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Form N-PX · fund seriesSEC series no. S000001269

Income Equity Fund

A series of NORTHERN FUNDS

Vote records
1,956year to 30 June 2026
Against management
4.1%79 of 1,920 marked votes
Say-on-pay support
97.1%for, of for + against + abstain
Shareholder-proposal support
19.4%for, of for + against + abstain

Income Equity Fund is a series of NORTHERN FUNDS. For the year to 30 June 2026 its registrant reported 1,956 vote records for the series; 4.1% of the votes marked for or against management went against management. It voted for 97.1% of say-on-pay items and for 19.4% of proposals from security holders.

Compared with its registrant and family

year to 30 June 2026This seriesIts registrantNorthern Trust and FlexSharesMedian fund registrant
Against-management share4.1%9.0%10.3%6.2%
Say-on-pay support rate97.1%90.2%85.5%91.6%
Shareholder-proposal support rate19.4%47.0%45.8%27.5%

Votes by category

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

Category (as the form names it)VotesForAgainstAgainst managementSplit
DIRECTOR ELECTIONS1,3881,349212.8%
SECTION 14A SAY-ON-PAY VOTES14613743.4%
AUDIT-RELATED14314300.0%
SHAREHOLDER RIGHTS AND DEFENSES87150.0%
EXTRAORDINARY TRANSACTIONS76114.3%
CAPITAL STRUCTURE1515026.7%
COMPENSATION62511117.7%
CORPORATE GOVERNANCE8535506.0%
ENVIRONMENT OR CLIMATE3753213.5%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE134930.8%
DIVERSITY, EQUITY, AND INCLUSION222204.8%
OTHER SOCIAL ISSUES5064412.0%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
year to 30 June 20241,7865.2%97.6%19.6%
year to 30 June 20252,0394.5%96.6%25.7%
year to 30 June 20261,9564.1%97.1%19.4%

Questions

How often did Income Equity Fund vote against management?

4.1% of the votes its registrant marked for or against management in the year to 30 June 2026 (79 of 1,920).

How did Income Equity Fund vote on executive pay?

It voted for 136 of 140 say-on-pay items cast for, against or abstain (97.1%).

Is this the result of the meetings?

No. Form N-PX shows how the fund voted the shares it held. It does not show how other shareholders voted or what the outcome was.

Where does the data come from?

From the Form N-PX filed by NORTHERN FUNDS, which lists the series that cast each vote. The SEC does not verify the contents. Data runs through 23 Sep 2026.

Provenance: SEC EDGAR, Form N-PX filed by NORTHERN FUNDS (filer no. 916620); votes attributed to series S000001269 by the filer. Not verified by the SEC. Filings read through 23 Sep 2026.