Home › Companies › National Grid Plc › 2025-2026

National Grid Plc 2025-2026 Proxy Voting Records

Compiled from SEC Form N-PX filings. Page generated 02 October 2026.

93Reported items
191Asset managers
14,271Fund votes
2025-07-09Meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore National Grid Plc in the interactive database Compare manager voting policies

How asset managers voted at the National Grid Plc 2025-2026 meeting

Each item below shows how the 191 asset managers that disclosed a National Grid Plc 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 National Grid Plc’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.

1. Approve Remuneration Report

COMPENSATION

Meeting held 2025-07-09; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 102 asset managers below cast 100% of the shares they voted on this item FOR (1,115,006,523 for, 0 against).

FOR: 1,115,006,523 (100.0%)

Largest asset managers voting on “Approve Remuneration Report” at National Grid Plc, 2025-2026
Asset manager	For	Vote
BlackRock	317,719,033	For
Vanguard	143,915,237	For
Capital Group	115,121,218	For
Goldman Sachs	87,122,031	For
Fidelity	84,003,341	For
Lazard	60,439,032	For
MFS	34,568,126	For
TIAA	30,291,437	For
T. Rowe Price	29,235,982	For
APG Asset Management US Inc.	24,151,703	For
JPMorgan	17,788,151	For
Walter Scott & Partners Ltd	14,952,605	For
DWS	13,923,112	For
First Trust	13,896,888	For
Cohen & Steers	11,296,597	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	10,689,509	For
State Street	9,697,799	For
FRANKLIN MUTUAL SERIES FUNDS	8,827,890	For
Northern Trust	8,073,525	For
Franklin Custodian Funds	7,458,333	For
BNY Mellon	5,897,102	For
Perpetual Americas Funds Trust	5,510,306	For
JANUS INVESTMENT FUND	4,789,837	For
Brighthouse	4,704,053	For
EUPAC FUND	4,319,961	For

Showing the 25 largest of 102 asset managers. See all 102 in the interactive database.

2. Approve Remuneration Policy

COMPENSATION

Meeting held 2025-07-09; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 101 asset managers below cast 100% of the shares they voted on this item FOR (1,064,952,390 for, 0 against).

FOR: 1,064,952,390 (100.0%)

Largest asset managers voting on “Approve Remuneration Policy” at National Grid Plc, 2025-2026
Asset manager	For	Vote
BlackRock	317,719,033	For
Vanguard	143,915,237	For
Capital Group	115,121,218	For
Goldman Sachs	87,122,031	For
Fidelity	84,003,341	For
Lazard	60,439,032	For
MFS	34,568,126	For
TIAA	30,291,437	For
T. Rowe Price	29,235,982	For
DWS	13,923,112	For
First Trust	13,896,888	For
Cohen & Steers	11,296,597	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	10,689,509	For
State Street	9,697,799	For
FRANKLIN MUTUAL SERIES FUNDS	8,827,890	For
Northern Trust	8,073,525	For
Franklin Custodian Funds	7,458,333	For
JPMorgan	6,691,582	For
BNY Mellon	5,897,102	For
Perpetual Americas Funds Trust	5,510,306	For
JANUS INVESTMENT FUND	4,789,837	For
Brighthouse	4,704,053	For
EUPAC FUND	4,319,961	For
Equitable	2,773,550	For
Nuveen	2,643,978	For

Showing the 25 largest of 101 asset managers. See all 101 in the interactive database.

3. Accept Financial Statements and Statutory Reports

CORPORATE GOVERNANCE

Meeting held 2025-07-09; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 94 asset managers below cast 100% of the shares they voted on this item FOR (878,428,714 for, 0 against).

FOR: 878,428,714 (100.0%)

Largest asset managers voting on “Accept Financial Statements and Statutory Reports” at National Grid Plc, 2025-2026
Asset manager	For	Vote
Vanguard	143,915,237	For
BlackRock	133,386,451	For
Capital Group	115,121,218	For
Goldman Sachs	87,122,031	For
Fidelity	84,003,341	For
Lazard	60,439,032	For
MFS	34,568,126	For
TIAA	30,291,437	For
T. Rowe Price	29,235,982	For
DWS	13,923,112	For
First Trust	13,896,888	For
Cohen & Steers	11,296,597	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	10,689,509	For
State Street	9,697,799	For
FRANKLIN MUTUAL SERIES FUNDS	8,827,890	For
Northern Trust	8,073,525	For
Franklin Custodian Funds	7,458,333	For
JPMorgan	6,691,582	For
BNY Mellon	5,897,102	For
Perpetual Americas Funds Trust	5,510,306	For
JANUS INVESTMENT FUND	4,789,837	For
Brighthouse	4,704,053	For
EUPAC FUND	4,319,961	For
Equitable	2,773,550	For
Nuveen	2,643,978	For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

4. Approve Final Dividend

CAPITAL STRUCTURE

Meeting held 2025-07-09; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 94 asset managers below cast 100% of the shares they voted on this item FOR (878,428,714 for, 0 against).

FOR: 878,428,714 (100.0%)

Largest asset managers voting on “Approve Final Dividend” at National Grid Plc, 2025-2026
Asset manager	For	Vote
Vanguard	143,915,237	For
BlackRock	133,386,451	For
Capital Group	115,121,218	For
Goldman Sachs	87,122,031	For
Fidelity	84,003,341	For
Lazard	60,439,032	For
MFS	34,568,126	For
TIAA	30,291,437	For
T. Rowe Price	29,235,982	For
DWS	13,923,112	For
First Trust	13,896,888	For
Cohen & Steers	11,296,597	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	10,689,509	For
State Street	9,697,799	For
FRANKLIN MUTUAL SERIES FUNDS	8,827,890	For
Northern Trust	8,073,525	For
Franklin Custodian Funds	7,458,333	For
JPMorgan	6,691,582	For
BNY Mellon	5,897,102	For
Perpetual Americas Funds Trust	5,510,306	For
JANUS INVESTMENT FUND	4,789,837	For
Brighthouse	4,704,053	For
EUPAC FUND	4,319,961	For
Equitable	2,773,550	For
Nuveen	2,643,978	For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

5. Approve Increase in Borrowing Limit

CAPITAL STRUCTUREOTHER

Meeting held 2025-07-09; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 94 asset managers below cast 100% of the shares they voted on this item FOR (878,428,714 for, 0 against).

FOR: 878,428,714 (100.0%)

Largest asset managers voting on “Approve Increase in Borrowing Limit” at National Grid Plc, 2025-2026
Asset manager	For	Vote
Vanguard	143,915,237	For
BlackRock	133,386,451	For
Capital Group	115,121,218	For
Goldman Sachs	87,122,031	For
Fidelity	84,003,341	For
Lazard	60,439,032	For
MFS	34,568,126	For
TIAA	30,291,437	For
T. Rowe Price	29,235,982	For
DWS	13,923,112	For
First Trust	13,896,888	For
Cohen & Steers	11,296,597	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	10,689,509	For
State Street	9,697,799	For
FRANKLIN MUTUAL SERIES FUNDS	8,827,890	For
Northern Trust	8,073,525	For
Franklin Custodian Funds	7,458,333	For
JPMorgan	6,691,582	For
BNY Mellon	5,897,102	For
Perpetual Americas Funds Trust	5,510,306	For
JANUS INVESTMENT FUND	4,789,837	For
Brighthouse	4,704,053	For
EUPAC FUND	4,319,961	For
Equitable	2,773,550	For
Nuveen	2,643,978	For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

6. Approve Scrip Dividend Scheme

CAPITAL STRUCTURE

Meeting held 2025-07-09; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 94 asset managers below cast 100% of the shares they voted on this item FOR (878,428,714 for, 0 against).

FOR: 878,428,714 (100.0%)

Largest asset managers voting on “Approve Scrip Dividend Scheme” at National Grid Plc, 2025-2026
Asset manager	For	Vote
Vanguard	143,915,237	For
BlackRock	133,386,451	For
Capital Group	115,121,218	For
Goldman Sachs	87,122,031	For
Fidelity	84,003,341	For
Lazard	60,439,032	For
MFS	34,568,126	For
TIAA	30,291,437	For
T. Rowe Price	29,235,982	For
DWS	13,923,112	For
First Trust	13,896,888	For
Cohen & Steers	11,296,597	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	10,689,509	For
State Street	9,697,799	For
FRANKLIN MUTUAL SERIES FUNDS	8,827,890	For
Northern Trust	8,073,525	For
Franklin Custodian Funds	7,458,333	For
JPMorgan	6,691,582	For
BNY Mellon	5,897,102	For
Perpetual Americas Funds Trust	5,510,306	For
JANUS INVESTMENT FUND	4,789,837	For
Brighthouse	4,704,053	For
EUPAC FUND	4,319,961	For
Equitable	2,773,550	For
Nuveen	2,643,978	For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

7. Authorise Directors to Capitalise the Appropriate Nominal Amounts of New Shares of the Company Allotted Pursuant to the Company's Scrip Dividend Scheme

CAPITAL STRUCTURE

Meeting held 2025-07-09; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 94 asset managers below cast 100% of the shares they voted on this item FOR (878,428,714 for, 0 against).

FOR: 878,428,714 (100.0%)

Largest asset managers voting on “Authorise Directors to Capitalise the Appropriate Nominal Amounts of New Shares of the Company Allotted Pursua” at National Grid Plc, 2025-2026
Asset manager	For	Vote
Vanguard	143,915,237	For
BlackRock	133,386,451	For
Capital Group	115,121,218	For
Goldman Sachs	87,122,031	For
Fidelity	84,003,341	For
Lazard	60,439,032	For
MFS	34,568,126	For
TIAA	30,291,437	For
T. Rowe Price	29,235,982	For
DWS	13,923,112	For
First Trust	13,896,888	For
Cohen & Steers	11,296,597	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	10,689,509	For
State Street	9,697,799	For
FRANKLIN MUTUAL SERIES FUNDS	8,827,890	For
Northern Trust	8,073,525	For
Franklin Custodian Funds	7,458,333	For
JPMorgan	6,691,582	For
BNY Mellon	5,897,102	For
Perpetual Americas Funds Trust	5,510,306	For
JANUS INVESTMENT FUND	4,789,837	For
Brighthouse	4,704,053	For
EUPAC FUND	4,319,961	For
Equitable	2,773,550	For
Nuveen	2,643,978	For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

8. Authorise Issue of Equity

CAPITAL STRUCTURE

Meeting held 2025-07-09; no official results are on file for this meeting.

99.3% fund support · no official result

FOR 99.3%

The 94 asset managers below cast 99.3% of the shares they voted on this item FOR (872,650,314 for, 5,778,400 against).

FOR: 872,650,314 (99.3%)AGAINST: 5,778,400 (0.7%)

Largest asset managers voting on “Authorise Issue of Equity” at National Grid Plc, 2025-2026
Asset manager	For	Against	Vote
Vanguard	143,915,237	0	For
BlackRock	133,386,451	0	For
Capital Group	115,121,218	0	For
Goldman Sachs	87,122,031	0	For
Fidelity	84,003,341	0	For
Lazard	60,439,032	0	For
MFS	34,568,126	0	For
TIAA	30,291,437	0	For
T. Rowe Price	29,235,982	0	For
DWS	13,923,112	0	For
First Trust	13,896,888	0	For
Cohen & Steers	11,296,597	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	10,689,509	0	For
State Street	9,697,799	0	For
FRANKLIN MUTUAL SERIES FUNDS	8,827,890	0	For
Northern Trust	8,073,525	0	For
Franklin Custodian Funds	7,458,333	0	For
JPMorgan	6,691,582	0	For
BNY Mellon	269,502	5,627,600	Against
Perpetual Americas Funds Trust	5,510,306	0	For
JANUS INVESTMENT FUND	4,789,837	0	For
Brighthouse	4,704,053	0	For
EUPAC FUND	4,319,961	0	For
Equitable	2,773,550	0	For
Nuveen	2,643,978	0	For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

9. Authorise Issue of Equity without Pre-emptive Rights

CAPITAL STRUCTURE

Meeting held 2025-07-09; no official results are on file for this meeting.

99.3% fund support · no official result

FOR 99.3%

The 94 asset managers below cast 99.3% of the shares they voted on this item FOR (872,650,314 for, 5,778,400 against).

FOR: 872,650,314 (99.3%)AGAINST: 5,778,400 (0.7%)

Largest asset managers voting on “Authorise Issue of Equity without Pre-emptive Rights” at National Grid Plc, 2025-2026
Asset manager	For	Against	Vote
Vanguard	143,915,237	0	For
BlackRock	133,386,451	0	For
Capital Group	115,121,218	0	For
Goldman Sachs	87,122,031	0	For
Fidelity	84,003,341	0	For
Lazard	60,439,032	0	For
MFS	34,568,126	0	For
TIAA	30,291,437	0	For
T. Rowe Price	29,235,982	0	For
DWS	13,923,112	0	For
First Trust	13,896,888	0	For
Cohen & Steers	11,296,597	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	10,689,509	0	For
State Street	9,697,799	0	For
FRANKLIN MUTUAL SERIES FUNDS	8,827,890	0	For
Northern Trust	8,073,525	0	For
Franklin Custodian Funds	7,458,333	0	For
JPMorgan	6,691,582	0	For
BNY Mellon	269,502	5,627,600	Against
Perpetual Americas Funds Trust	5,510,306	0	For
JANUS INVESTMENT FUND	4,789,837	0	For
Brighthouse	4,704,053	0	For
EUPAC FUND	4,319,961	0	For
Equitable	2,773,550	0	For
Nuveen	2,643,978	0	For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

10. Authorise Market Purchase of Ordinary Shares

CAPITAL STRUCTURE

Meeting held 2025-07-09; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 94 asset managers below cast 100% of the shares they voted on this item FOR (878,428,714 for, 0 against).

FOR: 878,428,714 (100.0%)

Largest asset managers voting on “Authorise Market Purchase of Ordinary Shares” at National Grid Plc, 2025-2026
Asset manager	For	Vote
Vanguard	143,915,237	For
BlackRock	133,386,451	For
Capital Group	115,121,218	For
Goldman Sachs	87,122,031	For
Fidelity	84,003,341	For
Lazard	60,439,032	For
MFS	34,568,126	For
TIAA	30,291,437	For
T. Rowe Price	29,235,982	For
DWS	13,923,112	For
First Trust	13,896,888	For
Cohen & Steers	11,296,597	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	10,689,509	For
State Street	9,697,799	For
FRANKLIN MUTUAL SERIES FUNDS	8,827,890	For
Northern Trust	8,073,525	For
Franklin Custodian Funds	7,458,333	For
JPMorgan	6,691,582	For
BNY Mellon	5,897,102	For
Perpetual Americas Funds Trust	5,510,306	For
JANUS INVESTMENT FUND	4,789,837	For
Brighthouse	4,704,053	For
EUPAC FUND	4,319,961	For
Equitable	2,773,550	For
Nuveen	2,643,978	For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

11. Authorise UK Political Donations and Expenditure

OTHER SOCIAL ISSUES

Meeting held 2025-07-09; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 94 asset managers below cast 100% of the shares they voted on this item FOR (878,428,714 for, 0 against).

FOR: 878,428,714 (100.0%)

Largest asset managers voting on “Authorise UK Political Donations and Expenditure” at National Grid Plc, 2025-2026
Asset manager	For	Vote
Vanguard	143,915,237	For
BlackRock	133,386,451	For
Capital Group	115,121,218	For
Goldman Sachs	87,122,031	For
Fidelity	84,003,341	For
Lazard	60,439,032	For
MFS	34,568,126	For
TIAA	30,291,437	For
T. Rowe Price	29,235,982	For
DWS	13,923,112	For
First Trust	13,896,888	For
Cohen & Steers	11,296,597	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	10,689,509	For
State Street	9,697,799	For
FRANKLIN MUTUAL SERIES FUNDS	8,827,890	For
Northern Trust	8,073,525	For
Franklin Custodian Funds	7,458,333	For
JPMorgan	6,691,582	For
BNY Mellon	5,897,102	For
Perpetual Americas Funds Trust	5,510,306	For
JANUS INVESTMENT FUND	4,789,837	For
Brighthouse	4,704,053	For
EUPAC FUND	4,319,961	For
Equitable	2,773,550	For
Nuveen	2,643,978	For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

12. Authorise the Audit & Risk Committee to Fix Remuneration of Auditors

AUDIT-RELATED

Meeting held 2025-07-09; no official results are on file for this meeting.

99.9% fund support · no official result

FOR 99.9%

The 94 asset managers below cast 99.9% of the shares they voted on this item FOR (877,944,300 for, 484,414 against).

FOR: 877,944,300 (99.9%)AGAINST: 484,414 (0.1%)

Largest asset managers voting on “Authorise the Audit & Risk Committee to Fix Remuneration of Auditors” at National Grid Plc, 2025-2026
Asset manager	For	Vote
Vanguard	143,915,237	For
BlackRock	133,386,451	For
Capital Group	115,121,218	For
Goldman Sachs	87,122,031	For
Fidelity	84,003,341	For
Lazard	60,439,032	For
MFS	34,568,126	For
TIAA	30,291,437	For
T. Rowe Price	29,235,982	For
DWS	13,923,112	For
First Trust	13,896,888	For
Cohen & Steers	11,296,597	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	10,689,509	For
State Street	9,697,799	For
FRANKLIN MUTUAL SERIES FUNDS	8,827,890	For
Northern Trust	8,073,525	For
Franklin Custodian Funds	7,458,333	For
JPMorgan	6,691,582	For
BNY Mellon	5,897,102	For
Perpetual Americas Funds Trust	5,510,306	For
JANUS INVESTMENT FUND	4,789,837	For
Brighthouse	4,704,053	For
EUPAC FUND	4,319,961	For
Equitable	2,773,550	For
Nuveen	2,643,978	For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

13. Authorise the Company to Call General Meeting with Two Weeks' Notice

CORPORATE GOVERNANCE

Meeting held 2025-07-09; no official results are on file for this meeting.

99% fund support · no official result

FOR 99%

The 94 asset managers below cast 99% of the shares they voted on this item FOR (867,788,445 for, 10,640,269 against).

FOR: 867,788,445 (98.8%)AGAINST: 10,640,269 (1.2%)

Largest asset managers voting on “Authorise the Company to Call General Meeting with Two Weeks' Notice” at National Grid Plc, 2025-2026
Asset manager	For	Against	Vote
Vanguard	143,915,237	0	For
BlackRock	133,386,451	0	For
Capital Group	115,121,218	0	For
Goldman Sachs	87,122,031	0	For
Fidelity	84,003,341	0	For
Lazard	60,439,032	0	For
MFS	34,568,126	0	For
TIAA	30,291,437	0	For
T. Rowe Price	29,235,982	0	For
DWS	13,923,112	0	For
First Trust	13,896,888	0	For
Cohen & Steers	11,296,597	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	10,689,509	0	For
State Street	0	9,697,799	Against
FRANKLIN MUTUAL SERIES FUNDS	8,827,890	0	For
Northern Trust	8,073,525	0	For
Franklin Custodian Funds	7,458,333	0	For
JPMorgan	6,691,582	0	For
BNY Mellon	5,897,102	0	For
Perpetual Americas Funds Trust	5,510,306	0	For
JANUS INVESTMENT FUND	4,789,837	0	For
Brighthouse	4,704,053	0	For
EUPAC FUND	4,319,961	0	For
Equitable	2,773,550	0	For
Nuveen	2,643,978	0	For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

14. Re-elect Andy Agg as Director

DIRECTOR ELECTIONS

Meeting held 2025-07-09; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 94 asset managers below cast 100% of the shares they voted on this item FOR (878,428,714 for, 0 against).

FOR: 878,428,714 (100.0%)

Largest asset managers voting on “Re-elect Andy Agg as Director” at National Grid Plc, 2025-2026
Asset manager	For	Vote
Vanguard	143,915,237	For
BlackRock	133,386,451	For
Capital Group	115,121,218	For
Goldman Sachs	87,122,031	For
Fidelity	84,003,341	For
Lazard	60,439,032	For
MFS	34,568,126	For
TIAA	30,291,437	For
T. Rowe Price	29,235,982	For
DWS	13,923,112	For
First Trust	13,896,888	For
Cohen & Steers	11,296,597	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	10,689,509	For
State Street	9,697,799	For
FRANKLIN MUTUAL SERIES FUNDS	8,827,890	For
Northern Trust	8,073,525	For
Franklin Custodian Funds	7,458,333	For
JPMorgan	6,691,582	For
BNY Mellon	5,897,102	For
Perpetual Americas Funds Trust	5,510,306	For
JANUS INVESTMENT FUND	4,789,837	For
Brighthouse	4,704,053	For
EUPAC FUND	4,319,961	For
Equitable	2,773,550	For
Nuveen	2,643,978	For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

15. Re-elect Anne Robinson as Director

DIRECTOR ELECTIONS

Meeting held 2025-07-09; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 94 asset managers below cast 100% of the shares they voted on this item FOR (878,428,714 for, 0 against).

FOR: 878,428,714 (100.0%)

Largest asset managers voting on “Re-elect Anne Robinson as Director” at National Grid Plc, 2025-2026
Asset manager	For	Vote
Vanguard	143,915,237	For
BlackRock	133,386,451	For
Capital Group	115,121,218	For
Goldman Sachs	87,122,031	For
Fidelity	84,003,341	For
Lazard	60,439,032	For
MFS	34,568,126	For
TIAA	30,291,437	For
T. Rowe Price	29,235,982	For
DWS	13,923,112	For
First Trust	13,896,888	For
Cohen & Steers	11,296,597	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	10,689,509	For
State Street	9,697,799	For
FRANKLIN MUTUAL SERIES FUNDS	8,827,890	For
Northern Trust	8,073,525	For
Franklin Custodian Funds	7,458,333	For
JPMorgan	6,691,582	For
BNY Mellon	5,897,102	For
Perpetual Americas Funds Trust	5,510,306	For
JANUS INVESTMENT FUND	4,789,837	For
Brighthouse	4,704,053	For
EUPAC FUND	4,319,961	For
Equitable	2,773,550	For
Nuveen	2,643,978	For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

16. Re-elect Earl Shipp as Director

DIRECTOR ELECTIONS

Meeting held 2025-07-09; no official results are on file for this meeting.

99.9% fund support · no official result

FOR 99.9%

The 94 asset managers below cast 99.9% of the shares they voted on this item FOR (878,067,938 for, 360,776 against).

FOR: 878,067,938 (100.0%)AGAINST: 360,776 (0.0%)

Largest asset managers voting on “Re-elect Earl Shipp as Director” at National Grid Plc, 2025-2026
Asset manager	For	Against	Vote
Vanguard	143,915,237	0	For
BlackRock	133,386,451	0	For
Capital Group	115,121,218	0	For
Goldman Sachs	87,122,031	0	For
Fidelity	84,003,341	0	For
Lazard	60,439,032	0	For
MFS	34,568,126	0	For
TIAA	30,291,437	0	For
T. Rowe Price	29,235,982	0	For
DWS	13,923,112	0	For
First Trust	13,896,888	0	For
Cohen & Steers	11,296,597	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	10,689,509	0	For
State Street	9,697,799	0	For
FRANKLIN MUTUAL SERIES FUNDS	8,827,890	0	For
Northern Trust	7,801,872	271,653	For
Franklin Custodian Funds	7,458,333	0	For
JPMorgan	6,691,582	0	For
BNY Mellon	5,897,102	0	For
Perpetual Americas Funds Trust	5,510,306	0	For
JANUS INVESTMENT FUND	4,789,837	0	For
Brighthouse	4,704,053	0	For
EUPAC FUND	4,319,961	0	For
Equitable	2,773,550	0	For
Nuveen	2,643,978	0	For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

17. Re-elect Iain Mackay as Director

DIRECTOR ELECTIONS

Meeting held 2025-07-09; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 94 asset managers below cast 100% of the shares they voted on this item FOR (878,428,714 for, 0 against).

FOR: 878,428,714 (100.0%)

Largest asset managers voting on “Re-elect Iain Mackay as Director” at National Grid Plc, 2025-2026
Asset manager	For	Vote
Vanguard	143,915,237	For
BlackRock	133,386,451	For
Capital Group	115,121,218	For
Goldman Sachs	87,122,031	For
Fidelity	84,003,341	For
Lazard	60,439,032	For
MFS	34,568,126	For
TIAA	30,291,437	For
T. Rowe Price	29,235,982	For
DWS	13,923,112	For
First Trust	13,896,888	For
Cohen & Steers	11,296,597	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	10,689,509	For
State Street	9,697,799	For
FRANKLIN MUTUAL SERIES FUNDS	8,827,890	For
Northern Trust	8,073,525	For
Franklin Custodian Funds	7,458,333	For
JPMorgan	6,691,582	For
BNY Mellon	5,897,102	For
Perpetual Americas Funds Trust	5,510,306	For
JANUS INVESTMENT FUND	4,789,837	For
Brighthouse	4,704,053	For
EUPAC FUND	4,319,961	For
Equitable	2,773,550	For
Nuveen	2,643,978	For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

18. Re-elect Ian Livingston as Director

DIRECTOR ELECTIONS

Meeting held 2025-07-09; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 94 asset managers below cast 100% of the shares they voted on this item FOR (878,428,714 for, 0 against).

FOR: 878,428,714 (100.0%)

Largest asset managers voting on “Re-elect Ian Livingston as Director” at National Grid Plc, 2025-2026
Asset manager	For	Vote
Vanguard	143,915,237	For
BlackRock	133,386,451	For
Capital Group	115,121,218	For
Goldman Sachs	87,122,031	For
Fidelity	84,003,341	For
Lazard	60,439,032	For
MFS	34,568,126	For
TIAA	30,291,437	For
T. Rowe Price	29,235,982	For
DWS	13,923,112	For
First Trust	13,896,888	For
Cohen & Steers	11,296,597	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	10,689,509	For
State Street	9,697,799	For
FRANKLIN MUTUAL SERIES FUNDS	8,827,890	For
Northern Trust	8,073,525	For
Franklin Custodian Funds	7,458,333	For
JPMorgan	6,691,582	For
BNY Mellon	5,897,102	For
Perpetual Americas Funds Trust	5,510,306	For
JANUS INVESTMENT FUND	4,789,837	For
Brighthouse	4,704,053	For
EUPAC FUND	4,319,961	For
Equitable	2,773,550	For
Nuveen	2,643,978	For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

19. Re-elect Jacqui Ferguson as Director

DIRECTOR ELECTIONS

Meeting held 2025-07-09; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 94 asset managers below cast 100% of the shares they voted on this item FOR (878,428,714 for, 0 against).

FOR: 878,428,714 (100.0%)

Largest asset managers voting on “Re-elect Jacqui Ferguson as Director” at National Grid Plc, 2025-2026
Asset manager	For	Vote
Vanguard	143,915,237	For
BlackRock	133,386,451	For
Capital Group	115,121,218	For
Goldman Sachs	87,122,031	For
Fidelity	84,003,341	For
Lazard	60,439,032	For
MFS	34,568,126	For
TIAA	30,291,437	For
T. Rowe Price	29,235,982	For
DWS	13,923,112	For
First Trust	13,896,888	For
Cohen & Steers	11,296,597	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	10,689,509	For
State Street	9,697,799	For
FRANKLIN MUTUAL SERIES FUNDS	8,827,890	For
Northern Trust	8,073,525	For
Franklin Custodian Funds	7,458,333	For
JPMorgan	6,691,582	For
BNY Mellon	5,897,102	For
Perpetual Americas Funds Trust	5,510,306	For
JANUS INVESTMENT FUND	4,789,837	For
Brighthouse	4,704,053	For
EUPAC FUND	4,319,961	For
Equitable	2,773,550	For
Nuveen	2,643,978	For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

20. Re-elect John Pettigrew as Director

DIRECTOR ELECTIONS

Meeting held 2025-07-09; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 94 asset managers below cast 100% of the shares they voted on this item FOR (878,428,714 for, 0 against).

FOR: 878,428,714 (100.0%)

Largest asset managers voting on “Re-elect John Pettigrew as Director” at National Grid Plc, 2025-2026
Asset manager	For	Vote
Vanguard	143,915,237	For
BlackRock	133,386,451	For
Capital Group	115,121,218	For
Goldman Sachs	87,122,031	For
Fidelity	84,003,341	For
Lazard	60,439,032	For
MFS	34,568,126	For
TIAA	30,291,437	For
T. Rowe Price	29,235,982	For
DWS	13,923,112	For
First Trust	13,896,888	For
Cohen & Steers	11,296,597	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	10,689,509	For
State Street	9,697,799	For
FRANKLIN MUTUAL SERIES FUNDS	8,827,890	For
Northern Trust	8,073,525	For
Franklin Custodian Funds	7,458,333	For
JPMorgan	6,691,582	For
BNY Mellon	5,897,102	For
Perpetual Americas Funds Trust	5,510,306	For
JANUS INVESTMENT FUND	4,789,837	For
Brighthouse	4,704,053	For
EUPAC FUND	4,319,961	For
Equitable	2,773,550	For
Nuveen	2,643,978	For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

21. Re-elect Jonathan Silver as Director

DIRECTOR ELECTIONS

Meeting held 2025-07-09; no official results are on file for this meeting.

99.9% fund support · no official result

FOR 99.9%

The 94 asset managers below cast 99.9% of the shares they voted on this item FOR (878,067,938 for, 360,776 against).

FOR: 878,067,938 (100.0%)AGAINST: 360,776 (0.0%)

Largest asset managers voting on “Re-elect Jonathan Silver as Director” at National Grid Plc, 2025-2026
Asset manager	For	Against	Vote
Vanguard	143,915,237	0	For
BlackRock	133,386,451	0	For
Capital Group	115,121,218	0	For
Goldman Sachs	87,122,031	0	For
Fidelity	84,003,341	0	For
Lazard	60,439,032	0	For
MFS	34,568,126	0	For
TIAA	30,291,437	0	For
T. Rowe Price	29,235,982	0	For
DWS	13,923,112	0	For
First Trust	13,896,888	0	For
Cohen & Steers	11,296,597	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	10,689,509	0	For
State Street	9,697,799	0	For
FRANKLIN MUTUAL SERIES FUNDS	8,827,890	0	For
Northern Trust	7,801,872	271,653	For
Franklin Custodian Funds	7,458,333	0	For
JPMorgan	6,691,582	0	For
BNY Mellon	5,897,102	0	For
Perpetual Americas Funds Trust	5,510,306	0	For
JANUS INVESTMENT FUND	4,789,837	0	For
Brighthouse	4,704,053	0	For
EUPAC FUND	4,319,961	0	For
Equitable	2,773,550	0	For
Nuveen	2,643,978	0	For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

22. Re-elect Martha Wyrsch as Director

DIRECTOR ELECTIONS

Meeting held 2025-07-09; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 94 asset managers below cast 100% of the shares they voted on this item FOR (878,428,714 for, 0 against).

FOR: 878,428,714 (100.0%)

Largest asset managers voting on “Re-elect Martha Wyrsch as Director” at National Grid Plc, 2025-2026
Asset manager	For	Vote
Vanguard	143,915,237	For
BlackRock	133,386,451	For
Capital Group	115,121,218	For
Goldman Sachs	87,122,031	For
Fidelity	84,003,341	For
Lazard	60,439,032	For
MFS	34,568,126	For
TIAA	30,291,437	For
T. Rowe Price	29,235,982	For
DWS	13,923,112	For
First Trust	13,896,888	For
Cohen & Steers	11,296,597	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	10,689,509	For
State Street	9,697,799	For
FRANKLIN MUTUAL SERIES FUNDS	8,827,890	For
Northern Trust	8,073,525	For
Franklin Custodian Funds	7,458,333	For
JPMorgan	6,691,582	For
BNY Mellon	5,897,102	For
Perpetual Americas Funds Trust	5,510,306	For
JANUS INVESTMENT FUND	4,789,837	For
Brighthouse	4,704,053	For
EUPAC FUND	4,319,961	For
Equitable	2,773,550	For
Nuveen	2,643,978	For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

23. Re-elect Paula Reynolds as Director

DIRECTOR ELECTIONS

Meeting held 2025-07-09; no official results are on file for this meeting.

99.8% fund support · no official result

FOR 99.5%

The 94 asset managers below cast 99.8% of the shares they voted on this item FOR (874,347,852 for, 1,631,142 against).

FOR: 874,347,852 (99.5%)AGAINST: 1,631,142 (0.2%)ABSTAIN: 2,449,720 (0.3%)

Largest asset managers voting on “Re-elect Paula Reynolds as Director” at National Grid Plc, 2025-2026
Asset manager	For	Against	Vote
Vanguard	143,915,237	0	For
BlackRock	133,386,451	0	For
Capital Group	115,121,218	0	For
Goldman Sachs	87,122,031	0	For
Fidelity	84,003,341	0	For
Lazard	60,439,032	0	For
MFS	34,568,126	0	For
TIAA	30,291,437	0	For
T. Rowe Price	29,235,982	0	For
DWS	13,923,112	0	For
First Trust	13,896,888	0	For
Cohen & Steers	11,296,597	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	10,689,509	0	For
State Street	9,697,799	0	For
FRANKLIN MUTUAL SERIES FUNDS	8,827,890	0	For
Northern Trust	7,801,872	271,653	For
Franklin Custodian Funds	7,458,333	0	For
JPMorgan	6,691,582	0	For
BNY Mellon	5,897,102	0	For
Perpetual Americas Funds Trust	5,510,306	0	For
JANUS INVESTMENT FUND	4,789,837	0	For
Brighthouse	4,704,053	0	For
EUPAC FUND	4,319,961	0	For
Equitable	2,773,550	0	For
Nuveen	2,643,978	0	For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

24. Re-elect Tony Wood as Director

DIRECTOR ELECTIONS

Meeting held 2025-07-09; no official results are on file for this meeting.

99.9% fund support · no official result

FOR 99.9%

The 94 asset managers below cast 99.9% of the shares they voted on this item FOR (878,067,938 for, 360,776 against).

FOR: 878,067,938 (100.0%)AGAINST: 360,776 (0.0%)

Largest asset managers voting on “Re-elect Tony Wood as Director” at National Grid Plc, 2025-2026
Asset manager	For	Against	Vote
Vanguard	143,915,237	0	For
BlackRock	133,386,451	0	For
Capital Group	115,121,218	0	For
Goldman Sachs	87,122,031	0	For
Fidelity	84,003,341	0	For
Lazard	60,439,032	0	For
MFS	34,568,126	0	For
TIAA	30,291,437	0	For
T. Rowe Price	29,235,982	0	For
DWS	13,923,112	0	For
First Trust	13,896,888	0	For
Cohen & Steers	11,296,597	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	10,689,509	0	For
State Street	9,697,799	0	For
FRANKLIN MUTUAL SERIES FUNDS	8,827,890	0	For
Northern Trust	7,801,872	271,653	For
Franklin Custodian Funds	7,458,333	0	For
JPMorgan	6,691,582	0	For
BNY Mellon	5,897,102	0	For
Perpetual Americas Funds Trust	5,510,306	0	For
JANUS INVESTMENT FUND	4,789,837	0	For
Brighthouse	4,704,053	0	For
EUPAC FUND	4,319,961	0	For
Equitable	2,773,550	0	For
Nuveen	2,643,978	0	For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

25. Reappoint Deloitte LLP as Auditors

AUDIT-RELATED

Meeting held 2025-07-09; no official results are on file for this meeting.

99.9% fund support · no official result

FOR 99.9%

The 94 asset managers below cast 99.9% of the shares they voted on this item FOR (877,944,300 for, 484,414 against).

FOR: 877,944,300 (99.9%)AGAINST: 484,414 (0.1%)

Largest asset managers voting on “Reappoint Deloitte LLP as Auditors” at National Grid Plc, 2025-2026
Asset manager	For	Vote
Vanguard	143,915,237	For
BlackRock	133,386,451	For
Capital Group	115,121,218	For
Goldman Sachs	87,122,031	For
Fidelity	84,003,341	For
Lazard	60,439,032	For
MFS	34,568,126	For
TIAA	30,291,437	For
T. Rowe Price	29,235,982	For
DWS	13,923,112	For
First Trust	13,896,888	For
Cohen & Steers	11,296,597	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	10,689,509	For
State Street	9,697,799	For
FRANKLIN MUTUAL SERIES FUNDS	8,827,890	For
Northern Trust	8,073,525	For
Franklin Custodian Funds	7,458,333	For
JPMorgan	6,691,582	For
BNY Mellon	5,897,102	For
Perpetual Americas Funds Trust	5,510,306	For
JANUS INVESTMENT FUND	4,789,837	For
Brighthouse	4,704,053	For
EUPAC FUND	4,319,961	For
Equitable	2,773,550	For
Nuveen	2,643,978	For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

26. Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment

CAPITAL STRUCTURE

Meeting held 2025-07-09; no official results are on file for this meeting.

99.3% fund support · no official result

FOR 99.3%

The 93 asset managers below cast 99.3% of the shares they voted on this item FOR (872,641,413 for, 5,778,400 against).

FOR: 872,641,413 (99.3%)AGAINST: 5,778,400 (0.7%)

Largest asset managers voting on “Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Invest” at National Grid Plc, 2025-2026
Asset manager	For	Against	Vote
Vanguard	143,915,237	0	For
BlackRock	133,386,451	0	For
Capital Group	115,121,218	0	For
Goldman Sachs	87,122,031	0	For
Fidelity	84,003,341	0	For
Lazard	60,439,032	0	For
MFS	34,568,126	0	For
TIAA	30,291,437	0	For
T. Rowe Price	29,235,982	0	For
DWS	13,923,112	0	For
First Trust	13,896,888	0	For
Cohen & Steers	11,296,597	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	10,689,509	0	For
State Street	9,697,799	0	For
FRANKLIN MUTUAL SERIES FUNDS	8,827,890	0	For
Northern Trust	8,073,525	0	For
Franklin Custodian Funds	7,458,333	0	For
JPMorgan	6,691,582	0	For
BNY Mellon	269,502	5,627,600	Against
Perpetual Americas Funds Trust	5,510,306	0	For
JANUS INVESTMENT FUND	4,789,837	0	For
Brighthouse	4,704,053	0	For
EUPAC FUND	4,319,961	0	For
Equitable	2,773,550	0	For
Nuveen	2,643,978	0	For

Showing the 25 largest of 93 asset managers. See all 93 in the interactive database.

27. TO APPROVE THE DIRECTORS REMUNERATION REPORT

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-07-09; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 62 asset managers below cast 100% of the shares they voted on this item FOR (232,616,657 for, 0 against).

FOR: 232,616,657 (100.0%)UNKNOWN: 36,991 (0.0%)

Largest asset managers voting on “TO APPROVE THE DIRECTORS REMUNERATION REPORT” at National Grid Plc, 2025-2026
Asset manager	For	Vote
BlackRock	192,269,736	For
1832 Asset Management L.P.	11,990,277	For
Six Circles Trust	5,638,158	For
Jackson National	5,213,465	For
John Hancock	4,705,087	For
Treasurer of the State of North Carolina	4,025,253	For
Korea Investment CORP	3,230,190	For
Bridge Builder Trust	742,451	For
CULLEN FUNDS TRUST	722,293	For
Brookfield Investment Funds	615,787	For
Northern Trust	507,928	For
Gabelli	506,220	For
CARILLON SERIES TRUST	338,312	For
TORTOISE ENERGY INFRASTRUCTURE CORP	300,253	For
Guardian Variable Products Trust	278,680	For
South Dakota Investment Council	181,955	For
MFG FUNDS, INC.	180,230	For
Jackson Real Assets Fund	172,467	For
Trium Capital LLP	162,066	For
Siemens Fonds Invest GmbH	161,567	For
Cullen Capital Management, LLC	154,066	For
Morningstar Funds Trust	134,598	For
Ativo Capital Management LLC	76,830	For
Dynasty Wealth Management, LLC	53,415	For
TRUST FOR PROFESSIONAL MANAGERS	43,157	For

Showing the 25 largest of 62 asset managers. See all 62 in the interactive database.

28. TO APPROVE THE DIRECTORS REMUNERATION POLICY

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-07-09; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 33 asset managers below cast 100% of the shares they voted on this item FOR (212,322,455 for, 0 against).

FOR: 212,322,455 (100.0%)UNKNOWN: 36,991 (0.0%)

Largest asset managers voting on “TO APPROVE THE DIRECTORS REMUNERATION POLICY” at National Grid Plc, 2025-2026
Asset manager	For	Vote
BlackRock	192,269,736	For
Six Circles Trust	5,638,158	For
Jackson National	5,213,465	For
John Hancock	4,705,087	For
Bridge Builder Trust	742,451	For
CULLEN FUNDS TRUST	722,293	For
Brookfield Investment Funds	615,787	For
Gabelli	505,420	For
CARILLON SERIES TRUST	338,312	For
TORTOISE ENERGY INFRASTRUCTURE CORP	300,253	For
Guardian Variable Products Trust	278,680	For
MFG FUNDS, INC.	180,230	For
Jackson Real Assets Fund	172,467	For
Trium Capital LLP	162,066	For
Morningstar Funds Trust	134,598	For
Janney Montgomery Scott LLC	115,790	For
Dynasty Wealth Management, LLC	53,415	For
TRUST FOR PROFESSIONAL MANAGERS	43,157	For
Pacer Funds Trust	42,051	For
ZEVIN ASSET MANAGEMENT LLC	0	Unknown
CANTOR FITZGERALD INFRASTRUCTURE FUND	21,135	For
PARADIGM ASSET MANAGEMENT CO LLC	18,000	For
Managed Account Series	17,396	For
MITCHELL & PAHL PRIVATE WEALTH, LLC	11,804	For
RBB FUND, INC.	8,184	For

Showing the 25 largest of 33 asset managers. See all 33 in the interactive database.

29. Remuneration Policy

COMPENSATION

Meeting held 2025-07-09; no official results are on file for this meeting.

99.6% fund support · no official result

FOR 99.6%

The 25 asset managers below cast 99.6% of the shares they voted on this item FOR (80,054,407 for, 289,119 against).

FOR: 80,054,407 (99.6%)AGAINST: 289,119 (0.4%)

Largest asset managers voting on “Remuneration Policy” at National Grid Plc, 2025-2026
Asset manager	For	Against	Vote
Federated Hermes	21,990,572	0	For
Vanguard	19,464,367	0	For
Charles Schwab	16,751,725	0	For
Union Investment Management GmbH	9,888,446	0	For
Prudential/PGIM	4,192,726	0	For
Russell Investments	1,687,767	0	For
IMPAX FUNDS SERIES TRUST I	1,419,026	0	For
Partners Group Private Equity Fund, LLC	1,150,321	0	For
Hartford	903,476	0	For
Fidelity	800,083	0	For
Datum One Series Trust	396,126	0	For
Brinker Capital Destinations Trust	367,658	0	For
DOMINI INVESTMENT TRUST	0	289,119	Against
IMPAX FUNDS SERIES TRUST III	230,753	0	For
Total Fund Solution	166,733	0	For
Equitable	151,761	0	For
SEI	137,742	0	For
Morgan Stanley	105,920	0	For
Global X	71,816	0	For
New York Life	56,056	0	For
Mercer Funds	42,548	0	For
Morningstar Funds Trust	40,772	0	For
Brighthouse	24,328	0	For
ETFis Series Trust I	10,679	0	For
Adviser Managed Trust	3,006	0	For

30. Remuneration Report

COMPENSATION

Meeting held 2025-07-09; no official results are on file for this meeting.

99.6% fund support · no official result

FOR 99.6%

The 25 asset managers below cast 99.6% of the shares they voted on this item FOR (80,054,407 for, 289,119 against).

FOR: 80,054,407 (99.6%)AGAINST: 289,119 (0.4%)

Largest asset managers voting on “Remuneration Report” at National Grid Plc, 2025-2026
Asset manager	For	Against	Vote
Federated Hermes	21,990,572	0	For
Vanguard	19,464,367	0	For
Charles Schwab	16,751,725	0	For
Union Investment Management GmbH	9,888,446	0	For
Prudential/PGIM	4,192,726	0	For
Russell Investments	1,687,767	0	For
IMPAX FUNDS SERIES TRUST I	1,419,026	0	For
Partners Group Private Equity Fund, LLC	1,150,321	0	For
Hartford	903,476	0	For
Fidelity	800,083	0	For
Datum One Series Trust	396,126	0	For
Brinker Capital Destinations Trust	367,658	0	For
DOMINI INVESTMENT TRUST	0	289,119	Against
IMPAX FUNDS SERIES TRUST III	230,753	0	For
Total Fund Solution	166,733	0	For
Equitable	151,761	0	For
SEI	137,742	0	For
Morgan Stanley	105,920	0	For
Global X	71,816	0	For
New York Life	56,056	0	For
Mercer Funds	42,548	0	For
Morningstar Funds Trust	40,772	0	For
Brighthouse	24,328	0	For
ETFis Series Trust I	10,679	0	For
Adviser Managed Trust	3,006	0	For

31. Accounts and Reports

CORPORATE GOVERNANCE

Meeting held 2025-07-09; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 24 asset managers below cast 100% of the shares they voted on this item FOR (70,455,080 for, 0 against).

FOR: 70,455,080 (100.0%)

Largest asset managers voting on “Accounts and Reports” at National Grid Plc, 2025-2026
Asset manager	For	Vote
Federated Hermes	21,990,572	For
Vanguard	19,464,367	For
Charles Schwab	16,751,725	For
Prudential/PGIM	4,192,726	For
Russell Investments	1,687,767	For
IMPAX FUNDS SERIES TRUST I	1,419,026	For
Partners Group Private Equity Fund, LLC	1,150,321	For
Hartford	903,476	For
Fidelity	800,083	For
Datum One Series Trust	396,126	For
Brinker Capital Destinations Trust	367,658	For
DOMINI INVESTMENT TRUST	289,119	For
IMPAX FUNDS SERIES TRUST III	230,753	For
Total Fund Solution	166,733	For
Equitable	151,761	For
SEI	137,742	For
Morgan Stanley	105,920	For
Global X	71,816	For
New York Life	56,056	For
Mercer Funds	42,548	For
Morningstar Funds Trust	40,772	For
Brighthouse	24,328	For
ETFis Series Trust I	10,679	For
Adviser Managed Trust	3,006	For

32. Amendment to Borrowing Limit

CAPITAL STRUCTURE

Meeting held 2025-07-09; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 24 asset managers below cast 100% of the shares they voted on this item FOR (70,455,080 for, 0 against).

FOR: 70,455,080 (100.0%)

Largest asset managers voting on “Amendment to Borrowing Limit” at National Grid Plc, 2025-2026
Asset manager	For	Vote
Federated Hermes	21,990,572	For
Vanguard	19,464,367	For
Charles Schwab	16,751,725	For
Prudential/PGIM	4,192,726	For
Russell Investments	1,687,767	For
IMPAX FUNDS SERIES TRUST I	1,419,026	For
Partners Group Private Equity Fund, LLC	1,150,321	For
Hartford	903,476	For
Fidelity	800,083	For
Datum One Series Trust	396,126	For
Brinker Capital Destinations Trust	367,658	For
DOMINI INVESTMENT TRUST	289,119	For
IMPAX FUNDS SERIES TRUST III	230,753	For
Total Fund Solution	166,733	For
Equitable	151,761	For
SEI	137,742	For
Morgan Stanley	105,920	For
Global X	71,816	For
New York Life	56,056	For
Mercer Funds	42,548	For
Morningstar Funds Trust	40,772	For
Brighthouse	24,328	For
ETFis Series Trust I	10,679	For
Adviser Managed Trust	3,006	For

33. Appointment of Auditor

AUDIT-RELATED

Meeting held 2025-07-09; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 24 asset managers below cast 100% of the shares they voted on this item FOR (70,455,080 for, 0 against).

FOR: 70,455,080 (100.0%)

Largest asset managers voting on “Appointment of Auditor” at National Grid Plc, 2025-2026
Asset manager	For	Vote
Federated Hermes	21,990,572	For
Vanguard	19,464,367	For
Charles Schwab	16,751,725	For
Prudential/PGIM	4,192,726	For
Russell Investments	1,687,767	For
IMPAX FUNDS SERIES TRUST I	1,419,026	For
Partners Group Private Equity Fund, LLC	1,150,321	For
Hartford	903,476	For
Fidelity	800,083	For
Datum One Series Trust	396,126	For
Brinker Capital Destinations Trust	367,658	For
DOMINI INVESTMENT TRUST	289,119	For
IMPAX FUNDS SERIES TRUST III	230,753	For
Total Fund Solution	166,733	For
Equitable	151,761	For
SEI	137,742	For
Morgan Stanley	105,920	For
Global X	71,816	For
New York Life	56,056	For
Mercer Funds	42,548	For
Morningstar Funds Trust	40,772	For
Brighthouse	24,328	For
ETFis Series Trust I	10,679	For
Adviser Managed Trust	3,006	For

34. Authorisation of Political Donations

OTHER SOCIAL ISSUES

Meeting held 2025-07-09; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 24 asset managers below cast 100% of the shares they voted on this item FOR (70,455,080 for, 0 against).

FOR: 70,455,080 (100.0%)

Largest asset managers voting on “Authorisation of Political Donations” at National Grid Plc, 2025-2026
Asset manager	For	Vote
Federated Hermes	21,990,572	For
Vanguard	19,464,367	For
Charles Schwab	16,751,725	For
Prudential/PGIM	4,192,726	For
Russell Investments	1,687,767	For
IMPAX FUNDS SERIES TRUST I	1,419,026	For
Partners Group Private Equity Fund, LLC	1,150,321	For
Hartford	903,476	For
Fidelity	800,083	For
Datum One Series Trust	396,126	For
Brinker Capital Destinations Trust	367,658	For
DOMINI INVESTMENT TRUST	289,119	For
IMPAX FUNDS SERIES TRUST III	230,753	For
Total Fund Solution	166,733	For
Equitable	151,761	For
SEI	137,742	For
Morgan Stanley	105,920	For
Global X	71,816	For
New York Life	56,056	For
Mercer Funds	42,548	For
Morningstar Funds Trust	40,772	For
Brighthouse	24,328	For
ETFis Series Trust I	10,679	For
Adviser Managed Trust	3,006	For

35. Authority to Issue Shares w/ Preemptive Rights

CAPITAL STRUCTURE

Meeting held 2025-07-09; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 24 asset managers below cast 100% of the shares they voted on this item FOR (70,455,080 for, 0 against).

FOR: 70,455,080 (100.0%)

Largest asset managers voting on “Authority to Issue Shares w/ Preemptive Rights” at National Grid Plc, 2025-2026
Asset manager	For	Vote
Federated Hermes	21,990,572	For
Vanguard	19,464,367	For
Charles Schwab	16,751,725	For
Prudential/PGIM	4,192,726	For
Russell Investments	1,687,767	For
IMPAX FUNDS SERIES TRUST I	1,419,026	For
Partners Group Private Equity Fund, LLC	1,150,321	For
Hartford	903,476	For
Fidelity	800,083	For
Datum One Series Trust	396,126	For
Brinker Capital Destinations Trust	367,658	For
DOMINI INVESTMENT TRUST	289,119	For
IMPAX FUNDS SERIES TRUST III	230,753	For
Total Fund Solution	166,733	For
Equitable	151,761	For
SEI	137,742	For
Morgan Stanley	105,920	For
Global X	71,816	For
New York Life	56,056	For
Mercer Funds	42,548	For
Morningstar Funds Trust	40,772	For
Brighthouse	24,328	For
ETFis Series Trust I	10,679	For
Adviser Managed Trust	3,006	For

36. Authority to Issue Shares w/o Preemptive Rights

CAPITAL STRUCTURE

Meeting held 2025-07-09; no official results are on file for this meeting.

98% fund support · no official result

FOR 98%

The 24 asset managers below cast 98% of the shares they voted on this item FOR (69,228,704 for, 1,226,376 against).

FOR: 69,228,704 (98.3%)AGAINST: 1,226,376 (1.7%)

Largest asset managers voting on “Authority to Issue Shares w/o Preemptive Rights” at National Grid Plc, 2025-2026
Asset manager	For	Against	Vote
Federated Hermes	21,990,572	0	For
Vanguard	19,464,367	0	For
Charles Schwab	16,751,725	0	For
Prudential/PGIM	2,966,350	1,226,376	For
Russell Investments	1,687,767	0	For
IMPAX FUNDS SERIES TRUST I	1,419,026	0	For
Partners Group Private Equity Fund, LLC	1,150,321	0	For
Hartford	903,476	0	For
Fidelity	800,083	0	For
Datum One Series Trust	396,126	0	For
Brinker Capital Destinations Trust	367,658	0	For
DOMINI INVESTMENT TRUST	289,119	0	For
IMPAX FUNDS SERIES TRUST III	230,753	0	For
Total Fund Solution	166,733	0	For
Equitable	151,761	0	For
SEI	137,742	0	For
Morgan Stanley	105,920	0	For
Global X	71,816	0	For
New York Life	56,056	0	For
Mercer Funds	42,548	0	For
Morningstar Funds Trust	40,772	0	For
Brighthouse	24,328	0	For
ETFis Series Trust I	10,679	0	For
Adviser Managed Trust	3,006	0	For

37. Authority to Issue Shares w/o Preemptive Rights (Specified Capital Investment)

CAPITAL STRUCTURE

Meeting held 2025-07-09; no official results are on file for this meeting.

98% fund support · no official result

FOR 98%

The 24 asset managers below cast 98% of the shares they voted on this item FOR (69,228,704 for, 1,226,376 against).

FOR: 69,228,704 (98.3%)AGAINST: 1,226,376 (1.7%)

Largest asset managers voting on “Authority to Issue Shares w/o Preemptive Rights (Specified Capital Investment)” at National Grid Plc, 2025-2026
Asset manager	For	Against	Vote
Federated Hermes	21,990,572	0	For
Vanguard	19,464,367	0	For
Charles Schwab	16,751,725	0	For
Prudential/PGIM	2,966,350	1,226,376	For
Russell Investments	1,687,767	0	For
IMPAX FUNDS SERIES TRUST I	1,419,026	0	For
Partners Group Private Equity Fund, LLC	1,150,321	0	For
Hartford	903,476	0	For
Fidelity	800,083	0	For
Datum One Series Trust	396,126	0	For
Brinker Capital Destinations Trust	367,658	0	For
DOMINI INVESTMENT TRUST	289,119	0	For
IMPAX FUNDS SERIES TRUST III	230,753	0	For
Total Fund Solution	166,733	0	For
Equitable	151,761	0	For
SEI	137,742	0	For
Morgan Stanley	105,920	0	For
Global X	71,816	0	For
New York Life	56,056	0	For
Mercer Funds	42,548	0	For
Morningstar Funds Trust	40,772	0	For
Brighthouse	24,328	0	For
ETFis Series Trust I	10,679	0	For
Adviser Managed Trust	3,006	0	For

38. Authority to Repurchase Shares

CAPITAL STRUCTURE

Meeting held 2025-07-09; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 24 asset managers below cast 100% of the shares they voted on this item FOR (70,455,080 for, 0 against).

FOR: 70,455,080 (100.0%)

Largest asset managers voting on “Authority to Repurchase Shares” at National Grid Plc, 2025-2026
Asset manager	For	Vote
Federated Hermes	21,990,572	For
Vanguard	19,464,367	For
Charles Schwab	16,751,725	For
Prudential/PGIM	4,192,726	For
Russell Investments	1,687,767	For
IMPAX FUNDS SERIES TRUST I	1,419,026	For
Partners Group Private Equity Fund, LLC	1,150,321	For
Hartford	903,476	For
Fidelity	800,083	For
Datum One Series Trust	396,126	For
Brinker Capital Destinations Trust	367,658	For
DOMINI INVESTMENT TRUST	289,119	For
IMPAX FUNDS SERIES TRUST III	230,753	For
Total Fund Solution	166,733	For
Equitable	151,761	For
SEI	137,742	For
Morgan Stanley	105,920	For
Global X	71,816	For
New York Life	56,056	For
Mercer Funds	42,548	For
Morningstar Funds Trust	40,772	For
Brighthouse	24,328	For
ETFis Series Trust I	10,679	For
Adviser Managed Trust	3,006	For

39. Authority to Set Auditor's Fees

AUDIT-RELATED

Meeting held 2025-07-09; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 24 asset managers below cast 100% of the shares they voted on this item FOR (70,455,080 for, 0 against).

FOR: 70,455,080 (100.0%)

Largest asset managers voting on “Authority to Set Auditor's Fees” at National Grid Plc, 2025-2026
Asset manager	For	Vote
Federated Hermes	21,990,572	For
Vanguard	19,464,367	For
Charles Schwab	16,751,725	For
Prudential/PGIM	4,192,726	For
Russell Investments	1,687,767	For
IMPAX FUNDS SERIES TRUST I	1,419,026	For
Partners Group Private Equity Fund, LLC	1,150,321	For
Hartford	903,476	For
Fidelity	800,083	For
Datum One Series Trust	396,126	For
Brinker Capital Destinations Trust	367,658	For
DOMINI INVESTMENT TRUST	289,119	For
IMPAX FUNDS SERIES TRUST III	230,753	For
Total Fund Solution	166,733	For
Equitable	151,761	For
SEI	137,742	For
Morgan Stanley	105,920	For
Global X	71,816	For
New York Life	56,056	For
Mercer Funds	42,548	For
Morningstar Funds Trust	40,772	For
Brighthouse	24,328	For
ETFis Series Trust I	10,679	For
Adviser Managed Trust	3,006	For

40. Authority to Set General Meeting Notice Period at 14 Days

CORPORATE GOVERNANCE

Meeting held 2025-07-09; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 24 asset managers below cast 100% of the shares they voted on this item FOR (70,455,080 for, 0 against).

FOR: 70,455,080 (100.0%)

Largest asset managers voting on “Authority to Set General Meeting Notice Period at 14 Days” at National Grid Plc, 2025-2026
Asset manager	For	Vote
Federated Hermes	21,990,572	For
Vanguard	19,464,367	For
Charles Schwab	16,751,725	For
Prudential/PGIM	4,192,726	For
Russell Investments	1,687,767	For
IMPAX FUNDS SERIES TRUST I	1,419,026	For
Partners Group Private Equity Fund, LLC	1,150,321	For
Hartford	903,476	For
Fidelity	800,083	For
Datum One Series Trust	396,126	For
Brinker Capital Destinations Trust	367,658	For
DOMINI INVESTMENT TRUST	289,119	For
IMPAX FUNDS SERIES TRUST III	230,753	For
Total Fund Solution	166,733	For
Equitable	151,761	For
SEI	137,742	For
Morgan Stanley	105,920	For
Global X	71,816	For
New York Life	56,056	For
Mercer Funds	42,548	For
Morningstar Funds Trust	40,772	For
Brighthouse	24,328	For
ETFis Series Trust I	10,679	For
Adviser Managed Trust	3,006	For

Showing the 40 reported items with the widest manager coverage, of 93 in total. View every item.

Largest National Grid Plc shareholders voting in 2025-2026

Ranked by the number of National Grid Plc shares each manager voted on the most widely held ballot item of the 2025-2026 meeting, shown as a share of the 5,132,617,708 shares outstanding at the time of that meeting.

Top National Grid Plc shareholders by shares voted, 2025-2026
#	Asset manager	% of shares outstanding
1	BlackRock	6.19%
2	Vanguard	2.80%
3	Capital Group	2.24%
4	Goldman Sachs	1.70%
5	Fidelity	1.64%
6	Lazard	1.18%
7	MFS	0.67%
8	TIAA	0.59%
9	T. Rowe Price	0.57%
10	APG Asset Management US Inc.	0.47%

Percentages above are of 5,132,617,708 shares outstanding, as reported by National Grid Plc on its Form 20-F dated 2025-03-31 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

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 National Grid Plc’s 20-F dated 2025-03-31. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At National Grid Plc's shareholder meeting held 2025-07-09, in the 2025-2026 proxy season, 191 asset managers reported how they voted in their SEC Form N-PX filings, covering 14,271 separate fund positions. Their filings are grouped here into 93 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — Approve Remuneration Report — the reporting funds cast 100% of the shares they voted in favour (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). That is the aggregate of those managers' own N-PX disclosures, not the company's certified result, and the funds are a subset of all shareholders.

National Grid Plc proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).