Industry revenues: Not applicable
Top 3 markets: Not applicable

The Vanguard Short-Term Treasury ETF (VGSH) is an exchange-traded fund that invests in short-term US Treasury bonds. As a bond fund, it does not generate revenues from industries like a company does, but earns income from the interest payments on the bonds it holds.

The fund mainly invests in US Treasury bonds with a remaining maturity of 1 to 3 years. Therefore, the "markets" in the traditional sense do not apply. Instead, the fund is heavily influenced by interest rates and the monetary policy of the US Federal Reserve.

Vanguard Short-Term Treasury ETF (VGSH) is an exchange-traded fund (ETF) and not a manufacturing company.

This ETF invests in short-term US Treasury bonds and therefore has no production facilities or physical products. Instead, Vanguard manages the investment decisions and the structure of the fund to provide investors with an opportunity to invest in short-term government bonds.

Vanguard itself is headquartered in Malvern, Pennsylvania, USA, and is one of the largest asset managers worldwide.

Current Data: Not available as of 2025
Estimation based on 2023: Focus on cost-efficient management and diversification

Vanguard Scottsdale Funds, in particular the Vanguard Short-Term Treasury ETF (VGSH), traditionally pursues a conservative investment strategy that targets short-term US government bonds. This strategy provides investors with stability and liquidity, which is particularly attractive in uncertain market phases.

For future growth, Vanguard is focusing on continuously optimizing its cost structure and expanding its range of low-cost ETFs. This is intended to be achieved through the use of technology and economies of scale. Vanguard is known for its low expense ratios, which are a key component of their growth strategy.

Additionally, Vanguard could respond to the increasing demand for sustainable and ESG-compliant investments by expanding its product portfolio in this direction. This strategy would allow Vanguard to reach new groups of investors and further increase the assets under management.

Raw Materials/Materials: None

The Vanguard Short-Term Treasury ETF (VGSH) is a financial product that invests in short-term US Treasury bonds. As it is an ETF that invests in fixed-income securities, it does not import any physical raw materials or materials.

The fund is designed to provide investors with a way to invest in short-term US Treasury bonds to preserve capital and generate a certain level of income. Therefore, the question of imported raw materials or materials is not applicable in this context.

Current fund volume: $15.2 billion (2023)
Expense ratio: 0.04% (2023)

The Vanguard Short-Term Treasury ETF (VGSH) provides investors with access to short-term US Treasury bonds and is known for its low costs and high liquidity. The fund's competitive advantage lies primarily in its low expense ratio of 0.04%, which is significantly below the industry average. This allows investors to achieve higher net returns.

Another advantage is Vanguard's strong brand reputation, which is considered one of the largest and most trusted asset managers worldwide. This reputation attracts institutional and private investors alike, leading to high demand and liquidity for the fund.

In summary, VGSH's competitive advantage lies in its cost-efficient structure, high liquidity, and Vanguard's strong brand reputation. These factors make the fund an attractive choice for investors looking to invest in short-term government bonds.

Institutional investor share: approx. 60-70% (estimated for 2025 based on historical trends)

Insider purchases/sales: Not relevant for ETFs

The institutional investor share in ETFs such as the Vanguard Short-Term Treasury ETF is usually high, as these funds are often used by large institutional investors such as pension funds, insurance companies, and asset managers to manage short-term bond investments.

Insider purchases or sales are not relevant for ETFs, as they are funds that hold a variety of securities and not individual companies with a management that could buy or sell stocks.

Market share of VGSH: Estimate 5% (2025)

Top competitors and their market shares:

1. iShares Short Treasury Bond ETF (NasdaqGM:SHV): Estimate 7%
2. SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (NYSEARCA:BIL): Estimate 6%
3. Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO): Estimate 5%
4. SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS): Estimate 4%
5. iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY): Estimate 4%

Moat Analysis:

The Vanguard Short-Term Treasury ETF (VGSH) has a moderate moat, mainly supported by Vanguard's strong brand and low cost structures. Vanguard is known for its cost-efficient funds, which is a significant advantage in a market that emphasizes low fees and high liquidity.

Compared to competitors, VGSH offers similar benefits, but some competitors like iShares and SPDR also have strong brands and comparable cost structures. These companies also have a significant moat, especially through their established distribution networks and the wide acceptance of their products.

Overall, VGSH's moat is not significantly superior compared to others, as most major providers in this segment offer similar advantages. Competition in this market is strong, and success often depends on the ability to keep costs low while ensuring high liquidity.

Total Expense Ratio (TER): 0.04% (2023)
Average Effective Yield: 4.5% (2023)
Average Remaining Maturity of Bonds: 2 years (2023)

The Vanguard Short-Term Treasury ETF (VGSH) invests in short-term US Treasury bonds, which are typically considered a safe haven. The low Total Expense Ratio of 0.04% makes this ETF a cost-effective way to invest in the bond market.

With an average Effective Yield of 4.5%, the ETF offers an attractive return compared to other short-term investment options. The average remaining maturity of the bonds of 2 years means that the ETF is less susceptible to interest rate changes, making it more stable in a volatile interest rate environment.

For investors pursuing a conservative investment strategy and looking to hedge their portfolios against market risks, VGSH could be a suitable choice. Investing in this ETF provides stability and regular income, especially in times of economic uncertainty.

Dividend Yield: 1.2% (estimated for 2025)

The Vanguard Short-Term Treasury ETF (VGSH) mainly invests in short-term US Treasury bonds. This type of ETF typically pays dividends that come from the interest payments of the underlying bonds. The dividend yield for VGSH usually ranges from 1% to 2%, depending on current interest rates.

The payouts are relatively reliable as they are based on the stable interest payments of US Treasury bonds. Since these are government bonds, they are considered very secure, which supports the reliability of the payouts. However, changes in the Federal Reserve's monetary policy can affect the amount of dividends.