Our company is owned by its member funds, which in turn are owned by fund shareholders. Because the investors in our funds are our owners, we can act independently and focus squarely on meeting their long-term investment needs without outside influence.
We are an asset manager, not an asset owner. The assets we manage belong to the tens of millions of individual investors who have entrusted us to grow their savings over time. Because of our ownership structure, our interests are directly aligned with helping everyday investors generate long-term returns and achieve their financial goals — whether that’s buying a house, saving for retirement, or paying for college.
Read more about the value of ownership as a Vanguard investor.