VGK vs. LCTD ETF Comparison

Comparison of Vanguard FTSE European ETF (VGK) to BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD)

VGK

Vanguard FTSE European ETF

VGK Description

The investment seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in the major markets of Europe. The fund employs an indexing investment approach by investing all, or substantially all, of its assets in the common stocks included in the FTSE Developed Europe Index. The FTSE Developed Europe Index is made up of approximately 497 common stocks of companies located in 17 European countries-mostly companies in the United Kingdom, France, Switzerland, and Germany (which made up approximately 34%, 15%, 14%, and 13%, respectively, of the index's market capitalization as of May 31, 2013).

Grade (RS Rating)

Last Trade

$69.67

Average Daily Volume

1,639,365

Number of Holdings ^*

* may have additional holdings in another (foreign) market

LCTD

BlackRock World ex U.S. Carbon Transition Readiness ETF

LCTD Description

The investment seeks long-term capital appreciation by investing in large- and mid-capitalization World ex U.S. equity securities that may be better positioned to benefit from the transition to a low-carbon economy. The fund seeks to outperform the price and yield performance of the MSCI World ex USA Index. The Advisor selects portfolio securities that are components of the index. The index measures the performance of large- and mid-capitalization stocks across global developed market countries, excluding the U.S. It is non-diversified.

Grade (RS Rating)

Last Trade

$48.00

Average Daily Volume

31,332

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VGK	LCTD
30 Days	0.60%	2.37%
60 Days	7.34%	11.26%
90 Days	2.12%	4.84%
12 Months	26.12%	23.43%

8 Overlapping Holdings

Symbol	Grade	Weight in VGK	Weight in LCTD	Overlap
ABBV	C	0.7%	0.65%	0.65%
BCS	B	0.35%	0.36%	0.35%
DEO	C	0.56%	1.06%	0.56%
LYG	C	0.37%	0.33%	0.33%
NVS	D	1.89%	1.63%	1.63%
QGEN	F	0.08%	0.22%	0.08%
STLA	F	0.27%	0.03%	0.03%
UL	D	1.22%	0.08%	0.08%

VGK Overweight 10 Positions Relative to LCTD

Symbol	Grade	Weight
FLUT	B	0.29%
E	C	0.28%
SW	C	0.19%
LOGI	D	0.11%
FRO	B	0.03%
HAFN	B	0.02%
FLNG	B	0.01%
TRMD	D	0.01%
GOGL	C	0.01%
GEN	A	0.0%

VGK Underweight 11 Positions Relative to LCTD

Symbol	Grade	Weight
TD	B	-1.55%
HMC	D	-1.01%
TM	D	-0.77%
MUFG	D	-0.6%
CCEP	C	-0.43%
SONY	C	-0.4%
NMR	F	-0.33%
SHOP	B	-0.32%
CYBR	C	-0.26%
SE	B	-0.07%
CNI	D	-0.04%