Vote Scores

Home / Families / First Trust

Form N-PX · fund family15 filers grouped

First Trust

Fund registrants and adviser entities grouped under First Trust by this site's alias table

Vote records reported
214,757year to 30 June 2026
Against management
8.0%12,688 of 159,132 marked votes
Say-on-pay support
87.7%for, of for + against + abstain
Shareholder-proposal support
33.8%for, of for + against + abstain
89.4% for6.9% against3.7% other8.0% against management215,698 votes

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

In its Form N-PX for the year to 30 June 2026, First Trust listed 214,757 vote records. Votes against management made up 8.0% of those marked either way (12,688 of 159,132); the median of the fund families tracked here stood at 7.8%.

Weighted by the number of shares voted, the against-management share is 9.3%. 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 87.7% of the section 14A say-on-pay items it reported (the median of the fund families tracked here: 88.2%) and it voted for 33.8% 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 INVESTMENT COMPANY MATTERS (50.0% of 24), SHAREHOLDER RIGHTS AND DEFENSES (31.8% of 528) and EXTRAORDINARY TRANSACTIONS (18.4% of 1,035).

It reported 1.82 billion shares out on loan at record dates, 3.39% 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 share8.0%7.8%10.6%
Say-on-pay support rate87.7%88.2%86.0%
Shareholder-proposal support rate33.8%30.7%33.9%
Shares on loan, share of shares held3.39%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 ELECTIONS127,411118,0583,4736.5%
SECTION 14A SAY-ON-PAY VOTES17,86814,7202,05012.3%
AUDIT-RELATED16,25115,8342751.0%
INVESTMENT COMPANY MATTERS3118650.0%
SHAREHOLDER RIGHTS AND DEFENSES69552712531.8%
EXTRAORDINARY TRANSACTIONS1,5451,29023118.4%
CAPITAL STRUCTURE11,60010,5579369.7%
COMPENSATION13,65211,0892,37617.4%
CORPORATE GOVERNANCE25,21722,0342,58614.7%
ENVIRONMENT OR CLIMATE1,7633041,4380.2%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE8982776002.1%
DIVERSITY, EQUITY, AND INCLUSION1,0002637160.0%
OTHER SOCIAL ISSUES2,6265971,9991.9%
OTHER2,6232,2902683.0%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 2024209,0547.6%90.4%25.9%
year to 30 June 2025210,6577.7%86.8%27.0%
year to 30 June 2026214,7578.0%87.7%33.8%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, First Trust voted against management on 294 of the 2,416 it marked either way (12.2%) in the year to 30 June 2026. The 40 companies with the most reporting filers are listed.

A further 53 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 942 proposals from security holders that could be told apart in the filings and on which it cast a vote, First Trust voted for 353 (37.5%). 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.
JPMorgan Chase & Co.19 May 2026Independent board chairman
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,"
Bank of America Corporation4 May 2026Shareholder proposal requesting independent board chair
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
Advanced Micro Devices, Inc.13 May 2026Stockholder proposal requesting changes to the stockholder right to call a special meeting.
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
AT&T INC.14 May 2026Shareholder Right to Act by Written Consent
Wells Fargo & Company28 Apr 2026Require Independent Board Chair
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.
ConocoPhillips12 May 2026Stockholder Proposal - Independent Board Chairman.
The Goldman Sachs Group, Inc.29 Apr 2026Shareholder Proposal Regarding Special Shareholder Meeting Thresholds
Morgan Stanley14 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
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...
Starbucks Corporation25 Mar 2026Shareholder proposal requesting a report on the risks of the Company excluding religious charities from...
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...
Lam Research Corporation4 Nov 2025Stockholder proposal titled "Realistic Shareholder Ability to Call for a Special Shareholder Meeting,"
Analog Devices, Inc.11 Mar 2026To consider a shareholder proposal
CVS Health Corporation14 May 2026Stockholder Proposal for Reducing the Threshold for Our Stockholder Right to Act By Written Consent.
EXXON MOBIL CORPORATION27 May 2026Proposal requesting Company to modify its Voluntary Retail Voting Program to provide multiple options not...
Boston Scientific Corporation30 Apr 2026Stockholder proposal titled "Give Shareholders the Ability to Call for a Special Shareholder Meeting."

Shares on loan

First Trust reported 1.82 billion shares on loan at record dates against 52.07 billion shares voted: 3.39% 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.

FilerTypeVote records, year to 30 June 2026
FIRST TRUST EXCHANGE-TRADED ALPHADEX FUNDfund registrant50,641
FIRST TRUST EXCHANGE-TRADED FUND VIfund registrant39,391
FIRST TRUST EXCHANGE-TRADED ALPHADEX FUND IIfund registrant28,267
FIRST TRUST EXCHANGE-TRADED FUNDfund registrant21,868
FIRST TRUST EXCHANGE-TRADED FUND IIfund registrant20,458
FIRST TRUST EXCHANGE-TRADED FUND VIIIfund registrant15,502
FIRST TRUST EXCHANGE-TRADED FUND IVfund registrant13,273
FIRST TRUST EXCHANGE-TRADED FUND IIIfund registrant12,392
FIRST TRUST VARIABLE INSURANCE TRUSTfund registrant6,758
FIRST TRUST ADVISORS LPinstitutional manager4,637
FIRST TRUST ENHANCED EQUITY INCOME FUNDfund registrant832
FIRST TRUST SERIES FUNDfund registrant686
First Trust Real Assets Fundfund registrant28
FIRST TRUST ALTERNATIVE OPPORTUNITIES FUNDfund registrant21
First Trust Private Credit Fundfund registrant3
FIRST TRUST DYNAMIC EUROPE EQUITY INCOME FUNDfund registrant0
FIRST TRUST ENERGY INCOME & GROWTH FUNDfund registrant0
FIRST TRUST ENERGY INFRASTRUCTURE FUNDfund registrant0
FIRST TRUST HIGH INCOME LONG/SHORT FUNDfund registrant0
First Trust Intermediate Duration Preferred & Income Fundfund registrant0
FIRST TRUST MLP & ENERGY INCOME FUNDfund registrant0
FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUNDfund registrant0
FIRST TRUST SPECIALTY FINANCE & FINANCIAL OPPORTUNITIES FUNDfund registrant0

Questions

How did First Trust vote on executive pay?

In the year to 30 June 2026 First Trust reported 16,775 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 14,720 were for (87.7%), 2,050 against and 5 abstentions. Counting one item per company meeting, it voted against management on 294 of the 2,416 say-on-pay items it marked either way. A further 53 say-on-pay items were reported without a management mark and are not counted in that figure.

How often does First Trust vote against management?

8.0% of the time in the year to 30 June 2026: 12,688 of the 159,132 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 First Trust support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 1,440 votes on proposals from security holders in the year to 30 June 2026 and voted for 2 of them (0.1%). Across every category it voted for 33.8% 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.