No. Fund shareholders do not get a proxy vote in the underlying stocks. Not with Vanguard or most large funds anyway. The fund votes. And the fund managers and

No. Fund shareholders do not get a proxy vote in the underlying stocks. Not with Vanguard or most large funds anyway. The fund votes. And the fund managers and analysts will have a lot more resources and information on their holdings than fund shareholders. That being said, there are all sorts of problems with the incentives here.