VCEB vs. PINK ETF Comparison

Comparison of Vanguard ESG U.S. Corporate Bond ETF (VCEB) to Simplify Health Care ETF (PINK)

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

$63.17

Average Daily Volume

36,029

Number of Holdings ^*

245

* may have additional holdings in another (foreign) market

PINK

Simplify Health Care ETF

PINK Description

Simplify Exchange Traded Funds - Simplify Health Care ETF seeks long-term capital appreciation. Under normal circumstances, the fund will invest at least 80% of its assets (plus any borrowings for investment purposes) in securities of U.S. health care companies. The fund adviser defines health care companies as companies included in the Global Industry Classification Standard health care sector. The fund will typically invest in 50 – 100 health care companies. The adviser generally seeks investments in companies that are developing new and effective medicines, as well as companies whose business models reduce costs or improve quality in health care systems.

Grade (RS Rating)

Last Trade

$31.89

Average Daily Volume

114,097

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VCEB	PINK
30 Days	0.43%	-2.42%
60 Days	-2.05%	-2.60%
90 Days	-0.55%	-3.01%
12 Months	8.14%	28.01%

18 Overlapping Holdings

Symbol	Grade	Weight in VCEB	Weight in PINK	Overlap
ABT	B	0.03%	0.69%	0.03%
BIIB	F	0.01%	0.18%	0.01%
BMY	B	0.03%	0.02%	0.02%
BSX	B	0.01%	0.04%	0.01%
CI	D	0.01%	3.86%	0.01%
CVS	D	0.01%	0.28%	0.01%
DHR	D	0.01%	0.22%	0.01%
GILD	B	0.01%	3.67%	0.01%
JNJ	D	0.01%	6.63%	0.01%
LLY	D	0.03%	6.8%	0.03%
MMM	C	0.01%	2.17%	0.01%
MRK	D	0.01%	0.0%	0.0%
REGN	F	0.02%	3.44%	0.02%
RPRX	D	0.01%	1.09%	0.01%
SYK	B	0.01%	0.28%	0.01%
TMO	F	0.01%	3.23%	0.01%
UNH	B	0.01%	4.93%	0.01%
ZBH	C	0.03%	0.16%	0.03%

VCEB Overweight 227 Positions Relative to PINK

Symbol	Grade	Weight
DT	C	0.19%
MTB	B	0.07%
TJX	A	0.07%
MOS	F	0.06%
WEST	C	0.06%
DD	D	0.06%
PGR	A	0.05%
AFL	A	0.05%
MDT	D	0.05%
EQH	B	0.05%
MCHP	D	0.04%
LEN	D	0.04%
KMB	C	0.04%
GWW	A	0.04%
OTIS	C	0.04%
NOW	A	0.04%
STLA	F	0.04%
AZO	B	0.04%
CTAS	A	0.04%
CPT	A	0.04%
VRSK	A	0.04%
MMC	A	0.04%
EXPE	B	0.04%
FTV	B	0.03%
EQR	A	0.03%
DGX	B	0.03%
VRSN	C	0.03%
CMA	A	0.03%
BWA	D	0.03%
BG	D	0.03%
SJM	C	0.03%
ROP	B	0.03%
RF	B	0.03%
EG	C	0.03%
PWR	A	0.03%
PPG	D	0.03%
DOC	C	0.03%
ORLY	A	0.03%
AMP	A	0.03%
ACGL	D	0.03%
NVR	D	0.03%
LH	B	0.03%
K	A	0.03%
IFF	D	0.03%
HAS	D	0.03%
NTRS	A	0.03%
BHF	B	0.03%
SYF	A	0.03%
CFG	B	0.03%
GIS	D	0.03%
DG	F	0.03%
WAB	A	0.03%
ITW	A	0.03%
ADP	A	0.03%
MU	D	0.03%
BDX	F	0.03%
ETN	A	0.03%
EQIX	A	0.03%
MA	A	0.03%
ALLY	B	0.03%
VOD	D	0.03%
ABBV	D	0.03%
HUN	F	0.02%
HST	C	0.02%
HRL	D	0.02%
HIG	A	0.02%
MKC	D	0.02%
MCK	B	0.02%
LEA	D	0.02%
AJG	A	0.02%
NTAP	B	0.02%
A	D	0.02%
QRVO	F	0.02%
APH	B	0.02%
RL	B	0.02%
BEN	C	0.02%
BAX	F	0.02%
VTR	C	0.02%
VMC	B	0.02%
UHS	D	0.02%
TT	A	0.02%
CAH	B	0.02%
XRAY	F	0.02%
CSL	B	0.02%
CMI	A	0.02%
EMN	D	0.02%
VFC	B	0.02%
CF	B	0.02%
RJF	A	0.02%
AWK	D	0.02%
O	D	0.02%
MLM	B	0.02%
HBAN	B	0.02%
BLK	C	0.02%
SWK	D	0.02%
TRV	B	0.02%
EFX	D	0.02%
DLTR	D	0.02%
DE	B	0.02%
CME	A	0.02%
WBA	F	0.02%
ADM	D	0.02%
BR	A	0.02%
BKNG	A	0.02%
SHW	A	0.02%
SBUX	B	0.02%
CPB	D	0.02%
GLW	B	0.02%
OMC	C	0.02%
NEM	F	0.02%
APD	A	0.02%
FITB	B	0.02%
CRM	B	0.02%
BABA	D	0.02%
DB	D	0.02%
CSCO	A	0.02%
CARR	D	0.02%
IBM	C	0.02%
HCA	F	0.02%
GOOGL	C	0.02%
HSBC	B	0.02%
AVGO	D	0.02%
GSK	F	0.02%
AZN	D	0.02%
V	A	0.02%
ORCL	B	0.02%
BAC	A	0.02%
CHTR	B	0.02%
VZ	B	0.02%
EXP	B	0.01%
ADI	D	0.01%
GLPI	B	0.01%
EA	B	0.01%
WM	A	0.01%
WB	D	0.01%
MRVL	B	0.01%
MDLZ	F	0.01%
GPN	C	0.01%
PLD	D	0.01%
PH	A	0.01%
AMAT	F	0.01%
MSI	B	0.01%
RSG	A	0.01%
AON	A	0.01%
BRX	A	0.01%
EBAY	C	0.01%
MAR	A	0.01%
KEY	B	0.01%
ARE	D	0.01%
SCHW	A	0.01%
DLR	A	0.01%
ZTS	F	0.01%
TXN	D	0.01%
NXPI	D	0.01%
MET	A	0.01%
KO	D	0.01%
KLAC	D	0.01%
HUM	C	0.01%
USB	A	0.01%
TSN	B	0.01%
BXP	C	0.01%
BMO	B	0.01%
BK	A	0.01%
BERY	B	0.01%
STT	A	0.01%
AXP	A	0.01%
PYPL	B	0.01%
FIS	D	0.01%
WELL	A	0.01%
CM	B	0.01%
CCI	D	0.01%
AER	A	0.01%
ADBE	C	0.01%
NVDA	C	0.01%
NKE	F	0.01%
LOW	C	0.01%
KDP	D	0.01%
HPQ	B	0.01%
CB	C	0.01%
CAT	B	0.01%
CAG	D	0.01%
BNS	A	0.01%
SYY	C	0.01%
SPG	A	0.01%
PRU	A	0.01%
AMT	D	0.01%
FDX	B	0.01%
DOW	F	0.01%
DFS	B	0.01%
PNC	A	0.01%
PFE	D	0.01%
PEP	F	0.01%
AL	B	0.01%
LUV	C	0.01%
LRCX	D	0.01%
ICE	D	0.01%
HPE	B	0.01%
GM	C	0.01%
COF	B	0.01%
TGT	F	0.01%
TD	F	0.01%
VTRS	B	0.01%
TFC	B	0.01%
PG	A	0.01%
AMGN	F	0.01%
NWG	C	0.01%
MUFG	C	0.01%
UPS	C	0.01%
QCOM	F	0.01%
AIG	B	0.01%
MCD	D	0.01%
INTC	D	0.01%
HD	B	0.01%
RY	A	0.01%
C	B	0.01%
FOXA	C	0.01%
DIS	B	0.01%
AMZN	B	0.01%
CMCSA	C	0.01%
DELL	C	0.01%
JPM	B	0.01%
AAPL	A	0.01%
TMUS	A	0.01%
GS	A	0.01%
T	A	0.01%
MSFT	C	0.01%
MS	C	0.01%

VCEB Underweight 30 Positions Relative to PINK

Symbol	Grade	Weight
PCT	C	-9.9%
ISRG	B	-5.03%
SNY	D	-4.63%
VRTX	D	-4.43%
RMD	C	-4.27%
SRPT	C	-3.78%
TNDM	F	-3.43%
EW	C	-3.1%
MYGN	F	-2.54%
CHWY	C	-2.12%
ADMA	B	-2.07%
TFX	F	-1.68%
RVTY	D	-1.24%
ITCI	B	-1.12%
EXAS	D	-0.87%
IQV	D	-0.85%
AKRO	C	-0.73%
ARGX	B	-0.61%
FULC	D	-0.48%
ESTA	D	-0.4%
SNDX	D	-0.34%
LIVN	F	-0.32%
BMRN	D	-0.24%
TECH	C	-0.24%
HSIC	B	-0.18%
AGL	F	-0.18%
VLTO	D	-0.03%
INSM	C	-0.02%
MASI	B	-0.01%
EMBC	B	-0.01%