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FIDELITY DEVONSHIRE TRUST
fund voting report, part of Fidelity
- Vote records reported
- 17,193year to 30 June 2026
- Against management
- 3.0%509 of 17,182 marked votes
- Say-on-pay support
- 97.6%for, of for + against + abstain
- Shareholder-proposal support
- 11.9%for, of for + against + abstain
foragainstabstain, withhold or otheramber tick: the portion cast against management
FIDELITY DEVONSHIRE TRUST reported 17,193 vote records for the year to 30 June 2026. It marked 3.0% of its votes as cast against management (509 of 17,182), 3.3 percentage points below the median fund registrant, which was 6.2%.
Weighted by the number of shares voted, the against-management share is 2.7%. 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 97.6% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 11.9% 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 (22.7% of 66), ENVIRONMENT OR CLIMATE (12.3% of 284) and EXTRAORDINARY TRANSACTIONS (10.1% of 89).
It reported 165.2 million shares out on loan at record dates, 2.30% 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 2026 | This filer | Median fund registrant | All filers pooled |
|---|---|---|---|
| Against-management share | 3.0% | 6.2% | 10.6% |
| Say-on-pay support rate | 97.6% | 91.6% | 86.0% |
| Shareholder-proposal support rate | 11.9% | 27.5% | 33.9% |
| Shares on loan, share of shares held | 2.30% | 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 | 12,093 | 11,782 | 134 | 2.6% | |
| SECTION 14A SAY-ON-PAY VOTES | 1,262 | 1,160 | 28 | 3.1% | |
| AUDIT-RELATED | 1,335 | 1,333 | 2 | 0.0% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 66 | 44 | 22 | 22.7% | |
| EXTRAORDINARY TRANSACTIONS | 89 | 80 | 9 | 10.1% | |
| CAPITAL STRUCTURE | 406 | 395 | 11 | 3.9% | |
| COMPENSATION | 574 | 537 | 37 | 4.0% | |
| CORPORATE GOVERNANCE | 953 | 584 | 362 | 7.9% | |
| ENVIRONMENT OR CLIMATE | 284 | 48 | 236 | 12.3% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 93 | 20 | 73 | 9.7% | |
| DIVERSITY, EQUITY, AND INCLUSION | 147 | 25 | 122 | 9.5% | |
| OTHER SOCIAL ISSUES | 352 | 45 | 307 | 2.6% | |
| OTHER | 13 | 8 | 5 | 0.0% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 17,742 | 2.3% | 97.5% | 13.8% | |
| year to 30 June 2025 | 17,497 | 2.9% | 98.5% | 14.2% | |
| year to 30 June 2026 | 17,193 | 3.0% | 97.6% | 11.9% |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, FIDELITY DEVONSHIRE TRUST voted against management on 13 of the 471 it marked either way (2.8%) in the year to 30 June 2026.
- Tesla, Inc. 6 Nov 2025
- WARNER BROS. DISCOVERY, INC. 23 Apr 2026
- WARNER BROS. DISCOVERY, INC. 9 Jun 2026
- Welltower Inc. 21 May 2026
- Williams-Sonoma, Inc. 18 Jun 2026
- Zoom Communications, Inc. 11 Jun 2026
- Corpay, Inc. 7 May 2026
- Invitation Homes Inc. 7 May 2026
- GXO Logistics, Inc. 20 May 2026
- Sanmina Corporation 9 Mar 2026
- Teleflex Incorporated 15 May 2026
- BGC Group, Inc. 12 Nov 2025
- Credit Acceptance Corporation 10 Jun 2026
Shareholder proposals it supported
Of 275 proposals from security holders that could be told apart in the filings and on which it cast a vote, FIDELITY DEVONSHIRE TRUST voted for 40 (14.5%). Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.
| Company | Meeting | Proposal |
|---|---|---|
| Amazon.com, Inc. | 20 May 2026 | Shareholder proposal requesting additional reporting on impact of data centers on climate commitments |
| 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 equal shareholder voting |
| Alphabet Inc. | 5 Jun 2026 | Shareholder proposal regarding an enhanced disclosure on climate goals |
| The Home Depot, Inc. | 21 May 2026 | Shareholder Proposal Regarding Report on Packaging Policies for Plastics |
| Berkshire Hathaway Inc. | 2 May 2026 | Shareholder proposal requesting that the Company issue a report disclosing the Board's oversight framework... |
| The Coca-Cola Company | 29 Apr 2026 | Vote on a shareowner proposal requesting a report on the extent of the Company's diversity, equity and... |
| The Coca-Cola Company | 29 Apr 2026 | Vote on a shareowner proposal requesting a report on the Company's plans to increase sustainability disclosure |
| Tesla, Inc. | 6 Nov 2025 | A shareholder proposal to amend the bylaws to repeal 3% derivative suit ownership threshold. |
| Tesla, Inc. | 6 Nov 2025 | A shareholder proposal to amend Article X of the bylaws. |
| Tesla, Inc. | 6 Nov 2025 | A shareholder proposal to seek shareholder approval before adopting an amendment to the bylaws pursuant to... |
| Tesla, Inc. | 6 Nov 2025 | Declassify the Board of Directors |
| Tesla, Inc. | 6 Nov 2025 | Shareholder proposal: CORPORATE GOVERNANCE |
| Wells Fargo & Company | 28 Apr 2026 | Shareholder Proposal - Govern by Majority Vote. |
| Starbucks Corporation | 25 Mar 2026 | Shareholder proposal requesting supermajority shareholder voting requirements be replaced with majority... |
| Meta Platforms, Inc. | 27 May 2026 | A shareholder proposal regarding annual vote regarding executive pay. |
| Meta Platforms, Inc. | 27 May 2026 | A shareholder proposal regarding disclosure of voting results by share class. |
| Meta Platforms, Inc. | 27 May 2026 | A shareholder proposal regarding report on climate change-related commitments. |
| United Parcel Service, Inc. | 7 May 2026 | To take steps to reduce the voting power of UPS class A stock from 10 votes per share to one vote per share. |
| Target Corporation | 10 Jun 2026 | Shareholder proposal: ENVIRONMENT OR CLIMATE |
| United Rentals, Inc. | 8 May 2026 | Advisory approval of executive compensation |
| AppLovin Corporation | 3 Jun 2026 | Stockholder proposal regarding disclosure of voting results by class of shares |
| WEC Energy Group, Inc. | 7 May 2026 | Stockholder proposal to govern by majority vote |
| Airbnb, Inc. | 5 Jun 2026 | Dual-class sunset; and |
| Lennar Corporation | 8 Apr 2026 | Vote on a stockholder proposal on Disclosure of Voting Result by Share Class. |
| Lennar Corporation | 8 Apr 2026 | Shareholder proposal: SHAREHOLDER RIGHTS AND DEFENSES |
| ON Semiconductor Corporation | 14 May 2026 | To vote on a stockholder proposal regarding simple majority voting |
| lululemon athletica inc. | 25 Jun 2026 | Declassify the Board of Directors |
| Domino's Pizza, Inc. | 21 Apr 2026 | Shareholder proposal: CORPORATE GOVERNANCE |
| BJ's Wholesale Club Holdings, Inc. | 18 Jun 2026 | Vote on a shareholder proposal regarding a report on deforestation in the company's own-brand supply chain |
| BJ's Wholesale Club Holdings, Inc. | 18 Jun 2026 | Vote on a shareholder proposal regarding a report on greenhouse gas emissions reduction efforts |
| Reliance, Inc. | 20 May 2026 | Company articles |
| Henry Schein, Inc. | 21 May 2026 | Proposal to approve, by non-binding vote, a shareholder proposal to Govern by Majority Vote. |
| Oshkosh Corporation | 5 May 2026 | Shareholder proposal: CORPORATE GOVERNANCE |
| Knight-Swift Transportation Holdings Inc. | 12 May 2026 | Vote on a stockholder proposal regarding support for transparency in political spending. |
| Mohawk Industries, Inc. | 21 May 2026 | Stockholder proposal regarding a majority vote standard. |
| Sonoco Products Company | 15 Apr 2026 | Advisory (non-binding) shareholder proposal - avoid brand damage from political spending. |
| Americold Realty Trust | 18 May 2026 | Other issues |
| PENN Entertainment, Inc. | 16 Jun 2026 | Declassify the board of directors |
| Galp Energia SGPS SA | 8 May 2026 | Appraise Management and Supervision of Company and Approve Vote of Confidence to Corporate Bodies |
Shares on loan
FIDELITY DEVONSHIRE TRUST reported 165.2 million shares on loan at record dates against 7.03 billion shares voted: 2.30% 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
8 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 |
|---|---|---|---|---|
| Fidelity Series All-Sector Equity Fund | 3,535 | 3.6% | 98.9% | 15.3% |
| Fidelity Mid Cap Value Fund | 2,127 | 3.1% | 96.4% | 10.5% |
| Fidelity Mid Cap Value K6 Fund | 2,127 | 3.1% | 96.4% | 10.5% |
| Fidelity Stock Selector Large Cap Value Fund | 2,065 | 2.8% | 97.8% | 10.9% |
| Fidelity Series Stock Selector Large Cap Value Fund | 2,065 | 2.8% | 97.8% | 10.9% |
| Fidelity Equity-Income Fund | 1,810 | 2.7% | 100.0% | 10.3% |
| Fidelity Equity-Income K6 Fund | 1,810 | 2.7% | 100.0% | 10.3% |
| Fidelity Series Value Discovery Fund | 1,654 | 2.4% | 98.0% | 13.4% |
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 0000035341-26-000168
- Every N-PX filing by this filer on EDGAR
Questions
How did FIDELITY DEVONSHIRE TRUST vote on executive pay?
In the year to 30 June 2026 FIDELITY DEVONSHIRE TRUST reported 1,188 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 1,160 were for (97.6%), 28 against and 0 abstentions. Counting one item per company meeting, it voted against management on 13 of the 471 say-on-pay items it marked either way.
How often does FIDELITY DEVONSHIRE TRUST vote against management?
3.0% of the time in the year to 30 June 2026: 509 of the 17,182 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 DEVONSHIRE TRUST support shareholder proposals on climate?
In the category ENVIRONMENT OR CLIMATE it reported 271 votes on proposals from security holders in the year to 30 June 2026 and voted for 35 of them (12.9%). Across every category it voted for 11.9% 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 DEVONSHIRE TRUST (filer no. 35341), 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.