Sometimes we will vote with management, and sometimes against. I hope this information has been helpful to you. An Associate will be pleased to assist you. The Vanguard Group Putnam does not have an e-mail address at this time and Capital Management and Research does not appear to have a WEB site. A mutual fund votes on proxies it receives from its stock portfolio.
Many mutual funds have proxy voting guidelines.
Some merely vote for Corporate management positions. Write your mutual fund and request a copy of their guidelines. If you don't like your mutual fund's voting guidelines, write and urge them to be more socially responsible or find a more responsible mutual fund. This year there are resolutions addressing standards of conduct for global operations, equal employment opportunity, insurance company investments in the tobacco industry, environmental performance, and executive compensation, just to name a few. These Guidelines not only reflect how the Fund will vote its shares on various issues of concern to socially responsible investors, they are meant to be a tool for social investors to use in voting the shares of stock they may hold individually.