%	0.04%	0.04%
	BMY	C	0.16%	0.03%	0.03%
	BR	B	0.04%	0.04%	0.04%
	BRO	B	0.04%	0.02%	0.02%
	BSX	B	0.19%	0.01%	0.01%
	BXP	A	0.02%	0.02%	0.02%
	C	D	0.18%	0.02%	0.02%
	CAG	B	0.03%	0.01%	0.01%
	CAH	B	0.04%	0.05%	0.04%
	CARR	A	0.09%	0.04%	0.04%
	CAT	C	0.26%	0.02%	0.02%
	CB	B	0.18%	0.01%	0.01%
	CBOE	B	0.03%	0.02%	0.02%
	CCI	B	0.08%	0.03%	0.03%
	CE	D	0.02%	0.02%	0.02%
	CFG	C	0.03%	0.03%	0.03%
	CHD	B	0.04%	0.02%	0.02%
	CHRW	C	0.02%	0.03%	0.02%
	CHTR	D	0.05%	0.06%	0.05%
	CI	B	0.16%	0.02%	0.02%
	CINF	B	0.03%	0.02%	0.02%
	CLX	B	0.03%	0.01%	0.01%
	CMCSA	D	0.25%	0.02%	0.02%
	CME	B	0.12%	0.03%	0.03%
	CMI	C	0.06%	0.04%	0.04%
	CMS	A	0.03%	0.02%	0.02%
	CNH	C	0.02%	0.04%	0.02%
	CNP	C	0.03%	0.02%	0.02%
	COF	D	0.09%	0.03%	0.03%
	COP	F	0.2%	0.01%	0.01%
	COST	B	0.62%	0.07%	0.07%
	CPB	B	0.01%	0.03%	0.01%
	CPT	B	0.02%	0.02%	0.02%
	CRM	D	0.37%	0.07%	0.07%
	CSL	C	0.03%	0.03%	0.03%
	CSX	D	0.1%	0.02%	0.02%
	CTAS	B	0.11%	0.05%	0.05%
	CTVA	B	0.06%	0.02%	0.02%
	CVS	D	0.12%	0.02%	0.02%
	CVX	D	0.38%	0.01%	0.01%
	D	B	0.08%	0.01%	0.01%
	DAL	C	0.01%	0.03%	0.01%
	DD	B	0.05%	0.1%	0.05%
	DE	B	0.16%	0.01%	0.01%
	DELL	D	0.05%	0.04%	0.04%
	DFS	C	0.05%	0.01%	0.01%
	DG	F	0.03%	0.03%	0.03%
	DGX	B	0.03%	0.01%	0.01%
	DHI	B	0.09%	0.02%	0.02%
	DHR	B	0.29%	0.04%	0.04%
	DIS	D	0.25%	0.03%	0.03%
	DLR	A	0.07%	0.03%	0.03%
	DLTR	F	0.02%	0.07%	0.02%
	DOC	B	0.02%	0.01%	0.01%
	DOV	B	0.04%	0.02%	0.02%
	DOW	F	0.06%	0.01%	0.01%
	DRI	C	0.03%	0.02%	0.02%
	DT	C	0.02%	0.28%	0.02%
	DTE	A	0.04%	0.01%	0.01%
	DUK	B	0.14%	0.01%	0.01%
	DVN	F	0.04%	0.01%	0.01%
	EA	C	0.06%	0.04%	0.04%
	EBAY	A	0.05%	0.04%	0.04%
	ECL	A	0.1%	0.01%	0.01%
	ED	B	0.06%	0.01%	0.01%
	EFX	B	0.06%	0.03%	0.03%
	EIX	B	0.05%	0.01%	0.01%
	EL	F	0.03%	0.02%	0.02%
	EMN	A	0.02%	0.03%	0.02%
	EMR	D	0.09%	0.01%	0.01%
	EOG	D	0.11%	0.05%	0.05%
	EQH	C	0.02%	0.01%	0.01%
	EQIX	B	0.12%	0.02%	0.02%
	EQR	B	0.04%	0.02%	0.02%
	ES	B	0.04%	0.01%	0.01%
	ESS	A	0.03%	0.01%	0.01%
	ETN	C	0.18%	0.03%	0.03%
	ETR	A	0.05%	0.01%	0.01%
	EVRG	A	0.02%	0.01%	0.01%
	EW	D	0.07%	0.03%	0.03%
	EXC	A	0.06%	0.01%	0.01%
	EXPE	C	0.03%	0.05%	0.03%
	EXR	A	0.06%	0.02%	0.02%
	FANG	F	0.05%	0.04%	0.04%
	FDX	C	0.11%	0.02%	0.02%
	FIS	A	0.07%	0.03%	0.03%
	FITB	B	0.04%	0.03%	0.03%
	FNF	B	0.02%	0.02%	0.02%
	FOXA	C	0.02%	0.03%	0.02%
	FTNT	B	0.07%	0.02%	0.02%
	GD	B	0.1%	0.01%	0.01%
	GE	A	0.28%	0.04%	0.04%
	GILD	B	0.15%	0.01%	0.01%
	GIS	B	0.07%	0.04%	0.04%
	GLPI	B	0.02%	0.03%	0.02%
	GM	C	0.09%	0.02%	0.02%
	GOOG	D	1.23%	0.01%	0.01%
	GOOGL	D	1.41%	0.04%	0.04%
	GPC	D	0.03%	0.02%	0.02%
	GPN	C	0.04%	0.02%	0.02%
	GS	D	0.25%	0.05%	0.05%
	H	D	0.01%	0.02%	0.01%
	HAL	F	0.04%	0.06%	0.04%
	HBAN	B	0.03%	0.02%	0.02%
	HCA	A	0.12%	0.05%	0.05%
	HD	B	0.57%	0.03%	0.03%
	HES	F	0.05%	0.02%	0.02%
	HIG	B	0.06%	0.03%	0.03%
	HII	D	0.01%	0.01%	0.01%
	HON	D	0.21%	0.01%	0.01%
	HPQ	D	0.05%	0.04%	0.04%
	HRL	C	0.02%	0.01%	0.01%
	HST	D	0.02%	0.03%	0.02%
	HSY	B	0.05%	0.01%	0.01%
	HUBB	B	0.03%	0.01%	0.01%
	HUM	F	0.07%	0.01%	0.01%
	IBM	A	0.3%	0.01%	0.01%
	ICE	B	0.14%	0.03%	0.03%
	IEX	D	0.02%	0.05%	0.02%
	IFF	B	0.04%	0.02%	0.02%
	ILMN	C	0.03%	0.03%	0.03%
	INTC	F	0.13%	0.05%	0.05%
	INTU	C	0.27%	0.02%	0.02%
	INVH	B	0.03%	0.04%	0.03%
	IPG	C	0.02%	0.02%	0.02%
	ITW	B	0.12%	0.04%	0.04%
	JBL	D	0.02%	0.03%	0.02%
	JCI	B	0.07%	0.02%	0.02%
	JNJ	B	0.63%	0.01%	0.01%
	JNPR	B	0.02%	0.03%	0.02%
	JPM	D	0.97%	0.01%	0.01%
	K	A	0.03%	0.02%	0.02%
	KDP	B	0.06%	0.03%	0.03%
	KEY	B	0.03%	0.02%	0.02%
	KEYS	C	0.04%	0.03%	0.03%
	KIM	B	0.02%	0.02%	0.02%
	KLAC	D	0.15%	0.04%	0.04%
	KMB	C	0.08%	0.02%	0.02%
	KMI	B	0.07%	0.01%	0.01%
	KO	B	0.46%	0.01%	0.01%
	KR	B	0.06%	0.01%	0.01%
	L	C	0.02%	0.04%	0.02%
	LDOS	B	0.03%	0.05%	0.03%
	LEN	B	0.07%	0.01%	0.01%
	LHX	C	0.07%	0.01%	0.01%
	LII	A	0.03%	0.02%	0.02%
	LIN	B	0.35%	0.03%	0.03%
	LLY	C	1.16%	0.03%	0.03%
	LMT	B	0.2%	0.04%	0.04%
	LNT	A	0.02%	0.01%	0.01%
	LOW	B	0.22%	0.01%	0.01%
	LRCX	F	0.16%	0.04%	0.04%
	LUV	C	0.01%	0.01%	0.01%
	LVS	D	0.03%	0.04%	0.03%
	LYB	F	0.04%	0.03%	0.03%
	MA	A	0.63%	0.03%	0.03%
	MAA	A	0.03%	0.01%	0.01%
	MAR	D	0.09%	0.01%	0.01%
	MAS	B	0.03%	0.02%	0.02%
	MCD	B	0.33%	0.01%	0.01%
	MCO	B	0.12%	0.02%	0.02%
	MDLZ	B	0.16%	0.02%	0.02%
	MDT	B	0.19%	0.02%	0.02%
	MET	B	0.07%	0.07%	0.07%
	MKC	B	0.03%	0.01%	0.01%
	MKL	C	0.03%	0.01%	0.01%
	MLM	D	0.05%	0.01%	0.01%
	MMC	A	0.18%	0.04%	0.04%
	MMM	A	0.11%	0.02%	0.02%
	MO	C	0.15%	0.02%	0.02%
	MOS	F	0.01%	0.04%	0.01%
	MPC	F	0.1%	0.04%	0.04%
	MRK	D	0.48%	0.06%	0.06%
	MRO	D	0.03%	0.05%	0.03%
	MRVL	C	0.09%	0.03%	0.03%
	MS	D	0.19%	0.01%	0.01%
	MSFT	C	4.51%	0.23%	0.23%
	MSI	B	0.11%	0.02%	0.02%
	MTB	B	0.04%	0.04%	0.04%
	MU	F	0.15%	0.03%	0.03%
	NDAQ	B	0.05%	0.03%	0.03%
	NEE	B	0.26%	0.01%	0.01%
	NEM	B	0.09%	0.05%	0.05%
	NI	A	0.02%	0.03%	0.02%
	NKE	D	0.16%	0.04%	0.04%
	NOC	B	0.12%	0.02%	0.02%
	NOW	B	0.26%	0.07%	0.07%
	NSC	C	0.09%	0.01%	0.01%
	NTAP	D	0.04%	0.03%	0.03%
	NTRS	B	0.03%	0.02%	0.02%
	NUE	D	0.05%	0.02%	0.02%
	NVDA	D	4.03%	0.06%	0.06%
	NVR	B	0.05%	0.05%	0.05%
	NXPI	F	0.09%	0.03%	0.03%
	O	B	0.09%	0.03%	0.03%
	OC	C	0.02%	0.02%	0.02%
	OKE	A	0.09%	0.01%	0.01%
	OMC	B	0.03%	0.03%	0.03%
	ORCL	B	0.37%	0.02%	0.02%
	ORLY	B	0.11%	0.01%	0.01%
	OTIS	C	0.06%	0.04%	0.04%
	PCG	B	0.06%	0.01%	0.01%
	PEG	A	0.06%	0.01%	0.01%
	PEP	B	0.39%	0.02%	0.02%
	PFE	C	0.25%	0.03%	0.03%
	PFG	C	0.03%	0.02%	0.02%
	PG	A	0.66%	0.04%	0.04%
	PGR	B	0.23%	0.01%	0.01%
	PH	B	0.12%	0.05%	0.05%
	PHM	B	0.04%	0.03%	0.03%
	PKG	B	0.03%	0.02%	0.02%
	PLD	B	0.19%	0.01%	0.01%
	PM	B	0.31%	0.02%	0.02%
	PNC	B	0.11%	0.01%	0.01%
	PNR	A	0.02%	0.01%	0.01%
	PPG	C	0.04%	0.02%	0.02%
	PRU	C	0.07%	0.02%	0.02%
	PSA	A	0.09%	0.01%	0.01%
	PSX	F	0.09%	0.04%	0.04%
	PWR	C	0.06%	0.05%	0.05%
	PYPL	B	0.11%	0.05%	0.05%
	QCOM	D	0.28%	0.05%	0.05%
	QRVO	F	0.02%	0.05%	0.02%
	REG	B	0.02%	0.02%	0.02%
	REGN	C	0.2%	0.06%	0.06%
	RF	C	0.03%	0.03%	0.03%
	RJF	C	0.03%	0.07%	0.03%
	ROK	D	0.04%	0.01%	0.01%
	ROP	B	0.09%	0.03%	0.03%
	ROST	C	0.08%	0.02%	0.02%
	RPM	B	0.02%	0.03%	0.02%
	RPRX	C	0.02%	0.02%	0.02%
	RS	D	0.02%	0.02%	0.02%
	RSG	B	0.07%	0.01%	0.01%
	RTX	C	0.25%	0.01%	0.01%
	SBUX	C	0.16%	0.02%	0.02%
	SCHW	D	0.15%	0.01%	0.01%
	SHW	A	0.14%	0.02%	0.02%
	SJM	C	0.02%	0.03%	0.02%
	SLB	F	0.09%	0.05%	0.05%
	SNA	B	0.02%	0.01%	0.01%
	SO	A	0.15%	0.02%	0.02%
	SPG	B	0.09%	0.01%	0.01%
	SPGI	A	0.25%	0.02%	0.02%
	SRE	B	0.08%	0.03%	0.03%
	STE	B	0.04%	0.05%	0.04%
	STLD	F	0.03%	0.02%	0.02%
	STT	B	0.04%	0.01%	0.01%
	STZ	C	0.07%	0.02%	0.02%
	SUI	B	0.03%	0.01%	0.01%
	SWK	B	0.02%	0.03%	0.02%
	SWKS	F	0.03%	0.03%	0.03%
	SYF	D	0.03%	0.03%	0.03%
	SYK	B	0.19%	0.02%	0.02%
	SYY	C	0.06%	0.05%	0.05%
	T	A	0.23%	0.05%	0.05%
	TD	A	0.17%	0.05%	0.05%
	TDY	B	0.03%	0.03%	0.03%
	TEL	D	0.07%	0.03%	0.03%
	TFC	D	0.09%	0.02%	0.02%
	TGT	C	0.11%	0.02%	0.02%
	TJX	B	0.21%	0.01%	0.01%
	TMO	B	0.37%	0.03%	0.03%
	TMUS	A	0.17%	0.09%	0.09%
	TRMB	C	0.02%	0.03%	0.02%
	TSCO	B	0.04%	0.03%	0.03%
	TSN	C	0.03%	0.06%	0.03%
	TT	A	0.12%	0.03%	0.03%
	TXN	D	0.28%	0.02%	0.02%
	TXT	D	0.03%	0.01%	0.01%
	UDR	B	0.02%	0.01%	0.01%
	UHS	B	0.02%	0.04%	0.02%
	UNH	C	0.87%	0.01%	0.01%
	UNP	B	0.24%	0.02%	0.02%
	UPS	D	0.14%	0.03%	0.03%
	URI	C	0.08%	0.04%	0.04%
	USB	C	0.11%	0.01%	0.01%
	V	A	0.7%	0.03%	0.03%
	VLO	F	0.07%	0.03%	0.03%
	VMC	D	0.05%	0.02%	0.02%
	VRSK	D	0.06%	0.06%	0.06%
	VRSN	D	0.03%	0.04%	0.03%
	VTR	B	0.04%	0.02%	0.02%
	VTRS	C	0.02%	0.04%	0.02%
	VZ	A	0.27%	0.04%	0.04%
	WAB	B	0.04%	0.04%	0.04%
	WBA	F	0.01%	0.02%	0.01%
	WEC	B	0.05%	0.01%	0.01%
	WELL	B	0.12%	0.01%	0.01%
	WFC	F	0.3%	0.01%	0.01%
	WLK	D	0.01%	0.01%	0.01%
	WM	D	0.13%	0.01%	0.01%
	WMB	A	0.09%	0.01%	0.01%
	WMT	B	0.54%	0.01%	0.01%
	WPC	B	0.02%	0.02%	0.02%
	WTRG	D	0.02%	0.03%	0.02%
	WY	C	0.04%	0.01%	0.01%
	XEL	B	0.05%	0.01%	0.01%
	XOM	D	0.8%	0.01%	0.01%
	XYL	D	0.05%	0.02%	0.02%
	ZBH	D	0.03%	0.05%	0.03%
	ZTS	B	0.14%	0.02%	0.02%

KOKU Overweight 259 Positions Relative to VCIT

	Symbol	Grade	Weight
	META	B	1.74%
	BRK.A	C	0.97%
	TSLA	C	0.96%
	NFLX	B	0.46%
	NVS	B	0.36%
	ACN	C	0.34%
	AMD	D	0.34%
	CSCO	C	0.31%
	ISRG	B	0.27%
	UL	A	0.26%
	UBER	C	0.21%
	ELV	B	0.2%
	VRTX	C	0.19%
	PANW	C	0.17%
	BX	A	0.15%
	ANET	C	0.14%
	CL	C	0.14%
	MELI	B	0.14%
	SHOP	C	0.13%
	TDG	B	0.12%
	KKR	B	0.12%
	CMG	C	0.12%
	CDNS	D	0.11%
	MCK	F	0.11%
	DEO	C	0.11%
	SNPS	D	0.11%
	PLTR	B	0.1%
	AJG	A	0.1%
	CNI	C	0.1%
	GEV	B	0.09%
	CEG	C	0.09%
	CRWD	D	0.09%
	HLT	B	0.09%
	FCX	D	0.09%
	LYG	B	0.08%
	ABNB	D	0.08%
	PCAR	D	0.08%
	WDAY	D	0.08%
	TRV	A	0.08%
	F	D	0.07%
	PAYX	B	0.07%
	BCS	B	0.07%
	APO	C	0.07%
	MPWR	C	0.07%
	GWW	B	0.07%
	IQV	C	0.07%
	CPRT	F	0.07%
	LNG	C	0.07%
	KVUE	B	0.07%
	TTD	B	0.07%
	AMP	B	0.07%
	FICO	A	0.07%
	WCN	B	0.07%
	MSCI	C	0.07%
	SNOW	F	0.06%
	RMD	B	0.06%
	ODFL	D	0.06%
	HWM	B	0.06%
	VICI	B	0.06%
	AME	D	0.06%
	FAST	C	0.06%
	YUM	B	0.06%
	MNST	C	0.06%
	FLUT	B	0.06%
	DASH	C	0.06%
	CTSH	B	0.06%
	RCL	B	0.06%
	CNC	C	0.06%
	IT	B	0.06%
	MCHP	D	0.06%
	IDXX	C	0.06%
	LULU	D	0.05%
	WTW	B	0.05%
	DDOG	D	0.05%
	ON	D	0.05%
	KHC	C	0.05%
	CSGP	D	0.05%
	ALNY	C	0.05%
	TRGP	B	0.05%
	MTD	D	0.05%
	SQ	D	0.05%
	GLW	C	0.05%
	IRM	A	0.05%
	VEEV	C	0.05%
	STLA	F	0.05%
	CBRE	B	0.05%
	GOLD	B	0.05%
	GEHC	C	0.05%
	BKR	D	0.05%
	OXY	F	0.05%
	IR	D	0.05%
	E	C	0.05%
	HPE	F	0.04%
	TROW	D	0.04%
	NET	D	0.04%
	PPL	A	0.04%
	MRNA	F	0.04%
	TEAM	D	0.04%
	FTV	C	0.04%
	DECK	C	0.04%
	VLTO	B	0.04%
	VRT	C	0.04%
	AXON	A	0.04%
	HUBS	D	0.04%
	FE	B	0.04%
	DXCM	F	0.04%
	ARES	C	0.04%
	TYL	B	0.04%
	SBAC	B	0.04%
	ANSS	D	0.04%
	GRMN	D	0.04%
	SE	B	0.04%
	COIN	F	0.04%
	CDW	D	0.04%
	VST	C	0.04%
	TTWO	D	0.04%
	LYV	C	0.03%
	FDS	C	0.03%
	WRB	C	0.03%
	ENTG	D	0.03%
	WBD	D	0.03%
	TPL	C	0.03%
	EXPD	D	0.03%
	LPLA	F	0.03%
	ZM	C	0.03%
	APP	B	0.03%
	IP	B	0.03%
	ULTA	D	0.03%
	FCNCA	D	0.03%
	SSNC	A	0.03%
	BAH	B	0.03%
	CHKP	B	0.03%
	EQT	D	0.03%
	CTRA	F	0.03%
	MSTR	D	0.03%
	RBLX	B	0.03%
	HOLX	B	0.03%
	STX	D	0.03%
	NRG	C	0.03%
	TRU	A	0.03%
	PINS	F	0.03%
	TER	D	0.03%
	SMCI	F	0.03%
	BLDR	C	0.03%
	MOH	C	0.03%
	FSLR	D	0.03%
	GDDY	D	0.03%
	WAT	C	0.03%
	CPAY	C	0.03%
	MDB	D	0.03%
	WDC	D	0.03%
	BALL	C	0.03%
	TEVA	C	0.03%
	SW	B	0.03%
	J	D	0.03%
	PTC	D	0.03%
	WST	F	0.03%
	TWLO	D	0.02%
	MTCH	C	0.02%
	DVA	A	0.02%
	OVV	F	0.02%
	CRL	D	0.02%
	QGEN	B	0.02%
	CTLT	B	0.02%
	AOS	D	0.02%
	MGM	D	0.02%
	TAP	C	0.02%
	HEI	A	0.02%
	EXAS	C	0.02%
	NWSA	D	0.02%
	OKTA	F	0.02%
	JKHY	A	0.02%
	TECH	D	0.02%
	DOCU	C	0.02%
	NBIX	D	0.02%
	CYBR	C	0.02%
	EPAM	D	0.02%
	KMX	D	0.02%
	INCY	C	0.02%
	FFIV	A	0.02%
	CCK	A	0.02%
	TW	A	0.02%
	TFX	B	0.02%
	POOL	C	0.02%
	DKS	D	0.02%
	ALLY	F	0.02%
	GGG	C	0.02%
	JBHT	D	0.02%
	LOGI	F	0.02%
	WSO	C	0.02%
	XRX	F	0.02%
	DPZ	D	0.02%
	ELS	B	0.02%
	PSTG	D	0.02%
	DKNG	D	0.02%
	RBA	B	0.02%
	NDSN	C	0.02%
	ENPH	D	0.02%
	ERIE	B	0.02%
	PODD	B	0.02%
	ZS	F	0.02%
	BMRN	F	0.02%
	ROL	B	0.02%
	ZBRA	C	0.02%
	HEI	A	0.02%
	ACM	B	0.02%
	UTHR	C	0.02%
	MANH	A	0.02%
	AVTR	B	0.02%
	EME	A	0.02%
	BURL	B	0.02%
	ALGN	D	0.02%
	AKAM	D	0.02%
	WSM	C	0.02%
	CCEP	B	0.02%
	EG	B	0.02%
	CCL	C	0.02%
	CF	C	0.02%
	WFG	A	0.01%
	FUTU	F	0.01%
	PARA	F	0.01%
	CELH	F	0.01%
	FOX	C	0.01%
	BBWI	F	0.01%
	UHAL	B	0.01%
	BSY	D	0.01%
	ACI	D	0.01%
	CRBG	D	0.01%
	GRAB	C	0.01%
	CHK	D	0.01%
	CG	D	0.01%
	Z	B	0.01%
	DINO	F	0.01%
	KNX	C	0.01%
	OTEX	D	0.01%
	ROKU	C	0.01%
	SEIC	C	0.01%
	TOST	C	0.01%
	HOOD	C	0.01%
	TTC	D	0.01%
	PAYC	D	0.01%
	IOT	B	0.01%
	WYNN	D	0.01%
	MKTX	C	0.01%
	RIVN	F	0.01%
	CHRD	F	0.01%
	BIO	C	0.01%
	LW	D	0.01%
	ALB	D	0.01%
	HSIC	D	0.01%
	APA	F	0.01%
	SOLV	C	0.01%
	DAY	C	0.01%
	SNAP	F	0.01%
	WIX	D	0.01%
	MNDY	B	0.01%
	LKQ	D	0.01%
	DOOO	F	0.0%
	GLBE	C	0.0%

KOKU Underweight 138 Positions Relative to VCIT

	Symbol	Grade	Weight
	WIT	C	-0.15%
	DB	C	-0.07%
	BABA	C	-0.07%
	KOF	D	-0.06%
	BMO	D	-0.05%
	ARCC	C	-0.05%
	BHF	F	-0.05%
	AZN	D	-0.05%
	NWG	B	-0.05%
	AGR	B	-0.04%
	AMG	C	-0.04%
	XRAY	D	-0.04%
	EXP	A	-0.04%
	PAA	C	-0.04%
	MPLX	B	-0.04%
	ET	B	-0.04%
	GSK	C	-0.04%
	VOD	A	-0.04%
	KEX	C	-0.03%
	HRB	C	-0.03%
	INGR	B	-0.03%
	KSS	F	-0.03%
	FHN	C	-0.03%
	FAF	A	-0.03%
	AYI	B	-0.03%
	BNS	A	-0.03%
	BERY	B	-0.03%
	SBRA	A	-0.03%
	HP	F	-0.03%
	JD	F	-0.03%
	DXC	C	-0.03%
	FLS	D	-0.03%
	DOX	C	-0.03%
	BC	D	-0.03%
	CNO	B	-0.03%
	CMA	B	-0.03%
	AGO	C	-0.03%
	ARW	C	-0.03%
	AAT	B	-0.03%
	BDN	B	-0.03%
	WB	F	-0.03%
	ZION	D	-0.03%
	VNT	D	-0.03%
	RL	B	-0.03%
	SCS	C	-0.03%
	SON	C	-0.03%
	SNX	D	-0.03%
	RGA	B	-0.03%
	FMC	C	-0.03%
	VFC	C	-0.03%
	FLEX	D	-0.03%
	EPD	A	-0.03%
	MUFG	D	-0.03%
	UNM	B	-0.02%
	TME	F	-0.02%
	R	B	-0.02%
	SKT	B	-0.02%
	SITC	D	-0.02%
	SAFE	B	-0.02%
	AVT	D	-0.02%
	BKU	C	-0.02%
	AN	D	-0.02%
	NVT	D	-0.02%
	HR	B	-0.02%
	GXO	D	-0.02%
	EPRT	A	-0.02%
	FRT	B	-0.02%
	WU	F	-0.02%
	TKR	D	-0.02%
	RYN	C	-0.02%
	SF	B	-0.02%
	NOV	F	-0.02%
	NHI	B	-0.02%
	MHK	B	-0.02%
	DSS	F	-0.02%
	WBS	D	-0.02%
	VOYA	A	-0.02%
	VNO	A	-0.02%
	FSK	A	-0.02%
	OSK	D	-0.02%
	MCY	C	-0.02%
	PDM	B	-0.02%
	LEG	D	-0.02%
	LAZ	B	-0.02%
	KRC	C	-0.02%
	PRE	F	-0.02%
	LNC	D	-0.02%
	GL	C	-0.02%
	EPR	B	-0.02%
	CP	B	-0.02%
	LEA	F	-0.02%
	HUN	D	-0.02%
	BIDU	F	-0.02%
	ESGR	D	-0.02%
	JEF	B	-0.02%
	GBDC	C	-0.01%
	SAVE	F	-0.01%
	OCSL	D	-0.01%
	PSEC	B	-0.01%
	NEU	C	-0.01%
	OGS	A	-0.01%
	KRG	B	-0.01%
	WTFC	C	-0.01%
	CBT	B	-0.01%
	KMT	B	-0.01%
	THG	A	-0.01%
	CHH	C	-0.01%
	ADC	B	-0.01%
	KMPR	D	-0.01%
	PNW	A	-0.01%
	RNR	B	-0.01%
	AAL	D	-0.01%
	LXP	B	-0.01%
	NFG	A	-0.01%
	OPI	F	-0.01%
	HPP	F	-0.01%
	CUBE	A	-0.01%
	BKH	A	-0.01%
	SWX	C	-0.01%
	OGE	B	-0.01%
	GP	D	-0.01%
	HIW	A	-0.01%
	FLO	C	-0.01%
	AXS	B	-0.01%
	REXR	C	-0.01%
	CNA	C	-0.01%
	AAP	F	-0.01%
	NNN	B	-0.01%
	LH	B	-0.01%
	AL	D	-0.01%
	OHI	B	-0.01%
	HAS	B	-0.01%
	BWA	F	-0.01%
	WHR	D	-0.01%
	WRK	C	-0.01%
	BRX	B	-0.01%
	UAL	C	-0.01%
	HSBC	B	-0.01%

KOKU: Top Represented Industries & Keywords

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

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

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 REIT - Office Semiconductors Specialty Chemicals Specialty Retail Business Services Credit Services Insurance - Life Packaged Foods 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