The Vanguard Group, Inc. is an investment management company that offers mutual funds and other financial products and services to individual investors and institutional investors in the United States and abroad. The Company offers an extensive roster of more than 100 mutual funds, including money market and bond funds, balanced funds and stock funds. It offers both actively managed funds and index funds, ranging from broadly diversified funds that target an entire market to narrowly focused sector funds that invest in a narrow market segment. In addition to mutual funds, the Company offers brokerage services, variable and fixed annuities and life insurance, as well as financial planning, asset management and trust services.