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Form N-PX · fund seriesSEC series no. S000006099

DWS Equity Sector Strategy Fund

A series of DEUTSCHE DWS ASSET ALLOCATION TRUST

Vote records
3,638year to 30 June 2026
Against management
6.6%240 of 3,638 marked votes
Say-on-pay support
82.5%for, of for + against + abstain
Shareholder-proposal support
44.0%for, of for + against + abstain

DWS Equity Sector Strategy Fund is a series of DEUTSCHE DWS ASSET ALLOCATION TRUST. For the year to 30 June 2026 its registrant reported 3,638 vote records for the series; 6.6% of the votes marked for or against management went against management. It voted for 82.5% of say-on-pay items and for 44.0% of proposals from security holders.

Compared with its registrant and family

year to 30 June 2026This seriesIts registrantDWSMedian fund registrant
Against-management share6.6%6.6%8.9%6.2%
Say-on-pay support rate82.5%82.2%85.5%91.6%
Shareholder-proposal support rate44.0%44.0%47.5%27.5%

Votes by category

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

Category (as the form names it)VotesForAgainstAgainst managementSplit
DIRECTOR ELECTIONS2,6652,602372.4%
SECTION 14A SAY-ON-PAY VOTES2682124617.9%
AUDIT-RELATED26526500.0%
SHAREHOLDER RIGHTS AND DEFENSES1712523.5%
EXTRAORDINARY TRANSACTIONS75214.3%
CAPITAL STRUCTURE474706.4%
COMPENSATION106792725.5%
CORPORATE GOVERNANCE1731215239.9%
ENVIRONMENT OR CLIMATE5184313.7%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE2191238.1%
DIVERSITY, EQUITY, AND INCLUSION314279.7%
OTHER SOCIAL ISSUES70264435.7%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
year to 30 June 20244,3447.9%91.7%57.8%
year to 30 June 20253,9216.3%89.1%45.1%
year to 30 June 20263,6386.6%82.5%44.0%

Questions

How often did DWS Equity Sector Strategy Fund vote against management?

6.6% of the votes its registrant marked for or against management in the year to 30 June 2026 (240 of 3,638).

How did DWS Equity Sector Strategy Fund vote on executive pay?

It voted for 212 of 257 say-on-pay items cast for, against or abstain (82.5%).

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 DEUTSCHE DWS ASSET ALLOCATION TRUST, 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 DEUTSCHE DWS ASSET ALLOCATION TRUST (filer no. 926425); votes attributed to series S000006099 by the filer. Not verified by the SEC. Filings read through 23 Sep 2026.