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Asset manager stewardship reports

Most large asset managers publish an annual stewardship report: their own account of how they voted, which companies they engaged with and why. This page lists each manager’s reports by year, with a link to every document where it is published. The firms’ voting guidelines are in the voting policy library, and their actual votes, from Form N‑PX, are on the manager pages.

63Managers
80Manager-years
October 13, 2026Last checked
About these documents

AllianceBernstein · Allianz Global Investors · Amundi · APG AM · Aviva Investors · AXA IM · Baillie Gifford · BlackRock · BNP Paribas AM · Brandywine Global · Calvert · Capital Group · Charles Schwab · ClearBridge Investments · Cohen and Steers · Columbia Threadneedle · Dimensional · Dodge and Cox · DWS · Eastspring Investments · Federated Hermes · Fidelity · Fidelity International · First Sentier Investors · Franklin Templeton · Goldman Sachs AM · HSBC AM · Impax AM · Invesco · Janus Henderson · JP Morgan AM · Lazard AM · LGIM · Loomis Sayles · M&G Investments · Macquarie AM · Manulife IM · MFS · Mirabaud AM · Morgan Stanley IM · Neuberger Berman · Newton IM · Nikko AM · Nomura AM · Nordea AM · Norges Bank IM · Northern Trust · Nuveen TIAA · NY State Common Retirement · PGIM · Pictet AM · PIMCO · Principal · RBC GAM · Robeco · Russell Investments · Schroders · State Street · T. Rowe Price · TD Asset Management · UBS AM · Vanguard · Wellington · Glass Lewis · ISS Governance

AllianceBernstein

How it voted · Voting policy
2025 Stewardship report
UK Stewardship Code filing (FRC), filed by AllianceBernstein L.P. · PDF, 2.3 MB · frc.org.uk

Allianz Global Investors

How it voted · Voting policy
2025 Activities and Outcomes Report
UK Stewardship Code filing (FRC), filed by Allianz Global Investors · PDF, 4.1 MB · frc.org.uk
Also: Policy and Context Disclosure · UK Stewardship Code filing (FRC), filed by Allianz Global Investors · PDF, 1.6 MB · frc.org.uk

Amundi

Voting policy
2024 Stewardship report
UK Stewardship Code filing (FRC), filed by Amundi · PDF, 6.1 MB · frc.org.uk
2024 Stewardship Overview
Firm-wide report published by APG Asset Management · assetmanagement.apg.nl

Aviva Investors

Voting policy
2025 Stewardship report
UK Stewardship Code filing (FRC), filed by Aviva Investors · PDF, 12.8 MB · frc.org.uk

AXA IM

Voting policy
2024 Stewardship Report
Firm-wide report published by AXA Investment Managers · PDF, 6.5 MB · core.axa-im.com

Baillie Gifford

How it voted · Voting policy
2025 Activities and Outcomes Report
UK Stewardship Code filing (FRC), filed by Baillie Gifford and Co · PDF, 7.2 MB · frc.org.uk
Also: Policy and Context Disclosure · UK Stewardship Code filing (FRC), filed by Baillie Gifford and Co · PDF, 2.3 MB · frc.org.uk
2025 Investment Stewardship Annual Report
Firm-wide report published by BlackRock Investment Stewardship · PDF, 4.8 MB · blackrock.com
Also: Stewardship report · UK Stewardship Code filing (FRC), filed by BlackRock Inc · PDF, 8.0 MB · frc.org.uk

BNP Paribas AM

Voting policy
2025 Stewardship report
UK Stewardship Code filing (FRC), filed by BNP Paribas Asset Management · PDF, 7.6 MB · frc.org.uk

Brandywine Global

Voting policy
2024 Stewardship report
UK Stewardship Code filing (FRC), filed by Brandywine Global Investment Management · PDF, 29.1 MB · frc.org.uk
2024 Stewardship Report
Firm-wide report published by Calvert Research and Management · PDF, 3.6 MB · calvert.com · archived copy

Capital Group

How it voted · Voting policy
2025 Stewardship report
UK Stewardship Code filing (FRC), filed by Capital Group · PDF, 3.9 MB · frc.org.uk

Charles Schwab

How it voted · Voting policy
2025 Investment Stewardship Report
Firm-wide report published by Schwab Asset Management · schwabassetmanagement.com · not checked automatically: the publisher’s site refuses automated requests
2024 Investment Stewardship Report
Firm-wide report published by Schwab Asset Management · schwabassetmanagement.com · archived copy
2023 Investment Stewardship Report
Firm-wide report published by Schwab Asset Management · schwabassetmanagement.com · archived copy
2022 Investment Stewardship Report
Firm-wide report published by Schwab Asset Management · schwabassetmanagement.com · archived copy
2021 Investment Stewardship Report
Firm-wide report published by Schwab Asset Management · schwabassetmanagement.com · archived copy
2020 Investment Stewardship Report
Firm-wide report published by Schwab Asset Management · schwabassetmanagement.com · archived copy
2019 Investment Stewardship Report
Firm-wide report published by Schwab Asset Management · schwabassetmanagement.com · archived copy

ClearBridge Investments

Voting policy
2025 Stewardship report
UK Stewardship Code filing (FRC), filed by ClearBridge Investments · PDF, 4.3 MB · frc.org.uk

Cohen and Steers

How it voted · Voting policy
2024 Stewardship report
UK Stewardship Code filing (FRC), filed by Cohen and Steers UK Limited · PDF, 24.8 MB · frc.org.uk

Columbia Threadneedle

How it voted · Voting policy
2025 Stewardship report
UK Stewardship Code filing (FRC), filed by Columbia Threadneedle Investments · PDF, 9.4 MB · frc.org.uk

Dimensional

How it voted · Voting policy
2025 Annual Stewardship Report
Firm-wide report published by Dimensional Fund Advisors · PDF, 445 KB · dimensional.com
Also: Stewardship report · UK Stewardship Code filing (FRC), filed by Dimensional Fund Advisors Ltd · PDF, 570 KB · frc.org.uk

Dodge and Cox

Voting policy
2025 Stewardship report
UK Stewardship Code filing (FRC), filed by Dodge and Cox · PDF, 9.1 MB · frc.org.uk
2025 DWS Stewardship Report
Firm-wide report published by DWS Investment GmbH · PDF, 10.7 MB · download.dws.com
2024 Stewardship report
UK Stewardship Code filing (FRC), filed by DWS Investments UK Limited · PDF, 11.6 MB · frc.org.uk

Eastspring Investments

Voting policy
2025 Responsible Investment Report
Firm-wide report published by Eastspring Investments · PDF, 19.6 MB · eastspring.com

Federated Hermes

How it voted · Voting policy
2025 Activities and Outcomes Report
UK Stewardship Code filing (FRC), filed by Federated Hermes Limited · PDF, 4.9 MB · frc.org.uk
Also: Policy and Context Disclosure · UK Stewardship Code filing (FRC), filed by Federated Hermes Limited · PDF, 2.1 MB · frc.org.uk
2025 Sustainable Investing and Stewardship Update
Firm-wide report published by Fidelity Investments · PDF, 1.8 MB · fidelity.com

Fidelity International

Voting policy
2025 Activities and Outcomes Report
UK Stewardship Code filing (FRC), filed by Fidelity International · PDF, 7.9 MB · frc.org.uk
Also: Policy and Context Disclosure · UK Stewardship Code filing (FRC), filed by Fidelity International · PDF, 2.7 MB · frc.org.uk

First Sentier Investors

Voting policy
2025 Stewardship report
UK Stewardship Code filing (FRC), filed by First Sentier Investors · PDF, 6.3 MB · frc.org.uk

Franklin Templeton

How it voted · Voting policy
2025 Stewardship report
UK Stewardship Code filing (FRC), filed by Franklin Templeton · PDF, 5.5 MB · frc.org.uk

Goldman Sachs AM

How it voted · Voting policy
2025 Stewardship Report
Firm-wide report published by Goldman Sachs Asset Management · PDF, 3.7 MB · am.gs.com
Also: Stewardship report · UK Stewardship Code filing (FRC), filed by Goldman Sachs Asset Management · PDF, 1.4 MB · frc.org.uk

HSBC AM

Voting policy
2025 Activities and Outcomes Report
UK Stewardship Code filing (FRC), filed by HSBC Global Asset Management (UK) Ltd · PDF, 3.4 MB · frc.org.uk
Also: Policy and Context Disclosure · UK Stewardship Code filing (FRC), filed by HSBC Global Asset Management (UK) Ltd · PDF, 765 KB · frc.org.uk

Impax AM

Voting policy
2025 Stewardship report
UK Stewardship Code filing (FRC), filed by Impax Asset Management · PDF, 8.4 MB · frc.org.uk
2024 Global Stewardship Report
Firm-wide report published by Invesco · PDF, 6.9 MB · invesco.com
Also: Stewardship report · UK Stewardship Code filing (FRC), filed by Invesco Asset Management Limited · PDF, 9.7 MB · frc.org.uk

Janus Henderson

How it voted · Voting policy
2025 Stewardship report
UK Stewardship Code filing (FRC), filed by Janus Henderson Investors · PDF, 22.3 MB · frc.org.uk

JP Morgan AM

How it voted · Voting policy
2025 Investment Stewardship Report
Firm-wide report published by J.P. Morgan Asset Management · PDF, 4.3 MB · am.jpmorgan.com
Also: Activities and Outcomes Report · UK Stewardship Code filing (FRC), filed by J.P. Morgan Asset Management · PDF, 4.5 MB · frc.org.uk
Also: Policy and Context Disclosure · UK Stewardship Code filing (FRC), filed by J.P. Morgan Asset Management · PDF, 1.0 MB · frc.org.uk
2025 Stewardship report
UK Stewardship Code filing (FRC), filed by Lazard Asset Management · PDF, 2.9 MB · frc.org.uk
2025 Stewardship report
UK Stewardship Code filing (FRC), filed by Legal & General Investment Management · PDF, 11.0 MB · frc.org.uk

Loomis Sayles

Voting policy
2025 Stewardship report
UK Stewardship Code filing (FRC), filed by Loomis, Sayles and Company, L.P., and Loomis Sayles Investments, Limited · PDF, 70.0 MB · frc.org.uk

M&G Investments

Voting policy
2025 Activities and Outcomes Report
UK Stewardship Code filing (FRC), filed by M&G Investments · PDF, 6.3 MB · frc.org.uk
Also: Policy and Context Disclosure · UK Stewardship Code filing (FRC), filed by M&G Investments · PDF, 1.0 MB · frc.org.uk

Macquarie AM

How it voted · Voting policy
2025 Stewardship report
UK Stewardship Code filing (FRC), filed by Macquarie Asset Management · PDF, 2.3 MB · frc.org.uk

Manulife IM

Voting policy
2024 Stewardship report
UK Stewardship Code filing (FRC), filed by Manulife Investment Management Europe Limited · PDF, 15.0 MB · frc.org.uk
2025 Stewardship report
UK Stewardship Code filing (FRC), filed by MFS Investment Management · PDF, 18.8 MB · frc.org.uk

Mirabaud AM

Voting policy
2025 Activities and Outcomes Report
UK Stewardship Code filing (FRC), filed by Mirabaud Asset Management Limited · PDF, 3.0 MB · frc.org.uk
Also: Policy and Context Disclosure · UK Stewardship Code filing (FRC), filed by Mirabaud Asset Management Limited · PDF, 3.0 MB · frc.org.uk

Morgan Stanley IM

How it voted · Voting policy
2025 Stewardship report
UK Stewardship Code filing (FRC), filed by Morgan Stanley Investment Management · PDF, 13.2 MB · frc.org.uk

Neuberger Berman

How it voted · Voting policy
2024 Stewardship report
UK Stewardship Code filing (FRC), filed by Neuberger Berman Europe Limited · PDF, 3.1 MB · frc.org.uk

Newton IM

Voting policy
2025 Stewardship report
UK Stewardship Code filing (FRC), filed by Newton Investment Management · PDF, 9.6 MB · frc.org.uk

Nikko AM

Voting policy
2025 Stewardship report
UK Stewardship Code filing (FRC), filed by Amova Asset Management · PDF, 5.6 MB · frc.org.uk

Nomura AM

Voting policy
2025 Activities and Outcomes Report
UK Stewardship Code filing (FRC), filed by Nomura Asset Management U.K. Limited · PDF, 3.5 MB · frc.org.uk
Also: Policy and Context Disclosure · UK Stewardship Code filing (FRC), filed by Nomura Asset Management U.K. Limited · PDF, 3.6 MB · frc.org.uk

Nordea AM

Voting policy
2025 Activities and Outcomes Report
UK Stewardship Code filing (FRC), filed by Nordea Asset Management · PDF, 2.0 MB · frc.org.uk
Also: Policy and Context Disclosure · UK Stewardship Code filing (FRC), filed by Nordea Asset Management · PDF, 1.5 MB · frc.org.uk

Norges Bank IM

Voting policy
2025 Responsible Investment
Firm-wide report published by Norges Bank Investment Management · nbim.no
2024 Responsible Investment
Firm-wide report published by Norges Bank Investment Management · nbim.no
2023 Responsible Investment
Firm-wide report published by Norges Bank Investment Management · nbim.no
2022 Responsible Investment
Firm-wide report published by Norges Bank Investment Management · nbim.no

Northern Trust

How it voted · Voting policy
2025 Stewardship report
UK Stewardship Code filing (FRC), filed by Northern Trust Asset Management · PDF, 1.1 MB · frc.org.uk

Nuveen TIAA

How it voted · Voting policy
2024 Stewardship report
UK Stewardship Code filing (FRC), filed by Nuveen LLC · PDF, 7.6 MB · frc.org.uk

NY State Common Retirement

Voting policy
2025 Corporate Governance Stewardship Report
Firm-wide report published by New York State Common Retirement Fund · PDF, 4.6 MB · osc.ny.gov
2024 Corporate Governance Stewardship Report
Firm-wide report published by New York State Common Retirement Fund · PDF, 13.8 MB · osc.ny.gov
2023 Corporate Governance Stewardship Report
Firm-wide report published by New York State Common Retirement Fund · PDF, 5.5 MB · osc.ny.gov
2022 Corporate Governance Stewardship Report
Firm-wide report published by New York State Common Retirement Fund · PDF, 535 KB · osc.ny.gov
2021 Corporate Governance Stewardship Report
Firm-wide report published by New York State Common Retirement Fund · PDF, 351 KB · osc.ny.gov
2020 Corporate Governance Stewardship Report
Firm-wide report published by New York State Common Retirement Fund · PDF, 764 KB · osc.ny.gov
2024 Stewardship report
UK Stewardship Code filing (FRC), filed by PGIM Fixed Income · PDF, 11.7 MB · frc.org.uk
Also: Stewardship report · UK Stewardship Code filing (FRC), filed by PGIM Real Estate · PDF, 16.1 MB · frc.org.uk

Pictet AM

Voting policy
2025 Activities and Outcomes Report
UK Stewardship Code filing (FRC), filed by Pictet Asset Management · PDF, 301 KB · frc.org.uk
Also: Policy and Context Disclosure · UK Stewardship Code filing (FRC), filed by Pictet Asset Management · PDF, 301 KB · frc.org.uk
2024 Stewardship report
UK Stewardship Code filing (FRC), filed by PIMCO Europe Ltd · PDF, 1.8 MB · frc.org.uk
2024 Stewardship report
UK Stewardship Code filing (FRC), filed by Principal Asset Management · PDF, 6.5 MB · frc.org.uk
2025 Stewardship report
UK Stewardship Code filing (FRC), filed by RBC Global Asset Management · PDF, 3.0 MB · frc.org.uk

Robeco

Voting policy
2025 Stewardship report
UK Stewardship Code filing (FRC), filed by Robeco Institutional Asset Management B.V. · PDF, 5.3 MB · frc.org.uk

Russell Investments

How it voted · Voting policy
2025 Activities and Outcomes Report
UK Stewardship Code filing (FRC), filed by Russell Investments · PDF, 5.9 MB · frc.org.uk
Also: Policy and Context Disclosure · UK Stewardship Code filing (FRC), filed by Russell Investments · PDF, 3.2 MB · frc.org.uk

Schroders

Voting policy
2025 Stewardship report
UK Stewardship Code filing (FRC), filed by Schroders · PDF, 7.1 MB · frc.org.uk

State Street

How it voted · Voting policy
2025 Stewardship Report
Firm-wide report published by State Street Investment Management · PDF, 1.1 MB · ssga.com
Also: Stewardship report · UK Stewardship Code filing (FRC), filed by State Street Investment Management · PDF, 1.1 MB · frc.org.uk

T. Rowe Price

How it voted · Voting policy
2025 Stewardship report
UK Stewardship Code filing (FRC), filed by T. Rowe Price · PDF, 6.4 MB · frc.org.uk

TD Asset Management

How it voted · Voting policy
2025 Sustainable Investment and Climate Report
Firm-wide report published by TD Asset Management Inc. · PDF, 2.7 MB · td.com
2025 Activities and Outcomes Report
UK Stewardship Code filing (FRC), filed by UBS Asset Management (UK) Ltd · PDF, 5.9 MB · frc.org.uk
Also: Policy and Context Disclosure · UK Stewardship Code filing (FRC), filed by UBS Asset Management (UK) Ltd · PDF, 1.7 MB · frc.org.uk
2025 Investment Stewardship Annual Report
Firm-wide report published by Vanguard · PDF, 265 KB · corporate.vanguard.com
Also: Stewardship report · UK Stewardship Code filing (FRC), filed by Vanguard Asset Management, Limited · PDF, 488 KB · frc.org.uk

Wellington

Voting policy
2025 Stewardship report
UK Stewardship Code filing (FRC), filed by Wellington Management Company LLP · PDF, 11.0 MB · frc.org.uk

Glass Lewis (proxy adviser)

Voting policy
2025 Stewardship report
UK Stewardship Code filing (FRC), filed by Glass Lewis and Co. LLC · PDF, 1.8 MB · frc.org.uk

ISS Governance (proxy adviser)

Voting policy
2024 Stewardship report
UK Stewardship Code filing (FRC), filed by Institutional Shareholder Services Inc. · PDF, 2.2 MB · frc.org.uk

No annual stewardship report is listed here for the other firms in the voting policy library: American Century, AQR Capital, Artisan Partners, BMO GAM, BNY Mellon, CalPERS, CPP Investments, Harbor Capital, Lord Abbett, Natixis IM, New York Life IM, Ontario Teachers, Putnam, Sprucegrove, Victory Capital, Voya IM, WisdomTree, Zurich Insurance. Some report on stewardship inside other documents, such as an annual report, fund reports or a sustainability report.