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Walmart shareholder proposals 2026
What shareholders asked Walmart to do, and how the funds holding Americans’ retirement savings voted on it: the funds in the 401(k) plans we index and the most widely held funds beyond them, with the filing behind every vote.
4 June 2026 · put on the ballot by shareholder · Workforce & human rights
Should Walmart explain how its board oversees the safety of the people who work for it?
Shareholders asked for a report on how health and safety is actually governed — who on the board is accountable, what the company measures, how injuries and fatalities are counted, and whether contractors and temporary workers are covered by the same standards as employees.
“Report on Workplace Health and Safety Governance”
2 of 91 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| Vanguard Target Retirement 2030 Fund | AGAINST | 139,351,795 |
| Vanguard Target Retirement 2045 Fund | AGAINST | 139,351,795 |
| Vanguard Target Retirement 2035 Fund | AGAINST | 139,351,795 |
| Vanguard Target Retirement 2040 Fund | AGAINST | 139,351,795 |
| Vanguard Target Retirement 2025 Fund | AGAINST | 139,351,795 |
| Vanguard Target Retirement 2050 Fund | AGAINST | 139,351,795 |
| Vanguard Target Retirement Income Fund | AGAINST | 139,351,795 |
| Vanguard Target Retirement 2060 Fund | AGAINST | 139,351,795 |
| Vanguard Target Retirement 2055 Fund | AGAINST | 139,351,795 |
| Vanguard Target Retirement 2065 Fund | AGAINST | 139,351,795 |
| Vanguard Target Retirement 2020 Fund | AGAINST | 139,351,795 |
| Vanguard Target Retirement 2070 Fund | AGAINST | 139,351,795 |
| Vanguard Morningstar Total Stock Market Index Fund | AGAINST | 139,351,795 |
| Vanguard LifeStrategy 60/40 Fund | AGAINST | 139,351,795 |
4 June 2026 · put on the ballot by shareholder · Workforce & human rights
Should Walmart explain how its board oversees the safety of the people who work for it?
Shareholders asked for a report on how health and safety is actually governed — who on the board is accountable, what the company measures, how injuries and fatalities are counted, and whether contractors and temporary workers are covered by the same standards as employees.
“Report on Workplace Health and Safety Governance”
1 of 14 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| iShares Core S&P 500 ETF | AGAINST | 55,866,110 +103,080 cast another way |
| iShares Russell 1000 Value ETF | AGAINST | 9,056,438 |
| iShares S&P 500 Value ETF | AGAINST | 7,570,315 |
| iShares Core S&P Total U.S. Stock Market ETF | AGAINST | 5,548,128 |
| iShares MSCI USA Momentum Factor ETF | AGAINST | 5,003,785 |
| iShares MSCI USA Quality Factor ETF | AGAINST | 4,684,253 |
| Harbor Capital Appreciation Fund | ABSTAIN | 3,988,046 |
| iShares Core S&P U.S. Value ETF | AGAINST | 3,710,194 |
| iShares Russell 1000 ETF | AGAINST | 3,086,476 |
| iShares Core Dividend Growth ETF | AGAINST | 2,860,057 |
| iShares MSCI USA Min Vol Factor ETF | AGAINST | 1,528,272 |
| Blackrock Global Allocation Fund, Inc. | FOR | 897,668 |
| 500 Index Trust | AGAINST | 896,599 |
| NVIT J.P. Morgan Large Cap Growth Fund | AGAINST | 49,276 |
4 June 2026 · put on the ballot by shareholder · Workforce & human rights
Should Walmart account for how it builds and uses AI?
Shareholders asked for a report on the company’s use of artificial intelligence — where its training data comes from and on what terms, how the board oversees the risk, and what the technology is doing to the accuracy of what users see.
“Report on Workforce Impact of AI and Automation”
1 of 11 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| iShares Core S&P 500 ETF | AGAINST | 55,866,110 +103,080 cast another way |
| iShares Russell 1000 Value ETF | AGAINST | 9,056,438 |
| iShares S&P 500 Value ETF | AGAINST | 7,570,315 |
| iShares MSCI USA Momentum Factor ETF | AGAINST | 5,003,785 |
| iShares MSCI USA Quality Factor ETF | AGAINST | 4,684,253 |
| Harbor Capital Appreciation Fund | FOR | 3,988,046 |
| iShares Core S&P U.S. Value ETF | AGAINST | 3,710,194 |
| iShares Core Dividend Growth ETF | AGAINST | 2,860,057 |
| iShares MSCI USA Min Vol Factor ETF | AGAINST | 1,528,272 |
| Blackrock Global Allocation Fund, Inc. | AGAINST | 897,668 |
| NVIT J.P. Morgan Large Cap Growth Fund | AGAINST | 49,276 |
The same proposal was put to Alphabet, Microsoft, Shopify, Toronto-Dominion Bank, Royal Bank of Canada, AtkinsRealis Group.
4 June 2026 · put on the ballot by shareholder
Request for Cumulative Voting for Board Elections
“Request for Cumulative Voting for Board Elections”
0 of 2 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| Harbor Capital Appreciation Fund | AGAINST | 3,988,046 |
| NVIT J.P. Morgan Large Cap Growth Fund | AGAINST | 49,276 |
4 June 2026 · put on the ballot by shareholder · Social
Report on Immigration Policy & Enforcement
“Report on Immigration Policy & Enforcement”
0 of 17 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| Invesco QQQ Trust, Series 1 | AGAINST | 103,169,692 |
| Vanguard Morningstar Value Index Fund | AGAINST | 40,027,144 |
| Vanguard Dividend Appreciation Index Fund | AGAINST | 23,992,575 |
| Invesco NASDAQ 100 ETF | AGAINST | 19,265,535 |
| State Street Consumer Staples Select Sector SPDR ETF | AGAINST | 13,526,275 |
| Vanguard Consumer Staples Index Fund | AGAINST | 11,509,556 |
| Columbia Dividend Income Fund | AGAINST | 8,018,194 |
| Putnam Large Cap Value Fund | AGAINST | 6,260,024 |
| State Street SPDR Portfolio S&P 500 Value ETF | AGAINST | 5,176,160 +207 cast another way |
| T. Rowe Price Dividend Growth Fund, Inc. | AGAINST | 3,409,887 |
| Schwab U.S. Large-Cap Value ETF | AGAINST | 2,324,114 |
| Nuveen Large Cap Value Index Fund | AGAINST | 1,518,540 |
| ProShares S&P 500 Dividend Aristocrats ETF | AGAINST | 1,387,016 |
| AQR Diversifying Strategies Fund | AGAINST | 172,561 |
4 June 2026 · put on the ballot by shareholder
Request for Cumulative Voting for Board Elections
“Request for Cumulative Voting for Board Elections”
0 of 8 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| Invesco QQQ Trust, Series 1 | AGAINST | 103,169,692 |
| Vanguard Morningstar Value Index Fund | AGAINST | 40,027,144 |
| Vanguard Dividend Appreciation Index Fund | AGAINST | 23,992,575 |
| Invesco NASDAQ 100 ETF | AGAINST | 19,265,535 |
| State Street Consumer Staples Select Sector SPDR ETF | AGAINST | 13,526,275 |
| Vanguard Consumer Staples Index Fund | AGAINST | 11,509,556 |
| T. Rowe Price Dividend Growth Fund, Inc. | AGAINST | 3,409,887 |
| Calvert Balanced Fund | AGAINST | 138,800 |
4 June 2026 · put on the ballot by shareholder · Social
Report on Immigration Policy & Enforcement
“Report on Immigration Policy & Enforcement”
0 of 5 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| iShares Russell 1000 Value ETF | AGAINST | 9,056,438 |
| iShares S&P 500 Value ETF | AGAINST | 7,570,315 |
| iShares MSCI USA Momentum Factor ETF | AGAINST | 5,003,785 |
| iShares Core S&P U.S. Value ETF | AGAINST | 3,710,194 |
| NVIT J.P. Morgan Large Cap Growth Fund | AGAINST | 49,276 |
4 June 2026 · put on the ballot by shareholder · Workforce & human rights
Should Walmart account for how it builds and uses AI?
Shareholders asked for a report on the company’s use of artificial intelligence — where its training data comes from and on what terms, how the board oversees the risk, and what the technology is doing to the accuracy of what users see.
“Report on Workforce Impact of AI and Automation”
0 of 2 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| Schwab U.S. Large-Cap Value ETF | AGAINST | 2,324,114 |
| Schwab S&P 500 Index Portfolio | AGAINST | 253,087 |
The same proposal was put to Alphabet, Microsoft, Shopify, Toronto-Dominion Bank, Royal Bank of Canada, AtkinsRealis Group.
4 June 2026 · put on the ballot by shareholder · Social
Report on Workforce Impact of Al and Automation
“Report on Workforce Impact of Al and Automation”
0 of 1 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| State Street Consumer Staples Select Sector SPDR ETF | AGAINST | 13,526,275 |
Vote these yourself
Say how you would have voted, then see what your own fund did. Open the ballot deck →