VCIT vs. VCSH ETF Comparison

Comparison of Vanguard Intermediate-Term Corporate Bond ETF (VCIT) to Vanguard Short-Term Corporate Bond ETF (VCSH)

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

$80.57

Average Daily Volume

6,660,767

Number of Holdings ^*

488

* 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

$78.09

Average Daily Volume

2,857,939

Number of Holdings ^*

443

* may have additional holdings in another (foreign) market

Performance

Period	VCIT	VCSH
30 Days	-1.90%	-0.59%
60 Days	-2.86%	-0.89%
90 Days	-0.93%	0.49%
12 Months	9.85%	7.42%

401 Overlapping Holdings

	Symbol	Grade	Weight in VCIT	Weight in VCSH	Overlap
	A	F	0.02%	0.02%	0.02%
	AAPL	C	0.01%	0.03%	0.01%
	ABBV	F	0.13%	0.02%	0.02%
	ABT	C	0.02%	0.02%	0.02%
	ADBE	C	0.05%	0.03%	0.03%
	ADI	D	0.04%	0.02%	0.02%
	ADM	F	0.05%	0.05%	0.05%
	ADP	A	0.04%	0.05%	0.04%
	ADSK	B	0.03%	0.01%	0.01%
	AEE	B	0.01%	0.01%	0.01%
	AEP	D	0.01%	0.01%	0.01%
	AER	B	0.04%	0.03%	0.03%
	AES	F	0.02%	0.02%	0.02%
	AFG	A	0.02%	0.02%	0.02%
	AFL	C	0.01%	0.02%	0.01%
	AGR	C	0.04%	0.03%	0.03%
	AIG	B	0.02%	0.06%	0.02%
	AIZ	A	0.02%	0.02%	0.02%
	AL	B	0.01%	0.02%	0.01%
	ALL	B	0.02%	0.01%	0.01%
	ALLE	D	0.02%	0.02%	0.02%
	AMAT	F	0.04%	0.03%	0.03%
	AMG	B	0.04%	0.01%	0.01%
	AMGN	F	0.01%	0.01%	0.01%
	AMT	F	0.03%	0.01%	0.01%
	AMZN	A	0.09%	0.04%	0.04%
	AN	C	0.02%	0.02%	0.02%
	AON	B	0.01%	0.01%	0.01%
	APD	B	0.02%	0.01%	0.01%
	APH	B	0.02%	0.02%	0.02%
	APTV	F	0.01%	0.03%	0.01%
	ARCC	A	0.05%	0.04%	0.04%
	ARE	F	0.01%	0.01%	0.01%
	ARW	F	0.03%	0.01%	0.01%
	ATO	B	0.02%	0.03%	0.02%
	AVB	B	0.02%	0.01%	0.01%
	AVGO	C	0.01%	0.01%	0.01%
	AVT	C	0.02%	0.01%	0.01%
	AWK	D	0.02%	0.01%	0.01%
	AXP	B	0.11%	0.03%	0.03%
	AZN	F	0.05%	0.04%	0.04%
	AZO	B	0.03%	0.01%	0.01%
	BA	F	0.03%	0.01%	0.01%
	BABA	D	0.07%	0.02%	0.02%
	BAC	A	0.01%	0.01%	0.01%
	BAX	F	0.02%	0.03%	0.02%
	BC	D	0.03%	0.02%	0.02%
	BDN	D	0.03%	0.01%	0.01%
	BDX	F	0.03%	0.02%	0.02%
	BEN	C	0.04%	0.02%	0.02%
	BERY	D	0.03%	0.03%	0.03%
	BG	D	0.03%	0.03%	0.03%
	BIDU	F	0.02%	0.01%	0.01%
	BIIB	F	0.07%	0.08%	0.07%
	BK	B	0.01%	0.01%	0.01%
	BKH	A	0.01%	0.02%	0.01%
	BKNG	A	0.03%	0.02%	0.02%
	BKU	A	0.02%	0.02%	0.02%
	BLK	A	0.04%	0.05%	0.04%
	BMO	A	0.05%	0.01%	0.01%
	BMY	B	0.03%	0.02%	0.02%
	BNS	A	0.03%	0.01%	0.01%
	BR	A	0.04%	0.02%	0.02%
	BRO	B	0.02%	0.02%	0.02%
	BRX	A	0.01%	0.02%	0.01%
	BSX	A	0.01%	0.01%	0.01%
	BWA	B	0.01%	0.02%	0.01%
	BXP	D	0.02%	0.03%	0.02%
	C	B	0.02%	0.02%	0.02%
	CAG	F	0.01%	0.01%	0.01%
	CAH	B	0.05%	0.02%	0.02%
	CARR	C	0.04%	0.09%	0.04%
	CAT	B	0.02%	0.02%	0.02%
	CB	C	0.01%	0.03%	0.01%
	CCI	F	0.03%	0.02%	0.02%
	CE	F	0.02%	0.02%	0.02%
	CFG	B	0.03%	0.01%	0.01%
	CHD	A	0.02%	0.01%	0.01%
	CHTR	B	0.06%	0.07%	0.06%
	CI	D	0.02%	0.01%	0.01%
	CLX	A	0.01%	0.01%	0.01%
	CMA	A	0.03%	0.01%	0.01%
	CMCSA	B	0.02%	0.03%	0.02%
	CME	B	0.03%	0.03%	0.03%
	CMI	A	0.04%	0.02%	0.02%
	CMS	D	0.02%	0.01%	0.01%
	CNA	C	0.01%	0.02%	0.01%
	CNH	D	0.04%	0.02%	0.02%
	CNO	B	0.03%	0.03%	0.03%
	CNP	B	0.02%	0.01%	0.01%
	COF	B	0.03%	0.01%	0.01%
	COP	C	0.01%	0.01%	0.01%
	COST	B	0.07%	0.06%	0.06%
	CP	F	0.02%	0.01%	0.01%
	CPB	F	0.03%	0.02%	0.02%
	CPT	C	0.02%	0.02%	0.02%
	CRM	B	0.07%	0.05%	0.05%
	CSL	B	0.03%	0.01%	0.01%
	CSX	B	0.02%	0.02%	0.02%
	CTVA	C	0.02%	0.02%	0.02%
	CUBE	D	0.01%	0.01%	0.01%
	CVS	F	0.02%	0.02%	0.02%
	CVX	A	0.01%	0.02%	0.01%
	D	D	0.01%	0.01%	0.01%
	DAL	A	0.03%	0.01%	0.01%
	DB	D	0.07%	0.01%	0.01%
	DD	D	0.1%	0.08%	0.08%
	DE	D	0.01%	0.01%	0.01%
	DELL	C	0.04%	0.01%	0.01%
	DFS	B	0.01%	0.01%	0.01%
	DG	F	0.03%	0.01%	0.01%
	DGX	B	0.01%	0.02%	0.01%
	DHI	D	0.02%	0.01%	0.01%
	DHR	F	0.04%	0.02%	0.02%
	DIS	B	0.03%	0.03%	0.03%
	DLR	C	0.03%	0.03%	0.03%
	DLTR	F	0.07%	0.05%	0.05%
	DOC	C	0.01%	0.02%	0.01%
	DOV	A	0.02%	0.02%	0.02%
	DOW	F	0.01%	0.01%	0.01%
	DTE	D	0.01%	0.01%	0.01%
	DUK	D	0.01%	0.01%	0.01%
	DVN	F	0.01%	0.02%	0.01%
	DXC	B	0.03%	0.03%	0.03%
	EA	A	0.04%	0.02%	0.02%
	EBAY	C	0.04%	0.03%	0.03%
	ED	D	0.01%	0.01%	0.01%
	EFX	F	0.03%	0.02%	0.02%
	EIX	C	0.01%	0.01%	0.01%
	EL	F	0.02%	0.03%	0.02%
	EMN	D	0.03%	0.03%	0.03%
	EMR	A	0.01%	0.01%	0.01%
	EOG	A	0.05%	0.02%	0.02%
	EPD	A	0.03%	0.03%	0.03%
	EPR	D	0.02%	0.01%	0.01%
	EQH	B	0.01%	0.02%	0.01%
	EQIX	B	0.02%	0.02%	0.02%
	EQR	C	0.02%	0.02%	0.02%
	ES	D	0.01%	0.01%	0.01%
	ESS	C	0.01%	0.01%	0.01%
	ET	A	0.04%	0.02%	0.02%
	ETN	B	0.03%	0.07%	0.03%
	ETR	B	0.01%	0.01%	0.01%
	EVRG	A	0.01%	0.01%	0.01%
	EXC	C	0.01%	0.01%	0.01%
	EXPE	B	0.05%	0.02%	0.02%
	FAF	C	0.03%	0.01%	0.01%
	FANG	C	0.04%	0.02%	0.02%
	FDX	B	0.02%	0.03%	0.02%
	FHN	A	0.03%	0.01%	0.01%
	FIS	B	0.03%	0.03%	0.03%
	FITB	A	0.03%	0.03%	0.03%
	FLEX	B	0.03%	0.02%	0.02%
	FLS	B	0.03%	0.01%	0.01%
	FMC	F	0.03%	0.01%	0.01%
	FOXA	A	0.03%	0.04%	0.03%
	FRT	B	0.02%	0.02%	0.02%
	FSK	A	0.02%	0.02%	0.02%
	FTNT	B	0.02%	0.02%	0.02%
	GBDC	B	0.01%	0.02%	0.01%
	GD	C	0.01%	0.02%	0.01%
	GE	D	0.04%	0.01%	0.01%
	GILD	B	0.01%	0.04%	0.01%
	GIS	F	0.04%	0.03%	0.03%
	GLPI	D	0.03%	0.03%	0.03%
	GM	B	0.02%	0.02%	0.02%
	GOOGL	C	0.04%	0.04%	0.04%
	GP	F	0.01%	0.01%	0.01%
	GPN	B	0.02%	0.03%	0.02%
	GS	B	0.05%	0.01%	0.01%
	GSK	F	0.04%	0.04%	0.04%
	GXO	B	0.02%	0.02%	0.02%
	H	B	0.02%	0.01%	0.01%
	HAL	C	0.06%	0.03%	0.03%
	HAS	D	0.01%	0.03%	0.01%
	HBAN	A	0.02%	0.01%	0.01%
	HCA	D	0.05%	0.06%	0.05%
	HD	B	0.03%	0.01%	0.01%
	HES	B	0.02%	0.01%	0.01%
	HII	F	0.01%	0.01%	0.01%
	HIW	D	0.01%	0.01%	0.01%
	HON	B	0.01%	0.01%	0.01%
	HP	C	0.03%	0.02%	0.02%
	HPQ	B	0.04%	0.05%	0.04%
	HRB	D	0.03%	0.02%	0.02%
	HRL	F	0.01%	0.03%	0.01%
	HSBC	B	0.01%	0.01%	0.01%
	HST	D	0.03%	0.02%	0.02%
	HSY	F	0.01%	0.01%	0.01%
	HUBB	C	0.01%	0.01%	0.01%
	HUM	D	0.01%	0.02%	0.01%
	IBM	D	0.01%	0.02%	0.01%
	ICE	C	0.03%	0.02%	0.02%
	IFF	F	0.02%	0.01%	0.01%
	ILMN	C	0.03%	0.02%	0.02%
	INTC	C	0.05%	0.03%	0.03%
	INTU	A	0.02%	0.02%	0.02%
	IPG	F	0.02%	0.01%	0.01%
	ITW	B	0.04%	0.04%	0.04%
	JBL	C	0.03%	0.01%	0.01%
	JCI	A	0.02%	0.02%	0.02%
	JD	C	0.03%	0.03%	0.03%
	JEF	B	0.02%	0.03%	0.02%
	JNJ	D	0.01%	0.02%	0.01%
	JNPR	D	0.03%	0.03%	0.03%
	JPM	A	0.01%	0.01%	0.01%
	K	A	0.02%	0.02%	0.02%
	KDP	C	0.03%	0.02%	0.02%
	KEY	B	0.02%	0.01%	0.01%
	KEYS	C	0.03%	0.02%	0.02%
	KIM	A	0.02%	0.01%	0.01%
	KLAC	F	0.04%	0.06%	0.04%
	KMB	D	0.02%	0.01%	0.01%
	KMI	B	0.01%	0.02%	0.01%
	KMPR	A	0.01%	0.02%	0.01%
	KO	F	0.01%	0.06%	0.01%
	KR	A	0.01%	0.02%	0.01%
	KRC	C	0.02%	0.01%	0.01%
	KSS	D	0.03%	0.01%	0.01%
	L	A	0.04%	0.02%	0.02%
	LAZ	C	0.02%	0.02%	0.02%
	LDOS	C	0.05%	0.02%	0.02%
	LEG	F	0.02%	0.01%	0.01%
	LEN	D	0.01%	0.01%	0.01%
	LH	B	0.01%	0.01%	0.01%
	LHX	B	0.01%	0.02%	0.01%
	LII	B	0.02%	0.01%	0.01%
	LIN	D	0.03%	0.02%	0.02%
	LLY	F	0.03%	0.02%	0.02%
	LMT	D	0.04%	0.05%	0.04%
	LNC	B	0.02%	0.01%	0.01%
	LNT	C	0.01%	0.02%	0.01%
	LOW	B	0.01%	0.01%	0.01%
	LRCX	F	0.04%	0.02%	0.02%
	LUV	B	0.01%	0.01%	0.01%
	LVS	C	0.04%	0.02%	0.02%
	LYB	F	0.03%	0.02%	0.02%
	MA	B	0.03%	0.04%	0.03%
	MAA	C	0.01%	0.01%	0.01%
	MAR	A	0.01%	0.01%	0.01%
	MCD	C	0.01%	0.01%	0.01%
	MCO	C	0.02%	0.02%	0.02%
	MDLZ	F	0.02%	0.01%	0.01%
	MDT	D	0.02%	0.08%	0.02%
	MET	C	0.07%	0.02%	0.02%
	MHK	D	0.02%	0.03%	0.02%
	MKC	D	0.01%	0.02%	0.01%
	MLM	B	0.01%	0.01%	0.01%
	MMC	D	0.04%	0.01%	0.01%
	MMM	C	0.02%	0.01%	0.01%
	MO	A	0.02%	0.01%	0.01%
	MOS	D	0.04%	0.03%	0.03%
	MPC	D	0.04%	0.03%	0.03%
	MPLX	A	0.04%	0.03%	0.03%
	MRK	F	0.06%	0.04%	0.04%
	MRVL	B	0.03%	0.02%	0.02%
	MS	A	0.01%	0.03%	0.01%
	MSFT	C	0.23%	0.04%	0.04%
	MSI	B	0.02%	0.03%	0.02%
	MTB	A	0.04%	0.02%	0.02%
	MU	D	0.03%	0.03%	0.03%
	MUFG	A	0.03%	0.01%	0.01%
	NDAQ	B	0.03%	0.01%	0.01%
	NEE	D	0.01%	0.01%	0.01%
	NEM	F	0.05%	0.01%	0.01%
	NEU	C	0.01%	0.01%	0.01%
	NFG	D	0.01%	0.01%	0.01%
	NI	A	0.03%	0.05%	0.03%
	NKE	F	0.04%	0.02%	0.02%
	NNN	F	0.01%	0.02%	0.01%
	NOC	D	0.02%	0.05%	0.02%
	NSC	B	0.01%	0.01%	0.01%
	NTAP	D	0.03%	0.02%	0.02%
	NTRS	A	0.02%	0.04%	0.02%
	NUE	D	0.02%	0.03%	0.02%
	NVDA	A	0.06%	0.02%	0.02%
	NVT	C	0.02%	0.01%	0.01%
	NWG	B	0.05%	0.01%	0.01%
	NXPI	F	0.03%	0.02%	0.02%
	O	D	0.03%	0.01%	0.01%
	OC	A	0.02%	0.01%	0.01%
	OCSL	D	0.01%	0.02%	0.01%
	OGS	B	0.01%	0.01%	0.01%
	OHI	C	0.01%	0.02%	0.01%
	OKE	A	0.01%	0.02%	0.01%
	OMC	A	0.03%	0.06%	0.03%
	OPI	F	0.01%	0.01%	0.01%
	ORCL	A	0.02%	0.05%	0.02%
	ORLY	A	0.01%	0.01%	0.01%
	OTIS	D	0.04%	0.07%	0.04%
	PAA	C	0.04%	0.01%	0.01%
	PCG	A	0.01%	0.01%	0.01%
	PDM	D	0.02%	0.01%	0.01%
	PEG	C	0.01%	0.01%	0.01%
	PEP	D	0.02%	0.02%	0.02%
	PFE	F	0.03%	0.03%	0.03%
	PFG	C	0.02%	0.01%	0.01%
	PG	C	0.04%	0.01%	0.01%
	PH	A	0.05%	0.02%	0.02%
	PHM	D	0.03%	0.03%	0.03%
	PKG	B	0.02%	0.01%	0.01%
	PM	B	0.02%	0.02%	0.02%
	PNC	B	0.01%	0.02%	0.01%
	PNW	A	0.01%	0.01%	0.01%
	PPG	F	0.02%	0.01%	0.01%
	PRU	B	0.02%	0.03%	0.02%
	PSA	D	0.01%	0.02%	0.01%
	PSEC	F	0.01%	0.01%	0.01%
	PSX	C	0.04%	0.01%	0.01%
	PYPL	A	0.05%	0.03%	0.03%
	QCOM	F	0.05%	0.04%	0.04%
	R	B	0.02%	0.01%	0.01%
	RF	A	0.03%	0.04%	0.03%
	RGA	A	0.03%	0.01%	0.01%
	RL	B	0.03%	0.02%	0.02%
	RNR	D	0.01%	0.01%	0.01%
	ROK	B	0.01%	0.01%	0.01%
	ROP	A	0.03%	0.01%	0.01%
	ROST	D	0.02%	0.02%	0.02%
	RPM	A	0.03%	0.01%	0.01%
	RPRX	F	0.02%	0.04%	0.02%
	RS	C	0.02%	0.01%	0.01%
	RSG	B	0.01%	0.01%	0.01%
	RTX	D	0.01%	0.02%	0.01%
	SBRA	C	0.03%	0.02%	0.02%
	SBUX	B	0.02%	0.02%	0.02%
	SCHW	B	0.01%	0.01%	0.01%
	SF	A	0.02%	0.02%	0.02%
	SHW	A	0.02%	0.02%	0.02%
	SITC	F	0.02%	0.01%	0.01%
	SKT	A	0.02%	0.02%	0.02%
	SLB	C	0.05%	0.02%	0.02%
	SNX	C	0.03%	0.03%	0.03%
	SO	D	0.02%	0.01%	0.01%
	SPG	A	0.01%	0.02%	0.01%
	SPGI	C	0.02%	0.03%	0.02%
	SRE	B	0.03%	0.01%	0.01%
	STLD	C	0.02%	0.02%	0.02%
	STT	B	0.01%	0.03%	0.01%
	STZ	D	0.02%	0.02%	0.02%
	SWK	F	0.03%	0.03%	0.03%
	SWKS	F	0.03%	0.03%	0.03%
	SYF	B	0.03%	0.03%	0.03%
	SYK	A	0.02%	0.01%	0.01%
	SYY	D	0.05%	0.03%	0.03%
	T	A	0.05%	0.01%	0.01%
	TD	D	0.05%	0.02%	0.02%
	TDY	B	0.03%	0.02%	0.02%
	TEL	B	0.03%	0.01%	0.01%
	TFC	B	0.02%	0.01%	0.01%
	TGT	C	0.02%	0.05%	0.02%
	THG	A	0.01%	0.02%	0.01%
	TJX	A	0.01%	0.04%	0.01%
	TKR	F	0.02%	0.01%	0.01%
	TME	F	0.02%	0.01%	0.01%
	TMO	F	0.03%	0.01%	0.01%
	TMUS	A	0.09%	0.04%	0.04%
	TRMB	B	0.03%	0.01%	0.01%
	TSN	B	0.06%	0.01%	0.01%
	TT	B	0.03%	0.02%	0.02%
	TXN	B	0.02%	0.01%	0.01%
	TXT	D	0.01%	0.01%	0.01%
	UAL	A	0.01%	0.01%	0.01%
	UDR	C	0.01%	0.01%	0.01%
	UHS	D	0.04%	0.01%	0.01%
	UNH	B	0.01%	0.01%	0.01%
	UNM	A	0.02%	0.02%	0.02%
	UNP	D	0.02%	0.01%	0.01%
	UPS	C	0.03%	0.02%	0.02%
	USB	B	0.01%	0.02%	0.01%
	V	A	0.03%	0.13%	0.03%
	VFC	C	0.03%	0.04%	0.03%
	VLO	C	0.03%	0.03%	0.03%
	VMC	B	0.02%	0.01%	0.01%
	VNO	C	0.02%	0.02%	0.02%
	VNT	C	0.03%	0.02%	0.02%
	VOD	F	0.04%	0.01%	0.01%
	VOYA	B	0.02%	0.02%	0.02%
	VRSK	A	0.06%	0.05%	0.05%
	VTR	C	0.02%	0.02%	0.02%
	VTRS	B	0.04%	0.03%	0.03%
	VZ	D	0.04%	0.06%	0.04%
	WAB	B	0.04%	0.03%	0.03%
	WB	F	0.03%	0.04%	0.03%
	WBA	D	0.02%	0.06%	0.02%
	WEC	B	0.01%	0.02%	0.01%
	WELL	B	0.01%	0.01%	0.01%
	WEST	D	0.01%	0.02%	0.01%
	WFC	A	0.01%	0.01%	0.01%
	WHR	B	0.01%	0.01%	0.01%
	WLK	F	0.01%	0.04%	0.01%
	WM	A	0.01%	0.02%	0.01%
	WMB	B	0.01%	0.03%	0.01%
	WMT	A	0.01%	0.02%	0.01%
	WPC	F	0.02%	0.02%	0.02%
	WU	F	0.02%	0.01%	0.01%
	WY	F	0.01%	0.01%	0.01%
	XEL	A	0.01%	0.01%	0.01%
	XOM	B	0.01%	0.02%	0.01%
	ZBH	C	0.05%	0.02%	0.02%
	ZTS	D	0.02%	0.04%	0.02%

VCIT Overweight 87 Positions Relative to VCSH

	Symbol	Grade	Weight
	DT	C	0.28%
	WIT	B	0.15%
	RJF	A	0.07%
	NOW	A	0.07%
	REGN	F	0.06%
	KOF	F	0.06%
	PWR	B	0.05%
	STE	D	0.05%
	QRVO	F	0.05%
	IEX	B	0.05%
	CTAS	B	0.05%
	NVR	D	0.05%
	MRO	B	0.05%
	BHF	B	0.05%
	VRSN	C	0.04%
	URI	B	0.04%
	XRAY	F	0.04%
	INVH	D	0.04%
	EXP	B	0.04%
	KEX	A	0.03%
	INGR	B	0.03%
	AYI	A	0.03%
	TSCO	D	0.03%
	HIG	C	0.03%
	EW	F	0.03%
	DOX	C	0.03%
	AGO	B	0.03%
	CHRW	A	0.03%
	ACGL	C	0.03%
	AAT	B	0.03%
	ZION	B	0.03%
	SCS	B	0.03%
	SON	F	0.03%
	SJM	F	0.03%
	WTRG	C	0.03%
	SAFE	F	0.02%
	CINF	A	0.02%
	AMH	C	0.02%
	GPC	D	0.02%
	HR	C	0.02%
	EPRT	C	0.02%
	RYN	F	0.02%
	NOV	C	0.02%
	NHI	D	0.02%
	DSS	F	0.02%
	WBS	A	0.02%
	EXR	D	0.02%
	DRI	B	0.02%
	OSK	B	0.02%
	MCY	B	0.02%
	AVY	F	0.02%
	REG	A	0.02%
	PRE	D	0.02%
	MAS	D	0.02%
	BBY	C	0.02%
	CBOE	D	0.02%
	GL	B	0.02%
	FNF	C	0.02%
	XYL	F	0.02%
	LEA	F	0.02%
	HUN	F	0.02%
	ESGR	B	0.02%
	SAVE	F	0.01%
	GOOG	C	0.01%
	SNA	A	0.01%
	PNR	A	0.01%
	KRG	B	0.01%
	WTFC	B	0.01%
	CBT	C	0.01%
	KMT	B	0.01%
	CHH	B	0.01%
	ADC	A	0.01%
	AAL	B	0.01%
	LXP	D	0.01%
	MKL	A	0.01%
	HPP	F	0.01%
	SWX	B	0.01%
	OGE	B	0.01%
	FLO	F	0.01%
	AXS	A	0.01%
	REXR	F	0.01%
	PGR	A	0.01%
	AAP	C	0.01%
	SUI	F	0.01%
	AMCR	D	0.01%
	PLD	D	0.01%
	ECL	C	0.01%

VCIT Underweight 42 Positions Relative to VCSH

	Symbol	Grade	Weight
	TAP	B	-0.1%
	STLA	F	-0.07%
	FTV	C	-0.04%
	JBHT	C	-0.03%
	WAL	B	-0.03%
	PVH	C	-0.03%
	HPE	B	-0.03%
	CF	B	-0.02%
	CDNS	B	-0.02%
	HOG	D	-0.02%
	TSLX	D	-0.02%
	COKE	C	-0.02%
	ALB	C	-0.02%
	AWH	F	-0.02%
	GSBD	F	-0.02%
	IP	B	-0.02%
	GWW	B	-0.02%
	ORI	A	-0.02%
	IVZ	B	-0.02%
	CM	A	-0.02%
	CSCO	A	-0.02%
	RY	C	-0.02%
	FE	D	-0.01%
	FNB	B	-0.01%
	CACC	D	-0.01%
	VLY	B	-0.01%
	G	B	-0.01%
	AMD	F	-0.01%
	JHG	A	-0.01%
	SNV	B	-0.01%
	SLG	C	-0.01%
	BCSF	A	-0.01%
	CL	F	-0.01%
	BHP	F	-0.01%
	SCCO	F	-0.01%
	MAIN	A	-0.01%
	PCAR	B	-0.01%
	MCK	B	-0.01%
	PPL	A	-0.01%
	AMP	A	-0.01%
	MCHP	F	-0.01%
	ALLY	C	-0.01%

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

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 Packaged Foods Household & Personal Products

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