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DEUTSCHE BOERSE AG 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings. Page generated October 18, 2026.

  • 26Reported items
  • 148Asset managers
  • 4,610Fund votes
  • May 14, 2025Meeting date

Results at a glance

No official results are on file for this meeting: no Form 8-K tally (Item 5.07) from DEUTSCHE BOERSE AG has been matched to it. The figures below are the funds’ own votes from Form N-PX. They are not the meeting result, so they are not used to judge dissent.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2023-2024 2024-2025 2025-2026

Explore DEUTSCHE BOERSE AG in the interactive database Compare manager voting policies

How asset managers voted at the DEUTSCHE BOERSE AG 2024-2025 meeting

Each item below shows how the 148 asset managers that disclosed a DEUTSCHE BOERSE AG vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of DEUTSCHE BOERSE AG’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. ELECT JEAN MUSTIER TO THE SUPERVISORY BOARD

No official resultsDIRECTOR ELECTIONS

99.8% of fund votes cast · no official result

FOR
Details: votes by 110 asset managers

The 110 asset managers below reported 31,802,407 for, 36,066 against, 4,510 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 31,802,407AGAINST: 36,066NOT VOTED: 4,510
Largest asset managers voting on “ELECT JEAN MUSTIER TO THE SUPERVISORY BOARD” at DEUTSCHE BOERSE AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Fidelity7,364,4480 00For
MFS5,646,7380 00For
Vanguard5,531,7400 00For
Goldman Sachs2,513,7430 00For
Dimensional986,0280 00For
EUPAC FUND882,3230 00For
TIAA832,7500 00For
Investment Managers Series Trust576,8210 00For
JPMorgan562,1540 00For
State Street521,9220 00For
Artisan433,2600 00For
Six Circles Trust390,6750 00For
Brown Advisory Funds343,3620 00For
Equitable297,6730 00For
John Hancock286,2320 00For
Perpetual Americas Funds Trust261,2660 00For
Capital Group230,1590 00For
TEMPLETON FUNDS214,9100 00For
Legg Mason214,7390 00For
Brighthouse206,0600 00For
BAILLIE GIFFORD FUNDS194,0270 00For
Thrivent193,8570 00For
Invesco181,7940 00For
BlackRock158,5760 00For
Listed Funds Trust153,2810 00For

Showing the 25 largest of 110 asset managers. See all 110 in the interactive database.

2. Elect Jean-Pierre Mustier as Supervisory Board member

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 16 asset managers

The 16 asset managers below reported 1,164,044 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,164,044
Largest asset managers voting on “Elect Jean-Pierre Mustier as Supervisory Board member” at DEUTSCHE BOERSE AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab543,3760 00For
SEI237,6010 00For
Russell Investments121,7040 00For
Mercer Funds84,6930 00For
Neuberger Berman45,3480 00For
Prudential/PGIM44,2840 00For
SEI Exchange Traded Funds26,2830 00For
Global X24,0930 00For
IMPAX FUNDS SERIES TRUST I15,0360 00For
Hartford8,6540 00For
Fidelity6,8050 00For
GUINNESS ATKINSON FUNDS4,4560 00For
New York Life1,1050 00For
Brighthouse5730 00For
Northern Lights Fund Trust IV260 00For
PACE SELECT ADVISORS TRUST70 00For

3. AMEND ARTICLES RE: ELECTRONIC SECURITIES

No official resultsCORPORATE GOVERNANCE

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 110 asset managers

The 110 asset managers below reported 31,838,473 for, 4,510 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 31,838,473NOT VOTED: 4,510
Largest asset managers voting on “AMEND ARTICLES RE: ELECTRONIC SECURITIES” at DEUTSCHE BOERSE AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Fidelity7,364,4480 00For
MFS5,646,7380 00For
Vanguard5,531,7400 00For
Goldman Sachs2,513,7430 00For
Dimensional986,0280 00For
EUPAC FUND882,3230 00For
TIAA832,7500 00For
Investment Managers Series Trust576,8210 00For
JPMorgan562,1540 00For
State Street521,9220 00For
Artisan433,2600 00For
Six Circles Trust390,6750 00For
Brown Advisory Funds343,3620 00For
Equitable297,6730 00For
John Hancock286,2320 00For
Perpetual Americas Funds Trust261,2660 00For
Capital Group230,1590 00For
TEMPLETON FUNDS214,9100 00For
Legg Mason214,7390 00For
Brighthouse206,0600 00For
BAILLIE GIFFORD FUNDS194,0270 00For
Thrivent193,8570 00For
Invesco181,7940 00For
BlackRock158,5760 00For
Listed Funds Trust153,2810 00For

Showing the 25 largest of 110 asset managers. See all 110 in the interactive database.

4. Amendments to Articles (Electronic Shares)

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 16 asset managers

The 16 asset managers below reported 1,164,044 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,164,044
Largest asset managers voting on “Amendments to Articles (Electronic Shares)” at DEUTSCHE BOERSE AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab543,3760 00For
SEI237,6010 00For
Russell Investments121,7040 00For
Mercer Funds84,6930 00For
Neuberger Berman45,3480 00For
Prudential/PGIM44,2840 00For
SEI Exchange Traded Funds26,2830 00For
Global X24,0930 00For
IMPAX FUNDS SERIES TRUST I15,0360 00For
Hartford8,6540 00For
Fidelity6,8050 00For
GUINNESS ATKINSON FUNDS4,4560 00For
New York Life1,1050 00For
Brighthouse5730 00For
Northern Lights Fund Trust IV260 00For
PACE SELECT ADVISORS TRUST70 00For

5. APPROVE CREATION OF EUR 18.8 MILLION POOL OF AUTHORIZED CAPITAL WITH OR WITHOUT EXCLUSION OF PREEMPTIVE RIGHTS

No official resultsCAPITAL STRUCTURE

Combines 2 wordings of this item as funds reported it.

99.9% of fund votes cast · no official result

FOR
Details: votes by 110 asset managers

The 110 asset managers below reported 31,831,885 for, 6,588 against, 4,510 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 31,831,885AGAINST: 6,588NOT VOTED: 4,510
Largest asset managers voting on “APPROVE CREATION OF EUR 18.8 MILLION POOL OF AUTHORIZED CAPITAL WITH OR WITHOUT EXCLUSION OF PREEMPTIVE RIGHTS” at DEUTSCHE BOERSE AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Fidelity7,364,4480 00For
MFS5,646,7380 00For
Vanguard5,531,7400 00For
Goldman Sachs2,513,7430 00For
Dimensional986,0280 00For
EUPAC FUND882,3230 00For
TIAA832,7500 00For
Investment Managers Series Trust576,8210 00For
JPMorgan562,1540 00For
State Street521,9220 00For
Artisan433,2600 00For
Six Circles Trust390,6750 00For
Brown Advisory Funds343,3620 00For
Equitable297,6730 00For
John Hancock286,2320 00For
Perpetual Americas Funds Trust261,2660 00For
Capital Group230,1590 00For
TEMPLETON FUNDS214,9100 00For
Legg Mason214,7390 00For
Brighthouse206,0600 00For
BAILLIE GIFFORD FUNDS194,0270 00For
Thrivent193,8570 00For
Invesco181,7940 00For
BlackRock158,5760 00For
Listed Funds Trust153,2810 00For

Showing the 25 largest of 110 asset managers. See all 110 in the interactive database.

6. Increase in Authorised Capital

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 16 asset managers

The 16 asset managers below reported 1,164,044 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,164,044
Largest asset managers voting on “Increase in Authorised Capital” at DEUTSCHE BOERSE AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab543,3760 00For
SEI237,6010 00For
Russell Investments121,7040 00For
Mercer Funds84,6930 00For
Neuberger Berman45,3480 00For
Prudential/PGIM44,2840 00For
SEI Exchange Traded Funds26,2830 00For
Global X24,0930 00For
IMPAX FUNDS SERIES TRUST I15,0360 00For
Hartford8,6540 00For
Fidelity6,8050 00For
GUINNESS ATKINSON FUNDS4,4560 00For
New York Life1,1050 00For
Brighthouse5730 00For
Northern Lights Fund Trust IV260 00For
PACE SELECT ADVISORS TRUST70 00For

7. APPROVE ALLOCATION OF INCOME AND DIVIDENDS OF EUR 4.00 PER SHARE

No official resultsCAPITAL STRUCTURE

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 110 asset managers

The 110 asset managers below reported 31,838,473 for, 4,510 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 31,838,473NOT VOTED: 4,510
Largest asset managers voting on “APPROVE ALLOCATION OF INCOME AND DIVIDENDS OF EUR 4.00 PER SHARE” at DEUTSCHE BOERSE AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Fidelity7,364,4480 00For
MFS5,646,7380 00For
Vanguard5,531,7400 00For
Goldman Sachs2,513,7430 00For
Dimensional986,0280 00For
EUPAC FUND882,3230 00For
TIAA832,7500 00For
Investment Managers Series Trust576,8210 00For
JPMorgan562,1540 00For
State Street521,9220 00For
Artisan433,2600 00For
Six Circles Trust390,6750 00For
Brown Advisory Funds343,3620 00For
Equitable297,6730 00For
John Hancock286,2320 00For
Perpetual Americas Funds Trust261,2660 00For
Capital Group230,1590 00For
TEMPLETON FUNDS214,9100 00For
Legg Mason214,7390 00For
Brighthouse206,0600 00For
BAILLIE GIFFORD FUNDS194,0270 00For
Thrivent193,8570 00For
Invesco181,7940 00For
BlackRock158,5760 00For
Listed Funds Trust153,2810 00For

Showing the 25 largest of 110 asset managers. See all 110 in the interactive database.

8. APPROVE DISCHARGE OF MANAGEMENT BOARD FOR FISCAL YEAR 2024

No official resultsCORPORATE GOVERNANCE

98% of fund votes cast · no official result

FOR
Details: votes by 110 asset managers

The 110 asset managers below reported 30,729,759 for, 761,239 against, 347,475 abstained, 4,510 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 30,729,759AGAINST: 761,239ABSTAIN: 347,475NOT VOTED: 4,510
Largest asset managers voting on “APPROVE DISCHARGE OF MANAGEMENT BOARD FOR FISCAL YEAR 2024” at DEUTSCHE BOERSE AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Fidelity7,364,4480 00For
MFS5,646,7380 00For
Vanguard5,531,7400 00For
Goldman Sachs2,498,42515,318 00For
Dimensional986,0280 00For
EUPAC FUND882,3230 00For
TIAA832,7500 00For
Investment Managers Series Trust0576,821 00Against
JPMorgan562,1540 00For
State Street521,9220 00For
Artisan433,2600 00For
Six Circles Trust390,6750 00For
Brown Advisory Funds343,3620 00For
Equitable297,6730 00For
John Hancock286,2320 00For
Perpetual Americas Funds Trust261,2660 00For
Capital Group230,1590 00For
TEMPLETON FUNDS214,9100 00For
Legg Mason214,7390 00For
Brighthouse88,3330 117,7270Mixed
BAILLIE GIFFORD FUNDS00 194,0270Abstain
Thrivent193,8570 00For
Invesco181,7940 00For
BlackRock158,5760 00For
Listed Funds Trust153,2810 00For

Showing the 25 largest of 110 asset managers. See all 110 in the interactive database.

9. APPROVE DISCHARGE OF SUPERVISORY BOARD FOR FISCAL YEAR 2024

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 110 asset managers

The 110 asset managers below reported 31,838,473 for, 4,510 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 31,838,473NOT VOTED: 4,510
Largest asset managers voting on “APPROVE DISCHARGE OF SUPERVISORY BOARD FOR FISCAL YEAR 2024” at DEUTSCHE BOERSE AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Fidelity7,364,4480 00For
MFS5,646,7380 00For
Vanguard5,531,7400 00For
Goldman Sachs2,513,7430 00For
Dimensional986,0280 00For
EUPAC FUND882,3230 00For
TIAA832,7500 00For
Investment Managers Series Trust576,8210 00For
JPMorgan562,1540 00For
State Street521,9220 00For
Artisan433,2600 00For
Six Circles Trust390,6750 00For
Brown Advisory Funds343,3620 00For
Equitable297,6730 00For
John Hancock286,2320 00For
Perpetual Americas Funds Trust261,2660 00For
Capital Group230,1590 00For
TEMPLETON FUNDS214,9100 00For
Legg Mason214,7390 00For
Brighthouse206,0600 00For
BAILLIE GIFFORD FUNDS194,0270 00For
Thrivent193,8570 00For
Invesco181,7940 00For
BlackRock158,5760 00For
Listed Funds Trust153,2810 00For

Showing the 25 largest of 110 asset managers. See all 110 in the interactive database.

10. Allocation of Dividends

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 17 asset managers

The 17 asset managers below reported 1,166,357 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,166,357
Largest asset managers voting on “Allocation of Dividends” at DEUTSCHE BOERSE AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab543,3760 00For
SEI237,6010 00For
Russell Investments121,7040 00For
Mercer Funds84,6930 00For
Neuberger Berman45,3480 00For
Prudential/PGIM44,2840 00For
SEI Exchange Traded Funds26,2830 00For
Global X24,0930 00For
IMPAX FUNDS SERIES TRUST I15,0360 00For
Hartford8,6540 00For
Fidelity6,8050 00For
GUINNESS ATKINSON FUNDS4,4560 00For
LOUISBOURG INVESTMENTS INC.2,3130 00For
New York Life1,1050 00For
Brighthouse5730 00For
Northern Lights Fund Trust IV260 00For
PACE SELECT ADVISORS TRUST70 00For

11. Ratification of Management Board Acts

No official resultsCORPORATE GOVERNANCE

12% of fund votes cast · no official result

AGAINST
Details: votes by 16 asset managers

The 16 asset managers below reported 144,013 for, 1,020,031 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 144,013AGAINST: 1,020,031
Largest asset managers voting on “Ratification of Management Board Acts” at DEUTSCHE BOERSE AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab0543,376 00Against
SEI0237,601 00Against
Russell Investments0121,704 00Against
Mercer Funds84,6930 00For
Neuberger Berman045,348 00Against
Prudential/PGIM44,2840 00For
SEI Exchange Traded Funds026,283 00Against
Global X024,093 00Against
IMPAX FUNDS SERIES TRUST I15,0360 00For
Hartford08,654 00Against
Fidelity06,805 00Against
GUINNESS ATKINSON FUNDS04,456 00Against
New York Life01,105 00Against
Brighthouse0573 00Against
Northern Lights Fund Trust IV026 00Against
PACE SELECT ADVISORS TRUST07 00Against

12. Ratification of Supervisory Board Acts

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 16 asset managers

The 16 asset managers below reported 1,164,044 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,164,044
Largest asset managers voting on “Ratification of Supervisory Board Acts” at DEUTSCHE BOERSE AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab543,3760 00For
SEI237,6010 00For
Russell Investments121,7040 00For
Mercer Funds84,6930 00For
Neuberger Berman45,3480 00For
Prudential/PGIM44,2840 00For
SEI Exchange Traded Funds26,2830 00For
Global X24,0930 00For
IMPAX FUNDS SERIES TRUST I15,0360 00For
Hartford8,6540 00For
Fidelity6,8050 00For
GUINNESS ATKINSON FUNDS4,4560 00For
New York Life1,1050 00For
Brighthouse5730 00For
Northern Lights Fund Trust IV260 00For
PACE SELECT ADVISORS TRUST70 00For

13. APPROVE VIRTUAL-ONLY SHAREHOLDER MEETINGS UNTIL 2027

No official resultsCORPORATE GOVERNANCE

99.6% of fund votes cast · no official result

FOR
Details: votes by 110 asset managers

The 110 asset managers below reported 31,740,067 for, 98,406 against, 4,510 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 31,740,067AGAINST: 98,406NOT VOTED: 4,510
Largest asset managers voting on “APPROVE VIRTUAL-ONLY SHAREHOLDER MEETINGS UNTIL 2027” at DEUTSCHE BOERSE AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Fidelity7,364,4480 00For
MFS5,646,7380 00For
Vanguard5,531,7400 00For
Goldman Sachs2,513,7430 00For
Dimensional986,0280 00For
EUPAC FUND882,3230 00For
TIAA832,7500 00For
Investment Managers Series Trust576,8210 00For
JPMorgan562,1540 00For
State Street521,9220 00For
Artisan433,2600 00For
Six Circles Trust390,6750 00For
Brown Advisory Funds343,3620 00For
Equitable291,4956,178 00For
John Hancock286,2320 00For
Perpetual Americas Funds Trust261,2660 00For
Capital Group230,1590 00For
TEMPLETON FUNDS214,9100 00For
Legg Mason214,7390 00For
Brighthouse206,0600 00For
BAILLIE GIFFORD FUNDS194,0270 00For
Thrivent193,8570 00For
Invesco181,635159 00For
BlackRock158,5760 00For
Listed Funds Trust153,2810 00For

Showing the 25 largest of 110 asset managers. See all 110 in the interactive database.

14. Amendments to Articles (Virtual Meeting)

No official resultsCORPORATE GOVERNANCE

99.9% of fund votes cast · no official result

FOR
Details: votes by 16 asset managers

The 16 asset managers below reported 1,163,471 for, 573 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,163,471AGAINST: 573
Largest asset managers voting on “Amendments to Articles (Virtual Meeting)” at DEUTSCHE BOERSE AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab543,3760 00For
SEI237,6010 00For
Russell Investments121,7040 00For
Mercer Funds84,6930 00For
Neuberger Berman45,3480 00For
Prudential/PGIM44,2840 00For
SEI Exchange Traded Funds26,2830 00For
Global X24,0930 00For
IMPAX FUNDS SERIES TRUST I15,0360 00For
Hartford8,6540 00For
Fidelity6,8050 00For
GUINNESS ATKINSON FUNDS4,4560 00For
New York Life1,1050 00For
Brighthouse0573 00Against
Northern Lights Fund Trust IV260 00For
PACE SELECT ADVISORS TRUST70 00For

15. Receive Financial Statements and Statutory Reports for Fiscal Year 2024 (Non-Voting)

No official resultsCORPORATE GOVERNANCE

Combines 2 wordings of this item as funds reported it.

0% of fund votes cast · no official result

ABSTAINNOT VOTED
Details: votes by 10 asset managers

The 10 asset managers below reported 5,106 withheld, 53,902 abstained, 230,123 not voted, 24,496 unknown. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

ABSTAIN: 53,902WITHHOLD: 5,106NOT VOTED: 230,123UNKNOWN: 24,496
Largest asset managers voting on “Receive Financial Statements and Statutory Reports for Fiscal Year 2024 (Non-Voting)” at DEUTSCHE BOERSE AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Lincoln Financial00 05,106Withhold
Empower00 00Not Voted
Advisors' Inner Circle Fund II00 29,9460Abstain
RBB FUND, INC.00 00--
Catholic Responsible Investments Funds00 23,2130Abstain
Brighthouse00 00Not Voted
Symmetry Panoramic Trust00 6550Abstain
Advisors' Inner Circle Fund III00 880Abstain
Dunham Funds00 00--
Northern Lights Fund Trust IV00 00--

16. APPROVE REMUNERATION REPORT

No official resultsFund totals may overlapSECTION 14A SAY-ON-PAY VOTES

99.1% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 128 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 110 asset managers voting on “APPROVE REMUNERATION REPORT” at DEUTSCHE BOERSE AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Fidelity7,364,4480 00For
MFS5,646,7380 00For
Vanguard5,531,7400 00For
Goldman Sachs2,513,7430 00For
Dimensional986,0280 00For
EUPAC FUND882,3230 00For
TIAA832,7500 00For
Investment Managers Series Trust576,8210 00For
JPMorgan562,1540 00For
State Street521,9220 00For
Artisan433,2600 00For
Six Circles Trust390,6750 00For
Brown Advisory Funds343,3620 00For
Equitable297,6730 00For
John Hancock286,2320 00For
Perpetual Americas Funds Trust16,347244,919 00Mixed
Capital Group230,1590 00For
TEMPLETON FUNDS214,9100 00For
Legg Mason214,7390 00For
Brighthouse206,0600 00For
BAILLIE GIFFORD FUNDS194,0270 00For
Thrivent193,8570 00For
Invesco181,7940 00For
BlackRock158,5760 00For
Listed Funds Trust153,2810 00For

Fund voting reports, all 110 managers: 31,562,987 for, 275,486 against, 4,510 not voted. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 22 asset managers voting on “APPROVE REMUNERATION REPORT” at DEUTSCHE BOERSE AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock7,744,1084,396 00For
JPMorgan2,906,5140 00For
BAILLIE GIFFORD OVERSEAS LTD714,663112,515 00Mixed
WCM INVESTMENT MANAGEMENT, LLC616,5780 00For
APG Asset Management US Inc.503,0190 00For
BAILLIE GIFFORD & CO LTD473,9840 00For
Ghisallo Capital Management LLC222,1040 00For
Korea Investment CORP146,7410 00For
Desjardins Global Asset Management Inc.112,6110 00For
Close Asset Management Ltd108,9920 00For
Northern Trust90,7890 00For
Siemens Fonds Invest GmbH74,8350 00For
BAILLIE GIFFORD & CO40,0190 00For
Manning & Napier32,7240 00For
1832 Asset Management L.P.29,1830 00For
LOCKHEED MARTIN INVESTMENT MANAGEMENT CO20,5700 00For
NATIONAL BANK INVESTMENTS INC.4,2030 00For
Hood River Capital Management LLC2,4870 00For
Cumberland Partners Ltd8500 00For
South Dakota Investment Council6700 00For
XPONANCE, INC.5910 00For
Plato Investment Management Ltd4100 00For

Institutional-manager reports, all 22 managers: 13,846,645 for, 116,911 against, 139,393 not voted.

17. APPROVE REMUNERATION POLICY

No official resultsFund totals may overlapCOMPENSATIONCORPORATE GOVERNANCE

99.0% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 115 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 110 asset managers voting on “APPROVE REMUNERATION POLICY” at DEUTSCHE BOERSE AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Fidelity7,364,4480 00For
MFS5,646,7380 00For
Vanguard5,531,7400 00For
Goldman Sachs2,513,7430 00For
Dimensional986,0280 00For
EUPAC FUND882,3230 00For
TIAA832,7500 00For
Investment Managers Series Trust576,8210 00For
JPMorgan562,1540 00For
State Street521,9220 00For
Artisan433,2600 00For
Six Circles Trust390,6750 00For
Brown Advisory Funds343,3620 00For
Equitable297,6730 00For
John Hancock286,2320 00For
Perpetual Americas Funds Trust16,347244,919 00Mixed
Capital Group230,1590 00For
TEMPLETON FUNDS214,9100 00For
Legg Mason214,7390 00For
Brighthouse206,0600 00For
BAILLIE GIFFORD FUNDS194,0270 00For
Thrivent193,8570 00For
Invesco181,7940 00For
BlackRock158,5760 00For
Listed Funds Trust153,2810 00For

Fund voting reports, all 110 managers: 31,562,987 for, 275,486 against, 4,510 not voted. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 6 asset managers voting on “APPROVE REMUNERATION POLICY” at DEUTSCHE BOERSE AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock7,732,67315,831 00For
Ghisallo Capital Management LLC222,1040 00For
Close Asset Management Ltd108,9920 00For
GROUPAMA ASSET MANAGMENT0105,968 00Against
LOCKHEED MARTIN INVESTMENT MANAGEMENT CO20,5700 00For
Regime de rentes du Mouvement Desjardins4060 00For

Institutional-manager reports, all 6 managers: 8,084,745 for, 121,799 against.

18. Management Board Remuneration Policy

100% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 19 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 16 asset managers voting on “Management Board Remuneration Policy” at DEUTSCHE BOERSE AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab543,3760 00For
SEI237,6010 00For
Russell Investments121,7040 00For
Mercer Funds84,6930 00For
Neuberger Berman45,3480 00For
Prudential/PGIM44,2840 00For
SEI Exchange Traded Funds26,2830 00For
Global X24,0930 00For
IMPAX FUNDS SERIES TRUST I15,0360 00For
Hartford8,6540 00For
Fidelity6,8050 00For
GUINNESS ATKINSON FUNDS4,4560 00For
New York Life1,1050 00For
Brighthouse5730 00For
Northern Lights Fund Trust IV260 00For
PACE SELECT ADVISORS TRUST70 00For

Fund voting reports, all 16 managers: 1,164,044 for.

Institutional-manager reports: 3 asset managers voting on “Management Board Remuneration Policy” at DEUTSCHE BOERSE AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
FAYEZ SAROFIM & CO21,7300 00For
LOUISBOURG INVESTMENTS INC.2,3130 00For
Paradice Investment Management LLC2250 00For

Institutional-manager reports, all 3 managers: 24,268 for.

19. Remuneration Report

100% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 18 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 16 asset managers voting on “Remuneration Report” at DEUTSCHE BOERSE AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab543,3760 00For
SEI237,6010 00For
Russell Investments121,7040 00For
Mercer Funds84,6930 00For
Neuberger Berman45,3480 00For
Prudential/PGIM44,2840 00For
SEI Exchange Traded Funds26,2830 00For
Global X24,0930 00For
IMPAX FUNDS SERIES TRUST I15,0360 00For
Hartford8,6540 00For
Fidelity6,8050 00For
GUINNESS ATKINSON FUNDS4,4560 00For
New York Life1,1050 00For
Brighthouse5730 00For
Northern Lights Fund Trust IV260 00For
PACE SELECT ADVISORS TRUST70 00For

Fund voting reports, all 16 managers: 1,164,044 for.

Institutional-manager reports: 2 asset managers voting on “Remuneration Report” at DEUTSCHE BOERSE AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
FAYEZ SAROFIM & CO21,7300 00For
LOUISBOURG INVESTMENTS INC.2,3130 00For

Institutional-manager reports, all 2 managers: 24,043 for.

20. Advisory Vote to Ratify Named Executive Officers' Compensation

No official resultsSECTION 14A SAY-ON-PAY VOTES

100% of fund votes cast · no official result

FOR
Details: votes by 3 asset managers

The 3 asset managers below reported 177,678 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 177,678
Largest asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at DEUTSCHE BOERSE AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
GROUPAMA ASSET MANAGMENT105,9680 00For
TD ASSET MANAGEMENT INC71,3040 00For
Regime de rentes du Mouvement Desjardins4060 00For

21. Resolution on the approval of the remuneration report

No official resultsSECTION 14A SAY-ON-PAY VOTES

100% of fund votes cast · no official result

FOR
Details: votes by 3 asset managers

The 3 asset managers below reported 896,456 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 896,456
Largest asset managers voting on “Resolution on the approval of the remuneration report” at DEUTSCHE BOERSE AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Union Investment Management GmbH822,8350 00For
Union Investment Institutional GmbH62,0830 00For
IQ EQ FUND MANAGEMENT (IRELAND) Ltd11,5380 00For

22. Resolution on the approval of the remuneration system for the Management Board members

No official resultsSECTION 14A SAY-ON-PAY VOTES

100% of fund votes cast · no official result

FOR
Details: votes by 2 asset managers

The 2 asset managers below reported 884,918 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 884,918
Largest asset managers voting on “Resolution on the approval of the remuneration system for the Management Board members” at DEUTSCHE BOERSE AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Union Investment Management GmbH822,8350 00For
Union Investment Institutional GmbH62,0830 00For

23. Ratify PricewaterhouseCoopers GmbH as Auditors for Fiscal Year 2025 and for the Review of Interim Financial Statements…

No official resultsAUDIT-RELATED

Combines 2 wordings of this item as funds reported it.

99.9% of fund votes cast · no official result

FOR
Details: description as filed, votes by 110 asset managers

Description as filed by funds: Ratify PricewaterhouseCoopers GmbH as Auditors for Fiscal Year 2025 and for the Review of Interim Financial Statements for the First Half of Fiscal Year 2025

The 110 asset managers below reported 31,815,260 for, 23,213 against, 4,510 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 31,815,260AGAINST: 23,213NOT VOTED: 4,510
Largest asset managers voting on “Ratify PricewaterhouseCoopers GmbH as Auditors for Fiscal Year 2025 and for the Review of Interim Financial St” at DEUTSCHE BOERSE AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Fidelity7,364,4480 00For
MFS5,646,7380 00For
Vanguard5,531,7400 00For
Goldman Sachs2,513,7430 00For
Dimensional986,0280 00For
EUPAC FUND882,3230 00For
TIAA832,7500 00For
Investment Managers Series Trust576,8210 00For
JPMorgan562,1540 00For
State Street521,9220 00For
Artisan433,2600 00For
Six Circles Trust390,6750 00For
Brown Advisory Funds343,3620 00For
Equitable297,6730 00For
John Hancock286,2320 00For
Perpetual Americas Funds Trust261,2660 00For
Capital Group230,1590 00For
TEMPLETON FUNDS214,9100 00For
Legg Mason214,7390 00For
Brighthouse206,0600 00For
BAILLIE GIFFORD FUNDS194,0270 00For
Thrivent193,8570 00For
Invesco181,7940 00For
BlackRock158,5760 00For
Listed Funds Trust153,2810 00For

Showing the 25 largest of 110 asset managers. See all 110 in the interactive database.

24. Ratify PricewaterhouseCoopers GmbH as Authorized Sustainability Auditors for Fiscal Year 2025

No official resultsAUDIT-RELATED

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 110 asset managers

The 110 asset managers below reported 31,838,473 for, 4,510 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 31,838,473NOT VOTED: 4,510
Largest asset managers voting on “Ratify PricewaterhouseCoopers GmbH as Authorized Sustainability Auditors for Fiscal Year 2025” at DEUTSCHE BOERSE AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Fidelity7,364,4480 00For
MFS5,646,7380 00For
Vanguard5,531,7400 00For
Goldman Sachs2,513,7430 00For
Dimensional986,0280 00For
EUPAC FUND882,3230 00For
TIAA832,7500 00For
Investment Managers Series Trust576,8210 00For
JPMorgan562,1540 00For
State Street521,9220 00For
Artisan433,2600 00For
Six Circles Trust390,6750 00For
Brown Advisory Funds343,3620 00For
Equitable297,6730 00For
John Hancock286,2320 00For
Perpetual Americas Funds Trust261,2660 00For
Capital Group230,1590 00For
TEMPLETON FUNDS214,9100 00For
Legg Mason214,7390 00For
Brighthouse206,0600 00For
BAILLIE GIFFORD FUNDS194,0270 00For
Thrivent193,8570 00For
Invesco181,7940 00For
BlackRock158,5760 00For
Listed Funds Trust153,2810 00For

Showing the 25 largest of 110 asset managers. See all 110 in the interactive database.

25. Appointment of Auditor

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: votes by 16 asset managers

The 16 asset managers below reported 1,164,044 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,164,044
Largest asset managers voting on “Appointment of Auditor” at DEUTSCHE BOERSE AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab543,3760 00For
SEI237,6010 00For
Russell Investments121,7040 00For
Mercer Funds84,6930 00For
Neuberger Berman45,3480 00For
Prudential/PGIM44,2840 00For
SEI Exchange Traded Funds26,2830 00For
Global X24,0930 00For
IMPAX FUNDS SERIES TRUST I15,0360 00For
Hartford8,6540 00For
Fidelity6,8050 00For
GUINNESS ATKINSON FUNDS4,4560 00For
New York Life1,1050 00For
Brighthouse5730 00For
Northern Lights Fund Trust IV260 00For
PACE SELECT ADVISORS TRUST70 00For

26. Appointment of Auditor for Sustainability Reporting

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: votes by 16 asset managers

The 16 asset managers below reported 1,164,044 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,164,044
Largest asset managers voting on “Appointment of Auditor for Sustainability Reporting” at DEUTSCHE BOERSE AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab543,3760 00For
SEI237,6010 00For
Russell Investments121,7040 00For
Mercer Funds84,6930 00For
Neuberger Berman45,3480 00For
Prudential/PGIM44,2840 00For
SEI Exchange Traded Funds26,2830 00For
Global X24,0930 00For
IMPAX FUNDS SERIES TRUST I15,0360 00For
Hartford8,6540 00For
Fidelity6,8050 00For
GUINNESS ATKINSON FUNDS4,4560 00For
New York Life1,1050 00For
Brighthouse5730 00For
Northern Lights Fund Trust IV260 00For
PACE SELECT ADVISORS TRUST70 00For

Largest DEUTSCHE BOERSE AG shareholders voting in 2024-2025

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported.

Fund voting reports: top DEUTSCHE BOERSE AG shareholders by shares voted on “APPROVE REMUNERATION REPORT”, 2024-2025
#Asset manager Shares voted
1Fidelity 7,364,448
2MFS 5,646,738
3Vanguard 5,531,740
4Goldman Sachs 2,513,743
5Dimensional 986,028
6EUPAC FUND 882,323
7TIAA 832,750
8Investment Managers Series Trust 576,821
9JPMorgan 562,154
10State Street 521,922
Institutional-manager reports: top DEUTSCHE BOERSE AG shareholders by shares voted on “APPROVE REMUNERATION REPORT”, 2024-2025
#Asset manager Shares voted
1BlackRock 7,748,504
2JPMorgan 3,045,907
3BAILLIE GIFFORD OVERSEAS LTD 827,178
4WCM INVESTMENT MANAGEMENT, LLC 616,578
5APG Asset Management US Inc. 503,019
6BAILLIE GIFFORD & CO LTD 473,984
7Ghisallo Capital Management LLC 222,104
8Korea Investment CORP 146,741
9Desjardins Global Asset Management Inc. 112,611
10Close Asset Management Ltd 108,992

Shown as share counts, not percentages: no shares-outstanding figure has been matched to DEUTSCHE BOERSE AG for the 2024-2025 season, so there is no denominator to divide by.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. This page is a static snapshot rebuilt weekly on October 18, 2026; a live search always shows the current data.

At DEUTSCHE BOERSE AG's shareholder meeting held May 14, 2025, in the 2024-2025 proxy season, 148 asset managers reported how they voted in their SEC Form N-PX filings, covering 4,610 separate fund positions. Their filings are grouped here into 26 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — APPROVE REMUNERATION REPORT — the reporting funds and managers cast 99.1% of the shares they voted in favour (FOR divided by FOR plus AGAINST plus WITHHELD; abstained and unvoted shares are excluded because neither took a side). Fund and manager reports are combined in it and may count the same shares twice: it adds fund reports to institutional-manager reports, which can cover the same shares. It is not the company's certified result.

DEUTSCHE BOERSE AG proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.

Download data (CSV): ballot items · votes by manager · column guide.