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Form N-PX · fund registrantSEC filer no. 319676

Calvert Management Series

fund voting report, part of Morgan Stanley, Eaton Vance and Calvert

Vote records reported
3,161year to 30 June 2026
Against management
29.3%912 of 3,113 marked votes
Say-on-pay support
30.7%for, of for + against + abstain
Shareholder-proposal support
62.4%for, of for + against + abstain
70.1% for22.7% against7.2% other29.3% against management3,161 votes

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

In its Form N-PX for the year to 30 June 2026, Calvert Management Series listed 3,161 vote records. Votes against management made up 29.3% of those marked either way (912 of 3,113); the median fund registrant stood at 6.2%.

Weighted by the number of shares voted, the against-management share is 32.2%. 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 30.7% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 62.4% 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 (62.6% of 195), DIRECTOR ELECTIONS (38.4% of 1,785) and ENVIRONMENT OR CLIMATE (32.0% of 25).

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 share29.3%6.2%10.6%
Say-on-pay support rate30.7%91.6%86.0%
Shareholder-proposal support rate62.4%27.5%33.9%
Shares on loan, share of shares held0.00%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 ELECTIONS1,8081,10249838.4%
SECTION 14A SAY-ON-PAY VOTES1955412262.6%
AUDIT-RELATED26726250.8%
SHAREHOLDER RIGHTS AND DEFENSES119210.0%
EXTRAORDINARY TRANSACTIONS151416.7%
CAPITAL STRUCTURE21521142.3%
COMPENSATION2492004919.3%
CORPORATE GOVERNANCE4213813811.3%
ENVIRONMENT OR CLIMATE25151032.0%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE88025.0%
DIVERSITY, EQUITY, AND INCLUSION12660.0%
OTHER SOCIAL ISSUES37241327.0%
OTHER5500.0%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 20244,09327.7%39.6%70.7%
year to 30 June 20253,41328.3%39.7%72.8%
year to 30 June 20263,16129.3%30.7%62.4%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, Calvert Management Series voted against management on 67 of the 98 it marked either way (68.4%) in the year to 30 June 2026. The 40 companies with the most reporting filers are listed.

Shareholder proposals it supported

Of 65 proposals from security holders that could be told apart in the filings and on which it cast a vote, Calvert Management Series voted for 42 (64.6%). 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.

CompanyMeetingProposal
Microsoft Corporation5 Dec 2025Report on Human Rights Due Diligence
Microsoft Corporation5 Dec 2025Report on Al Data Usage Oversight
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
Amazon.com, Inc.20 May 2026Shareholder proposal requesting additional reporting on impact of data centers on climate commitments
NVIDIA Corporation24 Jun 2026Approval of a non-binding stockholder proposal requesting reporting on greenhouse gas emissions from the...
NVIDIA Corporation24 Jun 2026Approval of a non-binding stockholder proposal requesting the replacement of supermajority voting...
Alphabet Inc.5 Jun 2026Shareholder proposal regarding a report on AI data usage oversight
Alphabet Inc.5 Jun 2026Shareholder proposal regarding a report on AI-generated misinformation
Alphabet Inc.5 Jun 2026Shareholder proposal regarding a report on data privacy
Alphabet Inc.5 Jun 2026Shareholder proposal regarding AI Board oversight
Alphabet Inc.5 Jun 2026Shareholder proposal regarding a report on impact of U.S. immigration policy
Alphabet Inc.5 Jun 2026Shareholder proposal regarding equal shareholder voting
Alphabet Inc.5 Jun 2026Shareholder proposal regarding an enhanced disclosure on climate goals
Visa Inc.27 Jan 2026Shareholder proposal on shareholder right to act by written consent.
JPMorgan Chase & Co.19 May 2026Independent board chairman
JPMorgan Chase & Co.19 May 2026Lobbying alignment
The Walt Disney Company18 Mar 2026Shareholder proposal, if properly presented at the meeting, requesting an independent review and report on...
NextEra Energy, Inc.21 May 2026Report on Plans to Reduce and Align GHG Emissions with Paris Agreement Goals
Micron Technology, Inc.15 Jan 2026Reduce Ownership Threshold for Shareholders to Call Special Meeting
Zoetis Inc.20 May 2026Shareholder proposal to permit shareholder action by written consent.
ON Semiconductor Corporation14 May 2026To vote on a stockholder proposal regarding simple majority voting
CDW Corporation21 May 2026To consider and act upon the stockholder proposal, if properly presented at the meeting, regarding...
Tyler Technologies, Inc.5 May 2026Shareholder Proposal Regarding Political Spending.
Cincinnati Financial Corporation2 May 2026A nonbinding shareholder proposal
Domino's Pizza, Inc.21 Apr 2026Shareholder proposal regarding an independent board chair requirement.
Domino's Pizza, Inc.21 Apr 2026Shareholder proposal: CORPORATE GOVERNANCE
Casey's General Stores, Inc.3 Sep 2025Shareholder proposal regarding Scope 3 greenhouse gas reduction targets.
NVR, Inc.7 May 2026Shareholder proposal to disclose greenhouse gas emissions.
NVR, Inc.7 May 2026Shareholder proposal to reduce the ownership threshold required to call a special meeting.
Wyndham Hotels & Resorts, Inc.14 May 2026To vote on a stockholder proposal, if properly presented at the meeting, regarding stockholder ability to...
FinecoBank SpA29 Apr 2026Shareholder proposal: AUDIT-RELATED
FinecoBank SpA29 Apr 2026Shareholder proposal: CORPORATE GOVERNANCE
Moncler SpA21 Apr 2026Shareholder proposal: AUDIT-RELATED
Moncler SpA21 Apr 2026Shareholder proposal: AUDIT-RELATED
Moncler SpA21 Apr 2026Shareholder proposal: CORPORATE GOVERNANCE
Recordati SpA29 Apr 2026Shareholder proposal: AUDIT-RELATED
Recordati SpA29 Apr 2026Shareholder proposal: AUDIT-RELATED
Recordati SpA29 Apr 2026Shareholder proposal: CORPORATE GOVERNANCE
Itau Unibanco Holding SA28 Apr 2026Shareholder proposal: AUDIT-RELATED

Shares on loan

Calvert Management Series 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

4 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
Calvert Global Small-Cap Equity Fund1,40331.2%30.3%83.3%
Calvert Small/Mid-Cap Fund77033.7%29.9%90.9%
Calvert Global Equity Fund62422.1%35.0%52.5%
Calvert Emerging Markets Focused Growth Fund36424.9%not reportednot 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.

Questions

How did Calvert Management Series vote on executive pay?

In the year to 30 June 2026 Calvert Management Series reported 176 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 54 were for (30.7%), 122 against and 0 abstentions. Counting one item per company meeting, it voted against management on 67 of the 98 say-on-pay items it marked either way.

How often does Calvert Management Series vote against management?

29.3% of the time in the year to 30 June 2026: 912 of the 3,113 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 Calvert Management Series support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 18 votes on proposals from security holders in the year to 30 June 2026 and voted for 8 of them (44.4%). Across every category it voted for 62.4% 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 Calvert Management Series (filer no. 319676), 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.