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Form N-PX · fund seriesSEC series no. S000002921

VANGUARD ENERGY OPPORTUNITIES FUND

A series of VANGUARD SPECIALIZED FUNDS

Vote records
751year to 30 June 2026
Against management
1.9%14 of 728 marked votes
Say-on-pay support
100.0%for, of for + against + abstain
Shareholder-proposal support
7.0%for, of for + against + abstain

VANGUARD ENERGY OPPORTUNITIES FUND is a series of VANGUARD SPECIALIZED FUNDS. For the year to 30 June 2026 its registrant reported 751 vote records for the series; 1.9% of the votes marked for or against management went against management. It voted for 100.0% of say-on-pay items and for 7.0% of proposals from security holders.

Compared with its registrant and family

year to 30 June 2026This seriesIts registrantVanguardMedian fund registrant
Against-management share1.9%26.8%20.1%6.2%
Say-on-pay support rate100.0%95.0%94.1%91.6%
Shareholder-proposal support rate7.0%26.9%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 ELECTIONS36534761.7%
SECTION 14A SAY-ON-PAY VOTES484600.0%
AUDIT-RELATED505000.0%
SHAREHOLDER RIGHTS AND DEFENSES3300.0%
EXTRAORDINARY TRANSACTIONS1100.0%
CAPITAL STRUCTURE939120.0%
COMPENSATION565243.6%
CORPORATE GOVERNANCE10086115.4%
ENVIRONMENT OR CLIMATE200200.0%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE3030.0%
DIVERSITY, EQUITY, AND INCLUSION2020.0%
OTHER SOCIAL ISSUES94511.1%
OTHER101not reported

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
year to 30 June 20247154.0%95.5%5.4%
year to 30 June 20256963.1%100.0%4.2%
year to 30 June 20267511.9%100.0%7.0%

Questions

How often did VANGUARD ENERGY OPPORTUNITIES FUND vote against management?

1.9% of the votes its registrant marked for or against management in the year to 30 June 2026 (14 of 728).

How did VANGUARD ENERGY OPPORTUNITIES FUND vote on executive pay?

It voted for 46 of 46 say-on-pay items cast for, against or abstain (100.0%).

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 SPECIALIZED FUNDS, 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 SPECIALIZED FUNDS (filer no. 734383); votes attributed to series S000002921 by the filer. Not verified by the SEC. Filings read through 23 Sep 2026.