The Vanguard Group
Vanguard is one of the world’s largest investment management companies. It offers mutual funds and other financial products and services to individual and institutional investors in the United States and abroad. Vanguard is unusual among mutual-fund companies since it is owned by the funds themselves. In this structure, each fund contributes a set amount of capital towards shared management, marketing, and distribution services. The company is based in Valley Forge, Pennsylvania. Vanguard is famous for its philosophy of charging low fees, so as to improve returns for shareholders.