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ProShares proxy voting record, 2024-2025

ProShares reported 332,120 proxy votes on Form N-PX for the 2025 season. On the 257,895 ballot items the board itself put forward — directors, pay, the auditor, capital — it voted FOR 92.3% of the time. On the 5,175 environmental and social proposals put on the ballot by shareholders, it voted FOR 15.1% of the time.

2023-20242024-20252025-2026

92.3%Voted for board proposals
15.1%Backed E&S proposals
281,633Ballot items
30,244Proposals
3,389Issuers
129Funds / accounts

On the board’s own proposals

92.3% FOR of 257,895 fund votes on board proposals in 2024-2025: directors, pay, auditor, capital.

92.3% FOR

FOR 237,984 AGAINST 9,172 Abstained or withheld 10,739

How we count these

On proposals shareholders put on the ballot

15.1% FOR of 5,175 fund votes on environmental and social proposals shareholders put on the ballot. The board opposed 5,153.

15.1% FOR AGAINST

FOR 779 AGAINST 4,396 Abstained 0

See the 779 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.

ProShares, 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 (170 inferred)	183,369	170,298	98.2%	1.8%	10,712
Director Elections	Shareholders (2 inferred)	98	42	92.9%	7.1%	46
Audit-related	Board	31,298	31,298	99.8%	0.2%	0
Audit-related	Shareholders (26 inferred)	62	62	91.9%	8.1%	0
Say-on-Pay	Board	30,497	28,098	89.2%	10.8%	0
Say-on-Pay	Shareholders (26 inferred)	26	26	100.0%	0.0%	0
Corporate Governance	Board	9,761	9,705	90.5%	9.5%	25
Corporate Governance	Shareholders (1 inferred)	2,779	2,779	59.4%	40.6%	0
Compensation	Board (22 inferred)	10,899	10,876	76.5%	23.5%	23
Compensation	Shareholders (28 inferred)	810	810	44.7%	55.3%	0
Capital Structure	Board	4,933	4,933	92.6%	7.4%	0
Capital Structure	Shareholders	143	143	98.6%	1.4%	0
Environment or Climate	Board	103	103	100.0%	0.0%	0
Environment or Climate	Shareholders (1 inferred)	2,869	2,869	7.6%	92.4%	0
Other Social Issues	Board	177	177	100.0%	0.0%	0
Other Social Issues	Shareholders (1 inferred)	2,784	2,784	15.3%	84.7%	0
Extraordinary Transactions	Board	1,838	1,831	94.0%	6.0%	7
Extraordinary Transactions	Shareholders (8 inferred)	25	25	36.0%	64.0%	0
Diversity, Equity, and Inclusion	Board	86	86	100.0%	0.0%	0
Diversity, Equity, and Inclusion	Shareholders (1 inferred)	1,740	1,740	6.0%	94.0%	0
Shareholder Rights and Defenses	Board	709	699	94.6%	5.4%	10
Shareholder Rights and Defenses	Shareholders	266	266	94.0%	6.0%	0
Human Rights or Human Capital/workforce	Board	86	86	100.0%	0.0%	0
Human Rights or Human Capital/workforce	Shareholders	733	733	15.7%	84.3%	0
Other	Board	103	103	97.1%	2.9%	0
Other	Shareholders	9	9	44.4%	55.6%	0
Investment Company Matters	Board	2	2	100.0%	0.0%	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 (286 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 ProShares broke with the board (2,735 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.: ProShares filed 332,120 vote records for 2024-2025; after removing votes filed twice in different N-PX filings, that is 281,633 ballot items (fund-level observations) across 3,389 issuer names and 129 funds. They cover 30,244 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.
4,799 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	2,399	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	2,400	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.

ProShares proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.