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WILLIAM BLAIR FUNDS proxy voting record, 2025-2026

WILLIAM BLAIR FUNDS reported 22,439 proxy votes on Form N-PX for the 2026 season. On the 16,507 ballot items the board itself put forward — directors, pay, the auditor, capital — it voted FOR 91.2% of the time. On the 109 environmental and social proposals put on the ballot by shareholders, it voted FOR 15.6% of the time.

2023-20242024-20252025-2026

On the board’s own proposals

91.2% FOR of 16,507 fund votes on board proposals in 2025-2026: directors, pay, auditor, capital.

FOR 15,060 AGAINST 1,077 Abstained or withheld 370

How we count these

On proposals shareholders put on the ballot

15.6% FOR of 109 fund votes on environmental and social proposals shareholders put on the ballot. The board opposed 109.

FOR 17 AGAINST 92 Abstained 0

See the 17 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.

WILLIAM BLAIR FUNDS, 2025-2026. “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 (93 inferred) 9,163 8,748 94.8% 5.2% 365
Director Elections Shareholders (2 inferred) 2 2 50.0% 50.0% 0
Corporate Governance Board 5,017 4,970 93.5% 6.5% 47
Corporate Governance Shareholders (4 inferred) 159 159 64.2% 35.8% 0
Capital Structure Board 2,652 2,652 94.3% 5.7% 0
Capital Structure Shareholders 14 14 71.4% 28.6% 0
Compensation Board (29 inferred) 2,525 2,516 84.4% 15.6% 6
Compensation Shareholders (2 inferred) 13 13 46.2% 53.8% 0
Audit-related Board 1,568 1,568 96.9% 3.1% 0
Audit-related Shareholders 19 19 78.9% 21.1% 0
Say-on-Pay Board 655 607 93.9% 6.1% 0
Extraordinary Transactions Board 227 227 85.5% 14.5% 0
Other Social Issues Board 106 106 96.2% 3.8% 0
Other Social Issues Shareholders 77 74 12.2% 87.8% 0
Other Board 122 121 80.2% 19.8% 1
Other Shareholders 25 25 20.0% 80.0% 0
Environment or Climate Board 40 40 100.0% 0.0% 0
Environment or Climate Shareholders 41 41 0.0% 100.0% 0
Shareholder Rights and Defenses Board 52 38 84.2% 15.8% 14
Shareholder Rights and Defenses Shareholders (2 inferred) 17 17 70.6% 29.4% 0
Diversity, Equity, and Inclusion Board 37 37 100.0% 0.0% 0
Diversity, Equity, and Inclusion Shareholders 17 17 0.0% 100.0% 0
Human Rights or Human Capital/workforce Board 37 37 100.0% 0.0% 0
Human Rights or Human Capital/workforce Shareholders 17 17 47.1% 52.9% 0
Investment Company Matters Shareholders 1 1 100.0% 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 (132 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 WILLIAM BLAIR FUNDS broke with the board (801 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.
WILLIAM BLAIR FUNDS filed 22,439 vote records for 2025-2026; after removing votes filed twice in different N-PX filings, that is 21,354 ballot items (fund-level observations) across 926 issuer names and 18 funds. They cover 10,921 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.
104 items are outside both headline figures.
Besides the table rows neither figure uses:
ExcludedItemsWhy
Not voted0 Reported as not voted, take no action or do not vote. No position was expressed, so there is nothing to count.
Other ballot type45 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 vote59 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.

WILLIAM BLAIR FUNDS proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).