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Perpetual Americas Funds Trust
fund voting report
- Vote records reported
- 11,205year to 30 June 2026
- Against management
- 16.4%1,781 of 10,833 marked votes
- Say-on-pay support
- 45.7%for, of for + against + abstain
- Shareholder-proposal support
- 50.4%for, of for + against + abstain
foragainstabstain, withhold or otheramber tick: the portion cast against management
In its Form N-PX for the year to 30 June 2026, Perpetual Americas Funds Trust listed 11,205 vote records. Votes against management made up 16.4% of those marked either way (1,781 of 10,833); the median fund registrant stood at 6.2%.
Weighted by the number of shares voted, the against-management share is 9.6%. 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 45.7% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 50.4% of the proposals put forward by security holders (the median fund registrant: 27.5%).
By category, votes against management were most frequent in SECTION 14A SAY-ON-PAY VOTES (52.0% of 246), COMPENSATION (25.8% of 1,060) and OTHER SOCIAL ISSUES (23.5% of 102).
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 | 16.4% | 6.2% | 10.6% |
| Say-on-pay support rate | 45.7% | 91.6% | 86.0% |
| Shareholder-proposal support rate | 50.4% | 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 | 5,012 | 3,847 | 883 | 20.5% | |
| SECTION 14A SAY-ON-PAY VOTES | 247 | 105 | 125 | 52.0% | |
| AUDIT-RELATED | 694 | 658 | 31 | 4.8% | |
| INVESTMENT COMPANY MATTERS | 1 | 1 | 0 | 0.0% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 22 | 14 | 2 | 33.3% | |
| EXTRAORDINARY TRANSACTIONS | 158 | 143 | 15 | 9.5% | |
| CAPITAL STRUCTURE | 1,359 | 1,248 | 107 | 8.0% | |
| COMPENSATION | 1,081 | 786 | 267 | 25.8% | |
| CORPORATE GOVERNANCE | 2,709 | 2,451 | 223 | 8.2% | |
| ENVIRONMENT OR CLIMATE | 72 | 29 | 43 | 16.7% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 26 | 17 | 9 | 19.2% | |
| DIVERSITY, EQUITY, AND INCLUSION | 32 | 13 | 19 | 3.1% | |
| OTHER SOCIAL ISSUES | 102 | 60 | 42 | 23.5% | |
| OTHER | 80 | 65 | 15 | 0.0% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 7,445 | 19.1% | 38.0% | 54.1% | |
| year to 30 June 2025 | 11,105 | 16.5% | 48.7% | 38.1% | |
| year to 30 June 2026 | 11,205 | 16.4% | 45.7% | 50.4% |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, Perpetual Americas Funds Trust voted against management on 117 of the 206 it marked either way (56.8%) in the year to 30 June 2026. The 40 companies with the most reporting filers are listed.
- Microsoft Corporation 5 Dec 2025
- NVIDIA Corporation 24 Jun 2026
- Alphabet Inc. 5 Jun 2026
- Apple Inc. 24 Feb 2026
- Visa Inc. 27 Jan 2026
- Netflix, Inc. 4 Jun 2026
- The Home Depot, Inc. 21 May 2026
- Merck & Co., Inc. 26 May 2026
- Bank of America Corporation 4 May 2026
- Cisco Systems, Inc. 16 Dec 2025
- UnitedHealth Group Incorporated 1 Jun 2026
- Costco Wholesale Corporation 15 Jan 2026
- Union Pacific Corporation 14 May 2026
- The TJX Companies, Inc. 9 Jun 2026
- ServiceNow, Inc. 21 May 2026
- Applied Materials, Inc. 12 Mar 2026
- Adobe Inc. 15 Apr 2026
- Intuit Inc. 22 Jan 2026
- Citigroup Inc. 20 May 2026
- Gilead Sciences, Inc. 30 Apr 2026
- Deere & Company 25 Feb 2026
- Starbucks Corporation 25 Mar 2026
- Stryker Corporation 6 May 2026
- Palo Alto Networks, Inc. 9 Dec 2025
- American Tower Corporation 20 May 2026
- Target Corporation 10 Jun 2026
- Prologis, Inc. 28 Apr 2026
- Intercontinental Exchange, Inc. 15 May 2026
- The PNC Financial Services Group, Inc. 22 Apr 2026
- TRANE TECHNOLOGIES PLC 4 Jun 2026
- Vertex Pharmaceuticals Incorporated 13 May 2026
- Ecolab Inc. 7 May 2026
- FedEx Corporation 29 Sep 2025
- The Travelers Companies, Inc. 20 May 2026
- Waters Corporation 21 May 2026
- Quanta Services, Inc. 21 May 2026
- The Bank of New York Mellon Corporation 14 Apr 2026
- Elevance Health, Inc. 13 May 2026
- Westinghouse Air Brake Technologies Corporation 12 May 2026
- Cadence Design Systems, Inc. 7 May 2026
Shareholder proposals it supported
Of 198 proposals from security holders that could be told apart in the filings and on which it cast a vote, Perpetual Americas Funds Trust voted for 93 (47.0%). 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 Al and Machine Learning Tools for Oil and Gas Development and Production |
| Microsoft Corporation | 5 Dec 2025 | Report on Al Data Usage Oversight |
| Microsoft Corporation | 5 Dec 2025 | Report on Data Operations in Human Rights Hotspots |
| 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 data usage oversight |
| 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 AI Board oversight |
| 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 |
| Apple Inc. | 24 Feb 2026 | A shareholder proposal entitled "China Entanglement Audit" |
| Visa Inc. | 27 Jan 2026 | Shareholder proposal on shareholder right to act by written consent. |
| Visa Inc. | 27 Jan 2026 | Shareholder proposal on report on online sexual exploitation. |
| Visa Inc. | 27 Jan 2026 | Require Independent Board Chair |
| Netflix, Inc. | 4 Jun 2026 | Stockholder proposal entitled, "Proposal 4 - Shareholder Right to Act by Written Consent," |
| The Home Depot, Inc. | 21 May 2026 | Shareholder Proposal Regarding Biodiversity Impact and Dependency Assessment |
| The Home Depot, Inc. | 21 May 2026 | Shareholder Proposal Regarding Report on Customer Data Privacy Risks |
| The Home Depot, Inc. | 21 May 2026 | Shareholder Proposal Regarding Report on Packaging Policies for Plastics |
| The Home Depot, Inc. | 21 May 2026 | Shareholder Proposal Regarding Independent Board Chair |
| The Home Depot, Inc. | 21 May 2026 | Shareholder Proposal Regarding Report on Sufficiency of Associates' Access to Healthcare |
| Merck & Co., Inc. | 26 May 2026 | Shareholder proposal regarding a report on political contributions. |
| Bank of America Corporation | 4 May 2026 | Shareholder proposal requesting independent board chair |
| Bank of America Corporation | 4 May 2026 | Shareholder proposal requesting report on board oversight of risks related to animal welfare |
| Berkshire Hathaway Inc. | 2 May 2026 | Shareholder proposal requesting that the Company issue a report disclosing the Board's oversight framework... |
| UnitedHealth Group Incorporated | 1 Jun 2026 | If properly presented at the 2026 Annual Meeting of Shareholders, the shareholder proposal requesting the... |
| QUALCOMM Incorporated | 17 Mar 2026 | Stockholder proposal entitled "Shareholder Ability to Call for a Special Meeting." |
| Wells Fargo & Company | 28 Apr 2026 | Shareholder Proposal - Govern by Majority Vote. |
| ServiceNow, Inc. | 21 May 2026 | Shareholder proposal regarding shareholder right to act by written consent. |
| Gilead Sciences, Inc. | 30 Apr 2026 | To vote on a stockholder proposal requesting an independent Board Chair policy |
| Gilead Sciences, Inc. | 30 Apr 2026 | To vote on a stockholder proposal requesting a report on the impact of extended patent exclusivities on... |
| Deere & Company | 25 Feb 2026 | Shareholder proposal on shareholder right to act by written consent |
| 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 |
| LOCKHEED MARTIN CORPORATION | 12 May 2026 | Stockholder Proposal Requiring Independent Board Chairman |
| Palo Alto Networks, Inc. | 9 Dec 2025 | To consider and vote upon a shareholder proposal, if properly presented at the Annual Meeting, regarding... |
| Palo Alto Networks, Inc. | 9 Dec 2025 | To consider and vote upon a shareholder proposal, if properly presented at the Annual Meeting, regarding a... |
| CVS Health Corporation | 14 May 2026 | Stockholder Proposal for Reducing the Threshold for Our Stockholder Right to Act By Written Consent. |
Shares on loan
Perpetual Americas Funds Trust 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
13 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 |
|---|---|---|---|---|
| JOHCM Emerging Markets Discovery Fund | 1,610 | 12.2% | not reported | 18.2% |
| Trillium ESG Global Equity Fund | 1,388 | 37.1% | 0.0% | 65.4% |
| Barrow Hanley International Value Fund | 1,183 | 10.9% | 80.0% | 9.5% |
| Barrow Hanley US Value Opportunities Fund | 989 | 7.6% | 94.3% | 33.3% |
| Barrow Hanley Emerging Markets Value Fund | 920 | 20.4% | not reported | not reported |
| TSW Emerging Markets Fund | 865 | 16.4% | not reported | not reported |
| JOHCM Emerging Markets Opportunities Fund | 841 | 12.0% | not reported | 100.0% |
| JOHCM International Opportunities Fund | 830 | 5.7% | not reported | 19.0% |
| JOHCM International Select Fund | 820 | 4.3% | not reported | 50.0% |
| Trillium ESG Small/Mid Cap Fund | 756 | 32.8% | 0.0% | 75.0% |
| TSW Large Cap Value Fund | 539 | 8.7% | 81.1% | 30.0% |
| Barrow Hanley Concentrated Emerging Markets ESG Opportunities Fund | 457 | 23.6% | not reported | not reported |
| JOHCM Global Select Fund | 7 | 0.0% | not reported | not reported |
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 21 Aug 2026 accession 0001193125-26-361144
- Every N-PX filing by this filer on EDGAR
Questions
How did Perpetual Americas Funds Trust vote on executive pay?
In the year to 30 June 2026 Perpetual Americas Funds Trust reported 230 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 105 were for (45.7%), 125 against and 0 abstentions. Counting one item per company meeting, it voted against management on 117 of the 206 say-on-pay items it marked either way.
How often does Perpetual Americas Funds Trust vote against management?
16.4% of the time in the year to 30 June 2026: 1,781 of the 10,833 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 Perpetual Americas Funds Trust support shareholder proposals on climate?
In the category ENVIRONMENT OR CLIMATE it reported 55 votes on proposals from security holders in the year to 30 June 2026 and voted for 12 of them (21.8%). Across every category it voted for 50.4% 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 Perpetual Americas Funds Trust (filer no. 1830437), 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.