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Form N-PX · fund registrantSEC filer no. 2081199

Baron ETF Trust

fund voting report

Vote records reported
2,039year to 30 June 2026
Against management
11.6%223 of 1,926 marked votes
Say-on-pay support
71.6%for, of for + against + abstain
Shareholder-proposal support
36.5%for, of for + against + abstain
86.8% for10.1% against3.2% other11.6% against management1,928 votes

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

For the year to 30 June 2026, Baron ETF Trust reported 2,039 vote records on Form N-PX. 223 of the 1,926 votes that were marked for or against management went against management: 11.6%, 5.3 percentage points above the median fund registrant (6.2%).

Weighted by the number of shares voted, the against-management share is 8.2%. 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 71.6% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 36.5% of the proposals put forward by security holders (the median fund registrant: 27.5%).

By category, votes against management were most frequent in COMPENSATION (34.0% of 94), SECTION 14A SAY-ON-PAY VOTES (27.3% of 128) and CAPITAL STRUCTURE (26.8% of 112).

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 share11.6%6.2%10.6%
Say-on-pay support rate71.6%91.6%86.0%
Shareholder-proposal support rate36.5%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%

Of the 2,039 vote records in this filing, 111 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)VotesForAgainstAgainst managementSplit
DIRECTOR ELECTIONS1,1741,108215.5%
SECTION 14A SAY-ON-PAY VOTES128833327.3%
AUDIT-RELATED17016552.9%
INVESTMENT COMPANY MATTERS1100.0%
SHAREHOLDER RIGHTS AND DEFENSES1211125.0%
EXTRAORDINARY TRANSACTIONS8800.0%
CAPITAL STRUCTURE112852726.8%
COMPENSATION94613334.0%
CORPORATE GOVERNANCE2171714224.0%
ENVIRONMENT OR CLIMATE171160.0%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE9180.0%
DIVERSITY, EQUITY, AND INCLUSION8170.0%
OTHER SOCIAL ISSUES2962317.2%
OTHER1100.0%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 20262,03911.6%71.6%36.5%

Only one season is on file for this entry so far. The structured Form N-PX began with the year to 30 June 2024.

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, Baron ETF Trust voted against management on 24 of the 88 it marked either way (27.3%) in the year to 30 June 2026.

Shareholder proposals it supported

Of 47 proposals from security holders that could be told apart in the filings and on which it cast a vote, Baron ETF Trust voted for 17 (36.2%). Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.

CompanyMeetingProposal
NVIDIA Corporation24 Jun 2026Approval of a non-binding stockholder proposal requesting the replacement of supermajority voting...
Mastercard Incorporated16 Jun 2026Consideration of a stockholder proposal regarding shareholder right to act by written consent
PALANTIR TECHNOLOGIES INC.3 Jun 2026Stockholder proposal entitled "Political Spending Disclosure,"
S&P Global Inc.20 May 2026Vote on a shareholder proposal to reduce the stock ownership threshold for calling a special shareholder...
Meta Platforms, Inc.27 May 2026A shareholder proposal regarding annual vote regarding executive pay.
Meta Platforms, Inc.27 May 2026Shareholder proposal: OTHER SOCIAL ISSUES
Meta Platforms, Inc.27 May 2026A shareholder proposal regarding disclosure of voting results by share class.
Meta Platforms, Inc.27 May 2026A shareholder proposal regarding dual class capital structure.
Synopsys, Inc.16 Apr 2026To vote on a stockholder proposal regarding 'stockholders' right to act by written consent
AppLovin Corporation3 Jun 2026Stockholder proposal regarding disclosure of voting results by class of shares
Airbnb, Inc.5 Jun 2026Dual-class sunset; and
Datadog, Inc.15 Jun 2026The stockholder proposal, if properly presented at the Annual Meeting, requesting the adoption of a simple...
Verisk Analytics, Inc.19 May 2026Shareholder Proposal - Shareholder Right to Act by Written Consent.
Equifax Inc.7 May 2026Shareholder proposal to lower the ownership threshold to call a special meeting of shareholders to 10%.
TransUnion12 May 2026Advisory vote on a stockholder proposal requesting a stockholder right to call a special meeting.
Ganfeng Lithium Group Co., Ltd.20 May 2026Shareholder proposal: INVESTMENT COMPANY MATTERS
Ganfeng Lithium Group Co., Ltd.29 Jun 2026Amend Remuneration Management System for Directors and Senior Management

Shares on loan

Baron ETF 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

7 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
Baron Global Durable Advantage ETF48216.2%57.9%34.8%
Baron Financials ETF3908.5%77.8%38.5%
Baron SMID Cap ETF3359.0%74.2%not reported
Baron Emerging Markets Select ETF28310.0%not reportednot reported
Baron Technology ETF27815.5%66.7%36.0%
Baron First Principles ETF2576.2%77.8%25.0%
Baron Risk Optimized Large Cap ETF1471.4%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 Baron ETF Trust vote on executive pay?

In the year to 30 June 2026 Baron ETF Trust reported 116 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 83 were for (71.6%), 33 against and 0 abstentions. Counting one item per company meeting, it voted against management on 24 of the 88 say-on-pay items it marked either way.

How often does Baron ETF Trust vote against management?

11.6% of the time in the year to 30 June 2026: 223 of the 1,926 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 Baron ETF Trust support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 16 votes on proposals from security holders in the year to 30 June 2026 and voted for 0 of them (0.0%). Across every category it voted for 36.5% 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 Baron ETF Trust (filer no. 2081199), 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.