Overview: An Industry Leader Committed to Unmatchable Value Since its beginning in 1975, Vanguard has become one of the world`s largest investment management companies. Headquartered in Valley Forge, Pennsylvania, just outside Philadelphia, Vanguard provides an extensive array of investment products and services to individual investors, institutions, employer-sponsored retirement plans, and financial professionals. Today, Vanguard manages approximately $800 billion in U.S. assets in more than 125 U.S.-based mutual funds and offers more than 40 additional funds in foreign markets. In addition to our campus in Pennsylvania, we have substantial U.S. operations in Arizona and North Carolina and international operations in Europe, Japan, and Australia. Our 10,000 talented employees thrive in a team-oriented environment that also rewards individual achievement. A Unique Structure and Client Focus Set Vanguard Apart Most investment firms are either publicly traded or privately owned. Vanguard is different: we`re client-owned. With no other parties to answer to and, therefore, no conflicting loyalties, we make every decision - like keeping investor costs as low as possible - with only our clients` needs in mind. Helping our investors achieve their financial goals is literally our sole reason for existence. In addition to investor advocacy and low costs, Vanguard strives to deliver outstanding performance, superior service, and clear, candid communications and advice intended to help clients become better-informed, more successful investors. These exceptional features are what distinguish Vanguard from other investment management firms. A Commitment to Diversity We respect and value the varied talents, backgrounds, and perspectives of our employees. Because our entire team reflects the cultural and ethnic diversity of the shareholders we serve, we believe that a diverse workforce helps us to meet our clients` needs more effectively. We also believe that every employee contributes to our goal of being the world`s highest-value provider of investment services. We foster a collaborative, team-oriented approach to our work, with the understanding that different viewpoints and experiences enrich us all. Diversity has always been a core value at Vanguard. We have company-wide diversity programs backed by the full commitment of our entire senior management team. Our programs thrive and continue to expand with the full participation of employees at every level of the company. Competitive Advantages We reward employees with a comprehensive and generous benefits package, including: