{"id":60,"date":"2025-12-08T20:18:42","date_gmt":"2025-12-08T20:18:42","guid":{"rendered":"https:\/\/reprints.ygsgroup.com\/bloomberg\/?page_id=60"},"modified":"2026-02-12T16:51:02","modified_gmt":"2026-02-12T16:51:02","slug":"c148057","status":"publish","type":"page","link":"https:\/\/reprints.ygsgroup.com\/bloomberg\/c148057\/","title":{"rendered":"C148057"},"content":{"rendered":"\n<p class=\"sample-background\"><\/p>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p class=\"has-black-color has-text-color has-link-color wp-elements-b883c6380e26c459c29e08262ccbaa76\"><br>Markets<\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Vanguard Adds $1.4 Trillion S&amp;P Funds to Investor Proxy Program<\/h1>\n\n\n\n<p>By Katie Greifeld<br>October 21, 2025<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<\/div><\/div>\n\n\n\n<p>Vanguard Group&nbsp;is expanding its proxy voting program \u2014 designed to give shareholders a greater say on corporate resolutions at portfolio companies \u2014 to add the investment giant\u2019s oldest index fund.<\/p>\n\n\n\n<p>Both the mutual fund and exchange-traded fund share classes of the Vanguard 500 Index Fund are set to be part of the firm\u2019s Investor Choice program in 2026, according to a press release Tuesday. That includes the $645 billion Vanguard 500 Index Fund (ticker VFIAX) and the $769 billion Vanguard S&amp;P 500 ETF (VOO), which ranks as the world\u2019s largest ETF.<\/p>\n\n\n\n<p>With the additions, Vanguard\u2019s Investor Choice program now spans more than half of the Valley Forge, Pennsylvania-based firm\u2019s roughly $6 trillion in US equity index assets. Vanguard, which owns a stake in virtually every US-listed public company through its stable of index funds, launched the program in 2023 as an avenue for individual investors to indicate how they\u2019d like Vanguard to vote during companies\u2019 proxy ballots. Peers like BlackRock Inc. and State Street Corp. have similar initiatives.<\/p>\n\n\n\n<p>The fund managers have been&nbsp;scrutinized&nbsp;by investors and politicians in Republican-led states over their big&nbsp;sway over companies&nbsp;and for promoting so-called liberal topics like climate change. Last week, Glass Lewis &amp; Co. \u2014 which provides voting advice to large investment firms and has faced criticism from Republican leaders for supporting pro-environmental, social and governance issues \u2014 said it\u2019s ending its decades-long practice&nbsp;of providing benchmark recommendations for shareholder votes. Institutional Shareholder Services, its biggest rival, said it will give its advice for investors who want it.<\/p>\n\n\n\n<p>In addition to the Vanguard 500 Index Fund, share classes of the Vanguard Extended Market Index Fund and the Vanguard Institutional Index Fund will also be added in 2026, the release said \u2014 doubling the number of eligible investors to roughly 20 million. More than 80,000 investors in Vanguard\u2019s Investor Choice program made a policy selection during the 2025 proxy season.<\/p>\n\n\n\n<p>\u201cCentral to Vanguard Investor Choice is the core belief that investors should have the option to express a preference for how their index-fund holdings vote,\u201d&nbsp;John Galloway, Vanguard\u2019s global head of investment stewardship, said in the release.<\/p>\n\n\n\n<div style=\"height:27px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-text-align-center has-small-font-size\">Posted from <em>Bloomberg.com<\/em>, October 21, 2025, copyright by Bloomberg L.P. with all rights reserved.<br>This reprint implies no endorsement, either tacit or expressed, of any company, product, service or investment opportunity.&nbsp;<br>#C148057 Managed by The YGS Group, 800.290.5460. For more information visit www.YGSContentLicensing.com.<\/p>\n<\/div><\/div>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n<p class=\"sample-background\"><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Markets Vanguard Adds $1.4 Trillion S&amp;P Funds to Investor Proxy Program By Katie GreifeldOctober 21, 2025 Vanguard Group&nbsp;is expanding its proxy voting program \u2014 designed to give shareholders a greater say on corporate resolutions at portfolio companies \u2014 to add the investment giant\u2019s oldest index fund. Both the mutual fund and exchange-traded fund share classes [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-60","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>C148057 - Bloomberg<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/reprints.ygsgroup.com\/bloomberg\/c148057\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"C148057 - Bloomberg\" \/>\n<meta property=\"og:description\" content=\"Markets Vanguard Adds $1.4 Trillion S&amp;P Funds to Investor Proxy Program By Katie GreifeldOctober 21, 2025 Vanguard Group&nbsp;is expanding its proxy voting program \u2014 designed to give shareholders a greater say on corporate resolutions at portfolio companies \u2014 to add the investment giant\u2019s oldest index fund. 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Both the mutual fund and exchange-traded fund share classes [&hellip;]","og_url":"https:\/\/reprints.ygsgroup.com\/bloomberg\/c148057\/","og_site_name":"Bloomberg","article_modified_time":"2026-02-12T16:51:02+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/reprints.ygsgroup.com\/bloomberg\/c148057\/","url":"https:\/\/reprints.ygsgroup.com\/bloomberg\/c148057\/","name":"C148057 - Bloomberg","isPartOf":{"@id":"https:\/\/reprints.ygsgroup.com\/bloomberg\/#website"},"datePublished":"2025-12-08T20:18:42+00:00","dateModified":"2026-02-12T16:51:02+00:00","breadcrumb":{"@id":"https:\/\/reprints.ygsgroup.com\/bloomberg\/c148057\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/reprints.ygsgroup.com\/bloomberg\/c148057\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/reprints.ygsgroup.com\/bloomberg\/c148057\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/reprints.ygsgroup.com\/bloomberg\/"},{"@type":"ListItem","position":2,"name":"C148057"}]},{"@type":"WebSite","@id":"https:\/\/reprints.ygsgroup.com\/bloomberg\/#website","url":"https:\/\/reprints.ygsgroup.com\/bloomberg\/","name":"Bloomberg","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/reprints.ygsgroup.com\/bloomberg\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/reprints.ygsgroup.com\/bloomberg\/wp-json\/wp\/v2\/pages\/60","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/reprints.ygsgroup.com\/bloomberg\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/reprints.ygsgroup.com\/bloomberg\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/reprints.ygsgroup.com\/bloomberg\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/reprints.ygsgroup.com\/bloomberg\/wp-json\/wp\/v2\/comments?post=60"}],"version-history":[{"count":8,"href":"https:\/\/reprints.ygsgroup.com\/bloomberg\/wp-json\/wp\/v2\/pages\/60\/revisions"}],"predecessor-version":[{"id":96,"href":"https:\/\/reprints.ygsgroup.com\/bloomberg\/wp-json\/wp\/v2\/pages\/60\/revisions\/96"}],"wp:attachment":[{"href":"https:\/\/reprints.ygsgroup.com\/bloomberg\/wp-json\/wp\/v2\/media?parent=60"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}