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Wells Fargo shareholder proposals 2026
What shareholders asked Wells Fargo 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.
28 April 2026 · put on the ballot by shareholder · Climate & environment
Should Wells Fargo disclose what it finances, not just what it emits?
Shareholders asked the company to disclose the emissions attached to its lending, underwriting or energy mix — the ratio of clean to fossil financing, or an assessment of its clients’ own transition plans — rather than reporting only the emissions of its own offices.
“Shareholder Proposal - Energy Supply Ratio.”
4 of 57 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| Vanguard Morningstar Value Index Fund | AGAINST | 29,012,563 |
| Vanguard Wellington Fund | FOR | 24,704,955 |
| Investment Co of America | AGAINST | 17,694,856 |
| American Mutual Fund | AGAINST | 17,206,190 |
| Fidelity Freedom 2030 Fund | AGAINST | 12,914,189 |
| Fidelity Freedom 2040 Fund | AGAINST | 12,914,189 |
| Fidelity Freedom 2050 Fund | AGAINST | 12,914,189 |
| Fidelity Freedom 2020 Fund | AGAINST | 12,914,189 |
| Fidelity Freedom 2035 Fund | AGAINST | 12,914,189 |
| Fidelity Freedom 2045 Fund | AGAINST | 12,914,189 |
| Fidelity Advisor Freedom 2060 Fund | AGAINST | 12,914,189 |
| Fidelity Advisor Freedom 2055 Fund | AGAINST | 12,914,189 |
| Fidelity Freedom 2025 Fund | AGAINST | 12,914,189 |
| Fidelity Freedom 2010 Fund | AGAINST | 12,914,189 |
The same proposal was put to Westpac Banking, Fairfax Financial Holdings, Harley-Davidson, Danske Bank A/S, Goldman Sachs Group.
28 April 2026 · put on the ballot by shareholder · Climate & environment
Report on High-Carbon Financing Litigation Risks.
“Shareholder Proposal - Report on High-Carbon Financing Litigation Risks.”
0 of 41 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| Vanguard Morningstar Value Index Fund | AGAINST | 29,012,563 |
| Vanguard Wellington Fund | AGAINST | 24,704,955 |
| American Mutual Fund | AGAINST | 17,206,190 |
| Fidelity Freedom 2030 Fund | AGAINST | 12,914,189 |
| Fidelity Freedom 2040 Fund | AGAINST | 12,914,189 |
| Fidelity Freedom 2050 Fund | AGAINST | 12,914,189 |
| Fidelity Freedom 2020 Fund | AGAINST | 12,914,189 |
| Fidelity Freedom 2035 Fund | AGAINST | 12,914,189 |
| Fidelity Freedom 2045 Fund | AGAINST | 12,914,189 |
| Fidelity Advisor Freedom 2060 Fund | AGAINST | 12,914,189 |
| Fidelity Advisor Freedom 2055 Fund | AGAINST | 12,914,189 |
| Fidelity Freedom 2025 Fund | AGAINST | 12,914,189 |
| Fidelity Freedom 2010 Fund | AGAINST | 12,914,189 |
| Fidelity Freedom 2015 Fund | AGAINST | 12,914,189 |
28 April 2026 · put on the ballot by shareholder
Should the person who runs Wells Fargo also chair the board that supervises them?
Shareholders asked the company to require that the chair of the board be an independent director rather than the chief executive, so that the body overseeing management is not led by the person being overseen.
“Shareholder Proposal - Request for Board of Directors to Adopt Policy for an Independent Chair.”
5 of 15 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| Vanguard Wellington Fund | FOR | 24,704,955 |
| Vanguard Windsor II Fund | AGAINST | 9,619,374 |
| Vanguard Dividend Growth Fund | FOR | 9,276,808 |
| MFS Value Fund | AGAINST | 9,116,690 |
| Columbia Dividend Income Fund | FOR | 8,786,090 |
| Vanguard Equity Income Fund | AGAINST | 4,600,536 |
| Fidelity Low-Priced Stock Fund | AGAINST | 3,887,806 |
| Vanguard Growth and Income Fund | FOR | 2,745,108 |
| Fidelity Fund | AGAINST | 2,511,100 |
| Davis New York Venture Fund | AGAINST | 1,647,744 |
| Invesco Growth and Income Fund | AGAINST | 1,508,902 |
| Fidelity Low-Priced Stock K6 Fund | AGAINST | 698,979 |
| American Beacon Large Cap Value Fund | AGAINST | 545,999 |
| Fidelity Advisor Financials Fund | AGAINST | 523,528 |
The same proposal was put to Amazon.com, Exxon Mobil, Verizon Communications, PepsiCo, Chevron, Bank of America.
28 April 2026 · put on the ballot by shareholder
Govern by Majority Vote.
“Shareholder Proposal - Govern by Majority Vote.”
5 of 10 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| Vanguard Wellington Fund | AGAINST | 24,704,955 |
| Vanguard Dividend Growth Fund | AGAINST | 9,276,808 |
| Fidelity Low-Priced Stock Fund | FOR | 3,887,806 |
| Fidelity Fund | FOR | 2,511,100 |
| Vanguard Growth and Income Fund | AGAINST | 2,310,708 +434,400 cast another way |
| Davis New York Venture Fund | AGAINST | 1,647,744 |
| Invesco Growth and Income Fund | AGAINST | 1,508,902 |
| Fidelity Low-Priced Stock K6 Fund | FOR | 698,979 |
| Fidelity Advisor Financials Fund | FOR | 523,528 |
| Financial Services Fund | FOR | 1,979 |
28 April 2026 · put on the ballot by shareholder · Climate & environment
Should Wells Fargo disclose what it finances, not just what it emits?
Shareholders asked the company to disclose the emissions attached to its lending, underwriting or energy mix — the ratio of clean to fossil financing, or an assessment of its clients’ own transition plans — rather than reporting only the emissions of its own offices.
“Shareholder Proposal - Energy Supply Ratio.”
0 of 1 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| Dodge & Cox Stock Fund | AGAINST | 22,422,541 |
The same proposal was put to Westpac Banking, Fairfax Financial Holdings, Harley-Davidson, Danske Bank A/S, Goldman Sachs Group.
28 April 2026 · put on the ballot by shareholder · Climate & environment
Report on High-Carbon Financing Litigation Risks.
“Shareholder Proposal - Report on High-Carbon Financing Litigation Risks.”
0 of 1 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| Dodge & Cox Stock Fund | AGAINST | 22,422,541 |
28 April 2026 · put on the ballot by shareholder · Climate & environment
Report on Respecting Vendor Civil Liberties.
“Shareholder Proposal - Report on Respecting Vendor Civil Liberties.”
0 of 1 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| Fidelity Advisor Financials Fund | AGAINST | 523,528 |
28 April 2026 · put on the ballot by shareholder
Board Committee on Indigenous Peoples' Rights.
“Shareholder Proposal - Board Committee on Indigenous Peoples' Rights.”
0 of 5 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| Fidelity Low-Priced Stock Fund | AGAINST | 3,887,806 |
| Invesco Growth and Income Fund | AGAINST | 1,508,902 |
| Fidelity Low-Priced Stock K6 Fund | AGAINST | 698,979 |
| Fidelity Advisor Financials Fund | AGAINST | 523,528 |
| Financial Services Fund | AGAINST | 1,979 |
28 April 2026 · put on the ballot by shareholder · Climate & environment
Should Wells Fargo disclose what it finances, not just what it emits?
Shareholders asked the company to disclose the emissions attached to its lending, underwriting or energy mix — the ratio of clean to fossil financing, or an assessment of its clients’ own transition plans — rather than reporting only the emissions of its own offices.
“Shareholder Proposal - Energy Supply Ratio.”
0 of 9 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| iShares Russell 1000 Value ETF | AGAINST | 6,947,619 |
| Blackrock Equity Dividend Fund | AGAINST | 6,477,103 |
| iShares S&P 500 Value ETF | AGAINST | 5,577,612 |
| iShares Core Dividend Growth ETF | AGAINST | 5,284,026 |
| iShares MSCI USA Momentum Factor ETF | AGAINST | 3,622,334 |
| John Hancock Disciplined Value Fund | AGAINST | 3,388,092 |
| iShares Core S&P U.S. Value ETF | AGAINST | 2,602,578 |
| Blackrock Global Allocation Fund, Inc. | AGAINST | 949,947 |
| Carillon Eagle Growth & Income Fund | AGAINST | 127,549 |
The same proposal was put to Westpac Banking, Fairfax Financial Holdings, Harley-Davidson, Danske Bank A/S, Goldman Sachs Group.
28 April 2026 · put on the ballot by shareholder · Climate & environment
Report on High-Carbon Financing Litigation Risks.
“Shareholder Proposal - Report on High-Carbon Financing Litigation Risks.”
0 of 7 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| iShares Russell 1000 Value ETF | AGAINST | 6,947,619 |
| Blackrock Equity Dividend Fund | AGAINST | 6,477,103 |
| iShares Core Dividend Growth ETF | AGAINST | 5,284,026 |
| iShares MSCI USA Momentum Factor ETF | AGAINST | 3,622,334 |
| John Hancock Disciplined Value Fund | AGAINST | 3,388,092 |
| Blackrock Global Allocation Fund, Inc. | AGAINST | 949,947 |
| Carillon Eagle Growth & Income Fund | AGAINST | 127,549 |
28 April 2026 · put on the ballot by shareholder
Should the person who runs Wells Fargo also chair the board that supervises them?
Shareholders asked the company to require that the chair of the board be an independent director rather than the chief executive, so that the body overseeing management is not led by the person being overseen.
“Shareholder Proposal - Request for Board of Directors to Adopt Policy for an Independent Chair.”
2 of 4 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| Blackrock Equity Dividend Fund | AGAINST | 6,477,103 |
| iShares Core Dividend Growth ETF | AGAINST | 5,284,026 |
| John Hancock Disciplined Value Fund | FOR | 3,388,092 |
| Carillon Eagle Growth & Income Fund | FOR | 127,549 |
The same proposal was put to Amazon.com, Exxon Mobil, Verizon Communications, PepsiCo, Chevron, Bank of America.
28 April 2026 · put on the ballot by shareholder
Govern by Majority Vote.
“Shareholder Proposal - Govern by Majority Vote.”
2 of 3 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| Blackrock Equity Dividend Fund | AGAINST | 6,477,103 |
| John Hancock Disciplined Value Fund | FOR | 3,388,092 |
| Carillon Eagle Growth & Income Fund | FOR | 127,549 |
28 April 2026 · put on the ballot by shareholder
Board Committee on Indigenous Peoples' Rights.
“Shareholder Proposal - Board Committee on Indigenous Peoples' Rights.”
0 of 3 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| Blackrock Equity Dividend Fund | AGAINST | 6,477,103 |
| John Hancock Disciplined Value Fund | AGAINST | 3,388,092 |
| Carillon Eagle Growth & Income Fund | AGAINST | 127,549 |
28 April 2026 · put on the ballot by shareholder
Board Committee on Indigenous Peoples Rights.
“Shareholder Proposal - Board Committee on Indigenous Peoples Rights.”
0 of 2 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| Vanguard Wellington Fund | AGAINST | 24,704,955 |
| Vanguard Dividend Growth Fund | AGAINST | 9,276,808 |
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