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Vanguard Morningstar Growth Index Fund (VUG) 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 Index 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 Index Funds on 2026-08-27 · open the filing · vote table (proxytable.xml, 7.9 MB)
TickersVUG (ETF Shares), VIGRX (Investor Shares), VIGAX (Admiral Shares), VIGIX (Institutional 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, 1 of its 122 shareholder proposals would sit under a different issue, or under none. On management's own executive pay resolutions, this fund voted in favour 94.2% of the time across 121 votes.
| Issue | Proposals faced | Backed | Share backed |
|---|---|---|---|
| Climate & environment | 18 | 0 | 0% |
| Workers & human rights | 9 | 0 | 0% |
| Pay equity & inclusion | 3 | 0 | 0% |
| Executive pay | 4 | 1 | 25% |
| Corporate governance | 59 | 12 | 20.3% |
| Other social issues | 29 | 0 | 0% |
Its filing also lists 7,046 separately voted blocks, 0.76% of the shares it voted: the shares of investors who chose their own voting policy under Vanguard Investor Choice. The figures here count the fund’s own vote. How Investor Choice shows up in the filings →
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 |
|---|---|
| NVIDIA Corp | 13.31% |
| Apple Inc | 12.32% |
| Alphabet Inc | 9.93% |
| Microsoft Corp | 9.09% |
| Amazon.com Inc | 4.59% |
| Broadcom Inc | 4.40% |
| Meta Platforms Inc | 4.15% |
| Tesla Inc | 3.47% |
| Eli Lilly & Co | 2.60% |
| Visa Inc | 1.65% |
| Costco Wholesale Corp | 1.48% |
| Netflix Inc | 1.36% |
SourcePortfolio holdings as reported by the fund for 2026-03-31 · open the filing
Ballots it voted
NVIDIA Corporation · 24 June 2026 · put on the ballot by shareholder · Climate & environment
Should Nvidia publish a fuller account of its emissions and how it plans to cut them?
Shareholders asked the company to disclose its greenhouse gas emissions more completely, or to have its reduction targets independently assessed, so that the plan can be checked rather than taken on trust.
AGAINST Vanguard Morningstar Growth Index Fund voted with 240,898,736 shares
“Approval of a non-binding stockholder proposal requesting reporting on greenhouse gas emissions from the use of our sold products.”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourceVanguard Index Funds, Form N-PX filed 2026-08-27 · accession 0001104659-26-101979 · series S000002842 · open the filing
Amazon.com, Inc. · 20 May 2026 · put on the ballot by shareholder · Climate & environment
Should Amazon.com report what its data centres do to its climate commitments?
Shareholders asked for a report on the electricity and water its data-centre build-out consumes, and on whether the growth in that demand can be squared with the emissions targets the company has already committed to.
AGAINST Vanguard Morningstar Growth Index Fund voted with 69,564,760 shares
“SHAREHOLDER PROPOSAL REQUESTING ADDITIONAL REPORTING ON IMPACT OF DATA CENTERS ON CLIMATE COMMITMENTS”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourceVanguard Index Funds, Form N-PX filed 2026-08-27 · accession 0001104659-26-101979 · series S000002842 · open the filing
Microsoft Corporation · 5 December 2025 · put on the ballot by shareholder · Workforce & human rights
Should Microsoft 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 Morningstar Growth Index Fund voted with 70,458,240 shares
“Report on Data Operations in Human Rights Hotspots”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourceVanguard Index Funds, Form N-PX filed 2026-08-27 · accession 0001104659-26-101979 · series S000002842 · open the filing
Microsoft Corporation · 5 December 2025 · put on the ballot by shareholder · Workforce & human rights
Should Microsoft 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 Morningstar Growth Index Fund voted with 70,458,240 shares
“Report on Human Rights Due Diligence”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourceVanguard Index Funds, Form N-PX filed 2026-08-27 · accession 0001104659-26-101979 · series S000002842 · open the filing
Fastenal Company · 23 April 2026 · put on the ballot by shareholder · Pay equity & inclusion
Should Fastenal 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 Morningstar Growth Index Fund voted with 13,644,603 shares
“Shareholder proposal relating to an EEO-1 reporting disclosure policy, if properly presented at the annual meeting.”
SourceVanguard Index Funds, Form N-PX filed 2026-08-27 · accession 0001104659-26-101979 · series S000002842 · open the filing
Adobe Inc. · 15 April 2026 · put on the ballot by shareholder · Pay equity & inclusion
Should Adobe disclose, or change, who sits on its board?
Shareholders asked the company to publish a board skills-and-diversity matrix, or to commit to a minimum representation of women among its directors.
AGAINST Vanguard Morningstar Growth Index Fund voted with 4,560,538 shares
“Stockholder Proposal Regarding Board Matrix.”
SourceVanguard Index Funds, Form N-PX filed 2026-08-27 · accession 0001104659-26-101979 · series S000002842 · open the filing
Tesla, Inc. · 6 November 2025 · put on the ballot by shareholder · Executive pay
Regarding adopting targets and reporting on metrics to assess the feasibility of integrating sustainability metrics into senior executive compensation plans.
AGAINST Vanguard Morningstar Growth Index Fund voted with 28,242,048 shares
“A shareholder proposal regarding adopting targets and reporting on metrics to assess the feasibility of integrating sustainability metrics into senior executive compensation plans.”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourceVanguard Index Funds, Form N-PX filed 2026-08-27 · accession 0001104659-26-101979 · series S000002842 · open the filing
Meta Platforms, Inc. · 27 May 2026 · put on the ballot by shareholder · Executive pay
Regarding annual vote regarding executive pay.
FOR Vanguard Morningstar Growth Index Fund voted with 22,829,173 shares
“A shareholder proposal regarding annual vote regarding executive pay.”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourceVanguard Index Funds, Form N-PX filed 2026-08-27 · accession 0001104659-26-101979 · series S000002842 · open the filing
Other funds Vanguard Index 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 →