Vanguard Group, Inc. Company Research Report

Company Overview

• Name: The Vanguard Group, Inc.

• Mission: To set out to think beyond profits and take a stand for everyday investors by offering high-quality investments, personalized financial advice, retirement tools, and relevant market insights to help build a future for loved ones.

• Founded: 1975

• Founder: [No specific founder mentioned]

• Key People:

• Tonya T. Robinson - General Counsel and Managing Director

• Jean Hynes - CEO and Managing Partner at Wellington Management

• Rebecca Sykes, CFA - Portfolio Manager

• Headquarters: [No specific headquarters location mentioned]

• Number of Employees: [No information is available]

• Revenue: [No information is available]

• Known For: Vanguard is known for its commitment to keeping investor costs low, focusing on a long-term perspective for investment success, and acting with greater conviction on key investment themes.

Products

• Investment Funds: Vanguard offers 426 funds globally as of October 31, 2024, with 210 in the U.S. and 216 outside the U.S. These include mutual funds and exchange-traded funds (ETFs), providing diversified exposure across different asset classes.

• Key Features:

• Competitive expense ratios, with an asset-weighted average U.S. fund expense of 0.08%.

• Focus on providing a mix of active and passive investment strategies.

• Introduction of dynamic asset allocation models and comprehensive research-based insights.

Recent Developments

• Recent Product Launches:

• Vanguard has launched two active municipal ETFs: Vanguard Core Tax-Exempt Bond ETF (VCRM) and Vanguard Short Duration Tax-Exempt Bond ETF (VSDM).

• New Features and Changes:

• Expansion of the Investor Choice program with three new funds and two new voting policy options.

• Changes to advisory arrangements for the Vanguard Emerging Markets Select Stock Fund, with Oaktree Fund Advisors being replaced by Baillie Gifford Overseas Ltd. and Pzena Investment Management, LLC.

• Partnerships & Appointments:

• Appointment of Tonya T. Robinson as General Counsel and Managing Director of the firm's legal division.

• Portfolio management change in the Vanguard Health Care Fund with Rebecca Sykes becoming the sole portfolio manager in January 2025.

This report encapsulates the available information on Vanguard Group, Inc., providing a comprehensive snapshot of the company's current standing, product offerings, and recent developments. Key data points, such as specific revenue figures, number of employees, and precise location details, were not available in the provided information.