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Form N-PX · fund seriesSEC series no. S000050251

Victory Target Managed Allocation Fund

A series of VICTORY PORTFOLIOS III

Vote records
4,421year to 30 June 2026
Against management
4.7%206 of 4,407 marked votes
Say-on-pay support
86.7%for, of for + against + abstain
Shareholder-proposal support
19.7%for, of for + against + abstain

Victory Target Managed Allocation Fund is a series of VICTORY PORTFOLIOS III. For the year to 30 June 2026 its registrant reported 4,421 vote records for the series; 4.7% of the votes marked for or against management went against management. It voted for 86.7% of say-on-pay items and for 19.7% of proposals from security holders.

Compared with its registrant and family

year to 30 June 2026This seriesIts registrantVictory CapitalMedian fund registrant
Against-management share4.7%8.5%7.6%6.2%
Say-on-pay support rate86.7%88.8%89.2%91.6%
Shareholder-proposal support rate19.7%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 ELECTIONS2,7012,607643.2%
SECTION 14A SAY-ON-PAY VOTES120981513.3%
AUDIT-RELATED26025551.9%
SHAREHOLDER RIGHTS AND DEFENSES2116528.6%
EXTRAORDINARY TRANSACTIONS131217.7%
CAPITAL STRUCTURE28027193.9%
COMPENSATION395350458.1%
CORPORATE GOVERNANCE565485808.9%
ENVIRONMENT OR CLIMATE7816620.0%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE4013270.0%
DIVERSITY, EQUITY, AND INCLUSION3913260.0%
OTHER SOCIAL ISSUES10129724.0%
OTHER4130.0%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
year to 30 June 20243,97111.8%91.5%60.7%
year to 30 June 20254,9664.2%87.8%16.1%
year to 30 June 20264,4214.7%86.7%19.7%

Questions

How often did Victory Target Managed Allocation Fund vote against management?

4.7% of the votes its registrant marked for or against management in the year to 30 June 2026 (206 of 4,407).

How did Victory Target Managed Allocation Fund vote on executive pay?

It voted for 98 of 113 say-on-pay items cast for, against or abstain (86.7%).

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 S000050251 by the filer. Not verified by the SEC. Filings read through 23 Sep 2026.