DWS
Fund registrants and adviser entities grouped under DWS by this site's alias table
- Vote records reported
- 70,434year to 30 June 2026
- Against management
- 8.9%6,187 of 69,443 marked votes
- Say-on-pay support
- 85.5%for, of for + against + abstain
- Shareholder-proposal support
- 47.5%for, of for + against + abstain
foragainstabstain, withhold or otheramber tick: the portion cast against management
In its Form N-PX for the year to 30 June 2026, DWS listed 70,434 vote records. Votes against management made up 8.9% of those marked either way (6,187 of 69,443); the median of the fund families tracked here stood at 7.8%.
Weighted by the number of shares voted, the against-management share is 7.1%. 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 85.5% of the section 14A say-on-pay items it reported (the median of the fund families tracked here: 88.2%) and it voted for 47.5% 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 OTHER SOCIAL ISSUES (34.7% of 819), HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE (28.9% of 263) and SHAREHOLDER RIGHTS AND DEFENSES (21.4% of 262).
It reported 183.2 million shares out on loan at record dates, 2.38% 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 2026 | This family | Median family | All filers pooled |
|---|---|---|---|
| Against-management share | 8.9% | 7.8% | 10.6% |
| Say-on-pay support rate | 85.5% | 88.2% | 86.0% |
| Shareholder-proposal support rate | 47.5% | 30.7% | 33.9% |
| Shares on loan, share of shares held | 2.38% | 1.53% | 3.12% |
| Largest families, year to 30 June 2026 | Against management | Say-on-pay support | Shareholder-proposal support |
|---|---|---|---|
| Vanguard | 20.1% | 94.1% | 42.0% |
| BlackRock and iShares | 7.5% | 88.3% | 11.9% |
| Fidelity | 6.0% | 94.7% | 27.6% |
| Dimensional | 16.4% | 78.9% | 57.4% |
| State Street and SPDR | 16.9% | 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) | Votes | For | Against | Against management | Split |
|---|---|---|---|---|---|
| DIRECTOR ELECTIONS | 42,792 | 39,628 | 1,123 | 7.1% | |
| SECTION 14A SAY-ON-PAY VOTES | 6,946 | 5,475 | 932 | 14.2% | |
| AUDIT-RELATED | 5,681 | 5,642 | 36 | 0.5% | |
| INVESTMENT COMPANY MATTERS | 3 | 3 | 0 | 0.0% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 276 | 221 | 44 | 21.4% | |
| EXTRAORDINARY TRANSACTIONS | 535 | 490 | 45 | 7.3% | |
| CAPITAL STRUCTURE | 3,143 | 2,959 | 184 | 7.1% | |
| COMPENSATION | 3,885 | 3,103 | 753 | 20.0% | |
| CORPORATE GOVERNANCE | 6,448 | 5,688 | 709 | 14.2% | |
| ENVIRONMENT OR CLIMATE | 595 | 158 | 437 | 10.8% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 263 | 148 | 115 | 28.9% | |
| DIVERSITY, EQUITY, AND INCLUSION | 322 | 99 | 223 | 8.4% | |
| OTHER SOCIAL ISSUES | 819 | 418 | 401 | 34.7% | |
| OTHER | 105 | 64 | 41 | 1.3% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 72,313 | 9.7% | 89.0% | 62.3% | |
| year to 30 June 2025 | 71,246 | 8.8% | 88.4% | 46.6% | |
| year to 30 June 2026 | 70,434 | 8.9% | 85.5% | 47.5% |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, DWS voted against management on 329 of the 2,476 it marked either way (13.3%) in the year to 30 June 2026. The 40 companies with the most reporting filers are listed.
A further 2 say-on-pay items were reported without a management mark and are left out of both sides of that fraction.
- Alphabet Inc. 5 Jun 2026
- Broadcom Inc. 20 Apr 2026
- Oracle Corporation 18 Nov 2025
- Berkshire Hathaway Inc. 2 May 2026
- Thermo Fisher Scientific Inc. 20 May 2026
- Tesla, Inc. 6 Nov 2025
- Advanced Micro Devices, Inc. 13 May 2026
- Salesforce, Inc. 28 May 2026
- Wells Fargo & Company 28 Apr 2026
- ServiceNow, Inc. 21 May 2026
- Adobe Inc. 15 Apr 2026
- Intuitive Surgical, Inc. 30 Apr 2026
- The Goldman Sachs Group, Inc. 29 Apr 2026
- Citigroup Inc. 20 May 2026
- Comcast Corporation 10 Jun 2026
- PALANTIR TECHNOLOGIES INC. 3 Jun 2026
- Palo Alto Networks, Inc. 9 Dec 2025
- BlackRock, Inc. 20 May 2026
- Arista Networks, Inc. 29 May 2026
- Prologis, Inc. 28 Apr 2026
- WARNER BROS. DISCOVERY, INC. 23 Apr 2026
- WARNER BROS. DISCOVERY, INC. 9 Jun 2026
- Vertex Pharmaceuticals Incorporated 13 May 2026
- PayPal Holdings, Inc. 19 May 2026
- T-Mobile US, Inc. 16 Jun 2026
- FedEx Corporation 29 Sep 2025
- The Bank of New York Mellon Corporation 14 Apr 2026
- Dell Technologies Inc. 25 Jun 2026
- Welltower Inc. 21 May 2026
- Marvell Technology, Inc. 25 Jun 2026
- Cadence Design Systems, Inc. 7 May 2026
- Snowflake Inc. 2 Jul 2025
- Snowflake Inc. 29 Jun 2026
- VIATRIS INC. 15 May 2026
- Regeneron Pharmaceuticals, Inc. 12 Jun 2026
- Simon Property Group, Inc. 13 May 2026
- Autodesk, Inc. 17 Jun 2026
- Howmet Aerospace Inc. 19 May 2026
- AppLovin Corporation 3 Jun 2026
- eBay Inc. 17 Jun 2026
Shareholder proposals it supported
Of 487 proposals from security holders that could be told apart in the filings and on which it cast a vote, DWS voted for 238 (48.9%). 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.
| Company | Meeting | Proposal |
|---|---|---|
| Microsoft Corporation | 5 Dec 2025 | Report on Human Rights Due Diligence |
| Microsoft Corporation | 5 Dec 2025 | Report on Al and Machine Learning Tools for Oil and Gas Development and Production |
| Microsoft Corporation | 5 Dec 2025 | Report on Al Data Usage Oversight |
| Microsoft Corporation | 5 Dec 2025 | Report on Data Operations in Human Rights Hotspots |
| NVIDIA Corporation | 24 Jun 2026 | Approval of a non-binding stockholder proposal requesting the replacement of supermajority voting... |
| Alphabet Inc. | 5 Jun 2026 | Shareholder proposal regarding a report on AI data usage oversight |
| Alphabet Inc. | 5 Jun 2026 | Shareholder proposal regarding a report on AI-generated misinformation |
| Alphabet Inc. | 5 Jun 2026 | Shareholder proposal regarding a report on data privacy |
| Alphabet Inc. | 5 Jun 2026 | Shareholder proposal regarding AI Board oversight |
| Alphabet Inc. | 5 Jun 2026 | Shareholder proposal regarding equal shareholder voting |
| Visa Inc. | 27 Jan 2026 | Shareholder proposal on shareholder right to act by written consent. |
| Visa Inc. | 27 Jan 2026 | Shareholder proposal on report on online sexual exploitation. |
| JPMorgan Chase & Co. | 19 May 2026 | Independent board chairman |
| Mastercard Incorporated | 16 Jun 2026 | Consideration of a stockholder proposal regarding shareholder right to act by written consent |
| Eli Lilly and Company | 4 May 2026 | Shareholder proposal to prepare an annual lobbying report. |
| Eli Lilly and Company | 4 May 2026 | Shareholder proposal to adopt a policy and amend the bylaws to require an independent board chair. |
| AbbVie Inc. | 8 May 2026 | Stockholder Proposal - to Adopt a Policy to Require an Independent Chair |
| Netflix, Inc. | 4 Jun 2026 | Stockholder proposal entitled, "Proposal 4 - Shareholder Right to Act by Written Consent," |
| The Home Depot, Inc. | 21 May 2026 | Shareholder Proposal Regarding Report on Customer Data Privacy Risks |
| The Home Depot, Inc. | 21 May 2026 | Shareholder Proposal Regarding Report on Sufficiency of Associates' Access to Healthcare |
| Merck & Co., Inc. | 26 May 2026 | Shareholder proposal regarding a report on political contributions. |
| Bank of America Corporation | 4 May 2026 | Shareholder proposal requesting independent board chair |
| Walmart Inc. | 4 Jun 2026 | Report on Workplace Health and Safety Governance |
| Walmart Inc. | 4 Jun 2026 | Human rights or human capital/workforce |
| Berkshire Hathaway Inc. | 2 May 2026 | Shareholder proposal requesting that the Company issue a report disclosing the Board's oversight framework... |
| PEPSICO, INC. | 6 May 2026 | Shareholder Proposal - Report Evaluating the Treatment of Animals within Supply Chain. |
| The Coca-Cola Company | 29 Apr 2026 | Vote on a shareowner proposal requesting a report on risks related to ingredients |
| The Coca-Cola Company | 29 Apr 2026 | Vote on a shareowner proposal requesting a report on the Company's plans to increase sustainability disclosure |
| Tesla, Inc. | 6 Nov 2025 | A shareholder proposal regarding adopting targets and reporting on metrics to assess the feasibility of... |
| Tesla, Inc. | 6 Nov 2025 | A shareholder proposal to seek shareholder approval before adopting an amendment to the bylaws pursuant to... |
| Tesla, Inc. | 6 Nov 2025 | Declassify the Board of Directors |
| Tesla, Inc. | 6 Nov 2025 | A shareholder proposal requesting a child labor audit. |
| Tesla, Inc. | 6 Nov 2025 | Shareholder proposal: CORPORATE GOVERNANCE |
| Advanced Micro Devices, Inc. | 13 May 2026 | Stockholder proposal requesting changes to the stockholder right to call a special meeting. |
| McDonald's Corporation | 20 May 2026 | Advisory Vote on Shareholders' Right to Act by Written Consent. |
| NextEra Energy, Inc. | 21 May 2026 | Report on Plans to Reduce and Align GHG Emissions with Paris Agreement Goals |
| QUALCOMM Incorporated | 17 Mar 2026 | Stockholder proposal entitled "Shareholder Ability to Call for a Special Meeting." |
| International Business Machines Corporation | 28 Apr 2026 | Stockholder Proposal Requesting a Right to Act by Written Consent |
| CATERPILLAR INC. | 10 Jun 2026 | Shareholder Proposal - Shareholder Right to Act by Written Consent |
| AT&T INC. | 14 May 2026 | Shareholder Right to Act by Written Consent |
Shares on loan
DWS reported 183.2 million shares on loan at record dates against 7.53 billion shares voted: 2.38% 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.
Filers grouped under this family
Grouping is by registrant and manager name, from a hand-maintained table. See the methodology.
| Filer | Type | Vote records, year to 30 June 2026 |
|---|---|---|
| DEUTSCHE DWS INVESTMENTS VIT FUNDS | fund registrant | 22,724 |
| DEUTSCHE DWS INVESTMENT TRUST | fund registrant | 7,217 |
| DEUTSCHE DWS EQUITY 500 INDEX PORTFOLIO | fund registrant | 6,591 |
| DEUTSCHE DWS VARIABLE SERIES II | fund registrant | 6,121 |
| DEUTSCHE DWS VARIABLE SERIES I | fund registrant | 5,440 |
| DEUTSCHE DWS INTERNATIONAL FUND, INC. | fund registrant | 4,659 |
| DEUTSCHE DWS MARKET TRUST | fund registrant | 4,215 |
| DEUTSCHE DWS GLOBAL/INTERNATIONAL FUND, INC. | fund registrant | 4,095 |
| DEUTSCHE DWS ASSET ALLOCATION TRUST | fund registrant | 3,638 |
| DEUTSCHE DWS SECURITIES TRUST | fund registrant | 3,583 |
| DWS INVESTMENT MANAGEMENT AMERICAS, INC | institutional manager | 2,019 |
| DEUTSCHE DWS INCOME TRUST | fund registrant | 114 |
| DEUTSCHE DWS STATE TAX-FREE INCOME SERIES | fund registrant | 7 |
| DEUTSCHE DWS MUNICIPAL TRUST | fund registrant | 6 |
| DEUTSCHE DWS MONEY FUNDS | fund registrant | 5 |
| DEUTSCHE DWS PORTFOLIO TRUST | fund registrant | 0 |
| DEUTSCHE DWS TAX FREE TRUST | fund registrant | 0 |
| DWS STRATEGIC MUNICIPAL INCOME TRUST | fund registrant | 0 |
Questions
How did DWS vote on executive pay?
In the year to 30 June 2026 DWS reported 6,407 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 5,475 were for (85.5%), 932 against and 0 abstentions. Counting one item per company meeting, it voted against management on 329 of the 2,476 say-on-pay items it marked either way. A further 2 say-on-pay items were reported without a management mark and are not counted in that figure.
How often does DWS vote against management?
8.9% of the time in the year to 30 June 2026: 6,187 of the 69,443 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 DWS support shareholder proposals on climate?
In the category ENVIRONMENT OR CLIMATE it reported 501 votes on proposals from security holders in the year to 30 June 2026 and voted for 64 of them (12.8%). Across every category it voted for 47.5% 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.
Provenance: SEC EDGAR, Form N-PX and N-PX/A filings of the filers listed above, read as filed and not verified by the SEC. Filings read through 23 Sep 2026; page built 26 Sep 2026.