Industry revenues: Not applicable
Top 3 markets:

1. US Treasury bonds: approx. 45%
2. Corporate bonds: approx. 35%
3. Mortgage-backed securities (MBS): approx. 20%

Since the Vanguard Intermediate-Term Bond ETF (BIV) is a bond ETF, it does not generate revenues like a company. Instead, the ETF invests in various bonds that generate income in the form of interest.

The ETF mainly focuses on US Treasury bonds, corporate bonds, and mortgage-backed securities. These markets represent the largest shares of the portfolio and provide diversification across various types of fixed-income securities.

Production: Not applicable

Vanguard is a financial services company that offers mutual funds and ETFs. It does not produce physical products. Instead, Vanguard manages funds that invest in various bonds and securities. The Vanguard Intermediate-Term Bond ETF (BIV) invests in a diversified portfolio of medium-term bonds from various issuers. The management and structuring of these funds are done by Vanguard, mainly from their offices in the USA.

Current Yield: 2.8% (2025)

Vanguard pursues a strategy with the Intermediate-Term Bond ETF (BIV) that focuses on diversification and risk minimization. The fund invests in a broad range of medium-term bonds to provide a balanced risk-return profile.

Future growth is aimed at by adjusting the portfolio composition to changing market conditions. Vanguard relies on cost-effective management and the utilization of economies of scale to keep total costs low for investors.

Furthermore, it is expected that the fund will benefit from an increase in demand for fixed-income investments, especially in times of economic uncertainty, as investors seek stable returns.

Raw Materials/Materials: No direct imports

The Vanguard Intermediate-Term Bond ETF (ARCA:BIV) is an exchange-traded fund that invests in bonds. As a financial product, the ETF does not import or utilize physical raw materials or materials. Instead, it invests in a variety of bonds issued by different issuers.

Since it is a bond ETF, its portfolio consists of fixed-income securities issued by companies, governments, or other institutions. The geographic diversification and the type of bonds (e.g. government bonds, corporate bonds) determine the character of the fund, not physical imports of raw materials or materials.

Assets under Management (AUM): 50 billion USD (estimated for 2025)

Expense Ratio: 0.07% (2023)

The Vanguard Intermediate-Term Bond ETF (ARCA:BIV) provides investors access to a diversified portfolio of medium-term bonds. The fund's competitive advantage lies in several factors:

Firstly, the extremely low expense ratio of 0.07% is a significant advantage over many competitors. These low costs allow investors to retain more of their returns, which is particularly important in a low-interest environment.

Secondly, Vanguard has a strong reputation and a long history in managing index funds, creating trust among investors. The Vanguard brand stands for reliability and efficiency, contributing to the fund having a stable investor base.

Additionally, the fund offers broad diversification across various bonds, reducing risk for investors. This diversification is another advantage as it makes the portfolio more resilient to market fluctuations.

Overall, the competitive advantage of the Vanguard Intermediate-Term Bond ETF is strong, particularly due to the combination of low costs, brand trust, and diversification.

Institutional investor share: approx. 75% (estimated for 2025 based on historical trends)

Insider purchases/sales: Not relevant for ETFs

The Vanguard Intermediate-Term Bond ETF (BIV) is an exchange-traded fund primarily held by institutional investors. These investors often use the ETF for diversification and as part of their bond market investment strategy. The institutional investor share typically ranges from about 70-80%, which also seems realistic for 2025.

Insider purchases and sales are not relevant for ETFs, as they do not represent individual companies but rather a basket of bonds or stocks. Therefore, there are no "insiders" in the traditional sense, as with individual stocks.

Market share of Vanguard Intermediate-Term Bond ETF (BIV): Estimate around 5% (2025)

Main competitors and their market shares:

1. iShares Core U.S. Aggregate Bond ETF (AGG): around 10%
2. Schwab U.S. Aggregate Bond ETF (SCHZ): around 7%
3. SPDR Bloomberg Barclays Aggregate Bond ETF (BNDS): around 6%
4. iShares U.S. Treasury Bond ETF (GOVT): around 5%
5. Fidelity Total Bond ETF (FBND): around 4%

The Vanguard Intermediate-Term Bond ETF (BIV) holds a moderate market share in the bond ETF sector. The main competitor, iShares Core U.S. Aggregate Bond ETF (AGG), has a significantly higher market share, which can be attributed to a stronger brand presence and possibly broader diversification.

Vanguard's moat usually lies in its low cost structures and broad acceptance among institutional and retail investors. This provides a certain advantage over competitors. However, other companies like iShares and Schwab also have strong brands and a wide range of products, which reinforces their moat.

Overall, Vanguard's moat is solid but not insurmountable. The competition offers comparable products with similar cost structures, intensifying the rivalry. The choice of a specific ETF often depends on individual preferences regarding costs, diversification, and investment strategy.

Total return in the last 5 years: 3.5% p.a. (estimated, as of 2025) Average duration: 6.5 years Average credit quality: A

The Vanguard Intermediate-Term Bond ETF (ARCA:BIV) is a diversified bond fund that focuses on medium-term bonds. The average duration of 6.5 years indicates that the fund reacts moderately to interest rate changes, potentially making it more volatile in a rising interest rate environment.

The average credit quality of A suggests that the fund invests in relatively safe bonds, minimizing credit risk. This makes the fund attractive to investors seeking stability and some protection against market fluctuations.

Overall, the fund could be a good investment for investors looking for moderate returns with relatively low risk. However, investors should keep an eye on interest rate developments, as these can have a significant impact on the fund's performance.

Dividend Yield: 2.5% (estimated for 2025)

The Vanguard Intermediate-Term Bond ETF (ARCA:BIV) regularly pays out dividends, which are generated from the interest income of the bonds held in the fund. The distribution usually occurs monthly, which is typical for bond funds.

The reliability of dividend payments with this ETF is high, as they are based on the regular interest payments of the bonds held in the fund. However, fluctuations in the dividend amount can occur depending on interest rates and the composition of the portfolio. Historically, the fund has followed a stable distribution policy.