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Form N-PX · fund seriesSEC series no. S000002924

VANGUARD REAL ESTATE INDEX FUND

A series of VANGUARD SPECIALIZED FUNDS

Vote records
1,584year to 30 June 2026
Against management
1.8%29 of 1,584 marked votes
Say-on-pay support
97.9%for, of for + against + abstain
Shareholder-proposal support
not reportedfor, of for + against + abstain

VANGUARD REAL ESTATE INDEX FUND is a series of VANGUARD SPECIALIZED FUNDS. For the year to 30 June 2026 its registrant reported 1,584 vote records for the series; 1.8% of the votes marked for or against management went against management. It voted for 97.9% of say-on-pay items and for 0.0% of proposals from security holders.

Compared with its registrant and family

year to 30 June 2026This seriesIts registrantVanguardMedian fund registrant
Against-management share1.8%26.8%20.1%6.2%
Say-on-pay support rate97.9%95.0%94.1%91.6%
Shareholder-proposal support ratenot reported26.9%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 ELECTIONS1,0571,04141.5%
SECTION 14A SAY-ON-PAY VOTES312276123.8%
AUDIT-RELATED13713700.0%
SHAREHOLDER RIGHTS AND DEFENSES3210.0%
EXTRAORDINARY TRANSACTIONS181715.6%
CAPITAL STRUCTURE3300.0%
COMPENSATION292900.0%
CORPORATE GOVERNANCE262243.8%
ENVIRONMENT OR CLIMATE1010.0%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
year to 30 June 20241,6520.9%96.2%0.0%
year to 30 June 20251,5751.5%98.6%33.3%
year to 30 June 20261,5841.8%97.9%not reported

Questions

How often did VANGUARD REAL ESTATE INDEX FUND vote against management?

1.8% of the votes its registrant marked for or against management in the year to 30 June 2026 (29 of 1,584).

How did VANGUARD REAL ESTATE INDEX FUND vote on executive pay?

It voted for 274 of 280 say-on-pay items cast for, against or abstain (97.9%).

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 S000002924 by the filer. Not verified by the SEC. Filings read through 23 Sep 2026.