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NEUBERGER BERMAN EQUITY FUNDS
fund voting report, part of Neuberger Berman
- Vote records reported
- 13,921year to 30 June 2026
- Against management
- 6.4%877 of 13,651 marked votes
- Say-on-pay support
- 87.0%for, of for + against + abstain
- Shareholder-proposal support
- 29.1%for, of for + against + abstain
foragainstabstain, withhold or otheramber tick: the portion cast against management
NEUBERGER BERMAN EQUITY FUNDS reported 13,921 vote records for the year to 30 June 2026. It marked 6.4% of its votes as cast against management (877 of 13,651), close to the median fund registrant, which was 6.2%.
Weighted by the number of shares voted, the against-management share is 16.1%. 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 87.0% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 29.1% of the proposals put forward by security holders (the median fund registrant: 27.5%).
By category, votes against management were most frequent in OTHER SOCIAL ISSUES (24.6% of 126), HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE (22.9% of 48) and SHAREHOLDER RIGHTS AND DEFENSES (14.6% of 137).
It reported 4.4 million shares out on loan at record dates, 0.05% 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 | 6.4% | 6.2% | 10.6% |
| Say-on-pay support rate | 87.0% | 91.6% | 86.0% |
| Shareholder-proposal support rate | 29.1% | 27.5% | 33.9% |
| Shares on loan, share of shares held | 0.05% | 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 | 8,048 | 7,505 | 253 | 5.4% | |
| SECTION 14A SAY-ON-PAY VOTES | 792 | 656 | 98 | 12.6% | |
| AUDIT-RELATED | 1,117 | 1,101 | 7 | 0.6% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 138 | 60 | 78 | 14.6% | |
| EXTRAORDINARY TRANSACTIONS | 83 | 83 | 0 | 0.0% | |
| CAPITAL STRUCTURE | 1,020 | 971 | 35 | 4.1% | |
| COMPENSATION | 880 | 761 | 91 | 10.4% | |
| CORPORATE GOVERNANCE | 1,556 | 1,337 | 133 | 10.2% | |
| ENVIRONMENT OR CLIMATE | 86 | 7 | 79 | 2.3% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 48 | 11 | 37 | 22.9% | |
| DIVERSITY, EQUITY, AND INCLUSION | 29 | 3 | 26 | 7.1% | |
| OTHER SOCIAL ISSUES | 126 | 69 | 56 | 24.6% | |
| OTHER | 2 | 1 | 1 | not reported |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 16,563 | 6.5% | 88.8% | 23.8% | |
| year to 30 June 2025 | 15,497 | 6.1% | 88.6% | 28.5% | |
| year to 30 June 2026 | 13,921 | 6.4% | 87.0% | 29.1% |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, NEUBERGER BERMAN EQUITY FUNDS voted against management on 76 of the 554 it marked either way (13.7%) in the year to 30 June 2026. The 40 companies with the most reporting filers are listed.
- Alphabet Inc. 5 Jun 2026
- Broadcom Inc. 20 Apr 2026
- UnitedHealth Group Incorporated 1 Jun 2026
- Thermo Fisher Scientific Inc. 20 May 2026
- Salesforce, Inc. 28 May 2026
- The Goldman Sachs Group, Inc. 29 Apr 2026
- Citigroup Inc. 20 May 2026
- Intel Corporation 13 May 2026
- Comcast Corporation 10 Jun 2026
- Capital One Financial Corporation 8 May 2026
- Arista Networks, Inc. 29 May 2026
- Prologis, Inc. 28 Apr 2026
- WARNER BROS. DISCOVERY, INC. 23 Apr 2026
- WARNER BROS. DISCOVERY, INC. 9 Jun 2026
- The Cigna Group 22 Apr 2026
- T-Mobile US, Inc. 16 Jun 2026
- Dell Technologies Inc. 25 Jun 2026
- Welltower Inc. 21 May 2026
- Snowflake Inc. 29 Jun 2026
- The Hershey Company 5 May 2026
- Sempra 12 May 2026
- Aon Plc 26 Jun 2026
- American International Group, Inc. 13 May 2026
- Crown Castle Inc. 20 May 2026
- Cloudflare, Inc. 30 Jun 2026
- Axon Enterprise, Inc. 28 May 2026
- Ulta Beauty, Inc. 9 Jun 2026
- Expedia Group, Inc. 17 Jun 2026
- SHOPIFY INC. 16 Jun 2026
- IQVIA Holdings Inc. 23 Apr 2026
- Apollo Global Management, Inc. 8 Jun 2026
- The Trade Desk, Inc. 4 May 2026
- HEICO Corporation 13 Mar 2026
- Live Nation Entertainment, Inc. 11 Jun 2026
- Zscaler, Inc. 12 Jan 2026
- Skyworks Solutions, Inc. 13 May 2026
- Pure Storage, Inc. 10 Jun 2026
- Alexandria Real Estate Equities, Inc. 13 May 2026
- Fortune Brands Innovations, Inc. 5 May 2026
- Tradeweb Markets Inc. 19 May 2026
Shareholder proposals it supported
Of 219 proposals from security holders that could be told apart in the filings and on which it cast a vote, NEUBERGER BERMAN EQUITY FUNDS voted for 69 (31.5%). 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 |
| Amazon.com, Inc. | 20 May 2026 | Shareholder proposal requesting a mandatory independent board chair policy |
| 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 equal shareholder voting |
| JPMorgan Chase & Co. | 19 May 2026 | Lobbying alignment |
| Johnson & Johnson | 23 Apr 2026 | Independent Board Chair |
| 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 |
| The Home Depot, Inc. | 21 May 2026 | Shareholder Proposal Regarding Independent Board Chair |
| CHEVRON CORPORATION | 27 May 2026 | Adopt an Independent Chair |
| 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 Coca-Cola Company | 29 Apr 2026 | Vote on a shareowner proposal requesting a report on the Company's plans to increase sustainability disclosure |
| McDonald's Corporation | 20 May 2026 | Advisory Vote to Adopt Policy for an Independent Chair. |
| Pfizer Inc. | 23 Apr 2026 | Adopt an Independent Chair Policy |
| Amgen Inc. | 19 May 2026 | Stockholder proposal to require an independent board chairman. |
| ConocoPhillips | 12 May 2026 | Stockholder Proposal - Independent Board Chairman. |
| Lowe's Companies, Inc. | 29 May 2026 | Shareholder Proposal requesting an independent board chairman. |
| 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 |
| LOCKHEED MARTIN CORPORATION | 12 May 2026 | Stockholder Proposal Requiring Independent Board Chairman |
| Mondelez International, Inc. | 20 May 2026 | Shareholder proposal requesting adoption of an independent board chairman policy |
| EXXON MOBIL CORPORATION | 27 May 2026 | Proposal requesting Company to modify its Voluntary Retail Voting Program to provide multiple options not... |
| EXXON MOBIL CORPORATION | 27 May 2026 | Require Independent Board Chair |
| Colgate-Palmolive Company | 8 May 2026 | Stockholder proposal entitled "Independent Board Chairman." |
| Meta Platforms, Inc. | 27 May 2026 | A shareholder proposal regarding annual vote regarding executive pay. |
| Meta Platforms, Inc. | 27 May 2026 | Shareholder Proposal Regarding Data Protection Impact Assessment |
| Meta Platforms, Inc. | 27 May 2026 | Shareholder proposal: OTHER SOCIAL ISSUES |
| 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. |
| Intercontinental Exchange, Inc. | 15 May 2026 | A stockholder proposal regarding independent board chairman |
| The Cigna Group | 22 Apr 2026 | Shareholder Proposal - Shareholder Right to Act 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. |
Shares on loan
NEUBERGER BERMAN EQUITY FUNDS reported 4.4 million shares on loan at record dates against 8.07 billion shares voted: 0.05% 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
17 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 |
|---|---|---|---|---|
| Neuberger International Equity Fund | 1,745 | 4.8% | 66.7% | not reported |
| Neuberger International Select Fund | 1,555 | 4.5% | 66.7% | not reported |
| Neuberger Large Cap Value Fund | 1,153 | 5.6% | 88.6% | 26.0% |
| Neuberger Genesis Fund | 999 | 5.0% | 90.2% | 45.5% |
| Neuberger Intrinsic Value Fund | 969 | 4.2% | 88.0% | not reported |
| Neuberger Emerging Markets Equity Fund | 956 | 14.3% | not reported | not reported |
| Neuberger Equity Income Fund | 952 | 4.0% | 91.8% | 18.2% |
| Neuberger Mid Cap Intrinsic Value Fund | 906 | 5.2% | 87.7% | 20.8% |
| Neuberger Focus Fund | 819 | 7.6% | 79.3% | 27.5% |
| Neuberger Small Cap Growth Fund | 789 | 8.5% | 87.6% | not reported |
| Neuberger Large Cap Growth Fund | 744 | 10.9% | 83.0% | 25.3% |
| Neuberger Mid Cap Growth Fund | 664 | 9.7% | 85.2% | 77.8% |
| Neuberger Multi-Cap Opportunities Fund | 604 | 5.6% | 93.0% | 36.7% |
| Neuberger Quality Equity Fund | 518 | 6.2% | 88.6% | 33.3% |
| Neuberger Real Estate Fund | 370 | 4.3% | 81.8% | not reported |
| Neuberger Berman Dividend Growth Fund | 102 | 4.2% | 100.0% | 33.3% |
| Neuberger U.S. Equity Impact Fund | 76 | 1.3% | 100.0% | 0.0% |
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 20 Aug 2026 accession 0001213900-26-092137
- Every N-PX filing by this filer on EDGAR
Questions
How did NEUBERGER BERMAN EQUITY FUNDS vote on executive pay?
In the year to 30 June 2026 NEUBERGER BERMAN EQUITY FUNDS reported 754 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 656 were for (87.0%), 98 against and 0 abstentions. Counting one item per company meeting, it voted against management on 76 of the 554 say-on-pay items it marked either way.
How often does NEUBERGER BERMAN EQUITY FUNDS vote against management?
6.4% of the time in the year to 30 June 2026: 877 of the 13,651 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 NEUBERGER BERMAN EQUITY FUNDS support shareholder proposals on climate?
In the category ENVIRONMENT OR CLIMATE it reported 81 votes on proposals from security holders in the year to 30 June 2026 and voted for 2 of them (2.5%). Across every category it voted for 29.1% 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 NEUBERGER BERMAN EQUITY FUNDS (filer no. 44402), 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.