Vanguard Adds 17 New Funds to Vanguard Investor Choice

VALLEY FORGE, Pa., Feb. 25, 2026 /PRNewswire/ -- 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:

• Vanguard Energy Index Fund
• Vanguard Materials Index Fund
• Vanguard Industrials Index Fund
• Vanguard Consumer Discretionary Index Fund
• Vanguard Consumer Staples Index Fund
• Vanguard Health Care Index Fund
• Vanguard Financials Index Fund
• Vanguard Information Technology Index Fund
• Vanguard Communication Services Index Fund
• Vanguard Utilities Index Fund
• Vanguard S&P Mid-Cap 400 Index Fund
• Vanguard S&P 500 Value Index Fund
• Vanguard S&P Mid-Cap 400 Growth Index Fund
• Vanguard S&P Mid-Cap 400 Value Index Fund
• Vanguard S&P Small-Cap 600 Index Fund
• Vanguard S&P Small-Cap 600 Value Index Fund
• Vanguard S&P Small-Cap 600 Growth ETF

"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

• Vanguard 500 Index Fund
• Vanguard Extended Market Index Fund
• Vanguard Institutional Index Fund
• Vanguard Growth Index Fund
• Vanguard Value Index Fund
• Vanguard Mid-Cap Index Fund
• Vanguard Large-Cap Index Fund
• Vanguard S&P 500 Growth Index Fund
• Vanguard Russell 1000 Index Fund
• Vanguard ESG U.S. Stock ETF
• Vanguard Mega Cap Index Fund
• Vanguard Dividend Appreciation Index Fund
• Vanguard High Dividend Yield Index Fund
• Vanguard Tax-Managed Capital Appreciation Fund
• Vanguard Tax-Managed Small-Cap Fund

For more information about Vanguard Investor Choice, please click here.

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. 

Vanguard ETF Shares are not redeemable with the issuing Fund other than in very large aggregations worth millions of dollars. Instead, investors must buy and sell Vanguard ETF Shares in the secondary market and hold those shares in a brokerage account. In doing so, the investor may incur brokerage commissions and may pay more than net asset value when buying and receive less than net asset value when selling.

Vanguard Marketing Corporation, Distributor.

¹ As of December 31, 2025.
² *Full list of funds already included in Investor Choice listed below.

SOURCE Vanguard