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Form N-PX · fund registrantSEC filer no. 911637

MFS SERIES TRUST XI

fund voting report, part of MFS

Vote records reported
3,527year to 30 June 2026
Against management
4.7%165 of 3,523 marked votes
Say-on-pay support
95.6%for, of for + against + abstain
Shareholder-proposal support
27.3%for, of for + against + abstain
92.7% for5.7% against1.6% other4.7% against management3,527 votes

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

MFS SERIES TRUST XI reported 3,527 vote records for the year to 30 June 2026. It marked 4.7% of its votes as cast against management (165 of 3,523), 1.5 percentage points below the median fund registrant, which was 6.2%.

Weighted by the number of shares voted, the against-management share is 3.6%. 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 95.6% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 27.3% of the proposals put forward by security holders (the median fund registrant: 27.5%).

By category, votes against management were most frequent in CORPORATE GOVERNANCE (22.7% of 176), OTHER SOCIAL ISSUES (16.4% of 55) and ENVIRONMENT OR CLIMATE (14.6% of 41).

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 share4.7%6.2%10.6%
Say-on-pay support rate95.6%91.6%86.0%
Shareholder-proposal support rate27.3%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 ELECTIONS2,5552,465473.5%
SECTION 14A SAY-ON-PAY VOTES263239114.6%
AUDIT-RELATED27127100.0%
SHAREHOLDER RIGHTS AND DEFENSES139438.5%
EXTRAORDINARY TRANSACTIONS87112.5%
CAPITAL STRUCTURE777705.2%
COMPENSATION9986138.2%
CORPORATE GOVERNANCE1781106322.7%
ENVIRONMENT OR CLIMATE4173414.6%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE172155.9%
DIVERSITY, EQUITY, AND INCLUSION1931610.5%
OTHER SOCIAL ISSUES55124316.4%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 20243,4415.2%93.0%30.7%
year to 30 June 20253,3254.9%95.3%23.3%
year to 30 June 20263,5274.7%95.6%27.3%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, MFS SERIES TRUST XI voted against management on 10 of the 227 it marked either way (4.4%) in the year to 30 June 2026.

Shareholder proposals it supported

Of 170 proposals from security holders that could be told apart in the filings and on which it cast a vote, MFS SERIES TRUST XI voted for 44 (25.9%). 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
Amazon.com, Inc.20 May 2026Shareholder proposal requesting a report on impact of climate commitments
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 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 equal shareholder voting
Netflix, Inc.4 Jun 2026Stockholder proposal entitled, "Proposal 4 - Shareholder Right to Act by Written Consent,"
Berkshire Hathaway Inc.2 May 2026Shareholder proposal requesting that the Company issue a report disclosing the Board's oversight framework...
Tesla, Inc.6 Nov 2025A shareholder proposal to amend the bylaws to repeal 3% derivative suit ownership threshold.
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
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."
CATERPILLAR INC.10 Jun 2026Shareholder Proposal - Shareholder Right to Act by Written Consent
Wells Fargo & Company28 Apr 2026Shareholder Proposal - Govern by Majority Vote.
The Goldman Sachs Group, Inc.29 Apr 2026Shareholder Proposal Regarding Lobbying Disclosure
Deere & Company25 Feb 2026Shareholder proposal on shareholder right to act by written consent
Booking Holdings Inc.2 Jun 2026Non-binding stockholder vote on a proposal to avoid brand damage due to corporate political spending.
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.
The Cigna Group22 Apr 2026Shareholder Proposal - Shareholder Right to Act by Written Consent
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...
FORD MOTOR COMPANY14 May 2026A shareholder proposal relating to public disclosure by share class of voting results on matters subject...
Otis Worldwide Corporation27 May 2026Shareholder proposal regarding reporting on political contributions and expenditures
General Mills, Inc.30 Sep 2025Shareholder Proposal - Disclosure of Regenerative Agriculture Practices Within Supply Chain.
Delta Air Lines, Inc.18 Jun 2026A shareholder proposal requesting the ability for shareholders to act by written consent.
Airbnb, Inc.5 Jun 2026Dual-class sunset; and
The Hartford Insurance Group, Inc.20 May 2026Shareholder proposal that the Company adopt written consent rights for shareholders
Verisk Analytics, Inc.19 May 2026Shareholder Proposal - Shareholder Right to Act by Written Consent.
Darden Restaurants, Inc.17 Sep 2025To vote on a shareholder proposal requesting the Company disclose measurable targets for reducing...
Albemarle Corporation5 May 2026Shareholder Proposal regarding shareholders ability to call for a special shareholder meeting.
BJ's Wholesale Club Holdings, Inc.18 Jun 2026Vote on a shareholder proposal regarding a report on greenhouse gas emissions reduction efforts
BJ's Wholesale Club Holdings, Inc.18 Jun 2026Vote on a shareholder proposal regarding adopting a majority voting standard
Campbell Soup Company18 Nov 2025To vote on a shareholder proposal regarding simple majority voting.
Universal Health Services, Inc.20 May 2026Stockholder proposal to adopt a policy requiring Universal Health Services, Inc. to publicly disclose its...
Universal Health Services, Inc.20 May 2026Disclosure of Voting Results Based on Shareholders' Money at Risk

Shares on loan

MFS SERIES TRUST XI 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

2 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
MFS Mid Cap Value Fund1,8943.6%98.6%32.5%
MFS Blended Research Core Equity Fund1,6335.9%92.0%25.7%

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 MFS SERIES TRUST XI vote on executive pay?

In the year to 30 June 2026 MFS SERIES TRUST XI reported 250 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 239 were for (95.6%), 11 against and 0 abstentions. Counting one item per company meeting, it voted against management on 10 of the 227 say-on-pay items it marked either way.

How often does MFS SERIES TRUST XI vote against management?

4.7% of the time in the year to 30 June 2026: 165 of the 3,523 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 MFS SERIES TRUST XI support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 40 votes on proposals from security holders in the year to 30 June 2026 and voted for 6 of them (15.0%). Across every category it voted for 27.3% 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 MFS SERIES TRUST XI (filer no. 911637), 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.