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DEUTSCHE DWS SECURITIES TRUST
fund voting report, part of DWS
- Vote records reported
- 3,583year to 30 June 2026
- Against management
- 9.5%341 of 3,581 marked votes
- Say-on-pay support
- 78.2%for, of for + against + abstain
- Shareholder-proposal support
- 52.3%for, of for + against + abstain
foragainstabstain, withhold or otheramber tick: the portion cast against management
DEUTSCHE DWS SECURITIES TRUST reported 3,583 vote records for the year to 30 June 2026. It marked 9.5% of its votes as cast against management (341 of 3,581), 3.3 percentage points above the median fund registrant, which was 6.2%.
Weighted by the number of shares voted, the against-management share is 8.3%. 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 78.2% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 52.3% of the proposals put forward by security holders (the median fund registrant: 27.5%).
By category, votes against management were most frequent in OTHER SOCIAL ISSUES (41.8% of 67), SECTION 14A SAY-ON-PAY VOTES (20.5% of 219) and SHAREHOLDER RIGHTS AND DEFENSES (20.0% of 30).
It reported 5.4 million shares out on loan at record dates, 1.33% 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 | 9.5% | 6.2% | 10.6% |
| Say-on-pay support rate | 78.2% | 91.6% | 86.0% |
| Shareholder-proposal support rate | 52.3% | 27.5% | 33.9% |
| Shares on loan, share of shares held | 1.33% | 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 | 2,193 | 2,053 | 66 | 6.4% | |
| SECTION 14A SAY-ON-PAY VOTES | 219 | 161 | 45 | 20.5% | |
| AUDIT-RELATED | 288 | 286 | 2 | 0.7% | |
| INVESTMENT COMPANY MATTERS | 1 | 1 | 0 | 0.0% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 30 | 27 | 3 | 20.0% | |
| EXTRAORDINARY TRANSACTIONS | 14 | 12 | 2 | 14.3% | |
| CAPITAL STRUCTURE | 237 | 207 | 30 | 14.8% | |
| COMPENSATION | 217 | 184 | 33 | 17.1% | |
| CORPORATE GOVERNANCE | 356 | 321 | 35 | 15.7% | |
| ENVIRONMENT OR CLIMATE | 29 | 7 | 22 | 10.3% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 17 | 11 | 6 | 41.2% | |
| DIVERSITY, EQUITY, AND INCLUSION | 18 | 7 | 11 | 16.7% | |
| OTHER SOCIAL ISSUES | 67 | 36 | 31 | 41.8% | |
| OTHER | 2 | 2 | 0 | 0.0% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 3,677 | 8.7% | 91.2% | 66.7% | |
| year to 30 June 2025 | 3,697 | 9.0% | 88.4% | 49.0% | |
| year to 30 June 2026 | 3,583 | 9.5% | 78.2% | 52.3% |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, DEUTSCHE DWS SECURITIES TRUST voted against management on 32 of the 153 it marked either way (20.9%) in the year to 30 June 2026.
- Alphabet Inc. 5 Jun 2026
- Broadcom Inc. 20 Apr 2026
- Oracle Corporation 18 Nov 2025
- Thermo Fisher Scientific Inc. 20 May 2026
- Advanced Micro Devices, Inc. 13 May 2026
- ServiceNow, Inc. 21 May 2026
- Intuitive Surgical, Inc. 30 Apr 2026
- PALANTIR TECHNOLOGIES INC. 3 Jun 2026
- Arista Networks, Inc. 29 May 2026
- Prologis, Inc. 28 Apr 2026
- Vertex Pharmaceuticals Incorporated 13 May 2026
- Welltower Inc. 21 May 2026
- Marvell Technology, Inc. 25 Jun 2026
- Cadence Design Systems, Inc. 7 May 2026
- Snowflake Inc. 2 Jul 2025
- Snowflake Inc. 29 Jun 2026
- Regeneron Pharmaceuticals, Inc. 12 Jun 2026
- Simon Property Group, Inc. 13 May 2026
- AppLovin Corporation 3 Jun 2026
- Cloudflare, Inc. 30 Jun 2026
- Axon Enterprise, Inc. 28 May 2026
- IQVIA Holdings Inc. 23 Apr 2026
- Block, Inc. 16 Jun 2026
- Roblox Corporation 28 May 2026
- Incyte Corporation 8 Jun 2026
- Bio-Techne Corporation 30 Oct 2025
- IonQ, Inc. 16 Jun 2026
- Roku, Inc. 11 Jun 2026
- Unity Software Inc. 13 May 2026
- Procore Technologies, Inc. 4 Jun 2026
- SL Green Realty Corp. 2 Jun 2026
- Galaxy Digital Inc. 28 May 2026
Shareholder proposals it supported
Of 89 proposals from security holders that could be told apart in the filings and on which it cast a vote, DEUTSCHE DWS SECURITIES TRUST voted for 44 (49.4%). 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.
| Company | Meeting | Proposal |
|---|---|---|
| Microsoft Corporation | 5 Dec 2025 | Report on Human Rights Due Diligence |
| Microsoft Corporation | 5 Dec 2025 | Report on Al and Machine Learning Tools for Oil and Gas Development and Production |
| Microsoft Corporation | 5 Dec 2025 | Report on Al Data Usage Oversight |
| Microsoft Corporation | 5 Dec 2025 | Report on Data Operations in Human Rights Hotspots |
| NVIDIA Corporation | 24 Jun 2026 | Approval of a non-binding stockholder proposal requesting the replacement of supermajority voting... |
| Alphabet Inc. | 5 Jun 2026 | Shareholder proposal regarding a report on AI data usage oversight |
| Alphabet Inc. | 5 Jun 2026 | Shareholder proposal regarding a report on AI-generated misinformation |
| Alphabet Inc. | 5 Jun 2026 | Shareholder proposal regarding a report on data privacy |
| Alphabet Inc. | 5 Jun 2026 | Shareholder proposal regarding AI Board oversight |
| Alphabet Inc. | 5 Jun 2026 | Shareholder proposal regarding equal shareholder voting |
| Mastercard Incorporated | 16 Jun 2026 | Consideration of a stockholder proposal regarding shareholder right to act by written consent |
| Eli Lilly and Company | 4 May 2026 | Shareholder proposal to prepare an annual lobbying report. |
| Eli Lilly and Company | 4 May 2026 | Shareholder proposal to adopt a policy and amend the bylaws to require an independent board chair. |
| AbbVie Inc. | 8 May 2026 | Stockholder Proposal - to Adopt a Policy to Require an Independent Chair |
| Netflix, Inc. | 4 Jun 2026 | Stockholder proposal entitled, "Proposal 4 - Shareholder Right to Act by Written Consent," |
| Merck & Co., Inc. | 26 May 2026 | Shareholder proposal regarding a report on political contributions. |
| Advanced Micro Devices, Inc. | 13 May 2026 | Stockholder proposal requesting changes to the stockholder right to call a special meeting. |
| AT&T INC. | 14 May 2026 | Shareholder Right to Act by Written Consent |
| ServiceNow, Inc. | 21 May 2026 | Shareholder proposal regarding shareholder right to act by written consent. |
| Gilead Sciences, Inc. | 30 Apr 2026 | To vote on a stockholder proposal requesting a report on the impact of extended patent exclusivities on... |
| PALANTIR TECHNOLOGIES INC. | 3 Jun 2026 | Stockholder proposal entitled "Political Spending Disclosure," |
| Lam Research Corporation | 4 Nov 2025 | Stockholder proposal titled "Realistic Shareholder Ability to Call for a Special Shareholder Meeting," |
| Analog Devices, Inc. | 11 Mar 2026 | To consider a shareholder proposal |
| Boston Scientific Corporation | 30 Apr 2026 | Stockholder proposal titled "Give Shareholders the Ability to Call for a Special Shareholder Meeting." |
| Meta Platforms, Inc. | 27 May 2026 | A shareholder proposal regarding annual vote regarding executive pay. |
| Meta Platforms, Inc. | 27 May 2026 | Shareholder Proposal Regarding Data Protection Impact Assessment |
| Meta Platforms, Inc. | 27 May 2026 | Shareholder proposal: OTHER SOCIAL ISSUES |
| Meta Platforms, Inc. | 27 May 2026 | A shareholder proposal regarding disclosure of voting results by share class. |
| Meta Platforms, Inc. | 27 May 2026 | A shareholder proposal regarding dual class capital structure. |
| Meta Platforms, Inc. | 27 May 2026 | A shareholder proposal regarding report on Al data usage oversight. |
| Zoetis Inc. | 20 May 2026 | Shareholder proposal to permit shareholder action by written consent. |
| Vertex Pharmaceuticals Incorporated | 13 May 2026 | Shareholder proposal, if properly presented at the meeting, regarding shareholder right to act by written... |
| Synopsys, Inc. | 16 Apr 2026 | To vote on a stockholder proposal regarding 'stockholders' right to act by written consent |
| Marvell Technology, Inc. | 25 Jun 2026 | To consider and act on one stockholder proposal, entitled "Independent Board Chairman" |
| Snowflake Inc. | 29 Jun 2026 | To consider and vote on, if properly presented at the meeting, a non-binding stockholder proposal... |
| IDEXX Laboratories, Inc. | 12 May 2026 | Shareholder Proposal to Give Shareholders the Ability to Call for a Special Shareholder Meeting (Proposal... |
| Equinix, Inc. | 13 May 2026 | Consideration and vote upon a stockholder proposal, if properly presented at the Annual Meeting, related... |
| AppLovin Corporation | 3 Jun 2026 | Stockholder proposal regarding disclosure of voting results by class of shares |
| Airbnb, Inc. | 5 Jun 2026 | Dual-class sunset; and |
| SHOPIFY INC. | 16 Jun 2026 | Adopt a Policy on Responsible Use of Artificial Intelligence ("AI") in the Company's Business and Operations |
Shares on loan
DEUTSCHE DWS SECURITIES TRUST reported 5.4 million shares on loan at record dates against 403.3 million shares voted: 1.33% 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
5 series reported votes. A vote record can list several series. Series with 500 or more vote records have their own page.
| Series | Vote records | Against management | Say-on-pay support | Shareholder-proposal support |
|---|---|---|---|---|
| DWS RREEF Global Real Estate Securities Fund | 1,165 | 4.6% | 86.7% | not reported |
| DWS Health and Wellness Fund | 773 | 6.0% | 87.0% | 50.0% |
| DWS Digital Horizons Fund | 640 | 19.1% | 66.7% | 46.2% |
| DWS Science and Technology Fund | 626 | 17.9% | 65.2% | 60.4% |
| DWS RREEF Real Estate Securities Fund | 379 | 2.1% | 88.2% | 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.
- N-PX filed 17 Aug 2026 accession 0000088053-26-000633
- Every N-PX filing by this filer on EDGAR
Questions
How did DEUTSCHE DWS SECURITIES TRUST vote on executive pay?
In the year to 30 June 2026 DEUTSCHE DWS SECURITIES TRUST reported 206 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 161 were for (78.2%), 45 against and 0 abstentions. Counting one item per company meeting, it voted against management on 32 of the 153 say-on-pay items it marked either way.
How often does DEUTSCHE DWS SECURITIES TRUST vote against management?
9.5% of the time in the year to 30 June 2026: 341 of the 3,581 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 DEUTSCHE DWS SECURITIES TRUST support shareholder proposals on climate?
In the category ENVIRONMENT OR CLIMATE it reported 25 votes on proposals from security holders in the year to 30 June 2026 and voted for 3 of them (12.0%). Across every category it voted for 52.3% 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 DEUTSCHE DWS SECURITIES TRUST (filer no. 88048), 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.