VCLT vs. NZAC ETF Comparison

Comparison of Vanguard Long-Term Corporate Bond ETF (VCLT) to SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC)

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

$79.93

Average Daily Volume

2,556,246

Number of Holdings ^*

339

* may have additional holdings in another (foreign) market

NZAC

SPDR MSCI ACWI Climate Paris Aligned ETF

NZAC Description

The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to exceed the minimum standards for a "Paris-Aligned Benchmark" under the EU BMR. A Paris-Aligned Benchmark is designed to align with a principal objective of the Paris Agreement to limit the increase in the global average temperature to well below 2 degrees Celsius above pre-industrial levels.

Grade (RS Rating)

Last Trade

$37.15

Average Daily Volume

14,436

Number of Holdings ^*

367

* may have additional holdings in another (foreign) market

Performance

Period	VCLT	NZAC
30 Days	0.06%	4.21%
60 Days	2.12%	11.83%
90 Days	5.30%	5.20%
12 Months	20.46%	34.16%

164 Overlapping Holdings

Symbol	Grade	Weight in VCLT	Weight in NZAC	Overlap
AAPL	C	0.04%	4.45%	0.04%
ABBV	C	0.03%	0.61%	0.03%
ABBV	C	0.03%	0.4%	0.03%
ABT	C	0.03%	0.19%	0.03%
ACGL	A	0.01%	0.14%	0.01%
ADI	B	0.02%	0.5%	0.02%
AFG	A	0.02%	0.07%	0.02%
AFL	A	0.02%	0.28%	0.02%
AIG	C	0.01%	0.14%	0.01%
AJG	C	0.02%	0.07%	0.02%
ALB	D	0.01%	0.01%	0.01%
ALL	A	0.01%	0.13%	0.01%
ALLY	F	0.03%	0.01%	0.01%
AMAT	C	0.03%	0.13%	0.03%
AMGN	D	0.01%	0.23%	0.01%
AMT	D	0.03%	0.12%	0.03%
AMZN	C	0.05%	2.15%	0.05%
AON	A	0.01%	0.1%	0.01%
AVB	C	0.01%	0.12%	0.01%
AVGO	B	0.04%	1.11%	0.04%
AXP	A	0.06%	0.34%	0.06%
AZN	D	0.02%	0.03%	0.02%
BABA	A	0.01%	0.3%	0.01%
BAC	B	0.02%	0.36%	0.02%
BAX	D	0.02%	0.03%	0.02%
BDX	C	0.01%	0.11%	0.01%
BIIB	F	0.05%	0.04%	0.04%
BMY	A	0.03%	0.23%	0.03%
BSX	A	0.01%	0.29%	0.01%
BXP	B	0.01%	0.07%	0.01%
C	B	0.01%	0.01%	0.01%
CARR	A	0.06%	0.03%	0.03%
CB	A	0.03%	0.24%	0.03%
CCI	D	0.02%	0.08%	0.02%
CHD	D	0.02%	0.09%	0.02%
CHTR	D	0.03%	0.06%	0.03%
CINF	A	0.02%	0.06%	0.02%
CMCSA	B	0.01%	0.24%	0.01%
CME	A	0.03%	0.12%	0.03%
CRM	B	0.05%	0.35%	0.05%
CSCO	A	0.07%	0.37%	0.07%
CSX	D	0.01%	0.09%	0.01%
DE	C	0.02%	0.14%	0.02%
DHR	D	0.02%	0.23%	0.02%
DIS	D	0.01%	0.24%	0.01%
DOC	C	0.01%	0.01%	0.01%
EA	D	0.01%	0.01%	0.01%
EBAY	A	0.03%	0.14%	0.03%
ECL	C	0.02%	0.06%	0.02%
EG	A	0.02%	0.03%	0.02%
EIX	C	0.01%	0.84%	0.01%
EL	D	0.01%	0.05%	0.01%
EQH	B	0.09%	0.09%	0.09%
EQIX	C	0.01%	0.32%	0.01%
EQR	C	0.01%	0.07%	0.01%
ESS	D	0.01%	0.09%	0.01%
ETN	B	0.01%	0.26%	0.01%
EXR	D	0.01%	0.04%	0.01%
FIS	A	0.02%	0.06%	0.02%
FOXA	B	0.07%	0.03%	0.03%
FTV	C	0.03%	0.1%	0.03%
GILD	A	0.02%	0.06%	0.02%
GIS	C	0.01%	0.1%	0.01%
GLW	C	0.01%	0.18%	0.01%
GOOGL	B	0.04%	0.99%	0.04%
GPN	F	0.04%	0.04%	0.04%
GS	B	0.01%	0.05%	0.01%
GWW	B	0.02%	0.19%	0.02%
HD	A	0.01%	0.58%	0.01%
HIG	A	0.01%	0.12%	0.01%
HPE	B	0.04%	0.15%	0.04%
HSY	D	0.01%	0.06%	0.01%
HUM	F	0.01%	0.06%	0.01%
IBM	A	0.02%	0.63%	0.02%
ICE	A	0.02%	0.13%	0.02%
INTC	D	0.03%	0.17%	0.03%
IPG	D	0.01%	0.02%	0.01%
ITW	C	0.03%	0.32%	0.03%
JNJ	D	0.02%	0.64%	0.02%
JNPR	C	0.04%	0.14%	0.04%
JPM	C	0.01%	0.91%	0.01%
KDP	C	0.01%	0.09%	0.01%
KLAC	B	0.02%	0.18%	0.02%
LIN	C	0.04%	0.08%	0.04%
LLY	D	0.01%	1.1%	0.01%
LOW	C	0.01%	0.25%	0.01%
LRCX	D	0.02%	0.11%	0.02%
MA	A	0.02%	0.61%	0.02%
MAR	A	0.03%	0.02%	0.02%
MAS	C	0.01%	0.01%	0.01%
MCD	A	0.01%	0.37%	0.01%
MCO	D	0.02%	0.22%	0.02%
MDT	C	0.08%	0.23%	0.08%
MET	A	0.02%	0.21%	0.02%
MKC	C	0.02%	0.01%	0.01%
MKL	B	0.01%	0.07%	0.01%
MMC	D	0.01%	0.2%	0.01%
MMM	C	0.01%	0.03%	0.01%
MRK	F	0.01%	0.55%	0.01%
MS	A	0.05%	0.2%	0.05%
MSFT	D	0.01%	4.05%	0.01%
MSI	A	0.02%	0.24%	0.02%
MUFG	D	0.03%	0.07%	0.03%
NDAQ	C	0.02%	0.04%	0.02%
NEM	C	0.04%	0.11%	0.04%
NKE	D	0.01%	0.13%	0.01%
NSC	C	0.01%	0.03%	0.01%
NVDA	B	0.03%	3.81%	0.03%
NXPI	F	0.04%	0.01%	0.01%
O	C	0.02%	0.07%	0.02%
ORCL	A	0.04%	0.54%	0.04%
PFE	D	0.02%	0.22%	0.02%
PGR	B	0.01%	0.22%	0.01%
PH	A	0.02%	0.23%	0.02%
PHM	C	0.01%	0.04%	0.01%
PLD	D	0.01%	0.23%	0.01%
PRU	B	0.01%	0.14%	0.01%
PWR	A	0.02%	0.22%	0.02%
PYPL	A	0.03%	0.12%	0.03%
QCOM	D	0.02%	0.27%	0.02%
REG	C	0.01%	0.08%	0.01%
REGN	D	0.02%	0.14%	0.02%
RF	B	0.01%	0.06%	0.01%
RJF	B	0.03%	0.03%	0.03%
ROK	D	0.02%	0.08%	0.02%
RPRX	D	0.03%	0.02%	0.02%
SBUX	B	0.01%	0.15%	0.01%
SCCO	B	0.05%	0.09%	0.05%
SCHW	D	0.02%	0.15%	0.02%
SHW	C	0.01%	0.56%	0.01%
SNA	C	0.01%	0.01%	0.01%
SPG	A	0.01%	0.14%	0.01%
SPGI	C	0.03%	0.39%	0.03%
STE	D	0.03%	0.03%	0.03%
STLD	C	0.02%	0.01%	0.01%
STZ	D	0.02%	0.04%	0.02%
SYK	C	0.02%	0.23%	0.02%
T	B	0.01%	0.18%	0.01%
TGT	C	0.02%	0.02%	0.02%
TJX	D	0.04%	0.35%	0.04%
TMO	D	0.01%	0.38%	0.01%
TMUS	A	0.03%	0.11%	0.03%
TRV	B	0.01%	0.14%	0.01%
TT	A	0.01%	0.02%	0.01%
TXN	C	0.02%	0.26%	0.02%
UNH	B	0.01%	0.75%	0.01%
UNP	F	0.01%	0.22%	0.01%
UPS	D	0.02%	0.07%	0.02%
V	B	0.02%	0.66%	0.02%
VMC	D	0.01%	0.01%	0.01%
VRSK	D	0.02%	0.04%	0.02%
VTR	C	0.01%	0.06%	0.01%
VZ	C	0.01%	0.22%	0.01%
WELL	C	0.01%	0.14%	0.01%
WFC	B	0.01%	0.19%	0.01%
WIT	C	0.21%	0.07%	0.07%
WIT	C	0.21%	0.0%	0.0%
WM	B	0.03%	0.09%	0.03%
WMT	A	0.02%	0.34%	0.02%
WPC	C	0.02%	0.01%	0.01%
WRB	C	0.01%	0.07%	0.01%
XYL	C	0.02%	0.39%	0.02%
ZBH	F	0.02%	0.04%	0.02%
ZTS	C	0.01%	0.18%	0.01%

VCLT Overweight 177 Positions Relative to NZAC

Symbol	Grade	Weight
DELL	C	0.11%
FITB	C	0.07%
WY	C	0.07%
DD	C	0.07%
COST	C	0.06%
HPQ	B	0.06%
HCA	C	0.06%
CAG	D	0.05%
TAP	D	0.05%
L	C	0.04%
WBA	F	0.04%
DT	B	0.04%
BHF	D	0.04%
BHP	B	0.04%
ORI	A	0.03%
FANG	D	0.03%
CFG	C	0.03%
AAL	D	0.03%
WU	D	0.03%
WRK	C	0.03%
NOV	F	0.03%
MLM	F	0.03%
OHI	C	0.03%
LH	D	0.03%
LEA	F	0.03%
DG	F	0.03%
CPT	C	0.03%
PKG	B	0.03%
RPM	A	0.03%
CF	A	0.03%
APD	C	0.03%
DVN	F	0.03%
MDLZ	D	0.03%
VLO	F	0.03%
VTRS	D	0.03%
PSX	D	0.03%
MPLX	B	0.03%
PECO	C	0.02%
FE	C	0.02%
FMC	C	0.02%
CMI	A	0.02%
CL	D	0.02%
OGS	C	0.02%
LHX	A	0.02%
IVZ	A	0.02%
HRL	F	0.02%
HOG	D	0.02%
SBRA	C	0.02%
TEL	D	0.02%
CPB	D	0.02%
VMI	B	0.02%
WTRG	D	0.02%
WHR	C	0.02%
AVY	D	0.02%
KSS	D	0.02%
NWE	C	0.02%
K	B	0.02%
PAA	B	0.02%
EMN	C	0.02%
MOS	F	0.02%
LNC	B	0.02%
ES	D	0.02%
OTIS	A	0.02%
CP	C	0.02%
NI	A	0.02%
SWK	C	0.02%
HES	D	0.02%
CVX	B	0.02%
DOW	B	0.02%
TSN	D	0.02%
MPC	D	0.02%
HAL	D	0.02%
EPD	A	0.02%
PEP	F	0.02%
PM	D	0.02%
NOC	B	0.02%
CI	D	0.02%
COP	D	0.02%
RTX	A	0.02%
XOM	A	0.02%
HSBC	A	0.02%
VOD	D	0.02%
GSK	F	0.02%
GE	B	0.02%
HIW	C	0.01%
FRT	D	0.01%
AGO	B	0.01%
AMH	D	0.01%
BWA	C	0.01%
AVA	D	0.01%
APTV	D	0.01%
DRI	C	0.01%
INGR	B	0.01%
IDA	D	0.01%
EMR	B	0.01%
MAA	D	0.01%
LXP	D	0.01%
OPI	F	0.01%
JD	A	0.01%
SIGI	D	0.01%
ADC	C	0.01%
BEN	F	0.01%
CACC	F	0.01%
FNF	C	0.01%
AES	C	0.01%
PFG	A	0.01%
PEG	A	0.01%
OGE	C	0.01%
EE	B	0.01%
BKH	C	0.01%
SWX	C	0.01%
VOYA	A	0.01%
DOV	C	0.01%
KRC	C	0.01%
KIM	C	0.01%
UDR	C	0.01%
UAL	A	0.01%
KOF	D	0.01%
EOG	B	0.01%
CAH	B	0.01%
PNW	C	0.01%
SJM	D	0.01%
RSG	D	0.01%
PG	D	0.01%
DTE	B	0.01%
JEF	A	0.01%
IFF	D	0.01%
HAS	A	0.01%
EVRG	C	0.01%
AWK	D	0.01%
UNM	A	0.01%
WEC	B	0.01%
ATO	A	0.01%
AEP	C	0.01%
AEE	A	0.01%
SRE	C	0.01%
NNN	C	0.01%
NEE	C	0.01%
NUE	D	0.01%
EXC	C	0.01%
CNP	B	0.01%
CMS	A	0.01%
LNT	B	0.01%
OC	C	0.01%
XEL	C	0.01%
WLK	C	0.01%
PPL	C	0.01%
JCI	C	0.01%
HON	C	0.01%
JBLU	B	0.01%
KR	C	0.01%
FDX	F	0.01%
D	A	0.01%
ED	C	0.01%
KMB	D	0.01%
ETR	A	0.01%
ADM	F	0.01%
ARE	D	0.01%
IP	C	0.01%
KMI	A	0.01%
GD	C	0.01%
WMB	A	0.01%
LYB	B	0.01%
OKE	A	0.01%
DUK	C	0.01%
MRO	B	0.01%
GM	D	0.01%
CAT	A	0.01%
LMT	A	0.01%
ET	A	0.01%
SO	A	0.01%
SYY	D	0.01%
MO	D	0.01%
PCG	C	0.01%
KO	C	0.01%
BA	F	0.01%
CVS	D	0.01%

VCLT Underweight 203 Positions Relative to NZAC

Symbol	Grade	Weight
META	A	-1.67%
GOOG	B	-1.39%
TSLA	C	-1.05%
NVS	D	-0.45%
NFLX	A	-0.42%
BRK.A	B	-0.38%
ACN	B	-0.38%
DLR	C	-0.35%
ADBE	F	-0.35%
ACM	A	-0.34%
NOW	B	-0.33%
AMD	C	-0.31%
ISRG	C	-0.28%
INTU	F	-0.27%
BLK	A	-0.24%
ELV	F	-0.22%
PNR	C	-0.21%
TD	B	-0.21%
FSLR	C	-0.2%
ADP	A	-0.19%
BKNG	B	-0.19%
SONY	C	-0.18%
UBER	C	-0.17%
CBRE	C	-0.17%
ORLY	A	-0.17%
MELI	D	-0.16%
BX	C	-0.16%
CDW	D	-0.16%
PNC	C	-0.16%
FFIV	B	-0.16%
FAST	C	-0.15%
FI	A	-0.15%
APO	A	-0.14%
HDB	D	-0.14%
VRTX	D	-0.14%
AME	C	-0.14%
TDG	A	-0.14%
LI	C	-0.13%
AMP	A	-0.13%
PSA	C	-0.12%
INFY	B	-0.12%
PANW	B	-0.12%
DEO	C	-0.12%
IQV	F	-0.12%
COF	A	-0.11%
USB	C	-0.11%
KKR	A	-0.11%
PPG	D	-0.11%
BK	A	-0.11%
AZO	D	-0.1%
PDD	B	-0.1%
TDY	A	-0.1%
ENPH	F	-0.1%
MRVL	C	-0.1%
APH	D	-0.1%
EW	F	-0.1%
SHOP	B	-0.09%
MU	D	-0.09%
ALLE	A	-0.09%
ROST	D	-0.09%
MTB	A	-0.08%
RVTY	C	-0.08%
WAB	A	-0.08%
CTSH	B	-0.08%
YUM	C	-0.08%
AIZ	B	-0.08%
RS	D	-0.08%
PAYX	B	-0.08%
BR	B	-0.08%
ADSK	B	-0.08%
SYF	A	-0.07%
KEYS	B	-0.07%
LEN	C	-0.07%
DHI	C	-0.07%
LULU	D	-0.07%
FTNT	A	-0.07%
WTW	C	-0.07%
CMG	C	-0.07%
DFS	A	-0.07%
MTD	C	-0.07%
IDXX	D	-0.07%
RMD	C	-0.07%
NTAP	D	-0.06%
TRMB	B	-0.06%
IRM	B	-0.06%
ANET	A	-0.06%
TCOM	A	-0.06%
A	B	-0.06%
GRMN	D	-0.06%
TTD	A	-0.05%
URI	C	-0.05%
HOLX	D	-0.05%
BRO	A	-0.05%
PCAR	D	-0.05%
ULTA	D	-0.05%
HSIC	D	-0.05%
BCS	B	-0.04%
CTAS	C	-0.04%
CPRT	B	-0.04%
NTRS	B	-0.04%
PLTR	A	-0.04%
ALNY	C	-0.04%
LYV	A	-0.04%
CPAY	A	-0.04%
ERIE	A	-0.04%
IEX	D	-0.04%
AXON	A	-0.04%
TER	C	-0.04%
BIDU	C	-0.04%
TROW	D	-0.04%
XPEV	C	-0.04%
CEG	A	-0.04%
ABNB	D	-0.04%
UHAL	C	-0.04%
POOL	D	-0.03%
GDDY	B	-0.03%
CSGP	F	-0.03%
XRX	D	-0.03%
DLTR	F	-0.03%
MNST	D	-0.03%
BAH	C	-0.03%
ALGN	D	-0.03%
VICI	C	-0.03%
CCEP	C	-0.03%
NVR	C	-0.03%
VEEV	C	-0.03%
FOX	B	-0.03%
EFX	D	-0.03%
VLTO	A	-0.03%
IT	A	-0.03%
LKQ	F	-0.03%
BURL	C	-0.03%
DXCM	F	-0.03%
SBAC	C	-0.03%
CBOE	B	-0.03%
OMC	C	-0.03%
AVTR	D	-0.03%
ILMN	B	-0.03%
HBAN	B	-0.02%
PINS	D	-0.02%
TW	A	-0.02%
LYG	C	-0.02%
STT	A	-0.02%
TEVA	D	-0.02%
ZM	B	-0.02%
WST	D	-0.02%
ROL	C	-0.02%
BMRN	F	-0.02%
SEIC	B	-0.02%
DASH	A	-0.02%
VRT	B	-0.02%
PODD	C	-0.02%
COIN	F	-0.02%
DGX	D	-0.02%
WAT	B	-0.02%
ZBRA	B	-0.02%
SQ	D	-0.02%
MOH	F	-0.02%
SNOW	F	-0.02%
HEI	C	-0.02%
MRNA	F	-0.02%
ODFL	F	-0.02%
TFX	C	-0.02%
ASAI	F	-0.02%
HLT	A	-0.02%
CTLT	A	-0.02%
BCH	D	-0.02%
WDAY	D	-0.02%
ROP	D	-0.02%
NIO	C	-0.02%
MBAVU	C	-0.01%
BBWI	F	-0.01%
PAYC	D	-0.01%
QGEN	F	-0.01%
MSTR	B	-0.01%
RIVN	F	-0.01%
SQ	D	-0.01%
WYNN	B	-0.01%
EPAM	F	-0.01%
SWKS	F	-0.01%
SUI	D	-0.01%
MTCH	B	-0.01%
JKHY	A	-0.01%
SNAP	D	-0.01%
DOCU	A	-0.01%
KVUE	C	-0.01%
CLX	C	-0.01%
BIO	B	-0.01%
EXAS	C	-0.01%
FDS	C	-0.01%
TECH	D	-0.01%
MKTX	B	-0.01%
INCY	B	-0.01%
NBIX	F	-0.01%
KB	D	-0.01%
CG	B	-0.01%
TRU	C	-0.01%
Z	C	-0.01%
QFIN	A	-0.01%
VRSN	C	-0.01%
ANSS	D	-0.01%
CRWD	D	-0.01%
NIO	C	-0.0%