Proxying fund shareholders is often seen as a necessary evil in order to make significant changes to a fund, or, in some cases, liquidate it.

Two mutual fund advisors have recently proposed major changes to their funds - but told shareholders that their votes won't carry any weight. In both cases, the funds' advisors, distributors, executives, managers, and board members collectively own enough shares of each fund to win passage of the proposals, without one single other shareholder vote being cast.

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