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MASTER INVESTMENT PORTFOLIO 2024-2025: where it broke with the board

Two kinds of vote are listed: a board-sponsored proposal MASTER INVESTMENT PORTFOLIO voted AGAINST or withheld on, and a shareholder proposal it voted FOR, with the board’s recommendation on it where the filings show one. A FOR vote on a proposal the board supported, or took no position on, is listed and labelled, but it is not a vote against the board. One row is one proposal at one meeting; “funds” is how many of the manager’s funds or accounts voted that way.

Everything Only shareholder proposals it backed

2,838 proposals.

MASTER INVESTMENT PORTFOLIO, 2024-2025 proxy season. Who put a proposal on the ballot is taken from the filer’s own N-PX answer (Item 1(h)), or, marked “inferred”, from its category and wording where the filing does not say; see how we count these.
CompanyMeetingProposalCategory On the ballot fromBoard recommendedMASTER INVESTMENT PORTFOLIO votedFunds
ABBOTT LABORATORIES April 25, 2025 Election of Director: N. McKinstry Director Elections Board AGAINST 3
ACCENTURE PLC February 6, 2025 Appointment of Director: Nancy McKinstry Director Elections Board AGAINST 3
ALFA LAVAL AB April 29, 2025 REELECT DENNIS JONSSON AS BOARD CHAIR Director Elections Board AGAINST 3
AMERICAN EXPRESS COMPANY April 29, 2025 Election of Director for a term of one year: Thomas J. Baltimore Director Elections Board AGAINST 3
ARISTA NETWORKS, INC. May 30, 2025 DIRECTOR: Charles Giancarlo Director Elections Board ABSTAIN 3
ASSA ABLOY AB April 23, 2025 RESOLUTION REGARDING LONG-TERM INCENTIVE PROGRAM Capital Structure Board AGAINST 3
ATLAS COPCO AB April 29, 2025 APPROVE REMUNERATION REPORT Say-on-Pay Board AGAINST 3
ATLAS COPCO AB April 29, 2025 REELECT ANNA OHLSSON-LEIJON AS DIRECTOR Director Elections Board AGAINST 3
ATLAS COPCO AB April 29, 2025 REELECT HANS STRABERG AS BOARD CHAIR Director Elections Board AGAINST 3
AUTOMATIC DATA PROCESSING, INC. November 6, 2024 Election of Director: William J. Ready Director Elections Board AGAINST 3
CINTAS CORPORATION October 29, 2024 A shareholder proposal regarding political disclosure, if properly presented at the meeting. Other Social Issues Shareholder Against FOR 3
CINTAS CORPORATION October 29, 2024 Election of Director: Joseph Scaminace Director Elections Board AGAINST 3
COMCAST CORPORATION June 18, 2025 Consider "CEO pay ratio factor" in executive compensation Compensation Board AGAINST 3
COMCAST CORPORATION June 18, 2025 DIRECTOR: Thomas J. Baltimore, Jr Director Elections Board ABSTAIN 3
DAIWA HOUSE INDUSTRY CO.,LTD. June 27, 2025 Appoint a Director Kuwano, Yukinori Director Elections Board AGAINST 3
ECOLAB INC. May 8, 2025 Election of Director: John J. Zillmer Director Elections Board AGAINST 3
ENGIE SA April 24, 2025 Elect Stefano Bassi as Representative of Employee Shareholders to the Board Director Elections Board ABSTAIN 3
FAST RETAILING CO.,LTD. November 28, 2024 Appoint a Director Hattori, Nobumichi Director Elections Board AGAINST 3
FAST RETAILING CO.,LTD. November 28, 2024 Appoint a Director Shintaku, Masaaki Director Elections Board AGAINST 3
FASTIGHETS AB BALDER May 8, 2025 REELECT STEN DUNER (CHAIR) AS DIRECTOR Director Elections Board AGAINST 3
GARMIN LTD June 6, 2025 Re-election of Director: Joseph J. Hartnett Director Elections Board AGAINST 3
GENMAB A/S March 12, 2025 ELECTION OF MEMBERS OF THE BOARD OF DIRECTOR: RE-ELECTION OF DEIRDRE P. CONNELLY Director Elections Board ABSTAIN 3
HENKEL AG & CO. KGAA April 28, 2025 APPROVE CREATION OF EUR 81.6 MILLION POOL OF CAPITAL WITH PREEMPTIVE RIGHTS Capital Structure Board AGAINST 3
HERMES INTERNATIONAL SA April 30, 2025 APPROVAL OF RELATED-PARTY AGREEMENTS Audit-related Board AGAINST 3
HERMES INTERNATIONAL SA April 30, 2025 APPROVAL OF THE COMPENSATION POLICY FOR THE EXECUTIVE CHAIRMEN (EX-ANTE VOTE) Say-on-Pay Board AGAINST 3
HERMES INTERNATIONAL SA April 30, 2025 APPROVAL OF THE INFORMATION REFERRED TO IN I OF ARTICLE L. 22-10-9 OF THE FRENCH COMMERCIAL CODE (CODE DE COMMERCE) WITH REGARD TO COMPENSATION FOR THE FINANCIAL YEAR ENDED 31NDECEMBER 2024, FOR ALL CORPORATE OFFICERS (GLOBAL EX-POST VOTE) Compensation Board AGAINST 3
HERMES INTERNATIONAL SA April 30, 2025 DELEGATION OF AUTHORITY TO BE GRANTED TO THE EXECUTIVE MANAGEMENT TO DECIDE ON ONE OR MORE OPERATION(S) INVOLVING A MERGER BY ABSORPTION, SPIN-OFF OR PARTIAL CONTRIBUTION OF ASSETS SUBJECT TO THE SPIN-OFF REGIME (ARTICLE L. 236-9, II OF THE FRENCH COMMERCIAL CODE (CODE DE COMMERCE)) Capital Structure Board AGAINST 3
HERMES INTERNATIONAL SA April 30, 2025 REAPPOINTMENT OF SUPERVISORY BOARD MEMBER MS ESTELLE BRACHLIANOFF FOR A TERM OF THREE YEARS Director Elections Board AGAINST 3
IQVIA HOLDINGS INC. April 24, 2025 Election of Director: Todd B. Sisitsky Director Elections Board AGAINST 3
ISRACARD LTD January 15, 2025 APPROVE ISSUANCE OF SHARES IN PRIVATE PLACEMENT TO MENORA MIVTACHIM HOLDINGS LTD Extraordinary Transactions Board ABSTAIN 3
KELLANOVA November 1, 2024 The Advisory Compensation Proposal - To approve, on an advisory, non-binding basis, the compensation that may be paid or become payable to Kellanova's named executive officers that is based on or otherwise relates to the Merger. Say-on-Pay Board AGAINST 3
KLA CORPORATION November 6, 2024 PLEASE NOTE THE DIRECTOR PREVIOUSLY INDICATED FOR THIS PROPOSAL IS NO LONGER UP FOR ELECTION. Director Elections Board ABSTAIN 3
KONGSBERG GRUPPEN ASA May 7, 2025 APPROVE REMUNERATION POLICY AND OTHER TERMS OF EMPLOYMENT FOR EXECUTIVE MANAGEMENT Say-on-Pay Board AGAINST 3
KONGSBERG GRUPPEN ASA May 7, 2025 APPROVE REMUNERATION STATEMENT Say-on-Pay Board AGAINST 3
KONGSBERG GRUPPEN ASA May 7, 2025 REELECT EIVIND REITEN AS DIRECTOR Director Elections Board AGAINST 3
LVMH MOET HENNESSY LOUIS VUITTON SE April 17, 2025 APPROVAL OF THE COMPENSATION ELEMENTS PAID DURING THE FINANCIAL YEAR 2024 OR ALLOCATED FOR THE SAME FINANCIAL YEAR TO MR. BERNARD ARNAULT, CHAIRMAN AND CHIEF EXECUTIVE OFFICER Say-on-Pay Board AGAINST 3
LVMH MOET HENNESSY LOUIS VUITTON SE April 17, 2025 APPROVAL OF THE COMPENSATION POLICY FOR THE CHAIRMAN AND CHIEF EXECUTIVE OFFICER Say-on-Pay Board AGAINST 3
LVMH MOET HENNESSY LOUIS VUITTON SE April 17, 2025 APPROVAL OF THE INFORMATION RELATING TO THE COMPENSATION OF CORPORATE OFFICERS, AS REFERRED TO IN SECTION I OF ARTICLE L.22-10-9 OF THE FRENCH COMMERCIAL CODE Compensation Board AGAINST 3
LVMH MOET HENNESSY LOUIS VUITTON SE April 17, 2025 AUTHORIZATION TO BE GRANTED TO THE BOARD OF DIRECTORS, FOR A PERIOD OF TWENTY-SIX MONTHS, TO GRANT SHARE SUBSCRIPTION OPTIONS WITH CANCELLATION OF THE SHAREHOLDERS' PRE-EMPTIVE SUBSCRIPTION RIGHT OR SHARE PURCHASE OPTIONS TO EMPLOYEES AND/OR EXECUTIVE CORPORATE OFFICERS OF THE COMPANY AND RELATED ENTITIES, WITHIN THE LIMIT OF 1% OF THE CAPITAL Capital Structure Board AGAINST 3
LVMH MOET HENNESSY LOUIS VUITTON SE April 17, 2025 DELEGATION OF POWERS TO BE GRANTED TO THE BOARD OF DIRECTORS, FOR A PERIOD OF TWENTY-SIX MONTHS, TO ISSUE, COMMON SHARES OR EQUITY SECURITIES GRANTING ACCESS TO OTHER EQUITY SECURITIES OF THE COMPANY OR GRANTING ENTITLEMENT TO THE ALLOCATION OF DEBT SECURITIES AS COMPENSATION FOR CONTRIBUTIONS IN KIND OF EQUITY SECURITIES OR TRANSFERABLE SECURITIES GRANTING ACCESS TO THE CAPITAL, GRANTED TO THE COMPANY Capital Structure Board AGAINST 3
LVMH MOET HENNESSY LOUIS VUITTON SE April 17, 2025 THE STATUTORY AUDITORS' SPECIAL REPORT ON REGULATED AGREEMENTS Audit-related Board AGAINST 3
META PLATFORMS, INC. May 28, 2025 To approve Meta Platforms, Inc.'s 2025 Equity Incentive Plan. Compensation Board AGAINST 3
MOHAWK INDUSTRIES, INC. May 22, 2025 Election of Director: W. Christopher Wellborn Director Elections Board AGAINST 3
NEWS CORP November 20, 2024 Election of Director: Kelly Ayotte Director Elections Board ABSTAIN 3
NICE LTD July 3, 2024 APPROVAL OF THE CEO EQUITY AWARD Compensation Board AGAINST 3
NICE LTD July 3, 2024 REAPPOINTMENT OF THE FOLLOWING DIRECTOR: MR. DAVID KOSTMAN, BOARD CHAIRMAN Director Elections Board AGAINST 3
NICE LTD July 3, 2024 REAPPOINTMENT OF THE FOLLOWING DIRECTOR: MR. YEHOSUA (SHUKI) EHRLICH, INDEPENDENT DIRECTOR Director Elections Board AGAINST 3
NICE LTD July 3, 2024 UPDATE OF THE EXECUTIVE EQUITY AWARD CAPS AND PERFORMANCE MIX Audit-related Board AGAINST 3
NOVO NORDISK A/S March 27, 2025 ELECTION OF MEMBER TO THE BOARD OF DIRECTOR: RE-ELECTION OF HELGE LUND AS CHAIR Director Elections Board ABSTAIN 3
ORACLE CORPORATION JAPAN August 23, 2024 Appoint a Director John L. Hall Director Elections Board AGAINST 3
ORACLE CORPORATION JAPAN August 23, 2024 Appoint a Director Misawa, Toshimitsu Director Elections Board AGAINST 3
ORACLE CORPORATION JAPAN August 23, 2024 Appoint a Director Natsuno, Takeshi Director Elections Board AGAINST 3
PALANTIR TECHNOLOGIES INC. June 5, 2025 DIRECTOR: Peter Thiel Director Elections Board ABSTAIN 3
PHILLIPS 66 May 21, 2025 Elliott Nominee OPPOSED by the Company: Brian S. Coffman Director Elections Board WITHHOLD 3
PHILLIPS 66 May 21, 2025 Elliott Nominee OPPOSED by the Company: Michael A. Heim Director Elections Board WITHHOLD 3
PHILLIPS 66 May 21, 2025 Elliott Nominee OPPOSED by the Company: Sigmund L. Cornelius Director Elections Board WITHHOLD 3
PHILLIPS 66 May 21, 2025 Elliott Nominee OPPOSED by the Company: Stacy D. Nieuwoudt Director Elections Board WITHHOLD 3
PROSUS N.V. August 21, 2024 TO ADOPT THE REMUNERATION POLICY OF THE EXECUTIVE AND NON-EXECUTIVE DIRECTORS Say-on-Pay Board AGAINST 3
PROSUS N.V. August 21, 2024 TO APPROVE THE DIRECTORS REMUNERATION REPORT (ADVISORY VOTE) Say-on-Pay Board AGAINST 3
PROSUS N.V. August 21, 2024 TO REAPPOINT THE FOLLOWING NON-EXECUTIVE DIRECTOR: CRAIG ENENSTEIN Director Elections Board AGAINST 3
PROSUS N.V. August 21, 2024 TO REAPPOINT THE FOLLOWING NON-EXECUTIVE DIRECTOR: ROBERTO OLIVEIRA DE LIMA Director Elections Board AGAINST 3
RAKUTEN GROUP,INC. March 28, 2025 Appoint a Director Charles B. Baxter Director Elections Board AGAINST 3
SECURITAS AB May 8, 2025 ELECTION OF BOARD MEMBERS Director Elections Board AGAINST 3
SOUTHERN COPPER CORPORATION May 23, 2025 Election of Director: Carlos Ruiz Sacristán Director Elections Board WITHHOLD 3
SOUTHERN COPPER CORPORATION May 23, 2025 Election of Director: Javier Arrigunaga Gomez del Campo Director Elections Board WITHHOLD 3
SOUTHERN COPPER CORPORATION May 23, 2025 Election of Director: Luis Miguel Palomino Bonilla Director Elections Board WITHHOLD 3
TAKEDA PHARMACEUTICAL COMPANY LIMITED June 25, 2025 Approve Payment of Bonuses to Directors (Excluding Directors who are Audit and Supervisory Committee Members) Compensation Board AGAINST 3
THE COCA-COLA COMPANY April 30, 2025 Election of Director: Thomas S. Gayner Director Elections Board AGAINST 3
TOYOTA TSUSHO CORPORATION June 20, 2025 Appoint a Director Didier Leroy Director Elections Board AGAINST 3
U.S. BANCORP April 15, 2025 Election of Director: Kimberly J. Harris Director Elections Board ABSTAIN 3
UNITEDHEALTH GROUP INCORPORATED June 2, 2025 Election of Director: Andrew Witty Director Elections Board ABSTAIN 3
VESTAS WIND SYSTEMS A/S April 8, 2025 ELECTION OF MEMBER TO THE BOARD OF DIRECTORS: RE-ELECTION OF ANDERS ERIK RUNEVAD Compensation Board ABSTAIN 3
WAERTSILAE CORPORATION March 13, 2025 REELECT KAREN BOMBA, MORTEN H. ENGELSTOFT, KARIN FALK, JOHAN FORSSELL, TOM JOHNSTONE (CHAIR), TIINA TUOMELA AND MIKA VEHVILAINEN (VICE-CHAIR) AS DIRECTORS; ELECT HENRIK EHRNROOTH AS NEW DIRECTOR Director Elections Board AGAINST 3
A.O. SMITH CORPORATION April 8, 2025 DIRECTOR: Adrian I. Peace Director Elections Board ABSTAIN 2
A.O. SMITH CORPORATION April 8, 2025 DIRECTOR: Michael M. Larsen Director Elections Board ABSTAIN 2
A.P. MOELLER - MAERSK A/S March 18, 2025 REELECT MARC ENGEL AS DIRECTOR Director Elections Board ABSTAIN 2
ABBOTT LABORATORIES April 25, 2025 Election of Director: J. G. Stratton Director Elections Board AGAINST 2
ACADIA HEALTHCARE COMPANY, INC. May 29, 2025 Election of Director: Reeve B. Waud Director Elections Board AGAINST 2
ACCTON TECHNOLOGY CORPORATION June 12, 2025 THE ELECTION OF THE DIRECTOR.:GOLDEN TENGIS CO., LTD,SHAREHOLDER NO.192057 Director Elections Board AGAINST 2
ACWA POWER January 2, 2025 VOTING ON THE ELECTION OF THE MEMBER OF THE BOARD OF DIRECTORS FROM AMONG THE NOMINEES FOR THE NEXT SESSION WHICH BEGINS ON 05/01/2025 FOR A TERM THAT WILL BE DETERMINED IN ACCORDANCE TO VOTING RESULT OF AGENDA NO (1): MR. ABDULELAH AHMED ABDULAZIZ AL-AHMED Director Elections Board ABSTAIN 2
ACWA POWER January 2, 2025 VOTING ON THE RESOLUTION OF THE BOARD OF DIRECTORS TO APPOINT A (NON-EXECUTIVE) BOARD MEMBER STARTING FROM THE DATE OF HIS APPOINTMENT ON 15/10/2023 TO COMPLETE THE BOARD TERM UNTIL THE END OF THE CURRENT TERM ON 04/01/2025: MR. ABDULLAH FAHAD ABDULJABBAR Director Elections Board AGAINST 2
ACWA POWER June 30, 2025 VOTING ON THE AMENDMENT OF REMUNERATION POLICY FOR MEMBERS OF THE BOARD, ITS COMMITTEE, AND EXECUTIVE MANAGEMENT Say-on-Pay Board AGAINST 2
ACWA POWER June 30, 2025 VOTING ON THE COMPANY S PURCHASE OF ITS SHARES WITH A MAXIMUM OF (1,608,478) SHARES FOR THE PURPOSE OF ALLOCATING THEM TO THE EMPLOYEES STOCK INCENTIVE PROGRAM, THE PURCHASE WILL BE FINANCED THROUGH THE COMPANY OWN RESOURCES, PROVIDED THAT THE BOARD OF DIRECTORS IS AUTHORIZED TO COMPLETE THE PURCHASE WITHIN A MAXIMUM PERIOD OF EIGHTEEN MONTHS FROM THE DATE OF THE RESOLUTION OF THE EXTRAORDINARY GENERAL ASSEMBLY, THE COMPANY MAY HOLD THE PURCHASED SHARES FOR A PERIOD NOT EXCEEDING (7) YEARS FROM THE DATE OF APPROVAL OF THE EXTRAORDINARY GENERAL ASSEMBLY AS A MAXIMUM UNTIL THEY ARE ALLOCATED TO THE EMPLOYEES STOCK INCENTIVE PROGRAM, AND ONCE 7 YEARS PERIOD LAPSES, THE COMPANY WILL FOLLOW THE PROCEDURES AND CONTROLS STIPULATED IN THE RELEVANT LAWS AND REGULATIONS. THE ASSEMBLY AUTHORIZE THE BOARD OF DIRECTORS TO DETERMINE THE TERMS OF THIS PROGRAM, INCLUDING THE ALLOCATION PRICE FOR EACH SHARE OFFERED TO EMPLOYEES IF IT IS FOR A CONSIDERATION Capital Structure Board AGAINST 2
ACWA POWER June 30, 2025 VOTING ON THE RECOMMENDATION OF THE BOARD OF DIRECTORS REGARDING THE INCREASE OF THE COMPANY S SHARE CAPITAL WITH A TOTAL OFFERING VALUE OF SAR (7,124,999,700), THROUGH RIGHTS ISSUE, PROVIDED THAT THE COMPANY WILL ANNOUNCE THE PROPOSED DETAILS RELATED TO THE NUMBER OF NEW SHARES, OFFER PRICE AND THE RESULTING SHARE CAPITAL INCREASE POST MARKET CLOSE ON THE EXTRAORDINARY GENERAL ASSEMBLY MEETING DAY AND BEFORE THE EXTRAORDINARY GENERAL ASSEMBLY MEETING, AND PRESENT SUCH DETAILS RELATED TO THE NUMBER OF NEW SHARES, OFFER PRICE AND THE RESULTING SHARE CAPITAL INCREASE TO THE SHAREHOLDERS DURING THE EXTRAORDINARY GENERAL ASSEMBLY MEETING FOR APPROVAL. THE SUBSCRIPTION TO THE RIGHTS ISSUE SHARES WILL BE IN ACCORDANCE WITH THE SUBSCRIPTION TERMS AND CONDITIONS SET OUT IN THE PROSPECTUS PUBLISHED BY THE COMPANY Capital Structure Board AGAINST 2
ADANI PORTS & SPECIAL ECONOMIC ZONE LTD June 24, 2025 TO CONSIDER AND IF THOUGHT FIT, APPROVE THE RE-APPOINTMENT OF MR. P.S. JAYAKUMAR (DIN: 01173236) AS AN INDEPENDENT DIRECTOR (NON-EXECUTIVE) OF THE COMPANY TO HOLD OFFICE FOR SECOND TERM OF 3 (THREE) YEARS AND TO PASS WITH OR WITHOUT MODIFICATION(S), THE FOLLOWING RESOLUTION AS A SPECIAL RESOLUTION Director Elections Board AGAINST 2
AERCAP HOLDINGS N.V. April 16, 2025 Re-appointment of Mr. Paul Dacier as non-executive director for a period of four years. Director Elections Board AGAINST 2
AGRICULTURAL BANK OF CHINA September 6, 2024 TO CONSIDER AND APPROVE THE RE-ELECTION OF MR. LIN LI AS AN EXECUTIVE DIRECTOR OF THE BANK Director Elections Board AGAINST 2
AIA GROUP LTD May 23, 2025 TO RE-ELECT MR. GEORGE YONG-BOON YEO AS INDEPENDENT NON-EXECUTIVE DIRECTOR OF THE COMPANY Director Elections Board AGAINST 2
AIR PRODUCTS AND CHEMICALS, INC. January 23, 2025 Mantle Ridge Nominee OPPOSED by the Company: Dennis Reilley Director Elections Board WITHHOLD 2
AIR PRODUCTS AND CHEMICALS, INC. January 23, 2025 Mantle Ridge Nominee OPPOSED by the Company: Paul Hilal Director Elections Board WITHHOLD 2
AIR PRODUCTS AND CHEMICALS, INC. January 23, 2025 Mantle Ridge Nominee OPPOSED by the Company: Tracy McKibben Director Elections Board WITHHOLD 2
AIR PRODUCTS AND CHEMICALS, INC. January 23, 2025 Nominee RECOMMENDED by the Company: Charles Cogut Director Elections Board WITHHOLD 2
ALMARAI CO LTD April 13, 2025 VOTING ON THE DISCHARGE OF MEMBERS OF THE BOARD OF DIRECTOR'S FROM LIABILITY FOR THE FINANCIAL YEAR ENDED 31/12/2024 Director Elections Board AGAINST 2
ALTEOGEN INC. March 31, 2025 APPROVAL OF LIMITS ON REMUNERATION FOR DIRECTOR Compensation Board AGAINST 2
AMBEV SA April 29, 2025 ELECTION OF THE FISCAL COUNCIL BY SINGLE SLATE. NOMINATION OF ALL THE NAMES THAT COMPOSE THE SLATE. JOSE RONALDO VILELA REZENDE EMANUEL SOTELINO SCHIFFERLE AND ELIDIE PALMA BIFANO EDUARDO ROGATTO LUQUE Compensation Board ABSTAIN 2
AMEREN CORPORATION May 8, 2025 Nominee withdrawn Director Elections Board ABSTAIN 2
ARES MANAGEMENT CORPORATION June 6, 2025 Approval, on a non-binding, advisory basis, of the compensation paid to our named executive officers for our 2024 fiscal year. Say-on-Pay Board AGAINST 2
ARISTA NETWORKS, INC. May 30, 2025 Approval, on an advisory basis, of the compensation of our named executive officers. Say-on-Pay Board AGAINST 2
ARISTOCRAT LEISURE LIMITED February 20, 2025 APPROVAL FOR THE GRANT OF PERFORMANCE SHARE RIGHTS TO THE CHIEF EXECUTIVE OFFICER AND MANAGING DIRECTOR UNDER THE LONG-TERM INCENTIVE PLAN Compensation Board AGAINST 2
ASELSAN ELEKTRONIK SANAYI VE TICARET A.S. May 29, 2025 APPROVE DIRECTOR REMUNERATION Compensation Board AGAINST 2

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Built October 13, 2026 from SEC Form N-PX filings.