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GOLDMAN SACHS TRUST
fund voting report, part of Goldman Sachs
- Vote records reported
- 99,343year to 30 June 2026
- Against management
- 4.3%4,176 of 97,623 marked votes
- Say-on-pay support
- 93.6%for, of for + against + abstain
- Shareholder-proposal support
- 16.7%for, of for + against + abstain
foragainstabstain, withhold or otheramber tick: the portion cast against management
GOLDMAN SACHS TRUST reported 99,343 vote records for the year to 30 June 2026. It marked 4.3% of its votes as cast against management (4,176 of 97,623), 2.0 percentage points below the median fund registrant, which was 6.2%.
Weighted by the number of shares voted, the against-management share is 6.5%. 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 93.6% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 16.7% of the proposals put forward by security holders (the median fund registrant: 27.5%).
By category, votes against management were most frequent in OTHER (23.3% of 253), SHAREHOLDER RIGHTS AND DEFENSES (19.1% of 288) and COMPENSATION (10.7% of 7,116).
It reported 706.4 million shares out on loan at record dates, 1.55% 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 | 4.3% | 6.2% | 10.6% |
| Say-on-pay support rate | 93.6% | 91.6% | 86.0% |
| Shareholder-proposal support rate | 16.7% | 27.5% | 33.9% |
| Shares on loan, share of shares held | 1.55% | 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 | 58,790 | 56,544 | 1,368 | 3.5% | |
| SECTION 14A SAY-ON-PAY VOTES | 6,233 | 5,381 | 365 | 6.4% | |
| AUDIT-RELATED | 8,143 | 8,041 | 99 | 1.0% | |
| INVESTMENT COMPANY MATTERS | 8 | 8 | 0 | 0.0% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 296 | 244 | 47 | 19.1% | |
| EXTRAORDINARY TRANSACTIONS | 679 | 663 | 16 | 1.8% | |
| CAPITAL STRUCTURE | 6,227 | 5,886 | 341 | 5.8% | |
| COMPENSATION | 7,182 | 6,339 | 833 | 10.7% | |
| CORPORATE GOVERNANCE | 10,900 | 9,536 | 1,343 | 5.0% | |
| ENVIRONMENT OR CLIMATE | 674 | 163 | 511 | 0.0% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 338 | 140 | 198 | 0.0% | |
| DIVERSITY, EQUITY, AND INCLUSION | 392 | 140 | 252 | 0.0% | |
| OTHER SOCIAL ISSUES | 970 | 335 | 635 | 0.7% | |
| OTHER | 535 | 191 | 296 | 23.3% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 102,215 | 7.6% | 91.7% | 16.4% | |
| year to 30 June 2025 | 110,782 | 6.5% | 93.4% | 14.8% | |
| year to 30 June 2026 | 99,343 | 4.3% | 93.6% | 16.7% |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, GOLDMAN SACHS TRUST voted against management on 181 of the 2,541 it marked either way (7.1%) in the year to 30 June 2026. The 40 companies with the most reporting filers are listed.
- NextEra Energy, Inc. 21 May 2026
- U.S. Bancorp 21 Apr 2026
- FREEPORT-MCMORAN INC. 10 Jun 2026
- Marsh & McLennan Companies, Inc. 21 May 2026
- Northrop Grumman Corporation 20 May 2026
- The Hershey Company 5 May 2026
- Cheniere Energy, Inc. 14 May 2026
- Realty Income Corporation 21 May 2026
- Microchip Technology Incorporated 19 Aug 2025
- Omnicom Group Inc. 5 May 2026
- Ulta Beauty, Inc. 9 Jun 2026
- The Estee Lauder Companies Inc. 13 Nov 2025
- Arch Capital Group Ltd. 5 May 2026
- CMS Energy Corporation 8 May 2026
- PG&E Corporation 21 May 2026
- Rocket Lab Corporation 27 Aug 2025
- Willis Towers Watson Public Limited Company 20 May 2026
- Global Payments Inc. 30 Apr 2026
- APA CORPORATION 21 May 2026
- HubSpot, Inc. 15 Jun 2026
- Graco Inc. 24 Apr 2026
- Toll Brothers, Inc. 10 Mar 2026
- Bio-Techne Corporation 30 Oct 2025
- MGM Resorts International 6 May 2026
- Qorvo, Inc. 13 Aug 2025
- CNH Industrial N.V. 8 May 2026
- Federal Realty Investment Trust 6 May 2026
- Chewy, Inc. 10 Jul 2025
- SouthState Bank Corporation 15 Apr 2026
- Matador Resources Company 11 Jun 2026
- Fluor Corporation 6 May 2026
- Etsy, Inc. 9 Jun 2026
- Primoris Services Corporation 30 Apr 2026
- Lear Corporation 14 May 2026
- American Financial Group, Inc. 20 May 2026
- UMB Financial Corporation 28 Apr 2026
- Churchill Downs Incorporated 21 Apr 2026
- Commerce Bancshares, Inc. 24 Apr 2026
- WEX Inc. 14 May 2026
- Bank OZK 18 May 2026
Shareholder proposals it supported
Of 745 proposals from security holders that could be told apart in the filings and on which it cast a vote, GOLDMAN SACHS TRUST voted for 147 (19.7%). 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 |
|---|---|---|
| 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 equal shareholder voting |
| Tesla, Inc. | 6 Nov 2025 | Shareholder proposal: CORPORATE GOVERNANCE |
| Starbucks Corporation | 25 Mar 2026 | Shareholder proposal requesting supermajority shareholder voting requirements be replaced with majority... |
| Palo Alto Networks, Inc. | 9 Dec 2025 | To consider and vote upon a shareholder proposal, if properly presented at the Annual Meeting, regarding... |
| Meta Platforms, Inc. | 27 May 2026 | A shareholder proposal regarding annual vote regarding executive pay. |
| 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. |
| United Parcel Service, Inc. | 7 May 2026 | To take steps to reduce the voting power of UPS class A stock from 10 votes per share to one vote per share. |
| FORD MOTOR COMPANY | 14 May 2026 | A shareholder proposal relating to a request that the Board take steps to implement one vote per share for... |
| FORD MOTOR COMPANY | 14 May 2026 | A shareholder proposal relating to public disclosure by share class of voting results on matters subject... |
| Snowflake Inc. | 29 Jun 2026 | To consider and vote on, if properly presented at the meeting, a non-binding stockholder proposal... |
| Cintas Corporation | 28 Oct 2025 | A shareholder proposal regarding support for shareholder ability to call for a special shareholder meeting. |
| AppLovin Corporation | 3 Jun 2026 | Stockholder proposal regarding disclosure of voting results by class of shares |
| Airbnb, Inc. | 5 Jun 2026 | Dual-class sunset; and |
| Datadog, Inc. | 15 Jun 2026 | The stockholder proposal, if properly presented at the Annual Meeting, requesting the adoption of a simple... |
| NRG Energy, Inc. | 30 Apr 2026 | To vote on a stockholder proposal to give shareholders the ability to call for a special shareholder meeting |
| Keysight Technologies, Inc. | 19 Mar 2026 | Consider, on a non-binding advisory basis, a Stockholder Proposal: Shareholder Ability to Call for a... |
| Workday, Inc. | 16 Jun 2026 | To consider and vote upon a stockholder proposal regarding disclosure of voting results based on share class. |
| Lennar Corporation | 8 Apr 2026 | Vote on a stockholder proposal on Disclosure of Voting Result by Share Class. |
| Lennar Corporation | 8 Apr 2026 | Shareholder proposal: SHAREHOLDER RIGHTS AND DEFENSES |
| ON Semiconductor Corporation | 14 May 2026 | To vote on a stockholder proposal regarding simple majority voting |
| Albemarle Corporation | 5 May 2026 | Shareholder Proposal regarding shareholders ability to call for a special shareholder meeting. |
| lululemon athletica inc. | 25 Jun 2026 | Declassify the Board of Directors |
| Zscaler, Inc. | 12 Jan 2026 | To vote on a non-binding stockholder proposal requesting the declassification of our board of directors. |
| Tyson Foods, Inc. | 5 Feb 2026 | Shareholder proposal regarding disclosure of voting results based on class of shares. |
| HubSpot, Inc. | 15 Jun 2026 | A stockholder proposal to change the Company's Sixth Amended and Restated Bylaws to allow 10% holders of... |
| Norwegian Cruise Line Holdings Ltd. | 11 Jun 2026 | A shareholder proposal requesting the declassification of our board of directors |
| Campbell Soup Company | 18 Nov 2025 | To vote on a shareholder proposal regarding simple majority voting. |
| Universal Health Services, Inc. | 20 May 2026 | Disclosure of Voting Results Based on Shareholders' Money at Risk |
| TransUnion | 12 May 2026 | Advisory vote on a stockholder proposal requesting a stockholder right to call a special meeting. |
| Fortune Brands Innovations, Inc. | 5 May 2026 | Advisory vote to approve named executive officer compensation |
| Henry Schein, Inc. | 21 May 2026 | Proposal to approve, by non-binding vote, a shareholder proposal to Govern by Majority Vote. |
| Five Below, Inc. | 16 Jun 2026 | Shareholder proposal requesting that provisions in the Company's governance documents requiring greater... |
| Fox Corporation | 14 Nov 2025 | Simple Majority Vote. |
| OGE Energy Corp. | 14 May 2026 | Shareholder Proposal Regarding Simple Majority Vote. |
| Eagle Materials Inc. | 4 Aug 2025 | Non-binding advisory stockholder proposal requesting the declassification of our Board of Directors. |
| AGCO Corporation | 23 Apr 2026 | Stockholder proposal regarding giving stockholders an ability to call for a special stockholder meeting |
| Wyndham Hotels & Resorts, Inc. | 14 May 2026 | To vote on a stockholder proposal, if properly presented at the meeting, regarding stockholder ability to... |
| Mohawk Industries, Inc. | 21 May 2026 | Stockholder proposal regarding a majority vote standard. |
Shares on loan
GOLDMAN SACHS TRUST reported 706.4 million shares on loan at record dates against 44.97 billion shares voted: 1.55% 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
43 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 |
|---|---|---|---|---|
| Goldman Sachs Absolute Return Tracker Fund | 26,984 | 3.9% | 92.8% | 11.7% |
| Goldman Sachs Global Managed Beta Fund | 7,166 | 3.6% | 96.7% | 9.4% |
| Goldman Sachs International Small Cap Insights Fund | 7,040 | 7.1% | not reported | 38.0% |
| Goldman Sachs International Equity Insights Fund | 6,729 | 4.8% | not reported | 26.4% |
| Goldman Sachs International Equity Dividend and Premium Fund | 4,612 | 5.5% | not reported | 40.4% |
| Goldman Sachs Emerging Markets Equity Insights Fund | 4,595 | 10.2% | not reported | 60.0% |
| Goldman Sachs Small Cap Equity Insights Fund | 4,565 | 3.9% | 93.2% | 20.0% |
| Goldman Sachs International Tax-Managed Equity Fund | 4,472 | 6.8% | not reported | 19.0% |
| Goldman Sachs Small Cap Value Insights Fund | 4,096 | 3.3% | 92.0% | 22.2% |
| Goldman Sachs Small Cap Growth Insights Fund | 3,436 | 3.7% | 96.2% | 20.0% |
| Goldman Sachs U.S. Tax-Managed Equity Fund | 2,815 | 1.9% | 94.8% | 9.7% |
| Goldman Sachs U.S. Equity Dividend and Premium Fund | 2,359 | 2.0% | 97.2% | 7.1% |
| Goldman Sachs Large Cap Core Fund (GST) | 1,844 | 1.8% | 95.4% | 8.0% |
| Goldman Sachs Large Cap Value Insights Fund | 1,827 | 1.4% | 98.6% | 9.0% |
| Goldman Sachs Emerging Markets Equity Fund | 1,746 | 8.5% | not reported | 34.8% |
| Goldman Sachs Small Cap Value Fund | 1,687 | 1.2% | 92.6% | 0.0% |
| Goldman Sachs U.S. Equity Insights Fund | 1,514 | 1.3% | 99.1% | 9.5% |
| Goldman Sachs Income Builder Fund | 1,348 | 0.6% | 93.0% | 4.3% |
| Goldman Sachs Equity Income Fund | 1,215 | 0.6% | 94.6% | 4.5% |
| Goldman Sachs Mid Cap Value Fund | 1,093 | 1.4% | 90.5% | 26.9% |
| Goldman Sachs Large Cap Growth Insights Fund | 991 | 3.3% | 98.8% | 13.4% |
| Goldman Sachs Small/Mid Cap Equity Fund | 970 | 2.3% | 92.2% | 16.7% |
| Goldman Sachs Large Cap Value Fund | 876 | 1.0% | 95.2% | 6.3% |
| Goldman Sachs Small/Mid Cap Growth Fund | 846 | 3.5% | 96.6% | 0.0% |
| Goldman Sachs International Equity ESG Fund (formerly Goldman Sachs Focused International Equity Fund) | 838 | 2.4% | not reported | 60.0% |
| Goldman Sachs Mid Cap Growth Fund | 755 | 4.6% | 98.5% | 35.7% |
| Goldman Sachs Global Infrastructure Fund | 688 | 1.0% | 84.0% | 14.3% |
| Goldman Sachs Emerging Markets Equity ex. China Fund | 651 | 3.9% | not reported | 0.0% |
| Goldman Sachs ESG Emerging Markets Equity Fund | 577 | 6.9% | not reported | 20.0% |
| Goldman Sachs Real Estate Securities Fund | 384 | 0.8% | 94.1% | not reported |
| Goldman Sachs Enhanced U.S. Equity Fund | 182 | 1.7% | 100.0% | 5.6% |
| Goldman Sachs Technology Opportunities Fund | 152 | 5.3% | 91.7% | 7.1% |
| Goldman Sachs Strategic Growth Fund | 89 | 6.9% | 100.0% | 6.7% |
| Goldman Sachs High Yield Fund | 61 | 21.3% | not reported | not reported |
| Goldman Sachs Income Fund | 38 | 31.6% | not reported | not reported |
| Goldman Sachs Strategic Income Fund (GSETF) | 35 | 68.6% | not reported | not reported |
| Goldman Sachs High Yield Floating Rate Fund | 16 | 6.3% | not reported | not reported |
| Goldman Sachs Tax-Advantaged Global Equity Portfolio | 12 | 0.0% | not reported | not reported |
| Goldman Sachs Investor Tax-Exempt New York Money Market Fund | 12 | 0.0% | not reported | not reported |
| Goldman Sachs Short Duration Bond Fund (formerly Goldman Sachs Short Duration Income Fund) | 11 | 27.3% | not reported | not reported |
| Goldman Sachs Short Duration High Yield Fund | 6 | 0.0% | not reported | not reported |
| Goldman Sachs Investor Tax-Exempt Money Market Fund | 5 | 0.0% | not reported | not reported |
| Goldman Sachs Focused Value Fund | 5 | 20.0% | not reported | not 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.
- N-PX filed 31 Aug 2026 accession 0001193125-26-375336
- Every N-PX filing by this filer on EDGAR
Questions
How did GOLDMAN SACHS TRUST vote on executive pay?
In the year to 30 June 2026 GOLDMAN SACHS TRUST reported 5,746 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 5,381 were for (93.6%), 365 against and 0 abstentions. Counting one item per company meeting, it voted against management on 181 of the 2,541 say-on-pay items it marked either way.
How often does GOLDMAN SACHS TRUST vote against management?
4.3% of the time in the year to 30 June 2026: 4,176 of the 97,623 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 GOLDMAN SACHS TRUST support shareholder proposals on climate?
In the category ENVIRONMENT OR CLIMATE it reported 511 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 16.7% 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 GOLDMAN SACHS TRUST (filer no. 822977), 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.