The Vanguard Group

The Vanguard Group

The Vanguard Group, Inc. is a client-owned U.S. registered investment adviser and investment management company that offers mutual funds, exchange-traded funds (ETFs), investment advice, brokerage, and retirement plan services to individual and institutional investors. It operates under a unique mutual ownership structure in which The Vanguard Group, Inc. is owned by Vanguard's U.S.-domiciled funds and ETFs, which are in turn owned by their investors (per Vanguard Netherlands professional about page and multiple corporate press releases). The firm commenced operations on May 1, 1975 (per corporate.vanguard.com facts and figures and history pages). Headquartered in Valley Forge, Pennsylvania, USA (per Vanguard Netherlands about page and corporate terms of use), it manages approximately USD 12.5 trillion in global assets under management as of February 28, 2026 (per Vanguard Switzerland professional site) and serves more than 50 million investors as of December 31, 2025 (per corporate.vanguard.com facts and figures). As of February 28, 2026, it offers 465 funds worldwide (228 in the U.S. including variable annuity portfolios and 237 outside the U.S.) (per corporate.vanguard.com facts and figures). It employs approximately 20,000 crew worldwide as of December 31, 2025 (per corporate.vanguard.com facts and figures). The firm pioneered low-cost index investing for individual investors and maintains an asset-weighted average U.S. mutual fund and ETF expense ratio of 0.07% of 2025 average net U.S. assets (per corporate.vanguard.com facts and figures).