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Form N-PX · fund seriesSEC series no. S000037225

Victory Cornerstone Moderately Conservative Fund

A series of VICTORY PORTFOLIOS III

Vote records
1,075year to 30 June 2026
Against management
6.0%65 of 1,075 marked votes
Say-on-pay support
89.2%for, of for + against + abstain
Shareholder-proposal support
29.7%for, of for + against + abstain

Victory Cornerstone Moderately Conservative Fund is a series of VICTORY PORTFOLIOS III. For the year to 30 June 2026 its registrant reported 1,075 vote records for the series; 6.0% of the votes marked for or against management went against management. It voted for 89.2% of say-on-pay items and for 29.7% of proposals from security holders.

Compared with its registrant and family

year to 30 June 2026This seriesIts registrantVictory CapitalMedian fund registrant
Against-management share6.0%8.5%7.6%6.2%
Say-on-pay support rate89.2%88.8%89.2%91.6%
Shareholder-proposal support rate29.7%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 ELECTIONS76173962.9%
SECTION 14A SAY-ON-PAY VOTES7666810.5%
AUDIT-RELATED767600.0%
SHAREHOLDER RIGHTS AND DEFENSES76157.1%
EXTRAORDINARY TRANSACTIONS32133.3%
CAPITAL STRUCTURE1616025.0%
COMPENSATION3126516.1%
CORPORATE GOVERNANCE51361543.1%
ENVIRONMENT OR CLIMATE260260.0%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE9090.0%
DIVERSITY, EQUITY, AND INCLUSION110110.0%
OTHER SOCIAL ISSUES4043610.0%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
year to 30 June 20241,1248.7%95.9%62.4%
year to 30 June 20251,1994.9%89.5%16.8%
year to 30 June 20261,0756.0%89.2%29.7%

Questions

How often did Victory Cornerstone Moderately Conservative Fund vote against management?

6.0% of the votes its registrant marked for or against management in the year to 30 June 2026 (65 of 1,075).

How did Victory Cornerstone Moderately Conservative Fund vote on executive pay?

It voted for 66 of 74 say-on-pay items cast for, against or abstain (89.2%).

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 S000037225 by the filer. Not verified by the SEC. Filings read through 23 Sep 2026.