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State Street Materials Select Sector SPDR ETF (XLB) proxy voting record 2026
Three of its ballots from this season. Vote first, then see what it did with the shares your savings paid for.
The question on the ballot
As filed
Select Sector Spdr Trust files this fund's proxy votes with the SEC once a year. This is what it did with the shares your retirement savings paid for.
SourceProxy-voting record filed by Select Sector Spdr Trust on 2026-08-12 · open the filing
TickerXLB (State Street(R) Materials Select Sector SPDR(R) ETF) · as listed in its latest SEC filing of proxy votes
How it voted, by issue
Fund companies sometimes file the same proposal under different subjects. So that funds can be compared, each proposal is counted under the subject most of the filings we read gave it, the same for every fund on this site. On management's own executive pay resolutions, this fund voted in favour 100% of the time across 22 votes.
| Issue | Proposals faced | Backed | Share backed |
|---|---|---|---|
| Climate & environment | 1 | 0 | 0% |
| Executive pay | 1 | 0 | 0% |
| Corporate governance | 5 | 1 | 20% |
| Other social issues | 1 | 1 | 100% |
Ballots it voted
Linde Plc · 29 July 2025 · put on the ballot by shareholder · Climate & environment
Should Linde say whether its lobbying matches the climate targets it announces?
Shareholders asked the company to report on whether its own lobbying — and the lobbying done by the trade associations it funds — is consistent with the climate goals it publishes.
AGAINST State Street Materials Select Sector SPDR ETF voted with 2,067,613 shares
“A shareholder proposal requesting an annual report regarding the alignment of the Company's direct and indirect lobbying activities with the Company's 2050 climate neutrality ambition.”
SourceSelect Sector Spdr Trust, Form N-PX filed 2026-08-12 · accession 0001193125-26-345236 · series S000006414 · open the filing
CF Industries Holdings, Inc. · 28 April 2026 · put on the ballot by shareholder · Executive pay
Should shareholders get a vote before CF Industries Holdings pays a departing executive?
Shareholders asked the company to seek shareholder approval for any severance package to a senior executive above a set multiple of salary and bonus — so that very large exit payments cannot be agreed by the board alone.
AGAINST State Street Materials Select Sector SPDR ETF voted with 1,126,947 shares
“Shareholder proposal regarding shareholder approval requirement for excessive golden parachutes, if properly presented at the meeting.”
SourceSelect Sector Spdr Trust, Form N-PX filed 2026-08-12 · accession 0001193125-26-345236 · series S000006414 · open the filing
PPG Industries, Inc. · 16 April 2026 · put on the ballot by shareholder
Should the person who runs PPG Industries also chair the board that supervises them?
Shareholders asked the company to require that the chair of the board be an independent director rather than the chief executive, so that the body overseeing management is not led by the person being overseen.
AGAINST State Street Materials Select Sector SPDR ETF voted with 1,551,733 shares
“Shareholder proposal to adopt a policy requiring an independent board chair, if properly presented”
SourceSelect Sector Spdr Trust, Form N-PX filed 2026-08-12 · accession 0001193125-26-345236 · series S000006414 · open the filing
Ecolab Inc. · 7 May 2026 · put on the ballot by shareholder
Should the person who runs Ecolab also chair the board that supervises them?
Shareholders asked the company to require that the chair of the board be an independent director rather than the chief executive, so that the body overseeing management is not led by the person being overseen.
AGAINST State Street Materials Select Sector SPDR ETF voted with 1,083,434 shares
“Vote on a stockholder proposal regarding an independent board chair policy, if properly presented at the meeting.”
SourceSelect Sector Spdr Trust, Form N-PX filed 2026-08-12 · accession 0001193125-26-345236 · series S000006414 · open the filing
Steel Dynamics, Inc. · 6 May 2026 · put on the ballot by shareholder · Social
Should Steel Dynamics disclose the politics its money pays for?
Shareholders asked the company to publish its political spending — direct contributions and money routed through trade associations and other third parties — and whether that spending matches the values the company states publicly.
FOR State Street Materials Select Sector SPDR ETF voted with 1,146,327 shares
“SHAREHOLDER PROPOSAL - AVOID POLITICAL SPENDING BRAND DAMAGE”
SourceSelect Sector Spdr Trust, Form N-PX filed 2026-08-12 · accession 0001193125-26-345236 · series S000006414 · open the filing
Other funds Select Sector Spdr Trust votes
The same filer reports these alongside this one, in the same annual filing.
No 401(k) plan we index offers this fund. Its record is here because the fund files it with the SEC, as every fund must: whoever holds it, in an IRA, a brokerage account or a plan we have not indexed, the fund votes those shares as shown on this page.