Top 3 Industries:

1. Finance: 30%
2. Healthcare: 20%
3. Industry: 15%

Top 3 Markets:

1. USA: 60%
2. Europe: 25%
3. Asia: 10%

The Vanguard Intermediate-Term Corporate Bond ETF (VCIT) invests in medium-term corporate bonds from various industries. The largest share of bonds comes from the finance sector, followed by healthcare and industry. These sectors are traditionally well represented as they offer stable and reliable returns.

Geographically, the US market is the dominant market for VCIT, due to the size and liquidity of the American bond market. Europe and Asia follow, with European bonds also making a significant contribution due to economic stability and diversification opportunities.

Production: Not applicable

The Vanguard Intermediate-Term Corporate Bond ETF (VCIT) is an exchange-traded fund and not a company that manufactures physical products. Therefore, there are no production facilities. The ETF invests in a diversified portfolio of corporate bonds with intermediate maturities. Vanguard, as an investment company, manages these funds and offers investors the opportunity to invest in these bonds to achieve a return.

Current Assets under Management (AUM): $45 billion (2023)

Current Yield: 3.2% (2023)

Vanguard Scottsdale Funds, especially the Vanguard Intermediate-Term Corporate Bond ETF (VCIT), pursues a strategy aimed at diversification and risk minimization. The focus is on investing in medium-term corporate bonds to provide a balanced relationship between risk and return.

Future growth is sought through the continuous adjustment of the portfolio to changing market conditions. This includes the regular reassessment of the bonds in the portfolio to benefit from interest rate changes and economic developments.

Vanguard also emphasizes cost efficiency to offer investors competitive fee structures, increasing the attractiveness of the ETF. The strategy also includes leveraging technological advancements to enhance trading and analysis tools for making informed investment decisions.

The Vanguard Intermediate-Term Corporate Bond ETF (VCIT) is an exchange-traded fund that invests in corporate bonds. As such, it does not import any commodities or materials, as it does not engage in physical production or manufacturing.

The fund invests in a variety of corporate bonds issued by different companies. These companies may import raw materials in their own production processes, but the ETF itself is simply a financial instrument that holds these bonds.

If you need information about the commodities and materials imported by companies within the fund, you would have to analyze the individual companies in which the fund invests.

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

Expense Ratio: 0.05% (2023)

The Vanguard Intermediate-Term Corporate Bond ETF (VCIT) has a significant competitive advantage resulting from several factors. Firstly, the size of the assets under management (AUM) estimated at $50 billion gives the ETF a strong market presence and enables economies of scale leading to cost-efficient management.

Secondly, the low expense ratio of 0.05% is a crucial advantage over many competitors as it allows investors to achieve higher net returns. This cost efficiency is a hallmark of Vanguard and attracts cost-conscious investors.

Additionally, VCIT benefits from the broad diversification and stable performance of medium-term corporate bonds, reducing the risk for investors. Vanguard's strong brand reputation as a trusted and experienced provider of index funds further strengthens the competitive advantage.

Overall, VCIT positions itself as an attractive investment instrument for investors seeking a cost-effective and diversified investment opportunity in the corporate bond sector.

Institutional investor share: 80% (estimated, 2025)

Insider purchases/sales: No significant insider transactions known (2025)

The Vanguard Intermediate-Term Corporate Bond ETF (VCIT) is a popular ETF that is heavily demanded by institutional investors. The estimated institutional investor share of 80% reflects the confidence that large investors have in this fund to diversify their portfolios with medium-term corporate bonds.

Insider purchases or sales are generally not relevant for ETFs like VCIT, as it is a fund and not a single company. Therefore, there are no significant insider transactions that would need to be reported.

Market share of Vanguard Intermediate-Term Corporate Bond ETF (VCIT): Estimate 12% (2025)

Main competitors and their market shares:

1. iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD): Estimate 15%
2. SPDR Bloomberg Barclays Intermediate Term Corporate Bond ETF (ITR): Estimate 10%
3. iShares Intermediate Credit Bond ETF (CIU): Estimate 8%
4. Schwab U.S. Aggregate Bond ETF (SCHZ): Estimate 7%
5. Invesco BulletShares 2025 Corporate Bond ETF (BSCP): Estimate 6%

Moat of VCIT:

Vanguard is known for its cost-effective ETF offerings, which represent a significant advantage in the market. The main advantage of VCIT lies in its low cost structure and broad diversification, enabling investors to achieve a balanced risk-return profile. This can be considered a moat as it enhances attractiveness for cost-conscious investors.

Compared to competitors, iShares with LQD has an advantage due to its greater liquidity and volume, attracting institutional investors. SPDR also provides strong competition through specialized products targeting specific market segments.

Overall, VCIT has a solid, but not insurmountable moat. The competition offers similar products with different focuses, meaning that the competition remains intense and differentiation mainly occurs through costs and specific investment strategies.

Total Expense Ratio (TER): 0.07% (2023)
Fund Size: Over 50 billion USD (2023)
Average Return of the Last 5 Years: Approximately 4.5% p.a. (2023)

The Vanguard Intermediate-Term Corporate Bond ETF (VCIT) is known for its low costs and broad diversification in medium-term corporate bonds. With a Total Expense Ratio of 0.07%, it is one of the most cost-effective ETFs in its category, making it attractive to cost-conscious investors.

The fund size of over 50 billion USD demonstrates high liquidity and strong investor confidence in this ETF. The average return of approximately 4.5% p.a. over the last five years is solid and reflects the stability and moderate risk of medium-term corporate bonds.

For investors seeking a stable source of income and willing to take on the moderate risk of corporate bonds, VCIT could be a good investment. However, it is important to consider the current market conditions and interest rate developments as they can influence future performance.

Dividend yield: 3.2% (2025, estimated)

The Vanguard Intermediate-Term Corporate Bond ETF (VCIT) regularly pays a dividend, which comes from the interest income of the corporate bonds held in the fund. The distributions usually occur monthly and are relatively reliable as they are based on the ongoing interest income.

The dividend yield of about 3.2% reflects the returns that investors can expect from the held bonds. This yield may vary depending on the interest rate environment and market conditions, but generally remains stable as the fund invests in a broad range of corporate bonds.