Home / Filers / NEW GERMANY FUND INC
NEW GERMANY FUND INC
fund voting report
- Vote records reported
- 813year to 30 June 2026
- Against management
- 13.0%104 of 799 marked votes
- Say-on-pay support
- not reportedfor, of for + against + abstain
- Shareholder-proposal support
- not reportedtoo few votes to show
foragainstabstain, withhold or otheramber tick: the portion cast against management
For the year to 30 June 2026, NEW GERMANY FUND INC reported 813 vote records on Form N-PX. 104 of the 799 votes that were marked for or against management went against management: 13.0%, 6.8 percentage points above the median fund registrant (6.2%).
Weighted by the number of shares voted, the against-management share is 4.9%. The two figures differ when the votes against management fall on larger or smaller holdings than the rest.
By category, votes against management were most frequent in DIRECTOR ELECTIONS (42.7% of 103), COMPENSATION (39.6% of 96) and CAPITAL STRUCTURE (7.4% of 95).
It reported 10.2 million shares out on loan at record dates, 8.94% 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 | 13.0% | 6.2% | 10.6% |
| Say-on-pay support rate | not reported | 91.6% | 86.0% |
| Shareholder-proposal support rate | not reported | 27.5% | 33.9% |
| Shares on loan, share of shares held | 8.94% | 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 | 103 | 59 | 44 | 42.7% | |
| AUDIT-RELATED | 103 | 101 | 2 | 1.9% | |
| EXTRAORDINARY TRANSACTIONS | 14 | 13 | 1 | 7.1% | |
| CAPITAL STRUCTURE | 95 | 88 | 7 | 7.4% | |
| COMPENSATION | 96 | 58 | 38 | 39.6% | |
| CORPORATE GOVERNANCE | 392 | 377 | 15 | 3.1% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 766 | 7.8% | not reported | not reported | |
| year to 30 June 2025 | 816 | 13.9% | not reported | not reported | |
| year to 30 June 2026 | 813 | 13.0% | not reported | not reported |
Say-on-pay votes against management
No say-on-pay items could be matched to company meetings for this season.
Shareholder proposals it supported
No separable proposals from security holders were reported for this season.
Shares on loan
NEW GERMANY FUND INC reported 10.2 million shares on loan at record dates against 103.6 million shares voted: 8.94% 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.
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 17 Aug 2026 accession 0000088053-26-000650
- Every N-PX filing by this filer on EDGAR
Questions
How did NEW GERMANY FUND INC vote on executive pay?
NEW GERMANY FUND INC reported no say-on-pay votes for the year to 30 June 2026.
How often does NEW GERMANY FUND INC vote against management?
13.0% of the time in the year to 30 June 2026: 104 of the 799 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 GERMANY FUND INC support shareholder proposals on climate?
It reported no votes on security-holder proposals in the category ENVIRONMENT OR CLIMATE for the year to 30 June 2026.
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 GERMANY FUND INC (filer no. 858706), 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.