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Guggenheim proxy voting record, 2024-2025

Guggenheim reported 175,750 proxy votes on Form N-PX for the 2025 season. On the 137,279 ballot items the board itself put forward — directors, pay, the auditor, capital — it voted FOR 91.9% of the time. On the 2,745 environmental and social proposals put on the ballot by shareholders, it voted FOR 12.2% of the time.

2023-20242024-20252025-2026

91.9%Voted for board proposals
12.2%Backed E&S proposals
150,976Ballot items
27,133Proposals
3,345Issuers
106Funds / accounts

On the board’s own proposals

91.9% FOR of 137,279 fund votes on board proposals in 2024-2025: directors, pay, auditor, capital.

91.9% FOR

FOR 126,141 AGAINST 5,242 Abstained or withheld 5,896

How we count these

On proposals shareholders put on the ballot

12.2% FOR of 2,745 fund votes on environmental and social proposals shareholders put on the ballot. The board opposed 2,724.

12.2% FOR AGAINST

FOR 335 AGAINST 2,410 Abstained 0

See the 335 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, 2024-2025. “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 (65 inferred)	97,801	90,141	98.0%	2.0%	5,883
Director Elections	Shareholders	52	23	100.0%	0.0%	23
Say-on-Pay	Board (668 inferred)	16,660	15,321	88.2%	11.8%	0
Say-on-Pay	Shareholders (16 inferred)	16	16	100.0%	0.0%	0
Audit-related	Board	16,525	16,515	99.8%	0.2%	0
Audit-related	Shareholders (15 inferred)	24	24	100.0%	0.0%	0
Corporate Governance	Board	5,288	5,235	89.3%	10.7%	26
Corporate Governance	Shareholders	1,498	1,498	56.1%	43.9%	0
Compensation	Board	5,829	5,820	76.1%	23.9%	8
Compensation	Shareholders (15 inferred)	428	428	46.5%	53.5%	0
Capital Structure	Board	2,534	2,534	93.8%	6.2%	0
Capital Structure	Shareholders	61	59	98.3%	1.7%	0
Other Social Issues	Board	120	120	100.0%	0.0%	0
Other Social Issues	Shareholders	1,518	1,518	11.9%	88.1%	0
Environment or Climate	Board	64	64	100.0%	0.0%	0
Environment or Climate	Shareholders	1,521	1,521	7.6%	92.4%	0
Extraordinary Transactions	Board	1,097	1,085	94.0%	6.0%	8
Extraordinary Transactions	Shareholders (6 inferred)	14	14	42.9%	57.1%	0
Diversity, Equity, and Inclusion	Board	50	50	100.0%	0.0%	0
Diversity, Equity, and Inclusion	Shareholders	870	870	4.8%	95.2%	0
Shareholder Rights and Defenses	Board	387	381	91.1%	8.9%	4
Shareholder Rights and Defenses	Shareholders (2 inferred)	153	151	94.0%	6.0%	0
Human Rights or Human Capital/workforce	Board	50	50	100.0%	0.0%	0
Human Rights or Human Capital/workforce	Shareholders	405	405	8.6%	91.4%	0
Investment Company Matters	Board	298	25	100.0%	0.0%	0
Other	Board	25	25	84.0%	16.0%	0
Other	Shareholders	58	58	6.9%	93.1%	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 (787 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 (2,496 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 175,750 vote records for 2024-2025; after removing votes filed twice in different N-PX filings, that is 150,976 ballot items (fund-level observations) across 3,345 issuer names and 106 funds. They cover 27,133 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.
3,443 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	1,338	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	2,105	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 (this page) · 2025-2026.