No it is not. It is 100% false with respect to voting rights.
The most visible sign of Vanguard’s engaged ownership is our funds’ proxy voting at shareholder meetings. We have an experienced group of analysts on our Investment Stewardship team that evaluates proposals and casts our funds’ votes in accordance with our voting guidelines.
Fund holders do not vote on corporate issues of stocks held by vanguard.
And of course, the owner of stocks held by a mutual fund are the mutual fund. Is that not clear to most people?
The most visible sign of Vanguard’s engaged ownership is our funds’ proxy voting at shareholder meetings. We have an experienced group of analysts on our Investment Stewardship team that evaluates proposals and casts our funds’ votes in accordance with our voting guidelines.
Fund holders do not vote on corporate issues of stocks held by vanguard.
And of course, the owner of stocks held by a mutual fund are the mutual fund. Is that not clear to most people?