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AB TRUST
fund voting report, part of AllianceBernstein
- Vote records reported
- 3,029year to 30 June 2026
- Against management
- 8.0%240 of 2,997 marked votes
- Say-on-pay support
- 89.2%for, of for + against + abstain
- Shareholder-proposal support
- 25.0%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, AB TRUST listed 3,029 vote records. Votes against management made up 8.0% of those marked either way (240 of 2,997); the median fund registrant stood at 6.2%.
Weighted by the number of shares voted, the against-management share is 7.2%. 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 89.2% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 25.0% of the proposals put forward by security holders (the median fund registrant: 27.5%).
By category, votes against management were most frequent in ENVIRONMENT OR CLIMATE (19.2% of 26), SECTION 14A SAY-ON-PAY VOTES (10.5% of 162) and DIRECTOR ELECTIONS (9.4% of 1,874).
It reported 17.0 million shares out on loan at record dates, 2.29% 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 1,241 fund registrants with at least 25 vote records in the season.
| year to 30 June 2026 | This filer | Median fund registrant | All filers pooled |
|---|---|---|---|
| Against-management share | 8.0% | 6.2% | 10.6% |
| Say-on-pay support rate | 89.2% | 91.6% | 86.0% |
| Shareholder-proposal support rate | 25.0% | 27.5% | 33.9% |
| Shares on loan, share of shares held | 2.29% | 0.00% | 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 | 1,883 | 1,701 | 108 | 9.4% | |
| SECTION 14A SAY-ON-PAY VOTES | 162 | 132 | 16 | 10.5% | |
| AUDIT-RELATED | 210 | 209 | 1 | 0.5% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 6 | 4 | 2 | 16.7% | |
| EXTRAORDINARY TRANSACTIONS | 15 | 13 | 2 | 13.3% | |
| CAPITAL STRUCTURE | 243 | 234 | 9 | 4.9% | |
| COMPENSATION | 203 | 191 | 10 | 5.6% | |
| CORPORATE GOVERNANCE | 269 | 225 | 44 | 7.2% | |
| ENVIRONMENT OR CLIMATE | 26 | 8 | 18 | 19.2% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 10 | 3 | 7 | 10.0% | |
| DIVERSITY, EQUITY, AND INCLUSION | 13 | 3 | 10 | 7.7% | |
| OTHER SOCIAL ISSUES | 37 | 14 | 23 | 5.4% | |
| OTHER | 14 | 1 | 13 | 0.0% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 3,050 | 5.9% | 94.4% | 42.7% | |
| year to 30 June 2025 | 2,852 | 6.2% | 93.3% | 36.1% | |
| year to 30 June 2026 | 3,029 | 8.0% | 89.2% | 25.0% |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, AB TRUST voted against management on 14 of the 133 it marked either way (10.5%) in the year to 30 June 2026.
- Oracle Corporation 18 Nov 2025
- Berkshire Hathaway Inc. 2 May 2026
- Thermo Fisher Scientific Inc. 20 May 2026
- Carrier Global Corporation 15 Apr 2026
- T-Mobile US, Inc. 16 Jun 2026
- Extra Space Storage Inc. 14 May 2026
- Everest Group, Ltd. 13 May 2026
- CNH Industrial N.V. 8 May 2026
- CubeSmart 19 May 2026
- GXO Logistics, Inc. 20 May 2026
- Universal Display Corporation 18 Jun 2026
- New York Community Bancorp, Inc. 9 Jun 2026
- Walker & Dunlop, Inc. 19 May 2026
- Cracker Barrel Old Country Store, Inc. 20 Nov 2025
Shareholder proposals it supported
Of 83 proposals from security holders that could be told apart in the filings and on which it cast a vote, AB TRUST voted for 18 (21.7%). Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.
| Company | Meeting | Proposal |
|---|---|---|
| The Coca-Cola Company | 29 Apr 2026 | Vote on a shareowner proposal requesting a report on the Company's plans to increase sustainability disclosure |
| McDonald's Corporation | 20 May 2026 | Advisory Vote on Shareholders' Right to Act by Written Consent. |
| Wells Fargo & Company | 28 Apr 2026 | Shareholder Proposal - Energy Supply Ratio. |
| Wells Fargo & Company | 28 Apr 2026 | Shareholder Proposal - Govern by Majority Vote. |
| Deere & Company | 25 Feb 2026 | Shareholder proposal on shareholder right to act by written consent |
| Lam Research Corporation | 4 Nov 2025 | Stockholder proposal titled "Realistic Shareholder Ability to Call for a Special Shareholder Meeting," |
| Meta Platforms, Inc. | 27 May 2026 | A shareholder proposal regarding annual vote regarding executive pay. |
| Meta Platforms, Inc. | 27 May 2026 | A shareholder proposal regarding disclosure of voting results by share class. |
| Meta Platforms, Inc. | 27 May 2026 | A shareholder proposal regarding dual class capital structure. |
| Cboe Global Markets, Inc. | 14 May 2026 | Stockholder proposal regarding shareholder right to act by written consent. |
| ON Semiconductor Corporation | 14 May 2026 | To vote on a stockholder proposal regarding simple majority voting |
| BJ's Wholesale Club Holdings, Inc. | 18 Jun 2026 | Vote on a shareholder proposal regarding a report on deforestation in the company's own-brand supply chain |
| BJ's Wholesale Club Holdings, Inc. | 18 Jun 2026 | Vote on a shareholder proposal regarding a report on greenhouse gas emissions reduction efforts |
| Knight-Swift Transportation Holdings Inc. | 12 May 2026 | Vote on a stockholder proposal regarding support for transparency in political spending. |
| Calix, Inc. | 14 May 2026 | To hold an advisory vote on a stockholder proposal relating to a simple majority vote. |
| ArcBest Corporation | 24 Apr 2026 | A shareholder proposal to approve GHG emissions reduction targets |
| Toyo Suisan Kaisha, Ltd. | 25 Jun 2026 | Approve Restricted Stock Plan |
| Toyo Suisan Kaisha, Ltd. | 25 Jun 2026 | Initiate Share Repurchase Program |
Shares on loan
AB TRUST reported 17.0 million shares on loan at record dates against 724.6 million shares voted: 2.29% of the two together. Median fund registrant: 0.00%. 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.
Fund series in this filing
3 series reported votes. A vote record can list several series. Series with 500 or more vote records have their own page.
| Series | Vote records | Against management | Say-on-pay support | Shareholder-proposal support |
|---|---|---|---|---|
| AB International Value Fund | 1,111 | 9.3% | not reported | 15.8% |
| AB Discovery Value Fund | 1,081 | 5.6% | 92.0% | 53.8% |
| AB Large Cap Value Fund | 837 | 9.4% | 85.7% | 16.1% |
The filings
These figures are read from the filer's own Form N-PX. If a vote on this page looks wrong, the filing is the record: a dispute about a filed vote is a matter for the filer, and an error in how this site read the filing is a matter for corrections.
- N-PX filed 28 Aug 2026 accession 0000919574-26-005860
- Every N-PX filing by this filer on EDGAR
Questions
How did AB TRUST vote on executive pay?
In the year to 30 June 2026 AB TRUST reported 148 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 132 were for (89.2%), 16 against and 0 abstentions. Counting one item per company meeting, it voted against management on 14 of the 133 say-on-pay items it marked either way.
How often does AB TRUST vote against management?
8.0% of the time in the year to 30 June 2026: 240 of the 2,997 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 AB TRUST support shareholder proposals on climate?
In the category ENVIRONMENT OR CLIMATE it reported 23 votes on proposals from security holders in the year to 30 June 2026 and voted for 5 of them (21.7%). Across every category it voted for 25.0% 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 this filer 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 by AB TRUST (filer no. 1129870), read as filed and not verified by the SEC. Amended filings replace the filings they amend. Filings read through 23 Sep 2026; page built 26 Sep 2026.