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 The LPM Endowment Foundation holds its invested assets with Vanguard. The Vanguard Group is an American registered investment advisor based in Malvern, Pennsylvania with over $5.1 trillion in assets under management. It is the largest provider of mutual funds and the second-largest provider of exchange-traded funds (ETFs) in the world after BlackRock's iShares. Vanguard is structured as a mutual company; it is owned by funds managed by the company, and is therefore owned by its customers. Vanguard offers two classes of most of its funds: investor shares and admiral shares. Admiral shares have slightly lower expense ratios but require a higher minimum investment.
The Vanguard funds comprising the LPM Endowment Foundation Portfolio are shown in the table below.
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