Home › Asset managers › Morningstar Funds Trust › 2025-2026 › Against the board
795 proposals in the 2025-2026 proxy season: Morningstar Funds Trust voted against, or withheld its votes from, 764 proposals put forward by company boards, and voted for 31 shareholder proposals, by its own Form N-PX filings.
Two kinds of vote are listed: a board-sponsored proposal Morningstar Funds Trust 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
795 proposals.
| Company | Meeting | Proposal | Category | On the ballot from | Board recommended | Morningstar Funds Trust voted | Funds |
|---|---|---|---|---|---|---|---|
| NOHMI BOSAI LTD. | June 26, 2026 | Elect Hiroyuki Fujii | Director Elections | Board | AGAINST | 1 | |
| NOHMI BOSAI LTD. | June 26, 2026 | Elect Takeshi Okamura | Director Elections | Board | AGAINST | 1 | |
| NVIDIA Corporation | June 24, 2026 | Election of Directors. Aarti Shah | Director Elections | Board | AGAINST | 1 | |
| NVIDIA Corporation | June 24, 2026 | Election of Directors. Stephen C. Neal | Director Elections | Board | AGAINST | 1 | |
| Nasdaq, Inc. | June 10, 2026 | Election of 12 Directors: Charlene T. Begley | Director Elections | Board | AGAINST | 1 | |
| NetEase, Inc. | June 23, 2026 | Adopt Consultant Sublimit | Compensation | Board | AGAINST | 1 | |
| NetEase, Inc. | June 23, 2026 | Amend and Restate the Amended and Restated 2019 Share Incentive Plan as the Second Amended and Restated 2019 Share Incentive Plan | Compensation | Board | AGAINST | 1 | |
| NetEase, Inc. | June 23, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 1 | |
| NetEase, Inc. | June 23, 2026 | Approve PricewaterhouseCoopers Zhong Tian LLP and PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 1 | |
| NetEase, Inc. | June 23, 2026 | As an ordinary resolution, to amend and restate the Company's Amended and Restated 2019 Share Incentive Plan as the Second Amended and Restated 2019 Share Incentive Plan. | Compensation | Board | AGAINST | 1 | |
| NetEase, Inc. | June 23, 2026 | As an ordinary resolution, to grant a general mandate to the Directors to allot, issue or deal with additional ordinary shares in the share capital of the Company (the "Shares") and/or American depositary shares (the "ADSs") representing Shares not exceeding 10% of the total number of issued and outstanding Shares (excluding any Treasury Shares as defined in the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "HK Listing Rules")) as at the date of the 2026 Annual General Meeting of Shareholders. | Capital Structure | Board | AGAINST | 1 | |
| NetEase, Inc. | June 23, 2026 | Conditional on the passing of the foregoing resolution 5(a), as an ordinary resolution, to approve and adopt the Consultant Sublimit as defined in the Second Amended and Restated 2019 Share Incentive Plan. | Compensation | Board | AGAINST | 1 | |
| NewMed Energy - Limited Partnership | June 25, 2026 | Appointment of Joint Auditors and Authority to Set Fees | Audit-related | Board | AGAINST | 1 | |
| Nexi SpA | April 29, 2026 | Approve Second Section of the Remuneration Report | Compensation | Board | AGAINST | 1 | |
| NextEra Energy, Inc. | May 21, 2026 | A proposal entitled "Paris Agreement Alignment" requesting NextEra Energy publish a report describing if and how the Company plans to reduce its total contribution to climate change and align its operations and investments with the Paris Agreement's goal of maintaining global temperatures well below 2 degrees Celsius, and ideally, 1.5 degrees Celsius. | Environment or Climate | Shareholder | Against | FOR | 1 |
| Nihon M&A Center Holdings Inc. | June 25, 2026 | Elect Yoshinori Yamada | Director Elections | Board | AGAINST | 1 | |
| Nihon M&A Center Holdings Inc. | June 25, 2026 | Trust Type Equity Plan | Compensation | Board | AGAINST | 1 | |
| Northern Trust Corporation | April 21, 2026 | Election of Directors: Jay L. Henderson | Director Elections | Board | AGAINST | 1 | |
| Northrop Grumman Corporation | May 20, 2026 | Election of Directors: James S. Turley | Director Elections | Board | AGAINST | 1 | |
| Novo Nordisk A/S | March 26, 2026 | Elect Lars Rebien Sorensen as Chair of the Board | Director Elections | Board | ABSTAIN | 1 | |
| Novo Nordisk A/S | March 26, 2026 | Remuneration Report | Compensation | Board | AGAINST | 1 | |
| OGE ENERGY CORP. | May 14, 2026 | Election of Directors Luther C. Kissam, IV | Director Elections | Board | ABSTAIN | 1 | |
| OLYMPUS CORPORATION | June 25, 2026 | Elect Masato Iwasaki | Director Elections | Board | AGAINST | 1 | |
| ON Semiconductor Corporation | May 14, 2026 | To elect seven directors nominated by our Board of Directors: Christine Y. Yan | Director Elections | Board | AGAINST | 1 | |
| OTP Bank Nyrt | April 17, 2026 | Elect Jozsef Horvath as Supervisory Board Member | Director Elections | Board | AGAINST | 1 | |
| OTP Bank Nyrt | April 17, 2026 | Elect Tibor Tolnay as Supervisory Board Member | Director Elections | Board | AGAINST | 1 | |
| OTSUKA CORPORATION | March 27, 2026 | Elect Yoko Nakai | Director Elections | Board | AGAINST | 1 | |
| Occidental Petroleum Corporation | May 1, 2026 | Advisory vote to approve named executive officer compensation | Say-on-Pay | Board | AGAINST | 1 | |
| Old Dominion Freight Line, Inc. | May 20, 2026 | Elect John D. Kasarda | Director Elections | Board | WITHHOLD | 1 | |
| Old Dominion Freight Line, Inc. | May 20, 2026 | Elect Sherry A. Aaholm | Director Elections | Board | WITHHOLD | 1 | |
| Omnicom Group Inc. | May 5, 2026 | Advisory resolution to approve executive compensation. | Say-on-Pay | Board | AGAINST | 1 | |
| Optimum Communications, Inc. | June 10, 2026 | Election of Directors: Charles Stewart | Director Elections | Board | AGAINST | 1 | |
| Optimum Communications, Inc. | June 10, 2026 | Election of Directors: David Drahi | Director Elections | Board | AGAINST | 1 | |
| Optimum Communications, Inc. | June 10, 2026 | Election of Directors: Dennis Mathew | Director Elections | Board | AGAINST | 1 | |
| Optimum Communications, Inc. | June 10, 2026 | Election of Directors: Dennis Okhuijsen | Director Elections | Board | AGAINST | 1 | |
| Optimum Communications, Inc. | June 10, 2026 | Election of Directors: Dexter Goei | Director Elections | Board | AGAINST | 1 | |
| Optimum Communications, Inc. | June 10, 2026 | Election of Directors: Mark Mullen | Director Elections | Board | AGAINST | 1 | |
| Optimum Communications, Inc. | June 10, 2026 | Election of Directors: Patrick Drahi | Director Elections | Board | AGAINST | 1 | |
| Optimum Communications, Inc. | June 10, 2026 | Election of Directors: Raymond Svider | Director Elections | Board | AGAINST | 1 | |
| Optimum Communications, Inc. | June 10, 2026 | Election of Directors: Susan Schnabel | Director Elections | Board | AGAINST | 1 | |
| Oracle Corporation | November 18, 2025 | Advisory Vote to Approve the Compensation of our Named Executive Officers | Say-on-Pay | Board | AGAINST | 1 | |
| Orion Corp. | March 26, 2026 | Directors' Fees | Compensation | Board | AGAINST | 1 | |
| Orion Corp. | March 26, 2026 | Elect HUR Inn Chul | Director Elections | Board | AGAINST | 1 | |
| Otis Worldwide Corporation | May 27, 2026 | Shareholder proposal regarding reporting on political contributions and expenditures | Other Social Issues | Shareholder | Against | FOR | 1 |
| PACCAR Inc | April 28, 2026 | Election of director nominees to serve for one-year terms: Mark A. Schulz | Director Elections | Board | AGAINST | 1 | |
| PALANTIR TECHNOLOGIES INC. | June 3, 2026 | DIRECTOR: Alexander Moore | Director Elections | Board | ABSTAIN | 1 | |
| PALANTIR TECHNOLOGIES INC. | June 3, 2026 | DIRECTOR: Alexandra Schiff | Director Elections | Board | ABSTAIN | 1 | |
| PALANTIR TECHNOLOGIES INC. | June 3, 2026 | DIRECTOR: Peter Thiel | Director Elections | Board | ABSTAIN | 1 | |
| PALANTIR TECHNOLOGIES INC. | June 3, 2026 | Stockholder proposal entitled "Human Rights Impact Assessment," if properly presented at the Annual Meeting. | Human Rights or Human Capital/workforce | Shareholder | Against | FOR | 1 |
| PALANTIR TECHNOLOGIES INC. | June 3, 2026 | Stockholder proposal entitled "Political Spending Disclosure," if properly presented at the Annual Meeting. | Other Social Issues | Shareholder | Against | FOR | 1 |
| PDD Holdings Inc. | December 19, 2025 | As an ordinary resolution: THAT Mr. Anthony Kam Ping Leung be re-elected as a director of the Company. | Director Elections | Board | AGAINST | 1 | |
| PDD Holdings Inc. | December 19, 2025 | As an ordinary resolution: THAT Mr. George Yong-Boon Yeo be re-elected as a director of the Company. | Director Elections | Board | AGAINST | 1 | |
| PDD Holdings Inc. | December 19, 2025 | As an ordinary resolution: THAT Mr. Haifeng Lin be re-elected as a director of the Company. | Director Elections | Board | AGAINST | 1 | |
| POST HOLDINGS, INC. | January 29, 2026 | Election of Directors: David W. Kemper | Director Elections | Board | AGAINST | 1 | |
| POST HOLDINGS, INC. | January 29, 2026 | Election of Directors: Dorothy M. Burwell | Director Elections | Board | AGAINST | 1 | |
| PPG Industries, Inc. | April 16, 2026 | Election of Directors: Catherine R. Smith | Director Elections | Board | AGAINST | 1 | |
| PROTAGONIST THERAPEUTICS, INC. | June 17, 2026 | DIRECTOR: L.T. Williams, MD, PhD | Director Elections | Board | ABSTAIN | 1 | |
| PT Bank Mandiri (Persero) Tbk | August 4, 2025 | Approve Changes in the Boards of the Company | Director Elections | Board | AGAINST | 1 | |
| PT Bank Mandiri (Persero) Tbk | December 19, 2025 | Election of Directors and/or Commissioners (Slate) | Director Elections | Board | AGAINST | 1 | |
| PT Bank Mandiri (Persero) Tbk | April 29, 2026 | Approve Changes in the Boards of the Company | Director Elections | Board | AGAINST | 1 | |
| PT Bank Mandiri (Persero) Tbk | April 29, 2026 | Directors' and Commissioners' Fees | Compensation | Board | AGAINST | 1 | |
| PT Bank Mandiri (Persero) Tbk | April 29, 2026 | Election of Directors and/or Commissioners (Slate) | Director Elections | Board | AGAINST | 1 | |
| PT Telekomunikasi Indonesia | September 3, 2025 | Election of Directors and/or Commissioners (Slate) | Director Elections | Board | AGAINST | 1 | |
| PT Telekomunikasi Indonesia | September 16, 2025 | Election of Directors and/or Commissioners (Slate) | Director Elections | Board | AGAINST | 1 | |
| PT Telekomunikasi Indonesia | December 12, 2025 | Election of Directors and/or Commissioners (Slate) | Director Elections | Board | AGAINST | 1 | |
| PT Telekomunikasi Indonesia Tbk | June 8, 2026 | Appointment of Auditor and Authority to Set Fees | Audit-related | Board | AGAINST | 1 | |
| PT Telekomunikasi Indonesia Tbk | June 8, 2026 | Delegation of Authority for the Approval of the Company's Long-Term Plan (RJPP) for 2026-2030 and Company's Work Plan and Budget (RKAP) for 2027 | Compensation | Board | AGAINST | 1 | |
| PT Telekomunikasi Indonesia Tbk | June 8, 2026 | Election of Directors and/or Commissioners (Slate) | Director Elections | Board | AGAINST | 1 | |
| PT Telkom Indonesia (Persero) Tbk | September 3, 2025 | Approve Changes in the Boards of the Company | Director Elections | Board | AGAINST | 1 | |
| PT Telkom Indonesia (Persero) Tbk | June 8, 2026 | Approve Changes in the Boards of the Company | Director Elections | Board | AGAINST | 1 | |
| PUBLIC STORAGE | May 6, 2026 | Election of Trustees: Shankh S. Mitra | Director Elections | Board | AGAINST | 1 | |
| Palo Alto Networks, Inc. | December 9, 2025 | To approve, on an advisory basis, the compensation of our named executive officers. | Say-on-Pay | Board | AGAINST | 1 | |
| Pandora A/S | March 11, 2026 | Elect Catherine Spindler | Director Elections | Board | ABSTAIN | 1 | |
| Pandora A/S | March 11, 2026 | Remuneration Report | Compensation | Board | AGAINST | 1 | |
| Paychex, Inc. | October 9, 2025 | Election of Directors: Pamela A. Joseph | Director Elections | Board | AGAINST | 1 | |
| Petroleo Brasileiro S.A. - Petrobras | April 16, 2026 | Allocate Cumulative Votes to Benjamin Alves Rabello Filho | Director Elections | Board | ABSTAIN | 1 | |
| Petroleo Brasileiro S.A. - Petrobras | April 16, 2026 | Allocate Cumulative Votes to Bruno Moretti | Director Elections | Board | ABSTAIN | 1 | |
| Petroleo Brasileiro S.A. - Petrobras | April 16, 2026 | Allocate Cumulative Votes to Fabio Henrique Bittes Terra | Director Elections | Board | ABSTAIN | 1 | |
| Petroleo Brasileiro S.A. - Petrobras | April 16, 2026 | Allocate Cumulative Votes to Jose Fernando Coura | Director Elections | Board | ABSTAIN | 1 | |
| Petroleo Brasileiro S.A. - Petrobras | April 16, 2026 | Allocate Cumulative Votes to Magda Maria de Regina Chambriard | Director Elections | Board | ABSTAIN | 1 | |
| Petroleo Brasileiro S.A. - Petrobras | April 16, 2026 | Allocate Cumulative Votes to Marcelo Weick Pogliese | Director Elections | Board | ABSTAIN | 1 | |
| Petroleo Brasileiro S.A. - Petrobras | April 16, 2026 | Allocate Cumulative Votes to Renato Campos Galuppo | Director Elections | Board | ABSTAIN | 1 | |
| Petroleo Brasileiro S.A. - Petrobras | April 16, 2026 | Allocate Cumulative Votes to Ricardo Baldin | Director Elections | Board | ABSTAIN | 1 | |
| Petroleo Brasileiro S.A. - Petrobras | April 16, 2026 | Approve Recasting of Votes for Amended Supervisory Council Slate | Director Elections | Board | AGAINST | 1 | |
| Petroleo Brasileiro S.A. - Petrobras | April 16, 2026 | Elect Marcio Ellery Girao Barroso as Board Member Presented by Minority Shareholders | Director Elections | Board | ABSTAIN | 1 | |
| Petroleo Brasileiro S.A. - Petrobras | April 16, 2026 | Election of Supervisory Council | Director Elections | Board | ABSTAIN | 1 | |
| Petroleo Brasileiro SA | April 16, 2026 | Approve Remuneration of Company's Management, Fiscal Council, and Statutory Advisory Committees | Compensation | Board | AGAINST | 1 | |
| Petroleo Brasileiro SA | April 16, 2026 | Elect Bruno Moretti as Board Chair | Director Elections | Board | AGAINST | 1 | |
| Petroleo Brasileiro SA | April 16, 2026 | Elect Directors | Director Elections | Board | AGAINST | 1 | |
| Petroleo Brasileiro SA | April 16, 2026 | Elect Fiscal Council Members | Compensation | Board | ABSTAIN | 1 | |
| Petroleo Brasileiro SA | April 16, 2026 | Percentage of Votes to Be Assigned - Elect Benjamin Alves Rabello Filho as Director | Director Elections | Board | ABSTAIN | 1 | |
| Petroleo Brasileiro SA | April 16, 2026 | Percentage of Votes to Be Assigned - Elect Bruno Moretti as Director | Director Elections | Board | ABSTAIN | 1 | |
| Petroleo Brasileiro SA | April 16, 2026 | Percentage of Votes to Be Assigned - Elect Fabio Henrique Bittes Terra as Director | Director Elections | Board | ABSTAIN | 1 | |
| Petroleo Brasileiro SA | April 16, 2026 | Percentage of Votes to Be Assigned - Elect Jose Fernando Coura as Independent Director | Director Elections | Board | ABSTAIN | 1 | |
| Petroleo Brasileiro SA | April 16, 2026 | Percentage of Votes to Be Assigned - Elect Magda Maria de Regina Chambriard as Director | Director Elections | Board | ABSTAIN | 1 | |
| Petroleo Brasileiro SA | April 16, 2026 | Percentage of Votes to Be Assigned - Elect Marcelo Weick Pogliese as Director | Director Elections | Board | ABSTAIN | 1 | |
| Petroleo Brasileiro SA | April 16, 2026 | Percentage of Votes to Be Assigned - Elect Renato Campos Galuppo as Independent Director | Director Elections | Board | ABSTAIN | 1 | |
| Petroleo Brasileiro SA | April 16, 2026 | Percentage of Votes to Be Assigned - Elect Ricardo Baldin as Independent Director | Director Elections | Board | ABSTAIN | 1 | |
| Philip Morris International Inc. | May 6, 2026 | Election of Directors: Kalpana Morparia | Director Elections | Board | AGAINST | 1 | |
| Photronics, Inc. | April 8, 2026 | Elect Constantine S. Macricostas | Director Elections | Board | WITHHOLD | 1 |
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Built November 7, 2026 from SEC Form N-PX filings.