INVESTMENT ADVISORY AGREEMENTInvestment Advisory Agreement • February 24th, 2014 • Vanguard Explorer Fund • Delaware
THIS AGREEMENT is made as of this 12st day of August, 2013, between Vanguard Explorer Fund, a Delaware statutory trust (the “Trust”), and Stephens Investment Management Group, LLC
INVESTMENT ADVISORY AGREEMENTInvestment Advisory Agreement • February 24th, 2014 • Vanguard Explorer Fund • Delaware
THIS AGREEMENT is made as of this 1st day of November, 2013, between Vanguard Explorer Fund, a Delaware statutory trust (the “Trust”), and Granahan Investment Management, Inc., a Massachusetts corporation (the “Advisor”).
