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Home / Families / Capital Group and American Funds / year to 30 June 2024

Form N-PX · fund family · year to 30 June 202443 filers grouped

Capital Group and American Funds

One season of the Capital Group and American Funds record. The family page shows the latest season.

Vote records reported
137,864year to 30 June 2024
Against management
3.7%4,902 of 132,137 marked votes
Say-on-pay support
86.0%for, of for + against + abstain
Shareholder-proposal support
18.6%for, of for + against + abstain
91.7% for7.5% against0.8% other3.7% against management133,570 votes

foragainstabstain, withhold or otheramber tick: the portion cast against management

In its Form N-PX for the year to 30 June 2024, Capital Group and American Funds listed 137,864 vote records. Votes against management made up 3.7% of those marked either way (4,902 of 132,137); the median of the fund families tracked here stood at 8.5%.

At least one vote record in this filing reports more shares than any holding can be, so share-weighted figures are left out for this filer. Its counts of votes are unaffected, and the rule is set out in the methodology.

On pay and on shareholder proposals: it voted for 86.0% of the section 14A say-on-pay items it reported (the median of the fund families tracked here: 89.0%) and it voted for 18.6% of the proposals put forward by security holders (the median of the fund families tracked here: 35.1%).

By category, votes against management were most frequent in SHAREHOLDER RIGHTS AND DEFENSES (32.0% of 259), SECTION 14A SAY-ON-PAY VOTES (12.4% of 6,383) and CAPITAL STRUCTURE (8.5% of 12,244).

It reported 8.06 billion shares out on loan at record dates, 0.00% of the shares it held or had lent across the meetings it reported. Shares on loan are not voted.

Compared with other filers

Each rate is defined once, in the methodology. The median is taken over 60 families with at least 25 vote records in the season.

year to 30 June 2024This familyMedian familyAll filers pooled
Against-management share3.7%8.5%10.2%
Say-on-pay support rate86.0%89.0%84.6%
Shareholder-proposal support rate18.6%35.1%37.0%
Shares on loan, share of shares heldwithheld1.34%0.08%
Largest families, year to 30 June 2026Against managementSay-on-pay supportShareholder-proposal support
Vanguard20.1%94.1%42.0%
BlackRock and iShares7.5%88.3%11.9%
Fidelity6.0%94.7%27.6%
Dimensional16.4%78.9%57.4%
State Street and SPDR16.9%77.1%50.4%

Votes by category

Filers choose one or more categories for each vote, so a vote can appear in more than one row. Category names are printed as Form N-PX defines them.

Category (as the form names it)VotesForAgainstAgainst managementSplit
DIRECTOR ELECTIONS70,62868,8381,4952.0%
SECTION 14A SAY-ON-PAY VOTES6,3884,92379312.4%
AUDIT-RELATED8,0407,967600.3%
SHAREHOLDER RIGHTS AND DEFENSES3092552532.0%
EXTRAORDINARY TRANSACTIONS802775263.4%
CAPITAL STRUCTURE12,25411,2749768.5%
COMPENSATION12,98511,9431,0123.8%
CORPORATE GOVERNANCE19,26917,9461,3144.8%
ENVIRONMENT OR CLIMATE2,2143341,8801.2%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE1,2792721,0072.3%
DIVERSITY, EQUITY, AND INCLUSION1,3172981,0194.3%
OTHER SOCIAL ISSUES3,1496852,4632.8%
OTHER1,1899452124.6%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 2024137,8643.7%86.0%18.6%
year to 30 June 2025140,3493.6%88.3%20.1%
year to 30 June 2026139,2243.9%85.2%29.2%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, Capital Group and American Funds voted against management on 117 of the 683 it marked either way (17.1%) in the year to 30 June 2024. The 40 companies with the most reporting filers are listed.

A further 314 say-on-pay items were reported without a management mark and are left out of both sides of that fraction.

Shareholder proposals it supported

Of 592 proposals from security holders that could be told apart in the filings and on which it cast a vote, Capital Group and American Funds voted for 125 (21.1%). The 40 at the companies with the most reporting filers are listed. Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.

CompanyMeetingProposal
Amazon.com, Inc.22 May 2024Shareholder proposal requesting a report on customer use of certain technologies
NVIDIA Corporation26 Jun 2024Advisory approval of a stockholder proposal to replace the supermajority voting provisions in our charter...
JPMorgan Chase & Co.21 May 2024Independent board chairman
AbbVie Inc.3 May 2024Stockholder Proposal - to Implement Simple Majority Vote
Pfizer Inc.25 Apr 2024Adopt an Independent Board Chair Policy
Verizon Communications Inc.9 May 2024Independent Board chair
Netflix, Inc.6 Jun 2024Stockholder proposal entitled, "Proposal 8 - Special Shareholder Meeting Improvement,"
NIKE, Inc.12 Sep 2023To consider a shareholder proposal regarding Supplemental Pay Equity Disclosure
Tesla, Inc.13 Jun 2024A stockholder proposal regarding simple majority voting provisions in our governing documents
Tesla, Inc.13 Jun 2024Declassify the Board of Directors
Danaher Corporation7 May 2024Reduce Ownership Threshold for Shareholders to Call Special Meeting
Bristol-Myers Squibb Company7 May 2024Require Independent Board Chair
Advanced Micro Devices, Inc.8 May 2024Stockholder proposal regarding special meeting right.
NextEra Energy, Inc.23 May 2024A proposal entitled "Climate Lobbying Report" requesting a report on the Company's lobbying and trade...
ConocoPhillips14 May 2024Simple Majority Vote.
Texas Instruments Incorporated25 Apr 2024Stockholder proposal to permit a combined 15% of stockholders to call a special meeting.
International Business Machines Corporation30 Apr 2024Stockholder Proposal Requesting a Right to Act by Written Consent
Target Corporation12 Jun 2024Shareholder proposal to adopt a policy for an independent board chair.
CATERPILLAR INC.12 Jun 2024Shareholder Proposal - Independent Board Chairman
American Tower Corporation22 May 2024To consider a stockholder proposal, if properly presented, regarding the ownership threshold required to...
American Tower Corporation22 May 2024To consider a stockholder proposal, if properly presented, regarding disclosure of racial and gender pay gaps.
Mondelez International, Inc.22 May 2024Shareholder proposal requesting Board adopt targets and publicly report quantitative metrics to eradicate...
Mondelez International, Inc.22 May 2024S/h proposal - establish independent chairman
HONEYWELL INTERNATIONAL INC.14 May 2024Shareowner Proposal - Independent Board Chairman.
United Parcel Service, Inc.2 May 2024To take steps to reduce the voting power of UPS class A stock from 10 votes per share to one vote per share.
ServiceNow, Inc.23 May 2024Shareholder proposal regarding simple majority vote.
LOCKHEED MARTIN CORPORATION2 May 2024Stockholder Proposal Requesting Reduction in Threshold to Call Special Stockholder Meetings
Colgate-Palmolive Company10 May 2024Stockholder proposal on independent Board Chairman.
Prologis, Inc.9 May 2024Vote on a stockholder proposal titled "Simple Majority Vote."
THE BOEING COMPANY17 May 2024Racial and Gender Pay Gap Disclosure.
Emerson Electric Co.6 Feb 2024Shareholder Proposal to Implement a Simple Majority Vote Requirement in the Company's Governing Documents.
The Cigna Group24 Apr 2024Shareholder proposal - improve the shareholder right to call a special shareholder meeting.
Vertex Pharmaceuticals Incorporated15 May 2024Shareholder proposal, if properly presented at the meeting, regarding special shareholder meeting improvement.
Analog Devices, Inc.13 Mar 2024Shareholder proposal regarding simple majority voting
DOW INC.11 Apr 2024Stockholder Proposal - Shareholder Right to Act by Written Consent
The Sherwin-Williams Company17 Apr 2024Shareholder proposal to adopt a simple majority vote.
Intercontinental Exchange, Inc.17 May 2024A stockholder proposal regarding independent board chairman
Marsh & McLennan Companies, Inc.16 May 2024Stockholder Proposal - Shareholder Right to Act by Written Consent
General Mills, Inc.26 Sep 2023Shareholder Proposal - Adopt a Shareholder Right to Call a Special Shareholder Meeting.
Ecolab Inc.2 May 2024Vote on a stockholder proposal regarding an independent board chair policy

Shares on loan

At least one vote record in this filing reports more shares than any holding can be, so no share figure is published for Capital Group and American Funds. The rule is set out in the methodology, and counts of votes are unaffected. Shares lent out at the record date cannot be voted by the lender, which is why Form N-PX asks for the figure. More on lending and votes.

Questions

How did Capital Group and American Funds vote on executive pay?

In the year to 30 June 2024 Capital Group and American Funds reported 5,722 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 4,923 were for (86.0%), 793 against and 6 abstentions. Counting one item per company meeting, it voted against management on 117 of the 683 say-on-pay items it marked either way. A further 314 say-on-pay items were reported without a management mark and are not counted in that figure.

How often does Capital Group and American Funds vote against management?

3.7% of the time in the year to 30 June 2024: 4,902 of the 132,137 votes it marked as for or against management. Form N-PX asks each filer to state, vote by vote, whether the vote was for or against management's recommendation; this figure counts those marks.

Did Capital Group and American Funds support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 1,907 votes on proposals from security holders in the year to 30 June 2024 and voted for 27 of them (1.4%). Across every category it voted for 18.6% of security-holder proposals. Filers choose the category for each vote, so the same proposal can sit in different categories in different filings.

Is this the result of the meetings?

No. Form N-PX shows how this filer voted the shares it held. It does not show how other shareholders voted or whether a proposal was approved. Companies report certified results separately, on Form 8-K.

Where does the data come from?

From the Form N-PX filings of the registrants and managers grouped under this family on the SEC's EDGAR system, read as filed. The SEC does not verify the contents. Amended filings (N-PX/A) replace the filings they amend. Data on this page runs through 23 Sep 2026.

Back to the Capital Group and American Funds family page · All filers in the year to 30 June 2024

Provenance: SEC EDGAR, Form N-PX and N-PX/A filings of the filers grouped under Capital Group and American Funds, read as filed and not verified by the SEC. Filings read through 23 Sep 2026; page built 26 Sep 2026.