Home › Asset managers › Guggenheim › 2025-2026

Guggenheim proxy voting record, 2025-2026

Guggenheim reported 172,981 proxy votes on Form N-PX for the 2026 season. On the 135,765 ballot items the board itself put forward — directors, pay, the auditor, capital — it voted FOR 91.0% of the time. On the 1,981 environmental and social proposals put on the ballot by shareholders, it voted FOR 5.8% of the time.

2023-2024 2024-20252025-2026

91.0%Voted for board proposals
5.8%Backed E&S proposals
148,731Ballot items
26,997Proposals
3,371Issuers
82Funds / accounts

On the board’s own proposals

91.0% FOR of 135,765 fund votes on board proposals in 2025-2026: directors, pay, auditor, capital.

91.0% FOR

FOR 123,609 AGAINST 6,140 Abstained or withheld 6,016

How we count these

On proposals shareholders put on the ballot

5.8% FOR of 1,981 fund votes on environmental and social proposals shareholders put on the ballot. The board opposed 1,970.

AGAINST

FOR 115 AGAINST 1,866 Abstained 0

See the 115 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.

Guggenheim, 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 (60 inferred)	95,522	87,847	97.6%	2.4%	6,016
Director Elections	Shareholders	16	0	n/a	n/a	16
Say-on-Pay	Board (300 inferred)	16,532	15,233	87.3%	12.7%	0
Say-on-Pay	Shareholders (14 inferred)	14	14	100.0%	0.0%	0
Audit-related	Board	16,223	16,203	99.9%	0.1%	0
Audit-related	Shareholders (14 inferred)	26	21	100.0%	0.0%	5
Corporate Governance	Board	5,514	5,482	88.7%	11.3%	24
Corporate Governance	Shareholders (28 inferred)	2,102	2,097	60.5%	39.5%	5
Compensation	Board (6 inferred)	6,248	6,239	73.4%	26.6%	9
Compensation	Shareholders	150	135	39.3%	60.7%	0
Capital Structure	Board	2,742	2,726	91.6%	8.4%	0
Capital Structure	Shareholders	94	94	95.7%	4.3%	0
Extraordinary Transactions	Board	1,556	1,536	90.6%	9.4%	0
Extraordinary Transactions	Shareholders	25	25	0.0%	100.0%	0
Other Social Issues	Board	141	141	100.0%	0.0%	0
Other Social Issues	Shareholders	1,306	1,306	8.8%	91.2%	0
Environment or Climate	Board	75	75	100.0%	0.0%	0
Environment or Climate	Shareholders	946	946	0.0%	100.0%	0
Diversity, Equity, and Inclusion	Board	66	66	100.0%	0.0%	0
Diversity, Equity, and Inclusion	Shareholders	532	532	0.0%	100.0%	0
Shareholder Rights and Defenses	Board	358	358	95.3%	4.7%	0
Shareholder Rights and Defenses	Shareholders (6 inferred)	234	232	64.7%	35.3%	0
Human Rights or Human Capital/workforce	Board	66	66	100.0%	0.0%	0
Human Rights or Human Capital/workforce	Shareholders	386	386	0.0%	100.0%	0
Other	Board	173	113	89.4%	10.6%	60
Other	Shareholders	48	48	0.0%	100.0%	0
Investment Company Matters	Board	64	18	88.9%	11.1%	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 (428 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 Guggenheim broke with the board (2,550 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.: Guggenheim filed 172,981 vote records for 2025-2026; after removing votes filed twice in different N-PX filings, that is 148,731 ballot items (fund-level observations) across 3,371 issuer names and 82 funds. They cover 26,997 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.
3,085 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	1,295	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	1,790	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.

Guggenheim proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).