KOKU vs. VCSH ETF Comparison

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

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

VCSH

Vanguard Short-Term Corporate Bond ETF

VCSH Description

The investment seeks to track the performance of a market-weighted corporate bond index with a short-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 1-5 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 1 and 5 years. At least 80% of the fund's assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$79.38

Average Daily Volume

3,078,035

Number of Holdings ^*

444

* may have additional holdings in another (foreign) market

Performance

Period	KOKU	VCSH
30 Days	1.77%	1.46%
60 Days	2.31%	2.76%
90 Days	2.98%	3.67%
12 Months	24.46%	9.40%

329 Overlapping Holdings

	Symbol	Grade	Weight in KOKU	Weight in VCSH	Overlap
	A	C	0.06%	0.02%	0.02%
	AAPL	D	5.12%	0.03%	0.03%
	ABBV	B	0.14%	0.02%	0.02%
	ABBV	B	0.54%	0.02%	0.02%
	ABT	B	0.31%	0.02%	0.02%
	ADBE	D	0.4%	0.03%	0.03%
	ADI	D	0.17%	0.02%	0.02%
	ADM	D	0.05%	0.05%	0.05%
	ADP	A	0.18%	0.05%	0.05%
	ADSK	B	0.09%	0.01%	0.01%
	AEE	A	0.03%	0.01%	0.01%
	AEP	A	0.08%	0.01%	0.01%
	AER	C	0.03%	0.03%	0.03%
	AES	C	0.02%	0.02%	0.02%
	AFG	B	0.01%	0.02%	0.01%
	AFL	B	0.1%	0.02%	0.02%
	AIG	D	0.08%	0.06%	0.06%
	AIZ	C	0.02%	0.02%	0.02%
	ALB	D	0.01%	0.02%	0.01%
	ALL	A	0.08%	0.01%	0.01%
	ALLE	A	0.02%	0.02%	0.02%
	ALLY	F	0.02%	0.01%	0.01%
	AMAT	D	0.23%	0.03%	0.03%
	AMD	D	0.34%	0.01%	0.01%
	AMGN	B	0.28%	0.01%	0.01%
	AMP	B	0.07%	0.01%	0.01%
	AMT	B	0.18%	0.01%	0.01%
	AMZN	C	2.55%	0.04%	0.04%
	AON	B	0.11%	0.01%	0.01%
	APD	B	0.09%	0.01%	0.01%
	APH	D	0.11%	0.02%	0.02%
	APTV	F	0.03%	0.03%	0.03%
	ARE	B	0.03%	0.01%	0.01%
	ATO	A	0.03%	0.03%	0.03%
	AVB	B	0.06%	0.01%	0.01%
	AVGO	C	0.96%	0.01%	0.01%
	AWK	A	0.04%	0.01%	0.01%
	AXP	B	0.23%	0.03%	0.03%
	AZO	C	0.09%	0.01%	0.01%
	BA	F	0.15%	0.01%	0.01%
	BAC	D	0.44%	0.01%	0.01%
	BAX	C	0.03%	0.03%	0.03%
	BDX	D	0.11%	0.02%	0.02%
	BEN	D	0.01%	0.02%	0.01%
	BG	F	0.02%	0.03%	0.02%
	BIIB	F	0.05%	0.08%	0.05%
	BK	A	0.08%	0.01%	0.01%
	BKNG	B	0.2%	0.02%	0.02%
	BLK	A	0.21%	0.05%	0.05%
	BMY	C	0.16%	0.02%	0.02%
	BR	B	0.04%	0.02%	0.02%
	BRO	B	0.04%	0.02%	0.02%
	BSX	B	0.19%	0.01%	0.01%
	BXP	A	0.02%	0.03%	0.02%
	C	D	0.18%	0.02%	0.02%
	CAG	B	0.03%	0.01%	0.01%
	CAH	B	0.04%	0.02%	0.02%
	CARR	A	0.09%	0.09%	0.09%
	CAT	C	0.26%	0.02%	0.02%
	CB	B	0.18%	0.03%	0.03%
	CCI	B	0.08%	0.02%	0.02%
	CDNS	D	0.11%	0.02%	0.02%
	CE	D	0.02%	0.02%	0.02%
	CF	C	0.02%	0.02%	0.02%
	CFG	C	0.03%	0.01%	0.01%
	CHD	B	0.04%	0.01%	0.01%
	CHTR	D	0.05%	0.07%	0.05%
	CI	B	0.16%	0.01%	0.01%
	CL	C	0.14%	0.01%	0.01%
	CLX	B	0.03%	0.01%	0.01%
	CMCSA	D	0.25%	0.03%	0.03%
	CME	B	0.12%	0.03%	0.03%
	CMI	C	0.06%	0.02%	0.02%
	CMS	A	0.03%	0.01%	0.01%
	CNH	C	0.02%	0.02%	0.02%
	CNP	C	0.03%	0.01%	0.01%
	COF	D	0.09%	0.01%	0.01%
	COP	F	0.2%	0.01%	0.01%
	COST	B	0.62%	0.06%	0.06%
	CPB	B	0.01%	0.02%	0.01%
	CPT	B	0.02%	0.02%	0.02%
	CRM	D	0.37%	0.05%	0.05%
	CSCO	C	0.31%	0.02%	0.02%
	CSL	C	0.03%	0.01%	0.01%
	CSX	D	0.1%	0.02%	0.02%
	CTVA	B	0.06%	0.02%	0.02%
	CVS	D	0.12%	0.02%	0.02%
	CVX	D	0.38%	0.02%	0.02%
	D	B	0.08%	0.01%	0.01%
	DAL	C	0.01%	0.01%	0.01%
	DD	B	0.05%	0.08%	0.05%
	DE	B	0.16%	0.01%	0.01%
	DELL	D	0.05%	0.01%	0.01%
	DFS	C	0.05%	0.01%	0.01%
	DG	F	0.03%	0.01%	0.01%
	DGX	B	0.03%	0.02%	0.02%
	DHI	B	0.09%	0.01%	0.01%
	DHR	B	0.29%	0.02%	0.02%
	DIS	D	0.25%	0.03%	0.03%
	DLR	A	0.07%	0.03%	0.03%
	DLTR	F	0.02%	0.05%	0.02%
	DOC	B	0.02%	0.02%	0.02%
	DOV	B	0.04%	0.02%	0.02%
	DOW	F	0.06%	0.01%	0.01%
	DTE	A	0.04%	0.01%	0.01%
	DUK	B	0.14%	0.01%	0.01%
	DVN	F	0.04%	0.02%	0.02%
	EA	C	0.06%	0.02%	0.02%
	EBAY	A	0.05%	0.03%	0.03%
	ED	B	0.06%	0.01%	0.01%
	EFX	B	0.06%	0.02%	0.02%
	EIX	B	0.05%	0.01%	0.01%
	EL	F	0.03%	0.03%	0.03%
	EMN	A	0.02%	0.03%	0.02%
	EMR	D	0.09%	0.01%	0.01%
	EOG	D	0.11%	0.02%	0.02%
	EQH	C	0.02%	0.02%	0.02%
	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%	0.07%	0.07%
	ETR	A	0.05%	0.01%	0.01%
	EVRG	A	0.02%	0.01%	0.01%
	EXC	A	0.06%	0.01%	0.01%
	EXPE	C	0.03%	0.02%	0.02%
	FANG	F	0.05%	0.02%	0.02%
	FDX	C	0.11%	0.03%	0.03%
	FE	B	0.04%	0.01%	0.01%
	FIS	A	0.07%	0.03%	0.03%
	FITB	B	0.04%	0.03%	0.03%
	FOXA	C	0.02%	0.04%	0.02%
	FTNT	B	0.07%	0.02%	0.02%
	FTV	C	0.04%	0.04%	0.04%
	GD	B	0.1%	0.02%	0.02%
	GE	A	0.28%	0.01%	0.01%
	GILD	B	0.15%	0.04%	0.04%
	GIS	B	0.07%	0.03%	0.03%
	GLPI	B	0.02%	0.03%	0.02%
	GM	C	0.09%	0.02%	0.02%
	GOOGL	D	1.41%	0.04%	0.04%
	GPN	C	0.04%	0.03%	0.03%
	GS	D	0.25%	0.01%	0.01%
	GWW	B	0.07%	0.02%	0.02%
	H	D	0.01%	0.01%	0.01%
	HAL	F	0.04%	0.03%	0.03%
	HBAN	B	0.03%	0.01%	0.01%
	HCA	A	0.12%	0.06%	0.06%
	HD	B	0.57%	0.01%	0.01%
	HES	F	0.05%	0.01%	0.01%
	HII	D	0.01%	0.01%	0.01%
	HON	D	0.21%	0.01%	0.01%
	HPE	F	0.04%	0.03%	0.03%
	HPQ	D	0.05%	0.05%	0.05%
	HRL	C	0.02%	0.03%	0.02%
	HST	D	0.02%	0.02%	0.02%
	HSY	B	0.05%	0.01%	0.01%
	HUBB	B	0.03%	0.01%	0.01%
	HUM	F	0.07%	0.02%	0.02%
	IBM	A	0.3%	0.02%	0.02%
	ICE	B	0.14%	0.02%	0.02%
	IFF	B	0.04%	0.01%	0.01%
	ILMN	C	0.03%	0.02%	0.02%
	INTC	F	0.13%	0.03%	0.03%
	INTU	C	0.27%	0.02%	0.02%
	IP	B	0.03%	0.02%	0.02%
	IPG	C	0.02%	0.01%	0.01%
	ITW	B	0.12%	0.04%	0.04%
	JBHT	D	0.02%	0.03%	0.02%
	JBL	D	0.02%	0.01%	0.01%
	JCI	B	0.07%	0.02%	0.02%
	JNJ	B	0.63%	0.02%	0.02%
	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%	0.02%	0.02%
	KEY	B	0.03%	0.01%	0.01%
	KEYS	C	0.04%	0.02%	0.02%
	KIM	B	0.02%	0.01%	0.01%
	KLAC	D	0.15%	0.06%	0.06%
	KMB	C	0.08%	0.01%	0.01%
	KMI	B	0.07%	0.02%	0.02%
	KO	B	0.46%	0.06%	0.06%
	KR	B	0.06%	0.02%	0.02%
	L	C	0.02%	0.02%	0.02%
	LDOS	B	0.03%	0.02%	0.02%
	LEN	B	0.07%	0.01%	0.01%
	LHX	C	0.07%	0.02%	0.02%
	LII	A	0.03%	0.01%	0.01%
	LIN	B	0.35%	0.02%	0.02%
	LLY	C	1.16%	0.02%	0.02%
	LMT	B	0.2%	0.05%	0.05%
	LNT	A	0.02%	0.02%	0.02%
	LOW	B	0.22%	0.01%	0.01%
	LRCX	F	0.16%	0.02%	0.02%
	LUV	C	0.01%	0.01%	0.01%
	LVS	D	0.03%	0.02%	0.02%
	LYB	F	0.04%	0.02%	0.02%
	MA	A	0.63%	0.04%	0.04%
	MAA	A	0.03%	0.01%	0.01%
	MAR	D	0.09%	0.01%	0.01%
	MCD	B	0.33%	0.01%	0.01%
	MCHP	D	0.06%	0.01%	0.01%
	MCK	F	0.11%	0.01%	0.01%
	MCO	B	0.12%	0.02%	0.02%
	MDLZ	B	0.16%	0.01%	0.01%
	MDT	B	0.19%	0.08%	0.08%
	MET	B	0.07%	0.02%	0.02%
	MKC	B	0.03%	0.02%	0.02%
	MLM	D	0.05%	0.01%	0.01%
	MMC	A	0.18%	0.01%	0.01%
	MMM	A	0.11%	0.01%	0.01%
	MO	C	0.15%	0.01%	0.01%
	MOS	F	0.01%	0.03%	0.01%
	MPC	F	0.1%	0.03%	0.03%
	MRK	D	0.48%	0.04%	0.04%
	MRVL	C	0.09%	0.02%	0.02%
	MS	D	0.19%	0.03%	0.03%
	MSFT	C	4.51%	0.04%	0.04%
	MSI	B	0.11%	0.03%	0.03%
	MTB	B	0.04%	0.02%	0.02%
	MU	F	0.15%	0.03%	0.03%
	NDAQ	B	0.05%	0.01%	0.01%
	NEE	B	0.26%	0.01%	0.01%
	NEM	B	0.09%	0.01%	0.01%
	NI	A	0.02%	0.05%	0.02%
	NKE	D	0.16%	0.02%	0.02%
	NOC	B	0.12%	0.05%	0.05%
	NSC	C	0.09%	0.01%	0.01%
	NTAP	D	0.04%	0.02%	0.02%
	NTRS	B	0.03%	0.04%	0.03%
	NUE	D	0.05%	0.03%	0.03%
	NVDA	D	4.03%	0.02%	0.02%
	NXPI	F	0.09%	0.02%	0.02%
	O	B	0.09%	0.01%	0.01%
	OC	C	0.02%	0.01%	0.01%
	OKE	A	0.09%	0.02%	0.02%
	OMC	B	0.03%	0.06%	0.03%
	ORCL	B	0.37%	0.05%	0.05%
	ORLY	B	0.11%	0.01%	0.01%
	OTIS	C	0.06%	0.07%	0.06%
	PCAR	D	0.08%	0.01%	0.01%
	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%	0.01%	0.01%
	PG	A	0.66%	0.01%	0.01%
	PH	B	0.12%	0.02%	0.02%
	PHM	B	0.04%	0.03%	0.03%
	PKG	B	0.03%	0.01%	0.01%
	PM	B	0.31%	0.02%	0.02%
	PNC	B	0.11%	0.02%	0.02%
	PPG	C	0.04%	0.01%	0.01%
	PPL	A	0.04%	0.01%	0.01%
	PRU	C	0.07%	0.03%	0.03%
	PSA	A	0.09%	0.02%	0.02%
	PSX	F	0.09%	0.01%	0.01%
	PYPL	B	0.11%	0.03%	0.03%
	QCOM	D	0.28%	0.04%	0.04%
	RF	C	0.03%	0.04%	0.03%
	ROK	D	0.04%	0.01%	0.01%
	ROP	B	0.09%	0.01%	0.01%
	ROST	C	0.08%	0.02%	0.02%
	RPM	B	0.02%	0.01%	0.01%
	RPRX	C	0.02%	0.04%	0.02%
	RS	D	0.02%	0.01%	0.01%
	RSG	B	0.07%	0.01%	0.01%
	RTX	C	0.25%	0.02%	0.02%
	SBUX	C	0.16%	0.02%	0.02%
	SCHW	D	0.15%	0.01%	0.01%
	SHW	A	0.14%	0.02%	0.02%
	SLB	F	0.09%	0.02%	0.02%
	SO	A	0.15%	0.01%	0.01%
	SPG	B	0.09%	0.02%	0.02%
	SPGI	A	0.25%	0.03%	0.03%
	SRE	B	0.08%	0.01%	0.01%
	STLA	F	0.05%	0.07%	0.05%
	STLD	F	0.03%	0.02%	0.02%
	STT	B	0.04%	0.03%	0.03%
	STZ	C	0.07%	0.02%	0.02%
	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%	0.01%	0.01%
	SYY	C	0.06%	0.03%	0.03%
	T	A	0.23%	0.01%	0.01%
	TAP	C	0.02%	0.1%	0.02%
	TD	A	0.17%	0.02%	0.02%
	TDY	B	0.03%	0.02%	0.02%
	TEL	D	0.07%	0.01%	0.01%
	TFC	D	0.09%	0.01%	0.01%
	TGT	C	0.11%	0.05%	0.05%
	TJX	B	0.21%	0.04%	0.04%
	TMO	B	0.37%	0.01%	0.01%
	TMUS	A	0.17%	0.04%	0.04%
	TRMB	C	0.02%	0.01%	0.01%
	TSN	C	0.03%	0.01%	0.01%
	TT	A	0.12%	0.02%	0.02%
	TXN	D	0.28%	0.01%	0.01%
	TXT	D	0.03%	0.01%	0.01%
	UDR	B	0.02%	0.01%	0.01%
	UHS	B	0.02%	0.01%	0.01%
	UNH	C	0.87%	0.01%	0.01%
	UNP	B	0.24%	0.01%	0.01%
	UPS	D	0.14%	0.02%	0.02%
	USB	C	0.11%	0.02%	0.02%
	V	A	0.7%	0.13%	0.13%
	VLO	F	0.07%	0.03%	0.03%
	VMC	D	0.05%	0.01%	0.01%
	VRSK	D	0.06%	0.05%	0.05%
	VTR	B	0.04%	0.02%	0.02%
	VTRS	C	0.02%	0.03%	0.02%
	VZ	A	0.27%	0.06%	0.06%
	WAB	B	0.04%	0.03%	0.03%
	WBA	F	0.01%	0.06%	0.01%
	WEC	B	0.05%	0.02%	0.02%
	WELL	B	0.12%	0.01%	0.01%
	WFC	F	0.3%	0.01%	0.01%
	WLK	D	0.01%	0.04%	0.01%
	WM	D	0.13%	0.02%	0.02%
	WMB	A	0.09%	0.03%	0.03%
	WMT	B	0.54%	0.02%	0.02%
	WPC	B	0.02%	0.02%	0.02%
	WY	C	0.04%	0.01%	0.01%
	XEL	B	0.05%	0.01%	0.01%
	XOM	D	0.8%	0.02%	0.02%
	ZBH	D	0.03%	0.02%	0.02%
	ZTS	B	0.14%	0.04%	0.04%

KOKU Overweight 281 Positions Relative to VCSH

	Symbol	Grade	Weight
	META	B	1.74%
	GOOG	D	1.23%
	BRK.A	C	0.97%
	TSLA	C	0.96%
	NFLX	B	0.46%
	NVS	B	0.36%
	ACN	C	0.34%
	ISRG	B	0.27%
	UL	A	0.26%
	NOW	B	0.26%
	PGR	B	0.23%
	UBER	C	0.21%
	REGN	C	0.2%
	ELV	B	0.2%
	PLD	B	0.19%
	VRTX	C	0.19%
	PANW	C	0.17%
	BX	A	0.15%
	ANET	C	0.14%
	MELI	B	0.14%
	SHOP	C	0.13%
	TDG	B	0.12%
	KKR	B	0.12%
	CMG	C	0.12%
	DEO	C	0.11%
	CTAS	B	0.11%
	SNPS	D	0.11%
	PLTR	B	0.1%
	AJG	A	0.1%
	ECL	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%
	URI	C	0.08%
	LYG	B	0.08%
	ABNB	D	0.08%
	WDAY	D	0.08%
	TRV	A	0.08%
	EW	D	0.07%
	F	D	0.07%
	PAYX	B	0.07%
	BCS	B	0.07%
	APO	C	0.07%
	MPWR	C	0.07%
	IQV	C	0.07%
	CPRT	F	0.07%
	LNG	C	0.07%
	KVUE	B	0.07%
	TTD	B	0.07%
	FICO	A	0.07%
	WCN	B	0.07%
	MSCI	C	0.07%
	SNOW	F	0.06%
	PWR	C	0.06%
	EXR	A	0.06%
	RMD	B	0.06%
	ODFL	D	0.06%
	HWM	B	0.06%
	VICI	B	0.06%
	HIG	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%
	IDXX	C	0.06%
	ACGL	A	0.06%
	LULU	D	0.05%
	XYL	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%
	NVR	B	0.05%
	SQ	D	0.05%
	GLW	C	0.05%
	IRM	A	0.05%
	VEEV	C	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%
	TROW	D	0.04%
	STE	B	0.04%
	NET	D	0.04%
	MRNA	F	0.04%
	TEAM	D	0.04%
	DECK	C	0.04%
	VLTO	B	0.04%
	VRT	C	0.04%
	AXON	A	0.04%
	HUBS	D	0.04%
	DXCM	F	0.04%
	ARES	C	0.04%
	TYL	B	0.04%
	SBAC	B	0.04%
	TSCO	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%
	SUI	B	0.03%
	ENTG	D	0.03%
	WBD	D	0.03%
	MAS	B	0.03%
	TPL	C	0.03%
	EXPD	D	0.03%
	LPLA	F	0.03%
	VRSN	D	0.03%
	ZM	C	0.03%
	APP	B	0.03%
	ULTA	D	0.03%
	FCNCA	D	0.03%
	SSNC	A	0.03%
	AVY	B	0.03%
	BAH	B	0.03%
	CHKP	B	0.03%
	EQT	D	0.03%
	MRO	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%
	GPC	D	0.03%
	SMCI	F	0.03%
	DRI	C	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%
	CBOE	B	0.03%
	MKL	C	0.03%
	TEVA	C	0.03%
	SW	B	0.03%
	CINF	B	0.03%
	J	D	0.03%
	PTC	D	0.03%
	WST	F	0.03%
	BBY	B	0.03%
	INVH	B	0.03%
	RJF	C	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%
	HEI	A	0.02%
	EXAS	C	0.02%
	NWSA	D	0.02%
	QRVO	F	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%
	REG	B	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%
	AMH	B	0.02%
	WTRG	D	0.02%
	CHRW	C	0.02%
	GGG	C	0.02%
	SJM	C	0.02%
	LOGI	F	0.02%
	WSO	C	0.02%
	SNA	B	0.02%
	XRX	F	0.02%
	DPZ	D	0.02%
	ELS	B	0.02%
	PSTG	D	0.02%
	FNF	B	0.02%
	DKNG	D	0.02%
	RBA	B	0.02%
	NDSN	C	0.02%
	ENPH	D	0.02%
	DT	C	0.02%
	PNR	A	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%
	AMCR	B	0.02%
	UTHR	C	0.02%
	MANH	A	0.02%
	AVTR	B	0.02%
	EME	A	0.02%
	BURL	B	0.02%
	IEX	D	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%
	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%
	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 116 Positions Relative to VCSH

	Symbol	Grade	Weight
	VFC	C	-0.04%
	WB	F	-0.04%
	ARCC	C	-0.04%
	GSK	C	-0.04%
	AZN	D	-0.04%
	AGR	B	-0.03%
	JD	F	-0.03%
	HAS	B	-0.03%
	MHK	B	-0.03%
	DXC	C	-0.03%
	WAL	B	-0.03%
	CNO	B	-0.03%
	SNX	D	-0.03%
	PVH	D	-0.03%
	JEF	B	-0.03%
	EPD	A	-0.03%
	MPLX	B	-0.03%
	BERY	B	-0.03%
	SKT	B	-0.02%
	RL	B	-0.02%
	THG	A	-0.02%
	UNM	B	-0.02%
	VNT	D	-0.02%
	BKU	C	-0.02%
	GBDC	C	-0.02%
	BC	D	-0.02%
	HP	F	-0.02%
	HOG	C	-0.02%
	GXO	D	-0.02%
	KMPR	D	-0.02%
	FRT	B	-0.02%
	NNN	B	-0.02%
	SF	B	-0.02%
	SBRA	A	-0.02%
	TSLX	B	-0.02%
	VNO	A	-0.02%
	BKH	A	-0.02%
	COKE	C	-0.02%
	BWA	F	-0.02%
	BABA	C	-0.02%
	AWH	F	-0.02%
	GSBD	D	-0.02%
	HRB	C	-0.02%
	OCSL	D	-0.02%
	LAZ	B	-0.02%
	ORI	B	-0.02%
	VOYA	A	-0.02%
	OHI	B	-0.02%
	IVZ	C	-0.02%
	BRX	B	-0.02%
	AN	D	-0.02%
	CNA	C	-0.02%
	FLEX	D	-0.02%
	FSK	A	-0.02%
	WRK	C	-0.02%
	ET	B	-0.02%
	AL	D	-0.02%
	CM	B	-0.02%
	RY	B	-0.02%
	NVT	D	-0.01%
	HIW	A	-0.01%
	FNB	D	-0.01%
	CACC	F	-0.01%
	VLY	C	-0.01%
	KSS	F	-0.01%
	G	B	-0.01%
	EPR	B	-0.01%
	NEU	C	-0.01%
	TKR	D	-0.01%
	FAF	A	-0.01%
	LEG	D	-0.01%
	FMC	C	-0.01%
	JHG	B	-0.01%
	NYCB	D	-0.01%
	WHR	D	-0.01%
	RNR	B	-0.01%
	SNV	C	-0.01%
	SLG	B	-0.01%
	BDN	B	-0.01%
	BCSF	B	-0.01%
	TME	F	-0.01%
	RGA	B	-0.01%
	SITC	D	-0.01%
	BHP	D	-0.01%
	FLS	D	-0.01%
	GP	D	-0.01%
	OGS	A	-0.01%
	LNC	D	-0.01%
	PNW	A	-0.01%
	PSEC	B	-0.01%
	SCCO	D	-0.01%
	FHN	C	-0.01%
	CUBE	A	-0.01%
	MAIN	C	-0.01%
	PDM	B	-0.01%
	KRC	C	-0.01%
	NFG	A	-0.01%
	OPI	F	-0.01%
	CP	B	-0.01%
	AVT	D	-0.01%
	AMG	C	-0.01%
	ARW	C	-0.01%
	UAL	C	-0.01%
	WU	F	-0.01%
	LH	B	-0.01%
	R	B	-0.01%
	CMA	B	-0.01%
	BIDU	F	-0.01%
	PAA	C	-0.01%
	BNS	A	-0.01%
	VOD	A	-0.01%
	DB	C	-0.01%
	BMO	D	-0.01%
	HSBC	B	-0.01%
	NWG	B	-0.01%
	MUFG	D	-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

VCSH: Top Represented Industries & Keywords

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

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