VCIT vs. QDF ETF Comparison

Comparison of Vanguard Intermediate-Term Corporate Bond ETF (VCIT) to FlexShares Quality Dividend Index Fund (QDF)

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

$81.02

Average Daily Volume

6,271,503

Number of Holdings ^*

488

* may have additional holdings in another (foreign) market

QDF

FlexShares Quality Dividend Index Fund

QDF Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Quality Dividend IndexSM. The fund generally will invest under normal circumstances at least 80% of its total assets in the securities of the underlying index. The underlying index is designed to provide exposure to a high-quality, income-oriented portfolio of U.S. equity securities, with an emphasis on long-term capital growth and a targeted overall volatility similar to that of the Northern Trust 1250 IndexSM (the "Parent Index"). It may also invest up to 20% of its assets in cash and cash equivalents.

Grade (RS Rating)

Last Trade

$72.76

Average Daily Volume

26,182

Number of Holdings ^*

127

* may have additional holdings in another (foreign) market

Performance

Period	VCIT	QDF
30 Days	-0.48%	1.66%
60 Days	-2.66%	2.62%
90 Days	-1.47%	4.00%
12 Months	8.62%	26.92%

83 Overlapping Holdings

Symbol	Grade	Weight in VCIT	Weight in QDF	Overlap
AAPL	C	0.01%	8.54%	0.01%
ABBV	D	0.13%	2.58%	0.13%
ADP	B	0.04%	1.11%	0.04%
AFL	B	0.01%	0.62%	0.01%
AVB	B	0.02%	0.58%	0.02%
AVGO	D	0.01%	0.88%	0.01%
BAC	A	0.01%	0.02%	0.01%
BK	A	0.01%	0.68%	0.01%
BKNG	A	0.03%	0.07%	0.03%
BR	A	0.04%	0.3%	0.04%
CAT	B	0.02%	0.75%	0.02%
CHRW	C	0.03%	0.55%	0.03%
CMA	A	0.03%	0.58%	0.03%
COP	C	0.01%	0.04%	0.01%
COST	B	0.07%	0.24%	0.07%
CPT	B	0.02%	0.51%	0.02%
CTAS	B	0.05%	0.39%	0.05%
CUBE	D	0.01%	0.37%	0.01%
D	C	0.01%	0.59%	0.01%
DVN	F	0.01%	0.46%	0.01%
EA	A	0.04%	0.58%	0.04%
EBAY	D	0.04%	0.58%	0.04%
EIX	B	0.01%	0.34%	0.01%
EQR	B	0.02%	0.55%	0.02%
EVRG	A	0.01%	0.42%	0.01%
EXP	A	0.04%	0.08%	0.04%
FAF	A	0.03%	0.47%	0.03%
FIS	C	0.03%	0.62%	0.03%
GILD	C	0.01%	1.0%	0.01%
GOOG	C	0.01%	1.63%	0.01%
GOOGL	C	0.04%	1.84%	0.04%
HD	A	0.03%	1.77%	0.03%
HRB	D	0.03%	0.17%	0.03%
HST	C	0.03%	0.41%	0.03%
INTU	C	0.02%	1.74%	0.02%
IPG	D	0.02%	0.45%	0.02%
ITW	B	0.04%	0.74%	0.04%
JNJ	D	0.01%	3.01%	0.01%
JPM	A	0.01%	0.75%	0.01%
KLAC	D	0.04%	0.76%	0.04%
KO	D	0.01%	2.16%	0.01%
LMT	D	0.04%	0.62%	0.04%
LNC	B	0.02%	0.39%	0.02%
LOW	D	0.01%	1.27%	0.01%
LRCX	F	0.04%	0.87%	0.04%
MA	C	0.03%	0.26%	0.03%
MAA	B	0.01%	0.55%	0.01%
MAR	B	0.01%	0.05%	0.01%
MET	A	0.07%	0.56%	0.07%
MMM	D	0.02%	0.65%	0.02%
MO	A	0.02%	0.89%	0.02%
MPC	D	0.04%	0.54%	0.04%
MRK	F	0.06%	0.45%	0.06%
MS	A	0.01%	0.98%	0.01%
MSFT	F	0.23%	4.91%	0.23%
NKE	D	0.04%	0.83%	0.04%
NNN	D	0.01%	0.23%	0.01%
NTAP	C	0.03%	0.22%	0.03%
NUE	C	0.02%	0.42%	0.02%
NVDA	C	0.06%	5.81%	0.06%
NXPI	D	0.03%	0.52%	0.03%
OGE	B	0.01%	0.51%	0.01%
OHI	C	0.01%	0.52%	0.01%
PEG	A	0.01%	0.61%	0.01%
PFG	D	0.02%	0.39%	0.02%
PG	A	0.04%	3.03%	0.04%
PM	B	0.02%	1.41%	0.02%
PNW	B	0.01%	0.16%	0.01%
PRU	A	0.02%	0.61%	0.02%
PSA	D	0.01%	0.6%	0.01%
QCOM	F	0.05%	1.68%	0.05%
SBUX	A	0.02%	0.76%	0.02%
SNA	A	0.01%	0.56%	0.01%
SWKS	F	0.03%	0.4%	0.03%
TT	A	0.03%	0.43%	0.03%
UNP	C	0.02%	1.24%	0.02%
V	A	0.03%	0.4%	0.03%
VLO	C	0.03%	0.55%	0.03%
WMT	A	0.01%	0.13%	0.01%
WU	D	0.02%	0.45%	0.02%
WY	D	0.01%	0.42%	0.01%
XOM	B	0.01%	0.5%	0.01%
ZTS	D	0.02%	0.74%	0.02%

VCIT Overweight 405 Positions Relative to QDF

Symbol	Grade	Weight
DT	C	0.28%
WIT	A	0.15%
AXP	A	0.11%
DD	D	0.1%
AMZN	C	0.09%
TMUS	B	0.09%
BIIB	F	0.07%
RJF	A	0.07%
NOW	A	0.07%
DLTR	F	0.07%
DB	D	0.07%
CRM	B	0.07%
BABA	D	0.07%
HAL	C	0.06%
VRSK	A	0.06%
REGN	F	0.06%
KOF	F	0.06%
TSN	B	0.06%
CHTR	C	0.06%
ADM	D	0.05%
BMO	A	0.05%
ARCC	A	0.05%
ZBH	C	0.05%
PWR	A	0.05%
STE	F	0.05%
QRVO	F	0.05%
SLB	C	0.05%
LDOS	C	0.05%
IEX	B	0.05%
EOG	A	0.05%
CAH	B	0.05%
TD	F	0.05%
NVR	D	0.05%
MRO	B	0.05%
SYY	B	0.05%
NEM	D	0.05%
ADBE	C	0.05%
BHF	B	0.05%
PH	A	0.05%
EXPE	B	0.05%
AZN	D	0.05%
PYPL	B	0.05%
HCA	F	0.05%
INTC	D	0.05%
NWG	C	0.05%
T	A	0.05%
GS	A	0.05%
PSX	C	0.04%
L	A	0.04%
DHR	F	0.04%
CMI	A	0.04%
AGR	B	0.04%
BEN	C	0.04%
AMG	B	0.04%
VRSN	F	0.04%
URI	B	0.04%
UHS	D	0.04%
XRAY	F	0.04%
MOS	F	0.04%
MTB	A	0.04%
INVH	D	0.04%
CNH	C	0.04%
LVS	C	0.04%
ADI	D	0.04%
PAA	B	0.04%
HPQ	B	0.04%
FANG	D	0.04%
AER	B	0.04%
AMAT	F	0.04%
BLK	C	0.04%
WAB	B	0.04%
MPLX	A	0.04%
GIS	D	0.04%
OTIS	C	0.04%
ET	A	0.04%
MMC	B	0.04%
VTRS	A	0.04%
GSK	F	0.04%
DELL	C	0.04%
CARR	D	0.04%
GE	D	0.04%
VOD	F	0.04%
VZ	C	0.04%
LLY	F	0.03%
MRVL	B	0.03%
KEX	C	0.03%
JNPR	F	0.03%
INGR	B	0.03%
ILMN	D	0.03%
JBL	B	0.03%
KSS	F	0.03%
FHN	A	0.03%
EMN	D	0.03%
AYI	B	0.03%
ADSK	A	0.03%
BNS	A	0.03%
BERY	B	0.03%
TSCO	D	0.03%
RF	A	0.03%
SBRA	C	0.03%
NDAQ	A	0.03%
LIN	D	0.03%
HP	B	0.03%
HIG	B	0.03%
JD	D	0.03%
DXC	B	0.03%
FLS	B	0.03%
EW	C	0.03%
DOX	D	0.03%
ETN	A	0.03%
BC	C	0.03%
CNO	A	0.03%
CME	A	0.03%
AGO	B	0.03%
ARW	D	0.03%
ACGL	D	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	B	0.03%
RPM	A	0.03%
PHM	D	0.03%
RL	B	0.03%
SCS	C	0.03%
SON	D	0.03%
SNX	C	0.03%
RGA	A	0.03%
DAL	C	0.03%
CSL	C	0.03%
FMC	D	0.03%
SWK	D	0.03%
VFC	C	0.03%
SJM	D	0.03%
KEYS	A	0.03%
CFG	B	0.03%
OMC	C	0.03%
EFX	F	0.03%
AZO	C	0.03%
WTRG	B	0.03%
LYB	F	0.03%
O	D	0.03%
MU	D	0.03%
GLPI	C	0.03%
ICE	C	0.03%
FLEX	A	0.03%
FITB	A	0.03%
CPB	D	0.03%
BG	F	0.03%
SYF	B	0.03%
NI	A	0.03%
CCI	D	0.03%
TMO	F	0.03%
UPS	C	0.03%
SRE	A	0.03%
DG	F	0.03%
DLR	B	0.03%
AMT	D	0.03%
ROP	B	0.03%
TDY	B	0.03%
EPD	A	0.03%
COF	B	0.03%
BDX	F	0.03%
FOXA	B	0.03%
MUFG	B	0.03%
DIS	B	0.03%
PFE	D	0.03%
KDP	D	0.03%
BMY	B	0.03%
BA	F	0.03%
UNM	A	0.02%
TME	D	0.02%
R	B	0.02%
SKT	B	0.02%
SITC	D	0.02%
PKG	A	0.02%
RS	B	0.02%
ROST	C	0.02%
SAFE	D	0.02%
AIZ	A	0.02%
AVT	C	0.02%
CINF	A	0.02%
CHD	B	0.02%
BKU	A	0.02%
CE	F	0.02%
AN	C	0.02%
AMH	D	0.02%
NVT	B	0.02%
GPC	D	0.02%
HR	C	0.02%
IFF	D	0.02%
GXO	B	0.02%
EPRT	B	0.02%
DHI	D	0.02%
FTNT	C	0.02%
FRT	B	0.02%
TKR	D	0.02%
RYN	D	0.02%
SF	B	0.02%
NOV	C	0.02%
NHI	D	0.02%
MHK	D	0.02%
DOV	A	0.02%
DSS	F	0.02%
AFG	A	0.02%
WBS	A	0.02%
WBA	F	0.02%
VOYA	B	0.02%
VNO	B	0.02%
FSK	A	0.02%
CTVA	C	0.02%
EXR	D	0.02%
DRI	B	0.02%
OSK	B	0.02%
LII	A	0.02%
MDT	D	0.02%
MCY	A	0.02%
PDM	D	0.02%
OC	A	0.02%
LEG	F	0.02%
LAZ	B	0.02%
KIM	A	0.02%
KRC	C	0.02%
AVY	D	0.02%
REG	B	0.02%
PRE	D	0.02%
MAS	D	0.02%
MCO	B	0.02%
JCI	C	0.02%
H	B	0.02%
BBY	D	0.02%
ALLE	D	0.02%
ALL	A	0.02%
BAX	D	0.02%
ATO	A	0.02%
CBOE	B	0.02%
WPC	D	0.02%
SPGI	C	0.02%
PPG	F	0.02%
GL	B	0.02%
EPR	D	0.02%
EL	F	0.02%
FNF	B	0.02%
TXN	C	0.02%
CP	D	0.02%
XYL	D	0.02%
VMC	B	0.02%
LEA	D	0.02%
K	A	0.02%
HUN	F	0.02%
CNP	B	0.02%
CMS	C	0.02%
BRO	B	0.02%
BIDU	F	0.02%
AWK	D	0.02%
AES	F	0.02%
A	D	0.02%
VTR	C	0.02%
KEY	B	0.02%
KMB	D	0.02%
ESGR	B	0.02%
HBAN	A	0.02%
EQIX	A	0.02%
FDX	B	0.02%
APD	A	0.02%
NTRS	A	0.02%
SYK	C	0.02%
STLD	B	0.02%
MSI	B	0.02%
CSX	B	0.02%
APH	A	0.02%
TGT	F	0.02%
RPRX	D	0.02%
SO	D	0.02%
PEP	F	0.02%
GM	B	0.02%
HES	B	0.02%
JEF	A	0.02%
TFC	A	0.02%
STZ	D	0.02%
SHW	A	0.02%
GPN	B	0.02%
BXP	D	0.02%
NOC	D	0.02%
MDLZ	F	0.02%
ABT	B	0.02%
AIG	B	0.02%
CVS	D	0.02%
ORCL	B	0.02%
CI	F	0.02%
CMCSA	B	0.02%
C	A	0.02%
GBDC	C	0.01%
SAVE	D	0.01%
OCSL	F	0.01%
PNR	A	0.01%
PSEC	D	0.01%
NEU	C	0.01%
OGS	A	0.01%
APTV	D	0.01%
KRG	B	0.01%
WTFC	A	0.01%
CBT	C	0.01%
KMT	B	0.01%
WLK	D	0.01%
THG	A	0.01%
WEC	A	0.01%
CHH	A	0.01%
ADC	B	0.01%
KMPR	B	0.01%
ROK	B	0.01%
RNR	C	0.01%
AAL	B	0.01%
HUBB	B	0.01%
HSY	F	0.01%
LXP	D	0.01%
NFG	A	0.01%
MKL	A	0.01%
OPI	F	0.01%
NSC	B	0.01%
HPP	F	0.01%
BKH	A	0.01%
UDR	B	0.01%
TXT	D	0.01%
SWX	B	0.01%
HUM	C	0.01%
GP	F	0.01%
HIW	D	0.01%
FLO	D	0.01%
AXS	A	0.01%
REXR	F	0.01%
XEL	A	0.01%
PGR	A	0.01%
ETR	B	0.01%
CNA	B	0.01%
CLX	B	0.01%
AAP	C	0.01%
SUI	D	0.01%
TJX	A	0.01%
LH	C	0.01%
HII	D	0.01%
EMR	A	0.01%
DGX	A	0.01%
ED	D	0.01%
AL	B	0.01%
ORLY	B	0.01%
LNT	A	0.01%
AEP	D	0.01%
AEE	A	0.01%
RSG	A	0.01%
MLM	B	0.01%
HAS	D	0.01%
ESS	B	0.01%
ES	D	0.01%
AMCR	D	0.01%
WELL	A	0.01%
MKC	D	0.01%
HRL	D	0.01%
DTE	C	0.01%
ARE	D	0.01%
DOC	D	0.01%
SPG	B	0.01%
KR	B	0.01%
DE	A	0.01%
GD	F	0.01%
BWA	D	0.01%
STT	A	0.01%
WM	A	0.01%
WHR	B	0.01%
PLD	D	0.01%
LHX	C	0.01%
CB	C	0.01%
USB	A	0.01%
OKE	A	0.01%
DFS	B	0.01%
AON	A	0.01%
KMI	A	0.01%
ECL	D	0.01%
DOW	F	0.01%
CVX	A	0.01%
DUK	C	0.01%
WEST	C	0.01%
WMB	A	0.01%
BSX	B	0.01%
BRX	A	0.01%
SCHW	B	0.01%
LEN	D	0.01%
MCD	D	0.01%
EXC	C	0.01%
EQH	B	0.01%
CAG	D	0.01%
AMGN	D	0.01%
PNC	B	0.01%
HON	B	0.01%
UNH	C	0.01%
NEE	D	0.01%
LUV	C	0.01%
IBM	C	0.01%
UAL	A	0.01%
WFC	A	0.01%
RTX	C	0.01%
HSBC	B	0.01%
PCG	A	0.01%

VCIT Underweight 44 Positions Relative to QDF

Symbol	Grade	Weight
META	D	-3.1%
ACN	C	-1.93%
VRT	B	-0.83%
FAST	B	-0.68%
PAYX	C	-0.63%
VIRT	B	-0.6%
KTB	B	-0.6%
JHG	A	-0.6%
GEN	B	-0.58%
TPR	B	-0.57%
WTW	B	-0.56%
ORI	A	-0.55%
OMF	A	-0.52%
IVZ	B	-0.51%
SMG	D	-0.5%
RDN	C	-0.49%
STWD	C	-0.49%
UGI	A	-0.49%
NSA	D	-0.49%
BPOP	B	-0.48%
WDFC	B	-0.47%
MCHP	D	-0.45%
POOL	C	-0.44%
WSM	B	-0.43%
CFR	B	-0.42%
RHI	B	-0.38%
ALLY	C	-0.37%
SCCO	F	-0.36%
WMS	D	-0.36%
APLE	B	-0.35%
IRDM	D	-0.31%
NEP	F	-0.3%
OLN	D	-0.25%
WING	D	-0.2%
RMD	C	-0.17%
DPZ	C	-0.17%
PAYC	B	-0.16%
CL	D	-0.15%
COR	B	-0.14%
BSY	D	-0.13%
WFRD	D	-0.07%
CSWI	A	-0.07%
STNG	F	-0.02%
BBWI	D	-0.01%