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New Mexico

New Mexico has two main public pension funds:

The PERA board represents all eligible public employees; the board consists of 12 members: 2 Ex Officio (Secretary of State, State Treasurer); 4 elected by state members; 4 elected by municipal members; 2 elected by PERA retirees.
The NMERB represents public school teachers and employees and consists of 9 members: the State Treasurer, 2 members appointed by the Governor, 2 members appointed by the National Education Association of New Mexico, 1 member appointed by the Public Education Department, 1 member appointed by the Department of Higher Education, 1 member appointed by the American Association of University Professors, and 1 member appointed by the American Federation of Teachers.
- The NMERB discloses its specific proxy voting records through this website.

The first table shows the aggregated proxy voting records of the state’s asset managers, who manage the pension’s stock market portfolio either through mutual funds or ETFs, and are therefore exercising proxy voting privileges as well. The second table shows the state’s publicly disclosed proxy voting records for public securities that it directly owns through pension fund portfolios. Both of these tables are necessary to reflect an accurate and comprehensive picture of the state’s proxy voting records.

By Asset Manager

ACM Funds

Percentage of times Mgr. voted “for” pro-ESG proposals:

0%

BlackRock Funds

Percentage of times Mgr. voted “for” pro-ESG proposals:

7%

Neuberger Berman Funds

Percentage of times Mgr. voted “for” pro-ESG proposals:

29%

PIMCO Funds

Percentage of times Mgr. voted “for” pro-ESG proposals:

85%

Principal Funds

Percentage of times Mgr. voted “for” pro-ESG proposals:

46%

UBS Funds

Percentage of times Mgr. voted “for” pro-ESG proposals:

48%

Blackstone Funds

Percentage of times Mgr. voted “for” pro-ESG proposals:

84%

RBC Funds

Percentage of times Mgr. voted “for” pro-ESG proposals:

37%

Brookfield Funds

Percentage of times Mgr. voted “for” pro-ESG proposals:

48%

Kayne Anderson Funds

Percentage of times Mgr. voted “for” pro-ESG proposals:

29%

Asset Manager Voting

Pro-ESG

25.9%

Anti-ESG

1.7%

Anti-Fossil Fuels

26%

Anti-Pollution/Waste

29%

Animal Rights

20%

DEI

25%

Weapons/Defense

17%

Human Rights

28%

Income Equality

31%

Political Speech/Lobbying Spending

32%

Health Care

18%

Race/Gender targets on Boards

45%

Non-Pecuniary

15%

ESG-Focused Governance

17%

Abortion

15%

Pro-Fossil Fuel

2%

Equality not DEI

1%

Controversial Cause Support

1%

Geopolitical Rivals/China

2%

State Voting

Pro-ESG

47%

Anti-ESG

2%

Anti-Fossil Fuel

45%

Anti-Pollution/Waste

64%

Animal Rights

44%

DEI

43%

Weapons/Defense

20%

Human Rights

45%

Income Equality

77%

Political Speech/Lobbying Spending

71%

Health Care

28%

Race/Gender targets on Boards

100%

Non-Pecuniary Corporate Purpose

0%

ESG-Focused Governance

22%

Abortion

10%

Pro-Fossil Fuel

0%

Equality not DEI

4%

Controversial Cause Support

0%

Geopolitical Rivals/China

0%

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