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Vanguard Small-Cap Value Index Fund proxy voting record

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 2025-08-27 · open the filing · vote table (ProxyVotingTable.xml, 7.1 MB)

How it voted, by issue

Proposals are grouped by the subject the filer itself recorded. On management's own executive pay resolutions, this fund voted in favour 99% of the time across 631 votes.

IssueProposals facedBackedShare backed
Climate & environment1600%
Workers & human rights600%
Pay equity & inclusion100%
Executive pay1000%
Corporate governance551832.7%
Other social issues1100%

Ballots it voted

Mattel, Inc. · 28 May 2025 · put on the ballot by shareholder · Climate & environment

Should Mattel 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 Small-Cap Value Index Fund voted with 5,339,674 shares

“Stockholder proposal to disclose plan to reduce total contribution to climate change.”

The vote row as recorded in the filing

The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.

SourceVanguard Index Funds, Form N-PX filed 2025-08-27 · accession 0001104659-25-083470 · series S000002847 · open the filing

The Wendy's Company · 21 May 2025 · put on the ballot by shareholder · Climate & environment

Should Wendy's 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 Small-Cap Value Index Fund voted with 2,829,001 shares

“Stockholder proposal regarding an emissions reduction assessment, if properly presented at the Annual Meeting.”

The vote row as recorded in the filing

The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.

SourceVanguard Index Funds, Form N-PX filed 2025-08-27 · accession 0001104659-25-083470 · series S000002847 · open the filing

The Wendy's Company · 21 May 2025 · put on the ballot by shareholder · Workforce & human rights

Should the workers in Wendy's’s supply chain be the ones who enforce its labour standards?

Shareholders asked the company to assess adopting a worker-driven model of social responsibility: standards written with the workers who are affected, enforced through binding agreements with consequences for suppliers, and monitored by workers themselves rather than by an audit firm the company hires.

AGAINST  Vanguard Small-Cap Value Index Fund voted with 2,829,001 shares

“Stockholder proposal regarding worker-driven social responsibility, if properly presented at the Annual Meeting.”

The vote row as recorded in the filing

The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.

SourceVanguard Index Funds, Form N-PX filed 2025-08-27 · accession 0001104659-25-083470 · series S000002847 · open the filing

Warrior Met Coal, Inc. · 23 April 2025 · put on the ballot by shareholder · Workforce & human rights

Should an independent assessment check whether Warrior Met Coal 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 Small-Cap Value Index Fund voted with 879,232 shares

“STOCKHOLDER PROPOSAL: To adopt a resolution requesting an assessment of the Company's respect for the internationally recognized human rights of freedom of association and collective bargaining, if properly presented.”

The vote row as recorded in the filing

The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.

SourceVanguard Index Funds, Form N-PX filed 2025-08-27 · accession 0001104659-25-083470 · series S000002847 · open the filing

AutoNation, Inc. · 23 April 2025 · put on the ballot by shareholder · Pay equity & inclusion

Should AutoNation 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 Small-Cap Value Index Fund voted with 533,276 shares

“Adoption of stockholder proposal regarding diversity, equity, and inclusion efforts.”

The vote row as recorded in the filing

The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.

SourceVanguard Index Funds, Form N-PX filed 2025-08-27 · accession 0001104659-25-083470 · series S000002847 · open the filing

Aecom · 28 February 2025 · put on the ballot by shareholder · Executive pay

Should shareholders get a vote before Aecom 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 Small-Cap Value Index Fund voted with 2,232,766 shares

“Consider and act upon a stockholder proposal regarding the ratification of severance compensation, if properly presented.”

The vote row as recorded in the filing

The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.

SourceVanguard Index Funds, Form N-PX filed 2025-08-27 · accession 0001104659-25-083470 · series S000002847 · open the filing

Alaska Air Group, Inc. · 8 May 2025 · put on the ballot by shareholder · Executive pay

Should Alaska Air Group be able to take back pay awarded on results that turn out to be wrong?

Shareholders asked the board to strengthen its clawback policy, so that bonuses and share awards can be recovered when they were earned on misstated results or on conduct that later causes the company harm.

AGAINST  Vanguard Small-Cap Value Index Fund voted with 2,114,562 shares

“A stockholder proposal to amend the Company's clawback policy.”

The vote row as recorded in the filing

The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.

SourceVanguard Index Funds, Form N-PX filed 2025-08-27 · accession 0001104659-25-083470 · series S000002847 · open the filing

Lumen Technologies, Inc. · 13 May 2025 · put on the ballot by shareholder

Should a simple majority be enough to pass a measure at Lumen Technologies?

Shareholders asked the company to replace its supermajority voting requirements with a simple majority, so that a measure supported by most shares actually carries.

FOR  Vanguard Small-Cap Value Index Fund voted with 15,192,364 shares

“Shareholder proposal regarding simple majority voting.”

The vote row as recorded in the filing

The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.

SourceVanguard Index Funds, Form N-PX filed 2025-08-27 · accession 0001104659-25-083470 · series S000002847 · open the filing

Other funds Vanguard Index Funds votes

The same filer reports these alongside this one, in the same annual filing.

Vanguard 500 Index Fund98.5% for exec payVanguard Extended Market Index Fund96.6% for exec payVanguard Growth Index Fund97.9% for exec payVanguard Mid-Cap Growth Index Fund96.7% for exec payVanguard Mid-Cap Index Fund98.5% for exec payVanguard Mid-Cap Value Index Fund98.7% for exec payVanguard Small-Cap Growth Index Fund96.3% for exec payVanguard Small-Cap Index Fund97.9% for exec payVanguard Total Stock Market Index Fund97.1% for exec payVanguard Value Index Fund98.9% for exec pay

Retirement plans that offer it

Badger Meter 401(k)26 funds we can traceServisFirst Bancshares 401(k)21 funds we can trace

Vote these ballots yourself

See how you would have voted, then what this fund did — one card at a time. Open the ballot deck →