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Form N-PX · fund seriesSEC series no. S000061303

VANGUARD U.S. MULTIFACTOR FUND

A series of VANGUARD WELLINGTON FUND

Vote records
6,723year to 30 June 2026
Against management
1.4%97 of 6,707 marked votes
Say-on-pay support
99.2%for, of for + against + abstain
Shareholder-proposal support
4.6%for, of for + against + abstain

VANGUARD U.S. MULTIFACTOR FUND is a series of VANGUARD WELLINGTON FUND. For the year to 30 June 2026 its registrant reported 6,723 vote records for the series; 1.4% of the votes marked for or against management went against management. It voted for 99.2% of say-on-pay items and for 4.6% of proposals from security holders.

Compared with its registrant and family

year to 30 June 2026This seriesIts registrantVanguardMedian fund registrant
Against-management share1.4%1.6%20.1%6.2%
Say-on-pay support rate99.2%98.3%94.1%91.6%
Shareholder-proposal support rate4.6%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 ELECTIONS4,4324,365191.4%
SECTION 14A SAY-ON-PAY VOTES1,1281,052121.4%
AUDIT-RELATED56656600.0%
SHAREHOLDER RIGHTS AND DEFENSES1714323.5%
EXTRAORDINARY TRANSACTIONS343225.9%
CAPITAL STRUCTURE565607.1%
COMPENSATION21620881.9%
CORPORATE GOVERNANCE197113845.1%
ENVIRONMENT OR CLIMATE390390.0%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE150150.0%
DIVERSITY, EQUITY, AND INCLUSION200200.0%
OTHER SOCIAL ISSUES491480.0%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
year to 30 June 20245,2732.1%98.8%5.9%
year to 30 June 20256,1651.0%98.8%7.5%
year to 30 June 20266,7231.4%99.2%4.6%

Questions

How often did VANGUARD U.S. MULTIFACTOR FUND vote against management?

1.4% of the votes its registrant marked for or against management in the year to 30 June 2026 (97 of 6,707).

How did VANGUARD U.S. MULTIFACTOR FUND vote on executive pay?

It voted for 1,052 of 1,060 say-on-pay items cast for, against or abstain (99.2%).

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 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 S000061303 by the filer. Not verified by the SEC. Filings read through 23 Sep 2026.