Annual Report of Proxy Voting Record of Registered Management Investment Company (PDF)

The U.S. Securities and Exchange Commission (SEC) has re-published its revised Form N-PX – Annual Report of Proxy Voting Record to be used for reporting periods ending on or after July 1, 2024. The revised form reflects the revisions made by final rule RIN 3235-AK67 (EventID 18899) which significantly enhanced the disclosure requirements on proxy voting, effective July 1, 2024.
Form N-PX must be filed annually by certain investment companies, including mutual funds, exchange-traded funds (ETFs), and other types of investment companies registered with the Commission. The form is used to disclose information about how the investment company voted on proxy proposals during the previous fiscal year. Specifically, the form requests (information on):
– the total number of proxy votes cast during the fiscal year;
– a description of each matter voted on, including the date of the vote, the name of the company or fund involved, and the specific proposal or issue that was voted on;
– the position taken by the investment company on each matter voted on; and
– the total number of votes cast for, against, and withheld, as well as the total number of abstentions and broker non-votes, for each matter voted on.
Form N-PX is intended to provide transparency to investors about how the fund manager is voting on important matters that may affect the companies‘ financial performance, governance, and social and environmental impact. By reviewing the N-PX form, investors can make more informed decisions about where to invest their money and can hold investment companies accountable for their voting decisions.