Core Viewpoint - Westfuller Advisors has initiated a new stake in the Vanguard Institutional Index Fund - 0-3 Months Treasury Bill ETF (VBIL), reflecting a strategic move towards ultra-short U.S. Treasury exposure for liquidity and capital preservation [2][8]. Investment Activity - Westfuller Advisors purchased 42,962 shares of VBIL, with an estimated transaction value of $3.24 million, which also represents the stake's quarter-end value [2]. - This new position accounts for 1.31% of Westfuller Advisors' 13F reportable AUM after the trade [5]. Fund Performance - As of January 21, 2026, VBIL shares were priced at $75.57, reflecting a 3.9% increase over the past year and being 0.1% below the 52-week high [5]. - The fund reported an annualized dividend yield of 3.11% as of the same date [5]. Fund Overview - VBIL provides access to the U.S. Treasury bill market, focusing on securities with very short maturities to minimize interest rate risk [8]. - The fund employs a disciplined, index-based approach aimed at delivering stability and liquidity, appealing to investors seeking capital preservation and predictable income [8]. Competitive Position - VBIL has a lower expense ratio of 0.07% compared to SGOV's 0.09%, which, while seemingly small, can compound over time [10]. - Both ETFs deliver nearly identical yields around 3.5% and track different but equivalent Treasury indexes [10]. Target Investor Profile - VBIL is suited for conservative investors needing a safe place for cash that will be accessed soon, such as for emergency funds or near-term expenses [11]. - The ultra-short duration of the fund means virtually no price volatility, although yields may drop if the Federal Reserve cuts rates [11].