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Principal Real Asset Fund
fund voting report
- Vote records reported
- 2,528year to 30 June 2026
- Against management
- 4.6%111 of 2,436 marked votes
- Say-on-pay support
- 97.5%for, of for + against + abstain
- Shareholder-proposal support
- 37.1%for, of for + against + abstain
foragainstabstain, withhold or otheramber tick: the portion cast against management
Principal Real Asset Fund reported 2,528 vote records for the year to 30 June 2026. It marked 4.6% of its votes as cast against management (111 of 2,436), 1.7 percentage points below the median fund registrant, which was 6.2%.
Weighted by the number of shares voted, the against-management share is 4.2%. 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 97.5% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 37.1% of the proposals put forward by security holders (the median fund registrant: 27.5%).
By category, votes against management were most frequent in COMPENSATION (12.2% of 229), EXTRAORDINARY TRANSACTIONS (7.7% of 26) and CORPORATE GOVERNANCE (6.5% of 353).
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 | 4.6% | 6.2% | 10.6% |
| Say-on-pay support rate | 97.5% | 91.6% | 86.0% |
| Shareholder-proposal support rate | 37.1% | 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 | 1,435 | 1,369 | 45 | 3.4% | |
| SECTION 14A SAY-ON-PAY VOTES | 84 | 77 | 2 | 2.4% | |
| AUDIT-RELATED | 169 | 164 | 5 | 2.5% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 6 | 6 | 0 | 0.0% | |
| EXTRAORDINARY TRANSACTIONS | 26 | 24 | 2 | 7.7% | |
| CAPITAL STRUCTURE | 211 | 200 | 11 | 5.2% | |
| COMPENSATION | 235 | 206 | 20 | 12.2% | |
| CORPORATE GOVERNANCE | 373 | 324 | 41 | 6.5% | |
| ENVIRONMENT OR CLIMATE | 20 | 8 | 12 | 5.0% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 10 | 5 | 5 | 0.0% | |
| DIVERSITY, EQUITY, AND INCLUSION | 6 | 5 | 1 | 0.0% | |
| OTHER SOCIAL ISSUES | 17 | 15 | 2 | 5.9% | |
| OTHER | 13 | 5 | 8 | 0.0% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 2,146 | 4.7% | 92.6% | 51.5% | |
| year to 30 June 2025 | 2,607 | 3.3% | 93.9% | 39.0% | |
| year to 30 June 2026 | 2,528 | 4.6% | 97.5% | 37.1% |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, Principal Real Asset Fund voted against management on 2 of the 78 it marked either way (2.6%) in the year to 30 June 2026.
A further 1 say-on-pay item was reported without a management mark and are left out of both sides of that fraction.
- Welltower Inc. 21 May 2026
- Simon Property Group, Inc. 13 May 2026
Shareholder proposals it supported
Of 50 proposals from security holders that could be told apart in the filings and on which it cast a vote, Principal Real Asset Fund voted for 14 (28.0%). Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.
| Company | Meeting | Proposal |
|---|---|---|
| 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 |
| Exxon Mobil Corporation | 27 May 2026 | Proposal requesting Company to modify its Voluntary Retail Voting Program to provide multiple options not... |
| Graphic Packaging Holding Company | 11 Jun 2026 | Stockholder Proposal - Give Shareholders the Ability to call for a Special Shareholder Meeting. |
| Eni SpA | 6 May 2026 | Shareholder proposal: AUDIT-RELATED |
| Eni SpA | 6 May 2026 | Shareholder proposal: AUDIT-RELATED |
| Eni SpA | 6 May 2026 | Shareholder proposal: CORPORATE GOVERNANCE |
| Eni SpA | 6 May 2026 | Shareholder proposal: CORPORATE GOVERNANCE |
| Petroleo Brasileiro SA | 16 Apr 2026 | Shareholder proposal: AUDIT-RELATED |
| EDP Renovaveis SA | 13 Apr 2026 | Shareholder proposal: CORPORATE GOVERNANCE |
| RUMO SA | 28 Apr 2026 | Shareholder proposal: AUDIT-RELATED |
| ENAV SpA | 14 May 2026 | Shareholder proposal: CORPORATE GOVERNANCE |
| ENAV SpA | 14 May 2026 | Fix Board Terms for Directors |
| Suzano SA | 23 Apr 2026 | Shareholder proposal: AUDIT-RELATED |
Shares on loan
Principal Real Asset Fund 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 27 Aug 2026 accession 0001756404-26-000034
- Every N-PX filing by this filer on EDGAR
Questions
How did Principal Real Asset Fund vote on executive pay?
In the year to 30 June 2026 Principal Real Asset Fund reported 79 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 77 were for (97.5%), 2 against and 0 abstentions. Counting one item per company meeting, it voted against management on 2 of the 78 say-on-pay items it marked either way. A further 1 say-on-pay item was reported without a management mark and are not counted in that figure.
How often does Principal Real Asset Fund vote against management?
4.6% of the time in the year to 30 June 2026: 111 of the 2,436 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 Principal Real Asset Fund support shareholder proposals on climate?
In the category ENVIRONMENT OR CLIMATE it reported 11 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 37.1% 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 Principal Real Asset Fund (filer no. 1756404), 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.