News release
VALLEY FORGE, PA (February 25, 2026)—Vanguard today announced the addition of 17 new investment funds to Vanguard Investor Choice, adding approximately 2 million new eligible investors across more than $200 billion in assets. The expansion increases the number of eligible investors in the program to 22 million and expands eligible assets to more than $3.6 trillion1. This marks the fifth expansion of Vanguard Investor Choice, the largest proxy voting choice program in the world.
“Vanguard Investor Choice continues to help improve the corporate governance ecosystem by ensuring the voices of more investors can be heard,” said John Galloway, Global Head of Investor Engagement at Vanguard. “We are proud to continue to pioneer proxy voting choice for index fund investors, empowering them to more directly express their proxy voting preferences for their proportionate share of the funds.”
Expanding to New Funds*2
With 17 new participating funds, Vanguard Investor Choice now includes 32 funds, spanning all share classes. The full list of new funds is below:
"In 2025, we more than doubled participation in Investor Choice, reflecting strong - and increasing - investor interest in proxy voting. Going forward, we plan to continue to make it easier for all investors in our U.S. equity index funds to participate," said David Reiner, Head of Investor Choice at Vanguard.
Vanguard Investor Choice Overview
Vanguard Investor Choice empowers individual investors, their advisors, 529 plans, and retirement plan sponsors to make their voices heard on important shareholder matters at portfolio companies held in participating Vanguard funds.
Investor Choice offers a range of straightforward and distinct voting policy options that determine how investors’ proportionate shares are voted. To learn more about the proxy voting policy options, please click here. As the Investor Choice program expands to include additional Vanguard funds, investors holding one or more Vanguard funds directly through Vanguard can select a proxy voting policy here. Policy selections for those investors will automatically be applied as additional funds are added to the program.
*Funds Already in Investor Choice
Find more information about Vanguard Investor Choice.
1 As of December 31, 2025.
2 *Full list of funds already included in Investor Choice listed below.
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About Vanguard
Founded in 1975, Vanguard is one of the world's leading investment management companies. The firm offers investments, advice, and retirement services to tens of millions of individual investors around the globe—directly, through workplace plans, and through financial intermediaries. Vanguard operates under a unique, investor-owned structure where Vanguard fund shareholders own the funds, which in turn own Vanguard. As such, Vanguard adheres to a simple purpose: To take a stand for all investors, to treat them fairly, and to give them the best chance for investment success. For more information, visit vanguard.com
Visit vanguard.com to obtain a prospectus, or, if available, a summary prospectus. The prospectus contains investment objectives, risks, charges, expenses, and other information; read and consider carefully before investing.
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