Investor Choice
Vanguard Investor Choice nears 10 million investors
May 29, 2025
Vanguard, a leader in providing investors with a greater voice in the proxy voting process, is expanding its Investor Choice pilot program to now include 12 participating funds representing nearly $1 trillion in assets under management (AUM).1
Expanding the scope and reach of Investor Choice
In the second half of 2025, we will add four funds to Investor Choice: Vanguard Value Index Fund, Vanguard Growth Index Fund, Vanguard Mid-Cap Index Fund, and Vanguard Large-Cap Index Fund. Collectively, these additional funds will nearly quadruple the AUM in the program, and the program will reach nearly 10 million investors.
Individual investors, their financial advisors, retirement plan sponsors, and now 529 plan sponsors can simply choose from a menu of five clear and distinct voting policies to make their voices heard on important shareholder matters at portfolio companies held in participating Vanguard funds.
“Our continued expansion of Investor Choice underscores our confidence that a range of independent perspectives contributes to a healthy corporate governance ecosystem and well-functioning capital markets,” said John Galloway, global head of Investment Stewardship at Vanguard.
Individual investors have expressed interest in having a voice. A recent Vanguard survey found that more than 80% of investors believe it's important for asset managers to consider their preferences when casting votes, and 57% said they were interested in participating in proxy voting choice programs.
Our commitment to democratizing investing for everyday investors
Throughout Vanguard’s 50-year history, we have made investing accessible to more and more people—from creating the world’s first retail index mutual fund to pioneering innovative, low-cost target-date funds and investment advice. Now, with Investor Choice, we are empowering index fund investors to have a more direct voice in the proxy voting process.
Our proxy voting policy options reflect ongoing investor feedback and our dedication to providing a range of differentiated policies. We are committed to expanding the program in a thoughtful, straightforward, and easy-to-use manner as we bring Investor Choice to scale across more funds and more investors.
It’s easy to enroll: If you own a Vanguard equity index fund directly in your Vanguard brokerage account, you can select your preferred proxy voting policy here. Your preferred policy will be applied to participating funds and to funds that are added to Investor Choice at a future date. Investors who hold a Vanguard equity index fund at another firm may have received an invitation to participate based upon their communication delivery method preference on record with the firm. This invitation contains a unique link to make a proxy voting policy election.
For information about Vanguard Investor Choice, please click here.
1 Data as of May 16, 2025.
Notes:
All investing is subject to risk, including the possible loss of the money you invest.
For more information about Vanguard funds, visit vanguard.com to obtain a prospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important information about a fund are contained in the prospectus; read and consider it carefully before investing.
Target-date investments are subject to the risks of their underlying funds. The year in the investment's name refers to the approximate year (the target date) when an investor would retire and leave the workforce. The investment will gradually shift its emphasis from more aggressive investments to more conservative ones based on its target date. A target-date investment is not guaranteed at any time, including on or after the target date.
Advice services are provided by Vanguard Advisers, Inc., a registered investment advisor, or by Vanguard National Trust Company, a federally chartered, limited-purpose trust company.
