VEA vs. FLCB ETF Comparison

Comparison of Vanguard FTSE Developed Markets ETF (VEA) to Franklin Liberty U.S. Core Bond ETF (FLCB)

VEA

Vanguard FTSE Developed Markets ETF

VEA Description

The investment seeks to provide a tax-efficient investment return consisting of long-term capital appreciation. The fund purchases stocks included in the FTSE Developed ex North America Index, which includes approximately 1,385 common stocks of companies located in developed countries of Europe, Australia, Asia, and the Far East. It uses statistical methods to "sample" the index, aiming to closely track its investment performance while limiting investments in Index securities that have undesirable tax characteristics in an attempt to minimize taxable income distributions.

Grade (RS Rating)

Last Trade

$51.95

Average Daily Volume

7,387,831

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FLCB

Franklin Liberty U.S. Core Bond ETF

FLCB Description

The investment seeks total return. Under normal market conditions, the fund invests at least 80% of its net assets in bonds of U.S. issuers, including government, corporate debt, mortgage-backed and asset-backed securities. It invests predominantly in investment grade debt securities and, under normal market conditions, is generally expected to have sector, credit and duration exposures comparable to the Bloomberg Barclays U.S. Aggregate Bond Index, the fund's benchmark index. The fund may enter into various interest rate and credit-related derivatives, principally U.S. Treasury futures, interest rate swaps and credit default swaps.

Grade (RS Rating)

Last Trade

$22.05

Average Daily Volume

605,930

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VEA	FLCB
30 Days	0.72%	0.88%
60 Days	2.53%	4.14%
90 Days	6.12%	4.36%
12 Months	20.80%	10.61%

1 Overlapping Holdings

	Symbol	Grade	Weight in VEA	Weight in FLCB	Overlap
	ABBV	C	0.37%	0.37%	0.37%

VEA Overweight 60 Positions Relative to FLCB

Symbol	Grade	Weight
NVS	C	0.96%
TM	F	0.96%
UL	C	0.64%
MUFG	D	0.53%
SONY	C	0.45%
TD	A	0.44%
SMFG	D	0.38%
SHOP	C	0.32%
DEO	D	0.29%
CNI	D	0.28%
MFG	D	0.25%
HMC	D	0.22%
LYG	B	0.2%
BCS	B	0.19%
WCN	D	0.19%
STLA	F	0.15%
FLUT	B	0.15%
E	C	0.15%
GOLD	B	0.14%
SW	C	0.1%
KB	C	0.09%
SHG	C	0.09%
NMR	D	0.07%
XRX	F	0.06%
LOGI	D	0.06%
RBA	C	0.06%
OTEX	D	0.04%
QGEN	C	0.04%
AGCO	D	0.03%
WFG	A	0.03%
KEP	C	0.02%
MBAVU	C	0.02%
AEI	D	0.02%
SPNS	D	0.01%
GOGL	D	0.01%
TRMD	D	0.01%
LSPD	D	0.01%
HAFN	C	0.01%
LIF	D	0.01%
TAC	B	0.01%
IAG	B	0.01%
DOOO	D	0.01%
LPL	D	0.01%
PRMW	B	0.01%
FRO	F	0.01%
CALX	D	0.0%
CTS	D	0.0%
VGR	B	0.0%
SLDB	F	0.0%
IONR	C	0.0%
GCBC	D	0.0%
AUDC	F	0.0%
CHGX	A	0.0%
VMAR	F	0.0%
RENB	F	0.0%
SSBI	F	0.0%
ELBM	C	0.0%
FLNG	C	0.0%
PIXY	F	0.0%
MNTX	D	0.0%

VEA Underweight 41 Positions Relative to FLCB

Symbol	Grade	Weight
BAC	D	-0.53%
CAF	F	-0.51%
VZ	B	-0.51%
BABA	B	-0.48%
FLEX	C	-0.43%
DGX	C	-0.42%
DUK	B	-0.41%
MO	C	-0.41%
MHK	C	-0.4%
GJS	A	-0.39%
MPLX	B	-0.39%
CF	C	-0.35%
C	D	-0.34%
TAK	C	-0.34%
DLTR	F	-0.34%
NOW	A	-0.33%
CARR	B	-0.32%
RPRX	D	-0.31%
XOM	D	-0.31%
BA	F	-0.3%
LVS	D	-0.28%
SCCO	D	-0.26%
RDN	C	-0.24%
KMI	A	-0.24%
EXC	B	-0.2%
NOC	A	-0.19%
VOD	C	-0.19%
NVR	B	-0.19%
CNC	C	-0.18%
EQNR	F	-0.18%
CMCSA	D	-0.14%
FDX	F	-0.14%
ACGL	B	-0.11%
GPJA	B	-0.1%
MET	A	-0.09%
WMB	B	-0.08%
HCA	A	-0.07%
ET	B	-0.06%
PSX	D	-0.06%
KIM	C	-0.05%
CSX	D	-0.05%