Investment A1)visory Agreement Sample Contracts

INVESTMENT A1)VISORY AGREEMENT

Investment A1)visory Agreement • January 25th, 2011 • Vanguard Horizon Funds • Delaware

• Contract Type
  Investment A1)visory Agreement
• Filed
  January 25th, 2011
• Company
  Vanguard Horizon Funds
• Jurisdiction
  Delaware

THIS AGREEMENT is made as of this April 1,2010, between Vanguard Horizon Funds, a,Delawarestatutory trust (the "Trust"), and Acadian Asset Management LLC (the "Advisor").