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Form N-PX · fund registrantSEC filer no. 205323

FIDELITY COMMONWEALTH TRUST

fund voting report, part of Fidelity

Vote records reported
9,107year to 30 June 2026
Against management
4.5%398 of 8,864 marked votes
Say-on-pay support
93.8%for, of for + against + abstain
Shareholder-proposal support
16.1%for, of for + against + abstain
93.2% for4.5% against2.3% other4.5% against management8,878 votes

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

For the year to 30 June 2026, FIDELITY COMMONWEALTH TRUST reported 9,107 vote records on Form N-PX. 398 of the 8,864 votes that were marked for or against management went against management: 4.5%, 1.7 percentage points below the median fund registrant (6.2%).

Weighted by the number of shares voted, the against-management share is 4.5%. 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 93.8% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 16.1% 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 (25.0% of 36), CAPITAL STRUCTURE (20.7% of 193) and CORPORATE GOVERNANCE (14.3% of 412).

It reported 115.3 million shares out on loan at record dates, 13.01% 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 share4.5%6.2%10.6%
Say-on-pay support rate93.8%91.6%86.0%
Shareholder-proposal support rate16.1%27.5%33.9%
Shares on loan, share of shares held13.01%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%

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 ELECTIONS5,8385,660673.0%
SECTION 14A SAY-ON-PAY VOTES898759506.3%
AUDIT-RELATED92592050.5%
SHAREHOLDER RIGHTS AND DEFENSES3631525.0%
EXTRAORDINARY TRANSACTIONS106901614.2%
CAPITAL STRUCTURE1931573620.7%
COMPENSATION4273725511.9%
CORPORATE GOVERNANCE42032010014.3%
ENVIRONMENT OR CLIMATE301290.0%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE180180.0%
DIVERSITY, EQUITY, AND INCLUSION200200.0%
OTHER SOCIAL ISSUES575521.8%
OTHER6240.0%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 20249,2887.2%93.5%18.7%
year to 30 June 20259,3294.6%93.9%15.4%
year to 30 June 20269,1074.5%93.8%16.1%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, FIDELITY COMMONWEALTH TRUST voted against management on 46 of the 787 it marked either way (5.8%) in the year to 30 June 2026. The 40 companies with the most reporting filers are listed.

A further 3 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 167 proposals from security holders that could be told apart in the filings and on which it cast a vote, FIDELITY COMMONWEALTH TRUST voted for 27 (16.2%). Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.

CompanyMeetingProposal
NVIDIA Corporation24 Jun 2026Approval of a non-binding stockholder proposal requesting the replacement of supermajority voting...
Alphabet Inc.5 Jun 2026Shareholder proposal regarding equal shareholder voting
Tesla, Inc.6 Nov 2025A shareholder proposal to amend the bylaws to repeal 3% derivative suit ownership threshold.
Tesla, Inc.6 Nov 2025Declassify the Board of Directors
Tesla, Inc.6 Nov 2025Shareholder proposal: CORPORATE GOVERNANCE
Starbucks Corporation25 Mar 2026Shareholder proposal requesting supermajority shareholder voting requirements be replaced with majority...
Palo Alto Networks, Inc.9 Dec 2025To consider and vote upon a shareholder proposal, if properly presented at the Annual Meeting, regarding...
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.
AppLovin Corporation3 Jun 2026Stockholder proposal regarding disclosure of voting results by class of shares
Airbnb, Inc.5 Jun 2026Dual-class sunset; and
Datadog, Inc.15 Jun 2026The stockholder proposal, if properly presented at the Annual Meeting, requesting the adoption of a simple...
Workday, Inc.16 Jun 2026To consider and vote upon a stockholder proposal regarding disclosure of voting results based on share class.
ON Semiconductor Corporation14 May 2026To vote on a stockholder proposal regarding simple majority voting
lululemon athletica inc.25 Jun 2026Declassify the Board of Directors
Zscaler, Inc.12 Jan 2026To vote on a non-binding stockholder proposal requesting the declassification of our board of directors.
Campbell Soup Company18 Nov 2025To vote on a shareholder proposal regarding simple majority voting.
Henry Schein, Inc.21 May 2026Proposal to approve, by non-binding vote, a shareholder proposal to Govern by Majority Vote.
Five Below, Inc.16 Jun 2026Shareholder proposal requesting that provisions in the Company's governance documents requiring greater...
Fox Corporation14 Nov 2025Simple Majority Vote.
The Wendy's Company20 May 2026S/h proposal - corporate governance
PENN Entertainment, Inc.16 Jun 2026Declassify the board of directors
Pilgrim's Pride Corporation29 Apr 2026A stockholder proposal to provide a political spending disclosure.
Columbia Sportswear Company10 Jun 2026Shareholder proposal regarding proxy access.
BlackLine, Inc.7 May 2026Declassify the board of directors
Avis Budget Group, Inc.20 May 2026Adopt simple majority vote

Shares on loan

FIDELITY COMMONWEALTH TRUST reported 115.3 million shares on loan at record dates against 771.0 million shares voted: 13.01% 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

1 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
Fidelity Nasdaq Composite Index ETF9,1074.5%94.0%16.1%

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 FIDELITY COMMONWEALTH TRUST vote on executive pay?

In the year to 30 June 2026 FIDELITY COMMONWEALTH TRUST reported 809 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 759 were for (93.8%), 50 against and 0 abstentions. Counting one item per company meeting, it voted against management on 46 of the 787 say-on-pay items it marked either way. A further 3 say-on-pay items were reported without a management mark and are not counted in that figure.

How often does FIDELITY COMMONWEALTH TRUST vote against management?

4.5% of the time in the year to 30 June 2026: 398 of the 8,864 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 FIDELITY COMMONWEALTH TRUST support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 29 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 16.1% 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 FIDELITY COMMONWEALTH TRUST (filer no. 205323), 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.