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Vanguard Morningstar Value Index Fund (VTV) 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, 19 MB)
TickersVTV (ETF Shares), VIVAX (Investor Shares), VVIAX (Admiral Shares), VIVIX (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 214 shareholder proposals would sit under a different issue, or under none. On management's own executive pay resolutions, this fund voted in favour 98.1% of the time across 263 votes.
| Issue | Proposals faced | Backed | Share backed |
|---|---|---|---|
| Climate & environment | 44 | 0 | 0% |
| Workers & human rights | 12 | 0 | 0% |
| Pay equity & inclusion | 2 | 0 | 0% |
| Executive pay | 6 | 0 | 0% |
| Corporate governance | 121 | 8 | 6.6% |
| Other social issues | 28 | 0 | 0% |
On 49 of the 4,492 ballot items in its filing, 5 of them shareholder proposals, part of this fund’s shares was cast a different way from the rest: 346,985 shares in all, 0.001% of the shares it voted. Every figure here counts the way most of its shares were cast.
Its filing lists 106 ballot items, 5 of them shareholder proposals, more than once, with different share counts (240 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.
Its filing also lists 14,930 separately voted blocks, 0.60% 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 |
|---|---|
| Berkshire Hathaway Inc | 3.62% |
| JPMorgan Chase & Co | 3.03% |
| Exxon Mobil Corp | 2.90% |
| Johnson & Johnson | 2.41% |
| Walmart Inc | 2.23% |
| Chevron Corp | 1.61% |
| AbbVie Inc | 1.58% |
| Micron Technology Inc | 1.56% |
| Procter & Gamble Co/The | 1.38% |
| Caterpillar Inc | 1.35% |
| Home Depot Inc/The | 1.34% |
| Bank of America Corp | 1.23% |
SourcePortfolio holdings as reported by the fund for 2026-03-31 · open the filing
Ballots it voted
Verizon Communications Inc. · 21 May 2026 · put on the ballot by shareholder · Climate & environment
Should Verizon Communications 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 Value Index Fund voted with 35,234,104 shares
“Board oversight of material issues related to climate change”
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 0001104659-26-102001 · series S000002840 · open the filing
The Coca-Cola Company · 29 April 2026 · put on the ballot by shareholder · Climate & environment
Should Coca-Cola report on the single-use plastic it puts into the world?
Shareholders asked for a report on how much single-use plastic packaging the company uses, the risks that creates as regulation tightens, and what it plans to do to reduce it.
AGAINST Vanguard Morningstar Value Index Fund voted with 31,805,478 shares
“Vote on a shareowner proposal requesting a report evaluating the Company's plastics packaging policies”
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 0001104659-26-102001 · series S000002840 · open the filing
Walmart Inc. · 4 June 2026 · put on the ballot by shareholder · Workforce & human rights
Should Walmart explain how its board oversees the safety of the people who work for it?
Shareholders asked for a report on how health and safety is actually governed — who on the board is accountable, what the company measures, how injuries and fatalities are counted, and whether contractors and temporary workers are covered by the same standards as employees.
AGAINST Vanguard Morningstar Value Index Fund voted with 40,027,144 shares
“Report on Workplace Health and Safety Governance”
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 0001104659-26-102001 · series S000002840 · open the filing
Intel Corporation · 13 May 2026 · put on the ballot by shareholder · Workforce & human rights
Should Intel 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 Value Index Fund voted with 37,732,784 shares
“Stockholder proposal requesting a report on Intel's human rights due diligence process.”
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 0001104659-26-102001 · series S000002840 · 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 Morningstar Value Index Fund voted with 31,805,478 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 Index Funds, Form N-PX filed 2026-08-27 · accession 0001104659-26-102001 · series S000002840 · 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 Morningstar Value Index Fund voted with 65,978,105 shares
“EEO-1 Report Disclosure Policy”
SourceVanguard Index Funds, Form N-PX filed 2026-08-27 · accession 0001104659-26-102001 · series S000002840 · open the filing
Capital One Financial Corporation · 8 May 2026 · put on the ballot by shareholder · Executive pay
Should shareholders get a vote before Capital One Financial 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 Value Index Fund voted with 5,904,910 shares
“Stockholder proposal to require a shareholder vote on golden parachute arrangements.”
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 0001104659-26-102001 · series S000002840 · open the filing
Fox Corporation · 14 November 2025 · put on the ballot by shareholder · Executive pay
Improve Executive Compensation Program.
AGAINST Vanguard Morningstar Value Index Fund voted with 1,309,880 shares
“Improve Executive Compensation Program.”
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 0001104659-26-102001 · series S000002840 · 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 →