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VANGUARD WHITEHALL FUNDS
fund voting report, part of Vanguard
- Vote records reported
- 79,973year to 30 June 2026
- Against management
- 21.2%19,647 of 92,557 marked votes
- Say-on-pay support
- 93.2%for, of for + against + abstain
- Shareholder-proposal support
- 37.6%for, of for + against + abstain
foragainstabstain, withhold or otheramber tick: the portion cast against management
For the year to 30 June 2026, VANGUARD WHITEHALL FUNDS reported 79,973 vote records on Form N-PX. 19,647 of the 92,557 votes that were marked for or against management went against management: 21.2%, 15.0 percentage points above the median fund registrant (6.2%).
Weighted by the number of shares voted, the against-management share is 4.3%. The two figures differ when the votes against management fall on larger or smaller holdings than the rest.
On pay and on shareholder proposals: it voted for 93.2% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 37.6% of the proposals put forward by security holders (the median fund registrant: 27.5%).
By category, votes against management were most frequent in ENVIRONMENT OR CLIMATE (25.5% of 525), COMPENSATION (25.4% of 8,380) and AUDIT-RELATED (25.3% of 6,398).
It reported 479.2 million shares out on loan at record dates, 0.63% of the shares it held or had lent across the meetings it reported. Shares on loan are not voted.
Compared with other filers
Each rate is defined once, in the methodology. The median is taken over 1,241 fund registrants with at least 25 vote records in the season.
| year to 30 June 2026 | This filer | Median fund registrant | All filers pooled |
|---|---|---|---|
| Against-management share | 21.2% | 6.2% | 10.6% |
| Say-on-pay support rate | 93.2% | 91.6% | 86.0% |
| Shareholder-proposal support rate | 37.6% | 27.5% | 33.9% |
| Shares on loan, share of shares held | 0.63% | 0.00% | 3.12% |
| Largest families, year to 30 June 2026 | Against management | Say-on-pay support | Shareholder-proposal support |
|---|---|---|---|
| Vanguard | 20.1% | 94.1% | 42.0% |
| BlackRock and iShares | 7.5% | 88.3% | 11.9% |
| Fidelity | 6.0% | 94.7% | 27.6% |
| Dimensional | 16.4% | 78.9% | 57.4% |
| State Street and SPDR | 16.9% | 77.1% | 50.4% |
Votes by category
Filers choose one or more categories for each vote, so a vote can appear in more than one row. Category names are printed as Form N-PX defines them.
| Category (as the form names it) | Votes | For | Against | Against management | Split |
|---|---|---|---|---|---|
| DIRECTOR ELECTIONS | 54,439 | 41,263 | 7,101 | 23.6% | |
| SECTION 14A SAY-ON-PAY VOTES | 3,326 | 2,895 | 189 | 8.1% | |
| AUDIT-RELATED | 6,478 | 4,817 | 1,061 | 25.3% | |
| INVESTMENT COMPANY MATTERS | 4 | 2 | 2 | 25.0% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 354 | 242 | 90 | 24.5% | |
| EXTRAORDINARY TRANSACTIONS | 1,055 | 939 | 65 | 10.5% | |
| CAPITAL STRUCTURE | 7,077 | 6,655 | 330 | 5.6% | |
| COMPENSATION | 8,484 | 6,216 | 1,444 | 25.4% | |
| CORPORATE GOVERNANCE | 12,987 | 10,164 | 2,329 | 17.3% | |
| ENVIRONMENT OR CLIMATE | 527 | 163 | 302 | 25.5% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 168 | 94 | 74 | 4.2% | |
| DIVERSITY, EQUITY, AND INCLUSION | 159 | 90 | 68 | 1.3% | |
| OTHER SOCIAL ISSUES | 652 | 300 | 309 | 20.2% | |
| OTHER | 802 | 628 | 173 | 4.0% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 51,246 | 5.4% | 94.7% | 47.0% | |
| year to 30 June 2025 | 68,985 | 15.9% | 71.6% | 38.5% | |
| year to 30 June 2026 | 79,973 | 21.2% | 93.2% | 37.6% |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, VANGUARD WHITEHALL FUNDS voted against management on 24 of the 772 it marked either way (3.1%) in the year to 30 June 2026.
- Alphabet Inc. 5 Jun 2026
- American Express Company 5 May 2026
- Starbucks Corporation 24 Mar 2026
- T-Mobile US, Inc. 16 Jun 2026
- Dell Technologies Inc. 25 Jun 2026
- Snowflake Inc. 2 Jul 2025
- Snowflake Inc. 29 Jun 2026
- Fiserv, Inc. 21 May 2026
- Crown Castle Inc. 20 May 2026
- Omnicom Group Inc. 5 May 2026
- The Estee Lauder Companies Inc. 13 Nov 2025
- Las Vegas Sands Corp. 14 May 2026
- The Timken Company 8 May 2026
- Wingstop Inc. 21 May 2026
- RBC Bearings Incorporated 4 Sep 2025
- TEGNA Inc. 18 Nov 2025
- TPG Inc. 3 Jun 2026
- Cogent Communications Holdings, Inc. 1 May 2026
- CNA Financial Corporation 29 Apr 2026
- Verona Pharma Plc 24 Sep 2025
- Cannae Holdings, Inc. 12 Dec 2025
- Merus N.V. 9 Dec 2025
- TFS Financial Corporation 26 Feb 2026
- Ocado Group Plc 28 Apr 2026
Shareholder proposals it supported
Of 890 proposals from security holders that could be told apart in the filings and on which it cast a vote, VANGUARD WHITEHALL FUNDS voted for 220 (24.7%). The 40 at the companies with the most reporting filers are listed. Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.
| Company | Meeting | Proposal |
|---|---|---|
| NVIDIA Corporation | 24 Jun 2026 | Approval of a non-binding stockholder proposal requesting the replacement of supermajority voting... |
| Alphabet Inc. | 5 Jun 2026 | Shareholder proposal regarding equal shareholder voting |
| Visa Inc. | 27 Jan 2026 | Require Independent Board Chair |
| Eli Lilly and Company | 4 May 2026 | Shareholder proposal to adopt a policy and amend the bylaws to require an independent board chair. |
| Advanced Micro Devices, Inc. | 13 May 2026 | Stockholder proposal requesting changes to the stockholder right to call a special meeting. |
| S&P Global Inc. | 20 May 2026 | Vote on a shareholder proposal to reduce the stock ownership threshold for calling a special shareholder... |
| Starbucks Corporation | 25 Mar 2026 | Shareholder proposal requesting supermajority shareholder voting requirements be replaced with majority... |
| Meta Platforms, Inc. | 27 May 2026 | A shareholder proposal regarding annual vote regarding executive pay. |
| Meta Platforms, Inc. | 27 May 2026 | A shareholder proposal regarding dual class capital structure. |
| United Parcel Service, Inc. | 7 May 2026 | To take steps to reduce the voting power of UPS class A stock from 10 votes per share to one vote per share. |
| FORD MOTOR COMPANY | 14 May 2026 | A shareholder proposal relating to a request that the Board take steps to implement one vote per share for... |
| Synopsys, Inc. | 16 Apr 2026 | To vote on a stockholder proposal regarding 'stockholders' right to act by written consent |
| Snowflake Inc. | 29 Jun 2026 | To consider and vote on, if properly presented at the meeting, a non-binding stockholder proposal... |
| IDEXX Laboratories, Inc. | 12 May 2026 | Shareholder Proposal to Give Shareholders the Ability to Call for a Special Shareholder Meeting (Proposal... |
| Cintas Corporation | 28 Oct 2025 | A shareholder proposal regarding support for shareholder ability to call for a special shareholder meeting. |
| Dover Corporation | 8 May 2026 | To consider a shareholder proposal requesting an independent board chair. |
| NRG Energy, Inc. | 30 Apr 2026 | To vote on a stockholder proposal to give shareholders the ability to call for a special shareholder meeting |
| Lennar Corporation | 8 Apr 2026 | Shareholder proposal: SHAREHOLDER RIGHTS AND DEFENSES |
| Carvana Co. | 5 May 2026 | To vote upon one stockholder proposal, as described in the Proxy Statement. |
| Markel Group Inc. | 20 May 2026 | Shareholder proposal for a report on the Company's strategies and action plans to mitigate material... |
| Markel Group Inc. | 20 May 2026 | Shareholder proposal to give shareholders an ability to call for a special shareholder meeting. |
| Campbell Soup Company | 18 Nov 2025 | To vote on a shareholder proposal regarding simple majority voting. |
| TransUnion | 12 May 2026 | Advisory vote on a stockholder proposal requesting a stockholder right to call a special meeting. |
| Henry Schein, Inc. | 21 May 2026 | Proposal to approve, by non-binding vote, a shareholder proposal to Govern by Majority Vote. |
| Ally Financial Inc. | 6 May 2026 | Shareholder Proposal to Reduce Threshold for Shareholders to Call Special Meetings. |
| OGE Energy Corp. | 14 May 2026 | Shareholder Proposal Regarding Simple Majority Vote. |
| The Timken Company | 8 May 2026 | Corporate governance |
| Eagle Materials Inc. | 4 Aug 2025 | Non-binding advisory stockholder proposal requesting the declassification of our Board of Directors. |
| Mohawk Industries, Inc. | 21 May 2026 | Stockholder proposal regarding a majority vote standard. |
| The Wendy's Company | 20 May 2026 | S/h proposal - corporate governance |
| Columbia Sportswear Company | 10 Jun 2026 | Shareholder proposal regarding proxy access. |
| Eni SpA | 6 May 2026 | Shareholder proposal: AUDIT-RELATED |
| Eni SpA | 6 May 2026 | Shareholder proposal: AUDIT-RELATED |
| Eni SpA | 6 May 2026 | Shareholder proposal: CORPORATE GOVERNANCE |
| Eni SpA | 6 May 2026 | Shareholder proposal: CORPORATE GOVERNANCE |
| FinecoBank SpA | 29 Apr 2026 | Shareholder proposal: AUDIT-RELATED |
| FinecoBank SpA | 29 Apr 2026 | Shareholder proposal: CORPORATE GOVERNANCE |
| Galp Energia SGPS SA | 8 May 2026 | Appraise Management and Supervision of Company and Approve Vote of Confidence to Corporate Bodies |
| Assicurazioni Generali SpA | 23 Apr 2026 | Shareholder proposal: AUDIT-RELATED |
| EDP SA | 16 Apr 2026 | Appraise Management of Company and Approve Vote of Confidence to Executive Board |
Shares on loan
VANGUARD WHITEHALL FUNDS reported 479.2 million shares on loan at record dates against 75.69 billion shares voted: 0.63% of the two together. Median fund registrant: 0.00%. Shares lent out at the record date cannot be voted by the lender, which is why Form N-PX asks for the figure. More on lending and votes.
Fund series in this filing
11 series reported votes. A vote record can list several series. Series with 500 or more vote records have their own page.
| Series | Vote records | Against management | Say-on-pay support | Shareholder-proposal support |
|---|---|---|---|---|
| VANGUARD HIGH DIVIDEND YIELD INDEX FUND | 36,490 | 33.2% | 93.9% | 30.0% |
| VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD INDEX FUND | 25,399 | 8.0% | not reported | 38.5% |
| VANGUARD INTERNATIONAL EXPLORER FUND | 4,977 | 6.8% | 77.8% | 7.8% |
| VANGUARD INTERNATIONAL DIVIDEND APPRECIATION INDEX FUND | 4,525 | 6.0% | 100.0% | 16.8% |
| VANGUARD GLOBAL MINIMUM VOLATILITY FUND | 2,926 | 2.4% | 98.9% | 6.7% |
| VANGUARD SELECTED VALUE FUND | 1,690 | 2.6% | 95.7% | 20.6% |
| VANGUARD ADVICE SELECT GLOBAL VALUE FUND | 1,544 | 4.0% | 92.2% | 19.4% |
| VANGUARD INTERNATIONAL DIVIDEND GROWTH FUND | 778 | 2.7% | 100.0% | not reported |
| VANGUARD MID-CAP GROWTH FUND | 589 | 3.8% | 92.2% | 28.6% |
| VANGUARD ADVICE SELECT DIVIDEND GROWTH FUND | 578 | 6.1% | 87.9% | 22.5% |
| VANGUARD ADVICE SELECT INTERNATIONAL GROWTH FUND | 477 | 1.9% | 95.8% | 20.0% |
The filings
These figures are read from the filer's own Form N-PX. If a vote on this page looks wrong, the filing is the record: a dispute about a filed vote is a matter for the filer, and an error in how this site read the filing is a matter for corrections.
- N-PX filed 27 Aug 2026 accession 0001104659-26-102157
- N-PX filed 27 Aug 2026 accession 0001104659-26-102158
- N-PX filed 27 Aug 2026 accession 0001104659-26-102162
- N-PX filed 27 Aug 2026 accession 0001104659-26-102163
- N-PX filed 27 Aug 2026 accession 0001104659-26-102164
- N-PX filed 27 Aug 2026 accession 0001104659-26-102165
- N-PX filed 27 Aug 2026 accession 0001104659-26-102166
- N-PX filed 27 Aug 2026 accession 0001104659-26-102167
- Every N-PX filing by this filer on EDGAR
Questions
How did VANGUARD WHITEHALL FUNDS vote on executive pay?
In the year to 30 June 2026 VANGUARD WHITEHALL FUNDS reported 3,106 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 2,895 were for (93.2%), 189 against and 22 abstentions. Counting one item per company meeting, it voted against management on 24 of the 772 say-on-pay items it marked either way.
How often does VANGUARD WHITEHALL FUNDS vote against management?
21.2% of the time in the year to 30 June 2026: 19,647 of the 92,557 votes it marked as for or against management. Form N-PX asks each filer to state, vote by vote, whether the vote was for or against management's recommendation; this figure counts those marks.
Did VANGUARD WHITEHALL FUNDS support shareholder proposals on climate?
In the category ENVIRONMENT OR CLIMATE it reported 418 votes on proposals from security holders in the year to 30 June 2026 and voted for 72 of them (17.2%). Across every category it voted for 37.6% of security-holder proposals. Filers choose the category for each vote, so the same proposal can sit in different categories in different filings.
Is this the result of the meetings?
No. Form N-PX shows how this filer voted the shares it held. It does not show how other shareholders voted or whether a proposal was approved. Companies report certified results separately, on Form 8-K.
Where does the data come from?
From the Form N-PX filings of this filer on the SEC's EDGAR system, read as filed. The SEC does not verify the contents. Amended filings (N-PX/A) replace the filings they amend. Data on this page runs through 23 Sep 2026.
Provenance: SEC EDGAR, Form N-PX and N-PX/A filings by VANGUARD WHITEHALL FUNDS (filer no. 1004655), read as filed and not verified by the SEC. Amended filings replace the filings they amend. Filings read through 23 Sep 2026; page built 26 Sep 2026.