Core Insights - The article compares two low-cost U.S. equity ETFs: State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) and Vanguard Total Stock Market ETF (VTI), highlighting their suitability for long-term investors seeking broad market exposure [1][2] Cost & Size Comparison - Both SPTM and VTI have an identical expense ratio of 0.03% and similar dividend yields, with SPTM at 1.13% and VTI at 1.11% [3] - AUM for SPTM is $12 billion, while VTI has significantly higher AUM at $567 billion, indicating greater liquidity for VTI [3][8] Performance & Risk Analysis - Over a five-year period, $1,000 invested in SPTM would grow to $1,790, while the same investment in VTI would grow to $1,723 [4] - The maximum drawdown for SPTM is -24.15%, compared to -25.36% for VTI, indicating similar risk profiles [4] Portfolio Composition - VTI offers exposure to 3,527 stocks, with a significant allocation of 35% in technology, while SPTM covers 1,511 holdings with 34% in technology [5][6] - Both ETFs have similar top holdings, including Apple, Nvidia, and Microsoft, which together represent around 19% of their assets [5][6] Investor Considerations - The primary differentiators between SPTM and VTI are AUM and the number of holdings, with VTI providing broader diversification due to its larger portfolio [8][9] - Despite VTI's larger number of stocks, both funds have shown comparable returns and risk metrics, making the choice between them more about liquidity and diversification preferences [9]

Core Insights - Warwick Investment Management, Inc. significantly increased its stake in the Vanguard Total Corporate Bond ETF, acquiring 85,836 shares for an estimated $6.65 million, raising its total holdings to 90,685 shares valued at $7.11 million post-transaction [2][10]. Investment Activity - The acquisition occurred during Q3 2025, as reported in an SEC filing dated October 24, 2025 [2]. - The Vanguard Total Corporate Bond ETF now represents 1.23% of Warwick's total reportable U.S. equity assets, which amount to $576.11 million as of Q3 2025 [3]. ETF Performance - As of October 23, 2025, the ETF's shares were priced at $78.95, reflecting a 2.3% increase over the past year, but underperforming the S&P 500 by 8.13 percentage points [3]. - The ETF reported a trailing 12-month dividend yield of 4.64% and was 0.09% below its 52-week high on October 23, 2025 [4]. ETF Overview - The Vanguard Total Corporate Bond ETF has an Assets Under Management (AUM) of $1.31 billion and operates with an expense ratio of 0.03% [5][7]. - The ETF aims to track the Bloomberg U.S. Corporate Bond Index, investing in U.S. dollar-denominated, investment-grade corporate bonds [6]. Strategic Implications - The increase in bond holdings by Warwick may indicate a strategy to balance risk amid market uncertainties, as the firm's top holdings are heavily weighted in equities, particularly in the technology sector [10][11].