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Form N-PX · fund registrantSEC filer no. 35402

FIDELITY TREND FUND

fund voting report, part of Fidelity

Vote records reported
1,142year to 30 June 2026
Against management
7.2%81 of 1,130 marked votes
Say-on-pay support
94.4%for, of for + against + abstain
Shareholder-proposal support
27.4%for, of for + against + abstain
88.4% for10.2% against1.5% other7.2% against management1,142 votes

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

In its Form N-PX for the year to 30 June 2026, FIDELITY TREND FUND listed 1,142 vote records. Votes against management made up 7.2% of those marked either way (81 of 1,130); the median fund registrant stood at 6.2%.

Weighted by the number of shares voted, the against-management share is 6.2%. 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 94.4% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 27.4% of the proposals put forward by security holders (the median fund registrant: 27.5%).

By category, votes against management were most frequent in CAPITAL STRUCTURE (39.1% of 23), COMPENSATION (25.5% of 47) and CORPORATE GOVERNANCE (25.0% of 76).

It reported 11.7 million shares out on loan at record dates, 3.92% 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 share7.2%6.2%10.6%
Say-on-pay support rate94.4%91.6%86.0%
Shareholder-proposal support rate27.4%27.5%33.9%
Shares on loan, share of shares held3.92%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 ELECTIONS747710284.7%
SECTION 14A SAY-ON-PAY VOTES978555.2%
AUDIT-RELATED10610600.0%
SHAREHOLDER RIGHTS AND DEFENSES118327.3%
EXTRAORDINARY TRANSACTIONS32133.3%
CAPITAL STRUCTURE2314939.1%
COMPENSATION49341525.5%
CORPORATE GOVERNANCE85562825.0%
ENVIRONMENT OR CLIMATE2051515.0%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE122100.0%
DIVERSITY, EQUITY, AND INCLUSION132110.0%
OTHER SOCIAL ISSUES334293.0%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 20249995.9%98.2%24.7%
year to 30 June 20251,0469.2%94.7%20.0%
year to 30 June 20261,1427.2%94.4%27.4%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, FIDELITY TREND FUND voted against management on 5 of the 90 it marked either way (5.6%) in the year to 30 June 2026.

Shareholder proposals it supported

Of 81 proposals from security holders that could be told apart in the filings and on which it cast a vote, FIDELITY TREND FUND voted for 23 (28.4%). Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.

CompanyMeetingProposal
Amazon.com, Inc.20 May 2026Shareholder proposal requesting additional reporting on impact of data centers on climate commitments
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
Alphabet Inc.5 Jun 2026Shareholder proposal regarding an enhanced disclosure on climate goals
Tesla, Inc.6 Nov 2025A shareholder proposal to amend the bylaws to repeal 3% derivative suit ownership threshold.
Tesla, Inc.6 Nov 2025A shareholder proposal to amend Article X of the bylaws.
Tesla, Inc.6 Nov 2025A shareholder proposal to seek shareholder approval before adopting an amendment to the bylaws pursuant to...
Tesla, Inc.6 Nov 2025Declassify the Board of Directors
Tesla, Inc.6 Nov 2025Shareholder proposal: CORPORATE GOVERNANCE
PALANTIR TECHNOLOGIES INC.3 Jun 2026Stockholder proposal entitled "Political Spending Disclosure,"
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 report on climate change-related commitments.
AppLovin Corporation3 Jun 2026Stockholder proposal regarding disclosure of voting results by class of shares
Datadog, Inc.15 Jun 2026The stockholder proposal, if properly presented at the Annual Meeting, requesting the adoption of a simple...
Brunello Cucinelli SpA23 Apr 2026Shareholder proposal: AUDIT-RELATED
Brunello Cucinelli SpA23 Apr 2026Shareholder proposal: CORPORATE GOVERNANCE
Brunello Cucinelli SpA23 Apr 2026Shareholder proposal: CORPORATE GOVERNANCE
Brunello Cucinelli SpA23 Apr 2026Fix Board Terms for Directors
Brunello Cucinelli SpA23 Apr 2026Fix Number of Directors
Brunello Cucinelli SpA23 Apr 2026Shareholder proposal: AUDIT-RELATED

Shares on loan

FIDELITY TREND FUND reported 11.7 million shares on loan at record dates against 285.6 million shares voted: 3.92% 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

1 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 Trend Fund1,1427.2%94.4%28.0%

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.

Questions

How did FIDELITY TREND FUND vote on executive pay?

In the year to 30 June 2026 FIDELITY TREND FUND reported 90 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 85 were for (94.4%), 5 against and 0 abstentions. Counting one item per company meeting, it voted against management on 5 of the 90 say-on-pay items it marked either way.

How often does FIDELITY TREND FUND vote against management?

7.2% of the time in the year to 30 June 2026: 81 of the 1,130 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 TREND FUND support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 18 votes on proposals from security holders in the year to 30 June 2026 and voted for 3 of them (16.7%). Across every category it voted for 27.4% 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 TREND FUND (filer no. 35402), 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.