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Form N-PX · fund seriesSEC series no. S000004067

Master Total Return Portfolio

A series of MASTER BOND LLC

Vote records
785year to 30 June 2025
Against management
6.0%32 of 533 marked votes
Say-on-pay support
94.3%for, of for + against + abstain
Shareholder-proposal support
4.5%for, of for + against + abstain

Master Total Return Portfolio is a series of MASTER BOND LLC. For the year to 30 June 2025 its registrant reported 785 vote records for the series; 6.0% of the votes marked for or against management went against management. It voted for 94.3% of say-on-pay items and for 4.5% of proposals from security holders.

Compared with its registrant and family

year to 30 June 2025This seriesIts registrantBlackRock and iSharesMedian fund registrant
Against-management share6.0%6.0%7.5%6.1%
Say-on-pay support rate94.3%94.3%89.3%91.3%
Shareholder-proposal support rate4.5%4.5%7.6%23.5%

Votes by category

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

Category (as the form names it)VotesForAgainstAgainst managementSplit
DIRECTOR ELECTIONS372351135.6%
SECTION 14A SAY-ON-PAY VOTES4233211.9%
AUDIT-RELATED404000.0%
SHAREHOLDER RIGHTS AND DEFENSES12758.3%
EXTRAORDINARY TRANSACTIONS32133.3%
CAPITAL STRUCTURE74214.3%
COMPENSATION1311215.4%
CORPORATE GOVERNANCE2412114.3%
ENVIRONMENT OR CLIMATE131120.0%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE151146.7%
DIVERSITY, EQUITY, AND INCLUSION120120.0%
OTHER SOCIAL ISSUES150150.0%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
year to 30 June 20257856.0%94.3%4.5%

Questions

How often did Master Total Return Portfolio vote against management?

6.0% of the votes its registrant marked for or against management in the year to 30 June 2025 (32 of 533).

How did Master Total Return Portfolio vote on executive pay?

It voted for 33 of 35 say-on-pay items cast for, against or abstain (94.3%).

Is this the result of the meetings?

No. Form N-PX shows how the fund voted the shares it held. It does not show how other shareholders voted or what the outcome was.

Where does the data come from?

From the Form N-PX filed by MASTER BOND LLC, which lists the series that cast each vote. The SEC does not verify the contents. Data runs through 23 Sep 2026.

Provenance: SEC EDGAR, Form N-PX filed by MASTER BOND LLC (filer no. 1264926); votes attributed to series S000004067 by the filer. Not verified by the SEC. Filings read through 23 Sep 2026.