VCEB vs. GIGB ETF Comparison

Comparison of Vanguard ESG U.S. Corporate Bond ETF (VCEB) to Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB)

VCEB

Vanguard ESG U.S. Corporate Bond ETF

VCEB Description

The investment seeks to track the performance of the Bloomberg Barclays MSCI US Corporate SRI Select Index (the ?index?). The index excludes bonds with maturities of 1 year or less and with less than $750 million outstanding, and is screened for certain environmental, social, and governance (ESG) criteria by the index provider, which is independent of Vanguard. All of the fund?s investments will be selected through the sampling process, and under normal circumstances, at least 80% of the fund?s assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$62.07

Average Daily Volume

28,567

Number of Holdings ^*

246

* may have additional holdings in another (foreign) market

GIGB

Goldman Sachs Access Investment Grade Corporate Bond ETF

GIGB Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Citi Goldman Sachs Investment Grade Corporate Bond Index (the "index"). The fund seeks to achieve its investment objective by investing at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index. The index is a rules-based index that is designed to measure the performance of investment grade, corporate bonds denominated in U.S. dollars ("USD") that meet certain liquidity and fundamental screening criteria.

Grade (RS Rating)

Last Trade

$45.22

Average Daily Volume

47,232

Number of Holdings ^*

184

* may have additional holdings in another (foreign) market

Performance

Period	VCEB	GIGB
30 Days	2.08%	2.04%
60 Days	-0.32%	0.55%
90 Days	1.02%	0.97%
12 Months	4.50%	3.72%

133 Overlapping Holdings

Symbol	Grade	Weight in VCEB	Weight in GIGB	Overlap
AAPL	B	0.01%	0.01%	0.01%
ABBV	D	0.03%	0.04%	0.03%
ABT	F	0.03%	0.02%	0.02%
ADBE	F	0.01%	0.02%	0.01%
ADM	D	0.02%	0.01%	0.01%
AER	B	0.01%	0.07%	0.01%
AIG	A	0.01%	0.01%	0.01%
ALLY	B	0.03%	0.04%	0.03%
AMAT	B	0.01%	0.02%	0.01%
AMT	C	0.01%	0.01%	0.01%
AMZN	C	0.01%	0.01%	0.01%
ARE	C	0.01%	0.03%	0.01%
AVGO	B	0.02%	0.01%	0.01%
AXP	A	0.01%	0.03%	0.01%
AZN	B	0.02%	0.01%	0.01%
BABA	C	0.02%	0.03%	0.02%
BAC	B	0.02%	0.01%	0.01%
BDX	F	0.03%	0.03%	0.03%
BERY	D	0.01%	0.01%	0.01%
BK	A	0.01%	0.01%	0.01%
BMO	B	0.01%	0.01%	0.01%
BNS	C	0.01%	0.04%	0.01%
BSX	A	0.01%	0.01%	0.01%
C	B	0.01%	0.03%	0.01%
CAG	C	0.01%	0.05%	0.01%
CARR	B	0.02%	0.03%	0.02%
CAT	C	0.01%	0.01%	0.01%
CB	A	0.01%	0.16%	0.01%
CCI	D	0.01%	0.01%	0.01%
CF	F	0.02%	0.05%	0.02%
CHTR	F	0.02%	0.01%	0.01%
CI	D	0.01%	0.01%	0.01%
CM	B	0.01%	0.06%	0.01%
CMCSA	F	0.01%	0.01%	0.01%
COF	C	0.01%	0.01%	0.01%
CRM	D	0.02%	0.03%	0.02%
CSCO	F	0.02%	0.07%	0.02%
CVS	F	0.01%	0.01%	0.01%
DB	B	0.02%	0.02%	0.02%
DD	A	0.06%	0.05%	0.05%
DE	D	0.02%	0.03%	0.02%
DELL	B	0.01%	0.08%	0.01%
DFS	C	0.01%	0.09%	0.01%
DHR	A	0.01%	0.12%	0.01%
DIS	D	0.01%	0.01%	0.01%
DLTR	F	0.02%	0.04%	0.02%
DOW	B	0.01%	0.03%	0.01%
EBAY	C	0.01%	0.01%	0.01%
ETN	C	0.03%	0.02%	0.02%
EXPE	F	0.04%	0.02%	0.02%
FDX	D	0.01%	0.01%	0.01%
FIS	A	0.01%	0.03%	0.01%
FITB	B	0.02%	0.04%	0.02%
FOXA	C	0.01%	0.05%	0.01%
GILD	F	0.01%	0.05%	0.01%
GIS	C	0.03%	0.03%	0.03%
GLPI	C	0.01%	0.1%	0.01%
GM	B	0.01%	0.01%	0.01%
GOOGL	A	0.02%	0.04%	0.02%
GPN	F	0.01%	0.09%	0.01%
HBAN	B	0.02%	0.05%	0.02%
HCA	C	0.02%	0.05%	0.02%
HPE	C	0.01%	0.04%	0.01%
HPQ	C	0.01%	0.04%	0.01%
HRL	C	0.02%	0.04%	0.02%
HSBC	B	0.02%	0.02%	0.02%
IBM	D	0.02%	0.01%	0.01%
ICE	B	0.01%	0.01%	0.01%
INTC	F	0.01%	0.01%	0.01%
ITW	D	0.03%	0.04%	0.03%
JNJ	D	0.01%	0.01%	0.01%
JPM	A	0.01%	0.01%	0.01%
KDP	C	0.01%	0.01%	0.01%
KEY	B	0.01%	0.07%	0.01%
KLAC	B	0.01%	0.04%	0.01%
KO	B	0.01%	0.01%	0.01%
LLY	B	0.03%	0.01%	0.01%
LRCX	D	0.01%	0.04%	0.01%
LUV	F	0.01%	0.03%	0.01%
MA	D	0.03%	0.02%	0.02%
MAR	D	0.01%	0.03%	0.01%
MCD	F	0.01%	0.01%	0.01%
MDT	B	0.05%	0.05%	0.05%
MET	A	0.01%	0.03%	0.01%
MMC	A	0.04%	0.01%	0.01%
MMM	A	0.01%	0.01%	0.01%
MS	B	0.01%	0.01%	0.01%
MSFT	B	0.01%	0.01%	0.01%
MU	B	0.03%	0.01%	0.01%
MUFG	D	0.01%	0.01%	0.01%
NEM	B	0.02%	0.05%	0.02%
NKE	F	0.01%	0.02%	0.01%
NVDA	C	0.01%	0.05%	0.01%
NWG	B	0.01%	0.01%	0.01%
NXPI	B	0.01%	0.02%	0.01%
OMC	B	0.02%	0.05%	0.02%
ORCL	C	0.02%	0.01%	0.01%
OTIS	C	0.04%	0.07%	0.04%
PEP	B	0.01%	0.01%	0.01%
PFE	D	0.01%	0.01%	0.01%
PNC	B	0.01%	0.01%	0.01%
PRU	A	0.01%	0.01%	0.01%
QCOM	B	0.01%	0.02%	0.01%
REGN	B	0.02%	0.06%	0.02%
RPRX	F	0.01%	0.03%	0.01%
RSG	D	0.01%	0.06%	0.01%
RY	A	0.01%	0.04%	0.01%
SBUX	F	0.02%	0.01%	0.01%
SHW	D	0.02%	0.07%	0.02%
SPG	C	0.01%	0.01%	0.01%
STT	B	0.01%	0.01%	0.01%
SWK	D	0.02%	0.04%	0.02%
SYF	C	0.03%	0.03%	0.03%
SYY	D	0.01%	0.06%	0.01%
T	B	0.01%	0.01%	0.01%
TD	F	0.01%	0.11%	0.01%
TFC	B	0.01%	0.04%	0.01%
TGT	D	0.01%	0.04%	0.01%
TMO	B	0.01%	0.05%	0.01%
TMUS	B	0.01%	0.06%	0.01%
TSN	B	0.01%	0.02%	0.01%
TXN	B	0.01%	0.04%	0.01%
UPS	D	0.01%	0.01%	0.01%
USB	D	0.01%	0.01%	0.01%
V	B	0.02%	0.01%	0.01%
VOD	B	0.03%	0.01%	0.01%
VTRS	D	0.01%	0.04%	0.01%
VZ	C	0.02%	0.01%	0.01%
WAB	A	0.03%	0.1%	0.03%
WBA	F	0.02%	0.06%	0.02%
WELL	B	0.01%	0.01%	0.01%
ZBH	D	0.03%	0.02%	0.02%
ZTS	D	0.01%	0.03%	0.01%

VCEB Overweight 113 Positions Relative to GIGB

Symbol	Grade	Weight
DT	D	0.19%
MTB	B	0.07%
TJX	B	0.07%
MOS	F	0.06%
WRK	A	0.06%
PGR	C	0.05%
AFL	A	0.05%
EQH	A	0.05%
MCHP	B	0.04%
LEN	B	0.04%
KMB	C	0.04%
GWW	D	0.04%
NOW	C	0.04%
STLA	D	0.04%
AZO	D	0.04%
TCN	A	0.04%
CTAS	B	0.04%
CPT	B	0.04%
VRSK	A	0.04%
FTV	D	0.03%
EQR	B	0.03%
DGX	A	0.03%
VRSN	F	0.03%
CMA	B	0.03%
BWA	C	0.03%
BG	C	0.03%
SJM	F	0.03%
ROP	C	0.03%
RF	B	0.03%
EG	C	0.03%
PWR	C	0.03%
PPG	F	0.03%
DOC	B	0.03%
ORLY	D	0.03%
AMP	B	0.03%
ACGL	A	0.03%
NVR	D	0.03%
LH	D	0.03%
K	C	0.03%
IFF	A	0.03%
HAS	C	0.03%
NTRS	C	0.03%
BHF	F	0.03%
CFG	A	0.03%
DG	D	0.03%
ADP	B	0.03%
EQIX	D	0.03%
BMY	F	0.03%
HUN	C	0.02%
HST	D	0.02%
HIG	A	0.02%
MKC	C	0.02%
MCK	A	0.02%
LEA	F	0.02%
AJG	A	0.02%
NTAP	B	0.02%
A	B	0.02%
QRVO	F	0.02%
APH	B	0.02%
RL	D	0.02%
BEN	F	0.02%
BAX	F	0.02%
VTR	B	0.02%
VMC	D	0.02%
UHS	B	0.02%
TT	B	0.02%
CAH	F	0.02%
XRAY	F	0.02%
CSL	B	0.02%
CMI	D	0.02%
EMN	C	0.02%
VFC	F	0.02%
RJF	B	0.02%
AWK	C	0.02%
O	C	0.02%
MLM	D	0.02%
BLK	B	0.02%
TRV	D	0.02%
EFX	C	0.02%
CME	C	0.02%
BR	C	0.02%
BKNG	C	0.02%
CPB	C	0.02%
GLW	A	0.02%
APD	C	0.02%
GSK	B	0.02%
EXP	D	0.01%
ADI	B	0.01%
EA	F	0.01%
WM	B	0.01%
WB	D	0.01%
MRVL	C	0.01%
MDLZ	C	0.01%
PLD	F	0.01%
PH	D	0.01%
MSI	A	0.01%
AON	F	0.01%
BRX	C	0.01%
SCHW	B	0.01%
DLR	C	0.01%
HUM	D	0.01%
BXP	C	0.01%
PYPL	D	0.01%
MRK	B	0.01%
LOW	D	0.01%
AL	C	0.01%
BIIB	D	0.01%
SYK	D	0.01%
UNH	C	0.01%
PG	A	0.01%
AMGN	B	0.01%
HD	D	0.01%
GS	A	0.01%

VCEB Underweight 51 Positions Relative to GIGB

Symbol	Grade	Weight
WDC	C	-0.14%
KOF	C	-0.09%
SLB	F	-0.07%
EOG	C	-0.06%
SCCO	A	-0.05%
KHC	D	-0.05%
UNP	B	-0.05%
GE	C	-0.04%
VLO	D	-0.04%
NOC	C	-0.04%
WY	F	-0.03%
HES	C	-0.03%
EIX	A	-0.03%
LYB	D	-0.03%
JEF	A	-0.03%
PCG	A	-0.03%
COST	B	-0.03%
PSX	D	-0.03%
PAA	C	-0.03%
SO	A	-0.03%
HAL	D	-0.03%
DVN	D	-0.02%
ED	B	-0.02%
OKE	B	-0.02%
BHP	C	-0.02%
EPD	C	-0.02%
COP	D	-0.02%
TAP	F	-0.02%
WMT	A	-0.02%
MPLX	C	-0.02%
MPC	D	-0.02%
FANG	C	-0.01%
GD	A	-0.01%
NI	B	-0.01%
LMT	B	-0.01%
EXC	C	-0.01%
DUK	A	-0.01%
PM	B	-0.01%
EQNR	D	-0.01%
CSX	D	-0.01%
WMB	A	-0.01%
MO	A	-0.01%
HON	B	-0.01%
KMI	A	-0.01%
XOM	B	-0.01%
RTX	B	-0.01%
BA	D	-0.01%
CVX	B	-0.01%
ET	B	-0.01%
ARCC	B	-0.01%
WFC	C	-0.01%