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Legg Mason ETF Investment Trust II
fund voting report, part of Franklin Templeton
- Vote records reported
- 59year to 30 June 2025
- Against management
- 5.1%3 of 59 marked votes
- Say-on-pay support
- not reportedfor, of for + against + abstain
- Shareholder-proposal support
- 22.2%for, of for + against + abstain
foragainstabstain, withhold or otheramber tick: the portion cast against management
For the year to 30 June 2025, Legg Mason ETF Investment Trust II reported 59 vote records on Form N-PX. 3 of the 59 votes that were marked for or against management went against management: 5.1%, 1.0 percentage points below the median fund registrant (6.1%).
Weighted by the number of shares voted, the against-management share is 1.8%. 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 22.2% of the proposals put forward by security holders (the median fund registrant: 23.5%).
Compared with other filers
Each rate is defined once, in the methodology. The median is taken over 1,260 fund registrants with at least 25 vote records in the season.
| year to 30 June 2025 | This filer | Median fund registrant | All filers pooled |
|---|---|---|---|
| Against-management share | 5.1% | 6.1% | 9.7% |
| Say-on-pay support rate | not reported | 91.3% | 84.3% |
| Shareholder-proposal support rate | 22.2% | 23.5% | 33.0% |
| Shares on loan, share of shares held | 0.00% | 0.00% | 2.20% |
| 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 | 40 | 40 | 0 | 0.0% | |
| SECTION 14A SAY-ON-PAY VOTES | 4 | 4 | 0 | 0.0% | |
| AUDIT-RELATED | 4 | 4 | 0 | 0.0% | |
| COMPENSATION | 1 | 1 | 0 | 0.0% | |
| CORPORATE GOVERNANCE | 2 | 0 | 2 | 50.0% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 2 | 1 | 1 | 50.0% | |
| OTHER SOCIAL ISSUES | 6 | 1 | 5 | 16.7% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 618 | 5.3% | 90.6% | 30.9% | |
| year to 30 June 2025 | 59 | 5.1% | not reported | 22.2% |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, Legg Mason ETF Investment Trust II voted against management on 0 of the 4 it marked either way (0.0%) in the year to 30 June 2025.
Shareholder proposals it supported
Of 9 proposals from security holders that could be told apart in the filings and on which it cast a vote, Legg Mason ETF Investment Trust II voted for 2 (22.2%). 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 | 10 Dec 2024 | Report on Data Operations in Human Rights Hotspots |
| Microsoft Corporation | 10 Dec 2024 | Report on AI Data Sourcing Accountability |
Shares on loan
Legg Mason ETF Investment Trust II reported no shares on loan for the year to 30 June 2025. 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 |
|---|---|---|---|---|
| ClearBridge Focus Value ESG ETF | 59 | 5.1% | not reported | 22.2% |
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 15 Aug 2025 accession 0001193125-25-181516
- Every N-PX filing by this filer on EDGAR
Questions
How did Legg Mason ETF Investment Trust II vote on executive pay?
In the year to 30 June 2025 Legg Mason ETF Investment Trust II reported 4 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 4 were for (100.0%), 0 against and 0 abstentions. Counting one item per company meeting, it voted against management on 0 of the 4 say-on-pay items it marked either way.
How often does Legg Mason ETF Investment Trust II vote against management?
5.1% of the time in the year to 30 June 2025: 3 of the 59 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 Legg Mason ETF Investment Trust II support shareholder proposals on climate?
It reported no votes on security-holder proposals in the category ENVIRONMENT OR CLIMATE for the year to 30 June 2025. Across every category it voted for 22.2% of security-holder proposals.
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 Legg Mason ETF Investment Trust II (filer no. 1792795), 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.