VCSH vs. PSP ETF Comparison

Comparison of Vanguard Short-Term Corporate Bond ETF (VCSH) to PowerShares Listed Private Equity (PSP)

VCSH

Vanguard Short-Term Corporate Bond ETF

VCSH Description

The investment seeks to track the performance of a market-weighted corporate bond index with a short-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 1-5 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 1 and 5 years. At least 80% of the fund's assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$78.17

Average Daily Volume

2,823,257

Number of Holdings ^*

443

* may have additional holdings in another (foreign) market

PSP

PowerShares Listed Private Equity

PSP Description

The PowerShares Global Listed Private Equity Portfolio (Fund) is based on the Red Rocks Global Listed Private Equity Index (Index). The Fund will normally invest at least 90% of its total assets in securities, which may include American depository receipts and global depository receipts, that comprise the Index. The Index includes securities, ADRs and GDRs of 40 to 75 private equity companies, including business development companies (BDCs), master limited partnerships (MLPs) and other vehicles whose principal business is to invest in, lend capital to or provide services to privately held companies (collectively, listed private equity companies). The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$70.35

Average Daily Volume

16,881

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VCSH	PSP
30 Days	-0.24%	2.66%
60 Days	-1.00%	3.67%
90 Days	0.07%	8.18%
12 Months	6.91%	38.54%

7 Overlapping Holdings

Symbol	Grade	Weight in VCSH	Weight in PSP	Overlap
ARCC	A	0.04%	3.02%	0.04%
BCSF	C	0.01%	0.22%	0.01%
FSK	A	0.02%	0.93%	0.02%
GBDC	D	0.02%	0.69%	0.02%
GSBD	F	0.02%	0.21%	0.02%
MAIN	A	0.01%	0.48%	0.01%
TSLX	C	0.02%	0.21%	0.02%

VCSH Overweight 436 Positions Relative to PSP

Symbol	Grade	Weight
V	A	0.13%
TAP	C	0.1%
CARR	C	0.09%
MDT	D	0.08%
BIIB	F	0.08%
DD	C	0.08%
STLA	F	0.07%
OTIS	C	0.07%
ETN	A	0.07%
CHTR	C	0.07%
KO	D	0.06%
COST	A	0.06%
KLAC	F	0.06%
OMC	C	0.06%
WBA	F	0.06%
AIG	B	0.06%
HCA	F	0.06%
VZ	C	0.06%
VRSK	A	0.05%
ADP	A	0.05%
ADM	D	0.05%
CRM	B	0.05%
DLTR	F	0.05%
BLK	B	0.05%
NI	A	0.05%
HPQ	B	0.05%
TGT	F	0.05%
LMT	D	0.05%
NOC	D	0.05%
ORCL	A	0.05%
NTRS	A	0.04%
ITW	B	0.04%
FTV	C	0.04%
VFC	C	0.04%
TJX	A	0.04%
WLK	D	0.04%
RF	A	0.04%
WB	D	0.04%
MA	B	0.04%
ZTS	D	0.04%
FOXA	A	0.04%
RPRX	D	0.04%
QCOM	F	0.04%
GSK	F	0.04%
MRK	D	0.04%
AZN	F	0.04%
GOOGL	C	0.04%
GILD	C	0.04%
AMZN	C	0.04%
TMUS	B	0.04%
MSFT	D	0.04%
JNPR	D	0.03%
JBHT	C	0.03%
DLR	B	0.03%
MSI	B	0.03%
EMN	C	0.03%
AMAT	F	0.03%
FDX	B	0.03%
EL	F	0.03%
WAB	B	0.03%
SWKS	F	0.03%
APTV	F	0.03%
CME	B	0.03%
AGR	A	0.03%
HRL	D	0.03%
JD	D	0.03%
HAS	D	0.03%
MHK	D	0.03%
NUE	C	0.03%
DXC	B	0.03%
WAL	B	0.03%
ATO	A	0.03%
BAX	F	0.03%
CNO	B	0.03%
SPGI	C	0.03%
SNX	D	0.03%
PVH	C	0.03%
PHM	D	0.03%
GIS	D	0.03%
BXP	C	0.03%
ADBE	C	0.03%
GLPI	C	0.03%
JEF	A	0.03%
HAL	C	0.03%
BG	D	0.03%
SYY	D	0.03%
SWK	D	0.03%
SYF	B	0.03%
PRU	A	0.03%
MOS	F	0.03%
MU	D	0.03%
EBAY	D	0.03%
PYPL	B	0.03%
PFE	F	0.03%
STT	B	0.03%
VLO	C	0.03%
WMB	A	0.03%
GPN	B	0.03%
DIS	B	0.03%
EPD	A	0.03%
MPLX	A	0.03%
FIS	C	0.03%
BERY	C	0.03%
CB	C	0.03%
AER	A	0.03%
MPC	D	0.03%
AXP	A	0.03%
VTRS	A	0.03%
INTC	C	0.03%
FITB	B	0.03%
HPE	B	0.03%
CMCSA	B	0.03%
MS	A	0.03%
AAPL	C	0.03%
WPC	C	0.02%
SKT	A	0.02%
RL	C	0.02%
THG	A	0.02%
UNM	A	0.02%
VNT	C	0.02%
STLD	B	0.02%
CF	A	0.02%
BKU	A	0.02%
CDNS	B	0.02%
A	D	0.02%
BEN	C	0.02%
CPT	B	0.02%
BC	C	0.02%
ALLE	C	0.02%
AIZ	A	0.02%
HST	C	0.02%
HP	C	0.02%
HOG	D	0.02%
INTU	B	0.02%
L	A	0.02%
JCI	B	0.02%
GXO	B	0.02%
KMPR	A	0.02%
EQH	C	0.02%
FTNT	C	0.02%
FRT	B	0.02%
EA	A	0.02%
NNN	C	0.02%
SF	B	0.02%
PSA	C	0.02%
SBRA	C	0.02%
VNO	C	0.02%
WM	B	0.02%
BKH	A	0.02%
APH	A	0.02%
DOV	A	0.02%
COKE	C	0.02%
ALB	B	0.02%
BWA	D	0.02%
BABA	D	0.02%
AWH	F	0.02%
AFG	A	0.02%
BRO	B	0.02%
BR	A	0.02%
CTVA	C	0.02%
KEYS	A	0.02%
HRB	D	0.02%
IP	A	0.02%
ILMN	C	0.02%
GWW	B	0.02%
LNT	A	0.02%
LLY	F	0.02%
OCSL	F	0.02%
LAZ	B	0.02%
MRVL	B	0.02%
CSX	C	0.02%
K	A	0.02%
KR	B	0.02%
LRCX	F	0.02%
ORI	A	0.02%
DVN	F	0.02%
LYB	F	0.02%
PH	A	0.02%
TDY	B	0.02%
TT	A	0.02%
VOYA	B	0.02%
EQR	C	0.02%
LIN	C	0.02%
OHI	C	0.02%
LHX	C	0.02%
LDOS	C	0.02%
MCO	B	0.02%
NTAP	C	0.02%
IVZ	B	0.02%
HUM	C	0.02%
DOC	C	0.02%
WEC	A	0.02%
VTR	B	0.02%
BRX	A	0.02%
AES	F	0.02%
CE	F	0.02%
AN	C	0.02%
CNA	C	0.02%
CMI	A	0.02%
EOG	A	0.02%
NKE	F	0.02%
DGX	A	0.02%
FANG	C	0.02%
FLEX	B	0.02%
EXPE	B	0.02%
CNH	C	0.02%
ADI	D	0.02%
DHR	F	0.02%
EFX	F	0.02%
ROST	D	0.02%
OKE	A	0.02%
NXPI	D	0.02%
MTB	A	0.02%
KDP	F	0.02%
BKNG	A	0.02%
ABT	B	0.02%
ICE	C	0.02%
GD	D	0.02%
CAH	B	0.02%
CPB	D	0.02%
UPS	C	0.02%
WEST	C	0.02%
PM	B	0.02%
MKC	C	0.02%
NVDA	B	0.02%
STZ	D	0.02%
SBUX	A	0.02%
SPG	A	0.02%
ET	A	0.02%
EQIX	A	0.02%
AL	B	0.02%
CM	A	0.02%
CCI	C	0.02%
MET	A	0.02%
SLB	C	0.02%
SHW	B	0.02%
ZBH	C	0.02%
PNC	B	0.02%
KMI	A	0.02%
CSCO	B	0.02%
AFL	B	0.02%
LVS	B	0.02%
BDX	F	0.02%
CAT	B	0.02%
JNJ	C	0.02%
USB	A	0.02%
RTX	D	0.02%
RY	A	0.02%
PEP	F	0.02%
CVX	A	0.02%
GM	C	0.02%
TD	D	0.02%
BMY	B	0.02%
WMT	A	0.02%
ABBV	F	0.02%
IBM	C	0.02%
CVS	D	0.02%
XOM	B	0.02%
C	A	0.02%
NVT	B	0.01%
HIW	C	0.01%
FE	C	0.01%
FNB	A	0.01%
CACC	D	0.01%
VLY	B	0.01%
RPM	A	0.01%
IPG	D	0.01%
JBL	C	0.01%
KSS	F	0.01%
G	B	0.01%
AMD	F	0.01%
EPR	C	0.01%
NEU	D	0.01%
ED	C	0.01%
NEM	D	0.01%
UHS	D	0.01%
UDR	B	0.01%
VMC	B	0.01%
WY	F	0.01%
TKR	D	0.01%
FAF	A	0.01%
HUBB	B	0.01%
LEG	F	0.01%
CHD	A	0.01%
FMC	D	0.01%
JHG	B	0.01%
HES	B	0.01%
IFF	D	0.01%
DAL	B	0.01%
WHR	B	0.01%
RNR	C	0.01%
SNV	C	0.01%
SLG	B	0.01%
RS	B	0.01%
PFG	D	0.01%
BDN	C	0.01%
TME	D	0.01%
RGA	A	0.01%
SITC	D	0.01%
TEL	B	0.01%
TRMB	B	0.01%
CL	D	0.01%
BHP	F	0.01%
CSL	C	0.01%
FLS	B	0.01%
CLX	A	0.01%
AVB	B	0.01%
GP	F	0.01%
H	B	0.01%
KMB	C	0.01%
ES	C	0.01%
OGS	A	0.01%
MLM	C	0.01%
LNC	C	0.01%
PNW	A	0.01%
ROK	C	0.01%
PSEC	D	0.01%
SCCO	F	0.01%
TXT	D	0.01%
ADSK	A	0.01%
CMS	C	0.01%
FHN	A	0.01%
CUBE	C	0.01%
MAA	B	0.01%
LII	A	0.01%
OC	A	0.01%
PDM	D	0.01%
EMR	B	0.01%
KIM	A	0.01%
HSY	F	0.01%
HII	F	0.01%
KRC	B	0.01%
MAR	A	0.01%
NFG	A	0.01%
ORLY	B	0.01%
OPI	F	0.01%
LEN	D	0.01%
NSC	B	0.01%
APD	A	0.01%
CP	F	0.01%
CNP	A	0.01%
NDAQ	A	0.01%
DHI	F	0.01%
UNP	C	0.01%
AVT	C	0.01%
PCAR	B	0.01%
AMG	B	0.01%
XEL	A	0.01%
AEE	A	0.01%
ARW	D	0.01%
AZO	C	0.01%
AWK	C	0.01%
PPG	F	0.01%
SRE	A	0.01%
PKG	A	0.01%
MCK	A	0.01%
DE	B	0.01%
DUK	C	0.01%
DOW	F	0.01%
UAL	A	0.01%
WU	F	0.01%
ROP	B	0.01%
PPL	A	0.01%
MMM	D	0.01%
LH	B	0.01%
MDLZ	F	0.01%
ESS	B	0.01%
EVRG	A	0.01%
ALL	A	0.01%
AEP	C	0.01%
AMP	A	0.01%
SYK	B	0.01%
R	B	0.01%
TXN	C	0.01%
PSX	C	0.01%
PEG	A	0.01%
DFS	B	0.01%
DTE	C	0.01%
O	C	0.01%
MCHP	F	0.01%
KEY	B	0.01%
CMA	B	0.01%
BSX	A	0.01%
ARE	F	0.01%
AON	A	0.01%
HON	C	0.01%
HBAN	A	0.01%
CFG	B	0.01%
BIDU	F	0.01%
AMT	C	0.01%
EIX	B	0.01%
MMC	B	0.01%
PAA	B	0.01%
ETR	B	0.01%
AMGN	F	0.01%
TSN	B	0.01%
D	C	0.01%
ALLY	C	0.01%
BK	A	0.01%
RSG	A	0.01%
HD	B	0.01%
TMO	F	0.01%
PG	C	0.01%
DG	F	0.01%
MO	A	0.01%
NEE	C	0.01%
LOW	C	0.01%
CAG	F	0.01%
SCHW	B	0.01%
EXC	C	0.01%
MCD	D	0.01%
BNS	A	0.01%
COP	C	0.01%
SO	C	0.01%
COF	C	0.01%
VOD	F	0.01%
LUV	C	0.01%
GE	D	0.01%
WELL	A	0.01%
UNH	B	0.01%
TFC	A	0.01%
DB	D	0.01%
AVGO	D	0.01%
BMO	A	0.01%
T	A	0.01%
PCG	A	0.01%
HSBC	A	0.01%
NWG	A	0.01%
CI	D	0.01%
MUFG	B	0.01%
WFC	A	0.01%
GS	A	0.01%
JPM	A	0.01%
DELL	B	0.01%
BA	F	0.01%
BAC	A	0.01%

VCSH Underweight 19 Positions Relative to PSP

Symbol	Grade	Weight
TPG	A	-5.92%
KKR	A	-5.63%
BX	A	-5.61%
CG	B	-4.75%
OWL	A	-3.82%
HLNE	B	-3.06%
STEP	C	-2.63%
GHC	B	-1.45%
IAC	F	-1.21%
BBUC	C	-1.16%
CODI	B	-0.75%
BXSL	A	-0.69%
PX	A	-0.54%
CNNE	B	-0.49%
HTGC	D	-0.48%
SLRC	A	-0.23%
BBDC	A	-0.22%
NMFC	D	-0.21%
CSWC	D	-0.2%

PSP: Top Represented Industries & Keywords

Industries: Asset Management Credit Services Conglomerates Education & Training Services Internet Content & Information Specialty Finance