You Own Wall Street › Voting choice › Vanguard Investor Choice › Egan-Jones Wealth-Focused Policy
Egan-Jones Wealth-Focused Policy, in Vanguard Investor Choice
Follows proxy adviser Egan-Jones; by rule it rejects environmental, social or political proposals unless they directly add to the company's revenue. It is one of the 5 policies the holders of a listed Vanguard fund can choose. Who writes it: Egan-Jones Proxy Services.
Choose the Egan-Jones Wealth-Focused Policy
Hold a listed Vanguard fund in a brokerage account or IRA?
Set your policy on Vanguard’s or Broadridge’s site. Your voting policy selection can be made or updated at any time.
(Vanguard Investor Choice)
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Vanguard says a choice made through ProxyVote may not apply if Broadridge, which runs it, cannot see your Vanguard fund holdings.
Hold it through your employer’s 401(k)?
The plan sponsor makes this choice for the whole plan. Nearly 80 retirement plan sponsors now take part, for more than one million plan participants (Vanguard, September 29, 2026). Ask yours:
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What it does, in its own words
- The approach
Recommendations are based only on protecting and enhancing investor wealth.
- Director elections
The Wealth-Focused Policy generally supports nominees with a record of responsible leadership … Additionally, the TSR of the Company over the director’s tenure is a primary consideration.
- Executive pay
The Wealth-Focused Policy supports compensation packages that are in alignment with total shareholder returns. Higher compensation packages are supported if significant shareholder returns have also been delivered.
- Climate, social and diversity proposals
Restrictive governance and environmental protection proposals are generally opposed. Proposals promoting diversity, equity, and inclusion are also opposed. Exceptions only exist when proposals are directly tailored to revenue generation.
- Workers and operations
The Wealth-Focused Policy generally rejects proposals to restrict the operations of the company, including with regards to hiring practices, environmental reporting, or political contributions.
How Vanguard describes it
The proportionate shares of participating investors that select the Egan-Jones Wealth-Focused Policy will be voted in accordance with the proxy voting recommendations from Egan-Jones Proxy Services (“Egan-Jones”), a third-party proxy advisor, that is based on the belief, as described by Egan-Jones, that maximizing shareholder value should be the primary focus of corporate governance and management decisions, without being influenced by political or social agendas. This policy by rule rejects proposals based on environmental, social, or political considerations unless they directly contribute to revenue generation at the company receiving the proposal.
SourceVanguard Investor Choice
Also in BlackRock Voting Choice
BlackRock lists the Egan-Jones Wealth-Focused Policy among the policies the holders of its participating U.S. retail fund can choose: BlackRock Voting Choice.
The other policies
- Company Board-Aligned Policy: Votes your share the way each company's board recommends.
- Glass Lewis ESG Policy: Follows proxy adviser Glass Lewis, on the view that more disclosure on environmental, social and governance issues can reduce company risks.
- Mirror Voting Policy: Votes your share in about the same proportions as the other shareholders voting at each meeting.
- Fund Proxy Policy (the default): The fund's own policy, adopted by its trustees. Your share votes this way if you choose nothing.
We quote each policy’s publishers; we don’t recommend one. How Vanguard Investor Choice works.
The funds where you can choose it
Every share class of Vanguard Growth Index Fund (VUG), Vanguard Value Index Fund (VTV), Vanguard Large-Cap Index Fund (VV), Vanguard Mid-Cap Index Fund (VO), Vanguard S&P 500 Growth Index Fund (VOOG), Vanguard ESG U.S. Stock ETF (ESGV), Vanguard Russell 1000 Index Fund (VONE), Vanguard Mega Cap Index Fund (MGC), Vanguard Dividend Appreciation Index Fund (VIG), Vanguard High Dividend Yield Index Fund (VYM), Vanguard Tax-Managed Capital Appreciation Fund (VTCLX), Vanguard Tax-Managed Small-Cap Fund (VTMSX), Vanguard 500 Index Fund (VOO), Vanguard Extended Market Index Fund (VXF), Vanguard Institutional Index Fund (VINIX), Vanguard Energy Index Fund (VDE), Vanguard Materials Index Fund (VAW), Vanguard Industrials Index Fund (VIS), Vanguard Consumer Discretionary Index Fund (VCR), Vanguard Consumer Staples Index Fund (VDC), Vanguard Health Care Index Fund (VHT), Vanguard Financials Index Fund (VFH), Vanguard Information Technology Index Fund (VGT), Vanguard Communication Services Index Fund (VOX), Vanguard Utilities Index Fund (VPU), Vanguard S&P Mid-Cap 400 Index Fund (IVOO), Vanguard S&P 500 Value Index Fund (VOOV), Vanguard S&P Mid-Cap 400 Growth Index Fund (IVOG), Vanguard S&P Mid-Cap 400 Value Index Fund (IVOV), Vanguard S&P Small-Cap 600 Index Fund (VIOO), Vanguard S&P Small-Cap 600 Value Index Fund (VIOV), Vanguard S&P Small-Cap 600 Growth ETF (VIOG).