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Home / Families / Capital Group and American Funds / year to 30 June 2025

Form N-PX · fund family · year to 30 June 202547 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
140,349year to 30 June 2025
Against management
3.6%4,887 of 136,125 marked votes
Say-on-pay support
88.3%for, of for + against + abstain
Shareholder-proposal support
20.1%for, of for + against + abstain
93.0% for6.3% against0.8% other3.6% against management138,097 votes

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

In its Form N-PX for the year to 30 June 2025, Capital Group and American Funds listed 140,349 vote records. Votes against management made up 3.6% of those marked either way (4,887 of 136,125); the median of the fund families tracked here stood at 7.6%.

Weighted by the number of shares voted, the against-management share is 5.0%. The two figures differ when the votes against management fall on larger or smaller holdings than the rest.

On pay and on shareholder proposals: it voted for 88.3% of the section 14A say-on-pay items it reported (the median of the fund families tracked here: 88.8%) and it voted for 20.1% of the proposals put forward by security holders (the median of the fund families tracked here: 29.5%).

By category, votes against management were most frequent in SHAREHOLDER RIGHTS AND DEFENSES (45.0% of 260), SECTION 14A SAY-ON-PAY VOTES (12.1% of 6,530) and OTHER (10.6% of 576).

It reported 6.62 billion shares out on loan at record dates, 1.06% 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 2025This familyMedian familyAll filers pooled
Against-management share3.6%7.6%9.7%
Say-on-pay support rate88.3%88.8%84.3%
Shareholder-proposal support rate20.1%29.5%33.0%
Shares on loan, share of shares held1.06%0.85%2.20%
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 ELECTIONS73,96972,2331,2121.7%
SECTION 14A SAY-ON-PAY VOTES6,5525,49072412.1%
AUDIT-RELATED8,8818,818350.4%
SHAREHOLDER RIGHTS AND DEFENSES328225745.0%
EXTRAORDINARY TRANSACTIONS1,0761,022494.9%
CAPITAL STRUCTURE12,85411,6921,1549.3%
COMPENSATION12,69511,8188573.8%
CORPORATE GOVERNANCE20,73619,3941,3254.5%
ENVIRONMENT OR CLIMATE2,2424111,8311.4%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE7453044410.0%
DIVERSITY, EQUITY, AND INCLUSION1,3563511,0051.5%
OTHER SOCIAL ISSUES2,6017481,8531.9%
OTHER75139333210.6%

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 114 of the 746 it marked either way (15.3%) in the year to 30 June 2025. The 40 companies with the most reporting filers are listed.

A further 289 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 485 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 113 (23.3%). 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
Meta Platforms, Inc.28 May 2025A shareholder proposal regarding disclosure of voting results based on class of shares.
Meta Platforms, Inc.28 May 2025A shareholder proposal regarding report on child safety impacts and actual harm reduction to children.
Meta Platforms, Inc.28 May 2025A shareholder proposal regarding dual class capital structure.
The Home Depot, Inc.22 May 2025Shareholder Proposal Regarding Independent Board Chair
AbbVie Inc.9 May 2025Stockholder Proposal - to Implement Simple Majority Vote
Netflix, Inc.5 Jun 2025Shareholder proposal: CORPORATE GOVERNANCE
CHEVRON CORPORATION28 May 2025Allow Holders of 10 Percent of Our Common Stock to Call Special Meetings
Comcast Corporation18 Jun 2025Adopt policy for an independent chair
Texas Instruments Incorporated17 Apr 2025Stockholder proposal to permit a combined 10% of stockholders to call a special meeting.
NIKE, Inc.10 Sep 2024To consider a shareholder proposal regarding Supplemental Pay Equity Disclosure
Intuitive Surgical, Inc.1 May 2025The stockholder proposal that is titled "requesting a shareholder approval requirement for excessive...
Intel Corporation6 May 2025Stockholder proposal requesting shareholder right to act by written consent
Gilead Sciences, Inc.7 May 2025To vote on a stockholder proposal requesting an independent Board Chair policy
The Charles Schwab Corporation22 May 2025Stockholder proposal requesting declassification of the board of directors
DUKE ENERGY CORPORATION1 May 2025Shareholder proposal regarding support simple majority vote
United Parcel Service, Inc.8 May 2025To take steps to reduce the voting power of UPS class A stock from 10 votes per share to one vote per share.
PayPal Holdings, Inc.5 Jun 2025Stockholder Proposal - Reduce Threshold to Call Special Meetings of Stockholders.
Booking Holdings Inc.3 Jun 2025Reduce Ownership Threshold for Shareholders to Call Special Meeting
CVS Health Corporation15 May 2025Stockholder Proposal for Reducing the Threshold for Our Stockholder Right to Act By Written Consent.
THE SOUTHERN COMPANY21 May 2025Stockholder proposal regarding simple majority vote
Boston Scientific Corporation1 May 2025Stockholder proposal titled "Support Simple Majority Vote."
Prologis, Inc.8 May 2025Vote on a stockholder proposal titled "Support a Reasonable Shareholder Ability to Call for a Special...
Autodesk, Inc.16 Jul 2024To consider and vote upon a stockholder proposal, if properly presented at the Annual Meeting, to enable...
Air Products and Chemicals, Inc.23 Jan 2025The Mantle Ridge Parties' proposal to repeal any provision of, or amendment to, the Bylaws that the Board...
General Mills, Inc.24 Sep 2024Shareholder Proposal - Plastic Packaging.
Equinix, Inc.21 May 2025Consideration and vote upon a stockholder proposal, if properly presented at the Annual Meeting, related...
Airbnb, Inc.4 Jun 2025To consider one stockholder proposal regarding voting disclosure
The Kraft Heinz Company8 May 2025Stockholder Proposal - Adopt policy on independent board chair
Delta Air Lines, Inc.19 Jun 2025A shareholder proposal requesting the ability for shareholders to act by written consent.
IDEXX Laboratories, Inc.7 May 2025Declassify the Board of Directors
HCA Healthcare, Inc.24 Apr 2025Stockholder proposal, if properly presented at the meeting, regarding lavish golden parachutes.
Verisk Analytics, Inc.20 May 2025Shareholder Proposal - Support Shareholder Ability to call for a Shareholder Meeting.
AutoZone, Inc.18 Dec 2024Shareholder Proposal regarding Special Shareholder Meeting improvement
T. Rowe Price Group, Inc.8 May 2025Consider a stockholder proposal for a shareholder approval requirement for excessive golden parachutes.
IQVIA Holdings Inc.24 Apr 2025If properly presented, a stockholder proposal concerning special stockholder meetings.
Lennar Corporation9 Apr 2025Vote on a stockholder proposal on an Independent Board Chairman.
Snowflake Inc.2 Jul 2024To consider and vote on, if properly presented at the meeting, a non-binding stockholder proposal...
Keysight Technologies, Inc.20 Mar 2025Declassify the Board of Directors
CDW Corporation20 May 2025To consider and act upon the stockholder proposal, if properly presented at the meeting, regarding...
HubSpot, Inc.4 Jun 2025Adopt Simple Majority Vote

Shares on loan

Capital Group and American Funds reported 6.62 billion shares on loan at record dates against 619.27 billion shares voted: 1.06% of the two together. Median family: 0.85%. 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 2025 Capital Group and American Funds reported 6,219 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 5,490 were for (88.3%), 724 against and 5 abstentions. Counting one item per company meeting, it voted against management on 114 of the 746 say-on-pay items it marked either way. A further 289 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?

3.6% of the time in the year to 30 June 2025: 4,887 of the 136,125 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 1,862 votes on proposals from security holders in the year to 30 June 2025 and voted for 31 of them (1.7%). Across every category it voted for 20.1% 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 2025

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.