Vanguard traces its roots to its first mutual fund, Wellington Fund, introduced in 1929. The fledging fund🌈 invested in stocks and high-quality bonds, emphasizing conservatism in an era of rampant market speculation.

The vanguard (sometimes abbreviated to van🌈 and also called the advance guard) is the leading part of an advancing military formation. It has a number of🌈 functions, including seeking out the enemy and securing ground in advance of the main force.