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Bridge Builder Trust
fund voting report
- Vote records reported
- 86,562year to 30 June 2026
- Against management
- 7.0%6,109 of 87,329 marked votes
- Say-on-pay support
- 89.6%for, of for + against + abstain
- Shareholder-proposal support
- 31.8%for, of for + against + abstain
foragainstabstain, withhold or otheramber tick: the portion cast against management
Bridge Builder Trust reported 86,562 vote records for the year to 30 June 2026. It marked 7.0% of its votes as cast against management (6,109 of 87,329), close to the median fund registrant, which was 6.2%.
Weighted by the number of shares voted, the against-management share is 5.7%. 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 89.6% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 31.8% of the proposals put forward by security holders (the median fund registrant: 27.5%).
By category, votes against management were most frequent in INVESTMENT COMPANY MATTERS (56.5% of 23), SHAREHOLDER RIGHTS AND DEFENSES (30.9% of 304) and DIVERSITY, EQUITY, AND INCLUSION (20.8% of 24).
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 | 7.0% | 6.2% | 10.6% |
| Say-on-pay support rate | 89.6% | 91.6% | 86.0% |
| Shareholder-proposal support rate | 31.8% | 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% |
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 | 54,509 | 50,537 | 1,983 | 7.0% | |
| SECTION 14A SAY-ON-PAY VOTES | 7,482 | 6,254 | 722 | 10.5% | |
| AUDIT-RELATED | 7,929 | 7,858 | 44 | 0.5% | |
| INVESTMENT COMPANY MATTERS | 23 | 10 | 13 | 56.5% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 316 | 230 | 72 | 30.9% | |
| EXTRAORDINARY TRANSACTIONS | 348 | 339 | 7 | 2.0% | |
| CAPITAL STRUCTURE | 5,224 | 4,946 | 257 | 4.6% | |
| COMPENSATION | 3,829 | 3,364 | 445 | 10.5% | |
| CORPORATE GOVERNANCE | 7,289 | 6,258 | 929 | 10.9% | |
| ENVIRONMENT OR CLIMATE | 273 | 65 | 206 | 15.6% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 174 | 29 | 142 | 17.3% | |
| DIVERSITY, EQUITY, AND INCLUSION | 24 | 4 | 19 | 20.8% | |
| OTHER SOCIAL ISSUES | 569 | 295 | 266 | 9.9% | |
| OTHER | 1,972 | 1,653 | 179 | 7.7% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 97,520 | 11.6% | 86.8% | 38.1% | |
| year to 30 June 2025 | 94,987 | 11.2% | 87.5% | 28.9% | |
| year to 30 June 2026 | 86,562 | 7.0% | 89.6% | 31.8% |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, Bridge Builder Trust voted against management on 287 of the 3,094 it marked either way (9.3%) in the year to 30 June 2026. The 40 companies with the most reporting filers are listed.
A further 12 say-on-pay items were reported without a management mark and are left out of both sides of that fraction.
- Alphabet Inc. 5 Jun 2026
- Costco Wholesale Corporation 15 Jan 2026
- Thermo Fisher Scientific Inc. 20 May 2026
- The Goldman Sachs Group, Inc. 29 Apr 2026
- The PNC Financial Services Group, Inc. 22 Apr 2026
- WARNER BROS. DISCOVERY, INC. 23 Apr 2026
- WARNER BROS. DISCOVERY, INC. 9 Jun 2026
- The Travelers Companies, Inc. 20 May 2026
- The Bank of New York Mellon Corporation 14 Apr 2026
- Dell Technologies Inc. 25 Jun 2026
- Welltower Inc. 21 May 2026
- Marvell Technology, Inc. 25 Jun 2026
- Snowflake Inc. 2 Jul 2025
- Snowflake Inc. 29 Jun 2026
- Simon Property Group, Inc. 13 May 2026
- Xcel Energy Inc. 20 May 2026
- Aon Plc 26 Jun 2026
- Monster Beverage Corporation 14 May 2026
- SOLVENTUM CORPORATION 15 May 2026
- Microchip Technology Incorporated 19 Aug 2025
- Cloudflare, Inc. 30 Jun 2026
- Expedia Group, Inc. 17 Jun 2026
- SHOPIFY INC. 16 Jun 2026
- IQVIA Holdings Inc. 23 Apr 2026
- Edison International 23 Apr 2026
- Workday, Inc. 16 Jun 2026
- Lennar Corporation 8 Apr 2026
- Live Nation Entertainment, Inc. 11 Jun 2026
- Rocket Lab Corporation 27 Aug 2025
- Global Payments Inc. 30 Apr 2026
- Rivian Automotive, Inc. 22 Jun 2026
- Tyson Foods, Inc. 5 Feb 2026
- Extra Space Storage Inc. 14 May 2026
- Skyworks Solutions, Inc. 13 May 2026
- International Flavors & Fragrances Inc. 29 Apr 2026
- Moderna, Inc. 6 May 2026
- Las Vegas Sands Corp. 14 May 2026
- SBA Communications Corporation 22 May 2026
- AMCOR PLC 6 Nov 2025
- Dick's Sporting Goods, Inc. 10 Jun 2026
Shareholder proposals it supported
Of 546 proposals from security holders that could be told apart in the filings and on which it cast a vote, Bridge Builder Trust voted for 158 (28.9%). 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.
| Company | Meeting | Proposal |
|---|---|---|
| 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 |
| Visa Inc. | 27 Jan 2026 | Shareholder proposal on shareholder right to act by written consent. |
| Eli Lilly and Company | 4 May 2026 | Shareholder proposal to adopt a policy and amend the bylaws to require an independent board chair. |
| Netflix, Inc. | 4 Jun 2026 | Stockholder proposal entitled, "Proposal 4 - Shareholder Right to Act by Written Consent," |
| Berkshire Hathaway Inc. | 2 May 2026 | Shareholder proposal requesting that the Company issue a report disclosing the Board's oversight framework... |
| PEPSICO, INC. | 6 May 2026 | Shareholder Proposal - Independent Board Chair. |
| McDonald's Corporation | 20 May 2026 | Advisory Vote on Shareholders' Right to Act by Written Consent. |
| NextEra Energy, Inc. | 21 May 2026 | Report on Plans to Reduce and Align GHG Emissions with Paris Agreement Goals |
| QUALCOMM Incorporated | 17 Mar 2026 | Stockholder proposal entitled "Shareholder Ability to Call for a Special Meeting." |
| Pfizer Inc. | 23 Apr 2026 | Adopt an Independent Chair Policy |
| AT&T INC. | 14 May 2026 | EEO-1 Report Disclosure Policy |
| Amgen Inc. | 19 May 2026 | Stockholder proposal to require an independent board chairman. |
| ServiceNow, Inc. | 21 May 2026 | Shareholder proposal regarding shareholder right to act by written consent. |
| The Goldman Sachs Group, Inc. | 29 Apr 2026 | Shareholder Proposal Regarding Lobbying Disclosure |
| The Goldman Sachs Group, Inc. | 29 Apr 2026 | Shareholder Proposal Regarding Special Shareholder Meeting Thresholds |
| Comcast Corporation | 10 Jun 2026 | Adopt policy to have an independent chair |
| Gilead Sciences, Inc. | 30 Apr 2026 | To vote on a stockholder proposal requesting an independent Board Chair policy |
| S&P Global Inc. | 20 May 2026 | Vote on a shareholder proposal to reduce the stock ownership threshold for calling a special shareholder... |
| Starbucks Corporation | 25 Mar 2026 | Shareholder proposal requesting supermajority shareholder voting requirements be replaced with majority... |
| THE BOEING COMPANY | 17 Apr 2026 | Action by Written Consent. |
| LOCKHEED MARTIN CORPORATION | 12 May 2026 | Stockholder Proposal Requiring Independent Board Chairman |
| Palo Alto Networks, Inc. | 9 Dec 2025 | To consider and vote upon a shareholder proposal, if properly presented at the Annual Meeting, regarding... |
| Lam Research Corporation | 4 Nov 2025 | Stockholder proposal titled "Realistic Shareholder Ability to Call for a Special Shareholder Meeting," |
| Analog Devices, Inc. | 11 Mar 2026 | To consider a shareholder proposal |
| Colgate-Palmolive Company | 8 May 2026 | Stockholder proposal entitled "Independent Board Chairman." |
| Boston Scientific Corporation | 30 Apr 2026 | Stockholder proposal titled "Give Shareholders the Ability to Call for a Special Shareholder Meeting." |
| Meta Platforms, Inc. | 27 May 2026 | A shareholder proposal regarding annual vote regarding executive pay. |
| 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 dual class capital structure. |
| Meta Platforms, Inc. | 27 May 2026 | A shareholder proposal regarding report on Al data usage oversight. |
| Meta Platforms, Inc. | 27 May 2026 | A shareholder proposal regarding report on integrating child safety improvements into the executive... |
| United Parcel Service, Inc. | 7 May 2026 | To take steps to reduce the voting power of UPS class A stock from 10 votes per share to one vote per share. |
| Zoetis Inc. | 20 May 2026 | Shareholder proposal to permit shareholder action by written consent. |
| Cummins Inc. | 12 May 2026 | Shareholder proposal to adopt a policy for separation of the roles of Chairperson and Chief Executive Officer. |
| Vertex Pharmaceuticals Incorporated | 13 May 2026 | Shareholder proposal, if properly presented at the meeting, regarding shareholder right to act by written... |
| Ecolab Inc. | 7 May 2026 | Vote on a stockholder proposal regarding an independent board chair policy |
| PayPal Holdings, Inc. | 19 May 2026 | Stockholder Proposal - Reduce Threshold to Call Special Meetings of Stockholders. |
| FedEx Corporation | 29 Sep 2025 | Stockholder proposal regarding independent board chairman. |
| The Travelers Companies, Inc. | 20 May 2026 | Shareholder proposal relating to a report on climate-related pricing and coverage decisions, if presented... |
Shares on loan
Bridge Builder Trust 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
10 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 |
|---|---|---|---|---|
| Bridge Builder Small/Mid Cap Value Fund | 21,209 | 5.6% | 93.2% | 30.6% |
| Bridge Builder International Equity Fund | 14,131 | 5.4% | 88.6% | 7.9% |
| Bridge Builder Small/Mid Cap Growth Fund | 12,896 | 7.1% | 92.5% | 23.6% |
| Bridge Builder Large Cap Value Fund | 11,302 | 4.5% | 93.2% | 20.5% |
| Bridge Builder Tax Managed Small/Mid Cap Fund | 9,809 | 13.0% | 84.8% | 70.3% |
| Bridge Builder Tax Managed International Equity Fund | 8,045 | 6.4% | 83.2% | 31.1% |
| Bridge Builder Tax Managed Large Cap Fund | 5,012 | 10.2% | 83.2% | 43.4% |
| Bridge Builder Large Cap Growth Fund | 4,065 | 9.3% | 87.0% | 39.3% |
| Bridge Builder Core Plus Bond Fund | 54 | 1.9% | not reported | not reported |
| Bridge Builder Municipal High-Income Bond Fund | 39 | 0.0% | not reported | 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 18 Aug 2026 accession 0001193125-26-355053
- Every N-PX filing by this filer on EDGAR
Questions
How did Bridge Builder Trust vote on executive pay?
In the year to 30 June 2026 Bridge Builder Trust reported 6,976 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 6,251 were for (89.6%), 722 against and 3 abstentions. Counting one item per company meeting, it voted against management on 287 of the 3,094 say-on-pay items it marked either way. A further 12 say-on-pay items were reported without a management mark and are not counted in that figure.
How often does Bridge Builder Trust vote against management?
7.0% of the time in the year to 30 June 2026: 6,109 of the 87,329 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 Bridge Builder Trust support shareholder proposals on climate?
In the category ENVIRONMENT OR CLIMATE it reported 246 votes on proposals from security holders in the year to 30 June 2026 and voted for 39 of them (15.9%). Across every category it voted for 31.8% 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 Bridge Builder Trust (filer no. 1567101), 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.