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Vanguard Morningstar Small-Cap Value Index Fund (VBR) 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)
TickersVBR (ETF Shares), VISVX (Investor Shares), VSIIX (Institutional Shares), VSIAX (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. On management's own executive pay resolutions, this fund voted in favour 97.8% of the time across 636 votes.
| Issue | Proposals faced | Backed | Share backed |
|---|---|---|---|
| Climate & environment | 14 | 0 | 0% |
| Workers & human rights | 2 | 0 | 0% |
| Pay equity & inclusion | 3 | 0 | 0% |
| Executive pay | 2 | 0 | 0% |
| Corporate governance | 63 | 11 | 17.5% |
| Other social issues | 10 | 0 | 0% |
Ballots it voted
Albertsons Companies, Inc. · 7 August 2025 · put on the ballot by shareholder · Climate & environment
Regarding Food Waste Reporting.
AGAINST Vanguard Morningstar Small-Cap Value Index Fund voted with 5,634,996 shares
“Stockholder Proposal Regarding Food Waste Reporting.”
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 0001104659-26-101996 · series S000002847 · open the filing
Skyworks Solutions, Inc. · 13 May 2026 · put on the ballot by shareholder · Climate & environment
Should Skyworks Solutions 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 Small-Cap Value Index Fund voted with 2,173,784 shares
“To approve a stockholder proposal regarding greenhouse gas emission reduction efforts report.”
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 0001104659-26-101996 · series S000002847 · open the filing
Albertsons Companies, Inc. · 7 August 2025 · put on the ballot by shareholder · Workforce & human rights
Should Albertsons 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 Small-Cap Value Index Fund voted with 5,634,996 shares
“Stockholder Proposal for a Report on Human Rights Policy and 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 0001104659-26-101996 · series S000002847 · open the filing
SkyWest, Inc. · 5 May 2026 · put on the ballot by shareholder · Workforce & human rights
Should an independent assessment check whether SkyWest respects the right to organise?
Shareholders asked for an independent assessment of whether the company, in practice, respects the internationally recognised rights to freedom of association and collective bargaining — the ILO core standards the company already says it supports — across all of its operations.
AGAINST Vanguard Morningstar Small-Cap Value Index Fund voted with 583,524 shares
“A shareholder proposal regarding collective bargaining policy.”
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 0001104659-26-101996 · series S000002847 · open the filing
Universal Health Services, Inc. · 20 May 2026 · put on the ballot by shareholder · Pay equity & inclusion
Should Universal Health Services disclose more about the people it employs?
Shareholders asked for fuller disclosure of the company’s human capital — the composition of the workforce, turnover, and how the company invests in the people it employs.
AGAINST Vanguard Morningstar Small-Cap Value Index Fund voted with 757,834 shares
“Stockholder proposal to adopt a policy requiring Universal Health Services, Inc. to publicly disclose its workforce diversity, if properly presented at the meeting.”
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 0001104659-26-101996 · series S000002847 · open the filing
Pilgrim's Pride Corporation · 29 April 2026 · put on the ballot by shareholder · Pay equity & inclusion
To provide a report regarding internal diversity and inclusion policies and practices.
AGAINST Vanguard Morningstar Small-Cap Value Index Fund voted with 692,947 shares
“A stockholder proposal to provide a report regarding internal diversity and inclusion policies and practices.”
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 0001104659-26-101996 · series S000002847 · open the filing
CF Industries Holdings, Inc. · 28 April 2026 · put on the ballot by shareholder · Executive pay
Should shareholders get a vote before CF Industries Holdings pays a departing executive?
Shareholders asked the company to seek shareholder approval for any severance package to a senior executive above a set multiple of salary and bonus — so that very large exit payments cannot be agreed by the board alone.
AGAINST Vanguard Morningstar Small-Cap Value Index Fund voted with 2,270,385 shares
“Shareholder proposal regarding shareholder approval requirement for excessive golden parachutes, if properly presented at the meeting.”
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 0001104659-26-101996 · series S000002847 · open the filing
Revvity, Inc. · 28 April 2026 · put on the ballot by shareholder · Executive pay
Executives to Retain Significant Stock.
AGAINST Vanguard Morningstar Small-Cap Value Index Fund voted with 1,653,584 shares
“To approve the shareholder proposal regarding Executives to Retain Significant Stock.”
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 0001104659-26-101996 · series S000002847 · 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 →