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Form N-PX · fund seriesSEC series no. S000030015

VANGUARD S&P MID-CAP 400 VALUE INDEX FUND

A series of VANGUARD ADMIRAL FUNDS

Vote records
14,362year to 30 June 2026
Against management
32.2%6,368 of 19,790 marked votes
Say-on-pay support
94.6%for, of for + against + abstain
Shareholder-proposal support
35.3%for, of for + against + abstain

VANGUARD S&P MID-CAP 400 VALUE INDEX FUND is a series of VANGUARD ADMIRAL FUNDS. For the year to 30 June 2026 its registrant reported 14,362 vote records for the series; 32.2% of the votes marked for or against management went against management. It voted for 94.6% of say-on-pay items and for 35.3% of proposals from security holders.

Compared with its registrant and family

year to 30 June 2026This seriesIts registrantVanguardMedian fund registrant
Against-management share32.2%32.3%20.1%6.2%
Say-on-pay support rate94.6%93.2%94.1%91.6%
Shareholder-proposal support rate35.3%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 ELECTIONS14,4979,8652,44132.0%
SECTION 14A SAY-ON-PAY VOTES1,4101,177698.6%
AUDIT-RELATED1,7751,12840036.5%
SHAREHOLDER RIGHTS AND DEFENSES94602829.7%
EXTRAORDINARY TRANSACTIONS72521027.8%
CAPITAL STRUCTURE107801626.2%
COMPENSATION1,37168236850.0%
CORPORATE GOVERNANCE38420811244.9%
ENVIRONMENT OR CLIMATE46122741.3%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE1010.0%
DIVERSITY, EQUITY, AND INCLUSION1221016.7%
OTHER SOCIAL ISSUES36102041.7%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
year to 30 June 20243,2511.2%97.6%16.2%
year to 30 June 20253,3140.4%99.7%19.1%
year to 30 June 202614,36232.2%94.6%35.3%

Questions

How often did VANGUARD S&P MID-CAP 400 VALUE INDEX FUND vote against management?

32.2% of the votes its registrant marked for or against management in the year to 30 June 2026 (6,368 of 19,790).

How did VANGUARD S&P MID-CAP 400 VALUE INDEX FUND vote on executive pay?

It voted for 1,157 of 1,223 say-on-pay items cast for, against or abstain (94.6%).

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 S000030015 by the filer. Not verified by the SEC. Filings read through 23 Sep 2026.