Home / BlackRock and iShares / MASTER BOND LLC
MASTER BOND LLC
fund voting report, part of BlackRock and iShares
- Vote records reported
- 785year to 30 June 2025
- Against management
- 6.0%32 of 533 marked votes
- Say-on-pay support
- 94.3%for, of for + against + abstain
- Shareholder-proposal support
- 4.5%for, of for + against + abstain
foragainstabstain, withhold or otheramber tick: the portion cast against management
MASTER BOND LLC reported 785 vote records for the year to 30 June 2025. It marked 6.0% of its votes as cast against management (32 of 533), close to the median fund registrant, which was 6.1%.
Weighted by the number of shares voted, the against-management share is 11.2%. 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 94.3% of the section 14A say-on-pay items it reported (the median fund registrant: 91.3%) and it voted for 4.5% of the proposals put forward by security holders (the median fund registrant: 23.5%).
By category, votes against management were most frequent in SECTION 14A SAY-ON-PAY VOTES (11.9% of 42), DIRECTOR ELECTIONS (5.6% of 372) and CORPORATE GOVERNANCE (4.3% of 23).
It reported 279,160 shares out on loan at record dates, 0.71% 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 1,260 fund registrants with at least 25 vote records in the season.
| year to 30 June 2025 | This filer | Median fund registrant | All filers pooled |
|---|---|---|---|
| Against-management share | 6.0% | 6.1% | 9.7% |
| Say-on-pay support rate | 94.3% | 91.3% | 84.3% |
| Shareholder-proposal support rate | 4.5% | 23.5% | 33.0% |
| Shares on loan, share of shares held | 0.71% | 0.00% | 2.20% |
| 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 785 vote records in this filing, 251 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 | 372 | 351 | 13 | 5.6% | |
| SECTION 14A SAY-ON-PAY VOTES | 42 | 33 | 2 | 11.9% | |
| AUDIT-RELATED | 40 | 40 | 0 | 0.0% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 12 | 7 | 5 | 8.3% | |
| EXTRAORDINARY TRANSACTIONS | 3 | 2 | 1 | 33.3% | |
| CAPITAL STRUCTURE | 7 | 4 | 2 | 14.3% | |
| COMPENSATION | 13 | 11 | 2 | 15.4% | |
| CORPORATE GOVERNANCE | 24 | 12 | 11 | 4.3% | |
| ENVIRONMENT OR CLIMATE | 13 | 1 | 12 | 0.0% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 15 | 1 | 14 | 6.7% | |
| DIVERSITY, EQUITY, AND INCLUSION | 12 | 0 | 12 | 0.0% | |
| OTHER SOCIAL ISSUES | 15 | 0 | 15 | 0.0% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 398 | 5.0% | 96.7% | 6.7% | |
| year to 30 June 2025 | 785 | 6.0% | 94.3% | 4.5% |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, MASTER BOND LLC voted against management on 2 of the 35 it marked either way (5.7%) in the year to 30 June 2025.
A further 15 say-on-pay items were reported without a management mark and are left out of both sides of that fraction.
- Caesars Entertainment, Inc. 10 Jun 2025
- Altice USA, Inc. 11 Jun 2025
Shareholder proposals it supported
Of 44 proposals from security holders that could be told apart in the filings and on which it cast a vote, MASTER BOND LLC voted for 2 (4.5%). Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.
| Company | Meeting | Proposal |
|---|---|---|
| Meta Platforms, Inc. | 28 May 2025 | A shareholder proposal regarding dual class capital structure. |
| Walmart Inc. | 5 Jun 2025 | Health and Safety Governance |
Shares on loan
MASTER BOND LLC reported 279,160 shares on loan at record dates against 39.3 million shares voted: 0.71% of the two together. Median fund registrant: 0.00%. 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
1 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 |
|---|---|---|---|---|
| Master Total Return Portfolio | 785 | 6.0% | 94.3% | 4.5% |
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 28 Aug 2025 accession 0001438934-25-002258
- Every N-PX filing by this filer on EDGAR
Questions
How did MASTER BOND LLC vote on executive pay?
In the year to 30 June 2025 MASTER BOND LLC reported 35 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 33 were for (94.3%), 2 against and 0 abstentions. Counting one item per company meeting, it voted against management on 2 of the 35 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 MASTER BOND LLC vote against management?
6.0% of the time in the year to 30 June 2025: 32 of the 533 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 MASTER BOND LLC support shareholder proposals on climate?
In the category ENVIRONMENT OR CLIMATE it reported 12 votes on proposals from security holders in the year to 30 June 2025 and voted for 0 of them (0.0%). Across every category it voted for 4.5% 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 MASTER BOND LLC (filer no. 1264926), 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.