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Form N-PX · fund seriesSEC series no. S000012927

Victory Emerging Markets Fund

A series of VICTORY PORTFOLIOS III

Vote records
3,358year to 30 June 2026
Against management
12.2%377 of 3,091 marked votes
Say-on-pay support
not reportedfor, of for + against + abstain
Shareholder-proposal support
72.7%for, of for + against + abstain

Victory Emerging Markets Fund is a series of VICTORY PORTFOLIOS III. For the year to 30 June 2026 its registrant reported 3,358 vote records for the series; 12.2% of the votes marked for or against management went against management. It voted for 100.0% of say-on-pay items and for 72.7% of proposals from security holders.

Compared with its registrant and family

year to 30 June 2026This seriesIts registrantVictory CapitalMedian fund registrant
Against-management share12.2%8.5%7.6%6.2%
Say-on-pay support ratenot reported88.8%89.2%91.6%
Shareholder-proposal support rate72.7%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 ELECTIONS1,03081415515.6%
SECTION 14A SAY-ON-PAY VOTES4300.0%
AUDIT-RELATED1751532212.6%
SHAREHOLDER RIGHTS AND DEFENSES93233.3%
EXTRAORDINARY TRANSACTIONS807467.5%
CAPITAL STRUCTURE5614808114.4%
COMPENSATION3873097619.5%
CORPORATE GOVERNANCE1,1901,112695.1%
ENVIRONMENT OR CLIMATE3300.0%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE3300.0%
DIVERSITY, EQUITY, AND INCLUSION3300.0%
OTHER SOCIAL ISSUES98111.1%
OTHER575166.0%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
year to 30 June 20242,93814.1%not reported66.7%
year to 30 June 20252,80610.3%not reported40.0%
year to 30 June 20263,35812.2%not reported72.7%

Questions

How often did Victory Emerging Markets Fund vote against management?

12.2% of the votes its registrant marked for or against management in the year to 30 June 2026 (377 of 3,091).

How did Victory Emerging Markets Fund vote on executive pay?

It voted for 3 of 3 say-on-pay items cast for, against or abstain (100.0%).

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 S000012927 by the filer. Not verified by the SEC. Filings read through 23 Sep 2026.