VCLT vs. DYNF ETF Comparison

Comparison of Vanguard Long-Term Corporate Bond ETF (VCLT) to BlackRock U.S. Equity Factor Rotation ETF (DYNF)

VCLT

Vanguard Long-Term Corporate Bond ETF

VCLT Description

The investment seeks to track the performance of a market-weighted corporate bond index with a long-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 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 greater than 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

$81.70

Average Daily Volume

2,382,692

Number of Holdings ^*

339

* may have additional holdings in another (foreign) market

DYNF

BlackRock U.S. Equity Factor Rotation ETF

DYNF Description

The investment seeks to outperform the investment results of the large- and mid-capitalization U.S. equity markets by providing diversified and tactical exposure to style factors via a factor rotation model. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets plus the amount of any borrowings for investment purposes in U.S. listed common stock of large- and mid-capitalization companies selected based on a proprietary Factor Rotation model developed by BFA and its affiliates. It is non-diversified.

Grade (RS Rating)

Last Trade

$49.23

Average Daily Volume

1,161,965

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VCLT	DYNF
30 Days	1.83%	1.61%
60 Days	7.09%	2.97%
90 Days	7.11%	4.79%
12 Months	17.60%	41.16%

67 Overlapping Holdings

Symbol	Grade	Weight in VCLT	Weight in DYNF	Overlap
AAPL	C	0.04%	6.98%	0.04%
ACGL	B	0.01%	0.52%	0.01%
AFL	C	0.02%	0.0%	0.0%
AMAT	D	0.03%	0.62%	0.03%
AMZN	C	0.05%	4.32%	0.05%
AVGO	C	0.04%	2.4%	0.04%
AXP	B	0.06%	0.44%	0.06%
BAC	D	0.02%	2.81%	0.02%
C	D	0.01%	0.43%	0.01%
CAT	B	0.01%	1.26%	0.01%
CFG	C	0.03%	0.0%	0.0%
CMCSA	D	0.01%	0.0%	0.0%
CMI	C	0.02%	0.01%	0.01%
COST	B	0.06%	2.39%	0.06%
CRM	D	0.05%	1.11%	0.05%
CSCO	B	0.07%	1.3%	0.07%
CVX	D	0.02%	0.27%	0.02%
DE	B	0.02%	0.0%	0.0%
DELL	C	0.11%	0.01%	0.01%
DIS	D	0.01%	0.0%	0.0%
DOV	B	0.01%	0.0%	0.0%
DUK	B	0.01%	1.51%	0.01%
EBAY	B	0.03%	0.0%	0.0%
EG	C	0.02%	0.05%	0.02%
ETN	C	0.01%	0.26%	0.01%
GE	A	0.02%	0.75%	0.02%
GM	B	0.01%	0.66%	0.01%
GOOGL	D	0.04%	2.79%	0.04%
GWW	A	0.02%	0.02%	0.02%
HD	A	0.01%	0.02%	0.01%
HIG	B	0.01%	2.08%	0.01%
HPE	D	0.04%	0.0%	0.0%
INTC	F	0.03%	0.0%	0.0%
JPM	D	0.01%	3.59%	0.01%
LIN	B	0.04%	0.6%	0.04%
LLY	C	0.01%	0.04%	0.01%
MA	B	0.02%	1.7%	0.02%
MET	A	0.02%	0.01%	0.01%
MLM	D	0.03%	0.01%	0.01%
MMC	C	0.01%	0.0%	0.0%
MO	C	0.01%	0.0%	0.0%
MPC	D	0.02%	0.61%	0.02%
MRK	D	0.01%	0.01%	0.01%
MSFT	C	0.01%	7.68%	0.01%
NVDA	D	0.03%	8.36%	0.03%
ORCL	B	0.04%	0.74%	0.04%
PG	C	0.01%	1.9%	0.01%
PGR	A	0.01%	1.73%	0.01%
PH	A	0.02%	0.16%	0.02%
PHM	B	0.01%	0.82%	0.01%
PSX	D	0.03%	0.0%	0.0%
QCOM	F	0.02%	0.02%	0.02%
RSG	D	0.01%	0.0%	0.0%
RTX	C	0.02%	0.16%	0.02%
SO	A	0.01%	0.01%	0.01%
TEL	D	0.02%	1.27%	0.02%
TJX	C	0.04%	1.07%	0.04%
TMUS	C	0.03%	2.36%	0.03%
TRV	B	0.01%	1.24%	0.01%
TT	A	0.01%	1.01%	0.01%
UNH	C	0.01%	2.55%	0.01%
V	C	0.02%	3.86%	0.02%
VLO	F	0.03%	0.01%	0.01%
WFC	D	0.01%	0.03%	0.01%
WM	D	0.03%	0.16%	0.03%
WMT	B	0.02%	1.52%	0.02%
XOM	D	0.02%	3.67%	0.02%

VCLT Overweight 272 Positions Relative to DYNF

Symbol	Grade	Weight
WIT	C	0.21%
EQH	C	0.09%
MDT	C	0.08%
FITB	B	0.07%
WY	C	0.07%
FOXA	B	0.07%
DD	B	0.07%
HPQ	D	0.06%
HCA	A	0.06%
CARR	B	0.06%
CAG	C	0.05%
SCCO	D	0.05%
BIIB	F	0.05%
TAP	D	0.05%
MS	C	0.05%
L	D	0.04%
WBA	F	0.04%
NXPI	D	0.04%
DT	C	0.04%
BHF	D	0.04%
GPN	D	0.04%
JNPR	A	0.04%
NEM	B	0.04%
BHP	D	0.04%
ORI	B	0.03%
FTV	C	0.03%
FANG	D	0.03%
AAL	D	0.03%
STE	C	0.03%
WU	D	0.03%
WRK	C	0.03%
NOV	D	0.03%
OHI	C	0.03%
LH	C	0.03%
LEA	F	0.03%
DG	F	0.03%
CPT	B	0.03%
PKG	B	0.03%
PYPL	B	0.03%
RPM	B	0.03%
SPGI	A	0.03%
CME	C	0.03%
CF	C	0.03%
RPRX	D	0.03%
APD	B	0.03%
AMT	C	0.03%
DVN	D	0.03%
MDLZ	C	0.03%
MAR	C	0.03%
ITW	C	0.03%
CB	B	0.03%
RJF	C	0.03%
MUFG	D	0.03%
VTRS	D	0.03%
MPLX	B	0.03%
ALLY	D	0.03%
CHTR	D	0.03%
ABT	C	0.03%
BMY	C	0.03%
ABBV	C	0.03%
WPC	C	0.02%
PWR	B	0.02%
PECO	B	0.02%
SCHW	D	0.02%
REGN	C	0.02%
CHD	C	0.02%
ZBH	F	0.02%
STLD	D	0.02%
FE	C	0.02%
FMC	C	0.02%
BAX	C	0.02%
CL	C	0.02%
CINF	C	0.02%
OGS	B	0.02%
LHX	C	0.02%
O	C	0.02%
IVZ	B	0.02%
HRL	D	0.02%
HOG	C	0.02%
SBRA	C	0.02%
AFG	B	0.02%
CPB	B	0.02%
VMI	D	0.02%
XYL	D	0.02%
WTRG	D	0.02%
WHR	C	0.02%
AJG	D	0.02%
AVY	D	0.02%
KSS	F	0.02%
MKC	C	0.02%
NWE	B	0.02%
MSI	B	0.02%
K	A	0.02%
PAA	C	0.02%
LRCX	F	0.02%
KLAC	D	0.02%
EMN	B	0.02%
ADI	C	0.02%
ROK	F	0.02%
SYK	C	0.02%
MOS	F	0.02%
NDAQ	A	0.02%
LNC	D	0.02%
FIS	B	0.02%
VRSK	D	0.02%
ES	C	0.02%
STZ	D	0.02%
OTIS	C	0.02%
MCO	A	0.02%
CCI	C	0.02%
CP	C	0.02%
NI	B	0.02%
TXN	C	0.02%
SWK	B	0.02%
DHR	C	0.02%
TGT	C	0.02%
HES	D	0.02%
DOW	D	0.02%
UPS	F	0.02%
TSN	D	0.02%
ECL	A	0.02%
HAL	F	0.02%
EPD	B	0.02%
JNJ	C	0.02%
PEP	D	0.02%
ICE	C	0.02%
PM	C	0.02%
NOC	A	0.02%
IBM	A	0.02%
GILD	B	0.02%
CI	C	0.02%
COP	D	0.02%
PFE	C	0.02%
AZN	D	0.02%
HSBC	B	0.02%
VOD	C	0.02%
GSK	D	0.02%
HIW	B	0.01%
FRT	C	0.01%
AGO	C	0.01%
AMH	C	0.01%
EXR	B	0.01%
BXP	B	0.01%
BWA	D	0.01%
AVA	C	0.01%
APTV	D	0.01%
DRI	B	0.01%
ALB	F	0.01%
INGR	B	0.01%
IDA	C	0.01%
EMR	D	0.01%
MAA	C	0.01%
LXP	C	0.01%
OPI	F	0.01%
JD	C	0.01%
SIGI	D	0.01%
EA	D	0.01%
DOC	C	0.01%
ADC	C	0.01%
BEN	F	0.01%
CACC	F	0.01%
FNF	B	0.01%
AES	C	0.01%
PFG	B	0.01%
PEG	A	0.01%
VTR	C	0.01%
OGE	B	0.01%
ESS	C	0.01%
MAS	B	0.01%
RF	B	0.01%
REG	C	0.01%
EE	B	0.01%
BKH	B	0.01%
SWX	C	0.01%
VOYA	B	0.01%
SNA	C	0.01%
KRC	B	0.01%
EQIX	B	0.01%
KIM	C	0.01%
UDR	C	0.01%
UAL	C	0.01%
MKL	C	0.01%
HSY	D	0.01%
IPG	C	0.01%
KOF	D	0.01%
EOG	D	0.01%
CAH	C	0.01%
WELL	C	0.01%
WRB	C	0.01%
PNW	B	0.01%
PLD	C	0.01%
SJM	C	0.01%
DTE	B	0.01%
JEF	B	0.01%
IFF	C	0.01%
HAS	B	0.01%
EVRG	B	0.01%
AWK	C	0.01%
AVB	C	0.01%
UNM	B	0.01%
WEC	B	0.01%
EQR	C	0.01%
ATO	B	0.01%
AEP	C	0.01%
AEE	A	0.01%
AON	B	0.01%
ZTS	C	0.01%
SRE	B	0.01%
VMC	D	0.01%
NNN	C	0.01%
NEE	C	0.01%
NUE	F	0.01%
KDP	B	0.01%
HUM	F	0.01%
EXC	B	0.01%
CNP	D	0.01%
CMS	B	0.01%
LNT	B	0.01%
OC	D	0.01%
XEL	B	0.01%
SPG	A	0.01%
WLK	D	0.01%
PPL	B	0.01%
GLW	B	0.01%
JCI	B	0.01%
EL	F	0.01%
ALL	B	0.01%
TMO	C	0.01%
HON	D	0.01%
JBLU	D	0.01%
KR	C	0.01%
FDX	F	0.01%
D	B	0.01%
CSX	D	0.01%
EIX	C	0.01%
ED	C	0.01%
KMB	D	0.01%
ETR	A	0.01%
ADM	D	0.01%
ARE	C	0.01%
PRU	C	0.01%
SBUX	C	0.01%
IP	C	0.01%
GIS	B	0.01%
KMI	A	0.01%
GD	B	0.01%
WMB	B	0.01%
SHW	B	0.01%
LYB	F	0.01%
OKE	B	0.01%
MRO	C	0.01%
NSC	C	0.01%
LOW	A	0.01%
BSX	B	0.01%
AIG	D	0.01%
LMT	B	0.01%
ET	B	0.01%
SYY	D	0.01%
MMM	A	0.01%
NKE	D	0.01%
MCD	B	0.01%
UNP	C	0.01%
BABA	B	0.01%
BDX	F	0.01%
PCG	B	0.01%
KO	B	0.01%
AMGN	B	0.01%
VZ	B	0.01%
BA	F	0.01%
T	C	0.01%
GS	C	0.01%
CVS	F	0.01%

VCLT Underweight 27 Positions Relative to DYNF

Symbol	Grade	Weight
LEN	C	-4.21%
BRK.A	C	-3.8%
META	A	-3.67%
NOW	A	-1.43%
GOOG	D	-1.35%
BKNG	B	-1.25%
PANW	C	-1.05%
PCAR	D	-0.86%
NFLX	B	-0.82%
TRGP	B	-0.57%
INTU	C	-0.5%
APH	C	-0.12%
DHI	C	-0.05%
AMD	D	-0.03%
CMG	C	-0.02%
ADBE	F	-0.01%
CRWD	D	-0.01%
WDAY	D	-0.01%
KHC	C	-0.01%
CPNG	A	-0.0%
M	F	-0.0%
SNOW	F	-0.0%
NU	B	-0.0%
NTNX	C	-0.0%
WTW	C	-0.0%
MCK	F	-0.0%
ANET	A	-0.0%