VCEB vs. GLOF ETF Comparison

Comparison of Vanguard ESG U.S. Corporate Bond ETF (VCEB) to iShares Global Equity Factor ETF (GLOF)

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

$62.63

Average Daily Volume

36,189

Number of Holdings ^*

245

* may have additional holdings in another (foreign) market

GLOF

iShares Global Equity Factor ETF

GLOF Description

The fund generally will invest at least 80% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The underlying index is designed to contain equity securities from the MSCI ACWI Index (the parent index) that have high exposure to four investment style factors: value, quality, momentum and low size, while maintaining a level of risk similar to that of the parent index.

Grade (RS Rating)

Last Trade

$44.02

Average Daily Volume

4,452

Number of Holdings ^*

189

* may have additional holdings in another (foreign) market

Performance

Period	VCEB	GLOF
30 Days	-2.07%	-1.67%
60 Days	-3.11%	0.80%
90 Days	-0.97%	2.27%
12 Months	8.27%	25.75%

93 Overlapping Holdings

Symbol	Grade	Weight in VCEB	Weight in GLOF	Overlap
A	D	0.02%	0.09%	0.02%
AAPL	C	0.01%	4.18%	0.01%
ABBV	F	0.03%	0.73%	0.03%
ABT	B	0.03%	0.24%	0.03%
ADBE	F	0.01%	0.18%	0.01%
AFL	C	0.05%	0.17%	0.05%
ALLY	C	0.03%	0.25%	0.03%
AMAT	F	0.01%	0.36%	0.01%
AMGN	D	0.01%	0.23%	0.01%
AMP	A	0.03%	0.49%	0.03%
AMZN	B	0.01%	2.18%	0.01%
AVGO	C	0.02%	1.3%	0.02%
AXP	A	0.01%	0.21%	0.01%
AZO	C	0.04%	0.41%	0.04%
BAC	A	0.02%	0.21%	0.02%
BIIB	F	0.01%	0.02%	0.01%
BK	A	0.01%	0.1%	0.01%
BKNG	A	0.02%	0.75%	0.02%
BLK	A	0.02%	0.12%	0.02%
BMY	B	0.03%	0.33%	0.03%
CAT	B	0.01%	0.05%	0.01%
CF	A	0.02%	0.07%	0.02%
CHTR	B	0.02%	0.05%	0.02%
COF	A	0.01%	0.35%	0.01%
CSCO	B	0.02%	0.24%	0.02%
CTAS	B	0.04%	0.49%	0.04%
CVS	F	0.01%	0.1%	0.01%
DE	D	0.02%	0.07%	0.02%
DELL	C	0.01%	0.33%	0.01%
DFS	A	0.01%	0.18%	0.01%
DHR	D	0.01%	0.01%	0.01%
DOW	F	0.01%	0.09%	0.01%
EA	A	0.01%	0.04%	0.01%
EBAY	D	0.01%	0.31%	0.01%
EG	D	0.03%	0.1%	0.03%
ETN	A	0.03%	0.18%	0.03%
FOXA	A	0.01%	0.09%	0.01%
GILD	B	0.01%	0.3%	0.01%
GM	A	0.01%	0.08%	0.01%
GS	A	0.01%	0.13%	0.01%
GWW	A	0.04%	0.25%	0.04%
HD	A	0.01%	0.68%	0.01%
HPE	B	0.01%	0.32%	0.01%
HPQ	B	0.01%	0.27%	0.01%
HUM	F	0.01%	0.14%	0.01%
IBM	D	0.02%	0.08%	0.02%
JNJ	D	0.01%	0.6%	0.01%
JPM	A	0.01%	0.9%	0.01%
KLAC	F	0.01%	0.32%	0.01%
KO	D	0.01%	0.2%	0.01%
LLY	F	0.03%	0.81%	0.03%
LOW	A	0.01%	0.67%	0.01%
LRCX	F	0.01%	0.22%	0.01%
MA	A	0.03%	0.52%	0.03%
MCD	D	0.01%	0.54%	0.01%
MCK	A	0.02%	0.6%	0.02%
MDLZ	F	0.01%	0.05%	0.01%
MDT	D	0.05%	0.01%	0.01%
MOS	D	0.06%	0.03%	0.03%
MRK	F	0.01%	0.44%	0.01%
MSFT	D	0.01%	4.03%	0.01%
MSI	A	0.01%	0.5%	0.01%
MUFG	A	0.01%	0.2%	0.01%
NKE	D	0.01%	0.08%	0.01%
NOW	B	0.04%	0.35%	0.04%
NTAP	D	0.02%	0.12%	0.02%
NVDA	B	0.01%	4.43%	0.01%
NVR	D	0.03%	0.2%	0.03%
OMC	C	0.02%	0.02%	0.02%
ORCL	A	0.02%	0.39%	0.02%
ORLY	A	0.03%	0.33%	0.03%
PEP	F	0.01%	0.63%	0.01%
PFE	F	0.01%	0.22%	0.01%
PG	C	0.01%	0.7%	0.01%
PH	A	0.01%	0.05%	0.01%
PLD	D	0.01%	0.01%	0.01%
QCOM	F	0.01%	0.36%	0.01%
QRVO	F	0.02%	0.03%	0.02%
SBUX	A	0.02%	0.19%	0.02%
SPG	A	0.01%	0.08%	0.01%
STT	A	0.01%	0.18%	0.01%
SYF	A	0.03%	0.57%	0.03%
T	A	0.01%	0.33%	0.01%
TGT	D	0.01%	0.29%	0.01%
TJX	A	0.07%	0.06%	0.06%
TMO	D	0.01%	0.36%	0.01%
TRV	A	0.02%	0.16%	0.02%
TT	A	0.02%	0.43%	0.02%
TXN	C	0.01%	0.37%	0.01%
UNH	B	0.01%	0.76%	0.01%
V	A	0.02%	0.74%	0.02%
VRSN	D	0.03%	0.02%	0.02%
VZ	C	0.02%	0.1%	0.02%

VCEB Overweight 152 Positions Relative to GLOF

Symbol	Grade	Weight
DT	C	0.19%
MTB	A	0.07%
WEST	D	0.06%
DD	D	0.06%
PGR	B	0.05%
EQH	B	0.05%
MCHP	F	0.04%
LEN	D	0.04%
KMB	C	0.04%
OTIS	D	0.04%
STLA	F	0.04%
CPT	D	0.04%
VRSK	B	0.04%
MMC	C	0.04%
EXPE	A	0.04%
FTV	D	0.03%
EQR	C	0.03%
DGX	A	0.03%
CMA	A	0.03%
BWA	A	0.03%
BG	D	0.03%
SJM	F	0.03%
ROP	C	0.03%
RF	A	0.03%
PWR	A	0.03%
PPG	F	0.03%
DOC	D	0.03%
ACGL	C	0.03%
LH	B	0.03%
K	B	0.03%
IFF	D	0.03%
HAS	D	0.03%
NTRS	A	0.03%
BHF	A	0.03%
CFG	A	0.03%
GIS	D	0.03%
DG	F	0.03%
WAB	B	0.03%
ITW	B	0.03%
ADP	B	0.03%
MU	D	0.03%
BDX	F	0.03%
EQIX	B	0.03%
ZBH	C	0.03%
VOD	D	0.03%
HUN	F	0.02%
HST	D	0.02%
HRL	D	0.02%
HIG	C	0.02%
MKC	D	0.02%
LEA	F	0.02%
AJG	A	0.02%
APH	B	0.02%
RL	B	0.02%
BEN	C	0.02%
BAX	F	0.02%
VTR	C	0.02%
VMC	B	0.02%
UHS	D	0.02%
CAH	B	0.02%
XRAY	F	0.02%
CSL	B	0.02%
CMI	A	0.02%
EMN	C	0.02%
VFC	B	0.02%
RJF	A	0.02%
AWK	C	0.02%
O	D	0.02%
MLM	B	0.02%
HBAN	A	0.02%
SWK	F	0.02%
REGN	F	0.02%
EFX	F	0.02%
DLTR	F	0.02%
CME	A	0.02%
WBA	F	0.02%
ADM	D	0.02%
BR	A	0.02%
SHW	B	0.02%
CPB	D	0.02%
GLW	B	0.02%
NEM	F	0.02%
APD	A	0.02%
FITB	A	0.02%
CRM	A	0.02%
BABA	D	0.02%
DB	C	0.02%
CARR	D	0.02%
HCA	D	0.02%
GOOGL	B	0.02%
HSBC	A	0.02%
GSK	F	0.02%
AZN	F	0.02%
EXP	B	0.01%
ADI	D	0.01%
GLPI	D	0.01%
WM	B	0.01%
WB	F	0.01%
MRVL	B	0.01%
GPN	B	0.01%
RSG	B	0.01%
AON	A	0.01%
BRX	A	0.01%
MMM	D	0.01%
MAR	A	0.01%
KEY	A	0.01%
RPRX	F	0.01%
ARE	D	0.01%
SCHW	A	0.01%
DLR	A	0.01%
ZTS	D	0.01%
NXPI	F	0.01%
MET	A	0.01%
USB	B	0.01%
TSN	A	0.01%
BXP	D	0.01%
BSX	B	0.01%
BMO	A	0.01%
BERY	D	0.01%
PYPL	A	0.01%
FIS	B	0.01%
WELL	A	0.01%
CM	B	0.01%
CCI	D	0.01%
AER	B	0.01%
KDP	D	0.01%
CB	C	0.01%
CAG	F	0.01%
BNS	A	0.01%
SYY	D	0.01%
PRU	A	0.01%
AMT	D	0.01%
FDX	A	0.01%
PNC	A	0.01%
AL	A	0.01%
LUV	A	0.01%
ICE	D	0.01%
CI	D	0.01%
TD	D	0.01%
SYK	A	0.01%
VTRS	A	0.01%
TFC	A	0.01%
NWG	A	0.01%
UPS	C	0.01%
AIG	B	0.01%
INTC	C	0.01%
RY	C	0.01%
C	A	0.01%
DIS	A	0.01%
CMCSA	B	0.01%
TMUS	A	0.01%
MS	A	0.01%

VCEB Underweight 96 Positions Relative to GLOF

Symbol	Grade	Weight
GOOG	B	-2.57%
META	C	-1.39%
FTNT	A	-0.64%
WMT	A	-0.63%
FICO	A	-0.62%
TEAM	A	-0.54%
INTU	A	-0.52%
CDNS	B	-0.51%
COST	B	-0.51%
BLDR	D	-0.47%
LII	B	-0.42%
KR	B	-0.42%
MTD	F	-0.41%
BBY	C	-0.4%
DOCU	A	-0.38%
VST	A	-0.38%
FERG	D	-0.37%
XOM	B	-0.36%
IT	B	-0.35%
TSLA	B	-0.34%
PANW	B	-0.33%
ELV	F	-0.32%
MSCI	A	-0.31%
MFG	A	-0.3%
STLD	B	-0.3%
ACN	C	-0.29%
MELI	D	-0.28%
PM	A	-0.26%
CRWD	B	-0.26%
ANET	C	-0.24%
HOLX	D	-0.24%
ABNB	C	-0.24%
MOH	F	-0.23%
SNPS	C	-0.23%
NUE	D	-0.22%
PHM	D	-0.22%
YUM	D	-0.22%
MPC	D	-0.2%
PSA	C	-0.2%
SPGI	C	-0.2%
DVA	C	-0.19%
FNF	C	-0.19%
MAS	D	-0.18%
LYB	F	-0.18%
LIN	D	-0.18%
BRK.A	A	-0.18%
VRTX	C	-0.17%
VLTO	D	-0.17%
EMR	A	-0.17%
HUBS	A	-0.16%
WFC	A	-0.16%
LI	F	-0.16%
GEHC	D	-0.14%
MRO	A	-0.14%
VLO	C	-0.13%
SIRI	C	-0.13%
ZS	B	-0.13%
COP	C	-0.13%
HSY	F	-0.13%
URI	B	-0.12%
UNP	D	-0.11%
CDW	F	-0.11%
UBER	C	-0.1%
PFG	C	-0.1%
SMFG	A	-0.09%
TM	F	-0.08%
NWS	A	-0.08%
DTE	C	-0.08%
IDXX	F	-0.07%
ULTA	D	-0.07%
LULU	C	-0.07%
CVX	A	-0.06%
CRH	B	-0.06%
NDAQ	A	-0.06%
FWONA	B	-0.05%
LINE	F	-0.05%
PAYX	B	-0.05%
CPNG	C	-0.05%
MRNA	F	-0.04%
FRT	B	-0.04%
TSCO	D	-0.04%
DOX	D	-0.04%
MCO	C	-0.03%
NI	A	-0.03%
MTCH	F	-0.03%
REG	A	-0.03%
WIT	B	-0.02%
STX	D	-0.02%
GL	B	-0.02%
VICI	C	-0.02%
CSX	B	-0.02%
WY	D	-0.02%
OKTA	D	-0.01%
PCAR	B	-0.01%
VEEV	C	-0.01%
CEG	D	-0.01%