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FIRST EAGLE FUNDS proxy voting record, 2025-2026

FIRST EAGLE FUNDS reported 10,223 proxy votes on Form N-PX for the 2026 season. On the 8,342 ballot items the board itself put forward — directors, pay, the auditor, capital — it voted FOR 96.1% of the time. On the 122 environmental and social proposals put on the ballot by shareholders, it voted FOR 2.5% of the time.

2025-2026

96.1%Voted for board proposals
2.5%Backed E&S proposals
9,542Ballot items
5,227Proposals
499Issuers
9Funds / accounts

On the board’s own proposals

96.1% FOR of 8,342 fund votes on board proposals in 2025-2026: directors, pay, auditor, capital.

96.1% FOR

FOR 8,014 AGAINST 220 Abstained or withheld 108

How we count these

On proposals shareholders put on the ballot

2.5% FOR of 122 fund votes on environmental and social proposals shareholders put on the ballot. The board opposed 122.

AGAINST

FOR 3 AGAINST 119 Abstained 0

See the 3 it backed →

How we count these

By proposal type

A single “voted with management” figure makes every manager look the same: director elections are most of the volume and nearly everyone votes FOR them. The record is therefore reported per category, using the category the filer itself put on each item in its N-PX.

FIRST EAGLE FUNDS, 2025-2026. “Decided” is FOR + AGAINST, the denominator of the two percentage columns; abstentions and withheld votes are shown separately and are never inside a percentage. Counted in ballot items — one fund’s vote on one proposal at one meeting — never in shares.
Proposal type	Put on the ballot by	Items	Decided	Voted FOR	Voted AGAINST	Abstained / withheld
Director Elections	Board (3 inferred)	5,497	5,377	98.1%	1.9%	104
Director Elections	Shareholders	6	0	n/a	n/a	6
Corporate Governance	Board	996	990	96.0%	4.0%	6
Corporate Governance	Shareholders	96	93	32.3%	67.7%	3
Audit-related	Board	792	792	99.9%	0.1%	0
Audit-related	Shareholders	9	6	100.0%	0.0%	3
Compensation	Board (2 inferred)	789	786	91.9%	8.1%	3
Compensation	Shareholders	3	3	100.0%	0.0%	0
Capital Structure	Board	756	755	96.3%	3.7%	1
Capital Structure	Shareholders	14	14	100.0%	0.0%	0
Say-on-Pay	Board	511	481	94.2%	5.8%	0
Other Social Issues	Board	43	43	100.0%	0.0%	0
Other Social Issues	Shareholders	85	85	3.5%	96.5%	0
Extraordinary Transactions	Board	68	68	97.1%	2.9%	0
Environment or Climate	Board	14	14	100.0%	0.0%	0
Environment or Climate	Shareholders	41	41	0.0%	100.0%	0
Shareholder Rights and Defenses	Board	16	16	100.0%	0.0%	0
Shareholder Rights and Defenses	Shareholders	17	17	58.8%	41.2%	0
Diversity, Equity, and Inclusion	Board	12	12	100.0%	0.0%	0
Diversity, Equity, and Inclusion	Shareholders	20	20	0.0%	100.0%	0
Human Rights or Human Capital/workforce	Board	12	12	100.0%	0.0%	0
Human Rights or Human Capital/workforce	Shareholders	17	17	0.0%	100.0%	0
Other	Board	24	23	78.3%	21.7%	1
Other	Shareholders	4	4	25.0%	75.0%	0

An item the filer put in two categories is counted in both rows, so the rows add up to more than the total. Who put an item on the ballot is decided item by item: the filer’s own answer on Form N-PX (Item 1(h)), or, where the filing does not give one, the proposal’s own wording (5 items, shown as inferred). The two figures above use only part of these rows: the board figure, board proposals on directors, pay, the auditor, capital, transactions and fund matters; the shareholder figure, environmental, social, workforce and diversity shareholder proposals at US-listed companies. How we count these

Every proposal where FIRST EAGLE FUNDS broke with the board (251 distinct proposals) →

What is being counted

The unit is a fund-level observation: one fund’s vote on one proposal at one meeting. It is not a share, not a filing line and not a proposal.: FIRST EAGLE FUNDS filed 10,223 vote records for 2025-2026; after removing votes filed twice in different N-PX filings, that is 9,542 ballot items (fund-level observations) across 499 issuer names and 9 funds. They cover 5,227 distinct proposals: one proposal voted by twenty of its funds is twenty ballot items here and one proposal. Proposals are counted per issuer name and meeting, and wordings of the same director nominee are counted once; two different wordings of any other proposal count twice, so this is an upper bound. A fund that reported several directions for the same item is a split vote, counted on its own (see the table below) and not collapsed into the larger direction. “Issuer names” is literal: filers spell the same company several ways and those are counted separately here, so this runs higher than the number of distinct companies.
Share counts are not used anywhere on this page.: Share figures in N-PX carry their own long list of corrections in this dataset, and a share-weighted rate would inherit every one of them. Every percentage here is a count of items.
Abstentions are reported, never hidden inside a percentage.: On the board’s own proposals an abstention or a withheld vote is not support, so it is in the denominator of the FOR figure and not in its numerator. On shareholder proposals an abstention is neither support nor opposition, so it is excluded from the denominator and shown on its own.
46 items are outside both headline figures.: Besides the table rows neither figure uses:

Excluded	Items	Why
Not voted	0	Reported as not voted, take no action or do not vote. No position was expressed, so there is nothing to count.
Other ballot type	30	Frequency ballots (one / two / three years) and anything else that is not a FOR, AGAINST, abstention or withhold.
Direction indeterminate	0	The fund reported several directions for one ballot item with no shares attached to any of them, so which way it voted cannot be established.
Split vote	16	The fund voted its shares in more than one direction on the item (for example some FOR and some AGAINST), the smaller part at least 5% of its shares. It is not collapsed into the larger part.

About this page

Every figure is derived from Form N-PX, the filing 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). Figures are rebuilt weekly; this page was built on October 13, 2026. The interactive database shows the same votes company by company, including every individual fund.

FIRST EAGLE FUNDS proxy season coverage: 2025-2026 (this page).