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RWC ASSET ADVISORS (US) LLC
institutional manager voting report
- Vote records reported
- 2,462year to 30 June 2026
- Against management
- 10.2%250 of 2,462 marked votes
- Say-on-pay support
- 82.9%for, of for + against + abstain
- Shareholder-proposal support
- 62.2%for, of for + against + abstain
foragainstabstain, withhold or otheramber tick: the portion cast against management
For the year to 30 June 2026, RWC ASSET ADVISORS (US) LLC reported 2,462 vote records on Form N-PX. 250 of the 2,462 votes that were marked for or against management went against management: 10.2%, 3.8 percentage points above the median institutional manager (6.4%).
Weighted by the number of shares voted, the against-management share is 18.8%. 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 82.9% of the section 14A say-on-pay items it reported (the median institutional manager: 91.4%) and it voted for 62.2% of the proposals put forward by security holders (the median institutional manager: 41.1%).
By category, votes against management were most frequent in EXTRAORDINARY TRANSACTIONS (28.6% of 84), SECTION 14A SAY-ON-PAY VOTES (17.1% of 41) and COMPENSATION (12.0% of 392).
Compared with other filers
Each rate is defined once, in the methodology. The median is taken over 2,628 institutional managers with at least 25 vote records in the season.
| year to 30 June 2026 | This filer | Median institutional manager | All filers pooled |
|---|---|---|---|
| Against-management share | 10.2% | 6.4% | 10.6% |
| Say-on-pay support rate | 82.9% | 91.4% | 86.0% |
| Shareholder-proposal support rate | 62.2% | 41.1% | 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 | 922 | 765 | 88 | 9.4% | |
| SECTION 14A SAY-ON-PAY VOTES | 41 | 34 | 7 | 17.1% | |
| AUDIT-RELATED | 225 | 206 | 15 | 8.0% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 5 | 5 | 0 | 0.0% | |
| EXTRAORDINARY TRANSACTIONS | 84 | 60 | 24 | 28.6% | |
| CAPITAL STRUCTURE | 368 | 336 | 32 | 8.7% | |
| COMPENSATION | 392 | 344 | 44 | 12.0% | |
| CORPORATE GOVERNANCE | 1,041 | 933 | 88 | 7.4% | |
| ENVIRONMENT OR CLIMATE | 9 | 1 | 8 | 11.1% | |
| OTHER SOCIAL ISSUES | 6 | 6 | 0 | 0.0% | |
| OTHER | 20 | 15 | 5 | 5.0% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 903 | 8.1% | 88.9% | 85.0% | |
| year to 30 June 2025 | 2,052 | 7.5% | 78.0% | 83.3% | |
| year to 30 June 2026 | 2,462 | 10.2% | 82.9% | 62.2% |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, RWC ASSET ADVISORS (US) LLC voted against management on 6 of the 38 it marked either way (15.8%) in the year to 30 June 2026.
- LVMH Moet Hennessy Louis Vuitton SE 23 Apr 2026
- UniCredit SpA 31 Mar 2026
- Hermes International SCA 17 Apr 2026
- Equinor ASA 12 May 2026
- Impala Platinum Holdings Ltd. 30 Oct 2025
- Zabka Group SA 9 Jun 2026
Shareholder proposals it supported
Of 27 proposals from security holders that could be told apart in the filings and on which it cast a vote, RWC ASSET ADVISORS (US) LLC voted for 13 (48.1%). Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.
| Company | Meeting | Proposal |
|---|---|---|
| Contemporary Amperex Technology Co., Ltd. | 25 Dec 2025 | Shareholder proposal: CAPITAL STRUCTURE |
| PT Bank Mandiri (Persero) Tbk | 19 Dec 2025 | Amend Articles of Association |
| PT Bank Mandiri (Persero) Tbk | 19 Dec 2025 | Approve Delegation of Authority for Approval of the 2026 Company Work Plan and Budget |
| Itau Unibanco Holding SA | 28 Apr 2026 | Shareholder proposal: AUDIT-RELATED |
| Petroleo Brasileiro SA | 16 Apr 2026 | Shareholder proposal: AUDIT-RELATED |
| Ambev SA | 30 Apr 2026 | Shareholder proposal: AUDIT-RELATED |
| Sungrow Power Supply Co., Ltd. | 24 Apr 2026 | Amend Articles of Association |
| Rede D'Or Sao Luiz SA | 30 Apr 2026 | Shareholder proposal: AUDIT-RELATED |
| EVE Energy Co., Ltd. | 17 Apr 2026 | Shareholder proposal: INVESTMENT COMPANY MATTERS |
| EVE Energy Co., Ltd. | 17 Apr 2026 | Shareholder proposal: INVESTMENT COMPANY MATTERS |
| EVE Energy Co., Ltd. | 17 Apr 2026 | Shareholder proposal: INVESTMENT COMPANY MATTERS |
| EVE Energy Co., Ltd. | 17 Apr 2026 | Approve Provision of Guarantee |
| EVE Energy Co., Ltd. | 17 Apr 2026 | Shareholder proposal: INVESTMENT COMPANY MATTERS |
Shares on loan
RWC ASSET ADVISORS (US) LLC 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.
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 0001398344-26-015970
- Every N-PX filing by this filer on EDGAR
Questions
How did RWC ASSET ADVISORS (US) LLC vote on executive pay?
In the year to 30 June 2026 RWC ASSET ADVISORS (US) LLC reported 41 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 34 were for (82.9%), 7 against and 0 abstentions. Counting one item per company meeting, it voted against management on 6 of the 38 say-on-pay items it marked either way.
How often does RWC ASSET ADVISORS (US) LLC vote against management?
10.2% of the time in the year to 30 June 2026: 250 of the 2,462 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.
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 RWC ASSET ADVISORS (US) LLC (filer no. 1638081), 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.