VFMF vs. SIZE ETF Comparison

Comparison of Vanguard U.S. Multifactor ETF (VFMF) to iShares MSCI USA Size Factor (SIZE)

VFMF

Vanguard U.S. Multifactor ETF

VFMF Description

The investment seeks to provide long-term capital appreciation by investing in stocks with relatively strong recent performance, strong fundamentals, and low prices relative to fundamentals as determined by the advisor. The fund invests primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by investing in stocks with relatively strong recent performance, strong fundamentals, and low prices relative to fundamentals as determined by the advisor. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$131.01

Average Daily Volume

8,779

Number of Holdings ^*

446

* may have additional holdings in another (foreign) market

SIZE

iShares MSCI USA Size Factor

SIZE Description

The investment seeks to track the performance of MSCI USA Risk Weighted Index that measures the performance of U.S. large- and mid-capitalization stocks with relatively smaller average market capitalization, before fees and expenses. The fund generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The MSCI USA Risk Weighted Index (the "underlying index") is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid- capitalization stocks.

Grade (RS Rating)

Last Trade

$148.92

Average Daily Volume

4,181

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	VFMF	SIZE
30 Days	3.80%	3.97%
60 Days	3.06%	5.92%
90 Days	7.60%	8.19%
12 Months	27.79%	25.37%

28 Overlapping Holdings

Symbol	Grade	Weight in VFMF	Weight in SIZE	Overlap
AFL	C	0.97%	0.41%	0.41%
AMAT	D	1.04%	1.33%	1.04%
ANET	B	0.62%	0.71%	0.62%
CAT	B	0.74%	1.28%	0.74%
CBOE	C	0.32%	0.15%	0.15%
COP	D	0.49%	1.62%	0.49%
COST	B	0.47%	2.62%	0.47%
DECK	C	0.05%	0.44%	0.05%
DHI	B	0.21%	0.86%	0.21%
EME	B	0.2%	0.13%	0.13%
GOOG	D	1.1%	1.43%	1.1%
GOOGL	D	0.61%	1.65%	0.61%
KLAC	D	0.64%	0.95%	0.64%
LPLA	D	0.08%	0.12%	0.08%
LRCX	F	0.92%	0.81%	0.81%
META	B	0.85%	3.93%	0.85%
MMM	B	0.75%	0.53%	0.53%
MOH	D	0.14%	0.12%	0.12%
NTAP	D	0.12%	0.22%	0.12%
NVDA	D	0.44%	5.9%	0.44%
NVR	B	0.15%	0.55%	0.15%
PHM	B	0.75%	0.48%	0.48%
PKG	B	0.18%	0.09%	0.09%
QCOM	D	0.88%	1.22%	0.88%
RS	D	0.19%	0.08%	0.08%
TJX	B	0.43%	2.06%	0.43%
ULTA	D	0.03%	0.33%	0.03%
WSM	D	0.28%	0.32%	0.28%

VFMF Overweight 418 Positions Relative to SIZE

Symbol	Grade	Weight
WFC	D	1.71%
AIG	D	1.6%
VLO	F	1.11%
BK	B	1.08%
FANG	D	1.08%
HIG	B	1.04%
SYF	C	1.01%
MPC	F	0.99%
ABBV	C	0.97%
MLI	A	0.94%
MTG	B	0.9%
BKNG	C	0.89%
MCK	F	0.87%
BPOP	C	0.81%
APO	C	0.78%
AXP	B	0.78%
JPM	D	0.77%
KR	C	0.74%
NUE	F	0.74%
PSX	F	0.67%
FDX	C	0.65%
IBM	B	0.64%
GILD	B	0.61%
OFG	C	0.59%
EOG	D	0.58%
HCA	B	0.57%
TMHC	A	0.57%
XOM	C	0.55%
OMF	D	0.53%
PCAR	D	0.53%
CAH	C	0.53%
VZ	B	0.53%
ARCH	F	0.53%
WMT	C	0.5%
BCC	B	0.5%
OC	D	0.49%
CI	C	0.47%
PVH	F	0.46%
TGT	C	0.45%
HRB	C	0.45%
M	F	0.45%
AZO	D	0.45%
ORI	B	0.44%
COLL	C	0.43%
SLM	D	0.42%
NWS	D	0.41%
CVX	D	0.4%
ALSN	B	0.4%
GIII	C	0.4%
KELYA	D	0.4%
SIG	C	0.38%
WFRD	F	0.38%
AMAL	B	0.38%
ANDE	D	0.37%
UFPI	C	0.35%
WRB	C	0.34%
RDN	C	0.34%
EIG	C	0.34%
SCS	D	0.34%
FULT	D	0.34%
KMB	D	0.33%
FBP	C	0.33%
PRDO	D	0.31%
PRI	B	0.31%
GFF	D	0.3%
AMKR	F	0.3%
SKX	D	0.3%
ASC	D	0.29%
NMIH	B	0.29%
EAT	A	0.29%
TK	C	0.29%
CRM	D	0.29%
MLKN	D	0.28%
TNK	F	0.28%
SIGA	D	0.27%
ACT	B	0.27%
UNM	B	0.27%
NTB	C	0.26%
CNO	B	0.26%
JBL	D	0.25%
ASO	C	0.25%
AYI	B	0.25%
WTTR	D	0.25%
NSIT	D	0.25%
IBOC	D	0.25%
MTH	A	0.24%
GM	C	0.24%
TPC	C	0.24%
HP	F	0.24%
CAL	F	0.23%
PFBC	D	0.23%
MSM	D	0.23%
SRCE	C	0.23%
STNG	D	0.23%
EVR	A	0.23%
CLF	F	0.23%
CPAY	B	0.22%
PR	F	0.22%
EWBC	D	0.22%
CFG	C	0.22%
MBIN	D	0.22%
ATKR	F	0.22%
DELL	D	0.22%
KD	D	0.21%
GNW	B	0.21%
MUR	F	0.21%
FNF	B	0.21%
CTRA	D	0.21%
HPQ	D	0.21%
SXC	F	0.21%
MHO	B	0.21%
DBX	D	0.21%
CENTA	F	0.21%
TOL	B	0.21%
TEX	F	0.21%
CHRD	F	0.21%
STLD	F	0.21%
STT	A	0.21%
EQH	C	0.21%
CATY	C	0.21%
CASH	B	0.2%
DINO	F	0.2%
AAL	D	0.2%
BG	D	0.2%
CPF	B	0.2%
AX	D	0.2%
GMS	D	0.2%
THO	D	0.2%
BLD	D	0.2%
CACC	F	0.2%
ESGR	D	0.19%
NR	D	0.19%
VGR	B	0.19%
OMI	D	0.19%
PLAB	F	0.19%
AMWD	D	0.19%
RL	C	0.19%
AGO	C	0.19%
BBWI	F	0.19%
SKYW	C	0.19%
ATGE	C	0.19%
ZEUS	F	0.19%
CNC	D	0.19%
LEN	B	0.18%
DHT	D	0.18%
SCHL	D	0.18%
DKS	D	0.18%
CVCO	A	0.18%
REVG	D	0.18%
PUMP	D	0.18%
IMKTA	D	0.18%
DLX	D	0.17%
BELFB	B	0.17%
VIRT	C	0.17%
TNL	D	0.17%
BLX	C	0.17%
AIT	A	0.17%
CLW	F	0.17%
VCTR	B	0.17%
CRC	C	0.17%
CALM	A	0.17%
COOP	C	0.17%
JEF	B	0.17%
DOX	C	0.16%
HCC	F	0.16%
OZK	D	0.16%
R	A	0.16%
WMK	C	0.16%
AMRX	B	0.16%
GAP	F	0.16%
SCSC	D	0.16%
RRC	D	0.16%
SM	F	0.16%
CMC	D	0.16%
VNT	F	0.16%
CR	C	0.16%
CRBG	D	0.16%
ENS	D	0.16%
DESP	C	0.15%
BV	C	0.15%
URBN	F	0.15%
INSW	D	0.15%
PLUS	A	0.15%
LPG	F	0.15%
KBH	A	0.15%
ARW	C	0.15%
WABC	D	0.15%
SNA	C	0.15%
CF	C	0.15%
MUSA	D	0.15%
TILE	B	0.15%
CNOB	B	0.15%
HWKN	C	0.15%
PATK	B	0.15%
FTI	D	0.15%
URI	B	0.15%
ETH	D	0.14%
DNOW	D	0.14%
PFGC	B	0.14%
FCF	C	0.14%
SPOK	C	0.14%
AN	D	0.14%
ODP	F	0.14%
FIX	B	0.14%
IESC	C	0.14%
QCRH	B	0.14%
AEO	F	0.14%
OVV	F	0.14%
OLN	D	0.14%
PHIN	B	0.14%
ESAB	C	0.14%
TPR	C	0.14%
NAT	D	0.14%
WCC	D	0.13%
ROCK	D	0.13%
MRC	D	0.13%
JELD	D	0.13%
TNET	F	0.13%
YETI	D	0.13%
CNXN	B	0.13%
CHCO	B	0.13%
FLWS	F	0.13%
KTB	B	0.13%
MATX	B	0.12%
TAP	D	0.12%
WNC	F	0.12%
RCL	B	0.12%
CSTM	F	0.12%
BBW	C	0.12%
WLK	D	0.12%
PFSI	C	0.12%
SSD	D	0.12%
CTSH	C	0.12%
KNTK	B	0.12%
CEIX	D	0.12%
GL	C	0.12%
CVLT	B	0.12%
TPH	C	0.12%
REX	D	0.12%
EXPE	C	0.12%
NXST	D	0.11%
GPC	D	0.11%
SWKS	D	0.11%
RES	D	0.11%
DAKT	D	0.11%
NMRK	A	0.11%
PTVE	D	0.11%
AZZ	D	0.11%
SFL	F	0.11%
BRY	F	0.11%
SANM	D	0.11%
RAMP	F	0.11%
FOR	C	0.11%
LYB	D	0.11%
OXM	F	0.11%
JOE	C	0.11%
NAVI	C	0.1%
PH	B	0.1%
WGO	D	0.1%
EXEL	C	0.1%
WHD	C	0.1%
MOG.A	B	0.1%
SPTN	C	0.1%
FCX	D	0.1%
BLDR	C	0.1%
AGX	B	0.1%
BXC	D	0.1%
STBA	B	0.1%
MBUU	D	0.1%
GPOR	D	0.1%
BTU	D	0.1%
MTDR	F	0.1%
HAFC	C	0.1%
MTUS	F	0.1%
WEX	C	0.1%
SAIA	D	0.1%
COKE	C	0.1%
ARCB	D	0.09%
QLYS	F	0.09%
BUSE	C	0.09%
BOKF	B	0.09%
APOG	B	0.09%
CVBF	D	0.09%
DXPE	C	0.09%
CIVI	F	0.09%
GNK	D	0.09%
CNM	F	0.09%
SFBS	B	0.09%
EXP	B	0.09%
IIIN	D	0.09%
SD	D	0.09%
LRN	B	0.09%
CNX	B	0.09%
AGCO	D	0.09%
PSMT	B	0.08%
CSL	B	0.08%
MCY	D	0.08%
PLPC	D	0.08%
AHCO	C	0.08%
JWN	C	0.08%
ACCO	C	0.08%
OSUR	D	0.08%
WSFS	D	0.08%
IDT	C	0.08%
TBBK	B	0.08%
MRK	D	0.08%
PBF	F	0.08%
NOG	D	0.07%
BHLB	B	0.07%
STRL	B	0.07%
WU	F	0.07%
IDCC	B	0.07%
MYRG	F	0.07%
BECN	D	0.07%
AXL	F	0.07%
BBSI	B	0.07%
SFNC	B	0.07%
CNA	C	0.07%
UVV	D	0.07%
KSS	F	0.07%
GES	F	0.07%
AGM	D	0.07%
WOR	D	0.07%
LZB	C	0.07%
AMZN	C	0.07%
HVT	D	0.07%
MOV	F	0.07%
CRVL	B	0.07%
GRBK	B	0.07%
WMS	D	0.07%
SBSI	B	0.07%
VFC	C	0.06%
NX	F	0.06%
XRX	D	0.06%
GRNT	D	0.06%
ZIMV	F	0.06%
HBI	B	0.06%
OSBC	C	0.06%
CG	D	0.06%
RNR	C	0.06%
LBRT	D	0.06%
CASY	D	0.06%
TMUS	C	0.06%
BWA	D	0.06%
UA	D	0.06%
LOPE	D	0.06%
CACI	B	0.06%
EBAY	B	0.06%
RGP	F	0.06%
APG	D	0.06%
CPRX	A	0.06%
LEN	B	0.06%
PFG	B	0.06%
TCBI	B	0.05%
ANIP	D	0.05%
BKE	B	0.05%
BC	C	0.05%
SCVL	B	0.05%
YELP	F	0.05%
PPC	D	0.05%
TNC	F	0.05%
MGY	C	0.05%
MET	B	0.05%
CBT	B	0.05%
LOW	B	0.05%
HPE	D	0.05%
PSTG	F	0.05%
HELE	D	0.05%
AMSF	C	0.05%
LQDT	B	0.05%
JBI	F	0.05%
LYTS	C	0.05%
DOLE	A	0.05%
STRA	F	0.04%
HEES	D	0.04%
MEDP	F	0.04%
SXI	C	0.04%
MCRI	C	0.04%
TRST	C	0.04%
BKU	C	0.04%
CHE	C	0.04%
BRKL	C	0.04%
HNI	C	0.04%
SHOO	B	0.04%
GOLF	D	0.04%
MCFT	F	0.04%
AMG	C	0.04%
CTS	D	0.04%
VTRS	D	0.04%
KFRC	D	0.04%
ALKS	C	0.04%
DDS	F	0.04%
ROST	C	0.04%
FARO	D	0.03%
SMP	C	0.03%
BYD	C	0.03%
GPK	B	0.03%
THRY	D	0.03%
ATEN	C	0.03%
HOV	C	0.03%
BERY	B	0.03%
HSTM	C	0.03%
KMT	B	0.03%
AMRK	C	0.03%
EPAC	B	0.03%
THFF	B	0.03%
DBI	F	0.03%
PRLB	F	0.03%
EPM	C	0.03%
FELE	C	0.03%
CCRN	F	0.03%
INMD	D	0.03%
JACK	F	0.03%
HIMS	D	0.02%
FFIV	B	0.02%
GPI	B	0.02%
MAN	C	0.02%
JAZZ	D	0.02%

VFMF Underweight 95 Positions Relative to SIZE

Symbol	Grade	Weight
AAPL	C	-5.47%
MSFT	C	-4.74%
LLY	C	-4.3%
V	C	-4.24%
MA	B	-4.06%
UNH	C	-2.87%
JNJ	C	-2.35%
ADBE	F	-1.91%
KO	C	-1.69%
ACN	C	-1.68%
ADP	B	-1.66%
CSCO	C	-1.53%
NFLX	B	-1.51%
NKE	D	-1.47%
TXN	C	-1.36%
PEP	C	-1.25%
CMG	C	-1.23%
LIN	B	-1.21%
LMT	C	-1.17%
SRE	C	-0.85%
BLK	B	-0.85%
SLB	F	-0.84%
PLD	C	-0.83%
MMC	C	-0.78%
ITW	C	-0.69%
PEG	B	-0.67%
VRTX	D	-0.66%
PSA	B	-0.6%
CTAS	B	-0.59%
SHW	B	-0.58%
LULU	D	-0.56%
ZTS	C	-0.56%
MCO	B	-0.55%
CDNS	D	-0.55%
ED	C	-0.55%
CME	C	-0.51%
GWW	B	-0.5%
SNPS	D	-0.48%
PAYX	C	-0.47%
APH	D	-0.46%
TSCO	C	-0.45%
GRMN	D	-0.41%
ATO	B	-0.38%
IDXX	C	-0.36%
FAST	C	-0.36%
TPL	B	-0.35%
APD	B	-0.32%
CBRE	A	-0.32%
BBY	C	-0.31%
ODFL	D	-0.3%
MPWR	C	-0.29%
ACGL	C	-0.29%
CSGP	D	-0.29%
FERG	D	-0.28%
AMP	A	-0.26%
AVB	B	-0.25%
EW	F	-0.25%
VLTO	C	-0.23%
POOL	C	-0.22%
A	C	-0.22%
MNST	D	-0.21%
APA	F	-0.2%
ROK	D	-0.2%
RMD	C	-0.19%
MANH	B	-0.19%
EQR	B	-0.19%
EQT	D	-0.18%
HSY	C	-0.18%
EA	D	-0.18%
TROW	D	-0.17%
PPG	D	-0.16%
KEYS	C	-0.16%
VEEV	C	-0.16%
SMCI	F	-0.15%
EXPD	C	-0.13%
WST	D	-0.12%
ROL	C	-0.12%
WAT	C	-0.12%
OMC	B	-0.11%
ENPH	D	-0.11%
WSO	C	-0.11%
ERIE	B	-0.11%
FDS	C	-0.11%
JKHY	B	-0.1%
GGG	C	-0.1%
AVY	C	-0.09%
UTHR	C	-0.08%
AOS	D	-0.07%
MKTX	C	-0.07%
IPG	C	-0.06%
SEIC	C	-0.06%
AFG	B	-0.06%
PAYC	D	-0.06%
SOLV	C	-0.05%
WBA	F	-0.03%