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Form N-PX · fund registrantSEC filer no. 35315

FIDELITY SALEM STREET TRUST

fund voting report, part of Fidelity

Vote records reported
426,697year to 30 June 2026
Against management
7.5%29,140 of 386,528 marked votes
Say-on-pay support
94.7%for, of for + against + abstain
Shareholder-proposal support
46.7%for, of for + against + abstain
89.7% for8.1% against2.2% other7.5% against management395,581 votes

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

In its Form N-PX for the year to 30 June 2026, FIDELITY SALEM STREET TRUST listed 426,697 vote records. Votes against management made up 7.5% of those marked either way (29,140 of 386,528); the median fund registrant stood at 6.2%.

Weighted by the number of shares voted, the against-management share is 9.1%. 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 94.7% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 46.7% of the proposals put forward by security holders (the median fund registrant: 27.5%).

By category, votes against management were most frequent in EXTRAORDINARY TRANSACTIONS (22.2% of 7,360), SHAREHOLDER RIGHTS AND DEFENSES (19.9% of 823) and CORPORATE GOVERNANCE (12.4% of 81,525).

It reported 11.40 billion shares out on loan at record dates, 2.44% 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 2026This filerMedian fund registrantAll filers pooled
Against-management share7.5%6.2%10.6%
Say-on-pay support rate94.7%91.6%86.0%
Shareholder-proposal support rate46.7%27.5%33.9%
Shares on loan, share of shares held2.44%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 426,697 vote records in this filing, 31,116 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 ELECTIONS185,225172,6865,4503.9%
SECTION 14A SAY-ON-PAY VOTES14,08712,3176855.7%
AUDIT-RELATED26,72025,6701,0343.5%
INVESTMENT COMPANY MATTERS1039854.9%
SHAREHOLDER RIGHTS AND DEFENSES94471712519.9%
EXTRAORDINARY TRANSACTIONS7,3635,7121,65122.2%
CAPITAL STRUCTURE48,96944,2324,7379.6%
COMPENSATION37,60133,0194,44611.5%
CORPORATE GOVERNANCE83,10770,52012,20812.4%
ENVIRONMENT OR CLIMATE1,4644491,0130.6%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE6013262750.3%
DIVERSITY, EQUITY, AND INCLUSION6743273470.5%
OTHER SOCIAL ISSUES2,2351,1181,1176.4%
OTHER4,7343,6601,0595.2%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 2024429,8778.7%93.2%57.4%
year to 30 June 2025410,3347.1%95.4%50.1%
year to 30 June 2026426,6977.5%94.7%46.7%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, FIDELITY SALEM STREET TRUST voted against management on 143 of the 2,607 it marked either way (5.5%) in the year to 30 June 2026. The 40 companies with the most reporting filers are listed.

A further 8 say-on-pay items were reported without a management mark and are left out of both sides of that fraction.

Shareholder proposals it supported

Of 1,271 proposals from security holders that could be told apart in the filings and on which it cast a vote, FIDELITY SALEM STREET TRUST voted for 408 (32.1%). 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
NVIDIA Corporation24 Jun 2026Approval of a non-binding stockholder proposal requesting the replacement of supermajority voting...
Alphabet Inc.5 Jun 2026Shareholder proposal regarding equal shareholder voting
Tesla, Inc.6 Nov 2025A shareholder proposal to amend the bylaws to repeal 3% derivative suit ownership threshold.
Tesla, Inc.6 Nov 2025Declassify the Board of Directors
Tesla, Inc.6 Nov 2025Shareholder proposal: CORPORATE GOVERNANCE
Wells Fargo & Company28 Apr 2026Shareholder Proposal - Govern by Majority Vote.
Starbucks Corporation25 Mar 2026Shareholder proposal requesting supermajority shareholder voting requirements be replaced with majority...
Palo Alto Networks, Inc.9 Dec 2025To consider and vote upon a shareholder proposal, if properly presented at the Annual Meeting, regarding...
Meta Platforms, Inc.27 May 2026A shareholder proposal regarding annual vote regarding executive pay.
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.
United Parcel Service, Inc.7 May 2026To take steps to reduce the voting power of UPS class A stock from 10 votes per share to one vote per share.
FORD MOTOR COMPANY14 May 2026A shareholder proposal relating to a request that the Board take steps to implement one vote per share for...
FORD MOTOR COMPANY14 May 2026A shareholder proposal relating to public disclosure by share class of voting results on matters subject...
AppLovin Corporation3 Jun 2026Stockholder proposal regarding disclosure of voting results by class of shares
WEC Energy Group, Inc.7 May 2026Stockholder proposal to govern by majority vote
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...
NRG Energy, Inc.30 Apr 2026To vote on a stockholder proposal to give shareholders the ability to call for a special shareholder meeting
Keysight Technologies, Inc.19 Mar 2026Consider, on a non-binding advisory basis, a Stockholder Proposal: Shareholder Ability to Call for a...
Workday, Inc.16 Jun 2026To consider and vote upon a stockholder proposal regarding disclosure of voting results based on share class.
Citizens Financial Group, Inc.23 Apr 2026Shareholder proposal for the adoption of a majority voting standard.
Lennar Corporation8 Apr 2026Vote on a stockholder proposal on Disclosure of Voting Result by Share Class.
Lennar Corporation8 Apr 2026Shareholder proposal: SHAREHOLDER RIGHTS AND DEFENSES
ON Semiconductor Corporation14 May 2026To vote on a stockholder proposal regarding simple majority voting
Albemarle Corporation5 May 2026Shareholder Proposal regarding shareholders ability to call for a special shareholder meeting.
lululemon athletica inc.25 Jun 2026Declassify the Board of Directors
CF Industries Holdings, Inc.28 Apr 2026Shareholder proposal regarding shareholder approval requirement for excessive golden parachutes
Zscaler, Inc.12 Jan 2026To vote on a non-binding stockholder proposal requesting the declassification of our board of directors.
Tyson Foods, Inc.5 Feb 2026Shareholder proposal regarding disclosure of voting results based on class of shares.
HubSpot, Inc.15 Jun 2026A stockholder proposal to change the Company's Sixth Amended and Restated Bylaws to allow 10% holders of...
BJ's Wholesale Club Holdings, Inc.18 Jun 2026Vote on a shareholder proposal regarding adopting a majority voting standard
Norwegian Cruise Line Holdings Ltd.11 Jun 2026A shareholder proposal requesting the declassification of our board of directors
Campbell Soup Company18 Nov 2025To vote on a shareholder proposal regarding simple majority voting.
Universal Health Services, Inc.20 May 2026Disclosure of Voting Results Based on Shareholders' Money at Risk
TransUnion12 May 2026Advisory vote on a stockholder proposal requesting a stockholder right to call a special meeting.
Fortune Brands Innovations, Inc.5 May 2026Advisory vote to approve named executive officer compensation
Henry Schein, Inc.21 May 2026Proposal to approve, by non-binding vote, a shareholder proposal to Govern by Majority Vote.
Five Below, Inc.16 Jun 2026Shareholder proposal requesting that provisions in the Company's governance documents requiring greater...
Lumen Technologies, Inc.20 May 2026Approval of a shareholder proposal regarding a shareholder right to vote for or against a poison pill.

Shares on loan

FIDELITY SALEM STREET TRUST reported 11.40 billion shares on loan at record dates against 456.18 billion shares voted: 2.44% 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

44 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
Fidelity Total International Index Fund71,9728.6%100.0%39.9%
Fidelity Global ex U.S. Index Fund36,77411.8%100.0%47.6%
Fidelity Series Global ex U.S. Index Fund36,59211.6%100.0%47.0%
Fidelity Flex International Index Fund31,0866.8%100.0%29.6%
Fidelity Emerging Markets Index Fund23,74615.4%not reported68.5%
Fidelity SAI Emerging Markets Index Fund23,38915.4%not reported66.9%
Fidelity Small Cap Index Fund16,1354.3%93.7%24.2%
Fidelity Flex International Focused Index Fund16,0847.0%not reported34.6%
Fidelity International Sustainability Index Fund14,1408.2%not reported43.3%
Fidelity Flex Small Cap Index Fund12,9203.8%94.1%33.3%
Fidelity Small Cap Value Index Fund12,1484.1%93.8%20.0%
Fidelity SAI International Index Fund11,7623.8%not reported27.3%
Fidelity Series Large Cap Value Index Fund10,1942.1%96.7%12.2%
Fidelity Large Cap Value Index Fund10,1942.1%96.7%12.2%
Fidelity Small Cap Growth Index Fund8,8684.6%93.7%33.3%
Fidelity Mid Cap Index Fund8,7302.6%96.3%22.2%
Fidelity Mid Cap Value Index Fund7,9022.2%96.9%21.2%
Fidelity Flex Small Cap Focused Index Fund6,6852.9%95.1%34.8%
Fidelity SAI U.S. Large Cap Index Fund6,5911.8%97.3%10.0%
Fidelity Flex Mid Cap Index Fund5,0992.2%96.4%23.2%
Fidelity Series Large Cap Growth Index Fund4,2203.9%94.3%12.9%
Fidelity Large Cap Growth Index fund4,2203.9%94.3%12.9%
Fidelity SAI International Value Index Fund3,7892.9%not reported9.1%
Fidelity Flex Mid Cap Focused Index Fund3,7471.7%97.4%26.5%
Fidelity U.S. Sustainability Index Fund3,5111.0%97.6%7.6%
Fidelity SAI International Momentum Index Fund3,1953.4%not reported32.8%
Fidelity SAI International Quality Index Fund2,9163.6%not reported29.2%
Fidelity SAI U.S. Value Index Fund2,7641.6%96.5%10.4%
Fidelity SAI Emerging Markets Value Index Fund2,7449.4%not reported43.8%
Fidelity Mid Cap Growth Index Fund2,7254.2%94.4%25.5%
Fidelity SAI Emerging Markets Momentum Index Fund2,68510.6%not reported82.6%
Fidelity SAI Emerging Markets Low Volatility Index Fund2,51710.9%not reported46.2%
Fidelity Strategic Dividend & Income Fund2,4944.7%95.5%13.1%
Fidelity SAI Small-Mid Cap Momentum Index Fund2,4383.2%94.0%18.2%
Fidelity SAI U.S. Low Volatility Index Fund2,3781.2%97.3%5.6%
Fidelity SAI International Low Volatility Index Fund2,0923.0%not reported8.5%
Fidelity SAI U.S. Momentum Index Fund1,7052.9%94.9%13.0%
Fidelity Strategic Real Return Fund1,4805.9%98.0%7.4%
Fidelity Real Estate Index Fund1,4192.5%94.2%not reported
Fidelity SAI Real Estate Index Fund1,4192.5%94.2%not reported
Fidelity SAI U.S. Quality Index Fund1,1242.4%96.6%8.4%
Fidelity SAI Total Bond Fund847.1%not reportednot reported
Fidelity Sustainable Core Plus Bond Fund100.0%not reportednot reported
Fidelity SAI Sustainable Core Plus Bond Fund100.0%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 FIDELITY SALEM STREET TRUST vote on executive pay?

In the year to 30 June 2026 FIDELITY SALEM STREET TRUST reported 13,002 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 12,317 were for (94.7%), 685 against and 0 abstentions. Counting one item per company meeting, it voted against management on 143 of the 2,607 say-on-pay items it marked either way. A further 8 say-on-pay items were reported without a management mark and are not counted in that figure.

How often does FIDELITY SALEM STREET TRUST vote against management?

7.5% of the time in the year to 30 June 2026: 29,140 of the 386,528 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 FIDELITY SALEM STREET TRUST support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 1,018 votes on proposals from security holders in the year to 30 June 2026 and voted for 6 of them (0.6%). Across every category it voted for 46.7% 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 FIDELITY SALEM STREET TRUST (filer no. 35315), 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.