Home / Filers / BAILLIE GIFFORD FUNDS
BAILLIE GIFFORD FUNDS
fund voting report
- Vote records reported
- 10,369year to 30 June 2026
- Against management
- 3.8%339 of 8,881 marked votes
- Say-on-pay support
- 94.4%for, of for + against + abstain
- Shareholder-proposal support
- 30.5%for, of for + against + abstain
foragainstabstain, withhold or otheramber tick: the portion cast against management
For the year to 30 June 2026, BAILLIE GIFFORD FUNDS reported 10,369 vote records on Form N-PX. 339 of the 8,881 votes that were marked for or against management went against management: 3.8%, 2.4 percentage points below the median fund registrant (6.2%).
Weighted by the number of shares voted, the against-management share is 9.2%. 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 94.4% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 30.5% of the proposals put forward by security holders (the median fund registrant: 27.5%).
By category, votes against management were most frequent in SHAREHOLDER RIGHTS AND DEFENSES (48.7% of 78), ENVIRONMENT OR CLIMATE (28.6% of 21) and HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE (18.2% of 22).
Compared with other filers
Each rate is defined once, in the methodology. The median is taken over 1,241 fund registrants with at least 25 vote records in the season.
| year to 30 June 2026 | This filer | Median fund registrant | All filers pooled |
|---|---|---|---|
| Against-management share | 3.8% | 6.2% | 10.6% |
| Say-on-pay support rate | 94.4% | 91.6% | 86.0% |
| Shareholder-proposal support rate | 30.5% | 27.5% | 33.9% |
| Shares on loan, share of shares held | 0.00% | 0.00% | 3.12% |
| Largest families, year to 30 June 2026 | Against management | Say-on-pay support | Shareholder-proposal support |
|---|---|---|---|
| Vanguard | 20.1% | 94.1% | 42.0% |
| BlackRock and iShares | 7.5% | 88.3% | 11.9% |
| Fidelity | 6.0% | 94.7% | 27.6% |
| Dimensional | 16.4% | 78.9% | 57.4% |
| State Street and SPDR | 16.9% | 77.1% | 50.4% |
Of the 10,369 vote records in this filing, 1,372 carry something the form does not expect: a missing vote source or category, a record with no vote line, a meeting date that cannot be read, or a security identifier this site could not use. They are counted as filed. What is checked
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) | Votes | For | Against | Against management | Split |
|---|---|---|---|---|---|
| DIRECTOR ELECTIONS | 3,254 | 3,202 | 30 | 1.6% | |
| SECTION 14A SAY-ON-PAY VOTES | 318 | 287 | 18 | 5.7% | |
| AUDIT-RELATED | 634 | 589 | 25 | 7.2% | |
| INVESTMENT COMPANY MATTERS | 2 | 2 | 0 | 0.0% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 80 | 48 | 26 | 48.7% | |
| EXTRAORDINARY TRANSACTIONS | 180 | 174 | 0 | 3.3% | |
| CAPITAL STRUCTURE | 1,696 | 1,646 | 48 | 3.2% | |
| COMPENSATION | 656 | 611 | 39 | 6.6% | |
| CORPORATE GOVERNANCE | 1,683 | 1,613 | 42 | 4.3% | |
| ENVIRONMENT OR CLIMATE | 23 | 5 | 17 | 28.6% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 22 | 4 | 18 | 18.2% | |
| DIVERSITY, EQUITY, AND INCLUSION | 8 | 2 | 6 | 25.0% | |
| OTHER SOCIAL ISSUES | 65 | 25 | 40 | 3.1% | |
| OTHER | 755 | 714 | 35 | 4.6% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 15,525 | 3.9% | 81.4% | 47.0% | |
| year to 30 June 2025 | 15,119 | 4.1% | 87.8% | 32.3% | |
| year to 30 June 2026 | 10,369 | 3.8% | 94.4% | 30.5% |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, BAILLIE GIFFORD FUNDS voted against management on 8 of the 166 it marked either way (4.8%) in the year to 30 June 2026.
A further 5 say-on-pay items were reported without a management mark and are left out of both sides of that fraction.
- Thermo Fisher Scientific Inc. 20 May 2026
- Chewy, Inc. 10 Jul 2025
- LVMH Moet Hennessy Louis Vuitton SE 23 Apr 2026
- Prosus NV 20 Aug 2025
- Naspers Ltd. 21 Aug 2025
- Kingspan Group Plc 30 Apr 2026
- KGHM Polska Miedz SA 9 Jun 2026
- Ocado Group Plc 28 Apr 2026
Shareholder proposals it supported
Of 82 proposals from security holders that could be told apart in the filings and on which it cast a vote, BAILLIE GIFFORD FUNDS voted for 23 (28.0%). Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.
| Company | Meeting | Proposal |
|---|---|---|
| Amazon.com, Inc. | 20 May 2026 | Shareholder proposal requesting additional reporting on impact of data centers on climate commitments |
| NVIDIA Corporation | 24 Jun 2026 | Approval of a non-binding stockholder proposal requesting the replacement of supermajority voting... |
| Alphabet Inc. | 5 Jun 2026 | Shareholder proposal regarding equal shareholder voting |
| Tesla, Inc. | 6 Nov 2025 | Declassify the Board of Directors |
| Tesla, Inc. | 6 Nov 2025 | Shareholder proposal: CORPORATE GOVERNANCE |
| Meta Platforms, Inc. | 27 May 2026 | Shareholder proposal: OTHER SOCIAL ISSUES |
| Meta Platforms, Inc. | 27 May 2026 | A shareholder proposal regarding disclosure of voting results by share class. |
| Meta Platforms, Inc. | 27 May 2026 | A shareholder proposal regarding report on climate change-related commitments. |
| Meta Platforms, Inc. | 27 May 2026 | A shareholder proposal regarding report on human rights due diligence. |
| Meta Platforms, Inc. | 27 May 2026 | A shareholder proposal regarding dual class capital structure. |
| Snowflake Inc. | 29 Jun 2026 | To consider and vote on, if properly presented at the meeting, a non-binding stockholder proposal... |
| AppLovin Corporation | 3 Jun 2026 | Stockholder proposal regarding disclosure of voting results by class of shares |
| CBRE Group, Inc. | 21 May 2026 | Stockholder proposal regarding our stockholders' ability to call special stockholder meetings. |
| Dollar General Corporation | 28 May 2026 | To vote on a shareholder proposal asking the Board to take the steps necessary to reduce the minimum... |
| Datadog, Inc. | 15 Jun 2026 | The stockholder proposal, if properly presented at the Annual Meeting, requesting the adoption of a simple... |
| Workday, Inc. | 16 Jun 2026 | To consider and vote upon a stockholder proposal regarding disclosure of voting results based on share class. |
| ON Semiconductor Corporation | 14 May 2026 | To vote on a stockholder proposal regarding simple majority voting |
| Markel Group Inc. | 20 May 2026 | Shareholder proposal to give shareholders an ability to call for a special shareholder meeting. |
| Medpace Holdings, Inc. | 15 May 2026 | Stockholder proposal regarding giving shareholders an ability to call for a special shareholder meeting |
| FERRARI N.V. | 15 Apr 2026 | Shareholder proposal: AUDIT-RELATED |
| Moncler SpA | 21 Apr 2026 | Shareholder proposal: AUDIT-RELATED |
| Shimano, Inc. | 24 Mar 2026 | Shareholder Proposal: Approve Purchase of Own Shares |
| KGHM Polska Miedz SA | 20 Jan 2026 | Approve Decision on Covering Costs of Convocation of EGM |
Shares on loan
BAILLIE GIFFORD FUNDS reported no shares on loan for the year to 30 June 2026. 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.
Fund series in this filing
12 series reported votes. A vote record can list several series. Series with 500 or more vote records have their own page.
| Series | Vote records | Against management | Say-on-pay support | Shareholder-proposal support |
|---|---|---|---|---|
| Baillie Gifford China Equities Fund | 1,427 | 2.2% | not reported | not reported |
| Baillie Gifford International Alpha Fund | 1,424 | 3.3% | 94.9% | 20.0% |
| Baillie Gifford Global Alpha Equities Fund | 1,374 | 4.5% | 95.3% | 29.2% |
| Baillie Gifford Emerging Markets Equities Fund | 1,284 | 4.3% | 83.3% | not reported |
| Baillie Gifford International Growth Fund | 1,173 | 2.3% | 97.5% | not reported |
| Baillie Gifford Emerging Markets ex China Fund | 1,054 | 6.2% | 90.0% | not reported |
| Baillie Gifford International All Cap Fund | 520 | 4.2% | 86.7% | 14.3% |
| Baillie Gifford International Concentrated Growth Equities Fund | 483 | 1.3% | 95.5% | 33.3% |
| Baillie Gifford US Equity Growth Fund | 456 | 4.9% | 97.7% | 29.8% |
| Baillie Gifford Long Term Global Growth Fund | 450 | 2.5% | 100.0% | 26.7% |
| Baillie Gifford EAFE Plus All Cap Fund | 398 | 5.3% | 85.7% | not reported |
| Baillie Gifford Developed EAFE All Cap Fund | 326 | 6.9% | 85.7% | not reported |
The filings
These figures are read from the filer's own Form N-PX. If a vote on this page looks wrong, the filing is the record: a dispute about a filed vote is a matter for the filer, and an error in how this site read the filing is a matter for corrections.
- N-PX filed 26 Aug 2026 accession 0000930413-26-002706
- Every N-PX filing by this filer on EDGAR
Questions
How did BAILLIE GIFFORD FUNDS vote on executive pay?
In the year to 30 June 2026 BAILLIE GIFFORD FUNDS reported 304 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 287 were for (94.4%), 16 against and 1 abstentions. Counting one item per company meeting, it voted against management on 8 of the 166 say-on-pay items it marked either way. A further 5 say-on-pay items were reported without a management mark and are not counted in that figure.
How often does BAILLIE GIFFORD FUNDS vote against management?
3.8% of the time in the year to 30 June 2026: 339 of the 8,881 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 BAILLIE GIFFORD FUNDS support shareholder proposals on climate?
In the category ENVIRONMENT OR CLIMATE it reported 23 votes on proposals from security holders in the year to 30 June 2026 and voted for 5 of them (21.7%). Across every category it voted for 30.5% 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 this filer 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 by BAILLIE GIFFORD FUNDS (filer no. 1120543), read as filed and not verified by the SEC. Amended filings replace the filings they amend. Filings read through 23 Sep 2026; page built 26 Sep 2026.