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Russell Investments proxy voting record, 2023-2024

Russell Investments reported 379,565 proxy votes on Form N-PX for the 2024 season. On the 116,766 ballot items the board itself put forward — directors, pay, the auditor, capital — it voted FOR 93.4% of the time. On the 2,643 environmental and social proposals put on the ballot by shareholders, it voted FOR 25.0% of the time.

2023-20242024-20252025-2026

On the board’s own proposals

93.4% FOR of 116,766 fund votes on board proposals in 2023-2024: directors, pay, auditor, capital.

FOR 109,053 AGAINST 6,517 Abstained or withheld 1,196

How we count these

On proposals shareholders put on the ballot

25.0% FOR of 2,643 fund votes on environmental and social proposals shareholders put on the ballot. The board opposed 2,305.

FOR 661 AGAINST 1,982 Abstained 15

See the 661 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.

Russell Investments, 2023-2024. “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 typePut on the ballot by ItemsDecided Voted FORVoted AGAINST Abstained / withheld
Director Elections Board (29 inferred) 79,204 75,018 95.7% 4.3% 1,166
Director Elections Shareholders (44 inferred) 273 61 42.6% 57.4% 48
Corporate Governance Board 17,721 15,686 91.9% 8.1% 2
Corporate Governance Shareholders (9 inferred) 577 505 61.0% 39.0% 3
Capital Structure Board 11,693 11,280 93.9% 6.1% 0
Capital Structure Shareholders (4 inferred) 64 62 67.7% 32.3% 1
Compensation Board (5 inferred) 11,058 10,301 86.9% 13.1% 23
Compensation Shareholders (12 inferred) 522 516 15.1% 84.9% 0
Audit-related Board 10,674 10,395 98.8% 1.2% 4
Audit-related Shareholders (13 inferred) 21 21 61.9% 38.1% 0
Say-on-Pay Board 9,126 7,951 85.3% 14.7% 3
Say-on-Pay Shareholders (18 inferred) 18 9 0.0% 100.0% 0
Other Social Issues Board 331 331 96.7% 3.3% 0
Other Social Issues Shareholders 976 932 30.2% 69.8% 9
Shareholder Rights and Defenses Board 528 500 84.8% 15.2% 15
Shareholder Rights and Defenses Shareholders 599 561 79.9% 20.1% 30
Environment or Climate Board 99 90 80.0% 20.0% 2
Environment or Climate Shareholders 826 820 20.0% 80.0% 6
Extraordinary Transactions Board 636 635 99.2% 0.8% 0
Extraordinary Transactions Shareholders 13 13 0.0% 100.0% 0
Human Rights or Human Capital/workforce Shareholders 513 507 21.1% 78.9% 0
Diversity, Equity, and Inclusion Shareholders 493 493 23.5% 76.5% 0
Other Board 29 29 58.6% 41.4% 0
Investment Company Matters Board 1 1 0.0% 100.0% 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 (134 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 Russell Investments broke with the board (2,815 distinct proposals) →

What Russell Investments said it would do

The page above is what Russell Investments did. Its published proxy voting policy — what it said it would do — is in the voting policy library under Russell Investments, with the documents for each year and, where one exists, a year-on-year comparison.

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.
Russell Investments filed 379,565 vote records for 2023-2024; after removing votes filed twice in different N-PX filings, that is 145,995 ballot items (fund-level observations) across 3,674 issuer names and 22 funds. They cover 43,272 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.
7,966 items are outside both headline figures.
Besides the table rows neither figure uses:
ExcludedItemsWhy
Not voted6,513 Reported as not voted, take no action or do not vote. No position was expressed, so there is nothing to count.
Other ballot type1,159 Frequency ballots (one / two / three years) and anything else that is not a FOR, AGAINST, abstention or withhold.
Direction indeterminate0 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 vote294 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.

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