The company that takes primary responsibility for managing a mutual fund. The adviser receives an annual fee for this service, usually ranging between 0.50% and 1% of a fund's total assets.
The firms' primary person, responsible for a fund's day-to-day operation.Aggressive Growth Funds Mutual funds that focus on small-company stocks that have the potential for accelerated earnings.
The investment company which offers a mutual fund. The fund's portfolio is usually run by an individual portfolio manager who is employed by the adviser. Vanguard contracts with a number of outside investment advisers to run many of its funds.