Home / Vanguard / VANGUARD WELLESLEY INCOME FUND
VANGUARD WELLESLEY INCOME FUND
fund voting report, part of Vanguard
- Vote records reported
- 3,181year to 30 June 2026
- Against management
- 1.7%20 of 1,190 marked votes
- Say-on-pay support
- 95.7%for, of for + against + abstain
- Shareholder-proposal support
- 9.1%for, of for + against + abstain
foragainstabstain, withhold or otheramber tick: the portion cast against management
In its Form N-PX for the year to 30 June 2026, VANGUARD WELLESLEY INCOME FUND listed 3,181 vote records. Votes against management made up 1.7% of those marked either way (20 of 1,190); the median fund registrant stood at 6.2%.
Weighted by the number of shares voted, the against-management share is 1.5%. 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 95.7% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 9.1% of the proposals put forward by security holders (the median fund registrant: 27.5%).
By category, votes against management were most frequent in SECTION 14A SAY-ON-PAY VOTES (4.2% of 144), CORPORATE GOVERNANCE (2.1% of 47) and DIRECTOR ELECTIONS (1.3% of 795).
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 | 1.7% | 6.2% | 10.6% |
| Say-on-pay support rate | 95.7% | 91.6% | 86.0% |
| Shareholder-proposal support rate | 9.1% | 27.5% | 33.9% |
| Shares on loan, share of shares held | 0.00% | 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% |
Of the 3,181 vote records in this filing, 1,991 carry something the form does not expect: a missing vote source or category, a record with no vote line, a meeting date that cannot be read, or a security identifier this site could not use. They are counted as filed. What is checked
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 | 795 | 785 | 9 | 1.3% | |
| SECTION 14A SAY-ON-PAY VOTES | 144 | 132 | 6 | 4.2% | |
| AUDIT-RELATED | 79 | 79 | 0 | 0.0% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 18 | 11 | 7 | 16.7% | |
| EXTRAORDINARY TRANSACTIONS | 3 | 3 | 0 | 0.0% | |
| CAPITAL STRUCTURE | 44 | 44 | 0 | 0.0% | |
| COMPENSATION | 39 | 37 | 2 | 0.0% | |
| CORPORATE GOVERNANCE | 47 | 34 | 13 | 2.1% | |
| ENVIRONMENT OR CLIMATE | 5 | 0 | 5 | 0.0% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 1 | 0 | 1 | 0.0% | |
| DIVERSITY, EQUITY, AND INCLUSION | 5 | 0 | 5 | 0.0% | |
| OTHER SOCIAL ISSUES | 10 | 3 | 7 | 0.0% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 1,213 | 4.4% | 94.8% | 16.1% | |
| year to 30 June 2025 | 1,176 | 3.5% | 96.8% | 12.7% | |
| year to 30 June 2026 | 3,181 | 1.7% | 95.7% | 9.1% |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, VANGUARD WELLESLEY INCOME FUND voted against management on 3 of the 69 it marked either way (4.3%) in the year to 30 June 2026.
A further 82 say-on-pay items were reported without a management mark and are left out of both sides of that fraction.
- ACCENTURE PLC 28 Jan 2026
- T-Mobile US, Inc. 16 Jun 2026
- American International Group, Inc. 13 May 2026
Shareholder proposals it supported
Of 44 proposals from security holders that could be told apart in the filings and on which it cast a vote, VANGUARD WELLESLEY INCOME FUND voted for 4 (9.1%). Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.
| Company | Meeting | Proposal |
|---|---|---|
| Pfizer Inc. | 23 Apr 2026 | Adopt an Independent Chair Policy |
| Zoetis Inc. | 20 May 2026 | Shareholder proposal to permit shareholder action by written consent. |
| L3Harris Technologies, Inc. | 11 May 2026 | Shareholder Proposal titled "Improve Shareholder Ability to Call for a Special Shareholder Meeting". |
| Regions Financial Corporation | 6 May 2026 | Shareholder Proposal Relating to Special Shareholder Meeting. |
Shares on loan
VANGUARD WELLESLEY INCOME FUND reported no shares on loan for the year to 30 June 2026. 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
4 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 WELLESLEY INCOME FUND | 1,190 | 1.7% | 95.7% | 9.1% |
| VANGUARD WELLINGTON U.S. VALUE ACTIVE ETF | 1,131 | not reported | not reported | not reported |
| VANGUARD WELLINGTON DIVIDEND GROWTH ACTIVE ETF | 519 | not reported | not reported | not reported |
| VANGUARD WELLINGTON U.S. GROWTH ACTIVE ETF | 341 | not reported | not reported | not reported |
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 0001104659-26-102111
- N-PX filed 27 Aug 2026 accession 0001104659-26-102112
- N-PX filed 27 Aug 2026 accession 0001104659-26-102114
- N-PX filed 27 Aug 2026 accession 0001104659-26-102116
- Every N-PX filing by this filer on EDGAR
Questions
How did VANGUARD WELLESLEY INCOME FUND vote on executive pay?
In the year to 30 June 2026 VANGUARD WELLESLEY INCOME FUND reported 138 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 132 were for (95.7%), 6 against and 0 abstentions. Counting one item per company meeting, it voted against management on 3 of the 69 say-on-pay items it marked either way. A further 82 say-on-pay items were reported without a management mark and are not counted in that figure.
How often does VANGUARD WELLESLEY INCOME FUND vote against management?
1.7% of the time in the year to 30 June 2026: 20 of the 1,190 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 WELLESLEY INCOME FUND support shareholder proposals on climate?
In the category ENVIRONMENT OR CLIMATE it reported 5 votes on proposals from security holders in the year to 30 June 2026 and voted for 0 of them (0.0%). Across every category it voted for 9.1% 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 WELLESLEY INCOME FUND (filer no. 105544), 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.