BIV vs. BND ETF Comparison

Comparison of Vanguard Intermediate-Term Bond ETF (BIV) to Vanguard Total Bond Market ETF (BND)

BIV

Vanguard Intermediate-Term Bond ETF

BIV Description

The investment seeks the performance of a market-weighted bond index with an intermediate-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 5-10 Year Government/Credit Float Adjusted Index. This Index includes all medium and larger issues of U.S. government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities between 5 and 10 years and are publicly issued. 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 held in the index.

Grade (RS Rating)

Last Trade

$75.71

Average Daily Volume

1,078,241

Number of Holdings ^*

484

* may have additional holdings in another (foreign) market

BND

Vanguard Total Bond Market ETF

BND Description

The investment seeks the performance of a broad, market-weighted bond index. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. Aggregate Float Adjusted Index. This Index represents a wide spectrum of public, investment-grade, taxable, fixed income securities in the United States-including government, corporate, and international dollar-denominated bonds, as well as mortgage-backed and asset-backed securities-all with maturities of more than 1 year. 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 held in the index.

Grade (RS Rating)

Last Trade

$72.83

Average Daily Volume

5,858,437

Number of Holdings ^*

545

* may have additional holdings in another (foreign) market

Performance

Period	BIV	BND
30 Days	-1.74%	-1.47%
60 Days	-2.56%	-2.25%
90 Days	-0.80%	-0.52%
12 Months	8.35%	8.13%

483 Overlapping Holdings

Symbol	Grade	Weight in BIV	Weight in BND	Overlap
A	B	0.01%	0.01%	0.01%
AAL	B	0.01%	0.01%	0.01%
AAP	F	0.02%	0.01%	0.01%
AAPL	C	0.01%	0.01%	0.01%
AAT	B	0.01%	0.01%	0.01%
ABBV	A	0.05%	0.01%	0.01%
ABT	A	0.01%	0.01%	0.01%
ACGL	F	0.01%	0.01%	0.01%
ADBE	F	0.02%	0.01%	0.01%
ADC	C	0.01%	0.01%	0.01%
ADI	C	0.02%	0.01%	0.01%
ADM	F	0.02%	0.01%	0.01%
ADP	A	0.02%	0.01%	0.01%
ADSK	A	0.01%	0.01%	0.01%
AEE	B	0.01%	0.01%	0.01%
AEP	D	0.01%	0.01%	0.01%
AER	C	0.01%	0.01%	0.01%
AES	F	0.01%	0.01%	0.01%
AFG	D	0.01%	0.01%	0.01%
AFL	D	0.01%	0.01%	0.01%
AGO	B	0.01%	0.01%	0.01%
AGR	C	0.01%	0.01%	0.01%
AIG	B	0.01%	0.01%	0.01%
AIZ	D	0.01%	0.01%	0.01%
AL	C	0.01%	0.01%	0.01%
ALL	D	0.01%	0.01%	0.01%
ALLE	C	0.01%	0.01%	0.01%
AMAT	F	0.01%	0.01%	0.01%
AMCR	D	0.01%	0.01%	0.01%
AMG	C	0.02%	0.01%	0.01%
AMGN	D	0.01%	0.01%	0.01%
AMH	F	0.01%	0.01%	0.01%
AMT	D	0.01%	0.01%	0.01%
AMZN	A	0.02%	0.01%	0.01%
AN	D	0.01%	0.01%	0.01%
AON	A	0.01%	0.01%	0.01%
APD	B	0.01%	0.01%	0.01%
APH	B	0.01%	0.01%	0.01%
APTV	F	0.01%	0.01%	0.01%
ARCC	B	0.02%	0.01%	0.01%
ARE	F	0.01%	0.01%	0.01%
ARW	F	0.01%	0.01%	0.01%
ATO	B	0.01%	0.01%	0.01%
AVB	C	0.01%	0.01%	0.01%
AVGO	C	0.01%	0.01%	0.01%
AVT	B	0.01%	0.01%	0.01%
AVY	F	0.01%	0.01%	0.01%
AWK	D	0.01%	0.01%	0.01%
AXP	B	0.05%	0.01%	0.01%
AXS	B	0.01%	0.01%	0.01%
AYI	A	0.01%	0.01%	0.01%
AZN	F	0.01%	0.01%	0.01%
AZO	D	0.01%	0.01%	0.01%
BA	D	0.01%	0.01%	0.01%
BABA	B	0.03%	0.01%	0.01%
BAC	B	0.01%	0.01%	0.01%
BAX	F	0.01%	0.01%	0.01%
BBY	C	0.01%	0.01%	0.01%
BC	D	0.02%	0.01%	0.01%
BDN	D	0.01%	0.01%	0.01%
BDX	D	0.01%	0.01%	0.01%
BEN	C	0.01%	0.01%	0.01%
BERY	A	0.01%	0.01%	0.01%
BG	F	0.01%	0.01%	0.01%
BHF	B	0.01%	0.01%	0.01%
BIDU	F	0.01%	0.01%	0.01%
BIIB	F	0.04%	0.01%	0.01%
BK	B	0.01%	0.01%	0.01%
BKH	D	0.01%	0.01%	0.01%
BKNG	A	0.01%	0.01%	0.01%
BLK	A	0.01%	0.01%	0.01%
BMO	B	0.03%	0.01%	0.01%
BMY	A	0.01%	0.01%	0.01%
BNS	A	0.01%	0.01%	0.01%
BR	C	0.02%	0.01%	0.01%
BRO	A	0.01%	0.01%	0.01%
BRX	A	0.01%	0.01%	0.01%
BSX	B	0.02%	0.01%	0.01%
BWA	D	0.03%	0.01%	0.01%
BXP	C	0.01%	0.01%	0.01%
C	B	0.01%	0.01%	0.01%
CAG	F	0.02%	0.01%	0.01%
CAH	B	0.03%	0.01%	0.01%
CARR	D	0.02%	0.01%	0.01%
CAT	B	0.01%	0.01%	0.01%
CB	D	0.03%	0.01%	0.01%
CBOE	B	0.01%	0.01%	0.01%
CBT	A	0.01%	0.01%	0.01%
CCI	D	0.01%	0.01%	0.01%
CE	F	0.01%	0.01%	0.01%
CFG	B	0.01%	0.01%	0.01%
CHD	B	0.01%	0.01%	0.01%
CHRW	C	0.02%	0.01%	0.01%
CHTR	A	0.02%	0.01%	0.01%
CI	F	0.01%	0.01%	0.01%
CINF	B	0.01%	0.01%	0.01%
CLX	B	0.01%	0.01%	0.01%
CMA	B	0.01%	0.01%	0.01%
CMCSA	A	0.01%	0.01%	0.01%
CME	B	0.01%	0.01%	0.01%
CMI	B	0.01%	0.01%	0.01%
CMS	C	0.01%	0.01%	0.01%
CNA	D	0.01%	0.01%	0.01%
CNH	B	0.01%	0.01%	0.01%
CNO	A	0.02%	0.01%	0.01%
CNP	B	0.01%	0.01%	0.01%
COF	A	0.01%	0.01%	0.01%
COP	C	0.01%	0.01%	0.01%
COST	D	0.01%	0.01%	0.01%
CP	D	0.01%	0.01%	0.01%
CPB	D	0.02%	0.01%	0.01%
CPT	D	0.01%	0.01%	0.01%
CRM	A	0.02%	0.01%	0.01%
CSL	D	0.01%	0.01%	0.01%
CSX	F	0.01%	0.01%	0.01%
CTAS	B	0.02%	0.01%	0.01%
CTVA	A	0.01%	0.01%	0.01%
CUBE	D	0.01%	0.01%	0.01%
CVS	F	0.01%	0.01%	0.01%
CVX	A	0.01%	0.01%	0.01%
D	C	0.01%	0.01%	0.01%
DAL	A	0.02%	0.01%	0.01%
DB	A	0.01%	0.01%	0.01%
DD	D	0.05%	0.01%	0.01%
DE	B	0.01%	0.01%	0.01%
DELL	A	0.01%	0.01%	0.01%
DFS	A	0.02%	0.01%	0.01%
DG	F	0.01%	0.01%	0.01%
DGX	B	0.01%	0.01%	0.01%
DHI	D	0.01%	0.01%	0.01%
DHR	F	0.01%	0.01%	0.01%
DIS	C	0.01%	0.01%	0.01%
DLR	A	0.02%	0.01%	0.01%
DLTR	F	0.03%	0.01%	0.01%
DOC	C	0.02%	0.01%	0.01%
DOV	B	0.01%	0.01%	0.01%
DOW	F	0.01%	0.01%	0.01%
DOX	B	0.02%	0.01%	0.01%
DRI	C	0.01%	0.01%	0.01%
DSS	C	0.01%	0.01%	0.01%
DT	A	0.11%	0.01%	0.01%
DTE	C	0.01%	0.01%	0.01%
DUK	C	0.01%	0.01%	0.01%
DVN	F	0.01%	0.01%	0.01%
DXC	C	0.02%	0.01%	0.01%
EA	A	0.02%	0.01%	0.01%
EBAY	D	0.02%	0.01%	0.01%
ECL	C	0.01%	0.01%	0.01%
ED	C	0.01%	0.01%	0.01%
EFX	D	0.02%	0.01%	0.01%
EIX	D	0.01%	0.01%	0.01%
EL	F	0.01%	0.01%	0.01%
EMN	D	0.01%	0.01%	0.01%
EMR	A	0.01%	0.01%	0.01%
EOG	D	0.02%	0.01%	0.01%
EPD	A	0.01%	0.01%	0.01%
EPR	D	0.01%	0.01%	0.01%
EPRT	D	0.01%	0.01%	0.01%
EQH	B	0.01%	0.01%	0.01%
EQIX	B	0.01%	0.01%	0.01%
EQNR	F	0.01%	0.01%	0.01%
EQR	D	0.01%	0.01%	0.01%
ES	D	0.01%	0.01%	0.01%
ESGR	B	0.03%	0.01%	0.01%
ESS	D	0.01%	0.01%	0.01%
ET	A	0.02%	0.01%	0.01%
ETN	B	0.02%	0.01%	0.01%
ETR	A	0.01%	0.01%	0.01%
EVRG	C	0.01%	0.01%	0.01%
EW	D	0.01%	0.01%	0.01%
EXC	C	0.01%	0.01%	0.01%
EXPE	A	0.02%	0.01%	0.01%
EXR	D	0.01%	0.01%	0.01%
FAF	D	0.01%	0.01%	0.01%
FANG	D	0.01%	0.01%	0.01%
FDX	D	0.01%	0.01%	0.01%
FIS	B	0.01%	0.01%	0.01%
FITB	B	0.01%	0.01%	0.01%
FLEX	A	0.01%	0.01%	0.01%
FLO	F	0.01%	0.01%	0.01%
FLS	A	0.01%	0.01%	0.01%
FMC	B	0.01%	0.01%	0.01%
FNF	C	0.01%	0.01%	0.01%
FOXA	A	0.02%	0.01%	0.01%
FRT	D	0.01%	0.01%	0.01%
FSK	B	0.01%	0.01%	0.01%
FTNT	B	0.01%	0.01%	0.01%
GBDC	D	0.01%	0.01%	0.01%
GD	C	0.02%	0.01%	0.01%
GE	D	0.02%	0.01%	0.01%
GILD	A	0.01%	0.01%	0.01%
GIS	D	0.01%	0.01%	0.01%
GL	C	0.01%	0.01%	0.01%
GLPI	C	0.01%	0.01%	0.01%
GM	B	0.01%	0.01%	0.01%
GOOGL	A	0.02%	0.01%	0.01%
GP	F	0.01%	0.01%	0.01%
GPC	F	0.01%	0.01%	0.01%
GPN	C	0.01%	0.01%	0.01%
GS	B	0.01%	0.01%	0.01%
GSK	F	0.02%	0.01%	0.01%
GXO	B	0.01%	0.01%	0.01%
H	D	0.01%	0.01%	0.01%
HAL	F	0.02%	0.01%	0.01%
HAS	D	0.01%	0.01%	0.01%
HBAN	B	0.01%	0.01%	0.01%
HCA	D	0.02%	0.01%	0.01%
HD	B	0.01%	0.01%	0.01%
HES	B	0.01%	0.01%	0.01%
HIG	D	0.02%	0.01%	0.01%
HII	F	0.01%	0.01%	0.01%
HIW	C	0.01%	0.01%	0.01%
HON	C	0.01%	0.01%	0.01%
HP	C	0.01%	0.01%	0.01%
HPP	F	0.01%	0.01%	0.01%
HPQ	B	0.02%	0.01%	0.01%
HR	D	0.01%	0.01%	0.01%
HRB	C	0.01%	0.01%	0.01%
HRL	F	0.01%	0.01%	0.01%
HSBC	A	0.01%	0.01%	0.01%
HST	D	0.02%	0.01%	0.01%
HSY	F	0.01%	0.01%	0.01%
HUBB	B	0.01%	0.01%	0.01%
HUM	F	0.01%	0.01%	0.01%
HUN	F	0.01%	0.01%	0.01%
IBM	D	0.01%	0.01%	0.01%
ICE	C	0.01%	0.01%	0.01%
IEX	A	0.01%	0.01%	0.01%
IFF	D	0.01%	0.01%	0.01%
ILMN	A	0.01%	0.01%	0.01%
INGR	C	0.01%	0.01%	0.01%
INTC	C	0.01%	0.01%	0.01%
INTU	D	0.01%	0.01%	0.01%
INVH	F	0.02%	0.01%	0.01%
IPG	F	0.01%	0.01%	0.01%
ITW	A	0.01%	0.01%	0.01%
JBL	A	0.01%	0.01%	0.01%
JCI	C	0.01%	0.01%	0.01%
JD	B	0.01%	0.01%	0.01%
JEF	B	0.01%	0.01%	0.01%
JNJ	D	0.01%	0.01%	0.01%
JNPR	A	0.01%	0.01%	0.01%
JPM	B	0.01%	0.01%	0.01%
K	A	0.01%	0.01%	0.01%
KDP	F	0.01%	0.01%	0.01%
KEX	D	0.01%	0.01%	0.01%
KEY	B	0.01%	0.01%	0.01%
KEYS	C	0.01%	0.01%	0.01%
KIM	A	0.01%	0.01%	0.01%
KLAC	F	0.02%	0.01%	0.01%
KMB	D	0.01%	0.01%	0.01%
KMI	B	0.01%	0.01%	0.01%
KMPR	B	0.01%	0.01%	0.01%
KMT	B	0.01%	0.01%	0.01%
KO	D	0.01%	0.01%	0.01%
KOF	F	0.03%	0.01%	0.01%
KR	B	0.01%	0.01%	0.01%
KRC	B	0.01%	0.01%	0.01%
KRG	A	0.01%	0.01%	0.01%
KSS	F	0.01%	0.01%	0.01%
L	D	0.01%	0.01%	0.01%
LAZ	A	0.01%	0.01%	0.01%
LDOS	A	0.02%	0.01%	0.01%
LEA	F	0.01%	0.01%	0.01%
LEG	F	0.01%	0.01%	0.01%
LEN	C	0.01%	0.01%	0.01%
LH	A	0.01%	0.01%	0.01%
LHX	A	0.01%	0.01%	0.01%
LII	B	0.01%	0.01%	0.01%
LIN	D	0.01%	0.01%	0.01%
LLY	F	0.01%	0.01%	0.01%
LMT	D	0.02%	0.01%	0.01%
LNC	B	0.01%	0.01%	0.01%
LNT	C	0.01%	0.01%	0.01%
LOW	B	0.01%	0.01%	0.01%
LRCX	F	0.02%	0.01%	0.01%
LUV	B	0.01%	0.01%	0.01%
LVS	B	0.02%	0.01%	0.01%
LXP	D	0.01%	0.01%	0.01%
LYB	F	0.01%	0.01%	0.01%
MA	B	0.01%	0.01%	0.01%
MAA	D	0.01%	0.01%	0.01%
MAR	B	0.01%	0.01%	0.01%
MAS	D	0.01%	0.01%	0.01%
MCD	D	0.02%	0.01%	0.01%
MCO	D	0.01%	0.01%	0.01%
MCY	B	0.01%	0.01%	0.01%
MDLZ	F	0.01%	0.01%	0.01%
MDT	C	0.01%	0.01%	0.01%
MET	C	0.02%	0.01%	0.01%
MHK	D	0.01%	0.01%	0.01%
MKC	D	0.01%	0.01%	0.01%
MKL	D	0.01%	0.01%	0.01%
MLM	A	0.01%	0.01%	0.01%
MMC	D	0.02%	0.01%	0.01%
MMM	D	0.01%	0.01%	0.01%
MO	A	0.01%	0.01%	0.01%
MOS	C	0.02%	0.01%	0.01%
MP	B	0.01%	0.01%	0.01%
MPC	F	0.01%	0.01%	0.01%
MPLX	A	0.02%	0.01%	0.01%
MRK	F	0.02%	0.01%	0.01%
MRO	B	0.02%	0.01%	0.01%
MRVL	A	0.01%	0.01%	0.01%
MS	B	0.04%	0.01%	0.01%
MSFT	D	0.1%	0.01%	0.01%
MSI	B	0.01%	0.01%	0.01%
MTB	B	0.02%	0.01%	0.01%
MU	C	0.02%	0.01%	0.01%
MUFG	A	0.02%	0.01%	0.01%
NDAQ	A	0.01%	0.01%	0.01%
NEE	D	0.01%	0.01%	0.01%
NEM	D	0.02%	0.01%	0.01%
NEU	F	0.01%	0.01%	0.01%
NFG	C	0.01%	0.01%	0.01%
NHI	D	0.01%	0.01%	0.01%
NI	A	0.02%	0.01%	0.01%
NKE	F	0.01%	0.01%	0.01%
NNN	D	0.01%	0.01%	0.01%
NOC	D	0.02%	0.01%	0.01%
NOV	F	0.01%	0.01%	0.01%
NOW	A	0.03%	0.01%	0.01%
NSC	C	0.01%	0.01%	0.01%
NTAP	D	0.01%	0.01%	0.01%
NTRS	B	0.01%	0.01%	0.01%
NUE	F	0.01%	0.01%	0.01%
NVDA	B	0.03%	0.01%	0.01%
NVR	D	0.01%	0.01%	0.01%
NVT	D	0.01%	0.01%	0.01%
NWG	A	0.02%	0.01%	0.01%
NXPI	D	0.01%	0.01%	0.01%
O	D	0.01%	0.01%	0.01%
OC	B	0.01%	0.01%	0.01%
OCSL	F	0.01%	0.01%	0.01%
OGE	C	0.01%	0.01%	0.01%
OGS	C	0.01%	0.01%	0.01%
OHI	B	0.01%	0.01%	0.01%
OKE	A	0.01%	0.01%	0.01%
OMC	A	0.01%	0.01%	0.01%
OPI	F	0.01%	0.01%	0.01%
ORCL	B	0.01%	0.01%	0.01%
ORLY	B	0.01%	0.01%	0.01%
OSK	C	0.01%	0.01%	0.01%
OTIS	B	0.01%	0.01%	0.01%
PAA	C	0.01%	0.01%	0.01%
PCG	B	0.01%	0.01%	0.01%
PDM	B	0.01%	0.01%	0.01%
PEG	C	0.01%	0.01%	0.01%
PEP	D	0.01%	0.01%	0.01%
PFE	F	0.01%	0.01%	0.01%
PFG	C	0.01%	0.01%	0.01%
PG	D	0.01%	0.01%	0.01%
PGR	D	0.02%	0.01%	0.01%
PH	A	0.02%	0.01%	0.01%
PHM	D	0.01%	0.01%	0.01%
PKG	A	0.01%	0.01%	0.01%
PLD	F	0.01%	0.01%	0.01%
PM	B	0.01%	0.01%	0.01%
PNC	B	0.01%	0.01%	0.01%
PNW	D	0.01%	0.01%	0.01%
PPG	F	0.01%	0.01%	0.01%
PRE	D	0.01%	0.01%	0.01%
PRU	C	0.01%	0.01%	0.01%
PSA	D	0.01%	0.01%	0.01%
PSEC	D	0.01%	0.01%	0.01%
PSX	F	0.01%	0.01%	0.01%
PWR	B	0.01%	0.01%	0.01%
PYPL	B	0.02%	0.01%	0.01%
QCOM	D	0.02%	0.01%	0.01%
QRVO	F	0.02%	0.01%	0.01%
R	A	0.01%	0.01%	0.01%
REG	B	0.01%	0.01%	0.01%
REGN	F	0.02%	0.01%	0.01%
REXR	F	0.01%	0.01%	0.01%
RF	B	0.01%	0.01%	0.01%
RGA	D	0.01%	0.01%	0.01%
RJF	A	0.03%	0.01%	0.01%
RL	A	0.02%	0.01%	0.01%
RNR	B	0.01%	0.01%	0.01%
ROK	D	0.01%	0.01%	0.01%
ROP	D	0.01%	0.01%	0.01%
ROST	F	0.01%	0.01%	0.01%
RPM	B	0.01%	0.01%	0.01%
RPRX	D	0.01%	0.01%	0.01%
RS	C	0.01%	0.01%	0.01%
RSG	D	0.01%	0.01%	0.01%
RTX	C	0.01%	0.01%	0.01%
RYN	B	0.01%	0.01%	0.01%
SAFE	F	0.01%	0.01%	0.01%
SAVE	D	0.01%	0.01%	0.01%
SBRA	B	0.01%	0.01%	0.01%
SBUX	B	0.01%	0.01%	0.01%
SCHW	B	0.01%	0.01%	0.01%
SCS	F	0.01%	0.01%	0.01%
SF	B	0.01%	0.01%	0.01%
SHW	B	0.01%	0.01%	0.01%
SITC	F	0.01%	0.01%	0.01%
SJM	F	0.01%	0.01%	0.01%
SKT	B	0.01%	0.01%	0.01%
SLB	F	0.03%	0.01%	0.01%
SNA	A	0.01%	0.01%	0.01%
SNX	C	0.01%	0.01%	0.01%
SO	C	0.01%	0.01%	0.01%
SON	F	0.01%	0.01%	0.01%
SPG	A	0.01%	0.01%	0.01%
SPGI	D	0.01%	0.01%	0.01%
SRE	C	0.01%	0.01%	0.01%
STE	C	0.01%	0.01%	0.01%
STLD	A	0.01%	0.01%	0.01%
STT	A	0.01%	0.01%	0.01%
STZ	F	0.01%	0.01%	0.01%
SUI	D	0.01%	0.01%	0.01%
SWK	D	0.01%	0.01%	0.01%
SWKS	F	0.01%	0.01%	0.01%
SWX	C	0.01%	0.01%	0.01%
SYF	B	0.02%	0.01%	0.01%
SYK	A	0.02%	0.01%	0.01%
SYY	C	0.02%	0.01%	0.01%
T	B	0.01%	0.01%	0.01%
TD	F	0.01%	0.01%	0.01%
TDY	B	0.01%	0.01%	0.01%
TEL	A	0.02%	0.01%	0.01%
TFC	C	0.01%	0.01%	0.01%
TGT	D	0.01%	0.01%	0.01%
THG	C	0.01%	0.01%	0.01%
TJX	D	0.01%	0.01%	0.01%
TKR	C	0.01%	0.01%	0.01%
TME	D	0.01%	0.01%	0.01%
TMO	F	0.01%	0.01%	0.01%
TMUS	B	0.04%	0.01%	0.01%
TRMB	A	0.02%	0.01%	0.01%
TSCO	D	0.01%	0.01%	0.01%
TSN	D	0.03%	0.01%	0.01%
TT	C	0.01%	0.01%	0.01%
TXN	B	0.01%	0.01%	0.01%
TXT	F	0.01%	0.01%	0.01%
UAL	A	0.01%	0.01%	0.01%
UDR	D	0.01%	0.01%	0.01%
UHS	D	0.02%	0.01%	0.01%
UNH	D	0.01%	0.01%	0.01%
UNM	A	0.01%	0.01%	0.01%
UNP	F	0.01%	0.01%	0.01%
UPS	C	0.01%	0.01%	0.01%
USB	B	0.01%	0.01%	0.01%
V	A	0.01%	0.01%	0.01%
VFC	A	0.01%	0.01%	0.01%
VLO	F	0.01%	0.01%	0.01%
VMC	A	0.01%	0.01%	0.01%
VNO	B	0.01%	0.01%	0.01%
VNT	B	0.01%	0.01%	0.01%
VOD	D	0.02%	0.01%	0.01%
VOYA	B	0.01%	0.01%	0.01%
VRSK	A	0.01%	0.01%	0.01%
VRSN	F	0.02%	0.01%	0.01%
VTR	B	0.01%	0.01%	0.01%
VTRS	C	0.02%	0.01%	0.01%
VZ	D	0.01%	0.01%	0.01%
WAB	A	0.02%	0.01%	0.01%
WB	B	0.01%	0.01%	0.01%
WBA	C	0.01%	0.01%	0.01%
WBS	B	0.01%	0.01%	0.01%
WEC	C	0.01%	0.01%	0.01%
WELL	A	0.01%	0.01%	0.01%
WEST	D	0.01%	0.01%	0.01%
WFC	B	0.04%	0.01%	0.01%
WHR	A	0.01%	0.01%	0.01%
WIT	C	0.35%	0.09%	0.09%
WLK	F	0.01%	0.01%	0.01%
WM	A	0.01%	0.01%	0.01%
WMB	A	0.01%	0.01%	0.01%
WMT	A	0.01%	0.01%	0.01%
WPC	F	0.01%	0.01%	0.01%
WTFC	B	0.01%	0.01%	0.01%
WTRG	C	0.01%	0.01%	0.01%
WU	F	0.01%	0.01%	0.01%
WY	C	0.02%	0.01%	0.01%
XEL	A	0.01%	0.01%	0.01%
XOM	A	0.01%	0.01%	0.01%
XRAY	F	0.02%	0.01%	0.01%
XYL	F	0.01%	0.01%	0.01%
ZBH	C	0.02%	0.01%	0.01%
ZION	B	0.01%	0.01%	0.01%
ZTS	F	0.01%	0.01%	0.01%

BIV Overweight 1 Positions Relative to BND

	Symbol	Grade	Weight
	BKU	D	0.01%

BIV Underweight 62 Positions Relative to BND

Symbol	Grade	Weight
ORI	D	-0.01%
NYC	C	-0.01%
NWE	D	-0.01%
MCK	C	-0.01%
GSBD	F	-0.01%
IP	A	-0.01%
JBLU	D	-0.01%
JBHT	A	-0.01%
GWW	B	-0.01%
FTV	F	-0.01%
CAF	A	-0.01%
FHN	B	-0.01%
COKE	D	-0.01%
ALB	C	-0.01%
AJG	D	-0.01%
AWH	D	-0.01%
CM	A	-0.01%
AVA	D	-0.01%
CHI	C	-0.01%
APO	B	-0.01%
COO	D	-0.01%
IVZ	B	-0.01%
GLW	B	-0.01%
JLL	B	-0.01%
JHG	A	-0.01%
UBS	B	-0.01%
SLG	B	-0.01%
RIV	B	-0.01%
EG	F	-0.01%
SNV	B	-0.01%
PCAR	C	-0.01%
MCHP	F	-0.01%
HOG	F	-0.01%
PECO	A	-0.01%
FE	D	-0.01%
EE	B	-0.01%
CTS	A	-0.01%
COE	A	-0.01%
CL	F	-0.01%
CHH	A	-0.01%
CF	B	-0.01%
CDNS	A	-0.01%
AMP	B	-0.01%
CACC	F	-0.01%
BCSF	C	-0.01%
TAP	B	-0.01%
TRV	B	-0.01%
TSLX	D	-0.01%
VMI	A	-0.01%
STLA	F	-0.01%
WRB	D	-0.01%
PNR	A	-0.01%
SIGI	D	-0.01%
PPL	C	-0.01%
MAIN	C	-0.01%
RY	B	-0.01%
SCCO	B	-0.01%
BHP	B	-0.01%
EDC	C	-0.01%
HPE	A	-0.01%
CSCO	A	-0.01%
ALLY	F	-0.01%