Vanguard is the largest mutual fund issuer in the world and the second largest issuer of exchange-traded funds (ETFs). John Bogle, founder of Vanguard, created the first index fund, which reached the level of 26 pence in 1975. Index funds with low fees are appropriate investments for most investors. A mutual fund is a joint collection of assets that invests in stocks, bonds, and other securities. Vanguard mutual funds are investments that pool investors' cash to buy stocks, bonds and other assets, including Physical Gold backed IRAs. Vanguard mutual funds offer a cost-effective way to create a diversified portfolio in which your money is distributed among a variety of investments, rather than going to a single stock without having to choose and manage assets on your own.