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Vanguard Investor Choice enables investors to express their preferences on proxy voting matters related to their index fund holdings. During the 2025 proxy season, more than 80,000 investors made a policy selection through Investor Choice, doubling participation in the program compared with the previous year.

With the addition of Vanguard 500 Index Fund, along with Vanguard Extended Market Index Fund and Vanguard Institutional Index Fund, the assets eligible to participate in Investor Choice will represent more than half of Vanguard’s approximately $6 trillion in total U.S.-based equity index assets. The number of eligible investors will double to roughly 20 million.

“Central 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,” said John Galloway, Vanguard’s Chief Communications Officer and Head of Investor Engagement.