Vote Scores

Home / Capital Group and American Funds / AMERICAN FUNDS FUNDAMENTAL INVESTORS

Form N-PX · fund registrantSEC filer no. 39473

AMERICAN FUNDS FUNDAMENTAL INVESTORS

fund voting report, part of Capital Group and American Funds

Vote records reported
3,121year to 30 June 2026
Against management
3.4%107 of 3,104 marked votes
Say-on-pay support
86.5%for, of for + against + abstain
Shareholder-proposal support
27.4%for, of for + against + abstain
93.8% for5.7% against0.6% other3.4% against management3,129 votes

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

AMERICAN FUNDS FUNDAMENTAL INVESTORS reported 3,121 vote records for the year to 30 June 2026. It marked 3.4% of its votes as cast against management (107 of 3,104), 2.8 percentage points below the median fund registrant, which was 6.2%.

Weighted by the number of shares voted, the against-management share is 3.5%. 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 86.5% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 27.4% of the proposals put forward by security holders (the median fund registrant: 27.5%).

By category, votes against management were most frequent in CORPORATE GOVERNANCE (13.7% of 313), SECTION 14A SAY-ON-PAY VOTES (13.5% of 178) and CAPITAL STRUCTURE (6.5% of 170).

It reported 266.0 million shares out on loan at record dates, 1.34% 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 share3.4%6.2%10.6%
Say-on-pay support rate86.5%91.6%86.0%
Shareholder-proposal support rate27.4%27.5%33.9%
Shares on loan, share of shares held1.34%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 ELECTIONS1,9661,94980.8%
SECTION 14A SAY-ON-PAY VOTES1781482313.5%
AUDIT-RELATED23823710.0%
SHAREHOLDER RIGHTS AND DEFENSES116420.0%
EXTRAORDINARY TRANSACTIONS109110.0%
CAPITAL STRUCTURE17016196.5%
COMPENSATION177163136.4%
CORPORATE GOVERNANCE3232824013.7%
ENVIRONMENT OR CLIMATE455400.0%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE204160.0%
DIVERSITY, EQUITY, AND INCLUSION224180.0%
OTHER SOCIAL ISSUES6712553.0%
OTHER62433.3%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 20243,6602.4%91.7%14.0%
year to 30 June 20253,0212.5%90.9%14.6%
year to 30 June 20263,1213.4%86.5%27.4%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, AMERICAN FUNDS FUNDAMENTAL INVESTORS voted against management on 22 of the 167 it marked either way (13.2%) in the year to 30 June 2026.

Shareholder proposals it supported

Of 155 proposals from security holders that could be told apart in the filings and on which it cast a vote, AMERICAN FUNDS FUNDAMENTAL INVESTORS voted for 41 (26.5%). 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
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
Visa Inc.27 Jan 2026Shareholder proposal on shareholder right to act by written consent.
Mastercard Incorporated16 Jun 2026Consideration of a stockholder proposal regarding shareholder right to act by written consent
Eli Lilly and Company4 May 2026Shareholder proposal to adopt a policy and amend the bylaws to require an independent board chair.
AbbVie Inc.8 May 2026Stockholder Proposal - to Adopt a Policy to Require an Independent Chair
Netflix, Inc.4 Jun 2026Stockholder proposal entitled, "Proposal 4 - Shareholder Right to Act by Written Consent,"
The Home Depot, Inc.21 May 2026Shareholder Proposal Regarding Independent Board Chair
CHEVRON CORPORATION27 May 2026Adopt an Independent Chair
International Business Machines Corporation28 Apr 2026Stockholder Proposal Requesting a Right to Act by Written Consent
CATERPILLAR INC.10 Jun 2026Shareholder Proposal - Shareholder Right to Act by Written Consent
Wells Fargo & Company28 Apr 2026Shareholder Proposal - Govern by Majority Vote.
Bristol-Myers Squibb Company5 May 2026Require Independent Board Chair
ConocoPhillips12 May 2026Stockholder Proposal - Independent Board Chairman.
The Goldman Sachs Group, Inc.29 Apr 2026Shareholder Proposal Regarding Special Shareholder Meeting Thresholds
Comcast Corporation10 Jun 2026Adopt policy to have an independent chair
S&P Global Inc.20 May 2026Vote on a shareholder proposal to reduce the stock ownership threshold for calling a special shareholder...
Deere & Company25 Feb 2026Shareholder proposal on shareholder right to act by written consent
Starbucks Corporation25 Mar 2026Shareholder proposal requesting supermajority shareholder voting requirements be replaced with majority...
THE BOEING COMPANY17 Apr 2026Action by Written Consent.
Micron Technology, Inc.15 Jan 2026Reduce Ownership Threshold for Shareholders to Call Special Meeting
CVS Health Corporation14 May 2026Stockholder Proposal for Reducing the Threshold for Our Stockholder Right to Act By Written Consent.
Mondelez International, Inc.20 May 2026Shareholder proposal requesting adoption of an independent board chairman policy
Boston Scientific Corporation30 Apr 2026Stockholder proposal titled "Give Shareholders the Ability to Call for a Special Shareholder Meeting."
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.
Vertex Pharmaceuticals Incorporated13 May 2026Shareholder proposal, if properly presented at the meeting, regarding shareholder right to act by written...
Yum! Brands, Inc.14 May 2026Shareholder Proposal to Reduce the Percentage of Shares Required to Call a Special Meeting.
AppLovin Corporation3 Jun 2026Stockholder proposal regarding disclosure of voting results by class of shares
Keysight Technologies, Inc.19 Mar 2026Consider, on a non-binding advisory basis, a Stockholder Proposal: Shareholder Ability to Call for a...
SHOPIFY INC.16 Jun 2026Adopt a Policy on Responsible Use of Artificial Intelligence ("AI") in the Company's Business and Operations
Verisk Analytics, Inc.19 May 2026Shareholder Proposal - Shareholder Right to Act by Written Consent.
Charter Communications, Inc.21 Apr 2026Stockholder proposal regarding political expenditures report.
United Airlines Holdings, Inc.19 May 2026Advisory vote on stockholder proposal entitled "Shareholder Right to Act by Written Consent".
Church & Dwight Co., Inc.1 May 2026Stockholder Proposal - Permit Stockholder Action by Written Consent.
Humana Inc.16 Apr 2026The stockholder proposal requesting shareholder approval requirement for excessive golden parachutes
Dollar Tree, Inc.16 Jun 2026Shareholder proposal requesting a shareholder right to act by written consent.
Carvana Co.5 May 2026To vote upon one stockholder proposal, as described in the Proxy Statement.
Exxon Mobil Corporation27 May 2026Shareholder proposal: CORPORATE GOVERNANCE

Shares on loan

AMERICAN FUNDS FUNDAMENTAL INVESTORS reported 266.0 million shares on loan at record dates against 19.58 billion shares voted: 1.34% 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
AMERICAN FUNDS FUNDAMENTAL INVESTORS3,1213.4%86.5%25.9%

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 AMERICAN FUNDS FUNDAMENTAL INVESTORS vote on executive pay?

In the year to 30 June 2026 AMERICAN FUNDS FUNDAMENTAL INVESTORS reported 171 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 148 were for (86.5%), 23 against and 0 abstentions. Counting one item per company meeting, it voted against management on 22 of the 167 say-on-pay items it marked either way.

How often does AMERICAN FUNDS FUNDAMENTAL INVESTORS vote against management?

3.4% of the time in the year to 30 June 2026: 107 of the 3,104 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 AMERICAN FUNDS FUNDAMENTAL INVESTORS support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 40 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 27.4% 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 AMERICAN FUNDS FUNDAMENTAL INVESTORS (filer no. 39473), 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.