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Form N-PX · fund seriesSEC series no. S000012914

Victory Small Cap Stock Fund

A series of VICTORY PORTFOLIOS III

Vote records
3,501year to 30 June 2026
Against management
10.4%362 of 3,491 marked votes
Say-on-pay support
90.6%for, of for + against + abstain
Shareholder-proposal support
62.5%for, of for + against + abstain

Victory Small Cap Stock Fund is a series of VICTORY PORTFOLIOS III. For the year to 30 June 2026 its registrant reported 3,501 vote records for the series; 10.4% of the votes marked for or against management went against management. It voted for 90.6% of say-on-pay items and for 62.5% of proposals from security holders.

Compared with its registrant and family

year to 30 June 2026This seriesIts registrantVictory CapitalMedian fund registrant
Against-management share10.4%8.5%7.6%6.2%
Say-on-pay support rate90.6%88.8%89.2%91.6%
Shareholder-proposal support rate62.5%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 ELECTIONS2,4192,1414111.4%
SECTION 14A SAY-ON-PAY VOTES396328349.1%
AUDIT-RELATED40240200.0%
SHAREHOLDER RIGHTS AND DEFENSES9900.0%
EXTRAORDINARY TRANSACTIONS292726.9%
CAPITAL STRUCTURE373612.7%
COMPENSATION1361013525.7%
CORPORATE GOVERNANCE81681318.5%
ENVIRONMENT OR CLIMATE2110.0%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE2110.0%
DIVERSITY, EQUITY, AND INCLUSION1100.0%
OTHER SOCIAL ISSUES2200.0%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
year to 30 June 20243,5979.6%91.1%82.1%
year to 30 June 20253,3448.6%91.3%57.1%
year to 30 June 20263,50110.4%90.6%62.5%

Questions

How often did Victory Small Cap Stock Fund vote against management?

10.4% of the votes its registrant marked for or against management in the year to 30 June 2026 (362 of 3,491).

How did Victory Small Cap Stock Fund vote on executive pay?

It voted for 326 of 360 say-on-pay items cast for, against or abstain (90.6%).

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 S000012914 by the filer. Not verified by the SEC. Filings read through 23 Sep 2026.