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Vanguard vs Northern Trust: how alike they voted, 2025-2026

93.6% When both took a single position, they voted the same way on 93.6% of 95,912 items (89,809 the same, 6,103 different). 3,739 items where at least one of them split its funds are listed separately below. Both voted on 99,651 items in all.

Vanguard 2025-2026 · Northern Trust 2025-2026 · Download the item list (CSV)

By who put the item on the ballot. “Same position” = Same / (Same + Differ); split items are not in it. “Fund-level” is a second view over all common items: the chance that a fund of each manager, picked at random, voted the same way, which gives partial credit where a manager split.
Common itemsSame DifferSplit (not in %)Same position Fund-level
All ballot items 99,65189,8096,103 3,73993.6%92.5%
Board proposals 76,27267,5725,451 3,24992.5%91.3%
E&S shareholder proposals 1747728 6973.3%66.3%
Other items 23,20522,160624 42197.3%96.6%

Where they did not vote alike

Everything Voted differently Split votes

All ballot items Board proposals E&S shareholder proposals Other items

624 items. “Voted differently”: each manager’s funds all voted one way, and the two ways differ. “Split”: at least one manager’s funds did not all vote the same way.

CompanyMeetingProposalOn the ballot from Board recommendedVanguardNorthern Trust
SHANGHAI ELECTRIC POWER CO LTD May 28, 2026 Approve Financial Service Agreement
Extraordinary Transactions
Other For FOR
4 funds
AGAINST
1 fund
SHANGHAI ELECTRIC POWER CO LTD May 28, 2026 Approve Related Party Transaction
Extraordinary Transactions
Other For FOR
4 funds
AGAINST
1 fund
SHANGHAI INTERNATIONAL AIRPORT CO LTD June 5, 2026 Elect Wu Wei as Director
Director Elections
Other For FOR
4 funds
AGAINST
1 fund
SHANGHAI PHARMACEUTICALS HOLDING CO LTD June 25, 2026 Elect Shen Bo as Director
Director Elections
Other For FOR
6 funds
AGAINST
2 funds
SHANGHAI PHARMACEUTICALS HOLDING CO LTD June 25, 2026 Elect Wang Zhong as Director
Director Elections
Other For FOR
6 funds
AGAINST
2 funds
SHANGHAI PHARMACEUTICALS HOLDING CO LTD June 25, 2026 Elect Yang Qiuhua as Director
Director Elections
Other For FOR
6 funds
AGAINST
2 funds
SHANXI COKING COAL ENERGY GROUP CO., LTD. May 28, 2026 Approve Signing the Financial Services Agreement
Extraordinary Transactions
Other For FOR
4 funds
AGAINST
2 funds
SHANXI LU'AN ENVIRONMENTAL ENERGY DEVELOPMENT CO L May 20, 2026 Approve Financial Service Agreement
Extraordinary Transactions
Other For FOR
5 funds
AGAINST
2 funds
SHANXI LU'AN ENVIRONMENTAL ENERGY DEVELOPMENT CO L May 20, 2026 Approve Related Party Transaction
Extraordinary Transactions
Other For FOR
5 funds
AGAINST
2 funds
SHARPLINK, INC. April 10, 2026 Approval to adjourn or postpone the Annual Meeting if necessary.
Corporate Governance
Other For FOR
4 funds
AGAINST
1 fund
SHENERGY CO LTD June 26, 2026 Approve Related Party Transaction with Shenergy Group Finance Co., Ltd.
Extraordinary Transactions
Other For FOR
5 funds
AGAINST
2 funds
SHIMAMURA Co., Ltd. May 15, 2026 Approve Additional Dividend so that Dividend per Share Equals to 60 Percent of Earnings per Share
Capital Structure
Other Against AGAINST
6 funds
FOR
1 fund
SHOUGANG FUSHAN RESOURCES GROUP LTD January 30, 2026 Approve 2026 Financial Services Framework Agreement and the Deposit Services and the Credit Services Contemplated Thereunder, Daily Deposit Caps and the Daily Credit Caps and Related Transactions
Extraordinary Transactions
Other For FOR
5 funds
AGAINST
1 fund
SIG GROUP AG April 16, 2026 APPROVE VIRTUAL-ONLY SHAREHOLDER MEETINGS
Corporate Governance
Other For FOR
6 funds
AGAINST
1 fund
SPIC Green Energy Co., Ltd. February 27, 2026 Approve Company's Deposit and Loan Business with State Power Investment Corporation Finance Co., Ltd.
Corporate Governance
Other For FOR
5 funds
AGAINST
1 fund
SPIC Industry-Finance Holdings Co., Ltd. March 17, 2026 Approve Financial Services Agreement
Corporate Governance
Other For FOR
4 funds
AGAINST
1 fund
SSE PLC July 17, 2025 Approve Net Zero Transition Report
Environment or Climate
Other For ABSTAIN
6 funds
FOR
6 funds
STEF April 23, 2026 Approve Auditors' Special Report on Related-Party Transactions
Corporate Governance
Other For AGAINST
6 funds
FOR
1 fund
STOLT-NIELSEN LTD April 16, 2026 AUTHORIZE BOARD TO FILL VACANCIES
Corporate Governance
Other For FOR
5 funds
AGAINST
1 fund
SUNGROW POWER SUPPLY CO LTD April 24, 2026 Elect Zhang Lei as Director
Director Elections
Other For FOR
6 funds
AGAINST
1 fund
SVEAFASTIGHETER AB (PUBL) June 26, 2026 DETERMINE NUMBER OF MEMBERS AND DEPUTY MEMBERS OF BOARD
Corporate Governance
Other For AGAINST
1 fund
FOR
1 fund
Sailun Group Co., Ltd. December 19, 2025 Elect Li Jiqing as Director
Director Elections
Other For FOR
6 funds
AGAINST
1 fund
Sakura Development Co., Ltd. June 16, 2026 Approve Release of Restrictions of Competitive Activities of Newly Appointed Directors
Corporate Governance
Other For FOR
6 funds
AGAINST
1 fund
Sammaan Capital Limited October 29, 2025 Amend Articles of Association and Grant of Special Right Regarding Directors Nomination to Identified Shareholder
Corporate Governance
Other For FOR
5 funds
AGAINST
1 fund
Sasol Ltd. November 14, 2025 Approve Climate Change Report
Environment or Climate
Other For ABSTAIN
7 funds
FOR
2 funds
Seven & i Holdings Co., Ltd. May 27, 2026 Amend Articles to Allow Virtual Only Shareholder Meetings
Corporate Governance
Other For FOR
7 funds
AGAINST
2 funds
Shaanxi Coal Industry Co., Ltd. November 18, 2025 Approve Related Party Transactions
Corporate Governance
Other For FOR
6 funds
AGAINST
2 funds
Shaanxi Energy Investment Co., Ltd. May 13, 2026 Approve Related Party Transaction
Corporate Governance
Other For FOR
5 funds
AGAINST
1 fund
Shan Xi Hua Yang Group New Energy Co. Ltd. December 29, 2025 Approve Financial Service Agreement
Corporate Governance
Other For FOR
5 funds
AGAINST
1 fund
Shan Xi Hua Yang Group New Energy Co. Ltd. December 29, 2025 Approve Related Party Transaction
Corporate Governance
Other For FOR
5 funds
AGAINST
1 fund
Shandong Nanshan Aluminum Co., Ltd. November 17, 2025 Approve Related Party Transaction with Nanshan Group Finance Co., Ltd.
Corporate Governance
Other For FOR
6 funds
AGAINST
2 funds
Shandong Weigao Group Medical Polymer Company Limited October 17, 2025 Approve Second Batch Proposed Amendments to the Existing Articles of Association and Adopt New Articles of Association
Corporate Governance
Other For AGAINST
9 funds
FOR
2 funds
Shanghai Bailian Group Co., Ltd. June 17, 2026 Approve Financial Services Agreement and Related Party Transactions
Corporate Governance
Other For FOR
6 funds
AGAINST
1 fund
Shanghai Baosight Software Co., Ltd. December 29, 2025 Approve Financial Service Agreement
Corporate Governance
Other For FOR
7 funds
AGAINST
2 funds
Shanghai Baosight Software Co., Ltd. December 29, 2025 Approve Related Party Transaction
Corporate Governance
Other For FOR
7 funds
AGAINST
2 funds
Shanghai Electric Group Company Limited December 15, 2025 Approve Continuing Connected Transactions and Proposed Annual Caps under the Financial Services Framework Agreement
Corporate Governance
Other For FOR
5 funds
AGAINST
2 funds
Shanghai Shyndec Pharmaceutical Co., Ltd. May 8, 2026 Approve Financial Services Agreement and Related Party Transactions
Corporate Governance
Other For FOR
5 funds
AGAINST
1 fund
Shanghai Yuyuan Tourist Mart Group Co., Ltd. April 20, 2026 Approve Related Party Transactions on Sales and Purchases of Goods, Provision and Receiving Services
Corporate Governance
Other For FOR
5 funds
AGAINST
1 fund
Shanxi Coal International Energy Group Co., Ltd. December 31, 2025 Approve Related Party Transaction
Corporate Governance
Other For FOR
5 funds
AGAINST
1 fund
Shanxi Coking Coal Energy Group Co., Ltd. December 29, 2025 Approve Related Party Transaction
Corporate Governance
Other For FOR
6 funds
AGAINST
2 funds
Shanxi Lu'An Environmental Energy Development Co., Ltd. January 9, 2026 Approve Related Party Transaction
Corporate Governance
Other For FOR
6 funds
AGAINST
2 funds
Shanxi Taigang Stainless Steel Co., Ltd. December 19, 2025 Approve Related-party Transactions Related to Daily Operations
Corporate Governance
Other For FOR
4 funds
AGAINST
1 fund
Shanxi Taigang Stainless Steel Co., Ltd. December 19, 2025 Approve Signing a Financial Services Agreement
Corporate Governance
Other For FOR
4 funds
AGAINST
1 fund
Shanxi Xinghuacun Fen Wine Factory Co., Ltd. September 19, 2025 Elect Zhou Peiyu as Director
Director Elections
Other For FOR
5 funds
AGAINST
2 funds
Shihlin Electric & Engineering Corp. June 17, 2026 Approve Release of Restrictions of Competitive Activities of Newly Appointed Directors and Representatives
Corporate Governance
Other For AGAINST
6 funds
FOR
1 fund
Shopify Inc. June 16, 2026 Adopt a Policy on Responsible Use of Artificial Intelligence ("AI") in the Company's Business and Operations
Other Social Issues
Other Against AGAINST
7 funds
FOR
6 funds
Sichuan Huafeng Technology Co., Ltd. December 29, 2025 Approve Related Party Transaction with Sichuan Changhong Group Finance Co., Ltd.
Corporate Governance
Other For FOR
5 funds
AGAINST
1 fund
Sigurd Microelectronics Corp. May 29, 2026 Approve Amendments to Procedures Governing the Acquisition or Disposal of Assets
Corporate Governance
Other For FOR
5 funds
AGAINST
1 fund
Simplo Technology Co., Ltd. May 29, 2026 Approve Release of Restrictions of Competitive Activities of Newly Appointed Directors and Representatives
Corporate Governance
Other For AGAINST
5 funds
FOR
1 fund
Sims Limited November 21, 2025 Approve Advisory Vote on Climate Strategy
Environment or Climate
Other For ABSTAIN
6 funds
FOR
1 fund
Sinochem International Corp. May 15, 2026 Approve Financial Framework Agreement
Corporate Governance
Other For FOR
4 funds
AGAINST
1 fund
Sinochem International Corp. May 15, 2026 Approve Related Party Transaction
Corporate Governance
Other For FOR
4 funds
AGAINST
1 fund
Sinofert Holdings Limited December 19, 2025 Approve Financial Services Framework Agreement, Maximum Daily Outstanding Balance of the Deposit Services and Related Transactions
Corporate Governance
Other For FOR
5 funds
AGAINST
1 fund
Sinoma International Engineering Co., Ltd. December 29, 2025 Approve Financial Service Agreement
Corporate Governance
Other For FOR
6 funds
AGAINST
1 fund
Sinopec Kantons Holdings Limited November 27, 2025 Approve New Century Bright Financial Services Framework Master Agreement, Proposed Annual Caps and Related Transactions
Corporate Governance
Other For FOR
4 funds
AGAINST
1 fund
Sinopec Kantons Holdings Limited November 27, 2025 Approve New Sinopec Finance Financial Services Framework Master Agreement, Proposed Annual Caps and Related Transactions
Corporate Governance
Other For FOR
4 funds
AGAINST
1 fund
Sporton International Inc. May 22, 2026 Approve Amendments to Articles of Association
Corporate Governance
Other For FOR
5 funds
AGAINST
1 fund
State Grid Yingda Co., Ltd. September 15, 2025 Approve Related Party Transaction
Corporate Governance
Other For FOR
5 funds
AGAINST
1 fund
State Grid Yingda Co., Ltd. May 20, 2026 Approve Related Party Transaction
Corporate Governance
Other For FOR
4 funds
AGAINST
1 fund
TAIWAN COOPERATIVE FINANCIAL HOLDING CO LTD June 18, 2026 Elect Lin, Hann-Chyi as Independent Director
Director Elections
Other None FOR
6 funds
AGAINST
2 funds
TARGET CORPORATION June 10, 2026 Shareholder proposal requesting policy requiring the Board Chair to be an independent director.
Corporate Governance
Other Against AGAINST
36 funds
FOR
8 funds
TCL ZHONGHUAN RENEWABLE ENERGY TECHNOLOGY CO., LTD January 23, 2026 Approve Related Party Transaction
Extraordinary Transactions
Other For FOR
5 funds
AGAINST
2 funds
TCL ZHONGHUAN RENEWABLE ENERGY TECHNOLOGY CO., LTD April 15, 2026 Approve Financial Service Agreement and Adjustment of Related Party Transaction
Extraordinary Transactions
Other For FOR
4 funds
AGAINST
2 funds
TECOM Group PJSC March 10, 2026 Approve Corporate Social Responsibility and Charitable Contributions Policy
Corporate Governance
Other For FOR
1 fund
AGAINST
1 fund
TELEPHONE AND DATA SYSTEMS, INC. May 21, 2026 Approval of an amendment to the Company's Restated Certificate of Incorporation to provide for exculpation of officers
Director Elections
Other For FOR
23 funds
AGAINST
3 funds
TELEVISION FRANCAISE 1 SA TF1 April 16, 2026 Approve Auditors' Special Report on Related-Party Transactions
Audit-related
Other For AGAINST
6 funds
FOR
1 fund
THE ESTEE LAUDER COMPANIES INC. November 13, 2025 Approval of Amendments to the Restated Certificate of Incorporation to Eliminate the Monetary Liability of Certain Officers as Permitted by Delaware Law and to Make Certain Miscellaneous Changes to Article IV thereof.
Director Elections
Other For FOR
28 funds
AGAINST
6 funds
THE KANSAI ELECTRIC POWER COMPANY,INCORPORATED June 25, 2026 Amend Articles to Require Individual Compensation Disclosure for Executive Officers
Compensation
Other Against AGAINST
6 funds
FOR
5 funds
THE SWATCH GROUP AG May 12, 2026 Amend Articles Re: Auditor Rotation Every Ten Years
Audit-related
Other Against AGAINST
7 funds
FOR
2 funds
THE SWATCH GROUP AG May 12, 2026 Amend Articles Re: Board Chair Requirement
Corporate Governance
Other Against AGAINST
7 funds
FOR
3 funds
THE SWATCH GROUP AG May 12, 2026 Amend Articles Re: Chair of the Compensation Committee
Corporate Governance
Other Against AGAINST
7 funds
FOR
3 funds
THE SWATCH GROUP AG May 12, 2026 Amend Articles Re: Hybrid General Meeting
Corporate Governance
Other Against AGAINST
7 funds
FOR
3 funds
TIANSHUI HUATIAN TECHNOLOGY CO LTD February 27, 2026 Approve Proposal on Whether This Transaction Constitutes a Related Party Transaction
Extraordinary Transactions
Other For FOR
4 funds
AGAINST
1 fund
TONGLING NONFERROUS METALS GROUP CO LTD May 13, 2026 Approve the Estimated Daily Financial Related Party Transactions
Extraordinary Transactions
Other For FOR
5 funds
AGAINST
2 funds
TRICO BANCSHARES May 21, 2026 Amendment to the Company's Bylaws to eliminate cumulative voting rights.
Shareholder Rights and Defenses
Other For FOR
15 funds
AGAINST
4 funds
TTY Biopharm Co. Ltd. May 28, 2026 Amend Procedures Governing the Acquisition or Disposal of Assets
Corporate Governance
Other For FOR
5 funds
AGAINST
1 fund
Ta Chen Stainless Pipe Co., Ltd. June 16, 2026 Approve Release of Restrictions of Competitive Activities of Newly Appointed Directors
Corporate Governance
Other For AGAINST
5 funds
FOR
1 fund
Takara Standard Co., Ltd. June 24, 2026 Amend Articles to Amend Business Lines - Reduce Directors' Term
Corporate Governance
Other For FOR
7 funds
AGAINST
1 fund
Test Research, Inc. May 27, 2026 Approve Amendments to Procedures Governing the Acquisition or Disposal of Assets
Corporate Governance
Other For FOR
5 funds
AGAINST
1 fund
Tianshan Material Co., Ltd. December 10, 2025 Approve Financial Service Agreement
Corporate Governance
Other For FOR
5 funds
AGAINST
1 fund
Tohoku Electric Power Co., Inc. June 25, 2026 Amend Articles to Abolish Advisory Posts
Corporate Governance
Other Against AGAINST
6 funds
FOR
1 fund
Tokyo Electric Power Co. Holdings, Inc. June 25, 2026 Amend Articles to Add Provision on Health Management of All Workers Engaged in Operations at Nuclear Power Plants
Environment or Climate
Other Against AGAINST
5 funds
FOR
1 fund
Tokyo Electric Power Co. Holdings, Inc. June 25, 2026 Amend Articles to Fully Disclose Data Related to Nuclear Power Plant Safety Reviews
Environment or Climate
Other Against AGAINST
5 funds
FOR
1 fund
Tokyo Electric Power Co. Holdings, Inc. June 25, 2026 Amend Articles to Require Individual Compensation Disclosure for Directors and Executive Officers
Compensation
Other Against AGAINST
5 funds
FOR
1 fund
Tokyo Kiraboshi Financial Group, Inc. June 24, 2026 Amend Articles to Increase Authorized Capital - Remove Provisions on Non-Common Shares
Corporate Governance
Other For FOR
6 funds
AGAINST
1 fund
Tong Hsing Electronics Industries Ltd. May 25, 2026 Amend Trading Procedures Governing Derivatives Products
Corporate Governance
Other For FOR
5 funds
AGAINST
1 fund
Toyo Construction Co., Ltd. November 13, 2025 Amend Articles to Decrease Authorized Capital - Delete References to Record Date
Corporate Governance
Other For FOR
6 funds
AGAINST
1 fund
Toyo Suisan Kaisha, Ltd. June 25, 2026 Approve Restricted Stock Plan
Compensation
Other Against AGAINST
6 funds
FOR
2 funds
Transcontinental Inc. March 10, 2026 Amend By-Laws
Corporate Governance
Other For AGAINST
5 funds
FOR
1 fund
Transfar Zhilian Co., Ltd. May 27, 2026 Approve Signing of Financial Service Agreement
Corporate Governance
Other For FOR
5 funds
AGAINST
1 fund
UNICAJA BANCO S.A. April 9, 2026 AMEND ARTICLE 9.2 AND ADD ARTICLE 9 BIS RE: ALLOW SHAREHOLDER MEETINGS TO BE HELD IN VIRTUAL-ONLY FORMAT
Corporate Governance
Other For FOR
6 funds
AGAINST
1 fund
UNIGROUP GUOXIN MICROELECTRONICS CO., LTD. June 8, 2026 Approve Transaction Constitutes as Related Party Transaction
Extraordinary Transactions
Other For FOR
5 funds
AGAINST
1 fund
UNIQURE N.V. June 10, 2026 Resolution to adopt the amendment to the Articles of Association to reflect Dutch large company regime.
Corporate Governance
Other For FOR
2 funds
AGAINST
1 fund
UNITED ELECTRONICS CO. May 11, 2026 Approve Related Party Transactions with United Home Appliances Company Re: Agreement of Support Services
Extraordinary Transactions
Other For FOR
5 funds
AGAINST
1 fund
VIVID SEATS INC. July 21, 2025 Approval of the adjournment of the Special Meeting to a later date or dates, if necessary, to solicit additional proxies if there are insufficient votes to approve Proposal No. 1.
Corporate Governance
Other For AGAINST
8 funds
FOR
1 fund
VOYAGER TECHNOLOGIES, INC. May 29, 2026 To approve an adjournment of the Annual Meeting, if necessary, to solicit addition proxies if there are not sufficient votes at the time of the Annual Meeting to approve Proposal 3.
Extraordinary Transactions
Other For FOR
12 funds
AGAINST
1 fund
Venustech Group Inc. December 12, 2025 Approve Related Party Transaction
Corporate Governance
Other For FOR
4 funds
AGAINST
1 fund
Volvo AB April 8, 2026 Approve Publication of a Report on Company's Climate Policy Commitments and Alignment with the Paris Agreement
Environment or Climate
Other Against AGAINST
7 funds
FOR
5 funds
WANXIANG QIANCHAO CO LTD April 27, 2026 Approve Financial Services Framework Agreement
Extraordinary Transactions
Other For FOR
4 funds
AGAINST
1 fund
WOLTERS KLUWER N.V. May 21, 2026 Amend Articles of Association
Corporate Governance
Other For FOR
10 funds
AGAINST
9 funds

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← All 20 managers, 2025-2026

How items are matched and positions counted: see the comparison table and the methodology. Built October 18, 2026 from SEC Form N-PX filings.