Corporate statement
February 26, 2026
At Vanguard we are focused on helping our more than 50 million investors and their families achieve their financial goals. We made the decision to settle the litigation filed by the Texas attorney general and other states with our investors’ best interest in mind as it allows us to put this distraction behind us and focus on what matters—giving our investors the best chance for investment success.
The terms of the agreement to settle this litigation reaffirm our longstanding practices and standards and the passive nature of our index funds. The settlement also recognizes our innovative Investor Choice program as a tool for empowering investors and bringing new voices into the proxy voting ecosystem. Investor Choice is the largest proxy voting choice program in the world, empowering 20 million index fund investors across more than $3 trillion1 in assets to make their voices heard.
1 As of December 31, 2025.