You Own Wall Street › Funds › Vanguard › Vanguard Equity Income Fund
Vanguard Equity Income Fund (VEIPX) proxy voting record 2026
Three of its ballots from this season. Vote first, then see what it did with the shares your savings paid for.
The question on the ballot
As filed
Vanguard Fenway Funds files this fund's proxy votes with the SEC once a year. This is what it did with the shares your retirement savings paid for.
SourceProxy-voting record filed by Vanguard Fenway Funds on 2026-08-27 · open the filing · vote table (proxytable.xml, 2.8 MB)
TickersVEIPX (Investor Shares), VEIRX (Admiral Shares) · share classes of one fund, with one proxy-voting record · as listed in its latest SEC filing of proxy votes
How it voted, by issue
Fund companies sometimes file the same proposal under different subjects. So that funds can be compared, each proposal is counted under the subject most of the filings we read gave it, the same for every fund on this site. Counted by this fund’s own filing alone, 3 of its 142 shareholder proposals would sit under a different issue, or under none. On management's own executive pay resolutions, this fund voted in favour 98.2% of the time across 165 votes.
| Issue | Proposals faced | Backed | Share backed |
|---|---|---|---|
| Climate & environment | 33 | 0 | 0% |
| Workers & human rights | 5 | 0 | 0% |
| Pay equity & inclusion | 2 | 0 | 0% |
| Executive pay | 2 | 0 | 0% |
| Corporate governance | 76 | 5 | 6.6% |
| Other social issues | 23 | 0 | 0% |
On 7 of the 2,942 ballot items in its filing, 2 of them shareholder proposals, part of this fund’s shares was cast a different way from the rest: 1,825,062 shares in all, 0.058% of the shares it voted. Every figure here counts the way most of its shares were cast.
Its filing lists 172 ballot items, 10 of them shareholder proposals, more than once, with different share counts (344 rows in all): parts of this fund’s shares were voted separately. Each such item is counted once here, with all of its shares, the way most of them were cast.
What it holds
The largest positions this fund reported, as a share of the fund. Your slice of each is that percentage of your balance.
| Company | % of fund |
|---|---|
| Broadcom Inc | 5.56% |
| Merck & Co Inc | 2.53% |
| Johnson & Johnson | 2.34% |
| Bank of America Corp | 2.11% |
| Cisco Systems Inc | 1.80% |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund | 1.68% |
| Diamondback Energy Inc | 1.60% |
| Honeywell International Inc | 1.43% |
| Gilead Sciences Inc | 1.36% |
| M&T Bank Corp | 1.28% |
| Unilever PLC | 1.28% |
| T-Mobile US Inc | 1.26% |
SourcePortfolio holdings as reported by the fund for 2026-03-31 · open the filing
Ballots it voted
Wells Fargo & Company · 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.
AGAINST Vanguard Equity Income Fund voted with 4,600,536 shares
“Shareholder Proposal - Energy Supply Ratio.”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourceVanguard Fenway Funds, Form N-PX filed 2026-08-27 · accession 0001104659-26-101926 · series S000002579 · open the filing
Wells Fargo & Company · 28 April 2026 · put on the ballot by shareholder · Climate & environment
Report on High-Carbon Financing Litigation Risks.
AGAINST Vanguard Equity Income Fund voted with 4,600,536 shares
“Shareholder Proposal - Report on High-Carbon Financing Litigation Risks.”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourceVanguard Fenway Funds, Form N-PX filed 2026-08-27 · accession 0001104659-26-101926 · series S000002579 · open the filing
PepsiCo, Inc. · 6 May 2026 · put on the ballot by shareholder · Workforce & human rights
Should PepsiCo assess the human rights risks its own operations create?
Shareholders asked for an assessment of the human rights risks arising from the company’s operations and business relationships, and for the findings to be published.
AGAINST Vanguard Equity Income Fund voted with 2,016,673 shares
“Shareholder Proposal - Report on Human Rights Oversight.”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourceVanguard Fenway Funds, Form N-PX filed 2026-08-27 · accession 0001104659-26-101926 · series S000002579 · open the filing
Chevron Corporation · 27 May 2026 · put on the ballot by shareholder · Workforce & human rights
Should Chevron assess the human rights risks its own operations create?
Shareholders asked for an assessment of the human rights risks arising from the company’s operations and business relationships, and for the findings to be published.
AGAINST Vanguard Equity Income Fund voted with 1,185,462 shares
“Commission a Third-Party Report on Human Rights Processes”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourceVanguard Fenway Funds, Form N-PX filed 2026-08-27 · accession 0001104659-26-101926 · series S000002579 · open the filing
The Coca-Cola Company · 29 April 2026 · put on the ballot by shareholder · Pay equity & inclusion
Should Coca-Cola publish what its inclusion policies actually do for its workforce?
Shareholders asked for a report on the company’s LGBTQIA+ equity and inclusion efforts within its human capital management strategy — what the policies are, how they are measured, and what they have changed for employees.
AGAINST Vanguard Equity Income Fund voted with 2,398,141 shares
“Vote on a shareowner proposal requesting a report on the extent of the Company's diversity, equity and inclusion efforts”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourceVanguard Fenway Funds, Form N-PX filed 2026-08-27 · accession 0001104659-26-101926 · series S000002579 · open the filing
AT&T Inc. · 14 May 2026 · put on the ballot by shareholder · Pay equity & inclusion
Should AT&T publish the workforce breakdown it already files with the government?
Shareholders asked the company to publish its EEO-1 report — the table of employees by job category, race and sex that it is already required to submit to federal regulators — instead of keeping it confidential.
AGAINST Vanguard Equity Income Fund voted with 2,627,659 shares
“EEO-1 Report Disclosure Policy”
SourceVanguard Fenway Funds, Form N-PX filed 2026-08-27 · accession 0001104659-26-101926 · series S000002579 · open the filing
Edison International · 23 April 2026 · put on the ballot by shareholder · Executive pay
Regarding Retention of Equity
AGAINST Vanguard Equity Income Fund voted with 2,483,135 shares
“Shareholder Proposal Regarding Retention of Equity”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourceVanguard Fenway Funds, Form N-PX filed 2026-08-27 · accession 0001104659-26-101926 · series S000002579 · open the filing
International Business Machines Corporation · 28 April 2026 · put on the ballot by shareholder · Executive pay
A Change to IBM's Outside Director Stock Ownership Guidelines
AGAINST Vanguard Equity Income Fund voted with 452,796 shares
“Stockholder Proposal Requesting a Change to IBM's Outside Director Stock Ownership Guidelines”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourceVanguard Fenway Funds, Form N-PX filed 2026-08-27 · accession 0001104659-26-101926 · series S000002579 · open the filing
Every Vanguard fund we track, and how each one voted →
Retirement plans that offer it
Vote these ballots yourself
See how you would have voted, then what this fund did — one card at a time. Open the full ballot deck for this fund →