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Form N-PX · fund registrantSEC filer no. 844779

BLACKROCK FUNDS

fund voting report, part of BlackRock and iShares

Vote records reported
127,147year to 30 June 2026
Against management
5.2%6,454 of 123,892 marked votes
Say-on-pay support
93.7%for, of for + against + abstain
Shareholder-proposal support
12.5%for, of for + against + abstain
92.8% for4.9% against2.3% other5.2% against management124,425 votes

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

BLACKROCK FUNDS reported 127,147 vote records for the year to 30 June 2026. It marked 5.2% of its votes as cast against management (6,454 of 123,892), 1.0 percentage points below the median fund registrant, which was 6.2%.

Weighted by the number of shares voted, the against-management share is 2.9%. 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 93.7% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 12.5% 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 (16.0% of 2,943), CORPORATE GOVERNANCE (10.1% of 11,565) and HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE (9.5% of 263).

It reported 273.2 million shares out on loan at record dates, 1.93% 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 share5.2%6.2%10.6%
Say-on-pay support rate93.7%91.6%86.0%
Shareholder-proposal support rate12.5%27.5%33.9%
Shares on loan, share of shares held1.93%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 ELECTIONS72,75769,6191,3644.1%
SECTION 14A SAY-ON-PAY VOTES10,1548,8665946.5%
AUDIT-RELATED10,73610,5881091.3%
INVESTMENT COMPANY MATTERS7700.0%
SHAREHOLDER RIGHTS AND DEFENSES1,3669144469.3%
EXTRAORDINARY TRANSACTIONS2,9462,46547916.0%
CAPITAL STRUCTURE7,6927,2354415.9%
COMPENSATION7,9917,3945766.8%
CORPORATE GOVERNANCE11,7719,5761,91310.1%
ENVIRONMENT OR CLIMATE330422856.1%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE265252409.5%
DIVERSITY, EQUITY, AND INCLUSION10911080.9%
OTHER SOCIAL ISSUES5503451993.8%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 2024126,8134.7%94.8%23.2%
year to 30 June 2025131,4945.1%94.7%7.7%
year to 30 June 2026127,1475.2%93.7%12.5%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, BLACKROCK FUNDS voted against management on 206 of the 3,125 it marked either way (6.6%) in the year to 30 June 2026. The 40 companies with the most reporting filers are listed.

A further 51 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 514 proposals from security holders that could be told apart in the filings and on which it cast a vote, BLACKROCK FUNDS voted for 73 (14.2%). 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 a report on AI-generated misinformation
Alphabet Inc.5 Jun 2026Shareholder proposal regarding a report on impact of U.S. immigration policy
Alphabet Inc.5 Jun 2026Shareholder proposal regarding equal shareholder voting
Walmart Inc.4 Jun 2026Report on Workplace Health and Safety Governance
Berkshire Hathaway Inc.2 May 2026Shareholder proposal requesting that the Company issue a report disclosing the Board's oversight framework...
The Coca-Cola Company29 Apr 2026Vote on a shareowner proposal requesting a report on the Company's plans to increase sustainability disclosure
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
Adobe Inc.15 Apr 2026Stockholder Proposal Regarding Vote on Golden Parachutes.
PALANTIR TECHNOLOGIES INC.3 Jun 2026Stockholder proposal entitled "Human Rights Impact Assessment,"
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 2026Shareholder Proposal Regarding Data Protection Impact Assessment
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.
O'Reilly Automotive, Inc.14 May 2026Shareholder proposal entitled "Avoid Brand Damage due to Corporate Political Spending."
FORD MOTOR COMPANY14 May 2026A shareholder proposal relating to a request that the Board take steps to implement one vote per share for...
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...
Charter Communications, Inc.21 Apr 2026Stockholder proposal regarding political expenditures report.
Workday, Inc.16 Jun 2026To consider and vote upon a stockholder proposal regarding disclosure of voting results based on 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
Zscaler, Inc.12 Jan 2026To vote on a non-binding stockholder proposal requesting the declassification of our board of directors.
BJ's Wholesale Club Holdings, Inc.18 Jun 2026Vote on a shareholder proposal regarding a report on greenhouse gas emissions reduction efforts
Norwegian Cruise Line Holdings Ltd.11 Jun 2026To consider and vote upon one shareholder proposal
Campbell Soup Company18 Nov 2025To vote on a shareholder proposal regarding simple majority voting.
NVR, Inc.7 May 2026Shareholder proposal to disclose greenhouse gas emissions.
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.
OGE Energy Corp.14 May 2026Shareholder Proposal Regarding Simple Majority Vote.
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...
Mohawk Industries, Inc.21 May 2026Stockholder proposal regarding a majority vote standard.
Bio-Rad Laboratories, Inc.21 Apr 2026Stockholder proposal regarding dual class capital structure.
SkyWest, Inc.5 May 2026A shareholder proposal regarding collective bargaining policy.

Shares on loan

BLACKROCK FUNDS reported 273.2 million shares on loan at record dates against 13.89 billion shares voted: 1.93% 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

27 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
iShares Total U.S. Stock Market Index Fund25,6163.5%95.3%7.1%
iShares Russell Small/Mid-Cap Index Fund20,8494.7%94.6%13.0%
BlackRock Tactical Opportunities Fund11,9183.5%93.1%12.0%
iShares Russell Mid-Cap Index Fund8,7512.7%95.5%9.4%
BlackRock Advantage International Fund7,3883.5%92.4%63.6%
BlackRock Advantage Small Cap Core Fund6,9884.9%94.3%26.7%
BlackRock Advantage Emerging Markets Fund5,4339.4%77.4%16.7%
BlackRock China A Opportunities Fund5,37818.1%not reportednot reported
BlackRock Sustainable Aware Advantage International Equity Fund5,3443.0%91.8%13.9%
BlackRock Advantage Small Cap Growth Fund5,0215.4%93.8%28.0%
iShares Developed Real Estate Index Fund4,1075.7%85.8%not reported
BlackRock Sustainable Aware Advantage Emerging Markets Equity Fund3,55810.3%73.5%0.0%
BlackRock Defensive Advantage Emerging Markets Fund2,82313.1%55.6%not reported
BlackRock Sustainable Aware Advantage Large Cap Core Fund2,7763.0%94.3%10.4%
BlackRock Advantage Large Cap Growth Fund2,0104.1%96.1%13.2%
BlackRock Commodity Strategies Fund1,5303.5%98.2%17.6%
iShares FTSE NAREIT All Equity REIT Index Fund1,3101.7%96.1%not reported
BlackRock High Equity Income Fund1,2674.0%91.8%8.3%
BlackRock Health Sciences Opportunities Portfolio1,2063.4%92.2%0.0%
BlackRock Emerging Markets ex-China Fund1,12013.2%47.4%not reported
BlackRock Technology Opportunities Fund6005.2%89.2%22.2%
BlackRock Real Estate Securities Fund4893.9%95.3%not reported
BlackRock Mid-Cap Growth Equity Portfolio4715.5%90.7%33.3%
BlackRock Exchange Portfolio4012.0%100.0%6.3%
BlackRock Energy Opportunities Fund3611.7%100.0%0.0%
BlackRock Sustainable Aware Advantage Global Equity Fund2396.3%100.0%not reported
BlackRock Global Equity Market Neutral Fund1939.3%100.0%25.0%

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 BLACKROCK FUNDS vote on executive pay?

In the year to 30 June 2026 BLACKROCK FUNDS reported 9,460 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 8,866 were for (93.7%), 594 against and 0 abstentions. Counting one item per company meeting, it voted against management on 206 of the 3,125 say-on-pay items it marked either way. A further 51 say-on-pay items were reported without a management mark and are not counted in that figure.

How often does BLACKROCK FUNDS vote against management?

5.2% of the time in the year to 30 June 2026: 6,454 of the 123,892 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 BLACKROCK FUNDS support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 274 votes on proposals from security holders in the year to 30 June 2026 and voted for 17 of them (6.2%). Across every category it voted for 12.5% 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 BLACKROCK FUNDS (filer no. 844779), 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.