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VANGUARD FIXED INCOME SECURITIES FUNDS
fund voting report, part of Vanguard
- Vote records reported
- 1,596year to 30 June 2026
- Against management
- 1.8%29 of 1,596 marked votes
- Say-on-pay support
- 95.8%for, of for + against + abstain
- Shareholder-proposal support
- not reportedtoo few votes to show
foragainstabstain, withhold or otheramber tick: the portion cast against management
VANGUARD FIXED INCOME SECURITIES FUNDS reported 1,596 vote records for the year to 30 June 2026. It marked 1.8% of its votes as cast against management (29 of 1,596), 4.4 percentage points below the median fund registrant, which was 6.2%.
Weighted by the number of shares voted, the against-management share is 1.4%. 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 95.8% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%).
By category, votes against management were most frequent in SECTION 14A SAY-ON-PAY VOTES (3.8% of 312), CORPORATE GOVERNANCE (3.4% of 29) and DIRECTOR ELECTIONS (1.5% of 1,063).
It reported 25.5 million shares out on loan at record dates, 1.20% 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 | 1.8% | 6.2% | 10.6% |
| Say-on-pay support rate | 95.8% | 91.6% | 86.0% |
| Shareholder-proposal support rate | not reported | 27.5% | 33.9% |
| Shares on loan, share of shares held | 1.20% | 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 | 1,063 | 1,047 | 4 | 1.5% | |
| SECTION 14A SAY-ON-PAY VOTES | 312 | 276 | 12 | 3.8% | |
| AUDIT-RELATED | 138 | 138 | 0 | 0.0% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 3 | 2 | 1 | 0.0% | |
| EXTRAORDINARY TRANSACTIONS | 18 | 17 | 1 | 5.6% | |
| CAPITAL STRUCTURE | 4 | 4 | 0 | 0.0% | |
| COMPENSATION | 30 | 30 | 0 | 0.0% | |
| CORPORATE GOVERNANCE | 29 | 25 | 4 | 3.4% | |
| ENVIRONMENT OR CLIMATE | 1 | 0 | 1 | 0.0% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 1,649 | 0.9% | 96.2% | 0.0% | |
| year to 30 June 2025 | 1,575 | 1.5% | 98.6% | 33.3% | |
| year to 30 June 2026 | 1,596 | 1.8% | 95.8% | not reported |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, VANGUARD FIXED INCOME SECURITIES FUNDS voted against management on 3 of the 140 it marked either way (2.1%) in the year to 30 June 2026.
- Welltower Inc. 21 May 2026
- Opendoor Technologies Inc. 11 Jun 2026
- LandBridge Company LLC 18 Jun 2026
Shareholder proposals it supported
Of 4 proposals from security holders that could be told apart in the filings and on which it cast a vote, VANGUARD FIXED INCOME SECURITIES FUNDS voted for 0 (0.0%). Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.
Shares on loan
VANGUARD FIXED INCOME SECURITIES FUNDS reported 25.5 million shares on loan at record dates against 2.09 billion shares voted: 1.20% 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
2 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 REAL ESTATE II INDEX FUND | 1,584 | 1.8% | 97.9% | not reported |
| VANGUARD HIGH-YIELD CORPORATE FUND | 12 | 0.0% | 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 0001104659-26-101936
- N-PX filed 27 Aug 2026 accession 0001104659-26-101945
- Every N-PX filing by this filer on EDGAR
Questions
How did VANGUARD FIXED INCOME SECURITIES FUNDS vote on executive pay?
In the year to 30 June 2026 VANGUARD FIXED INCOME SECURITIES FUNDS reported 288 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 276 were for (95.8%), 12 against and 0 abstentions. Counting one item per company meeting, it voted against management on 3 of the 140 say-on-pay items it marked either way.
How often does VANGUARD FIXED INCOME SECURITIES FUNDS vote against management?
1.8% of the time in the year to 30 June 2026: 29 of the 1,596 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 FIXED INCOME SECURITIES FUNDS support shareholder proposals on climate?
In the category ENVIRONMENT OR CLIMATE it reported 1 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 not reported 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 FIXED INCOME SECURITIES FUNDS (filer no. 106444), 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.