All Brands Owned by Vanguard Group

Who owns Vanguard Group?
Vanguard Group is owned by the Vanguard funds, which are in turn owned by the investors in those funds. This unique client-owned structure means Vanguard's clients are effectively the owners of the management company. Vanguard has no external shareholders, no parent company, and is not publicly traded. Any revenue generated above operating costs is returned to fund shareholders through lower expense ratios.

Is Vanguard publicly traded?
No. Vanguard Group is not publicly traded and has no stock listing. The company's unique structure means it is owned by its funds' investors rather than public shareholders. This allows Vanguard to operate at cost rather than maximizing profits for external shareholders. The company has never filed for an IPO and has stated no intention to do so.

How much does Vanguard manage?
Vanguard manages more than $10 trillion in global assets and serves over 50 million investors as of December 31, 2025. In June 2026, Vanguard became the largest ETF issuer in the United States, managing approximately $4.39 trillion across 116 US-listed ETFs. The Vanguard S&P 500 ETF (VOO) surpassed $1 trillion in net asset value the same month.

Who founded Vanguard Group?
Vanguard was founded by John C. Bogle in 1975. Bogle is considered the father of index fund investing, having launched the First Index Investment Trust in 1976, the first index fund available to individual investors. He led Vanguard until 1996 and remained a vocal advocate for investors until his death in January 2019.

What is Vanguard's largest fund?
The Vanguard S&P 500 ETF (VOO) is Vanguard's largest ETF and became the first ETF to surpass $1 trillion in assets in June 2026. The Vanguard 500 Index Fund (VFIAX), the mutual fund share class of the same fund, is one of the largest mutual funds in the world. The Vanguard Total Stock Market ETF (VTI) is also among the largest ETFs globally.

Why are Vanguard's fees so low?
Vanguard's fees are low because of its client-owned structure. Since Vanguard is owned by its funds' investors rather than external shareholders, the company has no profit motive. Any revenue generated above operating costs is returned to investors through lower expense ratios. In 2025, Vanguard's asset-weighted average U.S. fund expense ratio was 0.07 percent. The company cut fees for two consecutive years, foregoing an estimated $600 million in revenue.

Who is Vanguard's CEO?
Salim Ramji became CEO in July 2024, succeeding Tim Buckley. Ramji previously served as a senior executive at BlackRock, Vanguard's primary competitor. His appointment marked the first time Vanguard hired a CEO from outside the company. Under Ramji, Vanguard has expanded into active fixed income ETFs and target-date retirement trusts.

How many funds does Vanguard offer?
Vanguard offers 228 funds in the United States (including variable annuity portfolios) and 237 in markets outside the U.S., as of February 2026. The company offers 116 US-listed ETFs. Vanguard's fund lineup includes index funds, actively managed funds, bond funds, target-date funds, and ESG-focused funds.