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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
SITC INTERNATIONAL HOLDINGS CO LTD April 20, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 2
SITC INTERNATIONAL HOLDINGS CO LTD April 20, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 2
SKANSKA AB March 31, 2026 APPROVE EQUITY PLAN FINANCING Compensation Board AGAINST 2
SKYWORKS SOLUTIONS, INC. May 13, 2026 To approve, on an advisory basis, the compensation of the Company's named executive officers, as described in the Company's Proxy Statement. Say-on-Pay Board AGAINST 2
SM INVESTMENTS CORP April 29, 2026 Elect Teresita T. Sy as Director Director Elections Board WITHHOLD 2
SMITHFIELD FOODS, INC. June 2, 2026 DIRECTOR: Hank Shenghua He Director Elections Board ABSTAIN 2
SNOWFLAKE INC. July 2, 2025 To approve, on a non-binding advisory basis, the compensation of our named executive officers. Say-on-Pay Board AGAINST 2
SNOWFLAKE INC. June 29, 2026 Election of three Class III Directors for terms expiring in 2029. Mark D. McLaughlin Director Elections Board WITHHOLD 2
SNOWFLAKE INC. June 29, 2026 To approve, on a non-binding advisory basis, the compensation of our named executive officers. Say-on-Pay Board AGAINST 2
SOUTHWEST AIRLINES CO. May 7, 2026 Election of Directors. Christopher P. Reynolds Director Elections Board AGAINST 2
SPOTIFY TECHNOLOGY S.A. April 15, 2026 Approve the directors' remuneration for the year 2026. Compensation Board AGAINST 2
SPOTIFY TECHNOLOGY S.A. April 15, 2026 Election of Director: Mr. Christopher Marshall (B Director) Director Elections Board AGAINST 2
SPOTIFY TECHNOLOGY S.A. April 15, 2026 Election of Director: Mr. Martin Lorentzon (A Director) Director Elections Board AGAINST 2
SPOTIFY TECHNOLOGY S.A. April 15, 2026 Election of Director: Mr. Shishir Samir Mehrotra (A Director) Director Elections Board AGAINST 2
SPOTIFY TECHNOLOGY S.A. April 15, 2026 Election of Director: Ms. Heidi O'Neill (B Director) Director Elections Board AGAINST 2
STONECO LTD April 23, 2026 APPROVAL OF THE REELECTION OF SILVIO JOSÉ MORAIS AS A DIRECTOR Director Elections Board AGAINST 2
SUN PHARMACEUTICAL INDUSTRIES LTD April 17, 2026 RE-APPOINTMENT OF DR. PAWAN GOENKA (DIN:00254502) AS AN INDEPENDENT DIRECTOR Director Elections Board AGAINST 2
SUNNY OPTICAL TECHNOLOGY (GROUP) CO LTD May 27, 2026 Adopt 2026 Share Award Scheme Compensation Board AGAINST 2
SUNNY OPTICAL TECHNOLOGY (GROUP) CO LTD May 27, 2026 Adopt Service Provider Sublimit Compensation Board AGAINST 2
SUNNY OPTICAL TECHNOLOGY (GROUP) CO LTD May 27, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 2
SUNNY OPTICAL TECHNOLOGY (GROUP) CO LTD May 27, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 2
SUZHOU DONGSHAN PRECISION MANUFACTURING CO LTD May 15, 2026 Approve Remuneration of Directors and Senior Management Members Compensation Board AGAINST 2
SUZHOU DONGSHAN PRECISION MANUFACTURING CO LTD May 15, 2026 Elect Yuan Yonggang as Director Director Elections Board AGAINST 2
SUZHOU DONGSHAN PRECISION MANUFACTURING CO LTD May 15, 2026 Elect Zhao Xiutian as Director Director Elections Board AGAINST 2
SWEDISH ORPHAN BIOVITRUM AB May 6, 2026 APPROVE ALTERNATIVE EQUITY PLAN FINANCING Compensation Board AGAINST 2
SWEDISH ORPHAN BIOVITRUM AB May 6, 2026 APPROVE LONG TERM INCENTIVE PROGRAM (ALL EMPLOYEE PROGRAM) Compensation Board AGAINST 2
SWEDISH ORPHAN BIOVITRUM AB May 6, 2026 APPROVE TRANSFER OF SHARES IN CONNECTION WITH PREVIOUS SHARE PROGRAMS Compensation Board AGAINST 2
SWIRE PACIFIC LTD May 14, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 2
T-MOBILE US, INC. June 16, 2026 DIRECTOR: Christian P. Illek Director Elections Board ABSTAIN 2
T-MOBILE US, INC. June 16, 2026 DIRECTOR: Dominique Leroy Director Elections Board ABSTAIN 2
T-MOBILE US, INC. June 16, 2026 DIRECTOR: Marcelo Claure Director Elections Board ABSTAIN 2
T-MOBILE US, INC. June 16, 2026 DIRECTOR: Raphael Kübler Director Elections Board ABSTAIN 2
TENARIS SA May 12, 2026 APPROVE REMUNERATION REPORT Say-on-Pay Board AGAINST 2
TENARIS SA May 12, 2026 ELECT DIRECTORS (BUNDLED) Director Elections Board AGAINST 2
TENCENT HOLDINGS LTD May 13, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 2
TENCENT HOLDINGS LTD May 13, 2026 Elect Jacobus Petrus (Koos) Bekker as Director Director Elections Board AGAINST 2
TESLA, INC. November 6, 2025 A Tesla proposal to elect three Class III directors to serve for a term of three years, or until their respective successors are duly elected and qualified. Ira Ehrenpreis Director Elections Board AGAINST 2
TFS FINANCIAL CORPORATION February 26, 2026 Election of Directors. WILLIAM C. MULLIGAN Director Elections Board AGAINST 2
THALES SA May 12, 2026 APPROVE COMPENSATION REPORT OF CORPORATE OFFICERS Compensation Board AGAINST 2
THALES SA May 12, 2026 APPROVE REMUNERATION POLICY OF CHAIRMAN AND CEO Say-on-Pay Board AGAINST 2
THE ESTEE LAUDER COMPANIES INC. November 13, 2025 Election of Director Nominees: William P. Lauder Director Elections Board WITHHOLD 2
THE TRADE DESK, INC. September 16, 2025 The approval of the amendment and restatement of the articles of incorporation of The Trade Desk, Inc. to change the date all of the shares of Class B common stock will automatically convert into Class A common stock and to waive jury trials for internal actions in conformity with recent Nevada law updates. Capital Structure Board AGAINST 2
THE WILLIAMS COMPANIES, INC. April 28, 2026 Election of Director for a One-Year Term: VACANT Director Elections Board ABSTAIN 2
TIM SA March 31, 2026 Ratify Denisio Augusto Liberato Delfino as Independent Director and Camillo Greco as Director Director Elections Board AGAINST 2
TINGYI (CAYMAN ISLANDS) HOLDING CORP June 8, 2026 Elect Masaya Tochio as Director and Authorize Board to Fix His Remuneration Director Elections Board AGAINST 2
TITAN COMPANY LTD July 22, 2025 TO APPOINT A DIRECTOR IN PLACE OF MS. MARIAM PALLAVI BALDEV, IAS (DIN: 09281201), WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HERSELF FOR RE-APPOINTMENT Director Elections Board AGAINST 2
TPG INC. June 3, 2026 Election of Directors Mary Cranston Director Elections Board WITHHOLD 2
TRIMBLE INC. May 26, 2026 DIRECTOR: Mark S. Peek Director Elections Board ABSTAIN 2
TURKIYE IS BANKASI AS March 31, 2026 Approve Director Remuneration Compensation Board AGAINST 2
TURKIYE IS BANKASI AS March 31, 2026 Elect Directors Director Elections Board AGAINST 2
TYSON FOODS, INC. February 5, 2026 Election of Directors David J. Bronczek Director Elections Board AGAINST 2
TYSON FOODS, INC. February 5, 2026 Election of Directors Les R. Baledge Director Elections Board AGAINST 2
TYSON FOODS, INC. February 5, 2026 To approve, on a non-binding advisory basis, the compensation of the Company's named executive officers. Say-on-Pay Board AGAINST 2
UBER TECHNOLOGIES, INC. May 4, 2026 Election of Directors Nikesh Arora Director Elections Board AGAINST 2
UBIQUITI INC. December 4, 2025 Election of a Director Ronald A. Sege Director Elections Board WITHHOLD 2
UNICHARM CORPORATION March 19, 2026 Appoint a Director who is not Audit and Supervisory Committee Member Takahara, Takahisa Director Elections Board AGAINST 2
UWM HOLDINGS CORPORATION June 3, 2026 DIRECTOR: Jeffrey A. Ishbia Director Elections Board ABSTAIN 2
VAR ENERGI ASA May 29, 2026 Approve Remuneration Statement Say-on-Pay Board AGAINST 2
VICTORY GIANT TECHNOLOGY (HUIZHOU)CO LTD June 29, 2026 Approve Grant of General Mandate to Issue Shares (Including Sale or Transfer of Treasury Shares) Capital Structure Board AGAINST 2
VICTORY GIANT TECHNOLOGY (HUIZHOU)CO LTD June 29, 2026 Approve Increase in the Use of Idle Self-Owned Funds for Cash Management Extraordinary Transactions Board AGAINST 2
VIKING THERAPEUTICS INC May 19, 2026 DIRECTOR: S. Kathryn Rouan, Ph D Director Elections Board ABSTAIN 2
VIRTU FINANCIAL INC June 10, 2026 DIRECTOR: Joseph J. Grano, Jr. Director Elections Board ABSTAIN 2
VISA INC. January 27, 2026 To elect the eleven director nominees named in the proxy statement. William Ready Director Elections Board AGAINST 2
WAERTSILAE CORPORATION March 12, 2026 RATIFY PRICEWATERHOUSECOOPERS AS AUDITORS FOR THE TERM OF OFFICE 2027 Audit-related Board AGAINST 2
WAL-MART DE MEXICO SAB DE CV April 20, 2026 APPROVE ALLOCATION OF INCOME Capital Structure Board ABSTAIN 2
WANHUA CHEMICAL GROUP CO., LTD June 22, 2026 Elect Ma Yuguo as Director Director Elections Board AGAINST 2
WAYFAIR INC May 21, 2026 A non-binding advisory resolution to approve executive compensation. Say-on-Pay Board AGAINST 2
WAYFAIR INC May 21, 2026 Election of Nine Directors Michael Kumin Director Elections Board ABSTAIN 2
WAYFAIR INC May 21, 2026 To approve Amendment No. 1 to the Wayfair Inc. 2023 Incentive Award Plan. Compensation Board AGAINST 2
WELLTOWER INC. May 21, 2026 Election of Directors Ade J. Patton Director Elections Board AGAINST 2
WELLTOWER INC. May 21, 2026 Election of Directors Johnese M. Spisso Director Elections Board AGAINST 2
WELLTOWER INC. May 21, 2026 Election of Directors Kathryn M. Sullivan Director Elections Board AGAINST 2
WELLTOWER INC. May 21, 2026 Election of Directors Sergio D. Rivera Director Elections Board AGAINST 2
WELLTOWER INC. May 21, 2026 The approval, on an advisory basis, of the compensation of the named executive officers. Say-on-Pay Board AGAINST 2
WENS FOODSTUFF GROUP CO., LTD. May 13, 2026 Approve Provision of Guarantee for Raw Material Purchase Payment Extraordinary Transactions Board AGAINST 2
WH GROUP LTD May 8, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 2
WH GROUP LTD May 8, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 2
WHARF REAL ESTATE INVESTMENT COMPANY LIMITED May 12, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 2
WHARF REAL ESTATE INVESTMENT COMPANY LIMITED May 12, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 2
WILLIAMS-SONOMA, INC. June 18, 2026 Election of directors: William Ready Director Elections Board AGAINST 2
WORKDAY, INC. June 16, 2026 Election of Class II Directors. Wayne A.I. Frederick, M.D. Director Elections Board AGAINST 2
WULIANGYE YIBIN CO LTD June 26, 2026 Approve Supplementary Agreement to the Financial Services Agreement Extraordinary Transactions Board AGAINST 2
XIAOMI CORPORATION June 2, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 2
XIAOMI CORPORATION June 2, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 2
XP INC. May 29, 2026 Approval of the re-appointment of Guilherme Dias Fernandes Benchimol as a director. Director Elections Board AGAINST 2
ZABKA GROUP June 9, 2026 Amend Remuneration Policy Compensation Board AGAINST 2
ZABKA GROUP June 9, 2026 Approve Remuneration Report Say-on-Pay Board AGAINST 2
ZABKA GROUP June 9, 2026 Reelect Istvan Tadeusz Szoke as Director Director Elections Board AGAINST 2
ZABKA GROUP June 9, 2026 Reelect Stephan Schali as Director Director Elections Board AGAINST 2
ZHONGJI INNOLIGHT CO., LTD. April 20, 2026 Approve Credit Line and Provision of Guarantees Extraordinary Transactions Board AGAINST 2
ZHONGJIN GOLD CO LTD June 23, 2026 Approve Related Party Transaction Extraordinary Transactions Board AGAINST 2
ZIJIN MINING GROUP CO LTD June 5, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights for A Shares and/or H Shares Capital Structure Board AGAINST 2
ZIJIN MINING GROUP CO LTD June 5, 2026 Approve Plan of Guarantees Extraordinary Transactions Board AGAINST 2
ZILLOW GROUP, INC. June 2, 2026 Election of Directors: Gregory B. Maffei Director Elections Board AGAINST 2
ZTE CORPORATION June 17, 2026 Approve Application for General Mandate of the Issuance of Shares Capital Structure Board AGAINST 2
ZTO EXPRESS (CAYMAN) INC June 16, 2026 Approve Grant of General Mandate to the Directors to Issue, Allot, and Deal with Additional Class A Ordinary Shares Capital Structure Board AGAINST 2
360 SECURITY TECHNOLOGY INC. May 21, 2026 Approve Provision of Guarantees Extraordinary Transactions Board AGAINST 1
37 INTERACTIVE ENTERTAINMENT NETWORK TECHNOLOGY GR May 13, 2026 Amend Dividends Management System Capital Structure Board AGAINST 1
3SBIO INC June 25, 2026 Authorize Board to Fix Remuneration of Directors Compensation Board AGAINST 1
3SBIO INC June 25, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 1

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