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MASTER INVESTMENT PORTFOLIO 2025-2026: 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

3,142 proposals.

MASTER INVESTMENT PORTFOLIO, 2025-2026 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
CHINA NORTHERN RARE EARTH (GROUP) HIGH-TECH CO LTD May 12, 2026 Approve 2025 Daily Related Party Transactions and 2026 Daily Related Party Transactions Extraordinary Transactions Board AGAINST 2
CHINA NORTHERN RARE EARTH (GROUP) HIGH-TECH CO LTD May 12, 2026 Approve Financial Services Agreement Extraordinary Transactions Board AGAINST 2
CHINA RESOURCES BEER (HOLDINGS) COMPANY LTD May 20, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 2
CHINA RESOURCES BEER (HOLDINGS) COMPANY LTD May 20, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 2
CHINA RESOURCES BEER (HOLDINGS) COMPANY LTD May 20, 2026 Elect Guo Wei as Director Director Elections Board AGAINST 2
CHINA RESOURCES BEER (HOLDINGS) COMPANY LTD May 20, 2026 Elect Houang Tai Ninh as Director Director Elections Board AGAINST 2
CHINA RESOURCES BEER (HOLDINGS) COMPANY LTD May 20, 2026 Elect Li Ka Cheung, Eric as Director Director Elections Board AGAINST 2
CHOW TAI FOOK JEWELLERY GROUP LTD July 23, 2025 TO GRANT THE DIRECTORS A GENERAL MANDATE TO ISSUE NEW SHARES OF THE COMPANY NOT EXCEEDING 10% OF THE AGGREGATE NOMINAL AMOUNT OF THE ISSUED SHARE CAPITAL OF THE COMPANY AS AT THE DATE OF THIS RESOLUTION. Capital Structure Board AGAINST 2
CHOW TAI FOOK JEWELLERY GROUP LTD July 23, 2025 TO RE-ELECT MR. LAM KIN-FUNG, JEFFREY AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR Director Elections Board AGAINST 2
CLOUDFLARE, INC. June 30, 2026 Approval and adoption of an amendment and restatement of our amended and restated certificate of incorporation. Approval and adoption of amendments to establish the Class C common stock. Capital Structure Board AGAINST 2
CLOUDFLARE, INC. June 30, 2026 Approval of the amendment and restatement of our 2019 Equity Incentive Plan. Compensation Board AGAINST 2
CLOUDFLARE, INC. June 30, 2026 Approval of the amendment and restatement of our Amended and Restated 2019 Employee Stock Purchase Plan. Compensation Board AGAINST 2
CLOUDFLARE, INC. June 30, 2026 Approval, on an advisory basis, of the compensation of our named executive officers. Say-on-Pay Board AGAINST 2
CLOUDFLARE, INC. June 30, 2026 DIRECTOR: Scott Sandell Director Elections Board ABSTAIN 2
CLP HOLDINGS LTD May 8, 2026 ELECT CHUNYUAN GU AS DIRECTOR Director Elections Board AGAINST 2
CNA FINANCIAL CORPORATION April 29, 2026 An advisory (non-binding) vote to approve named executive officer compensation. Say-on-Pay Board AGAINST 2
COMCAST CORPORATION June 10, 2026 DIRECTOR: Edward D. Breen Director Elections Board ABSTAIN 2
COROMANDEL INTERNATIONAL LTD July 24, 2025 TO APPOINT MR.ARUN ALAGAPPAN, EXECUTIVE CHAIRMAN (00291361) WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HIMSELF FOR RE-APPOINTMENT Director Elections Board AGAINST 2
CORPAY, INC. May 7, 2026 Advisory vote to approve named executive officer compensation. Say-on-Pay Board AGAINST 2
CORPAY, INC. May 7, 2026 Elect Directors nominated by the Board of Directors for a one-year term: Joseph W. Farrelly Director Elections Board AGAINST 2
COUPANG, INC. June 11, 2026 Election of Director: Director withdrawn Director Elections Board ABSTAIN 2
CREDIT AGRICOLE SA May 20, 2026 Approve Compensation of Philippe Brassac, CEO From January 1, 2025 to May 14, 2025 Say-on-Pay Board AGAINST 2
CREDIT AGRICOLE SA May 20, 2026 Approve Compensation of Xavier Musca, Vice-CEO From January 1, 2025 to May 14, 2025 Say-on-Pay Board AGAINST 2
CREDIT AGRICOLE SA May 20, 2026 Reelect Eric Vial as Director Director Elections Board AGAINST 2
CREDIT AGRICOLE SA May 20, 2026 Reelect Marie-Claire Daveu as Director Director Elections Board AGAINST 2
CRRC CORPORATION LTD September 22, 2025 ELECTION OF INDEPENDENT NON-EXECUTIVE DIRECTOR: WEI MINGDE Director Elections Board AGAINST 2
CRRC CORPORATION LTD September 22, 2025 TO CONSIDER AND APPROVE THE ELECTION OF MR. NGAI MING TAK AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR Director Elections Board AGAINST 2
CSPC PHARMACEUTICAL GROUP LIMITED May 28, 2026 Elect Li Quan as Director Director Elections Board AGAINST 2
DAI-ICHI LIFE HOLDINGS,INC. June 22, 2026 Appoint a Director who is not Audit and Supervisory Committee Member Sumino, Toshiaki Director Elections Board AGAINST 2
DASSAULT SYSTEMES SE May 20, 2026 Approve Compensation Report of Corporate Officers Compensation Board AGAINST 2
DELL TECHNOLOGIES INC. June 25, 2026 DIRECTOR: Ellen J. Kullman* Director Elections Board ABSTAIN 2
DOXIMITY, INC August 28, 2025 DIRECTOR: Kira Wampler Director Elections Board ABSTAIN 2
DRAFTKINGS INC. May 12, 2026 DIRECTOR: Marni M. Walden Director Elections Board ABSTAIN 2
DROPBOX, INC. May 21, 2026 DIRECTOR: Karen Peacock Director Elections Board ABSTAIN 2
DSM-FIRMENICH AG May 7, 2026 REELECT PATRICK FIRMENICH AS DIRECTOR Director Elections Board AGAINST 2
DUBAI ELECTRICITY & WATER AUTHORITY April 2, 2026 APPROVE A TOTAL RENUMERATION FOR THE BOARD OF DIRECTOR OF DEWA FOR THE FINANCIAL YEAR THAT ENDED 31 DEC 2025 AS SPECIFIED IN DEWAS CORPORATE GOVERNANCE REPORT Compensation Board AGAINST 2
DUBAI ELECTRICITY & WATER AUTHORITY April 2, 2026 APPROVE THE APPOINTMENT AND FEES OF THE AUDITORS FOR DEWA FOR THE FISCAL YEAR ENDING 31 DEC 2026 Audit-related Board ABSTAIN 2
DUOLINGO, INC. June 3, 2026 DIRECTOR: Amy Bohutinsky Director Elections Board ABSTAIN 2
DUTCH BROS May 13, 2026 Election of Directors Stephen Gillett Director Elections Board AGAINST 2
DUTCH BROS May 13, 2026 Election of Directors Todd Penegor Director Elections Board AGAINST 2
EMAAR DEVELOPMENT PJSC March 26, 2026 Elect Adnan Abdulfattah as Director Director Elections Board ABSTAIN 2
EMAAR DEVELOPMENT PJSC March 26, 2026 Elect Ahmed Jawah as Director Director Elections Board ABSTAIN 2
EMAAR DEVELOPMENT PJSC March 26, 2026 Elect Aishah bin Loutah as Director Director Elections Board ABSTAIN 2
EMAAR DEVELOPMENT PJSC March 26, 2026 Elect Ali Al Mutawaa as Director Director Elections Board ABSTAIN 2
EMAAR DEVELOPMENT PJSC March 26, 2026 Elect Ali Ismaeel as Director Director Elections Board ABSTAIN 2
EMAAR DEVELOPMENT PJSC March 26, 2026 Elect Jamal bin Thaniyah as Director Director Elections Board ABSTAIN 2
EMAAR DEVELOPMENT PJSC March 26, 2026 Elect Mohammed Al Abbar as Director Director Elections Board ABSTAIN 2
EMAAR DEVELOPMENT PJSC March 26, 2026 Elect Mohammed Al Muaalim as Director Director Elections Board ABSTAIN 2
ENN ENERGY HOLDINGS LTD May 27, 2026 Elect Law Yee Kwan, Quinn as Director Director Elections Board AGAINST 2
EQT CORPORATION April 14, 2026 Election of 10 Directors Hallie A. Vanderhider Director Elections Board AGAINST 2
ETERNAL LTD March 13, 2026 APPROVAL FOR THE RE-APPOINTMENT OF KAUSHIK DUTTA (DIN: 03328890) AS INDEPENDENT DIRECTOR OF THE COMPANY AND PAYMENT OF REMUNERATION Director Elections Board AGAINST 2
ETERNAL LTD March 13, 2026 APPROVAL FOR THE RE-APPOINTMENT OF NAMITA GUPTA (DIN: 07337772) AS INDEPENDENT DIRECTOR OF THE COMPANY AND PAYMENT OF REMUNERATION Director Elections Board AGAINST 2
EUROFINS SCIENTIFIC SE April 23, 2026 REELECT EVIE ROOS AS INDEPENDENT NON-EXECUTIVE DIRECTOR Director Elections Board AGAINST 2
EVERPURE, INC. June 10, 2026 DIRECTOR: Roxanne Taylor Director Elections Board ABSTAIN 2
EVOLUTION AB April 24, 2026 APPROVE EUR 16,654.6 REDUCTION IN SHARE CAPITAL VIA SHARE CANCELLATION Capital Structure Board AGAINST 2
EVOLUTION AB April 24, 2026 REELECT MIMI DRAKE AS DIRECTOR Director Elections Board ABSTAIN 2
EXPEDIA GROUP, INC. June 17, 2026 Election of Directors Craig Jacobson Director Elections Board WITHHOLD 2
FEDEX CORPORATION September 29, 2025 Advisory vote to approve named executive officer compensation. Say-on-Pay Board AGAINST 2
FORTESCUE LTD October 31, 2025 PARTICIPATION IN THE PERFORMANCE RIGHTS PLAN BY MR AGUSTIN PICHOT Compensation Board AGAINST 2
FOSHAN HAITIAN FLAVOURING AND FOOD COMPANY LTD May 11, 2026 Approve 2026 A Share Employee Stock Ownership Scheme (Draft) and Its Summary Compensation Board AGAINST 2
FOSHAN HAITIAN FLAVOURING AND FOOD COMPANY LTD May 11, 2026 Approve Administrative Measures for the 2026 A Share Employee Stock Ownership Scheme Compensation Board AGAINST 2
FOSHAN HAITIAN FLAVOURING AND FOOD COMPANY LTD May 11, 2026 Authorize the Board of Directors to Handle Matters in Relation to the 2026 A Share Employee Stock Ownership Scheme Compensation Board AGAINST 2
GAIL (INDIA) LTD August 29, 2025 APPROVAL FOR APPOINTMENT OF MS. KAMINI CHAUHAN RATAN (DIN-09831741) AS A GOVERNMENT NOMINEE DIRECTOR OF THE COMPANY Director Elections Board AGAINST 2
GAIL (INDIA) LTD August 29, 2025 APPROVAL FOR APPOINTMENT OF MS. KANGABAM INAOCHA DEVI (DIN-07812922) AS AN INDEPENDENT DIRECTOR OF THE COMPANY Director Elections Board AGAINST 2
GAIL (INDIA) LTD August 29, 2025 APPROVAL FOR APPOINTMENT OF SHRI AKHILESH JAIN (DIN-07731983) AS AN INDEPENDENT DIRECTOR OF THE COMPANY Director Elections Board AGAINST 2
GAIL (INDIA) LTD August 29, 2025 APPROVAL FOR APPOINTMENT OF SHRI SANJAY KASHYAP (DIN-09402360) AS AN INDEPENDENT DIRECTOR OF THE COMPANY Director Elections Board AGAINST 2
GAIL (INDIA) LTD August 29, 2025 TO APPOINT A DIRECTOR IN PLACE OF SHRI SANJAY KUMAR, DIRECTOR (MARKETING) (DIN-08346704), WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HIMSELF FOR RE-APPOINTMENT Director Elections Board AGAINST 2
GALAXY ENTERTAINMENT GROUP LTD May 12, 2026 Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 2
GALAXY ENTERTAINMENT GROUP LTD May 12, 2026 Elect Francis Lui Yiu Tung as Director Director Elections Board AGAINST 2
GANFENG LITHIUM GROUP CO., LTD May 20, 2026 Approve General Mandate to Issue Domestic and Overseas Bond Products Capital Structure Board AGAINST 2
GANFENG LITHIUM GROUP CO., LTD May 20, 2026 Approve Grant of General Mandate to the Board Capital Structure Board AGAINST 2
GIGA DEVICE SEMICONDUCTOR INC. April 24, 2026 Approve General Mandate for the Issue of New H Shares, Sale and/or Transfer of Treasury Shares Capital Structure Board AGAINST 2
GJENSIDIGE FORSIKRING ASA March 26, 2026 Reelect Dag Mejdell (Chair), Gunnar Robert Sellaeg, Gyrid Skalleberg Ingero, Mari Thjomoe, Simona Trombetta and Tor Magne Lonnum as Directors; Elect Nils-Jakob Rosholt as New Director Director Elections Board AGAINST 2
GOERTEK INC October 30, 2025 ELECTION OF NON-INDEPENDENT DIRECTOR: JIANG LONG Director Elections Board AGAINST 2
GREAT WALL MOTOR CO LTD June 26, 2026 Elect Fan Hui as Director and Determine His Remuneration Plan Director Elections Board AGAINST 2
GROUPE BRUXELLES LAMBERT SA May 7, 2026 Reelect Paul Desmarais, III as Director Director Elections Board AGAINST 2
GRUPO MEXICO SAB DE CV April 30, 2026 Elect and/or Ratify Directors; Verify Independence of Board Members; Elect or Ratify Chairs and Members of Board Committees Director Elections Board AGAINST 2
GUANGZHOU TINCI MATERIALS TECHNOLOGY CO., LTD. March 31, 2026 Approve Provision of Guarantees Extraordinary Transactions Board AGAINST 2
H & M HENNES & MAURITZ AB May 5, 2026 APPROVE PERFORMANCE SHARE INCENTIVE PLAN LTIP 2026 FOR KEY EMPLOYEES Compensation Board AGAINST 2
HAMILTON LANE INCORPORATED September 4, 2025 Advisory, non-binding vote to approve named executive officer compensation. Say-on-Pay Board AGAINST 2
HARMONY GOLD MINING CO LTD November 26, 2025 TO ELECT ZANELE MATLALA AS A DIRECTOR Director Elections Board AGAINST 2
HDFC ASSET MANAGEMENT COMPANY LTD November 16, 2025 APPROVAL FOR THE ISSUE OF BONUS SHARES Capital Structure Board AGAINST 2
HEICO CORPORATION March 13, 2026 ELECTION OF HEICO'S BOARD OF DIRECTORS FOR THE ENSUING YEAR Dr. Alan Schriesheim Director Elections Board AGAINST 2
HENGLI PETROCHEMICAL CO LTD May 8, 2026 Approve Guarantee Plan Extraordinary Transactions Board AGAINST 2
HENRY SCHEIN, INC. May 21, 2026 Election of Incumbent Directors Max Lin Director Elections Board AGAINST 2
HERMES INTERNATIONAL SA April 17, 2026 Approve Auditors' Special Report on Related-Party Transactions Audit-related Board AGAINST 2
HERMES INTERNATIONAL SA April 17, 2026 Approve Compensation Report of Corporate Officers Compensation Board AGAINST 2
HERMES INTERNATIONAL SA April 17, 2026 Approve Compensation of Axel Dumas, General Manager Say-on-Pay Board AGAINST 2
HERMES INTERNATIONAL SA April 17, 2026 Approve Compensation of Emile Hermes SAS, General Manager Say-on-Pay Board AGAINST 2
HERMES INTERNATIONAL SA April 17, 2026 Approve Remuneration Policy of General Managers Compensation Board AGAINST 2
HERMES INTERNATIONAL SA April 17, 2026 Authorize up to 2 Percent of Issued Capital for Use in Restricted Stock Plans Compensation Board AGAINST 2
HINDALCO INDUSTRIES LTD August 21, 2025 APPOINT A DIRECTOR IN PLACE OF MRS. RAJASHREE BIRLA [DIN: 00022995], NON-EXECUTIVE DIRECTOR, WHO RETIRES BY ROTATION AND BEING ELIGIBLE, SEEKS RE-APPOINTMENT Director Elections Board AGAINST 2
HINDUSTAN AERONAUTICS LTD August 28, 2025 APPOINTMENT OF DR. RAJALAKSHMI MENON, (DIN: 10776165) AS PART-TIME OFFICIAL DIRECTOR (GOVERNMENT NOMINEE DIRECTOR) OF THE COMPANY Director Elections Board AGAINST 2
HINDUSTAN AERONAUTICS LTD August 28, 2025 APPOINTMENT OF DR. SORATHUR DURAISAMY PREMKUMAR, (DIN: 11103113) AS PART-TIME NON-OFFICIAL (INDEPENDENT) DIRECTOR OF THE COMPANY Director Elections Board AGAINST 2
HINDUSTAN AERONAUTICS LTD August 28, 2025 APPOINTMENT OF MS. MANISHA CHANDRA, (DIN: 07557312) AS PART-TIME OFFICIAL DIRECTOR (GOVERNMENT NOMINEE DIRECTOR) OF THE COMPANY Director Elections Board AGAINST 2
HINDUSTAN AERONAUTICS LTD August 28, 2025 APPOINTMENT OF SHRI BARENYA SENAPATI, (DIN: 08525943) AS DIRECTOR (FINANCE) OF THE COMPANY Director Elections Board AGAINST 2
HINDUSTAN PETROLEUM CORPORATION LTD August 22, 2025 APPOINTMENT OF SMT. SHARDA SINGH KHARWAR (DIN: 09414443) AS AN INDEPENDENT DIRECTOR OF THE COMPANY Director Elections Board AGAINST 2
HINDUSTAN PETROLEUM CORPORATION LTD August 22, 2025 TO APPOINT A DIRECTOR IN PLACE OF SHRI AMIT GARG (DIN: 08515246) WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HIMSELF FOR REAPPOINTMENT Director Elections Board AGAINST 2
HINDUSTAN PETROLEUM CORPORATION LTD August 22, 2025 TO APPOINT A DIRECTOR IN PLACE OF SHRI RAJNEESH NARANG (DIN: 08188549) WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HIMSELF FOR REAPPOINTMENT Director Elections Board AGAINST 2
HOLOGIC, INC. February 5, 2026 A proposal to approve, on an advisory (non-binding) basis, the compensation that may be paid or become payable to the named executive officers of the Company in connection with the transactions contemplated by the merger agreement, including consummation of the merger. Say-on-Pay Board AGAINST 2

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Built October 18, 2026 from SEC Form N-PX filings.