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Compiled from SEC Form N-PX filings and MORNINGSTAR INC.’s Form 8-K, filed 2024-05-15 (Item 5.07 on EDGAR). Page generated 02 October 2026.
Explore MORNINGSTAR INC. in the interactive database Compare manager voting policies
These tallies are MORNINGSTAR INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed 2024-05-15 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.
| Ballot item | For | Against | Abstain | Withheld | Broker non-votes | Outcome |
|---|---|---|---|---|---|---|
| Elect Director: Joe Mansueto | 38,313,001 | 412,322 | 14,969 | -- | 838,544 | Majority: yes |
| Elect Director: Kunal Kapoor | 38,479,017 | 245,617 | 15,658 | -- | 838,544 | Majority: yes |
| Elect Director: Robin Diamonte | 32,537,690 | 6,187,070 | 15,532 | -- | 838,544 | Majority: yes |
| Elect Director: Cheryl Francis | 31,189,986 | 7,534,922 | 15,384 | -- | 838,544 | Majority: yes |
| Elect Director: Steve Joynt | 28,789,451 | 9,935,476 | 15,365 | -- | 838,544 | Majority: yes |
| Elect Director: Steve Kaplan | 36,804,621 | 1,920,533 | 15,138 | -- | 838,544 | Majority: yes |
| Elect Director: Gail Landis | 32,147,041 | 6,578,104 | 15,147 | -- | 838,544 | Majority: yes |
| Elect Director: Bill Lyons | 36,655,807 | 2,068,504 | 15,981 | -- | 838,544 | Majority: yes |
| Elect Director: Doniel Sutton | 32,614,928 | 6,109,944 | 15,420 | -- | 838,544 | Majority: yes |
| Elect Director: Caroline Tsay | 32,543,974 | 6,181,356 | 14,962 | -- | 838,544 | Majority: yes |
| Morningstar's executive compensation was approved, on an advisory basis, with the voting as follows: | 38,378,684 | 346,649 | 14,959 | -- | 838,544 | Majority: yes |
| The appointment of KPMG as Morningstar's independent registered public accounting firm for 2024 was ratified with the voting as follows: | 39,387,232 | 184,850 | 6,754 | -- | -- | Majority: yes |
This meeting is also recorded here as 2024-05-11; both records come from the same filing, so the date should be checked against it.
Source: MORNINGSTAR INC., Form 8-K, filed with the SEC on 2024-05-15 — read the filing on EDGAR.
Each item below shows how the 384 asset managers that disclosed a MORNINGSTAR INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of MORNINGSTAR INC.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.
Combines 10 wordings of this item as funds reported it.
99.1% Majority: yes · of votes cast
MORNINGSTAR INC.’s own tally for this item (“Morningstar's executive compensation was approved, on an advisory basis, with the voting as follows:”): 38,378,684 for, 346,649 against, per its Form 8-K filed 2024-05-15 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 42,745,570 outstanding shares: 90% for, 0.9% against (91% of the company cast a for/against vote).
The 374 asset managers below cast 99.2% of the shares they voted on this item FOR (28,255,391 for, 200,849 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 2,913,772 | 0 | 0 | 0 | For |
| Select Equity Group, L.P. | 2,470,527 | 0 | 0 | 0 | For |
| BlackRock | 2,287,889 | 99 | 0 | 0 | For |
| ATLANTA CAPITAL MANAGEMENT CO L L C | 1,704,508 | 0 | 0 | 0 | For |
| Eaton Vance | 1,434,187 | 0 | 0 | 0 | For |
| Fidelity | 1,265,228 | 0 | 0 | 0 | For |
| BAMCO INC /NY/ | 1,182,007 | 0 | 0 | 0 | For |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 1,114,408 | 0 | 0 | 0 | For |
| T. Rowe Price | 1,095,794 | 0 | 0 | 0 | For |
| BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND) | 1,081,000 | 0 | 0 | 0 | For |
| State Street | 881,081 | 0 | 0 | 0 | For |
| MFS | 858,331 | 0 | 0 | 0 | For |
| Virtus | 838,689 | 0 | 0 | 0 | For |
| Wellington | 687,465 | 0 | 0 | 0 | For |
| Allspring | 459,166 | 0 | 0 | 0 | For |
| GEODE CAPITAL MANAGEMENT, LLC | 443,821 | 0 | 0 | 0 | For |
| WASATCH ADVISORS LP | 422,099 | 0 | 0 | 0 | For |
| Liontrust Investment Partners LLP | 390,425 | 0 | 0 | 0 | For |
| Charles Schwab | 367,174 | 0 | 0 | 0 | For |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | 366,770 | 0 | 0 | 0 | For |
| WASATCH FUNDS TRUST | 342,960 | 0 | 0 | 0 | For |
| JPMorgan | 321,037 | 0 | 0 | 0 | For |
| Dimensional | 258,552 | 0 | 0 | 0 | For |
| MELLON INVESTMENTS Corp | 226,320 | 0 | 0 | 0 | For |
| Royce | 221,023 | 0 | 0 | 0 | For |
Showing the 25 largest of 374 asset managers. See all 374 in the interactive database.
Combines 4 wordings of this item as funds reported it.
95% Majority: yes · of votes cast
MORNINGSTAR INC.’s own tally for this item (“Elect Director: Bill Lyons”): 36,655,807 for, 2,068,504 against, per its Form 8-K filed 2024-05-15 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 42,745,570 outstanding shares: 86% for, 5% against (91% of the company cast a for/against vote).
The 95 asset managers below cast 95% of the shares they voted on this item FOR (12,368,309 for, 586,123 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 2,878,052 | 0 | 0 | 0 | For |
| Eaton Vance | 1,434,185 | 0 | 0 | 0 | For |
| BlackRock | 1,395,193 | 0 | 0 | 0 | For |
| BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND) | 1,081,000 | 0 | 0 | 0 | For |
| MFS | 858,331 | 0 | 0 | 0 | For |
| Virtus | 838,689 | 327 | 0 | 0 | For |
| Fidelity | 828,944 | 0 | 0 | 0 | For |
| T. Rowe Price | 394,431 | 0 | 0 | 0 | For |
| WASATCH FUNDS TRUST | 342,960 | 0 | 0 | 0 | For |
| JPMorgan | 291,331 | 0 | 0 | 0 | For |
| Royce | 212,057 | 0 | 0 | 0 | For |
| Dimensional | 202,260 | 0 | 0 | 0 | For |
| Hartford | 192,027 | 0 | 0 | 0 | For |
| Charles Schwab | 0 | 182,910 | 0 | 0 | Against |
| State Street | 180,868 | 25 | 0 | 0 | For |
| Allspring | 174,102 | 0 | 0 | 0 | For |
| Lincoln Financial | 143,990 | 0 | 0 | 0 | For |
| BNY Mellon | 19,669 | 104,240 | 0 | 0 | Against |
| Jackson National | 110,719 | 0 | 0 | 0 | For |
| Parnassus | 0 | 94,728 | 0 | 0 | Against |
| John Hancock | 88,024 | 0 | 0 | 0 | For |
| TIAA | 0 | 69,506 | 0 | 0 | Against |
| Voya | 69,200 | 0 | 0 | 0 | For |
| Equitable | 34,887 | 30,159 | 0 | 0 | For |
| Nationwide | 52,767 | 0 | 0 | 0 | For |
Showing the 25 largest of 95 asset managers. See all 95 in the interactive database.
Combines 4 wordings of this item as funds reported it.
84% Majority: yes · of votes cast
MORNINGSTAR INC.’s own tally for this item (“Elect Director: Caroline Tsay”): 32,543,974 for, 6,181,356 against, per its Form 8-K filed 2024-05-15 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 42,745,570 outstanding shares: 76% for, 14% against (91% of the company cast a for/against vote).
The 95 asset managers below cast 71% of the shares they voted on this item FOR (9,164,243 for, 3,790,189 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 2,878,052 | 0 | 0 | 0 | For |
| Eaton Vance | 0 | 1,434,185 | 0 | 0 | Against |
| BlackRock | 1,395,193 | 0 | 0 | 0 | For |
| BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND) | 0 | 1,081,000 | 0 | 0 | Against |
| MFS | 858,331 | 0 | 0 | 0 | For |
| Virtus | 839,016 | 0 | 0 | 0 | For |
| Fidelity | 828,944 | 0 | 0 | 0 | For |
| T. Rowe Price | 394,431 | 0 | 0 | 0 | For |
| WASATCH FUNDS TRUST | 0 | 342,960 | 0 | 0 | Against |
| JPMorgan | 291,331 | 0 | 0 | 0 | For |
| Royce | 212,057 | 0 | 0 | 0 | For |
| Dimensional | 202,260 | 0 | 0 | 0 | For |
| Hartford | 192,027 | 0 | 0 | 0 | For |
| Charles Schwab | 182,910 | 0 | 0 | 0 | For |
| State Street | 180,723 | 170 | 0 | 0 | For |
| Allspring | 0 | 174,102 | 0 | 0 | Against |
| Lincoln Financial | 42,019 | 101,971 | 0 | 0 | Against |
| BNY Mellon | 0 | 123,909 | 0 | 0 | Against |
| Jackson National | 65,040 | 45,679 | 0 | 0 | For |
| Parnassus | 0 | 94,728 | 0 | 0 | Against |
| John Hancock | 70,372 | 17,652 | 0 | 0 | For |
| TIAA | 69,506 | 0 | 0 | 0 | For |
| Voya | 69,200 | 0 | 0 | 0 | For |
| Equitable | 34,887 | 30,159 | 0 | 0 | For |
| Nationwide | 0 | 52,767 | 0 | 0 | Against |
Showing the 25 largest of 95 asset managers. See all 95 in the interactive database.
Combines 4 wordings of this item as funds reported it.
81% Majority: yes · of votes cast
MORNINGSTAR INC.’s own tally for this item (“Elect Director: Cheryl Francis”): 31,189,986 for, 7,534,922 against, per its Form 8-K filed 2024-05-15 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 42,745,570 outstanding shares: 73% for, 18% against (91% of the company cast a for/against vote).
The 95 asset managers below cast 69% of the shares they voted on this item FOR (8,948,688 for, 4,005,744 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 2,878,052 | 0 | 0 | 0 | For |
| Eaton Vance | 0 | 1,434,185 | 0 | 0 | Against |
| BlackRock | 1,395,193 | 0 | 0 | 0 | For |
| BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND) | 0 | 1,081,000 | 0 | 0 | Against |
| MFS | 858,331 | 0 | 0 | 0 | For |
| Virtus | 839,016 | 0 | 0 | 0 | For |
| Fidelity | 828,944 | 0 | 0 | 0 | For |
| T. Rowe Price | 394,431 | 0 | 0 | 0 | For |
| WASATCH FUNDS TRUST | 0 | 342,960 | 0 | 0 | Against |
| JPMorgan | 291,331 | 0 | 0 | 0 | For |
| Royce | 212,057 | 0 | 0 | 0 | For |
| Dimensional | 202,260 | 0 | 0 | 0 | For |
| Hartford | 192,027 | 0 | 0 | 0 | For |
| Charles Schwab | 182,910 | 0 | 0 | 0 | For |
| State Street | 92 | 180,801 | 0 | 0 | Against |
| Allspring | 0 | 174,102 | 0 | 0 | Against |
| Lincoln Financial | 33,187 | 110,803 | 0 | 0 | Against |
| BNY Mellon | 0 | 123,909 | 0 | 0 | Against |
| Jackson National | 65,040 | 45,679 | 0 | 0 | For |
| Parnassus | 0 | 94,728 | 0 | 0 | Against |
| John Hancock | 70,372 | 17,652 | 0 | 0 | For |
| TIAA | 69,506 | 0 | 0 | 0 | For |
| Voya | 69,200 | 0 | 0 | 0 | For |
| Equitable | 34,887 | 30,159 | 0 | 0 | For |
| Nationwide | 0 | 52,767 | 0 | 0 | Against |
Showing the 25 largest of 95 asset managers. See all 95 in the interactive database.
Combines 4 wordings of this item as funds reported it.
84% Majority: yes · of votes cast
MORNINGSTAR INC.’s own tally for this item (“Elect Director: Doniel Sutton”): 32,614,928 for, 6,109,944 against, per its Form 8-K filed 2024-05-15 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 42,745,570 outstanding shares: 76% for, 14% against (91% of the company cast a for/against vote).
The 95 asset managers below cast 71% of the shares they voted on this item FOR (9,164,154 for, 3,790,189 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 2,878,052 | 0 | 0 | 0 | For |
| Eaton Vance | 0 | 1,434,185 | 0 | 0 | Against |
| BlackRock | 1,395,193 | 0 | 0 | 0 | For |
| BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND) | 0 | 1,081,000 | 0 | 0 | Against |
| MFS | 858,331 | 0 | 0 | 0 | For |
| Virtus | 839,016 | 0 | 0 | 0 | For |
| Fidelity | 828,944 | 0 | 0 | 0 | For |
| T. Rowe Price | 394,431 | 0 | 0 | 0 | For |
| WASATCH FUNDS TRUST | 0 | 342,960 | 0 | 0 | Against |
| JPMorgan | 291,331 | 0 | 0 | 0 | For |
| Royce | 212,057 | 0 | 0 | 0 | For |
| Dimensional | 202,260 | 0 | 0 | 0 | For |
| Hartford | 192,027 | 0 | 0 | 0 | For |
| Charles Schwab | 182,910 | 0 | 0 | 0 | For |
| State Street | 180,723 | 170 | 0 | 0 | For |
| Allspring | 0 | 174,102 | 0 | 0 | Against |
| Lincoln Financial | 42,019 | 101,971 | 0 | 0 | Against |
| BNY Mellon | 0 | 123,909 | 0 | 0 | Against |
| Jackson National | 65,040 | 45,679 | 0 | 0 | For |
| Parnassus | 0 | 94,728 | 0 | 0 | Against |
| John Hancock | 70,372 | 17,652 | 0 | 0 | For |
| TIAA | 69,506 | 0 | 0 | 0 | For |
| Voya | 69,200 | 0 | 0 | 0 | For |
| Equitable | 34,887 | 30,159 | 0 | 0 | For |
| Nationwide | 0 | 52,767 | 0 | 0 | Against |
Showing the 25 largest of 95 asset managers. See all 95 in the interactive database.
Combines 4 wordings of this item as funds reported it.
83% Majority: yes · of votes cast
MORNINGSTAR INC.’s own tally for this item (“Elect Director: Gail Landis”): 32,147,041 for, 6,578,104 against, per its Form 8-K filed 2024-05-15 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 42,745,570 outstanding shares: 75% for, 15% against (91% of the company cast a for/against vote).
The 95 asset managers below cast 71% of the shares they voted on this item FOR (9,164,243 for, 3,790,189 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 2,878,052 | 0 | 0 | 0 | For |
| Eaton Vance | 0 | 1,434,185 | 0 | 0 | Against |
| BlackRock | 1,395,193 | 0 | 0 | 0 | For |
| BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND) | 0 | 1,081,000 | 0 | 0 | Against |
| MFS | 858,331 | 0 | 0 | 0 | For |
| Virtus | 839,016 | 0 | 0 | 0 | For |
| Fidelity | 828,944 | 0 | 0 | 0 | For |
| T. Rowe Price | 394,431 | 0 | 0 | 0 | For |
| WASATCH FUNDS TRUST | 0 | 342,960 | 0 | 0 | Against |
| JPMorgan | 291,331 | 0 | 0 | 0 | For |
| Royce | 212,057 | 0 | 0 | 0 | For |
| Dimensional | 202,260 | 0 | 0 | 0 | For |
| Hartford | 192,027 | 0 | 0 | 0 | For |
| Charles Schwab | 182,910 | 0 | 0 | 0 | For |
| State Street | 180,723 | 170 | 0 | 0 | For |
| Allspring | 0 | 174,102 | 0 | 0 | Against |
| Lincoln Financial | 42,019 | 101,971 | 0 | 0 | Against |
| BNY Mellon | 0 | 123,909 | 0 | 0 | Against |
| Jackson National | 65,040 | 45,679 | 0 | 0 | For |
| Parnassus | 0 | 94,728 | 0 | 0 | Against |
| John Hancock | 70,372 | 17,652 | 0 | 0 | For |
| TIAA | 69,506 | 0 | 0 | 0 | For |
| Voya | 69,200 | 0 | 0 | 0 | For |
| Equitable | 34,887 | 30,159 | 0 | 0 | For |
| Nationwide | 0 | 52,767 | 0 | 0 | Against |
Showing the 25 largest of 95 asset managers. See all 95 in the interactive database.
Combines 4 wordings of this item as funds reported it.
99% Majority: yes · of votes cast
MORNINGSTAR INC.’s own tally for this item (“Elect Director: Joe Mansueto”): 38,313,001 for, 412,322 against, per its Form 8-K filed 2024-05-15 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 42,745,570 outstanding shares: 90% for, 1.0% against (91% of the company cast a for/against vote).
The 95 asset managers below cast 99.1% of the shares they voted on this item FOR (12,838,761 for, 115,671 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 2,878,052 | 0 | 0 | 0 | For |
| Eaton Vance | 1,434,185 | 0 | 0 | 0 | For |
| BlackRock | 1,395,193 | 0 | 0 | 0 | For |
| BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND) | 1,081,000 | 0 | 0 | 0 | For |
| MFS | 858,331 | 0 | 0 | 0 | For |
| Virtus | 839,016 | 0 | 0 | 0 | For |
| Fidelity | 828,944 | 0 | 0 | 0 | For |
| T. Rowe Price | 394,431 | 0 | 0 | 0 | For |
| WASATCH FUNDS TRUST | 342,960 | 0 | 0 | 0 | For |
| JPMorgan | 291,331 | 0 | 0 | 0 | For |
| Royce | 212,057 | 0 | 0 | 0 | For |
| Dimensional | 202,260 | 0 | 0 | 0 | For |
| Hartford | 192,027 | 0 | 0 | 0 | For |
| Charles Schwab | 182,910 | 0 | 0 | 0 | For |
| State Street | 180,868 | 25 | 0 | 0 | For |
| Allspring | 174,102 | 0 | 0 | 0 | For |
| Lincoln Financial | 143,990 | 0 | 0 | 0 | For |
| BNY Mellon | 123,909 | 0 | 0 | 0 | For |
| Jackson National | 110,719 | 0 | 0 | 0 | For |
| Parnassus | 94,728 | 0 | 0 | 0 | For |
| John Hancock | 88,024 | 0 | 0 | 0 | For |
| TIAA | 69,506 | 0 | 0 | 0 | For |
| Voya | 0 | 69,200 | 0 | 0 | Against |
| Equitable | 34,887 | 30,159 | 0 | 0 | For |
| Nationwide | 52,767 | 0 | 0 | 0 | For |
Showing the 25 largest of 95 asset managers. See all 95 in the interactive database.
Combines 4 wordings of this item as funds reported it.
99.3% Majority: yes · of votes cast
MORNINGSTAR INC.’s own tally for this item (“Elect Director: Kunal Kapoor”): 38,479,017 for, 245,617 against, per its Form 8-K filed 2024-05-15 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 42,745,570 outstanding shares: 90% for, 0.6% against (91% of the company cast a for/against vote).
The 95 asset managers below cast 99.9% of the shares they voted on this item FOR (12,950,118 for, 4,314 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 2,878,052 | 0 | 0 | 0 | For |
| Eaton Vance | 1,434,185 | 0 | 0 | 0 | For |
| BlackRock | 1,395,193 | 0 | 0 | 0 | For |
| BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND) | 1,081,000 | 0 | 0 | 0 | For |
| MFS | 858,331 | 0 | 0 | 0 | For |
| Virtus | 839,016 | 0 | 0 | 0 | For |
| Fidelity | 828,944 | 0 | 0 | 0 | For |
| T. Rowe Price | 394,431 | 0 | 0 | 0 | For |
| WASATCH FUNDS TRUST | 342,960 | 0 | 0 | 0 | For |
| JPMorgan | 291,331 | 0 | 0 | 0 | For |
| Royce | 212,057 | 0 | 0 | 0 | For |
| Dimensional | 202,260 | 0 | 0 | 0 | For |
| Hartford | 192,027 | 0 | 0 | 0 | For |
| Charles Schwab | 182,910 | 0 | 0 | 0 | For |
| State Street | 180,868 | 25 | 0 | 0 | For |
| Allspring | 174,102 | 0 | 0 | 0 | For |
| Lincoln Financial | 143,990 | 0 | 0 | 0 | For |
| BNY Mellon | 123,909 | 0 | 0 | 0 | For |
| Jackson National | 110,719 | 0 | 0 | 0 | For |
| Parnassus | 94,728 | 0 | 0 | 0 | For |
| John Hancock | 88,024 | 0 | 0 | 0 | For |
| TIAA | 69,506 | 0 | 0 | 0 | For |
| Voya | 69,200 | 0 | 0 | 0 | For |
| Equitable | 65,046 | 0 | 0 | 0 | For |
| Nationwide | 52,767 | 0 | 0 | 0 | For |
Showing the 25 largest of 95 asset managers. See all 95 in the interactive database.
Combines 4 wordings of this item as funds reported it.
84% Majority: yes · of votes cast
MORNINGSTAR INC.’s own tally for this item (“Elect Director: Robin Diamonte”): 32,537,690 for, 6,187,070 against, per its Form 8-K filed 2024-05-15 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 42,745,570 outstanding shares: 76% for, 14% against (91% of the company cast a for/against vote).
The 95 asset managers below cast 71% of the shares they voted on this item FOR (9,164,243 for, 3,790,189 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 2,878,052 | 0 | 0 | 0 | For |
| Eaton Vance | 0 | 1,434,185 | 0 | 0 | Against |
| BlackRock | 1,395,193 | 0 | 0 | 0 | For |
| BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND) | 0 | 1,081,000 | 0 | 0 | Against |
| MFS | 858,331 | 0 | 0 | 0 | For |
| Virtus | 839,016 | 0 | 0 | 0 | For |
| Fidelity | 828,944 | 0 | 0 | 0 | For |
| T. Rowe Price | 394,431 | 0 | 0 | 0 | For |
| WASATCH FUNDS TRUST | 0 | 342,960 | 0 | 0 | Against |
| JPMorgan | 291,331 | 0 | 0 | 0 | For |
| Royce | 212,057 | 0 | 0 | 0 | For |
| Dimensional | 202,260 | 0 | 0 | 0 | For |
| Hartford | 192,027 | 0 | 0 | 0 | For |
| Charles Schwab | 182,910 | 0 | 0 | 0 | For |
| State Street | 180,723 | 170 | 0 | 0 | For |
| Allspring | 0 | 174,102 | 0 | 0 | Against |
| Lincoln Financial | 42,019 | 101,971 | 0 | 0 | Against |
| BNY Mellon | 0 | 123,909 | 0 | 0 | Against |
| Jackson National | 65,040 | 45,679 | 0 | 0 | For |
| Parnassus | 0 | 94,728 | 0 | 0 | Against |
| John Hancock | 70,372 | 17,652 | 0 | 0 | For |
| TIAA | 69,506 | 0 | 0 | 0 | For |
| Voya | 69,200 | 0 | 0 | 0 | For |
| Equitable | 34,887 | 30,159 | 0 | 0 | For |
| Nationwide | 0 | 52,767 | 0 | 0 | Against |
Showing the 25 largest of 95 asset managers. See all 95 in the interactive database.
Combines 4 wordings of this item as funds reported it.
74% Majority: yes · of votes cast
MORNINGSTAR INC.’s own tally for this item (“Elect Director: Steve Joynt”): 28,789,451 for, 9,935,476 against, per its Form 8-K filed 2024-05-15 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 42,745,570 outstanding shares: 67% for, 23% against (91% of the company cast a for/against vote).
The 95 asset managers below cast 55% of the shares they voted on this item FOR (7,175,107 for, 5,779,325 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 2,878,052 | 0 | 0 | 0 | For |
| Eaton Vance | 0 | 1,434,185 | 0 | 0 | Against |
| BlackRock | 1,395,193 | 0 | 0 | 0 | For |
| BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND) | 0 | 1,081,000 | 0 | 0 | Against |
| MFS | 0 | 858,331 | 0 | 0 | Against |
| Virtus | 838,689 | 327 | 0 | 0 | For |
| Fidelity | 828,944 | 0 | 0 | 0 | For |
| T. Rowe Price | 0 | 394,431 | 0 | 0 | Against |
| WASATCH FUNDS TRUST | 0 | 342,960 | 0 | 0 | Against |
| JPMorgan | 291,331 | 0 | 0 | 0 | For |
| Royce | 212,057 | 0 | 0 | 0 | For |
| Dimensional | 0 | 202,260 | 0 | 0 | Against |
| Hartford | 192,027 | 0 | 0 | 0 | For |
| Charles Schwab | 0 | 182,910 | 0 | 0 | Against |
| State Street | 92 | 180,801 | 0 | 0 | Against |
| Allspring | 0 | 174,102 | 0 | 0 | Against |
| Lincoln Financial | 19,006 | 124,984 | 0 | 0 | Against |
| BNY Mellon | 123,909 | 0 | 0 | 0 | For |
| Jackson National | 108,231 | 2,488 | 0 | 0 | For |
| Parnassus | 0 | 94,728 | 0 | 0 | Against |
| John Hancock | 2,901 | 85,123 | 0 | 0 | Against |
| TIAA | 0 | 69,506 | 0 | 0 | Against |
| Voya | 0 | 69,200 | 0 | 0 | Against |
| Equitable | 11,510 | 53,536 | 0 | 0 | Against |
| Nationwide | 2,817 | 49,950 | 0 | 0 | Against |
Showing the 25 largest of 95 asset managers. See all 95 in the interactive database.
Combines 4 wordings of this item as funds reported it.
95% Majority: yes · of votes cast
MORNINGSTAR INC.’s own tally for this item (“Elect Director: Steve Kaplan”): 36,804,621 for, 1,920,533 against, per its Form 8-K filed 2024-05-15 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 42,745,570 outstanding shares: 86% for, 4% against (91% of the company cast a for/against vote).
The 95 asset managers below cast 98% of the shares they voted on this item FOR (12,701,118 for, 253,314 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 2,878,052 | 0 | 0 | 0 | For |
| Eaton Vance | 1,434,185 | 0 | 0 | 0 | For |
| BlackRock | 1,395,193 | 0 | 0 | 0 | For |
| BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND) | 1,081,000 | 0 | 0 | 0 | For |
| MFS | 858,331 | 0 | 0 | 0 | For |
| Virtus | 839,016 | 0 | 0 | 0 | For |
| Fidelity | 828,944 | 0 | 0 | 0 | For |
| T. Rowe Price | 394,431 | 0 | 0 | 0 | For |
| WASATCH FUNDS TRUST | 342,960 | 0 | 0 | 0 | For |
| JPMorgan | 291,331 | 0 | 0 | 0 | For |
| Royce | 212,057 | 0 | 0 | 0 | For |
| Dimensional | 202,260 | 0 | 0 | 0 | For |
| Hartford | 192,027 | 0 | 0 | 0 | For |
| Charles Schwab | 182,910 | 0 | 0 | 0 | For |
| State Street | 236 | 180,657 | 0 | 0 | Against |
| Allspring | 174,102 | 0 | 0 | 0 | For |
| Lincoln Financial | 135,158 | 8,832 | 0 | 0 | For |
| BNY Mellon | 123,909 | 0 | 0 | 0 | For |
| Jackson National | 110,719 | 0 | 0 | 0 | For |
| Parnassus | 94,728 | 0 | 0 | 0 | For |
| John Hancock | 88,024 | 0 | 0 | 0 | For |
| TIAA | 69,506 | 0 | 0 | 0 | For |
| Voya | 69,200 | 0 | 0 | 0 | For |
| Equitable | 34,887 | 30,159 | 0 | 0 | For |
| Nationwide | 52,767 | 0 | 0 | 0 | For |
Showing the 25 largest of 95 asset managers. See all 95 in the interactive database.
Combines 3 wordings of this item as funds reported it.
99.5% Majority: yes · of votes cast
MORNINGSTAR INC.’s own tally for this item (“The appointment of KPMG as Morningstar's independent registered public accounting firm for 2024 was ratified with the voting as follows:”): 39,387,232 for, 184,850 against, per its Form 8-K filed 2024-05-15 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 42,745,570 outstanding shares: 92% for, 0.5% against (93% of the company cast a for/against vote).
The 93 asset managers below cast 99.9% of the shares they voted on this item FOR (12,917,193 for, 3,441 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 2,878,052 | 0 | 0 | 0 | For |
| Eaton Vance | 1,434,185 | 0 | 0 | 0 | For |
| BlackRock | 1,395,193 | 0 | 0 | 0 | For |
| BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND) | 1,081,000 | 0 | 0 | 0 | For |
| MFS | 858,331 | 0 | 0 | 0 | For |
| Virtus | 838,689 | 0 | 0 | 0 | For |
| Fidelity | 828,944 | 0 | 0 | 0 | For |
| T. Rowe Price | 394,431 | 0 | 0 | 0 | For |
| WASATCH FUNDS TRUST | 342,960 | 0 | 0 | 0 | For |
| JPMorgan | 291,331 | 0 | 0 | 0 | For |
| Royce | 212,057 | 0 | 0 | 0 | For |
| Dimensional | 202,260 | 0 | 0 | 0 | For |
| Hartford | 192,027 | 0 | 0 | 0 | For |
| Charles Schwab | 182,910 | 0 | 0 | 0 | For |
| State Street | 180,868 | 25 | 0 | 0 | For |
| Allspring | 174,102 | 0 | 0 | 0 | For |
| Lincoln Financial | 125,599 | 0 | 0 | 0 | For |
| BNY Mellon | 123,909 | 0 | 0 | 0 | For |
| Jackson National | 110,719 | 0 | 0 | 0 | For |
| Parnassus | 94,728 | 0 | 0 | 0 | For |
| John Hancock | 88,024 | 0 | 0 | 0 | For |
| TIAA | 69,506 | 0 | 0 | 0 | For |
| Voya | 69,200 | 0 | 0 | 0 | For |
| Equitable | 65,046 | 0 | 0 | 0 | For |
| Nationwide | 52,767 | 0 | 0 | 0 | For |
Showing the 25 largest of 93 asset managers. See all 93 in the interactive database.
Combines 2 wordings of this item as funds reported it.
99.1% Majority: yes · of votes cast
MORNINGSTAR INC.’s own tally for this item (“Morningstar's executive compensation was approved, on an advisory basis, with the voting as follows:”): 38,378,684 for, 346,649 against, per its Form 8-K filed 2024-05-15 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 42,745,570 outstanding shares: 90% for, 0.9% against (91% of the company cast a for/against vote).
The 10 asset managers below cast 86% of the shares they voted on this item FOR (400,623 for, 65,422 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| JPMorgan | 208,625 | 0 | 0 | 0 | For |
| Praesidium Investment Management Company, LLC | 157,602 | 0 | 0 | 0 | For |
| NORDEA INVESTMENT MANAGEMENT AB | 0 | 65,201 | 0 | 0 | Against |
| Lincoln Financial | 18,391 | 0 | 0 | 0 | For |
| Empower | 11,908 | 0 | 0 | 0 | For |
| TIMOTHY PLAN | 3,007 | 0 | 0 | 0 | For |
| Symmetry Panoramic Trust | 165 | 0 | 512 | 0 | Abstain |
| Dundas Partners LLP | 598 | 0 | 0 | 0 | For |
| Virtus | 327 | 0 | 0 | 0 | For |
| Desjardins Global Asset Management Inc. | 0 | 221 | 0 | 0 | Against |
99.5% Majority: yes · of votes cast
MORNINGSTAR INC.’s own tally for this item (“The appointment of KPMG as Morningstar's independent registered public accounting firm for 2024 was ratified with the voting as follows:”): 39,387,232 for, 184,850 against, per its Form 8-K filed 2024-05-15 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 42,745,570 outstanding shares: 92% for, 0.5% against (93% of the company cast a for/against vote).
The 4 asset managers below cast 100% of the shares they voted on this item FOR (33,471 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Lincoln Financial | 18,391 | 0 | 0 | 0 | For |
| Empower | 11,908 | 0 | 0 | 0 | For |
| TIMOTHY PLAN | 3,007 | 0 | 0 | 0 | For |
| Symmetry Panoramic Trust | 165 | 0 | 512 | 0 | Abstain |
Ranked by the number of MORNINGSTAR INC. shares each manager voted on the most widely held ballot item of the 2023-2024 meeting, shown as a share of the 42,745,570 shares outstanding at the time of that meeting.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Vanguard | 6.82% |
| 2 | Select Equity Group, L.P. | 5.78% |
| 3 | BlackRock | 5.35% |
| 4 | ATLANTA CAPITAL MANAGEMENT CO L L C | 3.99% |
| 5 | Eaton Vance | 3.36% |
| 6 | Fidelity | 2.96% |
| 7 | BAMCO INC /NY/ | 2.77% |
| 8 | MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 2.61% |
| 9 | T. Rowe Price | 2.56% |
| 10 | BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND) | 2.53% |
Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).
| Holder | % outstanding | Disclosure |
|---|---|---|
| Joe Mansueto | 37.10% | DEF14A |
| Select Equity Group, L.P. | 6.98% | DEF14A |
| Vanguard Group | 6.11% | 13F |
| BlackRock | 5.60% | 13F |
| Morgan Stanley | 4.58% | 13F |
| Wellington Management | 1.85% | 13F |
| State Street | 1.80% | 13F |
| T. Rowe Price | 1.60% | 13F |
| Geode Capital | 1.07% | 13F |
| BNY Mellon | 0.84% | 13F |
Percentages above are of 42,745,570 shares outstanding, as reported by MORNINGSTAR INC. on its Form 10-Q dated 2024-03-31 (see the filing on EDGAR). This is the count contemporaneous with the 2023-2024 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.
Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from MORNINGSTAR INC.’s 10-Q dated 2024-03-31. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.
At MORNINGSTAR INC.'s shareholder meeting held 2024-05-10, in the 2023-2024 proxy season, 384 asset managers reported how they voted in their SEC Form N-PX filings, covering 4,832 separate fund positions. Their filings are grouped here into 14 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. On the most widely held item on that ballot — Advisory vote to approve executive compensation of the Company's named executive officers. — FOR was 99.1% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: MORNINGSTAR INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on 2024-05-15.
MORNINGSTAR INC. proxy season coverage: 2023-2024 (this page) · 2024-2025 · 2025-2026.