AFLG vs. VCLT ETF Comparison

Comparison of Active Factor Large Cap ETF (AFLG) to Vanguard Long-Term Corporate Bond ETF (VCLT)

AFLG

Active Factor Large Cap ETF

AFLG Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by large capitalization companies. The manager defines large capitalization companies as those that, at the time of investment, have a minimum market capitalization equal to or greater than the minimum market capitalization of a widely recognized index of large capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$35.73

Average Daily Volume

35,934

Number of Holdings ^*

248

* may have additional holdings in another (foreign) market

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

$76.71

Average Daily Volume

2,376,656

Number of Holdings ^*

339

* may have additional holdings in another (foreign) market

Performance

Period	AFLG	VCLT
30 Days	4.50%	-0.42%
60 Days	5.60%	-5.07%
90 Days	7.89%	-3.71%
12 Months	37.65%	8.25%

126 Overlapping Holdings

Symbol	Grade	Weight in AFLG	Weight in VCLT	Overlap
AAPL	C	7.06%	0.04%	0.04%
ABBV	D	0.82%	0.03%	0.03%
ACGL	D	0.17%	0.01%	0.01%
ADM	D	0.06%	0.01%	0.01%
AFL	B	0.75%	0.02%	0.02%
AIG	B	0.28%	0.01%	0.01%
ALL	A	0.08%	0.01%	0.01%
AMAT	F	0.34%	0.03%	0.03%
AMZN	C	1.78%	0.05%	0.05%
AVB	B	0.05%	0.01%	0.01%
AVGO	D	1.27%	0.04%	0.04%
AXP	A	0.41%	0.06%	0.06%
BEN	C	0.17%	0.01%	0.01%
BMY	B	0.58%	0.03%	0.03%
BSX	B	0.68%	0.01%	0.01%
BWA	D	0.03%	0.01%	0.01%
CAH	B	0.11%	0.01%	0.01%
CAT	B	0.56%	0.01%	0.01%
CF	B	0.42%	0.03%	0.03%
CFG	B	0.27%	0.03%	0.03%
CI	F	0.15%	0.02%	0.02%
CL	D	0.58%	0.02%	0.02%
CMCSA	B	0.55%	0.01%	0.01%
CME	A	0.23%	0.03%	0.03%
CMI	A	0.51%	0.02%	0.02%
COST	B	0.9%	0.06%	0.06%
CPT	B	0.15%	0.03%	0.03%
CRM	B	0.59%	0.05%	0.05%
CSCO	B	0.44%	0.07%	0.07%
CVS	D	0.18%	0.01%	0.01%
CVX	A	0.45%	0.02%	0.02%
DELL	C	0.14%	0.11%	0.11%
DVN	F	0.29%	0.03%	0.03%
EA	A	0.32%	0.01%	0.01%
EBAY	D	0.1%	0.03%	0.03%
ECL	D	0.52%	0.02%	0.02%
ED	D	0.25%	0.01%	0.01%
EG	C	0.15%	0.02%	0.02%
EIX	B	0.23%	0.01%	0.01%
EQH	B	0.0%	0.09%	0.0%
EQR	B	0.1%	0.01%	0.01%
ESS	B	0.05%	0.01%	0.01%
ETN	A	0.55%	0.01%	0.01%
EVRG	A	0.29%	0.01%	0.01%
FDX	B	0.24%	0.01%	0.01%
FE	C	0.52%	0.02%	0.02%
FIS	C	0.36%	0.02%	0.02%
FOXA	B	0.55%	0.07%	0.07%
GE	D	0.15%	0.02%	0.02%
GILD	C	0.57%	0.02%	0.02%
GOOGL	C	2.04%	0.04%	0.04%
GWW	B	0.2%	0.02%	0.02%
HIG	B	1.11%	0.01%	0.01%
HPQ	B	0.49%	0.06%	0.06%
HUM	C	0.17%	0.01%	0.01%
IBM	C	0.44%	0.02%	0.02%
ICE	C	0.4%	0.02%	0.02%
IP	B	0.34%	0.01%	0.01%
IPG	D	0.07%	0.01%	0.01%
IVZ	B	0.04%	0.02%	0.02%
JNJ	D	0.7%	0.02%	0.02%
KLAC	D	0.1%	0.02%	0.02%
KMB	D	0.05%	0.01%	0.01%
KO	D	0.33%	0.01%	0.01%
KR	B	0.47%	0.01%	0.01%
L	A	0.18%	0.04%	0.04%
LH	C	0.09%	0.03%	0.03%
LLY	F	0.42%	0.01%	0.01%
LMT	D	0.34%	0.01%	0.01%
LOW	D	0.31%	0.01%	0.01%
LYB	F	0.07%	0.01%	0.01%
MA	C	0.21%	0.02%	0.02%
MAA	B	0.47%	0.01%	0.01%
MAS	D	0.5%	0.01%	0.01%
MCO	B	0.05%	0.02%	0.02%
MET	A	0.04%	0.02%	0.02%
MMM	D	0.55%	0.01%	0.01%
MO	A	0.99%	0.01%	0.01%
MOS	F	0.03%	0.02%	0.02%
MPC	D	0.13%	0.02%	0.02%
MRK	F	0.62%	0.01%	0.01%
MSFT	F	4.6%	0.01%	0.01%
MSI	B	0.39%	0.02%	0.02%
NUE	C	0.37%	0.01%	0.01%
NVDA	C	5.45%	0.03%	0.03%
NXPI	D	0.05%	0.04%	0.04%
OC	A	0.36%	0.01%	0.01%
PEG	A	0.57%	0.01%	0.01%
PFG	D	0.04%	0.01%	0.01%
PG	A	0.84%	0.01%	0.01%
PGR	A	0.73%	0.01%	0.01%
PH	A	0.23%	0.02%	0.02%
PHM	D	0.52%	0.01%	0.01%
PKG	A	0.36%	0.03%	0.03%
PM	B	0.35%	0.02%	0.02%
PPL	B	0.05%	0.01%	0.01%
PRU	A	0.09%	0.01%	0.01%
PSX	C	0.09%	0.03%	0.03%
QCOM	F	0.88%	0.02%	0.02%
RF	A	0.29%	0.01%	0.01%
RPM	A	0.11%	0.03%	0.03%
SCCO	F	0.11%	0.05%	0.05%
SHW	A	0.19%	0.01%	0.01%
SNA	A	0.63%	0.01%	0.01%
SO	D	0.13%	0.01%	0.01%
SPG	B	0.58%	0.01%	0.01%
SPGI	C	0.08%	0.03%	0.03%
STLD	B	0.47%	0.02%	0.02%
SYK	C	0.15%	0.02%	0.02%
T	A	0.18%	0.01%	0.01%
TJX	A	0.38%	0.04%	0.04%
TMUS	B	0.35%	0.03%	0.03%
TT	A	0.49%	0.01%	0.01%
UDR	B	0.05%	0.01%	0.01%
UNH	C	0.27%	0.01%	0.01%
V	A	0.3%	0.02%	0.02%
VLO	C	0.31%	0.03%	0.03%
VTR	C	0.21%	0.01%	0.01%
VTRS	A	0.1%	0.03%	0.03%
VZ	C	0.49%	0.01%	0.01%
WBA	F	0.03%	0.04%	0.03%
WELL	A	0.32%	0.01%	0.01%
WMT	A	0.61%	0.02%	0.02%
WPC	D	0.21%	0.02%	0.02%
WU	D	0.29%	0.03%	0.03%
XOM	B	0.74%	0.02%	0.02%

AFLG Overweight 122 Positions Relative to VCLT

Symbol	Grade	Weight
META	D	1.8%
BRK.A	B	1.57%
APP	B	1.29%
VST	B	1.26%
NFLX	A	0.91%
UHS	D	0.89%
NRG	B	0.81%
FICO	B	0.8%
RL	B	0.79%
BK	A	0.73%
CTAS	B	0.7%
EME	C	0.68%
ELV	F	0.67%
RS	B	0.66%
NTAP	C	0.63%
CEG	D	0.62%
FFIV	B	0.6%
APH	A	0.58%
COR	B	0.57%
GDDY	A	0.55%
MCK	B	0.53%
BBY	D	0.47%
NVR	D	0.47%
TPR	B	0.47%
HWM	A	0.46%
CTSH	B	0.45%
VICI	C	0.44%
GLPI	C	0.42%
CNA	B	0.42%
WSM	B	0.41%
GRMN	B	0.41%
PCAR	B	0.39%
CSL	C	0.39%
HSIC	B	0.39%
IBKR	A	0.39%
WAB	B	0.38%
CBOE	B	0.38%
AOS	F	0.38%
HST	C	0.37%
HLT	A	0.36%
TRGP	B	0.36%
RHI	B	0.36%
BLDR	D	0.33%
CMG	B	0.32%
DHI	D	0.32%
LEN	D	0.32%
ADBE	C	0.31%
BRO	B	0.3%
SYF	B	0.29%
VSCO	B	0.28%
DECK	A	0.28%
BKNG	A	0.28%
OGN	D	0.27%
MANH	D	0.25%
SOLV	C	0.25%
MTCH	D	0.25%
LII	A	0.25%
ERIE	D	0.24%
ZM	B	0.23%
KEYS	A	0.22%
INCY	C	0.22%
ACN	C	0.22%
VRSN	F	0.21%
ALNY	D	0.21%
EXPE	B	0.21%
NWSA	B	0.2%
TROW	B	0.2%
SWKS	F	0.2%
PPG	F	0.19%
CNC	D	0.19%
JBL	B	0.18%
BAH	F	0.17%
AZO	C	0.17%
TOL	B	0.16%
AMP	A	0.16%
GL	B	0.16%
AIZ	A	0.16%
LKQ	D	0.16%
VRT	B	0.16%
ULTA	F	0.14%
BBWI	D	0.13%
ANET	C	0.13%
LDOS	C	0.13%
IT	C	0.12%
FI	A	0.12%
RMD	C	0.1%
GEN	B	0.1%
KHC	F	0.1%
ETSY	D	0.09%
SSNC	B	0.09%
CRBG	B	0.09%
BLK	C	0.09%
TPL	A	0.08%
J	F	0.08%
DXC	B	0.08%
MOH	F	0.08%
BG	F	0.07%
CVNA	B	0.07%
TXT	D	0.07%
ROL	B	0.06%
SNPS	B	0.06%
DINO	D	0.06%
DASH	A	0.06%
WSO	A	0.06%
ZION	B	0.06%
ORLY	B	0.06%
DPZ	C	0.05%
WTW	B	0.05%
QRVO	F	0.05%
EPAM	C	0.05%
CDNS	B	0.05%
STT	A	0.05%
PSA	D	0.05%
PINS	D	0.04%
AMCR	D	0.04%
HOLX	D	0.04%
ROST	C	0.04%
DKS	C	0.04%
UTHR	C	0.04%
CDW	F	0.03%
ALLE	D	0.01%
TDG	D	0.0%

AFLG Underweight 213 Positions Relative to VCLT

Symbol	Grade	Weight
WIT	A	-0.21%
MDT	D	-0.08%
FITB	A	-0.07%
WY	D	-0.07%
DD	D	-0.07%
HCA	F	-0.06%
CARR	D	-0.06%
CAG	D	-0.05%
BIIB	F	-0.05%
TAP	C	-0.05%
MS	A	-0.05%
LIN	D	-0.04%
DT	C	-0.04%
BHF	B	-0.04%
GPN	B	-0.04%
JNPR	F	-0.04%
NEM	D	-0.04%
HPE	B	-0.04%
BHP	F	-0.04%
ORCL	B	-0.04%
ORI	A	-0.03%
FTV	C	-0.03%
FANG	D	-0.03%
AAL	B	-0.03%
STE	F	-0.03%
WEST	C	-0.03%
WM	A	-0.03%
NOV	C	-0.03%
MLM	B	-0.03%
OHI	C	-0.03%
LEA	D	-0.03%
DG	F	-0.03%
PYPL	B	-0.03%
RPRX	D	-0.03%
APD	A	-0.03%
AMT	D	-0.03%
MDLZ	F	-0.03%
MAR	B	-0.03%
ITW	B	-0.03%
CB	C	-0.03%
RJF	A	-0.03%
MUFG	B	-0.03%
MPLX	A	-0.03%
ALLY	C	-0.03%
INTC	D	-0.03%
CHTR	C	-0.03%
ABT	B	-0.03%
PWR	A	-0.02%
PECO	A	-0.02%
SCHW	B	-0.02%
REGN	F	-0.02%
CHD	B	-0.02%
ZBH	C	-0.02%
FMC	D	-0.02%
BAX	D	-0.02%
CINF	A	-0.02%
OGS	A	-0.02%
LHX	C	-0.02%
O	D	-0.02%
HRL	D	-0.02%
HOG	D	-0.02%
SBRA	C	-0.02%
TEL	B	-0.02%
AFG	A	-0.02%
CPB	D	-0.02%
VMI	B	-0.02%
XYL	D	-0.02%
WTRG	B	-0.02%
WHR	B	-0.02%
AJG	B	-0.02%
AVY	D	-0.02%
KSS	F	-0.02%
MKC	D	-0.02%
NWE	B	-0.02%
K	A	-0.02%
PAA	B	-0.02%
LRCX	F	-0.02%
EMN	D	-0.02%
ADI	D	-0.02%
ROK	B	-0.02%
NDAQ	A	-0.02%
LNC	B	-0.02%
VRSK	A	-0.02%
ES	D	-0.02%
STZ	D	-0.02%
OTIS	C	-0.02%
CCI	D	-0.02%
CP	D	-0.02%
NI	A	-0.02%
TXN	C	-0.02%
SWK	D	-0.02%
DHR	F	-0.02%
DE	A	-0.02%
TGT	F	-0.02%
HES	B	-0.02%
DOW	F	-0.02%
UPS	C	-0.02%
TSN	B	-0.02%
HAL	C	-0.02%
EPD	A	-0.02%
PEP	F	-0.02%
NOC	D	-0.02%
COP	C	-0.02%
RTX	C	-0.02%
PFE	D	-0.02%
AZN	D	-0.02%
HSBC	B	-0.02%
VOD	F	-0.02%
GSK	F	-0.02%
BAC	A	-0.02%
HIW	D	-0.01%
FRT	B	-0.01%
AGO	B	-0.01%
AMH	D	-0.01%
EXR	D	-0.01%
BXP	D	-0.01%
AVA	A	-0.01%
APTV	D	-0.01%
DRI	B	-0.01%
ALB	C	-0.01%
INGR	B	-0.01%
IDA	A	-0.01%
EMR	A	-0.01%
LXP	D	-0.01%
OPI	F	-0.01%
JD	D	-0.01%
SIGI	C	-0.01%
DOC	D	-0.01%
ADC	B	-0.01%
CACC	D	-0.01%
FNF	B	-0.01%
AES	F	-0.01%
OGE	B	-0.01%
REG	B	-0.01%
EE	A	-0.01%
BKH	A	-0.01%
SWX	B	-0.01%
VOYA	B	-0.01%
DOV	A	-0.01%
KRC	C	-0.01%
EQIX	A	-0.01%
KIM	A	-0.01%
UAL	A	-0.01%
MKL	A	-0.01%
HSY	F	-0.01%
KOF	F	-0.01%
EOG	A	-0.01%
WRB	A	-0.01%
PNW	B	-0.01%
PLD	D	-0.01%
SJM	D	-0.01%
RSG	A	-0.01%
DTE	C	-0.01%
JEF	A	-0.01%
IFF	D	-0.01%
HAS	D	-0.01%
AWK	D	-0.01%
UNM	A	-0.01%
WEC	A	-0.01%
ATO	A	-0.01%
AEP	D	-0.01%
AEE	A	-0.01%
AON	A	-0.01%
ZTS	D	-0.01%
SRE	A	-0.01%
VMC	B	-0.01%
NNN	D	-0.01%
NEE	D	-0.01%
KDP	D	-0.01%
EXC	C	-0.01%
CNP	B	-0.01%
CMS	C	-0.01%
LNT	A	-0.01%
XEL	A	-0.01%
WLK	D	-0.01%
GLW	B	-0.01%
JCI	C	-0.01%
EL	F	-0.01%
TRV	B	-0.01%
TMO	F	-0.01%
MMC	B	-0.01%
HON	B	-0.01%
JBLU	F	-0.01%
D	C	-0.01%
CSX	B	-0.01%
ETR	B	-0.01%
ARE	D	-0.01%
SBUX	A	-0.01%
GIS	D	-0.01%
KMI	A	-0.01%
GD	F	-0.01%
WMB	A	-0.01%
OKE	A	-0.01%
DUK	C	-0.01%
MRO	B	-0.01%
NSC	B	-0.01%
GM	B	-0.01%
ET	A	-0.01%
SYY	B	-0.01%
NKE	D	-0.01%
MCD	D	-0.01%
UNP	C	-0.01%
DIS	B	-0.01%
BABA	D	-0.01%
BDX	F	-0.01%
C	A	-0.01%
PCG	A	-0.01%
JPM	A	-0.01%
HD	A	-0.01%
AMGN	D	-0.01%
WFC	A	-0.01%
BA	F	-0.01%
GS	A	-0.01%