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Home / Families / Russell Investments / year to 30 June 2025

Form N-PX · fund family · year to 30 June 20254 filers grouped

Russell Investments

One season of the Russell Investments record. The family page shows the latest season.

Vote records reported
173,474year to 30 June 2025
Against management
8.0%13,268 of 165,209 marked votes
Say-on-pay support
86.1%for, of for + against + abstain
Shareholder-proposal support
32.9%for, of for + against + abstain
87.4% for7.6% against5.0% other8.0% against management172,391 votes

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

Russell Investments reported 173,474 vote records for the year to 30 June 2025. It marked 8.0% of its votes as cast against management (13,268 of 165,209), close to the median of the fund families tracked here, which was 7.6%.

Weighted by the number of shares voted, the against-management share is 10.1%. 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 86.1% of the section 14A say-on-pay items it reported (the median of the fund families tracked here: 88.8%) and it voted for 32.9% of the proposals put forward by security holders (the median of the fund families tracked here: 29.5%).

By category, votes against management were most frequent in SHAREHOLDER RIGHTS AND DEFENSES (36.1% of 1,398), DIVERSITY, EQUITY, AND INCLUSION (22.7% of 330) and HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE (20.7% of 314).

It reported 22.5 million shares out on loan at record dates, 0.11% 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 2025This familyMedian familyAll filers pooled
Against-management share8.0%7.6%9.7%
Say-on-pay support rate86.1%88.8%84.3%
Shareholder-proposal support rate32.9%29.5%33.0%
Shares on loan, share of shares held0.11%0.85%2.20%
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 ELECTIONS88,56180,0954,2506.7%
SECTION 14A SAY-ON-PAY VOTES18,59514,9072,39113.6%
AUDIT-RELATED11,57611,2621070.9%
INVESTMENT COMPANY MATTERS1501540.0%
SHAREHOLDER RIGHTS AND DEFENSES1,5131,26418836.1%
EXTRAORDINARY TRANSACTIONS1,044961763.8%
CAPITAL STRUCTURE14,33912,9959867.1%
COMPENSATION12,0779,7321,67912.8%
CORPORATE GOVERNANCE21,99518,5251,7437.4%
ENVIRONMENT OR CLIMATE89621066715.1%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE3146524920.7%
DIVERSITY, EQUITY, AND INCLUSION3317325222.7%
OTHER SOCIAL ISSUES1,11256155017.7%
OTHER231211not reported

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 2024161,7027.6%84.7%35.3%
year to 30 June 2025173,4748.0%86.1%32.9%
year to 30 June 2026185,2578.5%86.3%40.9%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, Russell Investments voted against management on 361 of the 2,287 it marked either way (15.8%) in the year to 30 June 2025. The 40 companies with the most reporting filers are listed.

A further 15 say-on-pay items were reported without a management mark and are left out of both sides of that fraction.

Shareholder proposals it supported

Of 646 proposals from security holders that could be told apart in the filings and on which it cast a vote, Russell Investments voted for 227 (35.1%). 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 Corporation10 Dec 2024Report on Risks of Weapons Development
Microsoft Corporation10 Dec 2024Report on AI Misinformation and Disinformation
Microsoft Corporation10 Dec 2024Report on AI Data Sourcing Accountability
Amazon.com, Inc.21 May 2025Shareholder proposal requesting a report on warehouse working conditions
Amazon.com, Inc.21 May 2025Shareholder Proposal Regarding Separation of CEO and Chair Positions
NVIDIA Corporation25 Jun 2025S/H Proposal - Corporate Governance
Meta Platforms, Inc.28 May 2025A shareholder proposal regarding disclosure of voting results based on class of shares.
Meta Platforms, Inc.28 May 2025A shareholder proposal regarding report on hate targeting marginalized communities.
Meta Platforms, Inc.28 May 2025A shareholder proposal regarding report on child safety impacts and actual harm reduction to children.
Meta Platforms, Inc.28 May 2025A shareholder proposal regarding report on data collection and advertising practices.
Meta Platforms, Inc.28 May 2025A shareholder proposal regarding dual class capital structure.
Visa Inc.28 Jan 2025S/H Proposal - Corporate Governance
JPMorgan Chase & Co.20 May 2025Support for an independent board chairman
UnitedHealth Group Incorporated2 Jun 2025If properly presented at the 2025 Annual Meeting of Shareholders, the shareholder proposal requesting a...
The Home Depot, Inc.22 May 2025Shareholder Proposal Regarding Independent Board Chair
Merck & Co., Inc.27 May 2025Shareholder proposal regarding a tax transparency report.
Netflix, Inc.5 Jun 2025Shareholder proposal: CORPORATE GOVERNANCE
Walmart Inc.5 Jun 2025Racial Equity Audit
PEPSICO, INC.7 May 2025Shareholder Proposal - Third-Party Racial Equity Audit.
Adobe Inc.22 Apr 2025Stockholder Proposal Regarding Vote on Golden Parachutes.
McDonald's Corporation20 May 2025Advisory Vote on Disclosure on Climate Transition Plans.
Comcast Corporation18 Jun 2025Adopt policy for an independent chair
International Business Machines Corporation29 Apr 2025Stockholder Proposal to Support Transparency in Lobbying
Wells Fargo & Company29 Apr 2025Shareholder Proposal - Annual Report on Prevention of Workplace Harassment and Discrimination.
Wells Fargo & Company29 Apr 2025Shareholder Proposal - Energy Supply Ratio.
RTX CORPORATION1 May 2025Shareowner Proposal Requesting a Lobbying Transparency Report
Texas Instruments Incorporated17 Apr 2025Stockholder proposal to permit a combined 10% of stockholders to call a special meeting.
HONEYWELL INTERNATIONAL INC.20 May 2025Shareowner Proposal - Independent Board Chairman.
Starbucks Corporation12 Mar 2025Shareholder proposal regarding independent board chair requirements
Stryker Corporation8 May 2025Shareholder Proposal to Support Transparency in Political Spending.
Advanced Micro Devices, Inc.14 May 2025Amend Right to Call Special Meeting
Gilead Sciences, Inc.7 May 2025To vote on a stockholder proposal requesting a comprehensive human rights policy and human rights due...
Gilead Sciences, Inc.7 May 2025To vote on a stockholder proposal requesting an independent Board Chair policy
The Charles Schwab Corporation22 May 2025Stockholder proposal requesting declassification of the board of directors
Deere & Company26 Feb 2025Shareholder proposal on a civil rights audit
DUKE ENERGY CORPORATION1 May 2025Shareholder proposal regarding support simple majority vote
LOCKHEED MARTIN CORPORATION9 May 2025Stockholder Proposal Requesting Shareholder Approval Requirement for Excessive Golden Parachutes
United Parcel Service, Inc.8 May 2025To take steps to reduce the voting power of UPS class A stock from 10 votes per share to one vote per share.
PayPal Holdings, Inc.5 Jun 2025Stockholder Proposal - Reduce Threshold to Call Special Meetings of Stockholders.
Booking Holdings Inc.3 Jun 2025Reduce Ownership Threshold for Shareholders to Call Special Meeting

Shares on loan

Russell Investments reported 22.5 million shares on loan at record dates against 21.20 billion shares voted: 0.11% of the two together. Median family: 0.85%. 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.

Questions

How did Russell Investments vote on executive pay?

In the year to 30 June 2025 Russell Investments reported 17,322 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 14,907 were for (86.1%), 2,391 against and 24 abstentions. Counting one item per company meeting, it voted against management on 361 of the 2,287 say-on-pay items it marked either way. A further 15 say-on-pay items were reported without a management mark and are not counted in that figure.

How often does Russell Investments vote against management?

8.0% of the time in the year to 30 June 2025: 13,268 of the 165,209 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 Russell Investments support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 788 votes on proposals from security holders in the year to 30 June 2025 and voted for 121 of them (15.4%). Across every category it voted for 32.9% 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.

Back to the Russell Investments family page · All filers in the year to 30 June 2025

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