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Form N-PX · fund registrantSEC filer no. 878719

ADVISORS' INNER CIRCLE FUND

fund voting report

Vote records reported
33,762year to 30 June 2026
Against management
8.9%2,897 of 32,713 marked votes
Say-on-pay support
89.1%for, of for + against + abstain
Shareholder-proposal support
40.7%for, of for + against + abstain
88.6% for8.4% against3.1% other8.9% against management33,585 votes

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

ADVISORS' INNER CIRCLE FUND reported 33,762 vote records for the year to 30 June 2026. It marked 8.9% of its votes as cast against management (2,897 of 32,713), 2.6 percentage points above the median fund registrant, which was 6.2%.

Weighted by the number of shares voted, the against-management share is 12.2%. 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 89.1% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 40.7% 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 (39.3% of 298), OTHER SOCIAL ISSUES (27.7% of 332) and HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE (20.7% of 111).

It reported 106.4 million shares out on loan at record dates, 1.20% 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 share8.9%6.2%10.6%
Say-on-pay support rate89.1%91.6%86.0%
Shareholder-proposal support rate40.7%27.5%33.9%
Shares on loan, share of shares held1.20%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 ELECTIONS18,49116,8211,0587.3%
SECTION 14A SAY-ON-PAY VOTES1,5671,33816110.4%
AUDIT-RELATED2,2972,215643.4%
INVESTMENT COMPANY MATTERS3300.0%
SHAREHOLDER RIGHTS AND DEFENSES3151999239.3%
EXTRAORDINARY TRANSACTIONS288268154.6%
CAPITAL STRUCTURE2,5092,2712089.9%
COMPENSATION2,2581,91132413.6%
CORPORATE GOVERNANCE5,6675,01046810.0%
ENVIRONMENT OR CLIMATE2275017615.0%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE111347720.7%
DIVERSITY, EQUITY, AND INCLUSION96247213.5%
OTHER SOCIAL ISSUES33714917827.7%
OTHER248160258.1%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 202415,72412.2%81.2%33.5%
year to 30 June 202535,7937.4%87.0%32.5%
year to 30 June 202633,7628.9%89.1%40.7%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, ADVISORS' INNER CIRCLE FUND voted against management on 69 of the 680 it marked either way (10.1%) in the year to 30 June 2026. The 40 companies with the most reporting filers are listed.

A further 2 say-on-pay items were reported without a management mark and are left out of both sides of that fraction.

Shareholder proposals it supported

Of 358 proposals from security holders that could be told apart in the filings and on which it cast a vote, ADVISORS' INNER CIRCLE FUND voted for 151 (42.2%). 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
Microsoft Corporation5 Dec 2025Report on Human Rights Due Diligence
Microsoft Corporation5 Dec 2025Report on Al and Machine Learning Tools for Oil and Gas Development and Production
Microsoft Corporation5 Dec 2025Report on Al Data Usage Oversight
Microsoft Corporation5 Dec 2025Report on Data Operations in Human Rights Hotspots
Amazon.com, Inc.20 May 2026Shareholder proposal requesting a mandatory independent board chair policy
Amazon.com, Inc.20 May 2026Shareholder proposal requesting additional reporting on impact of data centers on climate commitments
NVIDIA Corporation24 Jun 2026Approval of a non-binding stockholder proposal requesting the replacement of supermajority voting...
Alphabet Inc.5 Jun 2026Shareholder proposal regarding a report on AI data usage oversight
Alphabet Inc.5 Jun 2026Shareholder proposal regarding a report on AI-generated misinformation
Alphabet Inc.5 Jun 2026Shareholder proposal regarding equal shareholder voting
JPMorgan Chase & Co.19 May 2026Independent board chairman
JPMorgan Chase & Co.19 May 2026Lobbying alignment
The Home Depot, Inc.21 May 2026Shareholder Proposal Regarding Biodiversity Impact and Dependency Assessment
The Home Depot, Inc.21 May 2026Shareholder Proposal Regarding Report on Customer Data Privacy Risks
The Home Depot, Inc.21 May 2026Shareholder Proposal Regarding Report on Packaging Policies for Plastics
The Home Depot, Inc.21 May 2026Shareholder Proposal Regarding Report on Sufficiency of Associates' Access to Healthcare
Bank of America Corporation4 May 2026Shareholder proposal requesting independent board chair
Walmart Inc.4 Jun 2026Report on Immigration Policy & Enforcement
Berkshire Hathaway Inc.2 May 2026Shareholder proposal requesting that the Company issue a report disclosing the Board's oversight framework...
UnitedHealth Group Incorporated1 Jun 2026If properly presented at the 2026 Annual Meeting of Shareholders, the shareholder proposal requesting the...
PEPSICO, INC.6 May 2026Shareholder Proposal - 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 amend Article X of the bylaws.
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
Advanced Micro Devices, Inc.13 May 2026Stockholder proposal requesting changes to the stockholder right to call a special meeting.
GE Aerospace5 May 2026Shareholder Proposal Requesting Report on Defense-Related Products
McDonald's Corporation20 May 2026Advisory Vote to Adopt Policy for an Independent Chair.
McDonald's Corporation20 May 2026Advisory Vote on Shareholders' Right to Act by Written Consent.
NextEra Energy, Inc.21 May 2026Report on Plans to Reduce and Align GHG Emissions with Paris Agreement Goals
QUALCOMM Incorporated17 Mar 2026Stockholder proposal entitled "Shareholder Ability to Call for a Special Meeting."
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
Pfizer Inc.23 Apr 2026Adopt an Independent Chair Policy
AT&T INC.14 May 2026EEO-1 Report Disclosure Policy
Wells Fargo & Company28 Apr 2026Require Independent Board Chair
Amgen Inc.19 May 2026Stockholder proposal to require an independent board chairman.
Texas Instruments Incorporated16 Apr 2026Stockholder proposal to permit stockholders to act by written consent.
Bristol-Myers Squibb Company5 May 2026Require Independent Board Chair

Shares on loan

ADVISORS' INNER CIRCLE FUND reported 106.4 million shares on loan at record dates against 8.80 billion shares voted: 1.20% 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

25 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
Acadian Emerging Markets Portfolio6,47811.3%not reportednot reported
LSV Emerging Markets Equity Fund3,91813.1%not reported45.0%
LSV Global Value Fund3,4216.7%87.6%40.2%
LSV Conservative Value Equity Fund2,6668.4%87.2%43.3%
LSV Small Cap Value Fund2,1556.0%91.1%63.2%
LSV Global Managed Volatility Fund2,0835.7%92.3%27.9%
LSV Value Equity Fund1,8277.6%88.2%43.8%
LSV Disciplined Value ETF1,6549.8%86.1%41.9%
LSV U.S. Managed Volatility Fund1,5025.4%93.1%31.3%
CIBC Atlas Disciplined Equity Fund87912.3%85.7%66.7%
Cambiar International Equity Fund8752.7%90.3%not reported
CIBC Atlas Mid Cap Equity Fund77412.4%86.8%78.9%
CIBC Atlas Income Opportunities Fund73414.4%88.4%65.8%
Cambiar Opportunity Fund6814.6%93.0%21.6%
Sarofim Equity Fund6042.0%94.3%0.0%
Sands Capital Global Growth Fund4763.4%94.7%8.8%
CIBC Atlas Equity Income Fund4668.8%88.6%67.7%
Cambiar Small Cap Fund4456.1%97.6%not reported
CIBC Atlas All Cap Growth Fund41718.6%77.8%67.3%
Cambiar Aggressive Value ETF3723.8%95.7%18.2%
Cambiar SMID Fund36510.2%90.9%50.0%
Hamlin High Dividend Equity Fund3511.1%95.7%5.3%
Edgewood Growth Fund2970.3%100.0%4.5%
Haverford Quality Growth Stock Fund22529.8%100.0%31.6%
Rice Hall James Micro Cap Portfolio9710.4%70.0%not reported

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 ADVISORS' INNER CIRCLE FUND vote on executive pay?

In the year to 30 June 2026 ADVISORS' INNER CIRCLE FUND reported 1,501 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 1,338 were for (89.1%), 161 against and 2 abstentions. Counting one item per company meeting, it voted against management on 69 of the 680 say-on-pay items it marked either way. A further 2 say-on-pay items were reported without a management mark and are not counted in that figure.

How often does ADVISORS' INNER CIRCLE FUND vote against management?

8.9% of the time in the year to 30 June 2026: 2,897 of the 32,713 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 ADVISORS' INNER CIRCLE FUND support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 210 votes on proposals from security holders in the year to 30 June 2026 and voted for 34 of them (16.2%). Across every category it voted for 40.7% 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 ADVISORS' INNER CIRCLE FUND (filer no. 878719), 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.