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Vanguard Health Care Fund (VGHCX) 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 Specialized 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 Specialized Funds on 2026-08-27 · open the filing · vote table (proxytable.xml, 0.8 MB)
TickersVGHCX (Investor Shares), VGHAX (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, 2 of its 20 shareholder proposals would sit under a different issue, or under none. On management's own executive pay resolutions, this fund voted in favour 96.6% of the time across 58 votes.
| Issue | Proposals faced | Backed | Share backed |
|---|---|---|---|
| Climate & environment | 2 | 0 | 0% |
| Corporate governance | 9 | 5 | 55.6% |
| Other social issues | 4 | 0 | 0% |
Its filing lists 13 ballot items more than once, with different share counts (26 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.
Ballots it voted
Merck & Co., Inc. · 26 May 2026 · put on the ballot by shareholder · Climate & environment
Regarding a report on DEI risks in federal contracting.
AGAINST Vanguard Health Care Fund voted with 17,789,747 shares
“Shareholder proposal regarding a report on DEI risks in federal contracting.”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourceVanguard Specialized Funds, Form N-PX filed 2026-08-27 · accession 0001104659-26-102071 · series S000002922 · open the filing
Merck & Co., Inc. · 26 May 2026 · put on the ballot by shareholder · Climate & environment
Regarding a report on healthcare coverage gaps.
AGAINST Vanguard Health Care Fund voted with 17,789,747 shares
“Shareholder proposal regarding a report on healthcare coverage gaps.”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourceVanguard Specialized Funds, Form N-PX filed 2026-08-27 · accession 0001104659-26-102071 · series S000002922 · open the filing
CVS Health Corporation · 14 May 2026 · put on the ballot by shareholder
Should CVS Health’s shareholders be able to act without waiting for a meeting?
Shareholders asked for the right to act by written consent — to approve a measure once holders of enough shares agree in writing, instead of waiting for the company to schedule a meeting.
AGAINST Vanguard Health Care Fund voted with 9,756,578 shares
“Stockholder Proposal for Reducing the Threshold for Our Stockholder Right to Act By Written Consent.”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourceVanguard Specialized Funds, Form N-PX filed 2026-08-27 · accession 0001104659-26-102071 · series S000002922 · open the filing
Johnson & Johnson · 23 April 2026 · put on the ballot by shareholder
Should the person who runs Johnson & Johnson 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.
AGAINST Vanguard Health Care Fund voted with 5,367,039 shares
“Independent Board Chair”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourceVanguard Specialized Funds, Form N-PX filed 2026-08-27 · accession 0001104659-26-102071 · series S000002922 · open the filing
Merck & Co., Inc. · 26 May 2026 · put on the ballot by shareholder · Social
Should Merck disclose the politics its money pays for?
Shareholders asked the company to publish its political spending — direct contributions and money routed through trade associations and other third parties — and whether that spending matches the values the company states publicly.
AGAINST Vanguard Health Care Fund voted with 17,789,747 shares
“Shareholder proposal regarding a report on political contributions.”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourceVanguard Specialized Funds, Form N-PX filed 2026-08-27 · accession 0001104659-26-102071 · series S000002922 · open the filing
Eli Lilly and Company · 4 May 2026 · put on the ballot by shareholder · Social
Should Eli Lilly and disclose what it lobbies for?
Shareholders asked for a report on the company’s lobbying: what it spends, which trade associations receive its money, what positions those bodies take, and who inside the company decides.
AGAINST Vanguard Health Care Fund voted with 3,619,771 shares
“Shareholder proposal to prepare an annual lobbying report.”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourceVanguard Specialized Funds, Form N-PX filed 2026-08-27 · accession 0001104659-26-102071 · series S000002922 · open the filing
Other funds Vanguard Specialized Funds votes
The same filer reports these alongside this one, in the same annual 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 →