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Morgan Stanley ETF Trust
fund voting report, part of Morgan Stanley, Eaton Vance and Calvert
- Vote records reported
- 39,232year to 30 June 2026
- Against management
- 25.0%9,778 of 39,080 marked votes
- Say-on-pay support
- 38.9%for, of for + against + abstain
- Shareholder-proposal support
- 54.5%for, of for + against + abstain
foragainstabstain, withhold or otheramber tick: the portion cast against management
In its Form N-PX for the year to 30 June 2026, Morgan Stanley ETF Trust listed 39,232 vote records. Votes against management made up 25.0% of those marked either way (9,778 of 39,080); the median fund registrant stood at 6.2%.
Weighted by the number of shares voted, the against-management share is 21.1%. 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 38.9% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 54.5% 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 (58.2% of 2,371), ENVIRONMENT OR CLIMATE (33.1% of 363) and HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE (30.7% of 166).
It reported 36.1 million shares out on loan at record dates, 8.50% 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 1,241 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 | 25.0% | 6.2% | 10.6% |
| Say-on-pay support rate | 38.9% | 91.6% | 86.0% |
| Shareholder-proposal support rate | 54.5% | 27.5% | 33.9% |
| Shares on loan, share of shares held | 8.50% | 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 | 24,773 | 17,627 | 5,714 | 28.7% | |
| SECTION 14A SAY-ON-PAY VOTES | 2,371 | 875 | 1,375 | 58.2% | |
| AUDIT-RELATED | 2,986 | 2,941 | 43 | 1.0% | |
| INVESTMENT COMPANY MATTERS | 1 | 1 | 0 | 0.0% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 136 | 106 | 30 | 29.9% | |
| EXTRAORDINARY TRANSACTIONS | 180 | 162 | 18 | 8.3% | |
| CAPITAL STRUCTURE | 2,011 | 1,967 | 44 | 3.1% | |
| COMPENSATION | 2,473 | 2,109 | 359 | 13.4% | |
| CORPORATE GOVERNANCE | 4,162 | 3,643 | 481 | 17.3% | |
| ENVIRONMENT OR CLIMATE | 364 | 192 | 172 | 33.1% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 166 | 112 | 52 | 30.7% | |
| DIVERSITY, EQUITY, AND INCLUSION | 206 | 89 | 117 | 11.8% | |
| OTHER SOCIAL ISSUES | 481 | 243 | 236 | 24.6% | |
| OTHER | 58 | 29 | 29 | 6.3% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 75,522 | 24.0% | 53.0% | 67.7% | |
| year to 30 June 2025 | 42,905 | 22.9% | 42.1% | 60.2% | |
| year to 30 June 2026 | 39,232 | 25.0% | 38.9% | 54.5% |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, Morgan Stanley ETF Trust voted against management on 544 of the 882 it marked either way (61.7%) in the year to 30 June 2026. The 40 companies with the most reporting filers are listed.
- Microsoft Corporation 5 Dec 2025
- NVIDIA Corporation 24 Jun 2026
- Alphabet Inc. 5 Jun 2026
- Apple Inc. 24 Feb 2026
- Broadcom Inc. 20 Apr 2026
- JPMorgan Chase & Co. 19 May 2026
- Mastercard Incorporated 16 Jun 2026
- Eli Lilly and Company 4 May 2026
- AbbVie Inc. 8 May 2026
- Oracle Corporation 18 Nov 2025
- The Home Depot, Inc. 21 May 2026
- Merck & Co., Inc. 26 May 2026
- Walmart Inc. 4 Jun 2026
- Cisco Systems, Inc. 16 Dec 2025
- UnitedHealth Group Incorporated 1 Jun 2026
- The Walt Disney Company 18 Mar 2026
- Costco Wholesale Corporation 15 Jan 2026
- Thermo Fisher Scientific Inc. 20 May 2026
- PEPSICO, INC. 6 May 2026
- The Coca-Cola Company 29 Apr 2026
- Advanced Micro Devices, Inc. 13 May 2026
- Salesforce, Inc. 28 May 2026
- Union Pacific Corporation 14 May 2026
- GE Aerospace 5 May 2026
- The TJX Companies, Inc. 9 Jun 2026
- Verizon Communications Inc. 21 May 2026
- NextEra Energy, Inc. 21 May 2026
- QUALCOMM Incorporated 17 Mar 2026
- International Business Machines Corporation 28 Apr 2026
- Pfizer Inc. 23 Apr 2026
- Wells Fargo & Company 28 Apr 2026
- ServiceNow, Inc. 21 May 2026
- Texas Instruments Incorporated 16 Apr 2026
- American Express Company 5 May 2026
- Applied Materials, Inc. 12 Mar 2026
- ACCENTURE PLC 28 Jan 2026
- Danaher Corporation 5 May 2026
- Adobe Inc. 15 Apr 2026
- The Goldman Sachs Group, Inc. 29 Apr 2026
- The Charles Schwab Corporation 21 May 2026
Shareholder proposals it supported
Of 592 proposals from security holders that could be told apart in the filings and on which it cast a vote, Morgan Stanley ETF Trust voted for 342 (57.8%). 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 |
|---|---|---|
| Microsoft Corporation | 5 Dec 2025 | Report on Human Rights Due Diligence |
| Microsoft Corporation | 5 Dec 2025 | Report on Al Data Usage Oversight |
| Microsoft Corporation | 5 Dec 2025 | Report on Data Operations in Human Rights Hotspots |
| Amazon.com, Inc. | 20 May 2026 | Shareholder proposal requesting a mandatory independent board chair policy |
| 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 reporting on greenhouse gas emissions from the... |
| 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 a report on AI data usage oversight |
| Alphabet Inc. | 5 Jun 2026 | Shareholder proposal regarding a report on AI-generated misinformation |
| Alphabet Inc. | 5 Jun 2026 | Shareholder proposal regarding a report on data privacy |
| Alphabet Inc. | 5 Jun 2026 | Shareholder proposal regarding AI Board oversight |
| Alphabet Inc. | 5 Jun 2026 | Shareholder proposal regarding a report on impact of U.S. immigration policy |
| Alphabet Inc. | 5 Jun 2026 | Shareholder proposal regarding equal shareholder voting |
| Alphabet Inc. | 5 Jun 2026 | Shareholder proposal regarding an enhanced disclosure on climate goals |
| Visa Inc. | 27 Jan 2026 | Shareholder proposal on shareholder right to act by written consent. |
| JPMorgan Chase & Co. | 19 May 2026 | Independent board chairman |
| JPMorgan Chase & Co. | 19 May 2026 | Lobbying alignment |
| Mastercard Incorporated | 16 Jun 2026 | Consideration of a stockholder proposal regarding shareholder right to act by written consent |
| Eli Lilly and Company | 4 May 2026 | Shareholder proposal to prepare an annual lobbying report. |
| Eli Lilly and Company | 4 May 2026 | Shareholder proposal to adopt a policy and amend the bylaws to require an independent board chair. |
| AbbVie Inc. | 8 May 2026 | Stockholder Proposal - to Adopt a Policy to Require an Independent Chair |
| Netflix, Inc. | 4 Jun 2026 | Stockholder proposal entitled, "Proposal 4 - Shareholder Right to Act by Written Consent," |
| The Home Depot, Inc. | 21 May 2026 | Shareholder Proposal Regarding Biodiversity Impact and Dependency Assessment |
| The Home Depot, Inc. | 21 May 2026 | Shareholder Proposal Regarding Report on Customer Data Privacy Risks |
| The Home Depot, Inc. | 21 May 2026 | Shareholder Proposal Regarding Report on Packaging Policies for Plastics |
| The Home Depot, Inc. | 21 May 2026 | Shareholder Proposal Regarding Independent Board Chair |
| Merck & Co., Inc. | 26 May 2026 | Shareholder proposal regarding a report on political contributions. |
| CHEVRON CORPORATION | 27 May 2026 | Commission a Third-Party Report on Human Rights Processes |
| CHEVRON CORPORATION | 27 May 2026 | Report on Indigenous Peoples' Rights |
| Bank of America Corporation | 4 May 2026 | Shareholder proposal requesting independent board chair |
| Bank of America Corporation | 4 May 2026 | Shareholder proposal requesting report on board oversight of risks related to animal welfare |
| The Procter & Gamble Company | 14 Oct 2025 | Shareholder Proposal Requesting Additional Reporting on Plastic Packaging |
| Walmart Inc. | 4 Jun 2026 | Report on Workplace Health and Safety Governance |
| Walmart Inc. | 4 Jun 2026 | Human rights or human capital/workforce |
| Walmart Inc. | 4 Jun 2026 | Report on Immigration Policy & Enforcement |
| Berkshire Hathaway Inc. | 2 May 2026 | Shareholder proposal requesting that the Company issue a report disclosing the Board's oversight framework... |
| UnitedHealth Group Incorporated | 1 Jun 2026 | If properly presented at the 2026 Annual Meeting of Shareholders, the shareholder proposal requesting the... |
| The Walt Disney Company | 18 Mar 2026 | Shareholder proposal, if properly presented at the meeting, requesting an independent review and report on... |
| PEPSICO, INC. | 6 May 2026 | Shareholder Proposal - Report on Human Rights Oversight. |
| PEPSICO, INC. | 6 May 2026 | Shareholder Proposal - Independent Board Chair. |
Shares on loan
Morgan Stanley ETF Trust reported 36.1 million shares on loan at record dates against 388.6 million shares voted: 8.50% 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
8 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 |
|---|---|---|---|---|
| Calvert International Responsible Index ETF | 12,436 | 22.8% | 22.2% | 41.5% |
| Calvert US Large-Cap Core Responsible Index ETF | 9,060 | 32.5% | 23.3% | 69.7% |
| Calvert US Mid-Cap Core Responsible Index ETF | 6,787 | 33.2% | 24.4% | 80.3% |
| Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF | 3,316 | 27.4% | 24.4% | 64.6% |
| Parametric Equity Premium Income ETF | 2,479 | 7.8% | 84.6% | 39.7% |
| Parametric Equity Plus ETF | 2,439 | 12.3% | 79.9% | 40.8% |
| Parametric Hedged Equity ETF | 2,429 | 12.6% | 80.3% | 37.2% |
| Calvert US Select Equity ETF | 286 | 26.2% | 39.1% | 75.0% |
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 3 Aug 2026 accession 0001140361-26-030833
- Every N-PX filing by this filer on EDGAR
Questions
How did Morgan Stanley ETF Trust vote on executive pay?
In the year to 30 June 2026 Morgan Stanley ETF Trust reported 2,252 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 875 were for (38.9%), 1,375 against and 2 abstentions. Counting one item per company meeting, it voted against management on 544 of the 882 say-on-pay items it marked either way.
How often does Morgan Stanley ETF Trust vote against management?
25.0% of the time in the year to 30 June 2026: 9,778 of the 39,080 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 Morgan Stanley ETF Trust support shareholder proposals on climate?
In the category ENVIRONMENT OR CLIMATE it reported 288 votes on proposals from security holders in the year to 30 June 2026 and voted for 118 of them (41.0%). Across every category it voted for 54.5% 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 Morgan Stanley ETF Trust (filer no. 1676326), 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.