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Form N-PX · fund seriesSEC series no. S000004390

BALANCED PORTFOLIO

A series of VANGUARD VARIABLE INSURANCE FUNDS

Vote records
1,190year to 30 June 2026
Against management
6.2%72 of 1,161 marked votes
Say-on-pay support
88.2%for, of for + against + abstain
Shareholder-proposal support
22.0%for, of for + against + abstain

BALANCED PORTFOLIO is a series of VANGUARD VARIABLE INSURANCE FUNDS. For the year to 30 June 2026 its registrant reported 1,190 vote records for the series; 6.2% of the votes marked for or against management went against management. It voted for 88.2% of say-on-pay items and for 22.0% of proposals from security holders.

Compared with its registrant and family

year to 30 June 2026This seriesIts registrantVanguardMedian fund registrant
Against-management share6.2%2.4%20.1%6.2%
Say-on-pay support rate88.2%96.7%94.1%91.6%
Shareholder-proposal support rate22.0%11.2%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 ELECTIONS753714173.6%
SECTION 14A SAY-ON-PAY VOTES1401201611.4%
AUDIT-RELATED828100.0%
SHAREHOLDER RIGHTS AND DEFENSES2315840.9%
EXTRAORDINARY TRANSACTIONS4400.0%
CAPITAL STRUCTURE343116.5%
COMPENSATION3121614.8%
CORPORATE GOVERNANCE53321120.0%
ENVIRONMENT OR CLIMATE232214.3%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE1221016.7%
DIVERSITY, EQUITY, AND INCLUSION8080.0%
OTHER SOCIAL ISSUES276217.4%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
year to 30 June 20241,4146.2%91.0%17.3%
year to 30 June 20251,1304.8%90.2%15.6%
year to 30 June 20261,1906.2%88.2%22.0%

Questions

How often did BALANCED PORTFOLIO vote against management?

6.2% of the votes its registrant marked for or against management in the year to 30 June 2026 (72 of 1,161).

How did BALANCED PORTFOLIO vote on executive pay?

It voted for 120 of 136 say-on-pay items cast for, against or abstain (88.2%).

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 VARIABLE INSURANCE 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 VARIABLE INSURANCE FUNDS (filer no. 857490); votes attributed to series S000004390 by the filer. Not verified by the SEC. Filings read through 23 Sep 2026.