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Form N-PX · fund registrantSEC filer no. 886244

UBS FUNDS

fund voting report

Vote records reported
10,164year to 30 June 2026
Against management
11.8%1,162 of 9,827 marked votes
Say-on-pay support
60.0%for, of for + against + abstain
Shareholder-proposal support
53.8%for, of for + against + abstain
88.2% for10.5% against1.3% other11.8% against management9,842 votes

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

UBS FUNDS reported 10,164 vote records for the year to 30 June 2026. It marked 11.8% of its votes as cast against management (1,162 of 9,827), 5.6 percentage points above the median fund registrant, which was 6.2%.

Weighted by the number of shares voted, the against-management share is 14.1%. 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 60.0% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 53.8% 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 (41.7% of 36), SECTION 14A SAY-ON-PAY VOTES (38.6% of 567) and HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE (28.3% of 60).

It reported 113.1 million shares out on loan at record dates, 13.44% 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 share11.8%6.2%10.6%
Say-on-pay support rate60.0%91.6%86.0%
Shareholder-proposal support rate53.8%27.5%33.9%
Shares on loan, share of shares held13.44%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 ELECTIONS6,3555,8663887.6%
SECTION 14A SAY-ON-PAY VOTES56732521738.6%
AUDIT-RELATED70569691.3%
INVESTMENT COMPANY MATTERS2200.0%
SHAREHOLDER RIGHTS AND DEFENSES3628841.7%
EXTRAORDINARY TRANSACTIONS5748912.3%
CAPITAL STRUCTURE5164269019.8%
COMPENSATION4813869517.7%
CORPORATE GOVERNANCE1,0409657219.0%
ENVIRONMENT OR CLIMATE125467920.8%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE60362428.3%
DIVERSITY, EQUITY, AND INCLUSION7623534.0%
OTHER SOCIAL ISSUES1875812910.7%
OTHER201460.0%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 20246,68810.7%56.4%44.4%
year to 30 June 20255,98711.1%49.3%35.0%
year to 30 June 202610,16411.8%60.0%53.8%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, UBS FUNDS voted against management on 187 of the 458 it marked either way (40.8%) in the year to 30 June 2026. The 40 companies with the most reporting filers are listed.

A further 9 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 341 proposals from security holders that could be told apart in the filings and on which it cast a vote, UBS FUNDS voted for 192 (56.3%). 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
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 reporting on greenhouse gas emissions from the...
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 a report on AI-generated misinformation
Alphabet Inc.5 Jun 2026Shareholder proposal regarding a report on data privacy
Alphabet Inc.5 Jun 2026Shareholder proposal regarding equal shareholder voting
Alphabet Inc.5 Jun 2026Shareholder proposal regarding an enhanced disclosure on climate goals
Visa Inc.27 Jan 2026Shareholder proposal on shareholder right to act by written consent.
Visa Inc.27 Jan 2026Require Independent Board Chair
JPMorgan Chase & Co.19 May 2026Independent board chairman
Johnson & Johnson23 Apr 2026Independent Board Chair
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.
AbbVie Inc.8 May 2026Stockholder Proposal - to Adopt a Policy to Require an Independent Chair
Netflix, Inc.4 Jun 2026Stockholder proposal entitled, "Proposal 4 - Shareholder Right to Act by Written Consent,"
The Home Depot, Inc.21 May 2026Shareholder Proposal Regarding Report on Packaging Policies for Plastics
The Home Depot, Inc.21 May 2026Shareholder Proposal Regarding Independent Board Chair
CHEVRON CORPORATION27 May 2026Adopt an Independent Chair
CHEVRON CORPORATION27 May 2026Commission a Third-Party Report on Human Rights Processes
Bank of America Corporation4 May 2026Shareholder proposal requesting independent board chair
UnitedHealth Group Incorporated1 Jun 2026If properly presented at the 2026 Annual Meeting of Shareholders, the shareholder proposal requesting the...
PEPSICO, INC.6 May 2026Shareholder Proposal - Report on Human Rights Oversight.
PEPSICO, INC.6 May 2026Shareholder Proposal - Independent Board Chair.
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
Advanced Micro Devices, Inc.13 May 2026Stockholder proposal requesting changes to the stockholder right to call a special meeting.
GE Aerospace5 May 2026Shareholder Proposal Requesting Report on Defense-Related Products
McDonald's Corporation20 May 2026Advisory Vote to Adopt Policy for an Independent Chair.
McDonald's Corporation20 May 2026Advisory Vote on Shareholders' Right to Act by Written Consent.
NextEra Energy, Inc.21 May 2026Report on Plans to Reduce and Align GHG Emissions with Paris Agreement Goals
QUALCOMM Incorporated17 Mar 2026Stockholder proposal entitled "Shareholder Ability to Call for a Special Meeting."
International Business Machines Corporation28 Apr 2026Stockholder Proposal Requesting a Right to Act by Written Consent
CATERPILLAR INC.10 Jun 2026Shareholder Proposal - Shareholder Right to Act by Written Consent
Pfizer Inc.23 Apr 2026Adopt an Independent Chair Policy
AT&T INC.14 May 2026EEO-1 Report Disclosure Policy
AT&T INC.14 May 2026Shareholder Right to Act by Written Consent

Shares on loan

UBS FUNDS reported 113.1 million shares on loan at record dates against 728.8 million shares voted: 13.44% 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

7 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
UBS GLOBAL ALLOCATION FUND6,75012.8%60.0%57.5%
UBS International Sustainable Equity Fund1,0998.2%33.3%28.6%
UBS Engage For Impact Fund7128.8%59.3%50.0%
UBS Emerging Markets Equity Opportunity Fund6879.6%not reportednot reported
UBS US Dividend Ruler Fund4789.2%69.0%43.2%
UBS US Quality Growth At Reasonable Price Fund38315.7%61.5%46.4%
UBS U.S. SMALL CAP GROWTH FUND5520.0%16.7%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.

Questions

How did UBS FUNDS vote on executive pay?

In the year to 30 June 2026 UBS FUNDS reported 542 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 325 were for (60.0%), 217 against and 0 abstentions. Counting one item per company meeting, it voted against management on 187 of the 458 say-on-pay items it marked either way. A further 9 say-on-pay items were reported without a management mark and are not counted in that figure.

How often does UBS FUNDS vote against management?

11.8% of the time in the year to 30 June 2026: 1,162 of the 9,827 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 UBS FUNDS support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 103 votes on proposals from security holders in the year to 30 June 2026 and voted for 25 of them (24.3%). Across every category it voted for 53.8% 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 UBS FUNDS (filer no. 886244), 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.