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Home / Families / Capital Group and American Funds / year to 30 June 2026

Form N-PX · fund family · year to 30 June 202652 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
139,224year to 30 June 2026
Against management
3.9%5,369 of 136,559 marked votes
Say-on-pay support
85.2%for, of for + against + abstain
Shareholder-proposal support
29.2%for, of for + against + abstain
93.6% for5.7% against0.6% other3.9% against management138,063 votes

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

In its Form N-PX for the year to 30 June 2026, Capital Group and American Funds listed 139,224 vote records. Votes against management made up 3.9% of those marked either way (5,369 of 136,559); the median of the fund families tracked here stood at 7.8%.

Weighted by the number of shares voted, the against-management share is 5.8%. 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 85.2% of the section 14A say-on-pay items it reported (the median of the fund families tracked here: 88.2%) and it voted for 29.2% of the proposals put forward by security holders (the median of the fund families tracked here: 30.7%).

By category, votes against management were most frequent in SHAREHOLDER RIGHTS AND DEFENSES (31.2% of 362), SECTION 14A SAY-ON-PAY VOTES (14.7% of 6,325) and OTHER (12.7% of 551).

It reported 9.55 billion shares out on loan at record dates, 1.72% 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 2026This familyMedian familyAll filers pooled
Against-management share3.9%7.8%10.6%
Say-on-pay support rate85.2%88.2%86.0%
Shareholder-proposal support rate29.2%30.7%33.9%
Shares on loan, share of shares held1.72%1.53%3.12%
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 ELECTIONS73,39671,9181,0771.7%
SECTION 14A SAY-ON-PAY VOTES6,3255,07988314.7%
AUDIT-RELATED9,4349,343800.2%
INVESTMENT COMPANY MATTERS171700.0%
SHAREHOLDER RIGHTS AND DEFENSES39525310931.2%
EXTRAORDINARY TRANSACTIONS912842697.7%
CAPITAL STRUCTURE12,81211,7951,0138.5%
COMPENSATION12,84912,0976944.6%
CORPORATE GOVERNANCE22,27320,6471,6056.3%
ENVIRONMENT OR CLIMATE1,6263461,2800.1%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE8122995130.7%
DIVERSITY, EQUITY, AND INCLUSION9443126322.0%
OTHER SOCIAL ISSUES2,3566831,6731.0%
OTHER73445124212.7%

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 131 of the 700 it marked either way (18.7%) in the year to 30 June 2026. The 40 companies with the most reporting filers are listed.

A further 1 say-on-pay item was reported without a management mark and are left out of both sides of that fraction.

Shareholder proposals it supported

Of 438 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 141 (32.2%). 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
NVIDIA Corporation24 Jun 2026Approval of a non-binding stockholder proposal requesting the replacement of supermajority voting...
Alphabet Inc.5 Jun 2026Shareholder proposal regarding equal shareholder voting
Visa Inc.27 Jan 2026Shareholder proposal on shareholder right to act by written consent.
Mastercard Incorporated16 Jun 2026Consideration of a stockholder proposal regarding shareholder right to act by written consent
Eli Lilly and Company4 May 2026Shareholder proposal to adopt a policy and amend the bylaws to require an independent board chair.
AbbVie Inc.8 May 2026Stockholder Proposal - to Adopt a Policy to Require an Independent Chair
Netflix, Inc.4 Jun 2026Stockholder proposal entitled, "Proposal 4 - Shareholder Right to Act by Written Consent,"
The Home Depot, Inc.21 May 2026Shareholder Proposal Regarding Independent Board Chair
Berkshire Hathaway Inc.2 May 2026Shareholder proposal requesting that the Company issue a report disclosing the Board's oversight framework...
PEPSICO, INC.6 May 2026Shareholder Proposal - Independent Board Chair.
Tesla, Inc.6 Nov 2025A shareholder proposal to amend the bylaws to repeal 3% derivative suit ownership threshold.
Tesla, Inc.6 Nov 2025A shareholder proposal to seek shareholder approval before adopting an amendment to the bylaws pursuant to...
Tesla, Inc.6 Nov 2025Declassify the Board of Directors
Tesla, Inc.6 Nov 2025Shareholder proposal: CORPORATE GOVERNANCE
McDonald's Corporation20 May 2026Advisory Vote to Adopt Policy for an Independent Chair.
McDonald's Corporation20 May 2026Advisory Vote on Shareholders' Right to Act by Written Consent.
QUALCOMM Incorporated17 Mar 2026Stockholder proposal entitled "Shareholder Ability to Call for a Special Meeting."
International Business Machines Corporation28 Apr 2026Stockholder Proposal Requesting a Right to Act by Written Consent
CATERPILLAR INC.10 Jun 2026Shareholder Proposal - Shareholder Right to Act by Written Consent
Pfizer Inc.23 Apr 2026Adopt an Independent Chair Policy
AT&T INC.14 May 2026EEO-1 Report Disclosure Policy
AT&T INC.14 May 2026Shareholder Right to Act by Written Consent
Wells Fargo & Company28 Apr 2026Shareholder Proposal - Govern by Majority Vote.
ServiceNow, Inc.21 May 2026Shareholder proposal regarding shareholder right to act by written consent.
Texas Instruments Incorporated16 Apr 2026Stockholder proposal to permit stockholders to act by written consent.
Bristol-Myers Squibb Company5 May 2026Require Independent Board Chair
ConocoPhillips12 May 2026Stockholder Proposal - Independent Board Chairman.
The Goldman Sachs Group, Inc.29 Apr 2026Shareholder Proposal Regarding Special Shareholder Meeting Thresholds
Lowe's Companies, Inc.29 May 2026Shareholder Proposal requesting an independent board chairman.
HONEYWELL INTERNATIONAL INC.22 May 2026Shareowner Proposal - Shareholder Right to Act by Written Consent.
Comcast Corporation10 Jun 2026Adopt policy to have an independent chair
Gilead Sciences, Inc.30 Apr 2026To vote on a stockholder proposal requesting an independent Board Chair policy
PALANTIR TECHNOLOGIES INC.3 Jun 2026Stockholder proposal entitled "Political Spending Disclosure,"
S&P Global Inc.20 May 2026Vote on a shareholder proposal to reduce the stock ownership threshold for calling a special shareholder...
Deere & Company25 Feb 2026Shareholder proposal on shareholder right to act by written consent
Starbucks Corporation25 Mar 2026Shareholder proposal requesting supermajority shareholder voting requirements be replaced with majority...
THE BOEING COMPANY17 Apr 2026Action by Written Consent.
LOCKHEED MARTIN CORPORATION12 May 2026Stockholder Proposal Requiring Independent Board Chairman
Micron Technology, Inc.15 Jan 2026Reduce Ownership Threshold for Shareholders to Call Special Meeting
Palo Alto Networks, Inc.9 Dec 2025To consider and vote upon a shareholder proposal, if properly presented at the Annual Meeting, regarding...

Shares on loan

Capital Group and American Funds reported 9.55 billion shares on loan at record dates against 544.88 billion shares voted: 1.72% of the two together. Median family: 1.53%. 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 2026 Capital Group and American Funds reported 5,962 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 5,079 were for (85.2%), 883 against and 0 abstentions. Counting one item per company meeting, it voted against management on 131 of the 700 say-on-pay items it marked either way. A further 1 say-on-pay item was reported without a management mark and are not counted in that figure.

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

3.9% of the time in the year to 30 June 2026: 5,369 of the 136,559 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 1,282 votes on proposals from security holders in the year to 30 June 2026 and voted for 2 of them (0.2%). Across every category it voted for 29.2% 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 2026

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.