EX-99.77C VOTES 3 vsp0909votingresults.txt PROXY VOTING RESULTS Vanguard Specialized Funds Proxy Voting Results At a special meeting of shareholders on July 2, 2009, fund shareholders approved the following two proposals: Proposal 1- Elect trustees for the fund.* ELECT TRUSTEES FOR EACH FUND* The individuals listed in the table below were elected as trustees for the fund. All trustees with the exception of Messrs. McNabb and Volanakis (both of whom already served as directors of The Vanguard Group, Inc.) served as trustees to the fund prior to the shareholder meeting. Trustee For Withheld Percentage For John J. Brennan 831,083,148 23,429,009 97.3% Charles D. Ellis 815,919,984 38,592,173 95.5% Emerson U. Fullwood 818,220,903 36,291,254 95.8% Rajiv L. Gupta 827,792,136 26,720,020 96.9% Amy Gutmann 828,576,544 25,935,613 97.0% JoAnn Heffernan Heisen 827,968,189 26,543,968 96.9% F. William McNabb III 830,218,855 24,293,302 97.2% Andre F. Perold 817,862,692 36,649,465 95.7% Alfred M. Rankin, Jr. 827,956,891 26,555,266 96.9% Peter F. Volanakis 829,990,273 24,521,884 97.1% * Results are for all funds within the same trust. Proposal 2: - Update and standardize the funds' fundamental policies regarding: (a) Purchasing and selling real estate. (b) Issuing senior securities. (c) Borrowing money. (d) Making loans. (e) Purchasing and selling commodities. (f) Concentrating investments in a particular industry or group of industries. (g) Eliminating outdated fundamental investment policies not required by law. The revised fundamental policies are clearly stated and simple, yet comprehensive, making oversight and compliance more efficient than under the former policies. The revised fundamental policies will allow the funds to respond more quickly to regulatory and market changes, while avoiding the costs and delays associated with successive shareholder meetings. For Abstain Against Broker Percentage Non-Votes For Dividend Growth Fund 2a 108,237,371 2,293,481 3,430,388 12,519,439 85.6% 2b 107,882,672 2,618,607 3,459,961 12,519,438 85.3% 2c 106,550,582 2,523,259 4,887,397 12,519,440 84.2% 2d 106,702,953 2,508,079 4,750,206 12,519,441 84.4% 2e 107,041,444 2,450,215 4,469,581 12,519,439 84.6% 2f 107,620,477 2,552,209 3,788,557 12,519,435 85.1% 2g 108,820,239 2,425,022 2,715,978 12,519,439 86.0% Dividend Appreciation Index Fund 2a 22,169,112 230,160 196,697 6,803,503 75.4% 2b 21,047,987 235,170 1,312,811 6,803,504 71.6% 2c 20,847,897 232,925 1,515,148 6,803,502 70.9% 2d 20,849,737 234,440 1,511,793 6,803,502 70.9% 2e 21,040,557 229,007 1,326,404 6,803,503 71.6% 2f 22,115,379 225,464 255,126 6,803,502 75.2% 2g 21,044,892 264,523 1,286,553 6,803,503 71.6% Energy Fund 2a 87,452,195 1,752,459 4,167,390 7,129,359 87.0% 2b 86,954,067 2,133,370 4,284,026 7,129,939 86.5% 2c 85,576,893 1,966,328 5,828,820 7,129,361 85.1% 2d 85,805,313 1,993,351 5,573,377 7,129,361 85.4% 2e 86,900,004 1,861,880 4,610,157 7,129,361 86.5% 2f 88,148,381 1,878,298 3,345,364 7,129,359 87.7% 2g 88,023,467 1,944,976 3,403,601 7,129,359 87.6% Health Care Fund 2a 170,766,604 3,507,534 10,319,558 16,898,995 84.8% 2b 170,338,340 4,557,458 9,697,893 16,898,999 84.5% 2c 167,481,321 4,153,181 12,959,190 16,898,998 83.1% 2d 167,879,486 4,210,105 12,504,100 16,898,999 83.3% 2e 167,828,948 3,976,004 12,788,739 16,898,999 83.3% 2f 172,469,110 4,033,283 8,091,302 16,898,996 85.6% 2g 173,947,079 4,077,764 6,568,852 16,898,994 86.3% Precious Metals and Mining Fund 2a 90,338,393 1,775,013 5,697,112 8,321,718 85.1% 2b 89,548,119 2,225,835 6,036,560 8,321,721 84.4% 2c 88,386,610 2,064,020 7,359,883 8,321,722 83.3% 2d 88,318,725 2,175,115 7,316,675 8,321,720 83.2% 2e 91,870,981 1,936,694 4,002,840 8,321,721 86.6% 2f 92,204,024 2,160,349 3,446,140 8,321,722 86.9% 2g 91,058,902 3,081,657 3,669,957 8,321,719 85.8% REIT Index Fund 2a 245,175,011 5,324,189 4,192,844 30,095,260 86.1% 2b 242,279,392 5,982,504 6,428,547 30,096,861 85.1% 2c 240,782,413 5,627,046 8,280,988 30,096,857 84.5% 2d 241,209,974 5,737,958 7,744,113 30,095,259 84.7% 2e 240,641,611 5,678,485 8,371,945 30,095,263 84.5% 2f 243,656,578 5,712,283 5,323,182 30,095,261 85.6% 2g 243,565,140 6,346,764 4,780,133 30,095,266 85.5% Proposal 3 - Institute procedures to prevent holding investments in companies that, in the judgment of the board, substantially contribute to genocide or crimes against humanity, the most egregious violations of human rights. The trustees recommended a vote against this proposal because it called for procedures that duplicate existing practices and procedures of the Vanguard funds. For Abstain Against Broker Percentage Non-Votes For Health Care Fund 28,323,289 5,906,193 150,360,063 16,903,145 14.1% For Abstain Against Broker Percentage Non-Votes For Precious Metals 14,729,424 3,285,886 79,795,203 8,321,722 13.9% and Mining Fund For Abstain Against Broker Percentage Non-Votes For REIT Index Fund 35,113,066 9,174,865 210,360,878 30,138,495 12.3%