VUSB vs. FPAG ETF Comparison

Comparison of Vanguard Ultra-Short Bond ETF (VUSB) to FPA Global Equity ETF (FPAG)

VUSB

Vanguard Ultra-Short Bond ETF

VUSB Description

Vanguard Bond Index Funds - Vanguard Ultra-Short Bond ETF is an exchange traded fund launched and managed by The Vanguard Group, Inc. The fund invests in the fixed income markets. It primarily invests in high-quality securities that are rated A3 or better and medium-quality securities that are rated Baa1, Baa2, or Baa3 by Moody's Investors Service, Inc. The fund seeks to invest in securities with maturity of 0-2 years. The fund employs fundamental analysis with bottom-up and top-down security picking approach to create its portfolio. Vanguard Bond Index Funds - Vanguard Ultra-Short Bond ETF was formed on April 5, 2021 is domiciled in the United States.

Grade (RS Rating)

Last Trade

$49.39

Average Daily Volume

833,237

Number of Holdings ^*

202

* may have additional holdings in another (foreign) market

FPAG

FPA Global Equity ETF

FPAG Description

Although the adviser has adopted a policy to invest at least 80% of its assets in equity securities, the adviser expects to invest, under normal circumstances, at least 95% of the fund?s assets in equity securities. The fund invests primarily in publicly traded common stocks of mid- and large-cap U.S. and non-U.S. companies, including companies in emerging market countries. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.10

Average Daily Volume

18,636

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VUSB	FPAG
30 Days	0.44%	0.99%
60 Days	0.71%	4.51%
90 Days	1.13%	7.29%
12 Months	5.01%	28.39%

11 Overlapping Holdings

Symbol	Grade	Weight in VUSB	Weight in FPAG	Overlap
AMZN	A	0.06%	3.39%	0.06%
AON	D	0.07%	2.69%	0.07%
AVGO	D	0.01%	2.26%	0.01%
C	B	0.01%	4.88%	0.01%
CHTR	F	0.18%	1.75%	0.18%
CMCSA	F	0.6%	4.78%	0.6%
IFF	A	0.05%	3.84%	0.05%
KMI	A	0.02%	1.72%	0.02%
MAR	D	0.01%	1.69%	0.01%
TEL	C	0.03%	4.58%	0.03%
WFC	B	0.01%	3.66%	0.01%

VUSB Overweight 191 Positions Relative to FPAG

Symbol	Grade	Weight
RL	D	0.99%
NVDA	C	0.71%
BHF	B	0.7%
COF	B	0.61%
COP	C	0.52%
GIS	B	0.47%
SYY	D	0.43%
EMN	B	0.42%
GILD	F	0.36%
SPG	C	0.3%
NUE	D	0.29%
HRL	B	0.28%
PXD	B	0.28%
ZBH	D	0.28%
ALL	B	0.27%
PSA	D	0.25%
CNHI	D	0.24%
WM	A	0.24%
EOG	B	0.23%
MLM	D	0.23%
MCK	A	0.23%
STZ	D	0.23%
AMP	C	0.2%
PYPL	B	0.2%
EBAY	C	0.19%
HII	D	0.19%
MPC	D	0.18%
GPN	F	0.18%
MKC	B	0.17%
RPRX	D	0.17%
AIG	A	0.17%
EQH	A	0.17%
SWKS	F	0.15%
ROK	F	0.14%
OKE	B	0.14%
UNP	D	0.14%
PEP	B	0.13%
ESGR	C	0.13%
EQR	A	0.13%
KIM	C	0.13%
AAPL	B	0.12%
AMGN	B	0.12%
SLB	F	0.12%
BDN	B	0.11%
LEN	C	0.11%
PFG	C	0.11%
PSX	D	0.11%
CB	C	0.11%
HUM	F	0.11%
SRE	B	0.11%
SLG	B	0.1%
SBUX	F	0.1%
TDY	D	0.1%
CM	D	0.1%
BHP	D	0.09%
CHD	A	0.09%
LNC	C	0.09%
PG	A	0.09%
DB	B	0.09%
NWG	B	0.09%
CCEP	A	0.08%
MMC	C	0.08%
KR	B	0.08%
IBM	D	0.08%
MS	A	0.08%
CAG	B	0.07%
MCO	C	0.07%
IVZ	D	0.07%
MDLZ	B	0.07%
AMTD	D	0.06%
AEP	A	0.06%
EPD	B	0.06%
DTE	A	0.06%
ILMN	F	0.06%
PAA	B	0.06%
TXN	A	0.06%
ALLY	B	0.06%
AL	C	0.06%
R	A	0.06%
MUFG	D	0.06%
UBS	C	0.06%
LLY	C	0.05%
KEY	C	0.05%
NDAQ	B	0.05%
TD	F	0.05%
KSA	D	0.05%
ETR	A	0.05%
ICE	D	0.05%
ABBV	D	0.05%
DIS	D	0.05%
PRU	B	0.05%
AXP	B	0.05%
VTRS	D	0.05%
ZTS	D	0.04%
DELL	B	0.04%
CSL	B	0.04%
CME	D	0.04%
CCI	D	0.04%
SHW	D	0.04%
OPI	C	0.04%
OHI	B	0.04%
ES	B	0.04%
CI	C	0.04%
SEB	C	0.04%
SO	A	0.04%
BKH	B	0.03%
BK	A	0.03%
BIIB	C	0.03%
AEE	B	0.03%
DD	A	0.03%
FNF	B	0.03%
KRC	D	0.03%
KMB	B	0.03%
MSFT	D	0.03%
SYF	B	0.03%
ARCC	A	0.03%
USB	D	0.03%
UPS	F	0.03%
INTC	F	0.03%
DFS	C	0.03%
PM	B	0.03%
GM	A	0.03%
ORCL	D	0.03%
BMY	F	0.03%
CFG	A	0.02%
GE	A	0.02%
MRK	B	0.02%
KMPR	B	0.02%
PNC	B	0.02%
O	B	0.02%
NSC	D	0.02%
TAP	F	0.02%
WRB	D	0.02%
VOD	F	0.02%
HOG	D	0.02%
HON	D	0.02%
DUK	A	0.02%
BXP	F	0.02%
BNS	D	0.02%
BMO	D	0.02%
LYB	C	0.01%
FANG	B	0.01%
CTAS	A	0.01%
HD	D	0.01%
GSK	A	0.01%
FIS	B	0.01%
DT	D	0.01%
MKL	A	0.01%
LOW	D	0.01%
JXN	A	0.01%
HPE	D	0.01%
SCHW	A	0.01%
PCAR	D	0.01%
TSN	B	0.01%
BEN	F	0.01%
ATO	A	0.01%
ARW	B	0.01%
XOM	B	0.01%
STT	C	0.01%
T	B	0.01%
CAT	D	0.01%
CVS	F	0.01%
KDP	A	0.01%
VZ	D	0.01%
WMB	B	0.01%
CPB	B	0.01%
EXC	B	0.01%
LIN	D	0.01%
DE	B	0.01%
CVX	B	0.01%
AZO	D	0.01%
BA	F	0.01%
EIX	A	0.01%
UNH	C	0.01%
TFC	B	0.01%
NEM	B	0.01%
JPM	B	0.01%
AZN	A	0.01%
NEE	B	0.01%
ET	A	0.01%
AER	A	0.01%
PL	F	0.01%
CNP	B	0.01%
MET	C	0.01%
AVB	A	0.01%
D	B	0.01%
AMT	D	0.01%
BAC	A	0.01%
LUV	F	0.01%
GS	A	0.01%
HSBC	A	0.01%

VUSB Underweight 14 Positions Relative to FPAG

Symbol	Grade	Weight
GOOGL	A	-6.38%
META	D	-5.35%
ADI	A	-5.13%
GOOG	A	-4.17%
NXPI	A	-2.21%
KMX	D	-1.85%
FE	A	-1.49%
HWM	A	-1.29%
ICLR	D	-1.26%
WAB	A	-1.23%
UBER	D	-1.16%
NFLX	C	-0.66%
BABA	B	-0.29%
PCG	B	-0.21%