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Photo:Mark Makela—The New York Times/Redux

26

Vanguard

Slashing the cost of investing for retirement savers.

Index funds, which mirror the stock market’s performance at low cost, outperform the vast majority of funds run by high-priced stock pickers. Vanguard introduced the first such fund in 1976: Growth exploded four years ago as investors traumatized by the financial crisis began stampeding to index funds, overwhelmingly Vanguard’s, into which they now deposit over $100 million an hour. The “Vanguard effect” has forced competitors to cut their costs. The result: more comfortable retirements for millions of people.

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Impact Segment

Economic Opportunity/Financial Inclusion

Sector

Financials

Industry

Diversified Financials

CEO

Bill McNabb

Employees

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Company Type

Private

Revenues ($M) (Last Fiscal Year)

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Profits ($M) (Last Fiscal Year)

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Market Value ($M)

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