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Form N-PX · fund family2 filers grouped

ProShares and ProFunds

Fund registrants and adviser entities grouped under ProShares and ProFunds by this site's alias table

Vote records reported
360,537year to 30 June 2026
Against management
9.9%35,308 of 357,968 marked votes
Say-on-pay support
88.5%for, of for + against + abstain
Shareholder-proposal support
40.9%for, of for + against + abstain
88.9% for5.7% against5.4% other9.9% against management358,444 votes

foragainstabstain, withhold or otheramber tick: the portion cast against management

For the year to 30 June 2026, ProShares and ProFunds reported 360,537 vote records on Form N-PX. 35,308 of the 357,968 votes that were marked for or against management went against management: 9.9%, 2.1 percentage points above the median of the fund families tracked here (7.8%).

Weighted by the number of shares voted, the against-management share is 6.9%. The two figures differ when the votes against management fall on larger or smaller holdings than the rest.

On pay and on shareholder proposals: it voted for 88.5% of the section 14A say-on-pay items it reported (the median of the fund families tracked here: 88.2%) and it voted for 40.9% of the proposals put forward by security holders (the median of the fund families tracked here: 30.7%).

By category, votes against management were most frequent in COMPENSATION (26.4% of 13,260), CORPORATE GOVERNANCE (25.8% of 15,860) and SHAREHOLDER RIGHTS AND DEFENSES (25.2% of 1,272).

It reported 32.3 million shares out on loan at record dates, 0.52% of the shares it held or had lent across the meetings it reported. Shares on loan are not voted.

Compared with other filers

Each rate is defined once, in the methodology. The median is taken over 60 families with at least 25 vote records in the season.

year to 30 June 2026This familyMedian familyAll filers pooled
Against-management share9.9%7.8%10.6%
Say-on-pay support rate88.5%88.2%86.0%
Shareholder-proposal support rate40.9%30.7%33.9%
Shares on loan, share of shares held0.52%1.53%3.12%
Largest families, year to 30 June 2026Against managementSay-on-pay supportShareholder-proposal support
Vanguard20.1%94.1%42.0%
BlackRock and iShares7.5%88.3%11.9%
Fidelity6.0%94.7%27.6%
Dimensional16.4%78.9%57.4%
State Street and SPDR16.9%77.1%50.4%

Votes by category

Filers choose one or more categories for each vote, so a vote can appear in more than one row. Category names are printed as Form N-PX defines them.

Category (as the form names it)VotesForAgainstAgainst managementSplit
DIRECTOR ELECTIONS247,517225,0795,6779.0%
SECTION 14A SAY-ON-PAY VOTES34,59328,3323,69811.5%
AUDIT-RELATED34,13334,053710.2%
INVESTMENT COMPANY MATTERS222200.0%
SHAREHOLDER RIGHTS AND DEFENSES1,2941,09419925.2%
EXTRAORDINARY TRANSACTIONS3,1322,7993338.9%
CAPITAL STRUCTURE5,9665,41055612.4%
COMPENSATION13,2899,6993,56326.4%
CORPORATE GOVERNANCE16,06913,0682,97625.8%
ENVIRONMENT OR CLIMATE2,1432251,9184.3%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE9662027649.4%
DIVERSITY, EQUITY, AND INCLUSION1,2761111,1650.0%
OTHER SOCIAL ISSUES2,9645232,44110.8%
OTHER127107209.4%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 2024319,6639.9%89.2%46.1%
year to 30 June 2025334,2058.9%89.3%35.7%
year to 30 June 2026360,5379.9%88.5%40.9%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, ProShares and ProFunds voted against management on 309 of the 2,537 it marked either way (12.2%) in the year to 30 June 2026. The 40 companies with the most reporting filers are listed.

A further 1 say-on-pay item was reported without a management mark and are left out of both sides of that fraction.

Shareholder proposals it supported

Of 517 proposals from security holders that could be told apart in the filings and on which it cast a vote, ProShares and ProFunds voted for 234 (45.3%). The 40 at the companies with the most reporting filers are listed. Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.

CompanyMeetingProposal
Microsoft Corporation5 Dec 2025Report on Human Rights Due Diligence
Microsoft Corporation5 Dec 2025Report on Data Operations in Human Rights Hotspots
NVIDIA Corporation24 Jun 2026Approval of a non-binding stockholder proposal requesting the replacement of supermajority voting...
Alphabet Inc.5 Jun 2026Shareholder proposal regarding a report on AI data usage oversight
Alphabet Inc.5 Jun 2026Shareholder proposal regarding equal shareholder voting
Visa Inc.27 Jan 2026Shareholder proposal on shareholder right to act by written consent.
JPMorgan Chase & Co.19 May 2026Independent board chairman
Mastercard Incorporated16 Jun 2026Consideration of a stockholder proposal regarding shareholder right to act by written consent
Eli Lilly and Company4 May 2026Shareholder proposal to adopt a policy and amend the bylaws to require an independent board chair.
AbbVie Inc.8 May 2026Stockholder Proposal - to Adopt a Policy to Require an Independent Chair
Netflix, Inc.4 Jun 2026Stockholder proposal entitled, "Proposal 4 - Shareholder Right to Act by Written Consent,"
Bank of America Corporation4 May 2026Shareholder proposal requesting independent board chair
Tesla, Inc.6 Nov 2025A shareholder proposal to seek shareholder approval before adopting an amendment to the bylaws pursuant to...
Tesla, Inc.6 Nov 2025Declassify the Board of Directors
Tesla, Inc.6 Nov 2025Shareholder proposal: CORPORATE GOVERNANCE
Advanced Micro Devices, Inc.13 May 2026Stockholder proposal requesting changes to the stockholder right to call a special meeting.
McDonald's Corporation20 May 2026Advisory Vote on Shareholders' Right to Act by Written Consent.
NextEra Energy, Inc.21 May 2026Report on Plans to Reduce and Align GHG Emissions with Paris Agreement Goals
QUALCOMM Incorporated17 Mar 2026Stockholder proposal entitled "Shareholder Ability to Call for a Special Meeting."
International Business Machines Corporation28 Apr 2026Stockholder Proposal Requesting a Right to Act by Written Consent
CATERPILLAR INC.10 Jun 2026Shareholder Proposal - Shareholder Right to Act by Written Consent
AT&T INC.14 May 2026Shareholder Right to Act by Written Consent
Wells Fargo & Company28 Apr 2026Require Independent Board Chair
Wells Fargo & Company28 Apr 2026Shareholder Proposal - Govern by Majority Vote.
ServiceNow, Inc.21 May 2026Shareholder proposal regarding shareholder right to act by written consent.
Texas Instruments Incorporated16 Apr 2026Stockholder proposal to permit stockholders to act by written consent.
ConocoPhillips12 May 2026Stockholder Proposal - Independent Board Chairman.
The Goldman Sachs Group, Inc.29 Apr 2026Shareholder Proposal Regarding Lobbying Disclosure
The Goldman Sachs Group, Inc.29 Apr 2026Shareholder Proposal Regarding Special Shareholder Meeting Thresholds
Morgan Stanley14 May 2026Shareholder proposal requesting an independent Board Chairman
HONEYWELL INTERNATIONAL INC.22 May 2026Shareowner Proposal - Shareholder Right to Act by Written Consent.
Comcast Corporation10 Jun 2026Adopt policy to have an independent chair
PALANTIR TECHNOLOGIES INC.3 Jun 2026Stockholder proposal entitled "Political Spending Disclosure,"
S&P Global Inc.20 May 2026Vote on a shareholder proposal to reduce the stock ownership threshold for calling a special shareholder...
Deere & Company25 Feb 2026Shareholder proposal on shareholder right to act by written consent
Starbucks Corporation25 Mar 2026Shareholder proposal requesting supermajority shareholder voting requirements be replaced with majority...
THE BOEING COMPANY17 Apr 2026Action by Written Consent.
LOCKHEED MARTIN CORPORATION12 May 2026Stockholder Proposal Requiring Independent Board Chairman
Micron Technology, Inc.15 Jan 2026Reduce Ownership Threshold for Shareholders to Call Special Meeting
Palo Alto Networks, Inc.9 Dec 2025To consider and vote upon a shareholder proposal, if properly presented at the Annual Meeting, regarding...

Shares on loan

ProShares and ProFunds reported 32.3 million shares on loan at record dates against 6.20 billion shares voted: 0.52% of the two together. Median family: 1.53%. Shares lent out at the record date cannot be voted by the lender, which is why Form N-PX asks for the figure. More on lending and votes.

Filers grouped under this family

Grouping is by registrant and manager name, from a hand-maintained table. See the methodology.

FilerTypeVote records, year to 30 June 2026
PROSHARES TRUSTfund registrant191,864
ProFundsfund registrant168,673

Questions

How did ProShares and ProFunds vote on executive pay?

In the year to 30 June 2026 ProShares and ProFunds reported 32,030 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 28,332 were for (88.5%), 3,698 against and 0 abstentions. Counting one item per company meeting, it voted against management on 309 of the 2,537 say-on-pay items it marked either way. A further 1 say-on-pay item was reported without a management mark and are not counted in that figure.

How often does ProShares and ProFunds vote against management?

9.9% of the time in the year to 30 June 2026: 35,308 of the 357,968 votes it marked as for or against management. Form N-PX asks each filer to state, vote by vote, whether the vote was for or against management's recommendation; this figure counts those marks.

Did ProShares and ProFunds support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 2,010 votes on proposals from security holders in the year to 30 June 2026 and voted for 92 of them (4.6%). Across every category it voted for 40.9% of security-holder proposals. Filers choose the category for each vote, so the same proposal can sit in different categories in different filings.

Is this the result of the meetings?

No. Form N-PX shows how this filer voted the shares it held. It does not show how other shareholders voted or whether a proposal was approved. Companies report certified results separately, on Form 8-K.

Where does the data come from?

From the Form N-PX filings of the registrants and managers grouped under this family on the SEC's EDGAR system, read as filed. The SEC does not verify the contents. Amended filings (N-PX/A) replace the filings they amend. Data on this page runs through 23 Sep 2026.

Provenance: SEC EDGAR, Form N-PX and N-PX/A filings of the filers listed above, read as filed and not verified by the SEC. Filings read through 23 Sep 2026; page built 26 Sep 2026.