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Form N-PX · fund registrantSEC filer no. 822632

WILLIAM BLAIR FUNDS

fund voting report

Vote records reported
22,586year to 30 June 2026
Against management
7.8%1,714 of 21,966 marked votes
Say-on-pay support
93.0%for, of for + against + abstain
Shareholder-proposal support
50.1%for, of for + against + abstain
90.2% for7.4% against2.4% other7.8% against management22,439 votes

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

WILLIAM BLAIR FUNDS reported 22,586 vote records for the year to 30 June 2026. It marked 7.8% of its votes as cast against management (1,714 of 21,966), 1.6 percentage points above the median fund registrant, which was 6.2%.

Weighted by the number of shares voted, the against-management share is 11.2%. 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 93.0% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 50.1% of the proposals put forward by security holders (the median fund registrant: 27.5%).

By category, votes against management were most frequent in SHAREHOLDER RIGHTS AND DEFENSES (29.1% of 55), COMPENSATION (15.8% of 2,531) and EXTRAORDINARY TRANSACTIONS (14.5% of 228).

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 share7.8%6.2%10.6%
Say-on-pay support rate93.0%91.6%86.0%
Shareholder-proposal support rate50.1%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%

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 ELECTIONS10,1299,2064857.0%
SECTION 14A SAY-ON-PAY VOTES661573436.2%
AUDIT-RELATED1,5971,541562.9%
INVESTMENT COMPANY MATTERS1100.0%
SHAREHOLDER RIGHTS AND DEFENSES70441129.1%
EXTRAORDINARY TRANSACTIONS2281953314.5%
CAPITAL STRUCTURE2,6952,5411545.8%
COMPENSATION2,5602,14840615.8%
CORPORATE GOVERNANCE5,2414,8053887.1%
ENVIRONMENT OR CLIMATE8440440.0%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE57451214.0%
DIVERSITY, EQUITY, AND INCLUSION5737200.0%
OTHER SOCIAL ISSUES186114728.6%
OTHER147102442.8%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 202422,34710.0%91.7%61.5%
year to 30 June 202522,5158.3%92.6%52.2%
year to 30 June 202622,5867.8%93.0%50.1%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, WILLIAM BLAIR FUNDS voted against management on 18 of the 341 it marked either way (5.3%) in the year to 30 June 2026.

Shareholder proposals it supported

Of 148 proposals from security holders that could be told apart in the filings and on which it cast a vote, WILLIAM BLAIR FUNDS voted for 71 (48.0%). 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
Microsoft Corporation5 Dec 2025Report on Human Rights Due Diligence
Microsoft Corporation5 Dec 2025Report on Data Operations in Human Rights Hotspots
NVIDIA Corporation24 Jun 2026Approval of a non-binding stockholder proposal requesting the replacement of supermajority voting...
Alphabet Inc.5 Jun 2026Shareholder proposal regarding a report on AI data usage oversight
Alphabet Inc.5 Jun 2026Shareholder proposal regarding equal shareholder voting
JPMorgan Chase & Co.19 May 2026Independent board chairman
Mastercard Incorporated16 Jun 2026Consideration of a stockholder proposal regarding shareholder right to act by written consent
Eli Lilly and Company4 May 2026Shareholder proposal to adopt a policy and amend the bylaws to require an independent board chair.
Netflix, Inc.4 Jun 2026Stockholder proposal entitled, "Proposal 4 - Shareholder Right to Act by Written Consent,"
Advanced Micro Devices, Inc.13 May 2026Stockholder proposal requesting changes to the stockholder right to call a special meeting.
ServiceNow, Inc.21 May 2026Shareholder proposal regarding shareholder right to act by written consent.
Texas Instruments Incorporated16 Apr 2026Stockholder proposal to permit stockholders to act by written consent.
Lam Research Corporation4 Nov 2025Stockholder proposal titled "Realistic Shareholder Ability to Call for a Special Shareholder Meeting,"
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.
Vertex Pharmaceuticals Incorporated13 May 2026Shareholder proposal, if properly presented at the meeting, regarding shareholder right to act by written...
O'Reilly Automotive, Inc.14 May 2026Shareholder proposal entitled "Avoid Brand Damage due to Corporate Political Spending."
Snowflake Inc.29 Jun 2026To consider and vote on, if properly presented at the meeting, a non-binding stockholder proposal...
IDEXX Laboratories, Inc.12 May 2026Shareholder Proposal to Give Shareholders the Ability to Call for a Special Shareholder Meeting (Proposal...
The Hartford Insurance Group, Inc.20 May 2026Shareholder proposal that the Company adopt written consent rights for shareholders
Cognizant Technology Solutions Corporation2 Jun 2026Shareholder proposal to adopt shareholder right to act by written consent
Dover Corporation8 May 2026To consider a shareholder proposal requesting an independent board chair.
Verisk Analytics, Inc.19 May 2026Shareholder Proposal - Shareholder Right to Act by Written Consent.
Avery Dennison Corporation30 Apr 2026Require Independent Board Chair
Jabil Inc.22 Jan 2026Vote on a stockholder proposal requesting stockholder right to act by written consent.
Tyson Foods, Inc.5 Feb 2026Shareholder proposal regarding disclosure of voting results based on class of shares.
Akamai Technologies, Inc.13 May 2026To vote upon a shareholder proposal requiring the Company to provide a report on political spending.
West Pharmaceutical Services, Inc.4 May 2026Shareholder proposal regarding an independent Board Chair policy.
Crown Holdings, Inc.30 Apr 2026Consideration of a Shareholder proposal regarding Shareholder right to act by written consent.
TransUnion12 May 2026Advisory vote on a stockholder proposal requesting a stockholder right to call a special meeting.
The Timken Company8 May 2026Corporate governance
Knight-Swift Transportation Holdings Inc.12 May 2026Vote on a stockholder proposal regarding support for transparency in political spending.
Eagle Materials Inc.4 Aug 2025Non-binding advisory stockholder proposal requesting the declassification of our Board of Directors.
Wyndham Hotels & Resorts, Inc.14 May 2026To vote on a stockholder proposal, if properly presented at the meeting, regarding stockholder ability to...
SkyWest, Inc.5 May 2026A shareholder proposal regarding collective bargaining policy.
Americold Realty Trust18 May 2026Other issues
ICU Medical, Inc.13 May 2026To approve, on an advisory basis, a stockholder proposal to establish a 10% stockholder special meeting right.
Contemporary Amperex Technology Co., Ltd.25 Dec 2025Shareholder proposal: CAPITAL STRUCTURE
Gjensidige Forsikring ASA26 Mar 2026Amend Articles: Board Related

Shares on loan

WILLIAM BLAIR FUNDS 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

18 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
William Blair International Growth Fund2,6775.0%100.0%62.5%
William Blair Institutional International Growth Fund2,6775.0%100.0%62.5%
William Blair International Small Cap Growth Fund2,0899.0%not reported80.0%
William Blair Emerging Markets Growth Fund1,9829.8%not reported44.4%
William Blair Emerging Markets Small Cap Growth Fund1,94113.4%not reported42.1%
William Blair Emerging Markets ex China Growth Fund1,4708.6%not reported36.4%
William Blair China Growth Fund1,14615.5%not reported100.0%
William Blair Small Cap Value Fund1,0454.7%96.1%80.0%
William Blair Small-Mid Cap Value Fund9164.0%94.9%100.0%
William Blair Small-Mid Cap Core Fund8984.8%96.4%55.6%
William Blair Global Leaders Fund8586.4%87.5%28.3%
William Blair Emerging Markets Leaders Fund8378.6%not reported16.7%
William Blair International Leaders Fund8102.9%not reported0.0%
William Blair Mid Cap Value Fund7344.5%92.3%66.7%
William Blair Small Cap Growth Fund7259.4%96.2%not reported
William Blair Small-Mid Cap Growth Fund70511.4%94.7%50.0%
William Blair Growth Fund6058.3%87.5%32.7%
William Blair Large Cap Growth Fund4719.6%84.8%37.3%

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 WILLIAM BLAIR FUNDS vote on executive pay?

In the year to 30 June 2026 WILLIAM BLAIR FUNDS reported 616 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 573 were for (93.0%), 43 against and 0 abstentions. Counting one item per company meeting, it voted against management on 18 of the 341 say-on-pay items it marked either way.

How often does WILLIAM BLAIR FUNDS vote against management?

7.8% of the time in the year to 30 June 2026: 1,714 of the 21,966 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 WILLIAM BLAIR FUNDS support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 44 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 50.1% 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 WILLIAM BLAIR FUNDS (filer no. 822632), 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.