VCEB vs. SPLV ETF Comparison

Comparison of Vanguard ESG U.S. Corporate Bond ETF (VCEB) to PowerShares S&P 500 Low Volatility Portfolio ETF (SPLV)

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

$62.73

Average Daily Volume

37,148

Number of Holdings ^*

245

* may have additional holdings in another (foreign) market

SPLV

PowerShares S&P 500 Low Volatility Portfolio ETF

SPLV Description

The PowerShares S&P 500 Low Volatility Portfolio (Fund) is based on the S&P 500 Low Volatility Index (Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poor's and consists of the 100 stocks from the S&P 500 Index with the lowest realized volatility over the past 12 months. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations over time. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$73.96

Average Daily Volume

1,577,046

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	VCEB	SPLV
30 Days	-0.25%	2.35%
60 Days	-2.76%	3.72%
90 Days	-1.73%	6.25%
12 Months	7.45%	23.06%

50 Overlapping Holdings

Symbol	Grade	Weight in VCEB	Weight in SPLV	Overlap
ABBV	D	0.03%	0.0%	0.0%
ABT	B	0.03%	0.98%	0.03%
ADP	B	0.03%	1.11%	0.03%
AFL	B	0.05%	0.0%	0.0%
AIG	B	0.01%	0.0%	0.0%
AJG	B	0.02%	0.94%	0.02%
AMP	A	0.03%	0.94%	0.03%
BK	A	0.01%	0.99%	0.01%
BR	A	0.02%	0.98%	0.02%
BSX	B	0.01%	1.07%	0.01%
CB	C	0.01%	1.02%	0.01%
CME	A	0.02%	1.04%	0.02%
CSCO	B	0.02%	0.0%	0.0%
CTAS	B	0.04%	0.94%	0.04%
DGX	A	0.03%	0.0%	0.0%
EA	A	0.01%	1.03%	0.01%
GIS	D	0.03%	0.88%	0.03%
HIG	B	0.02%	0.91%	0.02%
ICE	C	0.01%	1.06%	0.01%
ITW	B	0.03%	1.09%	0.03%
JNJ	D	0.01%	1.11%	0.01%
JPM	A	0.01%	0.01%	0.01%
KDP	D	0.01%	0.97%	0.01%
KMB	D	0.04%	0.99%	0.04%
KO	D	0.01%	1.37%	0.01%
MA	C	0.03%	1.13%	0.03%
MCD	D	0.01%	0.97%	0.01%
MCK	B	0.02%	0.02%	0.02%
MDLZ	F	0.01%	1.0%	0.01%
MDT	D	0.05%	0.92%	0.05%
MET	A	0.01%	0.0%	0.0%
MMC	B	0.04%	1.17%	0.04%
MSI	B	0.01%	1.08%	0.01%
O	D	0.02%	0.93%	0.02%
ORLY	B	0.03%	0.91%	0.03%
OTIS	C	0.04%	0.94%	0.04%
PEP	F	0.01%	1.04%	0.01%
PG	A	0.01%	1.22%	0.01%
PPG	F	0.03%	0.93%	0.03%
PRU	A	0.01%	0.0%	0.0%
ROP	B	0.03%	0.98%	0.03%
RSG	A	0.01%	1.22%	0.01%
SYK	C	0.01%	0.97%	0.01%
SYY	B	0.01%	0.9%	0.01%
TJX	A	0.07%	1.03%	0.07%
TMUS	B	0.01%	1.17%	0.01%
V	A	0.02%	1.1%	0.02%
VRSN	F	0.03%	0.93%	0.03%
WELL	A	0.01%	0.94%	0.01%
WM	A	0.01%	0.97%	0.01%

VCEB Overweight 195 Positions Relative to SPLV

Symbol	Grade	Weight
DT	C	0.19%
MTB	A	0.07%
MOS	F	0.06%
WEST	C	0.06%
DD	D	0.06%
PGR	A	0.05%
EQH	B	0.05%
MCHP	D	0.04%
LEN	D	0.04%
GWW	B	0.04%
NOW	A	0.04%
STLA	F	0.04%
AZO	C	0.04%
CPT	B	0.04%
VRSK	A	0.04%
EXPE	B	0.04%
FTV	C	0.03%
EQR	B	0.03%
CMA	A	0.03%
BWA	D	0.03%
BG	F	0.03%
SJM	D	0.03%
RF	A	0.03%
EG	C	0.03%
PWR	A	0.03%
DOC	D	0.03%
ACGL	D	0.03%
NVR	D	0.03%
LH	C	0.03%
K	A	0.03%
IFF	D	0.03%
HAS	D	0.03%
LLY	F	0.03%
NTRS	A	0.03%
BHF	B	0.03%
SYF	B	0.03%
CFG	B	0.03%
DG	F	0.03%
WAB	B	0.03%
MU	D	0.03%
BDX	F	0.03%
ETN	A	0.03%
EQIX	A	0.03%
ZBH	C	0.03%
ALLY	C	0.03%
BMY	B	0.03%
VOD	F	0.03%
HUN	F	0.02%
HST	C	0.02%
HRL	D	0.02%
MKC	D	0.02%
LEA	D	0.02%
NTAP	C	0.02%
A	D	0.02%
QRVO	F	0.02%
APH	A	0.02%
RL	B	0.02%
BEN	C	0.02%
BAX	D	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	C	0.02%
CMI	A	0.02%
EMN	D	0.02%
VFC	C	0.02%
CF	B	0.02%
RJF	A	0.02%
AWK	D	0.02%
MLM	B	0.02%
HBAN	A	0.02%
BLK	C	0.02%
SWK	D	0.02%
REGN	F	0.02%
TRV	B	0.02%
EFX	F	0.02%
DLTR	F	0.02%
DE	A	0.02%
WBA	F	0.02%
ADM	D	0.02%
BKNG	A	0.02%
SHW	A	0.02%
SBUX	A	0.02%
CPB	D	0.02%
GLW	B	0.02%
OMC	C	0.02%
NEM	D	0.02%
APD	A	0.02%
FITB	A	0.02%
CRM	B	0.02%
BABA	D	0.02%
DB	D	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%
ORCL	B	0.02%
BAC	A	0.02%
CHTR	C	0.02%
VZ	C	0.02%
EXP	A	0.01%
ADI	D	0.01%
GLPI	C	0.01%
WB	D	0.01%
MRVL	B	0.01%
GPN	B	0.01%
PLD	D	0.01%
PH	A	0.01%
AMAT	F	0.01%
AON	A	0.01%
BRX	A	0.01%
EBAY	D	0.01%
MMM	D	0.01%
MAR	B	0.01%
KEY	B	0.01%
RPRX	D	0.01%
ARE	D	0.01%
SCHW	B	0.01%
DLR	B	0.01%
DHR	F	0.01%
ZTS	D	0.01%
TXN	C	0.01%
NXPI	D	0.01%
KLAC	D	0.01%
HUM	C	0.01%
USB	A	0.01%
TSN	B	0.01%
BXP	D	0.01%
TMO	F	0.01%
BMO	A	0.01%
BERY	B	0.01%
STT	A	0.01%
AXP	A	0.01%
PYPL	B	0.01%
FIS	C	0.01%
CM	A	0.01%
CCI	D	0.01%
AER	B	0.01%
ADBE	C	0.01%
NVDA	C	0.01%
NKE	D	0.01%
MRK	F	0.01%
LOW	D	0.01%
HPQ	B	0.01%
CAT	B	0.01%
CAG	D	0.01%
BNS	A	0.01%
SPG	B	0.01%
AMT	D	0.01%
FDX	B	0.01%
DOW	F	0.01%
DFS	B	0.01%
PNC	B	0.01%
PFE	D	0.01%
AL	B	0.01%
LUV	C	0.01%
LRCX	F	0.01%
HPE	B	0.01%
GM	B	0.01%
COF	B	0.01%
CI	F	0.01%
TGT	F	0.01%
TD	F	0.01%
BIIB	F	0.01%
VTRS	A	0.01%
UNH	C	0.01%
TFC	A	0.01%
AMGN	D	0.01%
NWG	C	0.01%
MUFG	B	0.01%
UPS	C	0.01%
QCOM	F	0.01%
INTC	D	0.01%
HD	A	0.01%
GILD	C	0.01%
RY	A	0.01%
C	A	0.01%
FOXA	B	0.01%
DIS	B	0.01%
AMZN	C	0.01%
CMCSA	B	0.01%
DELL	C	0.01%
AAPL	C	0.01%
GS	A	0.01%
T	A	0.01%
MSFT	F	0.01%
MS	A	0.01%
CVS	D	0.01%

VCEB Underweight 64 Positions Relative to SPLV

Symbol	Grade	Weight
BRK.A	B	-1.31%
CL	D	-1.23%
ATO	A	-1.21%
L	A	-1.15%
HON	B	-1.11%
NI	A	-1.09%
PPL	B	-1.09%
FI	A	-1.08%
LIN	D	-1.08%
CHD	B	-1.07%
KMI	A	-1.07%
YUM	B	-1.07%
DUK	C	-1.07%
FE	C	-1.05%
LNT	A	-1.05%
LMT	D	-1.04%
CMS	C	-1.03%
GD	F	-1.03%
PEG	A	-1.03%
SRE	A	-1.02%
EVRG	A	-1.02%
SPGI	C	-1.01%
WTW	B	-1.0%
SO	D	-1.0%
ED	D	-1.0%
OKE	A	-0.99%
COR	B	-0.99%
RTX	C	-0.99%
WMB	A	-0.98%
WEC	A	-0.97%
EIX	B	-0.96%
HOLX	D	-0.96%
PM	B	-0.96%
STZ	D	-0.95%
MO	A	-0.94%
HLT	A	-0.94%
NDAQ	A	-0.93%
CVX	A	-0.93%
AVB	B	-0.92%
REG	B	-0.92%
NOC	D	-0.92%
WMT	A	-0.92%
VICI	C	-0.92%
AVY	D	-0.92%
BRO	B	-0.92%
PCG	A	-0.92%
AEP	D	-0.91%
ECL	D	-0.91%
UNP	C	-0.91%
LYB	F	-0.9%
PNW	B	-0.9%
LHX	C	-0.9%
DTE	C	-0.9%
PKG	A	-0.89%
FRT	B	-0.89%
JKHY	D	-0.89%
PAYX	C	-0.87%
CSX	B	-0.85%
LDOS	C	-0.73%
COST	B	-0.02%
ETR	B	-0.0%
CBOE	B	-0.0%
AME	A	-0.0%
DRI	B	-0.0%