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IMPAX FUNDS SERIES TRUST III
fund voting report
- Vote records reported
- 1,763year to 30 June 2026
- Against management
- 11.7%204 of 1,748 marked votes
- Say-on-pay support
- 80.0%for, of for + against + abstain
- Shareholder-proposal support
- 47.2%for, of for + against + abstain
foragainstabstain, withhold or otheramber tick: the portion cast against management
IMPAX FUNDS SERIES TRUST III reported 1,763 vote records for the year to 30 June 2026. It marked 11.7% of its votes as cast against management (204 of 1,748), 5.4 percentage points above the median fund registrant, which was 6.2%.
Weighted by the number of shares voted, the against-management share is 6.2%. 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 80.0% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 47.2% 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 (50.0% of 32), OTHER SOCIAL ISSUES (32.4% of 34) and AUDIT-RELATED (20.7% of 116).
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 | 11.7% | 6.2% | 10.6% |
| Say-on-pay support rate | 80.0% | 91.6% | 86.0% |
| Shareholder-proposal support rate | 47.2% | 27.5% | 33.9% |
| Shares on loan, share of shares held | 0.00% | 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 | 918 | 849 | 49 | 6.6% | |
| SECTION 14A SAY-ON-PAY VOTES | 68 | 52 | 11 | 19.4% | |
| AUDIT-RELATED | 117 | 92 | 23 | 20.7% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 16 | 12 | 3 | 57.1% | |
| EXTRAORDINARY TRANSACTIONS | 7 | 7 | 0 | 0.0% | |
| CAPITAL STRUCTURE | 177 | 173 | 4 | 2.8% | |
| COMPENSATION | 194 | 154 | 34 | 17.7% | |
| CORPORATE GOVERNANCE | 181 | 158 | 23 | 13.3% | |
| ENVIRONMENT OR CLIMATE | 32 | 17 | 13 | 50.0% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 12 | 3 | 5 | 58.3% | |
| DIVERSITY, EQUITY, AND INCLUSION | 7 | 2 | 5 | 28.6% | |
| OTHER SOCIAL ISSUES | 34 | 19 | 12 | 32.4% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 4,538 | 8.6% | 76.3% | 60.4% | |
| year to 30 June 2025 | 1,796 | 11.7% | 83.8% | 51.5% | |
| year to 30 June 2026 | 1,763 | 11.7% | 80.0% | 47.2% |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, IMPAX FUNDS SERIES TRUST III voted against management on 13 of the 65 it marked either way (20.0%) in the year to 30 June 2026.
- Amazon.com, Inc. 20 May 2026
- Alphabet Inc. 5 Jun 2026
- Broadcom Inc. 20 Apr 2026
- Citigroup Inc. 20 May 2026
- Starbucks Corporation 25 Mar 2026
- Target Corporation 10 Jun 2026
- Cummins Inc. 12 May 2026
- The Bank of New York Mellon Corporation 14 Apr 2026
- Ulta Beauty, Inc. 9 Jun 2026
- The Estee Lauder Companies Inc. 13 Nov 2025
- lululemon athletica inc. 25 Jun 2026
- Williams-Sonoma, Inc. 18 Jun 2026
- Booz Allen Hamilton Holding Corporation 23 Jul 2025
Shareholder proposals it supported
Of 111 proposals from security holders that could be told apart in the filings and on which it cast a vote, IMPAX FUNDS SERIES TRUST III voted for 48 (43.2%). 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 | 5 Dec 2025 | Report on Human Rights Due Diligence |
| Microsoft Corporation | 5 Dec 2025 | Report on Data Operations in Human Rights Hotspots |
| Amazon.com, Inc. | 20 May 2026 | Shareholder proposal requesting a mandatory independent board chair policy |
| Amazon.com, Inc. | 20 May 2026 | Shareholder proposal requesting additional reporting on impact of data centers on climate commitments |
| NVIDIA Corporation | 24 Jun 2026 | Approval of a non-binding stockholder proposal requesting reporting on greenhouse gas emissions from the... |
| NVIDIA Corporation | 24 Jun 2026 | Approval of a non-binding stockholder proposal requesting the replacement of supermajority voting... |
| Alphabet Inc. | 5 Jun 2026 | Shareholder proposal regarding a report on AI-generated misinformation |
| Alphabet Inc. | 5 Jun 2026 | Shareholder proposal regarding a report on data privacy |
| Alphabet Inc. | 5 Jun 2026 | Shareholder proposal regarding a report on impact of U.S. immigration policy |
| Alphabet Inc. | 5 Jun 2026 | Shareholder proposal regarding equal shareholder voting |
| Alphabet Inc. | 5 Jun 2026 | Shareholder proposal regarding an enhanced disclosure on climate goals |
| JPMorgan Chase & Co. | 19 May 2026 | Independent board chairman |
| Johnson & Johnson | 23 Apr 2026 | Independent Board Chair |
| Eli Lilly and Company | 4 May 2026 | Shareholder proposal to prepare an annual lobbying report. |
| Eli Lilly and Company | 4 May 2026 | Shareholder proposal to adopt a policy and amend the bylaws to require an independent board chair. |
| Merck & Co., Inc. | 26 May 2026 | Shareholder proposal regarding a report on political contributions. |
| The Procter & Gamble Company | 14 Oct 2025 | Shareholder Proposal Requesting Additional Reporting on Plastic Packaging |
| The Walt Disney Company | 18 Mar 2026 | Shareholder proposal, if properly presented at the meeting, requesting an independent review and report on... |
| The Coca-Cola Company | 29 Apr 2026 | Vote on a shareowner proposal requesting a report on risks related to ingredients |
| The Coca-Cola Company | 29 Apr 2026 | Vote on a shareowner proposal requesting a report on the extent of the Company's diversity, equity and... |
| The Coca-Cola Company | 29 Apr 2026 | Vote on a shareowner proposal requesting a report on the Company's plans to increase sustainability disclosure |
| ServiceNow, Inc. | 21 May 2026 | Shareholder proposal regarding shareholder right to act by written consent. |
| Bristol-Myers Squibb Company | 5 May 2026 | Require Independent Board Chair |
| Gilead Sciences, Inc. | 30 Apr 2026 | To vote on a stockholder proposal requesting an independent Board Chair policy |
| Starbucks Corporation | 25 Mar 2026 | Shareholder proposal requesting supermajority shareholder voting requirements be replaced with majority... |
| Starbucks Corporation | 25 Mar 2026 | Shareholder proposal requesting adoption of an independent board chair policy |
| Target Corporation | 10 Jun 2026 | Shareholder proposal requesting a report on presence of pesticides in Target's private label brands. |
| Target Corporation | 10 Jun 2026 | Require Independent Board Chair |
| Zoetis Inc. | 20 May 2026 | Shareholder proposal to permit shareholder action by written consent. |
| Cummins Inc. | 12 May 2026 | Shareholder proposal to adopt a policy for separation of the roles of Chairperson and Chief Executive Officer. |
| Vertex Pharmaceuticals Incorporated | 13 May 2026 | Shareholder proposal, if properly presented at the meeting, regarding shareholder right to act by written... |
| PayPal Holdings, Inc. | 19 May 2026 | Stockholder Proposal - Reduce Threshold to Call Special Meetings of Stockholders. |
| Otis Worldwide Corporation | 27 May 2026 | Shareholder proposal regarding reporting on political contributions and expenditures |
| Synopsys, Inc. | 16 Apr 2026 | To vote on a stockholder proposal regarding 'stockholders' right to act by written consent |
| General Mills, Inc. | 30 Sep 2025 | Shareholder Proposal - Disclosure of Regenerative Agriculture Practices Within Supply Chain. |
| General Mills, Inc. | 30 Sep 2025 | Shareholder Proposal - Adopt Policy to Separate the Board Chair and CEO Roles. |
| Autodesk, Inc. | 17 Jun 2026 | Stockholder proposal requesting amendment to stockholder special meeting right. |
| Prudential Financial, Inc. | 12 May 2026 | Shareholder proposal regarding an Independent Board Chairman. |
| HP Inc. | 16 Apr 2026 | Stockholder proposal requesting that HP's board adopt a policy and amend its governance documents to... |
| State Street Corporation | 20 May 2026 | Shareholder proposal requesting the adoption of a policy and amendment to the by-laws requiring the Chair... |
Shares on loan
IMPAX FUNDS SERIES TRUST III reported no shares on loan for the year to 30 June 2026. 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
1 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 |
|---|---|---|---|---|
| Impax Global Women's Leadership Fund | 1,763 | 11.7% | 80.0% | 44.9% |
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 31 Aug 2026 accession 0001398344-26-016147
- Every N-PX filing by this filer on EDGAR
Questions
How did IMPAX FUNDS SERIES TRUST III vote on executive pay?
In the year to 30 June 2026 IMPAX FUNDS SERIES TRUST III reported 65 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 52 were for (80.0%), 11 against and 2 abstentions. Counting one item per company meeting, it voted against management on 13 of the 65 say-on-pay items it marked either way.
How often does IMPAX FUNDS SERIES TRUST III vote against management?
11.7% of the time in the year to 30 June 2026: 204 of the 1,748 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 IMPAX FUNDS SERIES TRUST III support shareholder proposals on climate?
In the category ENVIRONMENT OR CLIMATE it reported 29 votes on proposals from security holders in the year to 30 June 2026 and voted for 14 of them (48.3%). Across every category it voted for 47.2% 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 23 Sep 2026.
Provenance: SEC EDGAR, Form N-PX and N-PX/A filings by IMPAX FUNDS SERIES TRUST III (filer no. 1598735), 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.