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Form N-PX · fund seriesSEC series no. S000002578

VANGUARD EXPLORER FUND

A series of VANGUARD EXPLORER FUND

Vote records
8,281year to 30 June 2026
Against management
3.7%281 of 7,654 marked votes
Say-on-pay support
95.1%for, of for + against + abstain
Shareholder-proposal support
40.8%for, of for + against + abstain

VANGUARD EXPLORER FUND is a series of VANGUARD EXPLORER FUND. For the year to 30 June 2026 its registrant reported 8,281 vote records for the series; 3.7% of the votes marked for or against management went against management. It voted for 95.1% of say-on-pay items and for 40.8% of proposals from security holders.

Compared with its registrant and family

year to 30 June 2026This seriesIts registrantVanguardMedian fund registrant
Against-management share3.7%3.7%20.1%6.2%
Say-on-pay support rate95.1%94.9%94.1%91.6%
Shareholder-proposal support rate40.8%40.8%42.0%27.5%

Votes by category

foragainstabstain, withhold or otheramber tick: the portion cast against management

Category (as the form names it)VotesForAgainstAgainst managementSplit
DIRECTOR ELECTIONS4,9744,804503.5%
SECTION 14A SAY-ON-PAY VOTES1,7621,512824.2%
AUDIT-RELATED86486400.0%
SHAREHOLDER RIGHTS AND DEFENSES4135523.7%
EXTRAORDINARY TRANSACTIONS302913.7%
CAPITAL STRUCTURE979344.3%
COMPENSATION292269228.1%
CORPORATE GOVERNANCE200172278.3%
ENVIRONMENT OR CLIMATE6330.0%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE1100.0%
DIVERSITY, EQUITY, AND INCLUSION4130.0%
OTHER SOCIAL ISSUES4220.0%
OTHER110not reported

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
year to 30 June 20247,6874.6%93.0%36.6%
year to 30 June 20258,1463.3%93.8%37.9%
year to 30 June 20268,2813.7%95.1%40.8%

Questions

How often did VANGUARD EXPLORER FUND vote against management?

3.7% of the votes its registrant marked for or against management in the year to 30 June 2026 (281 of 7,654).

How did VANGUARD EXPLORER FUND vote on executive pay?

It voted for 1,506 of 1,584 say-on-pay items cast for, against or abstain (95.1%).

Is this the result of the meetings?

No. Form N-PX shows how the fund voted the shares it held. It does not show how other shareholders voted or what the outcome was.

Where does the data come from?

From the Form N-PX filed by VANGUARD EXPLORER FUND, which lists the series that cast each vote. The SEC does not verify the contents. Data runs through 23 Sep 2026.

Provenance: SEC EDGAR, Form N-PX filed by VANGUARD EXPLORER FUND (filer no. 34066); votes attributed to series S000002578 by the filer. Not verified by the SEC. Filings read through 23 Sep 2026.