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Transparent Value Trust
fund voting report
- Vote records reported
- 8,438year to 30 June 2024
- Against management
- 8.4%688 of 8,150 marked votes
- Say-on-pay support
- 89.6%for, of for + against + abstain
- Shareholder-proposal support
- 42.2%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 2024, Transparent Value Trust listed 8,438 vote records. Votes against management made up 8.4% of those marked either way (688 of 8,150); the median fund registrant stood at 6.7%.
Weighted by the number of shares voted, the against-management share is 11.5%. 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 89.6% of the section 14A say-on-pay items it reported (the median fund registrant: 91.2%) and it voted for 42.2% of the proposals put forward by security holders (the median fund registrant: 28.8%).
By category, votes against management were most frequent in DIVERSITY, EQUITY, AND INCLUSION (32.3% of 201), CORPORATE GOVERNANCE (28.8% of 361) and HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE (28.4% of 162).
Compared with other filers
Each rate is defined once, in the methodology. The median is taken over 1,284 fund registrants with at least 25 vote records in the season.
| year to 30 June 2024 | This filer | Median fund registrant | All filers pooled |
|---|---|---|---|
| Against-management share | 8.4% | 6.7% | 10.2% |
| Say-on-pay support rate | 89.6% | 91.2% | 84.6% |
| Shareholder-proposal support rate | 42.2% | 28.8% | 37.0% |
| Shares on loan, share of shares held | 0.00% | 0.00% | 0.08% |
| 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 | 5,738 | 5,477 | 77 | 4.4% | |
| SECTION 14A SAY-ON-PAY VOTES | 609 | 502 | 58 | 10.2% | |
| AUDIT-RELATED | 573 | 573 | 0 | 0.0% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 27 | 18 | 9 | 22.2% | |
| EXTRAORDINARY TRANSACTIONS | 25 | 25 | 0 | 0.0% | |
| CAPITAL STRUCTURE | 78 | 78 | 0 | 5.1% | |
| COMPENSATION | 224 | 169 | 55 | 18.1% | |
| CORPORATE GOVERNANCE | 381 | 273 | 108 | 28.8% | |
| ENVIRONMENT OR CLIMATE | 260 | 63 | 197 | 22.7% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 162 | 51 | 111 | 28.4% | |
| DIVERSITY, EQUITY, AND INCLUSION | 205 | 70 | 135 | 32.3% | |
| OTHER SOCIAL ISSUES | 346 | 98 | 248 | 26.6% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 8,438 | 8.4% | 89.6% | 42.2% |
Only one season is on file for this entry so far. The structured Form N-PX began with the year to 30 June 2024.
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, Transparent Value Trust voted against management on 22 of the 215 it marked either way (10.2%) in the year to 30 June 2024.
- Amazon.com, Inc. 22 May 2024
- Salesforce, Inc. 27 Jun 2024
- Broadcom Inc. 22 Apr 2024
- The Walt Disney Company 3 Apr 2024
- Oracle Corporation 15 Nov 2023
- Tesla, Inc. 13 Jun 2024
- THE BOEING COMPANY 17 May 2024
- Analog Devices, Inc. 13 Mar 2024
- Palo Alto Networks, Inc. 12 Dec 2023
- Air Products and Chemicals, Inc. 25 Jan 2024
- The Travelers Companies, Inc. 15 May 2024
- General Motors Company 4 Jun 2024
- Pioneer Natural Resources Company 7 Feb 2024
- American International Group, Inc. 15 May 2024
- Lennar Corporation 10 Apr 2024
- TransDigm Group Incorporated 7 Mar 2024
- Annaly Capital Management, Inc. 15 May 2024
- Rexford Industrial Realty, Inc. 11 Jun 2024
- Life Storage, Inc. 18 Jul 2023
- RenaissanceRe Holdings Ltd. 13 May 2024
- Antero Resources Corporation 5 Jun 2024
- Prosperity Bancshares, Inc. 16 Apr 2024
Shareholder proposals it supported
Of 281 proposals from security holders that could be told apart in the filings and on which it cast a vote, Transparent Value Trust voted for 120 (42.7%). 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 | 7 Dec 2023 | Report on Data Operations in Human Rights Hotspots |
| Amazon.com, Inc. | 22 May 2024 | Report on Median and Adjusted Gender/Racial Pay Gaps |
| Amazon.com, Inc. | 22 May 2024 | Disclose All Material Scope 3 GHG Emissions |
| Amazon.com, Inc. | 22 May 2024 | Commission Third Party Assessment on Company's Commitment to Freedom of Association and Collective Bargaining |
| Amazon.com, Inc. | 22 May 2024 | Report on Lobbying Payments and Policy |
| Amazon.com, Inc. | 22 May 2024 | Commission a Third Party Audit on Working Conditions |
| Amazon.com, Inc. | 22 May 2024 | Shareholder proposal requesting additional reporting on stakeholder impacts |
| Apple Inc. | 28 Feb 2024 | A shareholder proposal entitled "Racial and Gender Pay Gaps" |
| Apple Inc. | 28 Feb 2024 | A shareholder proposal requesting a report on the use of Al |
| NVIDIA Corporation | 26 Jun 2024 | Advisory approval of a stockholder proposal to replace the supermajority voting provisions in our charter... |
| JPMorgan Chase & Co. | 21 May 2024 | Shareholder opportunity to vote on excessive golden parachutes |
| JPMorgan Chase & Co. | 21 May 2024 | Indigenous peoples' rights indicators |
| JPMorgan Chase & Co. | 21 May 2024 | Independent board chairman |
| Mastercard Incorporated | 18 Jun 2024 | Consideration of a stockholder proposal requesting transparency in lobbying |
| Merck & Co., Inc. | 28 May 2024 | Shareholder proposal regarding a shareholder right to act by written consent |
| The Home Depot, Inc. | 16 May 2024 | Shareholder Proposal Regarding Enhancements to the Company's Clawback Policy |
| AbbVie Inc. | 3 May 2024 | Stockholder Proposal - to Implement Simple Majority Vote |
| AbbVie Inc. | 3 May 2024 | Stockholder Proposal - to Issue Annual Report on Lobbying |
| AbbVie Inc. | 3 May 2024 | Stockholder Proposal - to Issue a Report on Patent Process |
| EXXON MOBIL CORPORATION | 29 May 2024 | Additional Pay Report on Gender and Racial Basis |
| EXXON MOBIL CORPORATION | 29 May 2024 | Shareholder proposal: ENVIRONMENT OR CLIMATE |
| Eli Lilly and Company | 6 May 2024 | Shareholder proposal to report on effectiveness of the company's diversity, equity, and inclusion efforts. |
| Eli Lilly and Company | 6 May 2024 | Shareholder proposal to publish an annual report disclosing lobbying activities. |
| CHEVRON CORPORATION | 29 May 2024 | Commission a Third-Party Report on Human Rights Practices |
| The Procter & Gamble Company | 10 Oct 2023 | Shareholder Proposal - Request to Require Shareholder Approval for Certain Future Amendments to Company... |
| Bank of America Corporation | 24 Apr 2024 | Report on Climate Lobbying |
| Bank of America Corporation | 24 Apr 2024 | Shareholder proposal requesting disclosure of clean energy financing ratio |
| Bank of America Corporation | 24 Apr 2024 | Shareholder proposal requesting independent board chair |
| The Walt Disney Company | 3 Apr 2024 | Shareholder proposal: CORPORATE GOVERNANCE |
| Walmart Inc. | 5 Jun 2024 | Human Rights Impact Assessment |
| Walmart Inc. | 5 Jun 2024 | Racial Equity Audit |
| Walmart Inc. | 5 Jun 2024 | Publication of Targets for Transitioning from Gestation Crates in Pork Supply Chain |
| Walmart Inc. | 5 Jun 2024 | Workplace Safety & Violence Review |
| Comcast Corporation | 10 Jun 2024 | Report on political expenditures misalignment with company values |
| McDonald's Corporation | 22 May 2024 | Advisory Vote on Poultry Welfare Disclosure. |
| Netflix, Inc. | 6 Jun 2024 | Stockholder proposal entitled, "Proposal 8 - Special Shareholder Meeting Improvement," |
| Netflix, Inc. | 6 Jun 2024 | Report on Use of Artificial Intelligence |
| Oracle Corporation | 15 Nov 2023 | Stockholder Proposal Regarding Pay Gap Report |
| Oracle Corporation | 15 Nov 2023 | Stockholder Proposal Regarding Independent Board Chairman |
| NIKE, Inc. | 12 Sep 2023 | To consider a shareholder proposal regarding Supplemental Pay Equity Disclosure |
Shares on loan
Transparent Value Trust reported no shares on loan for the year to 30 June 2024. 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
5 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 |
|---|---|---|---|---|
| GUGGENHEIM DIRECTIONAL ALLOCATION FUND | 1,933 | 9.2% | 87.8% | 43.8% |
| GUGGENHEIM RBP LARGE CAP VALUE FUND | 1,833 | 6.9% | 93.3% | 38.2% |
| GUGGENHEIM RBP LARGE CAP MARKET FUND | 1,753 | 9.1% | 87.2% | 42.7% |
| GUGGENHEIM RBP DIVIDEND FUND | 1,515 | 8.1% | 89.5% | 42.0% |
| GUGGENHEIM RBP LARGE CAP DEFENSIVE FUND | 1,404 | 8.9% | 90.8% | 42.6% |
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 27 Aug 2024 accession 0001821268-24-000247
- Every N-PX filing by this filer on EDGAR
Questions
How did Transparent Value Trust vote on executive pay?
In the year to 30 June 2024 Transparent Value Trust reported 560 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 502 were for (89.6%), 58 against and 0 abstentions. Counting one item per company meeting, it voted against management on 22 of the 215 say-on-pay items it marked either way.
How often does Transparent Value Trust vote against management?
8.4% of the time in the year to 30 June 2024: 688 of the 8,150 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 Transparent Value Trust support shareholder proposals on climate?
In the category ENVIRONMENT OR CLIMATE it reported 255 votes on proposals from security holders in the year to 30 June 2024 and voted for 58 of them (22.7%). Across every category it voted for 42.2% 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 30 Sep 2026.
Provenance: SEC EDGAR, Form N-PX and N-PX/A filings by Transparent Value Trust (filer no. 1465886), read as filed and not verified by the SEC. Amended filings replace the filings they amend. Filings read through 30 Sep 2026; page built 1 Oct 2026.