Note: The Vanguard Intermediate-Term Treasury ETF (VGIT) is an exchange-traded fund that invests in medium-term US Treasury bonds. As a bond ETF, VGIT does not generate revenues from sectors or markets like a company. Instead, the fund invests in fixed-income securities issued by the US government.

Revenue sources: Not applicable for VGIT, as it is a bond ETF.

Top 3 markets: Not applicable, as VGIT invests in US Treasury bonds and does not serve geographical markets in the traditional sense.

VGIT mainly generates its income through the interest paid on the held US Treasury bonds. These interest payments come directly from the US government. The fund is designed to provide investors with a stable source of income at relatively low risk, as US Treasury bonds are considered one of the safest forms of investment.

Vanguard Scottsdale Funds - Vanguard Intermediate-Term Treasury ETF (NasdaqGM:VGIT) is an exchange-traded fund (ETF) and not a company that produces physical products.

This ETF invests in US Treasury bonds with intermediate maturities. Therefore, there are no production facilities or physical products associated with this fund. The fund is managed by the Vanguard Group, which is headquartered in Malvern, Pennsylvania, USA.

Strategy for Future Growth: Diversification and Risk Management

Vanguard Scottsdale Funds pursues a strategy with the Vanguard Intermediate-Term Treasury ETF (VGIT) that focuses on diversification and risk management. The focus is on providing investors access to a diversified portfolio of US Treasury bonds with medium-term maturities.

This strategy enables investors to benefit from stable returns and a certain level of security associated with government bonds. Vanguard emphasizes cost-effective management and transparency to maximize returns for investors.

In the future, Vanguard plans to continue offering attractive returns by optimizing the portfolio composition and adapting to market changes. This includes considering macroeconomic trends and interest rate changes to adjust the portfolio accordingly.

Raw materials/materials: Not applicable

The Vanguard Intermediate-Term Treasury ETF (VGIT) is an exchange-traded fund that invests in medium-term US government bonds. Since it is a financial fund, it does not import physical raw materials or materials. Instead, the fund invests in fixed-income securities issued by the US government.

The fund's focus is on providing a stable return through interest income from these bonds, rather than trading or importing physical goods.

Assets Under Management (AUM): 15 billion USD (estimated for 2025)

Expense Ratio: 0.05% (2023)

The Vanguard Intermediate-Term Treasury ETF (VGIT) is an exchange-traded fund that invests in medium-term US Treasury bonds. The competitive advantage of this ETF lies in several factors:

First, VGIT offers a very low expense ratio of 0.05%, making it a cost-effective option for investors looking to invest in government bonds. These low costs are a significant advantage over many other bond funds that charge higher management fees.

Second, VGIT benefits from the strong brand and trust that Vanguard enjoys as one of the largest asset managers globally. This attracts investors who value security and stability.

Finally, the ETF provides broad diversification across various medium-term US Treasury bonds, minimizing risk for investors and enabling stable returns. This is particularly attractive in times of economic uncertainty when investors seek safe havens.

Overall, VGIT's competitive advantage is strong, especially due to its low costs and Vanguard's solid reputation.

Institutional investor share: Estimated at around 60-70% (2025)

Insider purchases/sales: Not relevant for ETFs

The Vanguard Intermediate-Term Treasury ETF (VGIT) is an exchange-traded fund that invests in medium-term US Treasury bonds. ETFs like VGIT typically have a high proportion of institutional investors, as they are often used by pension funds, insurance companies, and other large financial institutions to maintain a diversified bond portfolio.

Insider purchases and sales are not relevant for ETFs, as they are funds that hold a variety of securities and not individual companies with insiders. The shares of an ETF are traded on the stock exchange and are not directly influenced by the fund's insiders.

Market share of VGIT: Estimate around 10% in the Intermediate-Term Treasury ETFs sector (2025)

Main competitors and their market shares:

1. iShares 7-10 Year Treasury Bond ETF (IEF): around 15%
2. Schwab Intermediate-Term U.S. Treasury ETF (SCHR): around 12%
3. SPDR Portfolio Intermediate Term Treasury ETF (SPTI): around 11%
4. Vanguard Intermediate-Term Treasury ETF (VGIT): around 10%
5. Invesco Treasury Collateral ETF (CLTL): around 8%
6. iShares U.S. Treasury Bond ETF (GOVT): around 7%
7. SPDR Bloomberg Barclays Intermediate Term Treasury ETF (ITE): around 6%
8. Fidelity Intermediate Treasury Bond Index ETF (FIBI): around 5%
9. Goldman Sachs TreasuryAccess 0-1 Year ETF (GBIL): around 4%
10. PIMCO Intermediate Term U.S. Treasury ETF (ITR): around 3%

Economic moat of VGIT:

The economic moat of VGIT is mainly based on the strong brand recognition and reputation of Vanguard as one of the leading providers of low-cost index funds and ETFs. Vanguard is known for its low cost structures, which help investors achieve higher net returns. This represents a significant advantage over some competitors who may charge higher fees.

However, the economic moat in the Treasury ETF sector in general is not very pronounced, as the products are highly standardized and the differences often lie in cost structures and brand recognition. The competition is intense, and many of the above-mentioned competitors also offer cost-effective alternatives. Therefore, VGIT's competitive advantage compared to its competitors is limited and heavily depends on the ability to keep costs low and gain investors' trust.

Fund Size: 15.8 billion USD (2023) Return of the Last 12 Months: 2.3% (2023) Average Duration: 5.3 years (2023)

The Vanguard Intermediate-Term Treasury ETF (VGIT) mainly invests in US Treasury bonds with medium-term maturity. These bonds are considered relatively safe as they are backed by the US government. The fund offers a moderate return, typically lower than that of stock funds, but also comes with lower risk.

In an environment of rising interest rates, longer-term bonds may lose value, which could negatively impact the fund's performance. The average duration of 5.3 years means that the fund reacts moderately sensitively to changes in interest rates.

For investors pursuing a conservative investment strategy and looking to diversify their portfolio, VGIT could be a suitable option. Especially in times of economic uncertainty, the fund provides stability and a certain level of security. However, investors should consider current interest rate trends and their own risk preferences before investing.

Dividend yield: 2.1% (estimated for 2025)

The Vanguard Intermediate-Term Treasury ETF (VGIT) regularly pays dividends, which are typically distributed monthly. These dividends come from the interest income of the US Treasury bonds held in the ETF.

The reliability of the distribution is high, as it depends on the interest payments of the US Treasury bonds, which are considered very secure. However, fluctuations in the dividend amount can occur depending on interest rates and the composition of the portfolio. Historically, VGIT has pursued a stable distribution policy.