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Proxy Voting Summary: US-Based Mutual Funds

2014 Calendar Year

Voting Summary

  • Dimensional's US-based mutual funds received proxy ballots for 13,840 distinct company meetings, with 685,461 votable proposals.
  • Of these, we voted 635,697 proposals (93%) at 13,078 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 (62%) and compensation (11%) were the most common matters voted upon.
  • Shareholder proposals represented 2.3% of all proposals.
Proposals Voted On, By Issue
Us Issues 2014

Support for Management and Shareholder Proposals

Management Proposals

Proposal TypeNumber of Proposals VotedPercentage Voted ForPercentage Voted Against
Antitakeover Related 6,640 80.1% 19.9%
Capitalization 30,040 75.6% 24.4%
Compensation 70,488 79.5% 20.5%
Directors Related 384,135 91.0% 9.0%
Preferred/Bondholder 270 2.6% 97.4%
Procedural Matters 110,786 94.1% 5.9%
Reorganization and Mergers 16,027 91.0% 9.0%
Total618,38688.9%10.7%



Shareholder Proposals

Proposal TypeNumber of Proposals VotedPercentage Voted ForPercentage Voted Against
Compensation 1,231 43.7% 56.3%
Directors Related 8,045 23.0% 77.0%
Procedural Matters 4,700 80.9% 19.1%
Total13,97644.3%55.7%



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.