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VANGUARD WORLD FUND
fund voting report, part of Vanguard
- Vote records reported
- 313,175year to 30 June 2026
- Against management
- 25.2%94,821 of 375,679 marked votes
- Say-on-pay support
- 91.1%for, of for + against + abstain
- Shareholder-proposal support
- 39.9%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 WORLD FUND listed 313,175 vote records. Votes against management made up 25.2% of those marked either way (94,821 of 375,679); the median fund registrant stood at 6.2%.
Weighted by the number of shares voted, the against-management share is 3.8%. 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 91.1% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 39.9% of the proposals put forward by security holders (the median fund registrant: 27.5%).
By category, votes against management were most frequent in COMPENSATION (31.6% of 35,850), OTHER SOCIAL ISSUES (30.9% of 2,470) and ENVIRONMENT OR CLIMATE (28.2% of 1,686).
It reported 861.3 million shares out on loan at record dates, 1.12% 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 | 25.2% | 6.2% | 10.6% |
| Say-on-pay support rate | 91.1% | 91.6% | 86.0% |
| Shareholder-proposal support rate | 39.9% | 27.5% | 33.9% |
| Shares on loan, share of shares held | 1.12% | 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 | 216,338 | 155,779 | 30,738 | 27.2% | |
| SECTION 14A SAY-ON-PAY VOTES | 18,117 | 14,593 | 1,186 | 11.0% | |
| AUDIT-RELATED | 30,476 | 22,014 | 5,141 | 27.7% | |
| INVESTMENT COMPANY MATTERS | 47 | 42 | 5 | 10.6% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 1,541 | 981 | 447 | 26.0% | |
| EXTRAORDINARY TRANSACTIONS | 3,789 | 3,338 | 272 | 11.3% | |
| CAPITAL STRUCTURE | 25,264 | 23,277 | 1,646 | 7.7% | |
| COMPENSATION | 36,080 | 24,465 | 7,267 | 31.6% | |
| CORPORATE GOVERNANCE | 50,196 | 37,328 | 11,137 | 23.1% | |
| ENVIRONMENT OR CLIMATE | 1,688 | 576 | 908 | 28.2% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 702 | 356 | 345 | 7.7% | |
| DIVERSITY, EQUITY, AND INCLUSION | 636 | 327 | 307 | 3.5% | |
| OTHER SOCIAL ISSUES | 2,486 | 949 | 1,293 | 30.9% | |
| OTHER | 2,069 | 1,667 | 394 | 5.2% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 153,711 | 6.7% | 96.6% | 39.5% | |
| year to 30 June 2025 | 194,831 | 16.1% | 72.1% | 40.8% | |
| year to 30 June 2026 | 313,175 | 25.2% | 91.1% | 39.9% |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, VANGUARD WORLD FUND voted against management on 67 of the 2,305 it marked either way (2.9%) in the year to 30 June 2026. The 40 companies with the most reporting filers are listed.
A further 2 say-on-pay items were reported without a management mark and are left out of both sides of that fraction.
- Alphabet Inc. 5 Jun 2026
- Thermo Fisher Scientific Inc. 20 May 2026
- WARNER BROS. DISCOVERY, INC. 23 Apr 2026
- WARNER BROS. DISCOVERY, INC. 9 Jun 2026
- T-Mobile US, Inc. 16 Jun 2026
- Dell Technologies Inc. 25 Jun 2026
- Welltower Inc. 21 May 2026
- Snowflake Inc. 2 Jul 2025
- Omnicom Group Inc. 5 May 2026
- The Trade Desk, Inc. 4 May 2026
- The Estee Lauder Companies Inc. 13 Nov 2025
- Las Vegas Sands Corp. 14 May 2026
- Exact Sciences Corporation 20 Feb 2026
- Chewy, Inc. 10 Jul 2025
- Somnigroup International, Inc. 13 May 2026
- THE TORONTO-DOMINION BANK 16 Apr 2026
- Hamilton Lane Incorporated 4 Sep 2025
- TEGNA Inc. 18 Nov 2025
- Core Scientific, Inc. 30 Oct 2025
- Core Scientific, Inc. 12 May 2026
- Tri Pointe Homes, Inc. 16 Apr 2026
- Arrowhead Pharmaceuticals, Inc. 19 Mar 2026
- TeraWulf Inc. 9 Jun 2026
- TPG Inc. 3 Jun 2026
- TG Therapeutics, Inc. 11 Jun 2026
- C3.ai, Inc. 3 Oct 2025
- Hut 8 Corp. 11 Jun 2026
- Roivant Sciences Ltd. 10 Sep 2025
- Coty Inc. 6 Nov 2025
- DigitalBridge Group, Inc. 23 Apr 2026
- Liberty Live Holdings, Inc. 11 May 2026
- Applied Digital Corporation 5 Nov 2025
- Freshworks Inc. 28 May 2026
- Twist Bioscience Corporation 5 Feb 2026
- Heidrick & Struggles International, Inc. 5 Dec 2025
- BioLife Solutions, Inc. 17 Jun 2026
- Cogent Communications Holdings, Inc. 1 May 2026
- Tootsie Roll Industries, Inc. 6 May 2026
- AMC Entertainment Holdings, Inc. 10 Dec 2025
- Arbor Realty Trust, Inc. 20 May 2026
Shareholder proposals it supported
Of 1,514 proposals from security holders that could be told apart in the filings and on which it cast a vote, VANGUARD WORLD FUND voted for 589 (38.9%). 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 |
| Tesla, Inc. | 6 Nov 2025 | A shareholder proposal to seek shareholder approval before adopting an amendment to the bylaws pursuant to... |
| Tesla, Inc. | 6 Nov 2025 | Declassify the Board of Directors |
| Starbucks Corporation | 25 Mar 2026 | Shareholder proposal requesting supermajority shareholder voting requirements be replaced with majority... |
| Palo Alto Networks, Inc. | 9 Dec 2025 | To consider and vote upon a shareholder proposal, if properly presented at the Annual Meeting, regarding... |
| 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... |
| 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. |
| Airbnb, Inc. | 5 Jun 2026 | Dual-class sunset; and |
| NRG Energy, Inc. | 30 Apr 2026 | To vote on a stockholder proposal to give shareholders the ability to call for a special shareholder meeting |
| Keysight Technologies, Inc. | 19 Mar 2026 | Consider, on a non-binding advisory basis, a Stockholder Proposal: Shareholder Ability to Call for a... |
| Lennar Corporation | 8 Apr 2026 | Shareholder proposal: SHAREHOLDER RIGHTS AND DEFENSES |
| ON Semiconductor Corporation | 14 May 2026 | To vote on a stockholder proposal regarding simple majority voting |
| lululemon athletica inc. | 25 Jun 2026 | Declassify the Board of Directors |
| Zscaler, Inc. | 12 Jan 2026 | To vote on a non-binding stockholder proposal requesting the declassification of our board of directors. |
| HubSpot, Inc. | 15 Jun 2026 | A stockholder proposal to change the Company's Sixth Amended and Restated Bylaws to allow 10% holders of... |
| Corpay, Inc. | 7 May 2026 | Shareholder proposal regarding an independent Board Chair requirement |
| Norwegian Cruise Line Holdings Ltd. | 11 Jun 2026 | A shareholder proposal requesting the declassification of our board of directors |
| Norwegian Cruise Line Holdings Ltd. | 11 Jun 2026 | To consider and vote upon one shareholder proposal |
| 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. |
| Five Below, Inc. | 16 Jun 2026 | Shareholder proposal requesting that provisions in the Company's governance documents requiring greater... |
| OGE Energy Corp. | 14 May 2026 | Shareholder Proposal Regarding Simple Majority Vote. |
| Eagle Materials Inc. | 4 Aug 2025 | Non-binding advisory stockholder proposal requesting the declassification of our Board of Directors. |
| Wyndham Hotels & Resorts, Inc. | 14 May 2026 | To vote on a stockholder proposal, if properly presented at the meeting, regarding stockholder ability to... |
| Mohawk Industries, Inc. | 21 May 2026 | Stockholder proposal regarding a majority vote standard. |
| Bio-Rad Laboratories, Inc. | 21 Apr 2026 | Stockholder proposal regarding dual class capital structure. |
| The Wendy's Company | 20 May 2026 | S/h proposal - corporate governance |
| PENN Entertainment, Inc. | 16 Jun 2026 | Declassify the board of directors |
| Columbia Sportswear Company | 10 Jun 2026 | Shareholder proposal regarding proxy access. |
| Calix, Inc. | 14 May 2026 | To hold an advisory vote on a stockholder proposal relating to a simple majority vote. |
| BlackLine, Inc. | 7 May 2026 | Declassify the board of directors |
| Avis Budget Group, Inc. | 20 May 2026 | Adopt simple majority vote |
| THE BANK OF NOVA SCOTIA | 14 Apr 2026 | Shareholder Proposal Regarding Report on Use of Artificial Intelligence |
| Bloomin' Brands, Inc. | 22 Apr 2026 | Shareholder proposal: CAPITAL STRUCTURE |
Shares on loan
VANGUARD WORLD FUND reported 861.3 million shares on loan at record dates against 75.72 billion shares voted: 1.12% 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
23 series reported votes. A vote record can list several series. Series with 500 or more vote records have their own page.
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 0001104659-26-102121
- N-PX filed 27 Aug 2026 accession 0001104659-26-102124
- N-PX filed 27 Aug 2026 accession 0001104659-26-102127
- N-PX filed 27 Aug 2026 accession 0001104659-26-102129
- N-PX filed 27 Aug 2026 accession 0001104659-26-102132
- N-PX filed 27 Aug 2026 accession 0001104659-26-102135
- N-PX filed 27 Aug 2026 accession 0001104659-26-102138
- N-PX filed 27 Aug 2026 accession 0001104659-26-102141
- Every N-PX filing by this filer on EDGAR
Questions
How did VANGUARD WORLD FUND vote on executive pay?
In the year to 30 June 2026 VANGUARD WORLD FUND reported 16,022 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 14,591 were for (91.1%), 1,184 against and 247 abstentions. Counting one item per company meeting, it voted against management on 67 of the 2,305 say-on-pay items it marked either way. A further 2 say-on-pay items were reported without a management mark and are not counted in that figure.
How often does VANGUARD WORLD FUND vote against management?
25.2% of the time in the year to 30 June 2026: 94,821 of the 375,679 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 WORLD FUND support shareholder proposals on climate?
In the category ENVIRONMENT OR CLIMATE it reported 1,335 votes on proposals from security holders in the year to 30 June 2026 and voted for 269 of them (20.1%). Across every category it voted for 39.9% 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 WORLD FUND (filer no. 52848), 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.