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Form N-PX · fund seriesSEC series no. S000010027

THE MIDCAP GROWTH FUND

A series of COMMERCE FUNDS

Vote records
831year to 30 June 2026
Against management
5.2%43 of 828 marked votes
Say-on-pay support
85.3%for, of for + against + abstain
Shareholder-proposal support
68.4%for, of for + against + abstain

THE MIDCAP GROWTH FUND is a series of COMMERCE FUNDS. For the year to 30 June 2026 its registrant reported 831 vote records for the series; 5.2% of the votes marked for or against management went against management. It voted for 85.3% of say-on-pay items and for 68.4% of proposals from security holders.

Compared with its registrant

year to 30 June 2026This seriesIts registrantMedian fund registrant
Against-management share5.2%3.6%6.2%
Say-on-pay support rate85.3%88.8%91.6%
Shareholder-proposal support rate68.4%25.0%27.5%

Votes by category

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

Category (as the form names it)VotesForAgainstAgainst managementSplit
DIRECTOR ELECTIONS60660220.7%
SECTION 14A SAY-ON-PAY VOTES81651113.6%
AUDIT-RELATED797900.0%
INVESTMENT COMPANY MATTERS101100.0%
SHAREHOLDER RIGHTS AND DEFENSES44075.0%
EXTRAORDINARY TRANSACTIONS21150.0%
CAPITAL STRUCTURE125758.3%
COMPENSATION1816211.1%
CORPORATE GOVERNANCE2717955.6%
ENVIRONMENT OR CLIMATE21150.0%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE110not reported
OTHER SOCIAL ISSUES21150.0%
OTHER101100.0%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
year to 30 June 20248963.3%89.5%33.3%
year to 30 June 20258943.3%91.9%45.5%
year to 30 June 20268315.2%85.3%68.4%

Questions

How often did THE MIDCAP GROWTH FUND vote against management?

5.2% of the votes its registrant marked for or against management in the year to 30 June 2026 (43 of 828).

How did THE MIDCAP GROWTH FUND vote on executive pay?

It voted for 64 of 75 say-on-pay items cast for, against or abstain (85.3%).

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 COMMERCE 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 COMMERCE FUNDS (filer no. 926243); votes attributed to series S000010027 by the filer. Not verified by the SEC. Filings read through 23 Sep 2026.