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Home / Capital Group and American Funds / AMERICAN FUNDS TAX EXEMPT SERIES II / CA

Form N-PX · fund registrantSEC filer no. 794389

AMERICAN FUNDS TAX EXEMPT SERIES II / CA

fund voting report, part of Capital Group and American Funds

Vote records reported
2,639year to 30 June 2026
Against management
2.9%76 of 2,637 marked votes
Say-on-pay support
91.5%for, of for + against + abstain
Shareholder-proposal support
23.5%for, of for + against + abstain
93.0% for6.7% against0.3% other2.9% against management2,642 votes

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

For the year to 30 June 2026, AMERICAN FUNDS TAX EXEMPT SERIES II / CA reported 2,639 vote records on Form N-PX. 76 of the 2,637 votes that were marked for or against management went against management: 2.9%, 3.3 percentage points below the median fund registrant (6.2%).

Weighted by the number of shares voted, the against-management share is 3.2%. 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 91.5% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 23.5% 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 (20.3% of 202), SECTION 14A SAY-ON-PAY VOTES (9.5% of 169) and DIVERSITY, EQUITY, AND INCLUSION (3.3% of 30).

It reported 2.7 million shares out on loan at record dates, 0.24% 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 share2.9%6.2%10.6%
Say-on-pay support rate91.5%91.6%86.0%
Shareholder-proposal support rate23.5%27.5%33.9%
Shares on loan, share of shares held0.24%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 ELECTIONS1,8291,817100.7%
SECTION 14A SAY-ON-PAY VOTES169150149.5%
AUDIT-RELATED18818800.0%
SHAREHOLDER RIGHTS AND DEFENSES126625.0%
EXTRAORDINARY TRANSACTIONS54120.0%
CAPITAL STRUCTURE626203.2%
COMPENSATION948863.2%
CORPORATE GOVERNANCE2061574920.3%
ENVIRONMENT OR CLIMATE483450.0%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE253220.0%
DIVERSITY, EQUITY, AND INCLUSION304263.3%
OTHER SOCIAL ISSUES715660.0%
OTHER100100.0%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 20242,8462.8%91.5%13.1%
year to 30 June 20252,6582.0%93.8%13.1%
year to 30 June 20262,6392.9%91.5%23.5%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, AMERICAN FUNDS TAX EXEMPT SERIES II / CA voted against management on 13 of the 163 it marked either way (8.0%) in the year to 30 June 2026.

Shareholder proposals it supported

Of 177 proposals from security holders that could be told apart in the filings and on which it cast a vote, AMERICAN FUNDS TAX EXEMPT SERIES II / CA voted for 43 (24.3%). 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
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
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
AT&T INC.14 May 2026EEO-1 Report Disclosure Policy
AT&T INC.14 May 2026Shareholder Right to Act by Written Consent
Wells Fargo & Company28 Apr 2026Shareholder Proposal - Govern by Majority Vote.
Texas Instruments Incorporated16 Apr 2026Stockholder proposal to permit stockholders to act by written consent.
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
Gilead Sciences, Inc.30 Apr 2026To vote on a stockholder proposal requesting an independent Board Chair policy
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.
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
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
Yum! Brands, Inc.14 May 2026Shareholder Proposal to Reduce the Percentage of Shares Required to Call a Special Meeting.
IDEXX Laboratories, Inc.12 May 2026Shareholder Proposal to Give Shareholders the Ability to Call for a Special Shareholder Meeting (Proposal...
Delta Air Lines, Inc.18 Jun 2026A shareholder proposal requesting the ability for shareholders to act by written consent.
Verisk Analytics, Inc.19 May 2026Shareholder Proposal - 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

Shares on loan

AMERICAN FUNDS TAX EXEMPT SERIES II / CA reported 2.7 million shares on loan at record dates against 1.10 billion shares voted: 0.24% 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
Tax-Exempt Fund of California2,6392.9%91.5%23.5%

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 TAX EXEMPT SERIES II / CA vote on executive pay?

In the year to 30 June 2026 AMERICAN FUNDS TAX EXEMPT SERIES II / CA reported 164 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 150 were for (91.5%), 14 against and 0 abstentions. Counting one item per company meeting, it voted against management on 13 of the 163 say-on-pay items it marked either way.

How often does AMERICAN FUNDS TAX EXEMPT SERIES II / CA vote against management?

2.9% of the time in the year to 30 June 2026: 76 of the 2,637 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 TAX EXEMPT SERIES II / CA support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 45 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 23.5% 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 TAX EXEMPT SERIES II / CA (filer no. 794389), 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.