Warwick Funding Administration, Inc. disclosed a purchase of 85,836 shares of the Vanguard Complete Company Bond ETF in an estimated $6.65 million transaction.
What occurred
In response to an SEC submitting dated October 24, 2025, Warwick Funding Administration Inc. acquired 85,836 further shares of Vanguard Scottsdale Funds – Vanguard Complete Company Bond ETF (VTC +0.16%) throughout Q3 2025. This raised its stake to 90,685 shares, and the estimated transaction dimension was $6.65 million. The post-transaction place was valued at $7.11 million.
What else to know
Warwick elevated its VTC stake, which now represents 1.23% of its $576.11 million in reportable U.S. fairness property as of Q3 2025. Publish-trade, VTC is positioned outdoors of the fund’s high 5 holdings.
High holdings after the submitting:
- UNK:SCHK: $112.40 million (19.5% of AUM) as of September 30, 2025
- UNK:DFAC: $94.27 million (16.4% of AUM) as of September 30, 2025
- UNK:VTV: $49.13 million (8.5% of AUM) as of September 30, 2025
- NASDAQ:QQQ: $22.30 million (3.9% of AUM) as of September 30, 2025
- UNK:XLRE: $19.02 million (3.3% of AUM) as of September 30, 2025
As of October 23, 2025, shares had been priced at $78.95, up 2.3% over the 12 months ending October 23, 2025 and underperforming the S&P 500 by 8.13 share factors for a similar interval.
The ETF reported a trailing 12-month dividend yield of 4.64% as of October 24, 2025, and shares had been 0.09% under their 52-week excessive on October 23, 2025.
ETF overview
| Metric | Worth |
|---|---|
| AUM | $1.31 billion |
| Dividend yield | 4.64% |
| Value (as of market shut 2025-10-23) | $78.95 |
| 1-year complete return | 2.33% |
ETF snapshot
Funding technique: The Vanguard Complete Company Bond ETF seeks to trace the efficiency of the Bloomberg U.S. Company Bond Index utilizing an indexing method and a fund-of-funds construction.
Underlying holdings: The fund includes U.S. dollar-denominated, investment-grade company bonds issued by industrial, utility, and monetary firms.
Expense ratio and construction: The ETF operates with a diversified portfolio, providing traders broad publicity to the U.S. company bond market. It has an expense ratio of 0.03%.
The Vanguard Complete Company Bond ETF gives traders with diversified entry to the U.S. investment-grade company bond market by means of a passively managed, index-tracking technique.
By specializing in high-quality, fixed-rate bonds throughout a number of sectors, the ETF seeks to offer steady earnings.
Silly take
Warwick Funding Administration, Inc. considerably elevated its stake within the Vanguard Complete Company Bond ETF, leaping from 4,849 shares in Q2 to 90,685 shares in Q3.
Investing extra closely in bonds can typically counsel that confidence available in the market is slipping, nevertheless it can be a solution to stability danger. Warwick’s high 5 holdings are closely targeted on equities, with some — significantly QQQ and SCHK — weighted extra considerably towards the know-how trade.
Bond ETFs can assist mitigate a number of the dangers of equities whereas additionally offering dividend earnings, and institutional buys like this generally is a reminder for on a regular basis traders of the significance of sustaining a diversified portfolio.
Glossary
13F reportable property: Belongings that institutional funding managers should disclose quarterly to the SEC if above a sure threshold.
Belongings underneath administration (AUM): The overall market worth of investments managed by a fund or funding agency.
ETF (Trade-Traded Fund): An funding fund traded on inventory exchanges, holding property like shares or bonds.
Fund-of-funds construction: An funding method the place a fund invests in different funds fairly than immediately in securities.
Indexing method: A method aiming to duplicate the efficiency of a particular market index by holding comparable securities.
Funding-grade: Bonds rated as comparatively low danger of default by credit standing businesses, sometimes BBB- or greater.
Dividend yield: Annual dividends paid by an funding, expressed as a share of its present worth.
Trailing twelve-month (TTM) dividend yield: Dividend yield calculated utilizing dividends paid over the previous twelve months.
Expense ratio: The annual price, as a share of property, {that a} fund expenses to handle traders’ cash.
Company bond: A debt safety issued by a company to boost capital, sometimes paying mounted curiosity to traders.
Reportable U.S. fairness property: U.S. inventory holdings that funding managers should disclose in regulatory filings.
High holdings: The most important particular person investments inside a fund’s portfolio, usually representing important parts of its property.
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