0000932471-11-001981 Sample Contracts

INVESTMENT ADVISORY AGREEMENT

Investment Advisory Agreement • March 23rd, 2011 • Vanguard Explorer Fund • Delaware

• Contract Type
  Investment Advisory Agreement
• Filed
  March 23rd, 2011
• Company
  Vanguard Explorer Fund
• Jurisdiction
  Delaware

THIS AGREEMENT is made as of this 1st day of February, 2011, between Vanguard Explorer Fund, a Delaware statutory trust (the “Trust”), and Wellington Management Company, LLP, a Massachusetts limited liability partnership (the “Advisor”).