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Proxy Voting Summary: US-Based Mutual Funds

2013 Calendar Year

Voting Summary

  • Dimensional's US-based mutual funds received proxy ballots for 13,670 distinct company meetings, with 647,028 votable proposals.
  • Of these, we voted 599,571 proposals (93%) at 12,843 company meetings.1
Proposal Count, By Vote Instruction
Us -summary-2013 

Matters Voted Upon


The following statistics relate to proposals that were voted:

  • Excluding procedural matters2, board directorships (63%) and compensation (11%) were the most common matters voted upon.
  • Shareholder proposals represented 2.5% of all proposals.
Proposals Voted On, By Issue
Us Issues 2013

Support for Management and Shareholder Proposals

Management Proposals

Proposal TypeNumber of Proposals VotedPercentage Voted ForPercentage Voted Against
Related to Directors 366,225 89.8% 10.2%
Procedural Matters 101,909 95.0% 5.0%
Compensation 65,384 81.6% 18.4%
Capitalization 28,633 75.0% 25.0%
Reorganization and Mergers 15,186 90.3% 9.7%
Antitakeover Related 7,057 74.7% 25.3%
Preferred/Bondholder 83 44.6% 55.4%
Total584,47788.9%11.1%



Shareholder Proposals

Proposal TypeNumber of Proposals VotedPercentage Voted ForPercentage Voted Against
Related to Directors 9,910 28.3% 71.7%
Procedural Matters 3,932 24.7% 75.3%
Compensation 1,252 72.6% 27.4%
Total15,09431.1%68.9%



1. Dimensional votes proxies wherever it is feasible and economical to do so. We may not vote in markets that have share-blocking, re-registration or other practices that impair our ability to sell voted shares. In addition, we consider the costs associated with voting (per vote charges, meeting representation fees, etc.) and vote in instances where the expected economic benefit of voting outweighs the costs for a given portfolio.  

2. Procedural matters are typically routine items such as auditor ratifications, approval of statutory reports, etc.