Home / Filers / Northern Lights Variable Trust
Northern Lights Variable Trust
fund voting report
- Vote records reported
- 1,549year to 30 June 2026
- Against management
- 5.0%78 of 1,548 marked votes
- Say-on-pay support
- 89.9%for, of for + against + abstain
- Shareholder-proposal support
- 36.5%for, of for + against + abstain
foragainstabstain, withhold or otheramber tick: the portion cast against management
Northern Lights Variable Trust reported 1,549 vote records for the year to 30 June 2026. It marked 5.0% of its votes as cast against management (78 of 1,548), 1.2 percentage points below the median fund registrant, which was 6.2%.
Weighted by the number of shares voted, the against-management share is 8.6%. 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 89.9% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 36.5% of the proposals put forward by security holders (the median fund registrant: 27.5%).
By category, votes against management were most frequent in CORPORATE GOVERNANCE (18.4% of 136), SECTION 14A SAY-ON-PAY VOTES (10.0% of 100) and COMPENSATION (5.9% of 51).
It reported 498,060 shares out on loan at record dates, 3.90% 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 | 5.0% | 6.2% | 10.6% |
| Say-on-pay support rate | 89.9% | 91.6% | 86.0% |
| Shareholder-proposal support rate | 36.5% | 27.5% | 33.9% |
| Shares on loan, share of shares held | 3.90% | 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 | 1,063 | 1,034 | 17 | 2.7% | |
| SECTION 14A SAY-ON-PAY VOTES | 100 | 89 | 10 | 10.0% | |
| AUDIT-RELATED | 109 | 109 | 0 | 0.0% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 3 | 3 | 0 | 0.0% | |
| EXTRAORDINARY TRANSACTIONS | 10 | 9 | 1 | 10.0% | |
| CAPITAL STRUCTURE | 39 | 39 | 0 | 2.6% | |
| COMPENSATION | 51 | 49 | 2 | 5.9% | |
| CORPORATE GOVERNANCE | 137 | 118 | 18 | 18.4% | |
| ENVIRONMENT OR CLIMATE | 14 | 0 | 14 | 0.0% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 6 | 0 | 6 | 50.0% | |
| DIVERSITY, EQUITY, AND INCLUSION | 1 | 0 | 1 | 0.0% | |
| OTHER SOCIAL ISSUES | 13 | 4 | 9 | 46.2% | |
| OTHER | 3 | 2 | 1 | 0.0% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 1,519 | 9.0% | 91.8% | 43.7% | |
| year to 30 June 2025 | 2,242 | 4.7% | 76.9% | not reported | |
| year to 30 June 2026 | 1,549 | 5.0% | 89.9% | 36.5% |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, Northern Lights Variable Trust voted against management on 8 of the 89 it marked either way (9.0%) in the year to 30 June 2026.
- Broadcom Inc. 20 Apr 2026
- The Goldman Sachs Group, Inc. 29 Apr 2026
- Comcast Corporation 10 Jun 2026
- WARNER BROS. DISCOVERY, INC. 23 Apr 2026
- WARNER BROS. DISCOVERY, INC. 9 Jun 2026
- Simon Property Group, Inc. 13 May 2026
- Fidelity National Information Services, Inc. 10 Jun 2026
- Exact Sciences Corporation 20 Feb 2026
Shareholder proposals it supported
Of 64 proposals from security holders that could be told apart in the filings and on which it cast a vote, Northern Lights Variable Trust voted for 23 (35.9%). Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.
| Company | Meeting | Proposal |
|---|---|---|
| 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 |
| International Business Machines Corporation | 28 Apr 2026 | Stockholder Proposal Requesting a Right to Act by Written Consent |
| AT&T INC. | 14 May 2026 | Shareholder Right to Act by Written Consent |
| ConocoPhillips | 12 May 2026 | Stockholder Proposal - Independent Board Chairman. |
| The Goldman Sachs Group, Inc. | 29 Apr 2026 | Shareholder Proposal Regarding Lobbying Disclosure |
| The Goldman Sachs Group, Inc. | 29 Apr 2026 | Shareholder Proposal Regarding Special Shareholder Meeting Thresholds |
| Morgan Stanley | 14 May 2026 | Shareholder proposal requesting an independent Board Chairman |
| HONEYWELL INTERNATIONAL INC. | 22 May 2026 | Shareowner Proposal - Shareholder Right to Act by Written Consent. |
| Comcast Corporation | 10 Jun 2026 | Adopt policy to have an independent chair |
| LOCKHEED MARTIN CORPORATION | 12 May 2026 | Stockholder Proposal Requiring Independent Board Chairman |
| CVS Health Corporation | 14 May 2026 | Stockholder Proposal for Reducing the Threshold for Our Stockholder Right to Act By Written Consent. |
| Target Corporation | 10 Jun 2026 | Require Independent Board Chair |
| L3Harris Technologies, Inc. | 11 May 2026 | Shareholder Proposal titled "Improve Shareholder Ability to Call for a Special Shareholder Meeting". |
| FORD MOTOR COMPANY | 14 May 2026 | A shareholder proposal relating to a request that the Board take steps to implement one vote per share for... |
| FORD MOTOR COMPANY | 14 May 2026 | A shareholder proposal relating to public disclosure by share class of voting results on matters subject... |
| NRG Energy, Inc. | 30 Apr 2026 | To vote on a stockholder proposal to give shareholders the ability to call for a special shareholder meeting |
| First Solar, Inc. | 13 May 2026 | Stockholder proposal to improve shareholder ability to call for a special shareholder meeting |
| Cboe Global Markets, Inc. | 14 May 2026 | Stockholder proposal regarding shareholder right to act by written consent. |
| Steel Dynamics, Inc. | 6 May 2026 | Shareholder proposal - avoid political spending brand damage |
| CF Industries Holdings, Inc. | 28 Apr 2026 | Shareholder proposal regarding shareholder approval requirement for excessive golden parachutes |
| Cincinnati Financial Corporation | 2 May 2026 | A nonbinding shareholder proposal |
| Exxon Mobil Corporation | 27 May 2026 | Proposal requesting Company to modify its Voluntary Retail Voting Program to provide multiple options not... |
Shares on loan
Northern Lights Variable Trust reported 498,060 shares on loan at record dates against 12.3 million shares voted: 3.90% 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 |
|---|---|---|---|---|
| DF Tactical Dividend VIT | 767 | 4.4% | 94.4% | 40.6% |
| DF Tactical Momentum VIT | 552 | 6.7% | 82.1% | 40.0% |
| Bain Capital Equity Opportunities Fund | 230 | 3.1% | 100.0% | 0.0% |
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 21 Aug 2026 accession 0001580642-26-005545
- Every N-PX filing by this filer on EDGAR
Questions
How did Northern Lights Variable Trust vote on executive pay?
In the year to 30 June 2026 Northern Lights Variable Trust reported 99 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 89 were for (89.9%), 10 against and 0 abstentions. Counting one item per company meeting, it voted against management on 8 of the 89 say-on-pay items it marked either way.
How often does Northern Lights Variable Trust vote against management?
5.0% of the time in the year to 30 June 2026: 78 of the 1,548 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 Northern Lights Variable Trust support shareholder proposals on climate?
In the category ENVIRONMENT OR CLIMATE it reported 14 votes on proposals from security holders in the year to 30 June 2026 and voted for 0 of them (0.0%). Across every category it voted for 36.5% 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 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 Northern Lights Variable Trust (filer no. 1352621), 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.