0000932471-12-003554 Sample Contracts

INVESTMENT ADVISORY AGREEMENT

Investment Advisory Agreement • February 17th, 2012 • Vanguard Explorer Fund • Delaware

• Contract Type
  Investment Advisory Agreement
• Filed
  February 17th, 2012
• Company
  Vanguard Explorer Fund
• Jurisdiction
  Delaware

THIS AGREEMENT is made as of this 1st day of February, 2012, between Vanguard Explorer Fund, a Delaware statutory trust (the “Trust”), and Chartwell Investment Partners, a Pennsylvania partnership (the “Advisor”).