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Form N-PX · fund seriesSEC series no. S000061310

VANGUARD U.S. MULTIFACTOR ETF

A series of VANGUARD WELLINGTON FUND

Vote records
6,913year to 30 June 2026
Against management
1.3%92 of 6,888 marked votes
Say-on-pay support
99.3%for, of for + against + abstain
Shareholder-proposal support
5.2%for, of for + against + abstain

VANGUARD U.S. MULTIFACTOR ETF is a series of VANGUARD WELLINGTON FUND. For the year to 30 June 2026 its registrant reported 6,913 vote records for the series; 1.3% of the votes marked for or against management went against management. It voted for 99.3% of say-on-pay items and for 5.2% of proposals from security holders.

Compared with its registrant and family

year to 30 June 2026This seriesIts registrantVanguardMedian fund registrant
Against-management share1.3%1.6%20.1%6.2%
Say-on-pay support rate99.3%98.3%94.1%91.6%
Shareholder-proposal support rate5.2%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 ELECTIONS4,5234,457221.3%
SECTION 14A SAY-ON-PAY VOTES1,1581,082121.2%
AUDIT-RELATED58358300.0%
SHAREHOLDER RIGHTS AND DEFENSES1613312.5%
EXTRAORDINARY TRANSACTIONS383625.3%
CAPITAL STRUCTURE626203.2%
COMPENSATION22822081.3%
CORPORATE GOVERNANCE219137826.0%
ENVIRONMENT OR CLIMATE430430.0%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE140140.0%
DIVERSITY, EQUITY, AND INCLUSION220220.0%
OTHER SOCIAL ISSUES481470.0%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
year to 30 June 20245,4612.6%98.9%4.5%
year to 30 June 20256,1401.0%99.0%7.5%
year to 30 June 20266,9131.3%99.3%5.2%

Questions

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

1.3% of the votes its registrant marked for or against management in the year to 30 June 2026 (92 of 6,888).

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

It voted for 1,082 of 1,090 say-on-pay items cast for, against or abstain (99.3%).

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 S000061310 by the filer. Not verified by the SEC. Filings read through 23 Sep 2026.