VCEB vs. FNDF ETF Comparison

Comparison of Vanguard ESG U.S. Corporate Bond ETF (VCEB) to Schwab Fundamental International Large Company Index ETF (FNDF)

VCEB

Vanguard ESG U.S. Corporate Bond ETF

VCEB Description

The investment seeks to track the performance of the Bloomberg Barclays MSCI US Corporate SRI Select Index (the ?index?). The index excludes bonds with maturities of 1 year or less and with less than $750 million outstanding, and is screened for certain environmental, social, and governance (ESG) criteria by the index provider, which is independent of Vanguard. All of the fund?s investments will be selected through the sampling process, and under normal circumstances, at least 80% of the fund?s assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$64.94

Average Daily Volume

31,172

Number of Holdings ^*

245

* may have additional holdings in another (foreign) market

FNDF

Schwab Fundamental International Large Company Index ETF

FNDF Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Russell Fundamental Developed ex-U.S. Large Company Index. The index selects, ranks, and weights securities by fundamental measures of company size - adjusted sales, retained operating cash flow, and dividends plus buybacks - rather than market capitalization. Under normal circumstances, the fund will invest at least 90% of its net assets in stocks included in the index, including depositary receipts representing securities of the index. It may invest up to 10% of its net assets in securities not included in the index.

Grade (RS Rating)

Last Trade

$36.51

Average Daily Volume

800,417

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VCEB	FNDF
30 Days	1.86%	0.52%
60 Days	4.48%	1.98%
90 Days	5.16%	4.43%
12 Months	11.64%	14.74%

8 Overlapping Holdings

Symbol	Grade	Weight in VCEB	Weight in FNDF	Overlap
ABBV	C	0.03%	0.22%	0.03%
AER	C	0.01%	0.01%	0.01%
MDT	C	0.05%	0.12%	0.05%
MUFG	D	0.01%	0.44%	0.01%
NXPI	D	0.01%	0.03%	0.01%
STLA	F	0.04%	0.33%	0.04%
TD	A	0.01%	0.43%	0.01%
TT	B	0.02%	0.02%	0.02%

VCEB Overweight 237 Positions Relative to FNDF

Symbol	Grade	Weight
DT	C	0.19%
MTB	B	0.07%
TJX	C	0.07%
MOS	F	0.06%
WRK	C	0.06%
DD	B	0.06%
PGR	A	0.05%
AFL	B	0.05%
EQH	C	0.05%
MCHP	D	0.04%
LEN	B	0.04%
KMB	D	0.04%
GWW	B	0.04%
OTIS	D	0.04%
NOW	A	0.04%
AZO	D	0.04%
CTAS	C	0.04%
CPT	B	0.04%
VRSK	D	0.04%
MMC	C	0.04%
EXPE	C	0.04%
FTV	C	0.03%
EQR	B	0.03%
DGX	B	0.03%
VRSN	D	0.03%
CMA	B	0.03%
BWA	D	0.03%
BG	D	0.03%
SJM	C	0.03%
ROP	C	0.03%
RF	B	0.03%
EG	B	0.03%
PWR	B	0.03%
PPG	C	0.03%
DOC	C	0.03%
ORLY	B	0.03%
AMP	B	0.03%
ACGL	B	0.03%
NVR	B	0.03%
LH	B	0.03%
K	A	0.03%
IFF	B	0.03%
HAS	B	0.03%
LLY	C	0.03%
NTRS	B	0.03%
BHF	D	0.03%
SYF	C	0.03%
CFG	D	0.03%
GIS	B	0.03%
DG	F	0.03%
WAB	A	0.03%
ITW	B	0.03%
ADP	B	0.03%
MU	F	0.03%
BDX	F	0.03%
ETN	C	0.03%
EQIX	B	0.03%
ZBH	F	0.03%
MA	B	0.03%
ALLY	F	0.03%
BMY	C	0.03%
ABT	C	0.03%
VOD	B	0.03%
HUN	D	0.02%
HST	D	0.02%
HRL	C	0.02%
HIG	A	0.02%
MKC	B	0.02%
MCK	F	0.02%
LEA	D	0.02%
AJG	C	0.02%
NTAP	D	0.02%
A	C	0.02%
QRVO	F	0.02%
APH	D	0.02%
RL	B	0.02%
BEN	F	0.02%
BAX	C	0.02%
VTR	C	0.02%
VMC	D	0.02%
UHS	B	0.02%
CAH	C	0.02%
XRAY	D	0.02%
CSL	C	0.02%
CMI	C	0.02%
EMN	B	0.02%
VFC	C	0.02%
CF	B	0.02%
RJF	C	0.02%
AWK	A	0.02%
O	B	0.02%
MLM	D	0.02%
HBAN	B	0.02%
BLK	A	0.02%
SWK	B	0.02%
REGN	C	0.02%
TRV	B	0.02%
EFX	C	0.02%
DLTR	F	0.02%
DE	B	0.02%
CME	C	0.02%
WBA	F	0.02%
ADM	D	0.02%
BR	D	0.02%
BKNG	B	0.02%
SHW	B	0.02%
SBUX	C	0.02%
CPB	B	0.02%
GLW	B	0.02%
OMC	A	0.02%
NEM	B	0.02%
APD	B	0.02%
FITB	B	0.02%
CRM	D	0.02%
BABA	C	0.02%
DB	B	0.02%
CSCO	B	0.02%
CARR	B	0.02%
IBM	B	0.02%
HCA	B	0.02%
GOOGL	D	0.02%
HSBC	B	0.02%
AVGO	C	0.02%
GSK	C	0.02%
AZN	D	0.02%
V	B	0.02%
ORCL	B	0.02%
BAC	D	0.02%
CHTR	D	0.02%
VZ	B	0.02%
EXP	B	0.01%
ADI	D	0.01%
GLPI	B	0.01%
EA	D	0.01%
WM	D	0.01%
WB	F	0.01%
MRVL	C	0.01%
MDLZ	B	0.01%
GPN	D	0.01%
PLD	C	0.01%
PH	B	0.01%
AMAT	D	0.01%
MSI	C	0.01%
RSG	D	0.01%
AON	B	0.01%
BRX	B	0.01%
EBAY	B	0.01%
MMM	B	0.01%
MAR	C	0.01%
KEY	B	0.01%
RPRX	C	0.01%
ARE	B	0.01%
SCHW	D	0.01%
DLR	B	0.01%
DHR	B	0.01%
ZTS	B	0.01%
TXN	C	0.01%
MET	A	0.01%
KO	B	0.01%
KLAC	D	0.01%
HUM	F	0.01%
USB	B	0.01%
TSN	C	0.01%
BXP	B	0.01%
BSX	B	0.01%
TMO	C	0.01%
BMO	C	0.01%
BK	A	0.01%
BERY	B	0.01%
STT	A	0.01%
AXP	B	0.01%
PYPL	B	0.01%
FIS	B	0.01%
WELL	B	0.01%
CM	B	0.01%
CCI	B	0.01%
ADBE	D	0.01%
NVDA	D	0.01%
NKE	D	0.01%
MRK	D	0.01%
LOW	B	0.01%
KDP	A	0.01%
HPQ	D	0.01%
CB	B	0.01%
CAT	C	0.01%
CAG	B	0.01%
BNS	A	0.01%
SYY	D	0.01%
SPG	B	0.01%
PRU	C	0.01%
AMT	C	0.01%
FDX	C	0.01%
DOW	D	0.01%
DFS	C	0.01%
PNC	B	0.01%
PFE	C	0.01%
PEP	C	0.01%
AL	D	0.01%
LUV	C	0.01%
LRCX	F	0.01%
ICE	B	0.01%
HPE	D	0.01%
GM	B	0.01%
COF	C	0.01%
CI	C	0.01%
TGT	C	0.01%
BIIB	F	0.01%
SYK	C	0.01%
VTRS	C	0.01%
UNH	C	0.01%
TFC	D	0.01%
PG	C	0.01%
AMGN	B	0.01%
NWG	B	0.01%
JNJ	B	0.01%
UPS	D	0.01%
QCOM	D	0.01%
AIG	D	0.01%
MCD	C	0.01%
INTC	F	0.01%
HD	B	0.01%
GILD	B	0.01%
RY	B	0.01%
C	D	0.01%
FOXA	B	0.01%
DIS	D	0.01%
AMZN	C	0.01%
CMCSA	D	0.01%
DELL	D	0.01%
JPM	D	0.01%
AAPL	D	0.01%
TMUS	C	0.01%
GS	D	0.01%
T	B	0.01%
MSFT	C	0.01%
MS	D	0.01%
CVS	D	0.01%

VCEB Underweight 41 Positions Relative to FNDF

Symbol	Grade	Weight
TM	F	-1.23%
HMC	D	-0.68%
UL	C	-0.63%
NVS	C	-0.63%
SONY	D	-0.46%
E	C	-0.4%
LYG	B	-0.38%
BCS	B	-0.38%
SMFG	D	-0.37%
MFG	D	-0.24%
MT	D	-0.22%
CNI	D	-0.19%
GOLD	B	-0.19%
KB	D	-0.18%
SHG	C	-0.18%
DEO	C	-0.17%
KEP	C	-0.12%
WFG	B	-0.09%
NMR	F	-0.08%
AGCO	D	-0.08%
SW	B	-0.08%
WCN	D	-0.07%
LPL	F	-0.06%
LOGI	D	-0.04%
BNTX	C	-0.04%
FLUT	B	-0.04%
ZIM	C	-0.03%
OTEX	D	-0.03%
KT	B	-0.02%
SKM	A	-0.02%
APTV	D	-0.02%
ALLE	B	-0.01%
ICLR	D	-0.01%
PRGO	D	-0.01%
ALV	F	-0.01%
ARM	D	-0.01%
TIGO	B	-0.01%
LULU	D	-0.01%
CCEP	B	-0.01%
CHKP	C	-0.01%
GRMN	D	-0.01%

FNDF: Top Represented Industries & Keywords

Industries: Banks - Global Auto Manufacturers Banks - Regional - Asia Telecom Services Auto Parts Consumer Electronics Drug Manufacturers - Major Semiconductors Software - Application Airports & Air Services Apparel Stores Banks - Regional - Europe Beverages - Soft Drinks Beverages - Wineries & Distilleries Biotechnology Capital Markets Computer Systems Diagnostics & Research Drug Manufacturers - Specialty & Generic Farm & Construction Equipment