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Form N-PX · fund seriesSEC series no. S000030019

VANGUARD S&P SMALL-CAP 600 VALUE INDEX FUND

A series of VANGUARD ADMIRAL FUNDS

Vote records
20,003year to 30 June 2026
Against management
32.7%8,911 of 27,244 marked votes
Say-on-pay support
94.6%for, of for + against + abstain
Shareholder-proposal support
38.8%for, of for + against + abstain

VANGUARD S&P SMALL-CAP 600 VALUE INDEX FUND is a series of VANGUARD ADMIRAL FUNDS. For the year to 30 June 2026 its registrant reported 20,003 vote records for the series; 32.7% of the votes marked for or against management went against management. It voted for 94.6% of say-on-pay items and for 38.8% of proposals from security holders.

Compared with its registrant and family

year to 30 June 2026This seriesIts registrantVanguardMedian fund registrant
Against-management share32.7%32.3%20.1%6.2%
Say-on-pay support rate94.6%93.2%94.1%91.6%
Shareholder-proposal support rate38.8%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 ELECTIONS19,24012,8023,32333.3%
SECTION 14A SAY-ON-PAY VOTES2,0061,675958.6%
AUDIT-RELATED2,7391,80755833.9%
SHAREHOLDER RIGHTS AND DEFENSES81611723.5%
EXTRAORDINARY TRANSACTIONS118821930.5%
CAPITAL STRUCTURE116891425.9%
COMPENSATION2,4721,35261145.3%
CORPORATE GOVERNANCE51630212939.8%
ENVIRONMENT OR CLIMATE144842.9%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE41325.0%
DIVERSITY, EQUITY, AND INCLUSION41325.0%
OTHER SOCIAL ISSUES73271.4%
OTHER110not reported

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
year to 30 June 20244,4621.1%98.4%15.0%
year to 30 June 20254,4870.4%99.6%21.4%
year to 30 June 202620,00332.7%94.6%38.8%

Questions

How often did VANGUARD S&P SMALL-CAP 600 VALUE INDEX FUND vote against management?

32.7% of the votes its registrant marked for or against management in the year to 30 June 2026 (8,911 of 27,244).

How did VANGUARD S&P SMALL-CAP 600 VALUE INDEX FUND vote on executive pay?

It voted for 1,654 of 1,748 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 S000030019 by the filer. Not verified by the SEC. Filings read through 23 Sep 2026.