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Form N-PX · fund seriesSEC series no. S000030013

VANGUARD S&P 500 VALUE INDEX FUND

A series of VANGUARD ADMIRAL FUNDS

Vote records
25,399year to 30 June 2026
Against management
31.6%11,051 of 34,954 marked votes
Say-on-pay support
94.7%for, of for + against + abstain
Shareholder-proposal support
28.5%for, of for + against + abstain

VANGUARD S&P 500 VALUE INDEX FUND is a series of VANGUARD ADMIRAL FUNDS. For the year to 30 June 2026 its registrant reported 25,399 vote records for the series; 31.6% of the votes marked for or against management went against management. It voted for 94.7% of say-on-pay items and for 28.5% of proposals from security holders.

Compared with its registrant and family

year to 30 June 2026This seriesIts registrantVanguardMedian fund registrant
Against-management share31.6%32.3%20.1%6.2%
Say-on-pay support rate94.7%93.2%94.1%91.6%
Shareholder-proposal support rate28.5%31.2%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 ELECTIONS25,61017,8224,14630.3%
SECTION 14A SAY-ON-PAY VOTES1,6881,485857.4%
AUDIT-RELATED2,5981,57066439.5%
SHAREHOLDER RIGHTS AND DEFENSES2131198726.3%
EXTRAORDINARY TRANSACTIONS60421125.0%
CAPITAL STRUCTURE3552644926.8%
COMPENSATION2,3221,22261946.4%
CORPORATE GOVERNANCE1,51969257443.4%
ENVIRONMENT OR CLIMATE3007018338.0%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE72155716.9%
DIVERSITY, EQUITY, AND INCLUSION628536.8%
OTHER SOCIAL ISSUES3347920338.1%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
year to 30 June 20246,2030.5%99.3%5.5%
year to 30 June 20255,4940.4%99.0%5.0%
year to 30 June 202625,39931.6%94.7%28.5%

Questions

How often did VANGUARD S&P 500 VALUE INDEX FUND vote against management?

31.6% of the votes its registrant marked for or against management in the year to 30 June 2026 (11,051 of 34,954).

How did VANGUARD S&P 500 VALUE INDEX FUND vote on executive pay?

It voted for 1,475 of 1,557 say-on-pay items cast for, against or abstain (94.7%).

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 ADMIRAL 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 ADMIRAL FUNDS (filer no. 891190); votes attributed to series S000030013 by the filer. Not verified by the SEC. Filings read through 23 Sep 2026.