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Form N-PX · fund seriesSEC series no. S000061301

VANGUARD U.S. MINIMUM VOLATILITY ETF

A series of VANGUARD WELLINGTON FUND

Vote records
2,349year to 30 June 2026
Against management
2.1%49 of 2,348 marked votes
Say-on-pay support
97.1%for, of for + against + abstain
Shareholder-proposal support
4.7%for, of for + against + abstain

VANGUARD U.S. MINIMUM VOLATILITY ETF is a series of VANGUARD WELLINGTON FUND. For the year to 30 June 2026 its registrant reported 2,349 vote records for the series; 2.1% of the votes marked for or against management went against management. It voted for 97.1% of say-on-pay items and for 4.7% of proposals from security holders.

Compared with its registrant and family

year to 30 June 2026This seriesIts registrantVanguardMedian fund registrant
Against-management share2.1%1.6%20.1%6.2%
Say-on-pay support rate97.1%98.3%94.1%91.6%
Shareholder-proposal support rate4.7%7.5%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 ELECTIONS1,5301,505141.6%
SECTION 14A SAY-ON-PAY VOTES362332103.3%
AUDIT-RELATED18218200.0%
SHAREHOLDER RIGHTS AND DEFENSES107330.0%
EXTRAORDINARY TRANSACTIONS118318.2%
CAPITAL STRUCTURE2828010.7%
COMPENSATION656143.1%
CORPORATE GOVERNANCE10651556.6%
ENVIRONMENT OR CLIMATE311300.0%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE161150.0%
DIVERSITY, EQUITY, AND INCLUSION191180.0%
OTHER SOCIAL ISSUES481470.0%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
year to 30 June 20241,9011.8%100.0%4.9%
year to 30 June 20252,0680.5%100.0%4.7%
year to 30 June 20262,3492.1%97.1%4.7%

Questions

How often did VANGUARD U.S. MINIMUM VOLATILITY ETF vote against management?

2.1% of the votes its registrant marked for or against management in the year to 30 June 2026 (49 of 2,348).

How did VANGUARD U.S. MINIMUM VOLATILITY ETF vote on executive pay?

It voted for 330 of 340 say-on-pay items cast for, against or abstain (97.1%).

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 WELLINGTON FUND, 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 WELLINGTON FUND (filer no. 105563); votes attributed to series S000061301 by the filer. Not verified by the SEC. Filings read through 23 Sep 2026.