On October 20, 2025, My Personal CFO, LLC executed a capital reallocation ritual, acquiring $20.94 million in Vanguard Intermediate-Term Corporate Bond ETF (VCIT 0.48%) shares. The transaction, documented in SEC Form 13F, represents 8.11% of the firm’s reportable assets-a numerical confession to the precarious dance between risk mitigation and yield starvation.
Chronicle of a Disclosure
The filing reveals 248,946 shares entered the firm’s custody on the appointed date, their valuation oscillating at $20.94 million-a sum sufficient to construct 13.7 median-priced American dwellings, though insufficient to alter the cosmic indifference of bond markets. This position now anchors the firm’s portfolio, second only to the omnipresent Vanguard Total Stock Market ETF (VTI).
The Arithmetic of Exposure
VCIT’s dividend yield, 4.50% as of October 21, 2025, offers the illusion of stability in an era where fixed income resembles a Sisyphean task. The ETF’s price-$84.60 on October 20-hovered 0.17% below its 52-week zenith, a statistical reminder that even in corporate bonds, triumph is ephemeral.
- VTI: $25.55 million (9.9% of AUM)
- VCIT: $20.94 million (8.1% of AUM)
- IVV: $13.63 million (5.3% of AUM)
- VCSH: $13.26 million (5.1% of AUM)
Indexing as Theology
The fund’s strategy-tracking the Bloomberg U.S. 5-10 Year Corporate Bond Index-is presented as scientific inevitability. Its holdings, industrial and financial bonds denominated in the hegemonic greenback, form a mosaic of perceived creditworthiness. Yet this passive indexing, while marketed as democratization, remains a mechanistic worship of benchmarks-a surrender to the algorithmic priesthood.
Systemic Reflections
My Personal CFO’s maneuver, though mundane in disclosure, illuminates the asymmetry of financial warfare. Institutional actors recalibrate portfolios with surgical opacity, while retail investors navigate a labyrinth of half-truths. The firm’s Vancouver headquarters-a fortress of numbered accounts-now holds VCIT as its second-largest position, a testament to the modern imperative: to balance duration risk against the specter of stagflation.
Retail participants might note VCIT’s accessibility-a democratized tool, yet one whose risks remain obfuscated by the very system that markets it. Products like Vanguard Total Bond Market ETF (BND) and iShares 20+ Year Treasury ETF (TLT) offer similar illusions of control, their expense ratios and index dependencies forming invisible chains.
In this theater of capital allocation, the individual’s struggle for dignity persists. ETFs, while democratizing access, cannot democratize understanding. The machinery grinds forward, indifferent to the mortal souls seeking shelter in its gears.
Glossary of Necessary Evils
13F reportable AUM: The sanctioned fiction of institutional transparency, where asset disclosures arrive six weeks post-mortem.
ETF: A financial instrument traded like equity, yet burdened by the paradox of collective ownership.
Intermediate-term corporate bond: A debt obligation whose maturity aligns with the human attention span-neither fleeting nor eternal.
Passive indexing: The abdication of judgment to mechanical replication of indices, eschewing discretion for algorithmic fidelity.
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2025-10-30 15:12