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Form N-PX · fund registrantSEC filer no. 719608

NEW ECONOMY FUND

fund voting report, part of Capital Group and American Funds

Vote records reported
2,166year to 30 June 2026
Against management
4.5%97 of 2,134 marked votes
Say-on-pay support
75.0%for, of for + against + abstain
Shareholder-proposal support
35.7%for, of for + against + abstain
93.0% for6.5% against0.5% other4.5% against management2,160 votes

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

In its Form N-PX for the year to 30 June 2026, NEW ECONOMY FUND listed 2,166 vote records. Votes against management made up 4.5% of those marked either way (97 of 2,134); the median fund registrant stood at 6.2%.

Weighted by the number of shares voted, the against-management share is 3.3%. 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 75.0% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 35.7% 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 (24.5% of 106), CAPITAL STRUCTURE (10.9% of 174) and CORPORATE GOVERNANCE (9.4% of 266).

It reported 12.5 million shares out on loan at record dates, 0.22% 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 rate75.0%91.6%86.0%
Shareholder-proposal support rate35.7%27.5%33.9%
Shares on loan, share of shares held0.22%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 ELECTIONS1,2111,20060.7%
SECTION 14A SAY-ON-PAY VOTES106782624.5%
AUDIT-RELATED17117010.0%
INVESTMENT COMPANY MATTERS1100.0%
SHAREHOLDER RIGHTS AND DEFENSES75257.1%
EXTRAORDINARY TRANSACTIONS5500.0%
CAPITAL STRUCTURE1741571710.9%
COMPENSATION181161169.2%
CORPORATE GOVERNANCE281256259.4%
ENVIRONMENT OR CLIMATE307230.0%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE166100.0%
DIVERSITY, EQUITY, AND INCLUSION206140.0%
OTHER SOCIAL ISSUES4710372.1%
OTHER3300.0%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 20242,8833.0%79.7%14.9%
year to 30 June 20252,6114.2%77.9%21.6%
year to 30 June 20262,1664.5%75.0%35.7%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, NEW ECONOMY FUND voted against management on 25 of the 101 it marked either way (24.8%) in the year to 30 June 2026.

Shareholder proposals it supported

Of 99 proposals from security holders that could be told apart in the filings and on which it cast a vote, NEW ECONOMY FUND voted for 32 (32.3%). 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.
Eli Lilly and Company4 May 2026Shareholder proposal to adopt a policy and amend the bylaws to require an independent board chair.
Netflix, Inc.4 Jun 2026Stockholder proposal entitled, "Proposal 4 - Shareholder Right to Act by Written Consent,"
Tesla, Inc.6 Nov 2025A shareholder proposal to amend the bylaws to repeal 3% derivative suit ownership threshold.
Tesla, Inc.6 Nov 2025A shareholder proposal to seek shareholder approval before adopting an amendment to the bylaws pursuant to...
Tesla, Inc.6 Nov 2025Declassify the Board of Directors
Tesla, Inc.6 Nov 2025Shareholder proposal: CORPORATE GOVERNANCE
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
Palo Alto Networks, Inc.9 Dec 2025To consider and vote upon a shareholder proposal, if properly presented at the Annual Meeting, regarding...
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...
Synopsys, Inc.16 Apr 2026To vote on a stockholder proposal regarding 'stockholders' right to act by written consent
AppLovin Corporation3 Jun 2026Stockholder proposal regarding disclosure of voting results by class of shares
SHOPIFY INC.16 Jun 2026Adopt a Policy on Responsible Use of Artificial Intelligence ("AI") in the Company's Business and Operations
Carvana Co.5 May 2026To vote upon one stockholder proposal, as described in the Proxy Statement.
HubSpot, Inc.15 Jun 2026A stockholder proposal to change the Company's Sixth Amended and Restated Bylaws to allow 10% holders of...
Leonardo SpA7 May 2026Shareholder proposal: CORPORATE GOVERNANCE
Leonardo SpA7 May 2026Fix Board Terms for Directors
Leonardo SpA7 May 2026Fix Number of Directors
Lottomatica Group SpA20 Apr 2026Shareholder proposal: AUDIT-RELATED
Lottomatica Group SpA20 Apr 2026Shareholder proposal: CORPORATE GOVERNANCE
Lottomatica Group SpA20 Apr 2026Shareholder proposal: CORPORATE GOVERNANCE
Lottomatica Group SpA20 Apr 2026Fix Board Terms for Directors
Lottomatica Group SpA20 Apr 2026Fix Number of Directors

Shares on loan

NEW ECONOMY FUND reported 12.5 million shares on loan at record dates against 5.65 billion shares voted: 0.22% 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
NEW ECONOMY FUND2,1664.5%74.8%31.7%

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 NEW ECONOMY FUND vote on executive pay?

In the year to 30 June 2026 NEW ECONOMY FUND reported 104 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 78 were for (75.0%), 26 against and 0 abstentions. Counting one item per company meeting, it voted against management on 25 of the 101 say-on-pay items it marked either way.

How often does NEW ECONOMY FUND vote against management?

4.5% of the time in the year to 30 June 2026: 97 of the 2,134 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 NEW ECONOMY FUND support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 23 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 35.7% 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 NEW ECONOMY FUND (filer no. 719608), 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.