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Form N-PX · fund registrantSEC filer no. 1413594

abrdn Funds

fund voting report

Vote records reported
9,988year to 30 June 2026
Against management
15.2%1,469 of 9,670 marked votes
Say-on-pay support
30.1%for, of for + against + abstain
Shareholder-proposal support
54.1%for, of for + against + abstain
83.3% for12.7% against4.1% other15.2% against management9,952 votes

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

For the year to 30 June 2026, abrdn Funds reported 9,988 vote records on Form N-PX. 1,469 of the 9,670 votes that were marked for or against management went against management: 15.2%, 9.0 percentage points above the median fund registrant (6.2%).

Weighted by the number of shares voted, the against-management share is 16.6%. 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 30.1% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 54.1% of the proposals put forward by security holders (the median fund registrant: 27.5%).

By category, votes against management were most frequent in SECTION 14A SAY-ON-PAY VOTES (65.3% of 285), ENVIRONMENT OR CLIMATE (30.2% of 43) and AUDIT-RELATED (27.7% of 639).

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 2026This filerMedian fund registrantAll filers pooled
Against-management share15.2%6.2%10.6%
Say-on-pay support rate30.1%91.6%86.0%
Shareholder-proposal support rate54.1%27.5%33.9%
Shares on loan, share of shares held0.00%0.00%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 ELECTIONS4,3343,75128711.4%
SECTION 14A SAY-ON-PAY VOTES2858018665.3%
AUDIT-RELATED65647517427.7%
INVESTMENT COMPANY MATTERS2200.0%
SHAREHOLDER RIGHTS AND DEFENSES236453.3%
EXTRAORDINARY TRANSACTIONS105801723.8%
CAPITAL STRUCTURE1,3881,2651138.9%
COMPENSATION1,01379219021.0%
CORPORATE GOVERNANCE2,4472,14624111.8%
ENVIRONMENT OR CLIMATE43132530.2%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE1510526.7%
DIVERSITY, EQUITY, AND INCLUSION216150.0%
OTHER SOCIAL ISSUES6528373.1%
OTHER11098128.3%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 20249,69012.1%41.1%65.4%
year to 30 June 20259,26111.9%39.3%51.9%
year to 30 June 20269,98815.2%30.1%54.1%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, abrdn Funds voted against management on 110 of the 163 it marked either way (67.5%) in the year to 30 June 2026. The 40 companies with the most reporting filers are listed.

Shareholder proposals it supported

Of 103 proposals from security holders that could be told apart in the filings and on which it cast a vote, abrdn Funds voted for 52 (50.5%). 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 reporting on greenhouse gas emissions from the...
NVIDIA Corporation24 Jun 2026Approval of a non-binding stockholder proposal requesting the replacement of supermajority voting...
JPMorgan Chase & Co.19 May 2026Independent board chairman
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
Bank of America Corporation4 May 2026Shareholder proposal requesting independent board chair
NextEra Energy, Inc.21 May 2026Report on Plans to Reduce and Align GHG Emissions with Paris Agreement Goals
The Goldman Sachs Group, Inc.29 Apr 2026Shareholder Proposal Regarding Disclosure of Energy Supply Ratio
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
Lowe's Companies, Inc.29 May 2026Shareholder Proposal requesting an independent board chairman.
Lowe's Companies, Inc.29 May 2026Shareholder Proposal requesting a report describing how the Company could disclose its plastic packaging...
S&P Global Inc.20 May 2026Vote on a shareholder proposal to reduce the stock ownership threshold for calling a special shareholder...
LOCKHEED MARTIN CORPORATION12 May 2026Stockholder Proposal Requiring Independent Board Chairman
Analog Devices, Inc.11 Mar 2026To consider a shareholder proposal
Mondelez International, Inc.20 May 2026Shareholder proposal requesting adoption of an independent board chairman policy
Boston Scientific Corporation30 Apr 2026Stockholder proposal titled "Give Shareholders the Ability to Call for a Special Shareholder Meeting."
Target Corporation10 Jun 2026Require Independent Board Chair
FedEx Corporation29 Sep 2025Stockholder proposal regarding independent board chairman.
O'Reilly Automotive, Inc.14 May 2026Shareholder proposal entitled "Avoid Brand Damage due to Corporate Political Spending."
Marvell Technology, Inc.25 Jun 2026To consider and act on one stockholder proposal, entitled "Independent Board Chairman"
Equinix, Inc.13 May 2026Consideration and vote upon a stockholder proposal, if properly presented at the Annual Meeting, related...
Digital Realty Trust, Inc.29 May 2026A stockholder proposal regarding enhanced water risk disclosure
FirstEnergy Corp.20 May 2026Independent Board Chairman
CMS Energy Corporation8 May 2026Vote on a Shareholder Proposal: Shareholder Right to Act by Written Consent.
Meritage Homes Corporation21 May 2026Shareholder proposal to improve shareholder ability to call for a special shareholder meeting.
ArcBest Corporation24 Apr 2026A shareholder proposal to approve GHG emissions reduction targets
Contemporary Amperex Technology Co., Ltd.25 Dec 2025Shareholder proposal: CAPITAL STRUCTURE
FinecoBank SpA29 Apr 2026Shareholder proposal: AUDIT-RELATED
FinecoBank SpA29 Apr 2026Shareholder proposal: CORPORATE GOVERNANCE
PT Bank Mandiri (Persero) Tbk19 Dec 2025Amend Articles of Association
PT Bank Mandiri (Persero) Tbk19 Dec 2025Approve Delegation of Authority for Approval of the 2026 Company Work Plan and Budget
Petroleo Brasileiro SA16 Apr 2026Shareholder proposal: AUDIT-RELATED
PT Bank Rakyat Indonesia (Persero) Tbk17 Dec 2025Shareholder proposal: CORPORATE GOVERNANCE
PT Bank Rakyat Indonesia (Persero) Tbk10 Apr 2026Amend Articles of Association
EDP Renovaveis SA13 Apr 2026Shareholder proposal: CORPORATE GOVERNANCE
Itausa SA30 Apr 2026Shareholder proposal: AUDIT-RELATED
PT Bank Negara Indonesia (Persero) Tbk15 Dec 2025Amend Articles of Association

Shares on loan

abrdn 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

16 series reported votes. A vote record can list several series. Series with 500 or more vote records have their own page.

SeriesVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
abrdn Dynamic Dividend Fund1,36815.7%18.2%43.8%
S0000727561,12515.9%not reported50.0%
Abrdn Emerging Markets Dividend Active ETF1,05614.4%not reported47.1%
abrdn Emerging Markets Fund1,0139.7%not reported57.1%
abrdn Global Infrastructure Fund91216.3%20.0%83.3%
abrdn Emerging Markets ex-China Fund8848.9%not reportednot reported
abrdn EM SMA Completion Fund65214.5%not reported42.9%
abrdn U.S. Sustainable Leaders Fund54220.5%18.4%30.0%
Abrdn International Small Cap Active ETF5127.9%not reported100.0%
abrdn U.S. Small Cap Equity Fund50918.3%32.7%not reported
S00002031237319.3%28.9%not reported
abrdn Focused U.S. Small Cap Active ETF37319.3%28.9%not reported
abrdn Real Estate Fund29019.0%80.0%not reported
abrdn China A Share Equity Fund27533.5%not reportednot reported
abrdn International Small Cap Fund1009.0%not reportednot reported
abrdn Focused Emerging Markets ex-China Fund425.0%not reportednot 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.

Questions

How did abrdn Funds vote on executive pay?

In the year to 30 June 2026 abrdn Funds reported 266 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 80 were for (30.1%), 186 against and 0 abstentions. Counting one item per company meeting, it voted against management on 110 of the 163 say-on-pay items it marked either way.

How often does abrdn Funds vote against management?

15.2% of the time in the year to 30 June 2026: 1,469 of the 9,670 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 abrdn Funds support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 31 votes on proposals from security holders in the year to 30 June 2026 and voted for 7 of them (22.6%). Across every category it voted for 54.1% 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 abrdn Funds (filer no. 1413594), 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.