0000932471-12-004895 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • August 2nd, 2012 • Vanguard Windsor Funds • Delaware

THIS AGREEMENT is made as of this 2nd the day of August, 2012, between Vanguard Windsor Funds, a Delaware statutory trust (the “Trust”), and Pzena Investment Management, LLC (the “Advisor”), a Delaware limited liability company.

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