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Home / Families / DWS / year to 30 June 2025

Form N-PX · fund family · year to 30 June 202517 filers grouped

DWS

One season of the DWS record. The family page shows the latest season.

Vote records reported
71,246year to 30 June 2025
Against management
8.8%6,187 of 70,196 marked votes
Say-on-pay support
88.4%for, of for + against + abstain
Shareholder-proposal support
46.6%for, of for + against + abstain
89.7% for6.1% against4.3% other8.8% against management70,781 votes

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

In its Form N-PX for the year to 30 June 2025, DWS listed 71,246 vote records. Votes against management made up 8.8% of those marked either way (6,187 of 70,196); the median of the fund families tracked here stood at 7.6%.

Weighted by the number of shares voted, the against-management share is 5.7%. 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 88.4% of the section 14A say-on-pay items it reported (the median of the fund families tracked here: 88.8%) and it voted for 46.6% 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 HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE (69.6% of 253), OTHER SOCIAL ISSUES (35.8% of 993) and INVESTMENT COMPANY MATTERS (30.8% of 26).

It reported 97.2 million shares out on loan at record dates, 0.88% 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 share8.8%7.6%9.7%
Say-on-pay support rate88.4%88.8%84.3%
Shareholder-proposal support rate46.6%29.5%33.0%
Shares on loan, share of shares held0.88%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 ELECTIONS44,22840,7451,0387.3%
SECTION 14A SAY-ON-PAY VOTES6,7145,48972211.7%
AUDIT-RELATED5,7055,692130.1%
INVESTMENT COMPANY MATTERS2618430.8%
SHAREHOLDER RIGHTS AND DEFENSES220194928.0%
EXTRAORDINARY TRANSACTIONS379341369.0%
CAPITAL STRUCTURE3,1242,9301947.3%
COMPENSATION4,0493,25477718.2%
CORPORATE GOVERNANCE5,4894,75269310.9%
ENVIRONMENT OR CLIMATE87721466314.6%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE2532371669.6%
DIVERSITY, EQUITY, AND INCLUSION5601124489.1%
OTHER SOCIAL ISSUES99349549835.8%
OTHER10366356.2%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 202472,3139.7%89.0%62.3%
year to 30 June 202571,2468.8%88.4%46.6%
year to 30 June 202670,4348.9%85.5%47.5%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, DWS voted against management on 290 of the 2,423 it marked either way (12.0%) in the year to 30 June 2025. The 40 companies with the most reporting filers are listed.

A further 7 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 554 proposals from security holders that could be told apart in the filings and on which it cast a vote, DWS voted for 265 (47.8%). 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
Microsoft Corporation10 Dec 2024Report on Data Operations in Human Rights Hotspots
Microsoft Corporation10 Dec 2024Report on AI Misinformation and Disinformation
Microsoft Corporation10 Dec 2024Report on Artificial Intelligence and Machine Learning Tools for Oil and Gas Development and Production
Microsoft Corporation10 Dec 2024Report on AI Data Sourcing Accountability
Amazon.com, Inc.21 May 2025Shareholder proposal requesting a report on warehouse working conditions
Amazon.com, Inc.21 May 2025Shareholder proposal requesting an assessment of board structure for oversight of AI
Amazon.com, Inc.21 May 2025Shareholder proposal requesting a report on data dosage oversight in AI offerings
Apple Inc.25 Feb 2025A shareholder proposal entitled "Report on Ethical AI Data Acquisition and Usage"
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 hate targeting marginalized communities.
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 report on Al data usage oversight.
Meta Platforms, Inc.28 May 2025A shareholder proposal regarding report on data collection and advertising practices.
Meta Platforms, Inc.28 May 2025Report on Combatting Risks of Online Child Exploitation
Meta Platforms, Inc.28 May 2025A shareholder proposal regarding dual class capital structure.
Visa Inc.28 Jan 2025Shareholder proposal on transparency in lobbying.
JPMorgan Chase & Co.20 May 2025Support for an independent board chairman
Johnson & Johnson24 Apr 2025Produce a human rights impact assessment
AbbVie Inc.9 May 2025Stockholder Proposal - to Implement Simple Majority Vote
Merck & Co., Inc.27 May 2025Shareholder proposal regarding a human rights impact assessment.
Merck & Co., Inc.27 May 2025Shareholder proposal regarding a tax transparency report.
Bank of America Corporation22 Apr 2025Report on Climate Lobbying
The Procter & Gamble Company8 Oct 2024Shareholder Proposal - Pay Gap Reporting
Netflix, Inc.5 Jun 2025Shareholder proposal: CORPORATE GOVERNANCE
The Walt Disney Company20 Mar 2025Shareholder proposal, if properly presented at the meeting, requesting a report on climate risks to...
Walmart Inc.5 Jun 2025Health and Safety Governance
Walmart Inc.5 Jun 2025Request for Third-Party Assessment of Company Policies Regarding Law Enforcement Information Requests...
CHEVRON CORPORATION28 May 2025Commission a Third-Party Report on Human Rights Practices
CHEVRON CORPORATION28 May 2025Allow Holders of 10 Percent of Our Common Stock to Call Special Meetings
PEPSICO, INC.7 May 2025Shareholder Proposal - Third-Party Assessment on Non-Sugar Sweetener Risks.
Adobe Inc.22 Apr 2025Stockholder Proposal Regarding Vote on Golden Parachutes.
The Coca-Cola Company30 Apr 2025Vote on shareowner proposal regarding an assessment of non-sugar sweeteners
Oracle Corporation14 Nov 2024S/H Proposal - Environmental
Verizon Communications Inc.22 May 2025Climate lobbying alignment
QUALCOMM Incorporated18 Mar 2025S/H Proposal - Corporate Governance
Comcast Corporation18 Jun 2025Adopt policy for an independent chair
International Business Machines Corporation29 Apr 2025Stockholder Proposal to Support Transparency in Lobbying
Wells Fargo & Company29 Apr 2025Shareholder Proposal - Annual Report on Prevention of Workplace Harassment and Discrimination.
Wells Fargo & Company29 Apr 2025Shareholder Proposal - Report on Respecting Indigenous Peoples' Rights.
RTX CORPORATION1 May 2025Shareowner Proposal Requesting a Lobbying Transparency Report

Shares on loan

DWS reported 97.2 million shares on loan at record dates against 11.00 billion shares voted: 0.88% 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 DWS vote on executive pay?

In the year to 30 June 2025 DWS reported 6,211 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 5,489 were for (88.4%), 722 against and 0 abstentions. Counting one item per company meeting, it voted against management on 290 of the 2,423 say-on-pay items it marked either way. A further 7 say-on-pay items were reported without a management mark and are not counted in that figure.

How often does DWS vote against management?

8.8% of the time in the year to 30 June 2025: 6,187 of the 70,196 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 791 votes on proposals from security holders in the year to 30 June 2025 and voted for 128 of them (16.2%). Across every category it voted for 46.6% 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 DWS 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 DWS, read as filed and not verified by the SEC. Filings read through 23 Sep 2026; page built 26 Sep 2026.