Vote Scores

Home / Filers / PFM Multi-Manager Series Trust

Form N-PX · fund registrantSEC filer no. 1696729

PFM Multi-Manager Series Trust

fund voting report

Vote records reported
9,718year to 30 June 2026
Against management
8.7%702 of 8,103 marked votes
Say-on-pay support
88.1%for, of for + against + abstain
Shareholder-proposal support
19.5%for, of for + against + abstain
89.4% for8.8% against1.9% other8.7% against management8,141 votes

foragainstabstain, withhold or otheramber tick: the portion cast against management

For the year to 30 June 2026, PFM Multi-Manager Series Trust reported 9,718 vote records on Form N-PX. 702 of the 8,103 votes that were marked for or against management went against management: 8.7%, 2.4 percentage points above the median fund registrant (6.2%).

Weighted by the number of shares voted, the against-management share is 13.6%. 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 88.1% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 19.5% of the proposals put forward by security holders (the median fund registrant: 27.5%).

By category, votes against management were most frequent in SHAREHOLDER RIGHTS AND DEFENSES (56.5% of 46), SECTION 14A SAY-ON-PAY VOTES (12.1% of 420) and COMPENSATION (11.1% of 559).

It reported 1.7 million shares out on loan at record dates, 0.31% 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 2026This filerMedian fund registrantAll filers pooled
Against-management share8.7%6.2%10.6%
Say-on-pay support rate88.1%91.6%86.0%
Shareholder-proposal support rate19.5%27.5%33.9%
Shares on loan, share of shares held0.31%0.00%3.12%
Largest families, year to 30 June 2026Against managementSay-on-pay supportShareholder-proposal support
Vanguard20.1%94.1%42.0%
BlackRock and iShares7.5%88.3%11.9%
Fidelity6.0%94.7%27.6%
Dimensional16.4%78.9%57.4%
State Street and SPDR16.9%77.1%50.4%

Of the 9,718 vote records in this filing, 1,617 carry something the form does not expect: a missing vote source or category, a record with no vote line, a meeting date that cannot be read, or a security identifier this site could not use. They are counted as filed. What is checked

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)VotesForAgainstAgainst managementSplit
DIRECTOR ELECTIONS4,0183,6742448.4%
SECTION 14A SAY-ON-PAY VOTES4233554712.1%
AUDIT-RELATED648623223.4%
SHAREHOLDER RIGHTS AND DEFENSES47211756.5%
EXTRAORDINARY TRANSACTIONS848133.6%
CAPITAL STRUCTURE97587310110.6%
COMPENSATION5664986711.1%
CORPORATE GOVERNANCE1,0989801127.9%
ENVIRONMENT OR CLIMATE341325.9%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE322306.3%
DIVERSITY, EQUITY, AND INCLUSION7070.0%
OTHER SOCIAL ISSUES11654605.2%
OTHER413359439.4%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 202411,46310.8%86.7%42.6%
year to 30 June 202513,1379.1%85.8%14.5%
year to 30 June 20269,7188.7%88.1%19.5%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, PFM Multi-Manager Series Trust voted against management on 45 of the 364 it marked either way (12.4%) in the year to 30 June 2026. The 40 companies with the most reporting filers are listed.

A further 5 say-on-pay items were reported without a management mark and are left out of both sides of that fraction.

Shareholder proposals it supported

Of 199 proposals from security holders that could be told apart in the filings and on which it cast a vote, PFM Multi-Manager Series Trust voted for 36 (18.1%). Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.

CompanyMeetingProposal
Microsoft Corporation5 Dec 2025Report on Human Rights Due Diligence
Microsoft Corporation5 Dec 2025Report on Data Operations in Human Rights Hotspots
Amazon.com, Inc.20 May 2026Shareholder proposal requesting a mandatory independent board chair policy
Alphabet Inc.5 Jun 2026Shareholder proposal regarding a report on AI data usage oversight
Alphabet Inc.5 Jun 2026Shareholder proposal regarding equal shareholder voting
Visa Inc.27 Jan 2026Shareholder proposal on shareholder right to act by written consent.
JPMorgan Chase & Co.19 May 2026Independent board chairman
AbbVie Inc.8 May 2026Stockholder Proposal - to Adopt a Policy to Require an Independent Chair
Netflix, Inc.4 Jun 2026Stockholder proposal entitled, "Proposal 4 - Shareholder Right to Act by Written Consent,"
Tesla, Inc.6 Nov 2025Declassify the Board of Directors
Tesla, Inc.6 Nov 2025Shareholder proposal: CORPORATE GOVERNANCE
NextEra Energy, Inc.21 May 2026Report on Plans to Reduce and Align GHG Emissions with Paris Agreement Goals
HONEYWELL INTERNATIONAL INC.22 May 2026Shareowner Proposal - Shareholder Right to Act by Written Consent.
Analog Devices, Inc.11 Mar 2026To consider a shareholder proposal
EXXON MOBIL CORPORATION27 May 2026Proposal requesting Company to modify its Voluntary Retail Voting Program to provide multiple options not...
Boston Scientific Corporation30 Apr 2026Stockholder proposal titled "Give Shareholders the Ability to Call for a Special Shareholder Meeting."
Meta Platforms, Inc.27 May 2026A shareholder proposal regarding annual vote regarding executive pay.
Meta Platforms, Inc.27 May 2026A shareholder proposal regarding disclosure of voting results by share class.
Meta Platforms, Inc.27 May 2026A shareholder proposal regarding dual class capital structure.
Meta Platforms, Inc.27 May 2026A shareholder proposal regarding report on Al data usage oversight.
Target Corporation10 Jun 2026Require Independent Board Chair
Intercontinental Exchange, Inc.15 May 2026A stockholder proposal regarding independent board chairman
The Cigna Group22 Apr 2026Shareholder Proposal - Shareholder Right to Act by Written Consent
Vertex Pharmaceuticals Incorporated13 May 2026Shareholder proposal, if properly presented at the meeting, regarding shareholder right to act by written...
Kimberly-Clark Corporation14 May 2026Stockholder Proposal to Require Independent Board Chair
FedEx Corporation29 Sep 2025Stockholder proposal regarding independent board chairman.
O'Reilly Automotive, Inc.14 May 2026Shareholder proposal entitled "Avoid Brand Damage due to Corporate Political Spending."
Synopsys, Inc.16 Apr 2026To vote on a stockholder proposal regarding 'stockholders' right to act by written consent
General Motors Company2 Jun 2026Shareholder Proposal Regarding Separation of Chair and CEO Roles
Airbnb, Inc.5 Jun 2026Dual-class sunset; and
Avery Dennison Corporation30 Apr 2026Require Independent Board Chair
Mohawk Industries, Inc.21 May 2026Stockholder proposal regarding a majority vote standard.
Bio-Rad Laboratories, Inc.21 Apr 2026Stockholder proposal regarding dual class capital structure.
Eni SpA6 May 2026Shareholder proposal: AUDIT-RELATED
Sompo Holdings, Inc.22 Jun 2026Shareholder Proposal: Amend Articles of Incorporation
Southern Cross Media Group Limited24 Nov 2025Shareholder proposal: CORPORATE GOVERNANCE

Shares on loan

PFM Multi-Manager Series Trust reported 1.7 million shares on loan at record dates against 548.8 million shares voted: 0.31% 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

2 series reported votes. A vote record can list several series. Series with 500 or more vote records have their own page.

SeriesVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
First American Multi-Manager International Equity Fund7,1568.8%84.3%11.5%
First American Multi-Manager Domestic Equity Fund2,5628.4%92.1%19.1%

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.

Questions

How did PFM Multi-Manager Series Trust vote on executive pay?

In the year to 30 June 2026 PFM Multi-Manager Series Trust reported 402 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 354 were for (88.1%), 47 against and 1 abstentions. Counting one item per company meeting, it voted against management on 45 of the 364 say-on-pay items it marked either way. A further 5 say-on-pay items were reported without a management mark and are not counted in that figure.

How often does PFM Multi-Manager Series Trust vote against management?

8.7% of the time in the year to 30 June 2026: 702 of the 8,103 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 PFM Multi-Manager Series Trust support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 34 votes on proposals from security holders in the year to 30 June 2026 and voted for 1 of them (2.9%). Across every category it voted for 19.5% 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 PFM Multi-Manager Series Trust (filer no. 1696729), 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.