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Form N-PX · fund seriesSEC series no. S000012905

Victory Cornerstone Moderate Fund

A series of VICTORY PORTFOLIOS III

Vote records
1,682year to 30 June 2026
Against management
5.8%98 of 1,682 marked votes
Say-on-pay support
91.9%for, of for + against + abstain
Shareholder-proposal support
27.4%for, of for + against + abstain

Victory Cornerstone Moderate Fund is a series of VICTORY PORTFOLIOS III. For the year to 30 June 2026 its registrant reported 1,682 vote records for the series; 5.8% of the votes marked for or against management went against management. It voted for 91.9% of say-on-pay items and for 27.4% of proposals from security holders.

Compared with its registrant and family

year to 30 June 2026This seriesIts registrantVictory CapitalMedian fund registrant
Against-management share5.8%8.5%7.6%6.2%
Say-on-pay support rate91.9%88.8%89.2%91.6%
Shareholder-proposal support rate27.4%31.8%34.2%27.5%

Votes by category

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

Category (as the form names it)VotesForAgainstAgainst managementSplit
DIRECTOR ELECTIONS1,2051,163103.5%
SECTION 14A SAY-ON-PAY VOTES126113107.9%
AUDIT-RELATED13013000.0%
SHAREHOLDER RIGHTS AND DEFENSES107320.0%
EXTRAORDINARY TRANSACTIONS2200.0%
CAPITAL STRUCTURE1717011.8%
COMPENSATION48341427.1%
CORPORATE GOVERNANCE73532037.0%
ENVIRONMENT OR CLIMATE340340.0%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE150150.0%
DIVERSITY, EQUITY, AND INCLUSION180180.0%
OTHER SOCIAL ISSUES484448.3%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
year to 30 June 20242,13010.6%93.2%66.2%
year to 30 June 20252,1754.7%91.4%22.4%
year to 30 June 20261,6825.8%91.9%27.4%

Questions

How often did Victory Cornerstone Moderate Fund vote against management?

5.8% of the votes its registrant marked for or against management in the year to 30 June 2026 (98 of 1,682).

How did Victory Cornerstone Moderate Fund vote on executive pay?

It voted for 113 of 123 say-on-pay items cast for, against or abstain (91.9%).

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 VICTORY PORTFOLIOS III, 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 VICTORY PORTFOLIOS III (filer no. 908695); votes attributed to series S000012905 by the filer. Not verified by the SEC. Filings read through 23 Sep 2026.