VCIT vs. IQDE ETF Comparison

Comparison of Vanguard Intermediate-Term Corporate Bond ETF (VCIT) to FlexShares International Quality Dividend Defensive Index Fund (IQDE)

VCIT

Vanguard Intermediate-Term Corporate Bond ETF

VCIT Description

The investment seeks to track the performance of a market-weighted corporate 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 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 between 5 and 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

$80.29

Average Daily Volume

6,797,298

Number of Holdings ^*

492

* may have additional holdings in another (foreign) market

IQDE

FlexShares International Quality Dividend Defensive Index Fund

IQDE Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust International Quality Dividend Defensive IndexSM. The fund generally will invest under normal circumstances at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in its underlying index. The underlying index is designed to provide exposure to a high-quality, income-oriented portfolio of international equity securities issued by non-U.S.-based companies, with an emphasis on long-term capital growth and a targeted overall volatility.

Grade (RS Rating)

Last Trade

$22.17

Average Daily Volume

1,520

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VCIT	IQDE
30 Days	0.99%	-2.18%
60 Days	3.39%	5.96%
90 Days	0.95%	3.26%
12 Months	5.95%	13.43%

2 Overlapping Holdings

	Symbol	Grade	Weight in VCIT	Weight in IQDE	Overlap
	BABA	F	0.07%	0.3%	0.07%
	TD	F	0.05%	0.05%	0.05%

VCIT Overweight 490 Positions Relative to IQDE

Symbol	Grade	Weight
DT	F	0.28%
MSFT	A	0.23%
WIT	B	0.15%
ABBV	B	0.13%
AXP	C	0.11%
DD	B	0.1%
AMZN	B	0.09%
TMUS	B	0.09%
BIIB	C	0.07%
RJF	C	0.07%
NOW	C	0.07%
MET	C	0.07%
DLTR	F	0.07%
DB	D	0.07%
CRM	D	0.07%
COST	A	0.07%
HAL	D	0.06%
VRSK	A	0.06%
REGN	A	0.06%
KOF	D	0.06%
TSN	C	0.06%
NVDA	B	0.06%
CHTR	C	0.06%
MRK	A	0.06%
ADM	D	0.05%
BMO	D	0.05%
ARCC	B	0.05%
ZBH	F	0.05%
PXD	B	0.05%
PWR	B	0.05%
STE	C	0.05%
QRVO	B	0.05%
SLB	D	0.05%
LDOS	B	0.05%
IEX	D	0.05%
EOG	D	0.05%
CTAS	A	0.05%
CAH	C	0.05%
NVR	D	0.05%
MRO	B	0.05%
SYY	D	0.05%
NEM	B	0.05%
ADBE	C	0.05%
BHF	D	0.05%
PH	D	0.05%
EXPE	C	0.05%
AZN	B	0.05%
PYPL	D	0.05%
HCA	A	0.05%
INTC	F	0.05%
NWG	B	0.05%
QCOM	B	0.05%
T	A	0.05%
GS	B	0.05%
PSX	C	0.04%
L	C	0.04%
DHR	C	0.04%
EA	B	0.04%
CMI	C	0.04%
AGR	D	0.04%
BEN	D	0.04%
AMG	C	0.04%
VRSN	C	0.04%
URI	C	0.04%
UHS	A	0.04%
XRAY	F	0.04%
MOS	F	0.04%
MTB	C	0.04%
ITW	D	0.04%
INVH	A	0.04%
KLAC	B	0.04%
EXP	D	0.04%
CNH	F	0.04%
LVS	F	0.04%
LMT	A	0.04%
MPC	C	0.04%
EBAY	B	0.04%
BR	B	0.04%
ADI	B	0.04%
PAA	C	0.04%
LRCX	B	0.04%
HPQ	B	0.04%
ADP	B	0.04%
FANG	C	0.04%
AER	B	0.04%
AMAT	B	0.04%
BLK	B	0.04%
WAB	B	0.04%
MPLX	B	0.04%
GIS	C	0.04%
PG	A	0.04%
OTIS	B	0.04%
NKE	C	0.04%
ET	C	0.04%
MMC	A	0.04%
VTRS	D	0.04%
GOOGL	B	0.04%
GSK	D	0.04%
DELL	B	0.04%
CARR	B	0.04%
GE	B	0.04%
VOD	B	0.04%
VZ	B	0.04%
LLY	B	0.03%
MDC	A	0.03%
MRVL	B	0.03%
KEX	B	0.03%
HRB	A	0.03%
JNPR	B	0.03%
INGR	D	0.03%
ILMN	F	0.03%
JBL	F	0.03%
KSS	D	0.03%
FHN	D	0.03%
EMN	C	0.03%
FAF	D	0.03%
AYI	D	0.03%
ADSK	B	0.03%
BNS	D	0.03%
BERY	B	0.03%
TSCO	B	0.03%
SWKS	B	0.03%
RF	C	0.03%
SBRA	A	0.03%
NDAQ	C	0.03%
LIN	B	0.03%
HP	F	0.03%
HIG	A	0.03%
JD	D	0.03%
DXC	D	0.03%
FLS	C	0.03%
EW	B	0.03%
DOX	F	0.03%
ETN	C	0.03%
BC	F	0.03%
CNO	B	0.03%
CME	D	0.03%
CMA	D	0.03%
AGO	C	0.03%
AEL	A	0.03%
CHRW	B	0.03%
ARW	C	0.03%
ACGL	A	0.03%
AAT	B	0.03%
BDN	C	0.03%
TEL	A	0.03%
WB	D	0.03%
ZION	D	0.03%
VNT	C	0.03%
TRMB	C	0.03%
RPM	B	0.03%
PHM	D	0.03%
RL	B	0.03%
SCS	D	0.03%
SON	C	0.03%
SNX	B	0.03%
RGA	B	0.03%
HST	D	0.03%
DAL	D	0.03%
CSL	B	0.03%
FMC	F	0.03%
SWK	D	0.03%
TT	B	0.03%
VFC	C	0.03%
SJM	D	0.03%
NTAP	B	0.03%
KEYS	D	0.03%
CFG	C	0.03%
OMC	D	0.03%
EFX	B	0.03%
AZO	C	0.03%
VLO	C	0.03%
WTRG	C	0.03%
LYB	D	0.03%
O	D	0.03%
MU	B	0.03%
GLPI	C	0.03%
ICE	A	0.03%
FLEX	C	0.03%
FITB	C	0.03%
CPB	C	0.03%
FIS	B	0.03%
BG	D	0.03%
SYF	C	0.03%
NI	B	0.03%
CCI	D	0.03%
TMO	D	0.03%
UPS	D	0.03%
NXPI	B	0.03%
SRE	B	0.03%
V	B	0.03%
MA	C	0.03%
DG	D	0.03%
HD	B	0.03%
DLR	B	0.03%
AMT	B	0.03%
ROP	A	0.03%
BKNG	A	0.03%
TDY	D	0.03%
EPD	B	0.03%
COF	C	0.03%
BDX	C	0.03%
FOXA	A	0.03%
MUFG	C	0.03%
DIS	C	0.03%
PFE	C	0.03%
KDP	B	0.03%
BMY	F	0.03%
BA	D	0.03%
UNM	C	0.02%
TME	C	0.02%
R	C	0.02%
SKT	D	0.02%
SITC	A	0.02%
PKG	B	0.02%
RS	D	0.02%
ROST	B	0.02%
SAFE	F	0.02%
AIZ	C	0.02%
AVT	B	0.02%
CINF	C	0.02%
CHD	A	0.02%
BKU	B	0.02%
CE	D	0.02%
AN	C	0.02%
AMH	C	0.02%
NVT	C	0.02%
GPC	D	0.02%
HR	C	0.02%
IFF	B	0.02%
GXO	F	0.02%
EPRT	B	0.02%
DHI	D	0.02%
FTNT	F	0.02%
FRT	C	0.02%
WU	D	0.02%
TKR	D	0.02%
RYN	D	0.02%
SF	B	0.02%
NOV	D	0.02%
NHI	B	0.02%
MHK	D	0.02%
DOV	B	0.02%
DSS	F	0.02%
AFG	C	0.02%
WBS	D	0.02%
WBA	D	0.02%
VOYA	B	0.02%
VNO	C	0.02%
FSK	B	0.02%
CTVA	C	0.02%
EXR	B	0.02%
DRI	C	0.02%
OSK	D	0.02%
LII	A	0.02%
MDT	D	0.02%
MCY	D	0.02%
PDM	B	0.02%
OC	B	0.02%
LEG	F	0.02%
LAZ	D	0.02%
KIM	B	0.02%
KRC	F	0.02%
AVY	A	0.02%
REG	B	0.02%
PRE	C	0.02%
MAS	D	0.02%
LNC	B	0.02%
MCO	A	0.02%
NUE	D	0.02%
INTU	C	0.02%
JCI	B	0.02%
H	C	0.02%
BBY	A	0.02%
ALLE	D	0.02%
ALL	C	0.02%
BAX	D	0.02%
AVB	A	0.02%
ATO	B	0.02%
CBOE	D	0.02%
WPC	D	0.02%
PFG	C	0.02%
SPGI	B	0.02%
PPG	D	0.02%
GL	C	0.02%
EQR	A	0.02%
EPR	C	0.02%
EL	F	0.02%
FNF	C	0.02%
TXN	B	0.02%
ZTS	C	0.02%
CP	D	0.02%
XYL	B	0.02%
VMC	D	0.02%
LEA	F	0.02%
K	D	0.02%
HUN	D	0.02%
CNP	A	0.02%
CMS	D	0.02%
BRO	A	0.02%
BIDU	F	0.02%
AWK	B	0.02%
AES	C	0.02%
A	C	0.02%
VTR	A	0.02%
PRU	B	0.02%
PM	B	0.02%
MMM	B	0.02%
KEY	D	0.02%
KMB	A	0.02%
ESGR	B	0.02%
HBAN	C	0.02%
EQIX	C	0.02%
FDX	D	0.02%
APD	C	0.02%
NTRS	D	0.02%
IPG	F	0.02%
CPT	A	0.02%
CAT	C	0.02%
SYK	B	0.02%
STLD	C	0.02%
MSI	A	0.02%
CSX	D	0.02%
APH	B	0.02%
TGT	D	0.02%
UNP	D	0.02%
RPRX	D	0.02%
SO	B	0.02%
PEP	D	0.02%
GM	B	0.02%
HES	D	0.02%
JEF	B	0.02%
TFC	C	0.02%
STZ	B	0.02%
SHW	C	0.02%
SBUX	D	0.02%
GPN	F	0.02%
BXP	C	0.02%
NOC	D	0.02%
MDLZ	D	0.02%
ABT	C	0.02%
AIG	C	0.02%
MO	A	0.02%
CVS	D	0.02%
ORCL	A	0.02%
CI	C	0.02%
CMCSA	F	0.02%
C	C	0.02%
GBDC	D	0.01%
SAVE	D	0.01%
OCSL	B	0.01%
GOOG	B	0.01%
SNA	D	0.01%
PNR	C	0.01%
PSEC	B	0.01%
NEU	D	0.01%
OGS	D	0.01%
APTV	F	0.01%
KRG	B	0.01%
WTFC	D	0.01%
CBT	C	0.01%
KMT	D	0.01%
WLK	D	0.01%
THG	D	0.01%
WEC	D	0.01%
CHH	C	0.01%
ADC	B	0.01%
KMPR	C	0.01%
PNW	B	0.01%
ROK	F	0.01%
RNR	B	0.01%
AAL	F	0.01%
HUBB	C	0.01%
HSY	F	0.01%
LXP	B	0.01%
NFG	C	0.01%
MKL	B	0.01%
OPI	C	0.01%
NSC	D	0.01%
HPP	D	0.01%
CUBE	B	0.01%
DVN	D	0.01%
BKH	D	0.01%
UDR	B	0.01%
TXT	C	0.01%
TCN	A	0.01%
SWX	C	0.01%
PSA	B	0.01%
OGE	B	0.01%
HUM	C	0.01%
GP	F	0.01%
HIW	B	0.01%
FLO	D	0.01%
AXS	B	0.01%
PEG	B	0.01%
REXR	D	0.01%
XEL	D	0.01%
PGR	C	0.01%
EVRG	C	0.01%
ETR	D	0.01%
CNA	B	0.01%
CLX	D	0.01%
AAP	C	0.01%
SUI	D	0.01%
TJX	A	0.01%
NNN	B	0.01%
LH	C	0.01%
HII	D	0.01%
EMR	C	0.01%
DGX	B	0.01%
EIX	C	0.01%
ED	D	0.01%
AL	C	0.01%
ORLY	C	0.01%
LNT	C	0.01%
AEP	B	0.01%
AEE	D	0.01%
RSG	B	0.01%
MLM	D	0.01%
OHI	A	0.01%
HAS	C	0.01%
ESS	A	0.01%
ES	D	0.01%
AMCR	B	0.01%
WELL	B	0.01%
MAA	B	0.01%
MKC	F	0.01%
HRL	F	0.01%
DTE	C	0.01%
ARE	D	0.01%
DOC	B	0.01%
SPG	B	0.01%
KR	D	0.01%
DE	D	0.01%
GD	A	0.01%
BWA	F	0.01%
STT	D	0.01%
WM	C	0.01%
WHR	F	0.01%
PLD	C	0.01%
LHX	A	0.01%
CB	B	0.01%
USB	C	0.01%
WY	F	0.01%
OKE	C	0.01%
DFS	B	0.01%
AON	C	0.01%
KMI	A	0.01%
ECL	A	0.01%
DOW	D	0.01%
D	D	0.01%
CVX	C	0.01%
DUK	B	0.01%
BK	B	0.01%
WRK	B	0.01%
WMB	A	0.01%
KO	B	0.01%
BSX	A	0.01%
BRX	B	0.01%
SCHW	D	0.01%
MAR	B	0.01%
LEN	D	0.01%
MCD	D	0.01%
JNJ	D	0.01%
EXC	D	0.01%
GILD	C	0.01%
EQH	A	0.01%
CAG	D	0.01%
AMGN	B	0.01%
AFL	A	0.01%
LOW	C	0.01%
PNC	C	0.01%
HON	A	0.01%
COP	D	0.01%
UNH	D	0.01%
XOM	C	0.01%
NEE	C	0.01%
LUV	C	0.01%
AAPL	B	0.01%
IBM	C	0.01%
WMT	A	0.01%
UAL	C	0.01%
MS	B	0.01%
WFC	C	0.01%
RTX	B	0.01%
HSBC	B	0.01%
PCG	B	0.01%
JPM	B	0.01%
AVGO	B	0.01%
BAC	A	0.01%

VCIT Underweight 8 Positions Relative to IQDE

Symbol	Grade	Weight
NVS	A	-1.24%
BCS	B	-0.87%
SMFG	B	-0.57%
CNI	D	-0.45%
BCH	B	-0.21%
SKM	D	-0.19%
OTEX	D	-0.16%
UL	A	-0.11%